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PPG logo PPG
Upturn stock ratingUpturn stock rating
PPG logo

PPG Industries Inc (PPG)

Upturn stock ratingUpturn stock rating
$108.95
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
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Upturn Advisory Summary

04/01/2025: PPG (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit -14.42%
Avg. Invested days 29
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 24.73B USD
Price to earnings Ratio 19.05
1Y Target Price 131.78
Price to earnings Ratio 19.05
1Y Target Price 131.78
Volume (30-day avg) 2290339
Beta 1.21
52 Weeks Range 105.64 - 140.87
Updated Date 04/1/2025
52 Weeks Range 105.64 - 140.87
Updated Date 04/1/2025
Dividends yield (FY) 2.49%
Basic EPS (TTM) 5.72

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 7.04%
Operating Margin (TTM) 12.15%

Management Effectiveness

Return on Assets (TTM) 6.83%
Return on Equity (TTM) 18.38%

Valuation

Trailing PE 19.05
Forward PE 13.64
Enterprise Value 29947590656
Price to Sales(TTM) 1.57
Enterprise Value 29947590656
Price to Sales(TTM) 1.57
Enterprise Value to Revenue 1.86
Enterprise Value to EBITDA 11.38
Shares Outstanding 226975008
Shares Floating 226181917
Shares Outstanding 226975008
Shares Floating 226181917
Percent Insiders 0.12
Percent Institutions 90.83

Analyst Ratings

Rating 3.85
Target Price 144.57
Buy 3
Strong Buy 10
Buy 3
Strong Buy 10
Hold 14
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

PPG Industries Inc

stock logo

Company Overview

overview logo History and Background

PPG Industries was founded in 1883 as Pittsburgh Plate Glass Company. It initially focused on producing plate glass but has since diversified into paints, coatings, and specialty materials. Over the years, PPG has grown through acquisitions and innovation, becoming a global leader in its industry.

business area logo Core Business Areas

  • Performance Coatings: Supplies coatings and finishes for a variety of applications, including automotive refinish, aerospace, and industrial coatings. These coatings protect and enhance the appearance of various products.
  • Industrial Coatings: Provides coatings, adhesives, and sealants for industrial equipment, automotive original equipment manufacturing (OEM), and packaging. These products offer corrosion protection, weather resistance, and aesthetic appeal.
  • Architectural Coatings: Offers paints, stains, and specialty coatings for residential and commercial applications. These products are sold through company-owned stores and independent retailers.

leadership logo Leadership and Structure

Tim Knavish is the current Chairman and CEO. The company operates with a decentralized organizational structure, with various business units focused on specific markets and product lines.

Top Products and Market Share

overview logo Key Offerings

  • Automotive Refinish Coatings: PPG's automotive refinish coatings are used to repair and restore the appearance of vehicles. Market share is estimated to be around 30% globally. Competitors include Axalta Coating Systems (AXTA) and BASF (BASF.DE). Revenue from this segment is significant, contributing substantially to the Performance Coatings segment.
  • Aerospace Coatings: PPG supplies coatings for aircraft and aerospace components, offering protection from corrosion and environmental factors. Market share is a significant portion of the aerospace coating market. Competitors include AkzoNobel (AKZA.AS) and Sherwin-Williams (SHW).
  • Architectural Paints (e.g., Glidden, PPG Paints): PPG's architectural paints are sold to homeowners and professionals for interior and exterior applications. They hold a sizable market share within the architectural coatings industry. Competitors include Sherwin-Williams (SHW) and Benjamin Moore (Berkshire Hathaway - BRK.A).

Market Dynamics

industry overview logo Industry Overview

The coatings industry is characterized by moderate growth, driven by construction, automotive production, and industrial activity. It's influenced by raw material prices, environmental regulations, and technological advancements in coating formulations.

Positioning

PPG Industries Inc is one of the leading global coatings companies, holding significant market share in several key segments. Its competitive advantages include its strong brand reputation, diverse product portfolio, global distribution network, and technological expertise.

Total Addressable Market (TAM)

The global paints and coatings market is estimated at $180+ billion. PPG is positioned well to capture a significant portion through diversified product offerings and global presence.

Upturn SWOT Analysis

Strengths

  • Global market leadership
  • Diversified product portfolio
  • Strong R&D capabilities
  • Established distribution network
  • Strong Brand Recognition

Weaknesses

  • Exposure to raw material price volatility
  • Dependence on cyclical industries
  • High debt levels
  • Slow Growth Rate compared to Technology Companies

Opportunities

  • Growth in emerging markets
  • Increasing demand for sustainable coatings
  • Expansion through acquisitions
  • Product innovation in specialty coatings
  • Adoption of Digitalization

Threats

  • Economic downturns
  • Intense competition
  • Stringent environmental regulations
  • Fluctuations in currency exchange rates
  • Disruptive Technologies

Competitors and Market Share

competitor logo Key Competitors

  • SHW
  • AXTA
  • RPM

Competitive Landscape

PPG faces intense competition from other large coatings companies. Its strengths include its diversified product portfolio and global reach. Weaknesses include its exposure to raw material price volatility.

Major Acquisitions

Tikkurila

  • Year: 2021
  • Acquisition Price (USD millions): 1.55
  • Strategic Rationale: Expanded PPG's presence in the Nordic and Eastern European markets, strengthening its architectural coatings business.

Growth Trajectory and Initiatives

Historical Growth: PPG has experienced moderate growth over the past decade, driven by organic expansion and strategic acquisitions.

Future Projections: Analysts expect moderate revenue growth for PPG, driven by increased demand in key markets and continued cost optimization efforts.

Recent Initiatives: Recent initiatives include investments in R&D, expansion in emerging markets, and acquisitions of complementary businesses.

Summary

PPG Industries is a strong global coatings company with a diversified portfolio and established market position. Its global presence and R&D capabilities are strengths, but it faces challenges from raw material price volatility and cyclical industry trends. Future growth depends on capitalizing on emerging market opportunities and managing costs effectively. The Tikkurila acquisition has positively affected it's revenue.

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SHWratingrating

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Sources and Disclaimers

Data Sources:

  • Company Filings (10K, 10Q), Analyst Reports, Market Research Reports, PPG Investor Relations

Disclaimers:

The information provided is for general informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About PPG Industries Inc

Exchange NYSE
Headquaters Pittsburgh, PA, United States
IPO Launch date 1983-04-06
CEO -
Sector Basic Materials
Industry Specialty Chemicals
Full time employees 46000
Full time employees 46000

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Global Architectural Coatings, Performance Coatings, and Industrial Coatings. The Global Architectural Coatings segment offers paints, wood stains, adhesives, sealants, and purchased sundries for painting and maintenance contractors and consumers. The Performance Coatings segment offers coatings, sealants, transparencies, adhesives, engineered materials, packaging, and chemical management services for aerospace industry; coatings, solvents, adhesives, sealants, purchased sundries, digital solutions and paint films for automotive and commercial transport industries; coatings and finishes for protection of metals and structures; and paints, thermoplastics, raised pavement markers, and other pavement marking technologies for government, commercial infrastructure, painting, and maintenance contractors. The Industrial Coatings segment provides coatings, adhesives and sealants, metal pretreatments, and paint films, as well as technical services and coatings applications for automotive original equipment manufacturers, tier supplier, appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also offers coatings for metal cans, closures, plastic and aluminum tubes for food, beverage and personal care, promotional, and specialty packaging; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. The company was incorporated in 1883 and is based in Pittsburgh, Pennsylvania.

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