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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Ppg Industries Inc. To summarize, we found that Ppg Industries Inc ranked in the 39th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Ppg Industries Inc ended up being:
The company has produced more trailing twelve month cash flow than 88.04% of its sector Basic Materials.
Ppg Industries Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 19.12% 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 19.12% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
NP, GGB, SCL, RGLD, and SSD can be thought of as valuation peers to PPG, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.
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...
PPG (NYSE:PPG) today announced it has received funding from the U.S. Department of Energy (DOE) for research into the use of two versatile, high-output processes in the production of lithium-ion (Li-ion) battery electrodes. The three-year, $2.2 million project – one of 13 selected through a DOE initiative focused on addressing engineering challenges for advanced battery materials and devices – will be conducted in collaboration with Oak Ridge National Laboratory in Tennessee.
In an era where normal is no longer and mental and physical well-being have become more important than ever, consumers are craving simple comforts and a slowed-down lifestyle. Emulating both the optimism felt in nature and soothing nostalgia, the PPG 2021 Palette of the Year "Be Well" was unveiled today, consisting of hues Transcend, Big Cypress and Misty Aqua.
PPG (NYSE:PPG) today announced that its aerospace business in Australia collaborated with AMDA Foundation Limited and Aviat Global to revitalize a piece of Royal Australian Air Force (RAAF) history – a Canberra Bomber aircraft (serial number A84-232).