RPM International Inc Stock Research

Market Summary

USD84.98+0.79

Market Closed

0.94%

RPM Stock Price

RPM RSI Chart

RPM Valuation

Market Cap

11.0B

Price/Earnings (Trailing)

20.6

Price/Sales (Trailing)

1.54

EV/EBITDA

14.81

Price/Free Cashflow

52.17

RPM Price/Sales (Trailing)

RPM Profitability

EBT Margin

9.28%

Return on Equity

25.48%

Return on Assets

7.78%

Free Cashflow Yield

1.92%

RPM Fundamentals

RPM Revenue

Revenue (TTM)

7.1B

Revenue Y/Y

9.28%

Revenue Q/Q

-7.28%

RPM Earnings

Earnings (TTM)

532.6M

Earnings Y/Y

5.18%

Earnings Q/Q

-22.41%

Price Action

52 Week Range

73.85105.17

(Low)(High)

Last 7 days

-4.8%

Last 30 days

-4.9%

Last 90 days

-16.2%

Trailing 12 Months

4.9%

RPM Financial Health

Current Ratio

2.57

Debt/Equity

1.36

Debt/Cashflow

0.07

RPM Investor Care

Shares Dilution (1Y)

0.83%

Diluted EPS (TTM)

4.11

Peers (Alternatives to RPM International)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
LYB	27.7B	50.5B	-16.68%	-7.27%	7.12	0.55	9.27%	-30.76%
PPG	26.8B	17.7B	-2.11%	3.18%	24.98	1.52	5.06%	-28.70%
ALB	25.1B	7.3B	-20.57%	18.26%	9.35	3.44	119.96%	2074.96%
IFF	21.3B	12.4B	-14.07%	-30.43%	-11.45	1.72	6.73%	-768.10%
RPM	11.0B	7.1B	-4.95%	4.88%	20.6	1.54	13.30%	17.31%
MID-CAP
AXTA	5.3B	4.9B	-4.95%	17.14%	26.11	1.1	10.60%	-27.40%
AVNT	3.5B	3.4B	-2.52%	-21.58%	5	1.04	2.46%	204.64%
NEU	3.4B	2.8B	-2.30%	6.20%	12.09	1.22	17.35%	46.43%
SMALL-CAP
ASIX	970.8M	1.9B	-18.23%	-28.96%	5.65	0.5	15.49%	22.96%
WLKP	809.2M	1.6B	-13.12%	-14.17%	10.8	0.56	31.14%	-22.26%
TSE	703.1M	5.0B	-24.28%	-54.90%	-1.63	0.14	2.86%	-197.93%
AMRS	428.8M	258.8M	-24.68%	-69.95%	-1.26	1.66	-27.46%	18.54%
RYAM	412.9M	1.7B	-8.23%	-1.55%	-27.68	0.24	22.00%	-122.46%

Financials for RPM International

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.2%	7,142	6,990	6,708	6,468	6,304
Gross Profit	4.2%	2,672	2,564	2,433	2,388	2,361
S&GA Expenses	2.9%	1,907	1,855	1,788	1,757	1,725
R&D Expenses	-	81.00	-	-	-	-
EBITDA	2.1%	917	898	848	-	-
EBITDA Margin	0.0%	0.13*	0.13*	0.13*	-	-
Earnings Before Taxes	1.8%	662	650	607	589	605
EBT Margin	-0.3%	0.09*	0.09*	0.09*	-	-
Interest Expenses	7.4%	100	94.00	88.00	86.00	85.00
Net Income	1.2%	533	526	491	449	454
Net Income Margin	-0.9%	0.07*	0.08*	0.07*	-	-
Free Cahsflow	66.7%	210	126	179	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.7%	6,850	6,803	6,708	6,331	6,255
Current Assets	0.9%	3,317	3,288	3,152	2,810	2,759
Cash Equivalents	17.5%	232	198	202	193	193
Inventory	3.7%	1,390	1,340	1,213	1,192	1,041
Net PPE	2.4%	1,126	1,099	1,104	1,049	1,023
Goodwill	0.6%	1,342	1,333	1,338	1,344	1,338
Current Liabilities	-21.8%	1,290	1,649	2,016	1,935	1,484
Long Term Debt	12.1%	2,841	2,534	2,083	1,883	2,163
LT Debt, Current	-98.8%	4.00	303	603	703	303
Shareholder's Equity	4.6%	2,090	1,998	1,982	1,835	1,838
Retained Earnings	3.4%	2,334	2,257	2,139	1,992	2,011
Additional Paid-In Capital	0.7%	1,113	1,105	1,096	1,085	1,073
Accumulated Depreciation	2.5%	1,062	1,036	1,029	1,032	1,012
Shares Outstanding	0.0%	129	129	129	129	128
Minority Interest	5.2%	2.00	2.00	1.00	2.00	2.00
Float	-	11,658	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	66.7%	210	126	179	270	346
Share Based Compensation	-7.9%	40.00	43.00	40.00	39.00	37.00
Cashflow From Investing	3.9%	-255	-265	-259	-330	-308
Cashflow From Financing	-32.4%	98.00	144	57.00	8.00	-115
Dividend Payments	1.2%	209	207	204	202	199
Buy Backs	0%	65.00	65.00	53.00	53.00	62.00

Risks for RPM

What is the probability of a big loss on RPM?

