PPG Industries Financials

PPG Stock  USD 144.54  2.72  1.92%   
Based on the key indicators related to PPG Industries' liquidity, profitability, solvency, and operating efficiency, PPG Industries may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, PPG Industries' Total Stockholder Equity is most likely to increase significantly in the upcoming years. The PPG Industries' current Net Debt is estimated to increase to about 5.6 B, while Total Current Liabilities is projected to decrease to roughly 3.2 B. Key indicators impacting PPG Industries' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.0590.0696
Fairly Down
Slightly volatile
Return On Assets0.06060.0587
Sufficiently Up
Slightly volatile
Return On Equity0.140.1622
Fairly Down
Slightly volatile
Debt Equity Ratio0.460.797
Way Down
Very volatile
Operating Income1.4 B1.7 B
Significantly Down
Slightly volatile
Current Ratio1.231.4703
Fairly Down
Slightly volatile
The financial analysis of PPG Industries is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for PPG Industries includes many different criteria found on its balance sheet. For example, investors should never minimize PPG Industries' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor PPG Industries' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in PPG Industries.

Cash And Equivalents

1.06 Billion

With this module, you can analyze PPG financials for your investing period. You should be able to track the changes in PPG Industries individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past PPG Industries Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of PPG Industries' financial statements are interrelated, with each one affecting the others. For example, an increase in PPG Industries' assets may result in an increase in income on the income statement.
Evaluating PPG Industries' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of PPG Industries' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the PPG Industries' relative financial performance

Chance Of Distress

Less than 6

 
100  
 
Zero
Low
PPG Industries has less than 6 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for PPG Industries stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, PPG Industries' odds of distress score SHOULD NOT be confused with the real chance of PPG Industries filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as PPG is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include PPG Industries' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in PPG Industries' official financial statements usually reflect PPG Industries' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of PPG Industries. For example, before you start analyzing numbers published by PPG accountants, it's critical to develop an understanding of what PPG Industries' liquidity, profitability, and earnings quality are in the context of the Chemicals space in which it operates.
Please note, the presentation of PPG Industries' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, PPG Industries' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in PPG Industries' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of PPG Industries. Please utilize our Beneish M Score to check the likelihood of PPG Industries' management manipulating its earnings.

PPG Industries Company Summary

PPG Industries competes with Chemours, Dupont De, Danimer Scientific, Ecovyst, and Select Energy. PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania. PPG Industries operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. It employs 49300 people.
Foreign Associate
  Mexico
Specialization
Basic Materials, Specialty Chemicals
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000079879
ISINUS6935061076
CUSIP693506107
RegionNorth America
LocationPennsylvania; U.S.A
Business AddressOne PPG Place,
SectorChemicals
IndustryMaterials
BenchmarkNYSE Composite
Websitewww.ppg.com
Phone412 434 3131
CurrencyUSD - US Dollar
You should never invest in PPG Industries without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of PPG Stock, because this is throwing your money away. Analyzing the key information contained in PPG Industries' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

PPG Industries Key Financial Ratios

Generally speaking, PPG Industries' financial ratios allow both analysts and investors to convert raw data from PPG Industries' financial statements into concise, actionable information that can be used to evaluate the performance of PPG Industries over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that PPG Industries reports annually and quarterly.

PPG Industries Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets14.3B19.6B21.4B20.7B21.6B11.7B
Other Current Liab196M1.0B374M1.3B1.8B1.9B
Net Debt4.0B(1.6B)(813M)6.5B5.4B5.6B
Retained Earnings18.9B19.5B20.4B20.8B21.5B22.6B
Cash1.2B1.8B1.0B1.1B1.5B1.6B
Net Receivables2.8B2.7B3.2B3.3B3.3B2.2B
Inventory1.7B1.7B2.2B2.3B2.1B1.4B
Other Current Assets431M5.1B4.6B4.9B436M414.2M
Total Liab8.9B13.7B14.9B14.0B13.6B7.5B
Total Current Assets6.2B6.8B6.7B7.2B7.4B4.8B
Short Term Debt683M758M201M496M500M523.9M
Accounts Payable2.4B2.6B3.1B2.9B2.6B1.7B
Good Will4.5B5.1B6.2B6.1B6.2B3.2B
Intangible Assets2.1B2.4B2.8B2.4B2.4B1.8B
Other Liab2.5B2.8B3.1B2.2B2.5B2.9B
Other Assets(3.4B)997M34M544M489.6M514.1M
Long Term Debt4.5B5.2B6.6B6.5B5.7B3.7B
Treasury Stock(13.2B)(13.2B)(13.4B)(13.5B)(12.2B)(11.6B)
Net Tangible Assets(1.3B)(1.8B)(2.8B)(1.9B)(1.7B)(1.6B)

