PPG
PPG Industries Inc.
Industrial/Transportation
10/27/2014
Presented
| Date | 10/24/2014 |
| Price | $97.93 |
| Market Cap | $26.90B |
| Ent Value | $27.43B |
| P/E Ratio | 15.69x |
| Book Value | $19.05 |
| Div Yield | 1.1% |
| Shares O/S | 274.47M |
| Ave Daily Vol | 1,400,000 |
| Short Int | 0.78% |
Current
| Price | $129.87 |
| Market Cap | $30.30B |
| PPG Industries, Inc. manufactures and distributes coatings, optical and specialty materials, and glass products. The company operates in five segments: Performance Coatings, Industrial Coatings, Architectural Coatings, Optical and Specialty Materials, and Glass. It offers coatings products for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, 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 coatings and finishes for the protection of metals and structures to metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars. The company also provides industrial and automotive coatings for manufacturing companies; adhesives and sealants for the automotive industry; metal pretreatments and related chemicals for industrial and automotive applications; and packaging coatings to aerosol, food, and beverage container manufacturers. In addition, it offers architectural coatings used by painting and maintenance contractors and by consumers to decorate and maintain residential and commercial building structures, as well as purchased sundries to painting contractors and consumers. Further, the company provides optical products, such as lenses, optical lens materials, and sun lenses; silicas comprising amorphous precipitated silicas for tire, battery separator, and other end-use markets; and substrates used for radio frequency identification tags and labels, e-passports, drivers’ licenses, and identification cards applications. Additionally, it offers flat glass and continuous-strand fiber glass products for commercial and residential construction markets, and the wind energy, energy infrastructure, transportation, and electronics industries. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania. |
Please note, this stock split on 06/15/2015 at a ratio of 2/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $195.85.
Publicly traded companies mentioned herein: Akzo Nobel NV (AKZA NA), PPG Industries Inc (PPG), Sherwin-Williams Co (SHW), Valspar Corp (VAL)
Highlights
Because of all the dislocation in the market over recent weeks, the presenter thinks investors have the chance to buy “one of the highest quality names in the materials sector – with a powerful event path - at just 12x expected 2016 earnings.” The $2.3 billion acquisition of Consorcio Comex de SA (Comex) will provide a meaningful boost to EPS, and this does not appear to be reflected in Street numbers. If the presenter’s earnings estimates are accurate, shares of PPG could be worth as much as $300 in 12-18 months.
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