53.5%

Probability that RPM International stock will be more than 20% underwater in next one year

18.5%

Probability that RPM International stock will be more than 30% underwater in next one year.

Probability that RPM International stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RPM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if RPM International was unfortunately bought at previous high price.

Drawdowns

Returns for RPM

Cumulative Returns on RPM

12.6%

10-Year Cumulative Returns

11.9%

7-Year Cumulative Returns

13.3%

5-Year Cumulative Returns

11.8%

3-Year Cumulative Returns

What are the long-term rolling returns for RPM?

FIve years rolling returns for RPM International.

Annualized Returns

Which funds bought or sold RPM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-3.08	77,875	670,875	0.02%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-8.38	18,766,500	280,588,000	0.31%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	reduced	-1.36	1,746,520	13,099,500	0.81%
2023-03-06	Rockefeller Capital Management L.P.	added	14.41	240,000	951,000	-%
2023-02-28	Voya Investment Management LLC	added	69.79	3,237,450	6,521,450	0.01%
2023-02-24	National Pension Service	new	-	19,371,000	19,371,000	0.04%
2023-02-24	NATIXIS	new	-	867,305	867,305	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	3.5	351,000	2,020,000	0.02%
2023-02-21	MACQUARIE GROUP LTD	reduced	-11.27	1,373,100	37,561,100	0.04%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-35.87	-387,667	1,164,330	0.03%

Latest Funds Activity

Are funds buying RPM calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RPM

No. of Funds

RPM International News

Schedule 13G FIlings of RPM International

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	aristotle capital management, llc	8.30%	10,710,293	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	4.4%	5,661,730	SC 13G/A
Feb 09, 2023	vanguard group inc	10.84%	13,989,886	SC 13G/A
Jan 24, 2023	blackrock inc.	9.6%	12,356,583	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	7.0%	9,199,681	SC 13G/A
Feb 14, 2022	aristotle capital management, llc	8.94%	11,602,261	SC 13G/A
Feb 01, 2022	blackrock inc.	8.9%	11,513,070	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	5.1%	6,751,953	SC 13G/A
Feb 16, 2021	state street corp	4.09%	5,310,971	SC 13G/A
Feb 10, 2021	vanguard group inc	10.19%	13,234,575	SC 13G/A

RPM Fair Value

RPM International fair value in different scenarios

The table shows the Fair Value estimates for RPM International for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	49.46 -41.80%	69.82 -17.84%	93.63 10.18%	119.80 40.97%	142.16 67.29%
Current Inflation	45.41 -46.56%	62.75 -26.16%	82.57 -2.84%	104.28 22.71%	122.75 44.45%
Very High Inflation	40.40 -52.46%	54.26 -36.15%	69.60 -18.10%	86.37 1.64%	100.59 18.37%

Historical RPM International Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of RPM International

View All Filings

Date Filed	Form Type	Document
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Jan 24, 2023	SC 13G	Major Ownership Report
Jan 05, 2023	8-K	Current Report
Jan 05, 2023	10-Q	Quarterly Report

Latest Insider Trading transactions for RPM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-11-10	Ratajczak Matthew T	sold	-1,596,640	99.79	-16,000	vp-global tax and treasurer
2022-10-31	SUMMERS WILLIAM B JR	sold (taxes)	-50,689	94.57	-536	-
2022-10-31	Deckard Jenniffer D.	sold (taxes)	-50,689	94.57	-536	-
2022-10-31	Livingston Robert	sold (taxes)	-53,526	94.57	-566	-
2022-10-31	Nance Frederick R.	sold (taxes)	-52,675	94.57	-557	-
2022-10-31	CARBONARI BRUCE A	sold (taxes)	-43,691	94.57	-462	-
2022-10-31	Andrews Kirkland B	sold (taxes)	-52,202	94.57	-552	-
2022-10-31	Lagacy Julie A.	sold (taxes)	-53,526	94.57	-566	-
2022-10-31	FAZZOLARI SALVATORE D	sold (taxes)	-49,838	94.57	-527	-
2022-10-31	BALLBACH JOHN M	sold (taxes)	-49,838	94.57	-527	-

About RPM International

Frank C. Sullivan

www.rpminc.com

15500

RPM International Inc. manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; and insulated building cladding materials and concrete form wall systems. It also provides polymer flooring systems; fiberglass reinforced plastic gratings and shapes; corrosion-control coating, containment and railcar lining, fire and sound proofing, and heat and cryogenic insulation products; and specialty construction products; and amine curing agents, reactive diluents, specialty epoxy resins and other intermediates. In addition, it offers fluorescent colorants and pigments; shellac-based-specialty and marine coatings; fire and water damage restoration, and carpet cleaning and disinfecting products; fuel additives; wood treatments, furniture finishes, and touch-up products; and nail enamels, polishes, and coating components. Further, it offers specialty products for paint contractors and the DIYers, concrete restoration and flooring systems, metallic and faux finish coatings, cleaners, and hobby paints and cements; and caulk, sealant, adhesive, insulating foam, spackling, glazing, and patch and repair products. The company was incorporated in 1947 and is headquartered in Medina, Ohio.

