PPG

PPG Industries, Inc.Basic Materials / Specialty ChemicalsINTACT

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 supplies a variety of decorative coatings, adhesives, sealants, and finishes, as well as paint strippers, stains, and related chemicals. Its Performance Coatings segment offers aerospace coatings, automotive refinishing coatings, protective and marine coatings, and traffic solutions comprising paints, thermoplastics, raised pavement markers, and other technologies for pavement marking. The Industrial Coatings segment provides automotive OEM coatings, industrial coatings, and packaging coatings, as well as specialty products, such as optical monomers and coatings, low-friction coatings, and other specialty products. The company delivers its products to company-owned stores, home centers and other consumer retail outlets, paint dealers, concessionaires and independent distributors, company-owned distribution networks, and directly to manufacturing companies and retail customers. PPG Industries, Inc. was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

Share Price
$105.84
52W: $93.39 - $133.43
DCF Fair Value
$75.03
-41.1% Premium
P/E (TTM)
15.2x
ROIC
10.5%
Operating Margin
14%
FCF Yield
4.7%
Debt / Equity
0.87x
Piotroski Score
8/9
Altman Z-Score
3.94
Market Cap
$23.5B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($75.03)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)
()
Period Range
$ - $
DCF Fair Value
$75.03
MOS Buy Target (-25%)
$56.27
Valuation Overlays:

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price
$105.84
DCF Fair Value
$74.95
-41.2% Premium
$1,105M
$100M$1,105M (Reported)$50,000M
7.0%
-5%10% (Target)35%
4.5%
0%5%20%
9.0%
6%9% (Standard)15% (High Risk)
2.5%
1% (GDP Floor)2.5% (Inflation)4.0%
$5,900M
-$100B CashBalance Sheet+$150B Debt
10-Yr PV of Cash Flows
$9.7B
PV of Terminal Value
$12.9B
Implied Enterprise Value
$22.5B
Implied Equity Value
$16.6B
YearYr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7Yr 8Yr 9Yr 10
Projected FCF ($M)$1,182$1,265$1,354$1,448$1,550$1,620$1,692$1,769$1,848$1,931
Present Value (PV)$1,085$1,065$1,045$1,026$1,007$966$926$888$851$816

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-37.2% Premium
$77.12

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $6.96BVPS: $37.98
Revised Graham Formula+12.7%
$121.22

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Buffett Owner Earnings4.5% Yield
$4.73 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $1.0BYield: 4.5%

Reverse DCF: Market Growth Expectation

MODEST BARRIER
6.5% CAGR (Next 10 Yrs)

At the current price of $105.84, the market is assuming the business will compound Free Cash Flow at 6.5% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict
✓ Low market hurdle: Easy for a wide-moat compounder to beat.
Autonomous Thesis Underwriting

Surveil PPG with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for PPG Industries, Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 14% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Frequently Asked Questions: PPG Industries, Inc. (PPG) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for PPG Industries, Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, PPG Industries, Inc. has an estimated DCF intrinsic fair value of $75.03 per share compared to its current market price of $105.84. This represents an estimated 41.1% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $77.12.

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