PPG Industries Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what PPG Industries' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense132M138M121M167M247M259.4M
Total Revenue15.1B13.8B16.8B17.7B18.2B11.6B
Gross Profit6.5B6.1B6.5B6.6B7.5B4.6B
Operating Income1.7B1.8B1.8B1.7B1.7B1.4B
Ebit2.0B1.8B2.0B1.8B1.7B1.4B
Ebitda2.5B2.3B2.5B2.4B2.3B1.9B
Cost Of Revenue8.7B7.8B10.3B11.1B10.7B7.0B
Income Before Tax1.7B1.4B1.8B1.4B1.7B1.2B
Net Income1.2B1.1B1.4B1.0B1.3B891.6M
Income Tax Expense392M291M374M325M439M354.4M
Research Development432M379M439M448M433M401.6M
Minority Interest26M15M(21M)(28M)(39M)(37.1M)
Non Recurring176M267M52M33M38.0M36.1M
Tax Provision392M291M374M325M439M306.1M
Interest Income20M23M32M113M140M147M
Extraordinary Items0.03M19M(2M)(1.8M)(1.7M)
Net Interest Income(95M)(100M)(115M)(113M)(107M)(112.4M)

PPG Industries Key Cash Accounts

Cash flow analysis captures how much money flows into and out of PPG Industries. It measures of how well PPG is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money PPG Industries brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money PPG had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what PPG Industries has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory145M111M(279M)(227M)203M213.2M
Change In Cash314M610M(821M)94M415M435.8M
Free Cash Flow1.7B1.8B1.2B445M1.9B2.0B
Depreciation511M509M561M554M604M478.7M
Other Non Cash Items203M212M(344M)31M240M252M
Dividends Paid468M496M536M570M(598M)(568.1M)
Capital Expenditures413M304M371M518M549M434.5M
Net Income1.3B1.1B1.4B1.1B1.3B861.3M
End Period Cash Flow1.2B1.8B1.0B1.1B1.5B757.1M
Investments20M17M(2.4B)(461M)(556M)(528.2M)
Change Receivables121M187M(63M)(268M)(241.2M)(229.1M)
Change To Netincome176M170M(204M)(91M)(81.9M)(77.8M)
Net Borrowings41M439M824M375M431.3M243.3M

PPG Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining PPG Industries's current stock value. Our valuation model uses many indicators to compare PPG Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across PPG Industries competition to find correlations between indicators driving PPG Industries's intrinsic value. More Info.
PPG Industries is regarded third in cash per share category among related companies. It is regarded fifth in short ratio category among related companies fabricating about  0.46  of Short Ratio per Cash Per Share. The ratio of Cash Per Share to Short Ratio for PPG Industries is roughly  2.17 . At this time, PPG Industries' Cash Per Share is most likely to increase slightly in the upcoming years.. Comparative valuation analysis is a catch-all model that can be used if you cannot value PPG Industries by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for PPG Industries' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the PPG Industries' earnings, one of the primary drivers of an investment's value.

PPG Industries Systematic Risk

PPG Industries' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. PPG Industries volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on PPG Industries correlated with the market. If Beta is less than 0 PPG Industries generally moves in the opposite direction as compared to the market. If PPG Industries Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one PPG Industries is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of PPG Industries is generally in the same direction as the market. If Beta > 1 PPG Industries moves generally in the same direction as, but more than the movement of the benchmark.

About PPG Industries Financials

What exactly are PPG Industries Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include PPG Industries' income statement, its balance sheet, and the statement of cash flows. Potential PPG Industries investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although PPG Industries investors may use each financial statement separately, they are all related. The changes in PPG Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on PPG Industries's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze PPG Industries Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as PPG Industries is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of PPG has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if PPG Industries' financials are consistent with your investment objective using the following steps:
  • Review PPG Industries' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand PPG Industries' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare PPG Industries' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if PPG Industries' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

PPG Industries Thematic Clasifications

PPG Industries is part of several thematic ideas from Chemicals to Manufacturing. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in PPG Industries Stock are looking for potential investment opportunities by analyzing not only static indicators but also various PPG Industries' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of PPG Industries growth as a starting point in their analysis.

Price Earnings To Growth Ratio

1.19

At this time, PPG Industries' Price Earnings To Growth Ratio is most likely to slightly decrease in the upcoming years.

PPG Industries March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of PPG Industries help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of PPG Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of PPG Industries based on widely used predictive technical indicators. In general, we focus on analyzing PPG Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build PPG Industries's daily price indicators and compare them against related drivers.
When determining whether PPG Industries is a strong investment it is important to analyze PPG Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PPG Industries' future performance. For an informed investment choice regarding PPG Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PPG Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
For more detail on how to invest in PPG Stock please use our How to Invest in PPG Industries guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running PPG Industries' price analysis, check to measure PPG Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PPG Industries is operating at the current time. Most of PPG Industries' value examination focuses on studying past and present price action to predict the probability of PPG Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PPG Industries' price. Additionally, you may evaluate how the addition of PPG Industries to your portfolios can decrease your overall portfolio volatility.
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Is PPG Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PPG Industries. If investors know PPG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PPG Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.62)
Dividend Share
2.54
Earnings Share
5.35
Revenue Per Share
77.314
Quarterly Revenue Growth
0.039
The market value of PPG Industries is measured differently than its book value, which is the value of PPG that is recorded on the company's balance sheet. Investors also form their own opinion of PPG Industries' value that differs from its market value or its book value, called intrinsic value, which is PPG Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PPG Industries' market value can be influenced by many factors that don't directly affect PPG Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PPG Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if PPG Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PPG Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.