Added to YB: 2024-06-20
Pitch date: 2024-06-19
PPG [bullish]
PPG Industries, Inc.
-15.33%
current return
Author Info
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Company Info
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.
Market Cap
$22.3B
Pitch Price
$122.50
Price Target
N/A
Dividend
2.86%
EV/EBITDA
9.97
P/E
17.94
EV/Sales
1.81
Sector
Chemicals
Category
dividend
3 Dividend Kings To Buy Right Now - PPG Industries, Inc.
PPG Q1: Rev -1.6% to $4.31B (missed by $120M), adj EPS $1.86 in-line w/ estimates. 2024 guide: low single-digit org sales growth, adj EPS $8.34-$8.59 (+10.4% YoY midpoint). Trades at 15x PE vs 19x fair value = 14.7% potential return (8% EPS growth + 2% div + 4.8% multiple expansion).
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