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Earnings transcript
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PPG
PPG Industries, Inc.
$116.36
3.48
(3.08%)
| Exchange: | NYSE |
| Market Cap: | 25.937B |
| Shares Outstanding: | 531.053M |
Delayed data
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Chemicals – Specialty | |||||
| CEO: | Timothy Knavish | |||||
| Full Time Employees: | 46000 | |||||
| Address: |
| |||||
| Website: | https://www.ppg.com |
PPG Industries, Inc. operates globally as a manufacturer and distributor of paints, protective coatings, and various specialty materials. Its Performance Coatings division offers an extensive range of products, including paints, solvents, adhesives, sealants, and software, designed for the repair and refurbishment of automotive and commercial vehicles, light industrial applications, and signage. This segment also supplies advanced coatings, sealants, transparent components (such as transparent armor), engineered materials, and chemical management services to the commercial, military, and general aviation aerospace sectors. Furthermore, it develops protective coatings and finishes for metals and large-scale structures, serving metal fabricators, heavy-duty maintenance contractors, and manufacturers of ships, bridges, and rail cars. Architectural offerings include paints, wood stains, adhesives, and sundry items for both professional contractors and individual consumers for the decoration and upkeep of residential and commercial buildings. Additionally, it provides paints, thermoplastics, and other advanced solutions for pavement marking. The Industrial Coatings segment delivers specialized coatings, adhesives, sealants, and metal pretreatment solutions. These are applied across a diverse array of manufactured goods, including appliances, agricultural and construction machinery, consumer electronics, automotive components, building materials, kitchenware, and transportation vehicles, often supported by on-site application services. This segment also produces coatings specifically for packaging, such as metal cans, closures, plastic tubes, and promotional or specialty containers. Beyond coatings, PPG innovates with unique materials like amorphous precipitated silica for tires and battery separators; TESLIN substrates utilized in labels, e-passports, driver’s licenses, and identification cards; as well as organic light-emitting diode (OLED) materials, display and lighting lens components, optical lenses, color-changing technologies, and photochromic dyes. Founded in 1883, PPG Industries, Inc. is headquartered in Pittsburgh, Pennsylvania.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 16,242,000 | 15,845,000 | 15,875,000 |
| Gross Profit | 6,564,000 | 6,593,000 | 6,031,000 |
| EBITDA | 2,451,000 | 2,585,000 | 2,814,000 |
| Operating Income | 2,035,000 | 2,287,000 | 2,169,000 |
| Net Income | 1,270,000 | 1,116,000 | 1,576,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 21,647,000 | 19,433,000 | 7,959,000 |
| Total Liabilities | 13,624,000 | 12,471,000 | 11,502,000 |
| Total Stockholders Equity | 7,832,000 | 6,785,000 | -3,543,000 |
| Total Debt | 6,599,000 | 6,395,000 | 7,446,000 |
| Cash and Cash Equivalents | 1,493,000 | 1,270,000 | 2,163,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,411,000 | 1,420,000 | 0 |
| Capital Expenditure | -549,000 | -721,000 | -778,000 |
| Free Cash Flow | 1,862,000 | 699,000 | -778,000 |
| Net Income | 1,270,000 | 1,377,000 | 0 |
| Net Change in Cash | 415,000 | -223,000 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 17,327,095.908 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 18,638,701.175 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 17,955,442.018 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,818,901.947 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 4,107,980.506 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,957,389.793 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,269,423.935 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,495,204.485 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,377,587.124 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 3,722,512.035 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 4,004,294.188 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 3,857,504.417 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 10.470 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 10.990 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 9.990 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 11 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: PPG demonstrates consistent revenue growth as evidenced by historical income statements, with positive trends in gross profit and operating income over recent years. Strong net income and earnings per share (EPS) figures indicate operational efficiency and profitability.
- Robust Cash Flow Metrics: The cash flow statements highlight strong free cash flow generation, supported by significant net cash provided by operating activities. This financial health allows PPG to fund capital expenditures and return value to shareholders through dividends, as reflected in the dividend yield (dividendYieldTTM).
- Market Position and Scale: With a substantial market capitalization (mktCap) and a presence in the chemicals industry within the materials sector, PPG benefits from economies of scale and a diversified product portfolio across various geographic segments, as shown in revenue geo segments data.
- Operational Efficiency: Key metrics such as return on equity (roeTTM) and return on invested capital (roicTTM) suggest effective use of capital and equity, positioning PPG as a competitive player in its industry.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PPG intrinsic value between $43.90 – $92.15 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about PPG valuation
Is PPG Industries, Inc. (PPG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for PPG Industries, Inc. (PPG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PPG a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PPG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PPG’s P/E ratio?
You can see PPG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PPG?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PPG a good long-term investment?
Whether PPG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PPG
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Daily snapshot
3.08
Trading Metrics:
| Open: | 114.46 | Previous Close: | 112.88 | |
| Day Low: | 113.55 | Day High: | 116.89 | |
| Year Low: | 93.39 | Year High: | 133.43 | |
| Price Avg 50: | 108.59 | Price Avg 200: | 107.58 | |
| Volume: | 1.602M | Average Volume: | 2.104M |
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Login — it's freePPG full analysis
Welcome to MARKETSNAP’s SWOT analysis for PPG Industries! If you’re a long-term investor looking to dig into a solid player in the coatings and specialty materials space, you’re in the right place. Today, we’re breaking down PPG Industries—known simply as PPG (ticker symbol PPG)—a company that’s been a heavyweight in the paints, coatings, and industrial materials game for years. We’ll take a deep dive into their strengths, weaknesses, opportunities, and threats, while sprinkling in some recent developments and financial insights…
