30 minutes ago
This is my latest spreadsheet -- RPM International.
Over the last 40 years of my investing career, RPM has been mentioned many times as a company to research. For some reason I ignored it. Perhaps it was the cyclical nature of their business. Looking deeper provided some interesting insights.
RPM International's divisions manufacture, market, and sell various specialty chemical product lines, including high-quality specialty paints, infrastructure rehabilitation and repair products, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance and improvement needs of the construction, industrial, specialty and consumer markets. RPM began business in 1947 and was restructured and reincorporated in 2002. Along the way, they've managed to grow and have been able to increase their dividend for 53 years making them a Dividend King as well as a Dividend Champion.
RPM's family of products include those marketed under brand names such as API, Carboline, CAVE, DAP, Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Fibregrid, Fibrecrete, Flecto, Flowcrete, Gator, Grupo PV, Hummervoll, illbruck, Kalzip, Kemtile, Key Resin, Nudura, Mohawk, The Pink Stuff, Prime Resins, Ready Seal, Rust-Oleum, Specialty Polymer Coatings, Stonhard, Strathmore, TCI, Toxement, Tremco, Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser. I know about Rust-Oleum and DAP. I've used their products all the time around the house. Gator is a name I recently became familiar with as they make abrasive fabrics and cutting tools that I've used upgrading my boat.
As a basic materials company, the business is very cyclical. Their construction businesses are the largest by sales followed by the consumer divisions, then followed by the performance product group -- their 3 largest reporting segments.
I highly recommend downloading some of their annual reports and browse some of their press releases. You'll notice that RPM is constantly evolving with joint ventures, business acquisitions and divestitures, and new product lines. Their web site has a lot of financial information available dating back many years. Their Investor Relations web pages are among the better ones I've found.
Attached to this post is my spreadsheet of their financials since 2007. I've added more graphs including one on the 'Price History' tab which I modeled off FASTgraphs. It's nowhere near as detailed as FASTGraphs, nor is it interactive, but should give you some hint as to it's valuation. As usual, it's a work in progress.
If there are any questions, find an error, or have problems opening it, please leave a post here. As mentioned in an earlier thread, the spreadsheet is in Open Document Format (LibreOffice) but Microsoft Office should have no problems opening it. The attachment is a zip file as the board software forbids certain formats for security reasons.
Disclosure: My wife and I do not own any shares at this time although, should the price drop a little further, I would not hesitate to add RPM to our portfolios. Their consistent dividend growth, despite the challenges the business faces, speaks well on their management of the company.
Over the last 40 years of my investing career, RPM has been mentioned many times as a company to research. For some reason I ignored it. Perhaps it was the cyclical nature of their business. Looking deeper provided some interesting insights.
RPM International's divisions manufacture, market, and sell various specialty chemical product lines, including high-quality specialty paints, infrastructure rehabilitation and repair products, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance and improvement needs of the construction, industrial, specialty and consumer markets. RPM began business in 1947 and was restructured and reincorporated in 2002. Along the way, they've managed to grow and have been able to increase their dividend for 53 years making them a Dividend King as well as a Dividend Champion.
RPM's family of products include those marketed under brand names such as API, Carboline, CAVE, DAP, Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Fibregrid, Fibrecrete, Flecto, Flowcrete, Gator, Grupo PV, Hummervoll, illbruck, Kalzip, Kemtile, Key Resin, Nudura, Mohawk, The Pink Stuff, Prime Resins, Ready Seal, Rust-Oleum, Specialty Polymer Coatings, Stonhard, Strathmore, TCI, Toxement, Tremco, Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser. I know about Rust-Oleum and DAP. I've used their products all the time around the house. Gator is a name I recently became familiar with as they make abrasive fabrics and cutting tools that I've used upgrading my boat.
As a basic materials company, the business is very cyclical. Their construction businesses are the largest by sales followed by the consumer divisions, then followed by the performance product group -- their 3 largest reporting segments.
I highly recommend downloading some of their annual reports and browse some of their press releases. You'll notice that RPM is constantly evolving with joint ventures, business acquisitions and divestitures, and new product lines. Their web site has a lot of financial information available dating back many years. Their Investor Relations web pages are among the better ones I've found.
Attached to this post is my spreadsheet of their financials since 2007. I've added more graphs including one on the 'Price History' tab which I modeled off FASTgraphs. It's nowhere near as detailed as FASTGraphs, nor is it interactive, but should give you some hint as to it's valuation. As usual, it's a work in progress.
If there are any questions, find an error, or have problems opening it, please leave a post here. As mentioned in an earlier thread, the spreadsheet is in Open Document Format (LibreOffice) but Microsoft Office should have no problems opening it. The attachment is a zip file as the board software forbids certain formats for security reasons.
Disclosure: My wife and I do not own any shares at this time although, should the price drop a little further, I would not hesitate to add RPM to our portfolios. Their consistent dividend growth, despite the challenges the business faces, speaks well on their management of the company.
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“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street
“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street