RPM International (NYSE:RPM)

RPM International

RPM International Inc is a multinational holding company that manufactures and markets high-performance specialty coatings., of the sealing products and some building materials. THE pRPM products are used by professionals and amateurs alike. for home maintenance and boat maintenance. The company has approximately 9,000 employees worldwide working in 77 branches in 20 countriesIts products are sold in 150 countries. Its shares are held by around 300 institutions and 82,000 individual investors. 

RPM has increased its dividend for 37 consecutive years, placing the company in an elite category among the 19,000 publicly traded companies in the United States. Only 49 other companies have paid a dividend for at least as long in a row..

THE long term average return is particularly interesting, with 4.36%. The Price/Earnings ratio confirms this attractive valuation, with 13.30. On the other hand, with a average annual growth of 4.36%, the progression of dividends is very weak. The distribution ratio is reasonable, with 55.52%, which still leaves room for RPM to increase its dividend, even in the event of a difficult passage.

RPM est assez sensible aux variations du marché, avec un beta de 1.38. La volatility, avec 16.50% est assez élevée également, mais reste encore légèrement inférieure à celle du marché. La performance du titre est similaire à celle du marché sur le très long terme.

30% of RPM's net revenues come from outside the United States. Whatnd le dollar s'affaiblit, les revenus des ventes à l'international augmentent, et vice-versa. On constate cette relation inverse dans une certaine mesure entre l'USD/CHF et RPM, mais on ne peut pas dire pour autant que le titre offre une protection contre les variations de sa monnaie (comme on peut le constater chez CVX For example).

RPM vs USD/CHFRPM possède certaines similitudes avec AWR. Les rendements sont bons chez les deux, mais la croissance de leurs distributions laissent quelque peu à désirer. AWR affiche néanmoins un historique d'augmentations successives impressionnant, avec 57 années, avec lequel RPM ne peut valoriser, malgré ses 37 années (ce qui est déjà plus que respectable). La volatilité d'AWR est également moindre que celle de RPM.

Ultimately, we consider that RPM, like AWR, is a title to keep in portfolio if one has already made its acquisition. On the other hand, it does not justify a purchase, given the relatively low profit potential and rather high risk.

Sources: wikipedia.org, wikinvest.com, yahoo.com, swissquote.ch, dividends.ch

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