Ppg Industries Intrinsic Value Calculation – PPG Industries Invests $17M in Aerospace Support Center in France
December 13, 2023
☀️Trending News
PPG ($NYSE:PPG) Industries, a global provider of coatings and specialty materials, has recently announced an investment of $17 million in the establishment of an aerospace application support center in France. This is part of the company’s ongoing commitment to the aerospace industry, which is a major focus for the organization. The company operates a wide range of businesses and products from automotive coatings to optical products. It also specializes in industrial and protective coatings, as well as specialty chemicals.
The new aerospace application center will provide support services such as simulation, training, and technical services to customers in France. The facility will also serve as a research and development center to improve the performance of aerospace coatings. This is part of PPG’s strategy to support customers with innovative solutions and drive growth in the aerospace industry.
Price History
On Tuesday, PPG Industries, a global supplier of paints, coatings and specialty materials, announced it had invested $17 million in its new Aerospace Support Center in France. The new center is the first of its kind, and is designed to be a hub for aerospace solutions, offering services in areas such as product testing and research and development. The announcement came as PPG Industries’ stock opened at $146.0 and closed at $145.4, a 0.3% decrease from the previous closing price of 145.8. The company believes this investment will further strengthen its position in this sector. The new Aerospace Support Center will enable PPG Industries to provide enhanced support to customers in Europe, the Middle East and Africa.
This includes technical expertise for creating custom color and performance solutions, as well as access to PPG’s latest technologies. It will also feature an application laboratory for testing and validating new products and processes. The investment in the Aerospace Support Center is expected to create new jobs in the region, and serve as a platform for further growth in the aerospace sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ppg Industries. More…
| Total Revenues | Net Income | Net Margin |
| 18.08k | 1.42k | 8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ppg Industries. More…
| Operations | Investing | Financing |
| 2.1k | -614 | -1.36k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ppg Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.5k | 13.57k | 32.87 |
Key Ratios Snapshot
Some of the financial key ratios for Ppg Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 6.0% | 11.7% |
| FCF Margin | ROE | ROA |
| 8.7% | 17.2% | 6.2% |
Analysis – Ppg Industries Intrinsic Value Calculation
We at GoodWhale conducted a thorough analysis of PPG Industries‘ wellbeing in order to determine a fair value for their stock. Using our proprietary Valuation Line tool, we estimated the fair value of PPG INDUSTRIES share to be around $151.1. However, based on the current stock price of $145.4, it appears that the stock is undervalued by 3.8%. We believe that this presents an attractive opportunity to investors who are looking for a sound investment. More…
Peers
PPG Industries Inc and its competitors Trinseo PLC, LyondellBasell Industries NV, Covestro AG are all engaged in a fierce competition to be the leading chemical company globally. All four companies have their own unique strengths and weaknesses, and each is trying to gain an edge over the others. The competition between these companies is expected to heat up even further in the coming years.
– Trinseo PLC ($NYSE:TSE)
Trinseo PLC is a global materials company with a market cap of 630.21M as of 2022. The company has a strong focus on sustainability and is committed to being a force for good in the world. Trinseo’s products are used in a wide variety of applications, including automotive, consumer electronics, and construction. The company has a strong focus on research and development, and is constantly innovating to bring new and better products to market. Trinseo’s return on equity is 20.36%.
– LyondellBasell Industries NV ($NYSE:LYB)
LyondellBasell Industries NV is a Netherlands-based company engaged in the production of chemicals and polymers. The Company’s product portfolio includes olefins and polyolefins, and a range of derived products. LyondellBasell Industries NV, through its subsidiaries, operates in Europe, the United States, Asia Pacific, the Middle East and Africa.
– Covestro AG ($OTCPK:COVTY)
Covestro AG is a world-leading producer of high-performance polymers. The company’s innovative and sustainable products are used in a wide range of industries, from construction and electronics to sports and leisure. Covestro is headquartered in Leverkusen, Germany, and has around 16,800 employees worldwide. The company’s market cap is 6.67B as of 2022, and it has a return on equity of 14.83%. Covestro is a publicly traded company on the Frankfurt Stock Exchange.
Summary
PPG Industries recently announced the opening of a $17 million aerospace application support center in France. The new center, located in Toulouse, will provide application support for aerospace maintenance, repair and overhaul operations. It is expected to provide technical assistance to help customers optimize coatings performance, reduce paint costs and increase efficiency. The center will also focus on increasing the availability of PPG’s aerospace coatings technologies and services.
This expansion of the company’s operations is part of its plan to capitalize on the growing global aerospace market and to further enhance its position as a leading supplier. PPG Industries’ stock has followed a positive trend in the last few months, making it a good choice for investors looking for potential growth opportunities.
