PPG Industries manufactures and distributes coatings, specialty materials, and glass products. The company's Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical management services. The company was founded in 1883 and is based in Pittsburgh, Pennsylvania.
PPG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Ppg Industries Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ppg Industries Inc ranked in the 38th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 30%. As for the metrics that stood out in our discounted cash flow analysis of Ppg Industries Inc, consider:
The company has produced more trailing twelve month cash flow than 88.64% of its sector Basic Materials.
Ppg Industries Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 23.59% of tickers in our DCF set.
PPG's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than only 23.59% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PPG, try SXT, GGB, NP, SUZ, and SHW.
DUBLIN--(BUSINESS WIRE)--The "Construction Repaint Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering. As the Construction Repaint industry shifts, the report presents the emerging market trends, factors driving the Construction Repaint market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Construction Repaint companies are shifting rapidl
PPG Industries ([[PPG]] -0.7%) says it received $2.2M in funding from the U.S. Department of Energy for research into the use of two versatile, high-output processes in the production of lithium-ion battery electrodes.PPG says the project will try to achieve "step-change improvements in production efficiency of Li-ion batteries used in...
Paint coating stocks enjoy strong gains after PPG Industries ([[PPG]] +4.4%) raised its sales volume forecast for the current quarter: [[AXTA]] +4.3%, [[SHW]] +1.5%, [[RPM]] +1.1%.PPG said it now expects Q3 operating margin declines of 10%-15%, but that's substantially better than the ~25% drop suffered in Q2.Fermium Research upgrades PPG...
DUBLIN, Aug. 7, 2020 /PRNewswire/ -- The "Paints & Coatings Market by Resin (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester), Technology (Waterborne, Solventborne, Powder), Application (Architectural [Residential, Non-residential], Industrial), and Region - Global Forecasts to 2025"…