RPM Income Statement

2022-11-30

Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Nov. 30, 2022

Nov. 30, 2021

Nov. 30, 2022

Nov. 30, 2021

Income Statement [Abstract]

Net Sales

$ 1,791,708

$ 1,639,538

$ 3,724,028

$ 3,289,959

Cost of Sales

1,101,317

1,056,924

2,289,166

2,093,994

Gross Profit

690,391

582,614

1,434,862

1,195,965

Selling, General and Administrative Expenses

490,607

437,709

975,812

856,676

Restructuring Expense

1,272

2,977

2,626

3,988

Interest Expense

27,918

21,002

54,629

42,111

Investment (Income) Expense, Net

(6,851)

2,816

(3,187)

(2,934)

(Gain) on Sales of Assets, Net

(42,124)

(42,242)

Other Expense (Income), Net

2,310

(2,920)

4,726

(6,259)

Income Before Income Taxes

175,135

163,154

400,256

344,625

Provision for Income Taxes

43,593

38,038

99,435

84,714

Net Income

131,542

125,116

300,821

259,911

Less: Net Income Attributable to Noncontrolling Interests

198

241

464

454

Net Income Attributable to RPM International Inc. Stockholders

$ 131,344

$ 124,875

$ 300,357

$ 259,457

Average Number of Shares of Common Stock Outstanding:

Basic

127,585

128,022

127,600

128,058

Diluted

^[1]

128,911

128,494

128,887

128,537

Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:

Basic

$ 1.02

$ 0.97

$ 2.34

$ 2.01

Diluted

$ 1.02

$ 0.96

$ 2.33

$ 2.00

[1]

For the three months ended November 30, 2022 and 2021, approximately 700,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive. For the six months ended November 30, 2022 and 2021, approximately 720,000 and 660,000 shares of stock, respectively, granted under stock-based compensation plans were excluded from the calculation of diluted EPS, as the effect would have been anti-dilutive.

RPM Balance Sheet

2022-11-30

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2022	May 31, 2022
Current Assets
Cash and cash equivalents	$ 232,118	$ 201,672
Trade accounts receivable (less allowances of $48,041 and $46,669, respectively)	1,340,127	1,432,632
Inventories	1,389,591	1,212,618
Prepaid expenses and other current assets	355,024	304,887
Total current assets	3,316,860	3,151,809
Property, Plant and Equipment, at Cost	2,187,570	2,132,915
Allowance for depreciation	(1,061,701)	(1,028,932)
Property, plant and equipment, net	1,125,869	1,103,983
Other Assets
Goodwill	1,341,580	1,337,868
Other intangible assets, net of amortization	581,909	592,261
Operating lease right-of-use assets	295,384	307,797
Deferred income taxes	16,201	18,914
Other	171,710	195,074
Total other assets	2,406,784	2,451,914
Total Assets	6,849,513	6,707,706
Current Liabilities
Accounts payable	679,596	800,369
Current portion of long-term debt	3,713	603,454
Accrued compensation and benefits	197,266	262,445
Accrued losses	25,795	24,508
Other accrued liabilities	383,664	325,632
Total current liabilities	1,290,034	2,016,408
Long-Term Liabilities
Long-term debt, less current maturities	2,841,066	2,083,155
Operating lease liabilities	254,217	265,139
Other long-term liabilities	292,101	276,990
Deferred income taxes	80,010	82,186
Total long-term liabilities	3,467,394	2,707,470
Contingencies and Accrued Losses (Note 13)
Stockholders' Equity
Preferred stock, par value $0.01; authorized 50,000 shares; none issued
Common stock, par value $0.01; authorized 300,000 shares; issued 145,100 and outstanding 129,090 as of November 30, 2022; issued 144,685 and outstanding 129,199 as of May 31, 2022	1,291	1,292
Paid-in capital	1,113,025	1,096,147
Treasury stock, at cost	(756,872)	(717,019)
Accumulated other comprehensive (loss)	(601,046)	(537,337)
Retained earnings	2,334,063	2,139,346
Total RPM International Inc. stockholders' equity	2,090,461	1,982,429
Noncontrolling Interest	1,624	1,399
Total equity	2,092,085	1,983,828
Total Liabilities and Stockholders' Equity	$ 6,849,513	$ 6,707,706