RPM International Inc. (NYSE: RPM) is a global leader in specialty coatings, sealants, and building materials. Serving industrial, commercial, and consumer markets, RPM’s diverse portfolio includes well-known brands such as Rust-Oleum, Tremco, and DAP, delivering innovative solutions worldwide.
Key Takeaways:
- RPM International Inc. shows promising growth potential in the long term
- The stock price is expected to experience steady appreciation over the years
- Factors such as market conditions, company performance, and global economic trends will influence the stock’s trajectory
Overview of RPM International Inc.
RPM International Inc., founded in 1947 as Republic Powdered Metals, began with a single product: Alumanation, an aluminum roof coating. The company’s growth strategy focused on strategic acquisitions, expanding its product portfolio and market reach.
Key acquisitions included Rust-Oleum Corporation in 1994, enhancing RPM’s protective coatings offerings. The purchase of Tremco Inc. in 1997 strengthened its construction products segment, while the acquisition of DAP Products Inc. in 1999 expanded its consumer product lines.
RPM International Inc. Company Profile
| Country | United States |
| Ticker Symbol | RPM |
| Exchange | NYSE |
| Founded | 1947 |
| IPO Date | 1990 |
| Industry | Specialty Chemicals |
| Sector | Materials |
| Employees | 17,207 |
| CEO | Frank C. Sullivan |
| Market Cap (September 13, 2024) | $15.63 billion |
| Website | rpminc |
RPM International Inc. (RPM) Balance Sheet Analysis
RPM International Inc. (NYSE: RPM) reported its fiscal year 2024 balance sheet as of May 31, 2024. The company’s total assets stood at $6.59 billion, with total liabilities at $4.07 billion, resulting in a total equity of $2.51 billion.
RPM maintained a solid financial position with total debt of $2.41 billion and working capital of $1.43 billion. The company’s total capitalization was $4.50 billion, with net tangible assets and tangible book value both at $689 million.
Share information showed 145.6 million shares issued, 128.6 million ordinary shares outstanding, and 17.0 million treasury shares.
Compared to fiscal year 2023, RPM saw a slight decrease in total assets but significantly reduced its total liabilities, strengthening its overall financial position in the specialty chemicals market.
Balance Sheet Data Source: finance.yahoo
RPM International Inc. Stock Price History
RPM International Inc. (NYSE: RPM) had its IPO in the year 1990. RPM International (RPM) has undergone 7 stock splits since 1983. These occurred in 1983, 1984, 1987, 1990, 1992, 1995, and 1997. The most recent split was on December 9, 1997. One share purchased before November 9, 1983, would now equal 6.866455078125 shares.1
As of September 13, 2024, the stock price stands at $121.34.
RPM Stock Price Forecast 2024
For the remainder of 2024, we anticipate solid growth for RPM stock. The company’s strong fundamentals and market position suggest a positive outlook. RPM’s focus on innovative products and strategic acquisitions is expected to drive growth in key markets, potentially boosting investor confidence and stock performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $106.20 | $134.68 | $161.62 |
We project a potential growth of 11% by the end of 2024, with the average price reaching $134.68.
RPM Stock Price Forecast 2025
In 2025, we expect RPM to continue its upward trend, benefiting from improved market conditions and strategic initiatives. The company’s expansion into emerging markets and focus on sustainability could open up new revenue streams, potentially leading to stronger financial performance and increased shareholder value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $143.85 | $153.74 | $192.18 |
Our forecast indicates a growth of 14.2% from the 2024 average, with the stock price potentially reaching an average of $153.74.
RPM Stock Price Forecast 2026
The year 2026 looks promising for RPM, with continued expansion and market penetration driving stock performance. The company’s investment in digital technologies and e-commerce platforms could enhance customer experience and operational efficiency, potentially leading to improved profit margins and stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $163.98 | $175.26 | $227.84 |
We project a growth of 14% from the 2025 average, bringing the average stock price to $175.26.
RPM Stock Price Forecast 2027
In 2027, RPM is expected to maintain its growth momentum, supported by strong industry demand and operational efficiency. The company’s focus on research and development could lead to breakthrough products, potentially strengthening its market position and driving stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $186.93 | $199.80 | $249.75 |
Our analysis suggests a growth of 14% from the 2026 average, with the stock price averaging $199.80.
RPM Stock Price Forecast 2028
The year 2028 could see RPM further strengthening its market position, potentially leading to increased investor confidence. The company’s commitment to sustainability and eco-friendly products could resonate well with consumers and investors alike, potentially driving both revenue growth and stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $211.24 | $225.77 | $293.50 |
We forecast a growth of 13% from the 2027 average, bringing the average stock price to $225.77.
RPM Stock Price Forecast 2029
In 2029, RPM is expected to continue its upward trend, benefiting from long-term strategic investments and market expansion. The company’s focus on acquisitions in high-growth sectors could diversify its portfolio and reduce risk, potentially leading to more stable and consistent stock performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $239.70 | $256.15 | $320.19 |
Our projection indicates a growth of 13.5% from the 2028 average, with the stock price potentially averaging $256.15.
RPM Stock Price Forecast 2030
As we enter a new decade, RPM’s stock is anticipated to maintain its positive momentum, driven by innovation and market leadership. This trend is similar to other materials sector leaders like Albemarle Corporation, whose ALB stock forecast also shows promising long-term potential. The company’s investment in advanced manufacturing technologies could lead to improved production efficiency and cost savings, potentially boosting profitability and stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $272.23 | $290.89 | $378.16 |
We expect a growth of 13.6% from the 2029 average, bringing the average stock price to $290.89.
RPM Stock Price Forecast 2031
In 2031, RPM’s stock is projected to continue its steady climb, supported by strong fundamentals and market demand. The company’s focus on customer-centric innovation could lead to increased brand loyalty and market share, potentially driving long-term stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $308.62 | $329.71 | $412.14 |
Our forecast suggests a growth of 13.3% from the 2030 average, with the stock price averaging $329.71.
RPM Stock Price Forecast 2032
The year 2032 could see RPM further consolidating its market position, potentially leading to increased shareholder value. The company’s expansion into new geographic markets could open up significant growth opportunities, potentially leading to stronger financial performance and stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $350.97 | $374.98 | $487.47 |
We project a growth of 13.7% from the 2031 average, bringing the average stock price to $374.98.
RPM Stock Price Forecast 2033
In 2033, RPM is expected to maintain its growth trajectory, benefiting from long-term industry trends and strategic initiatives. The company’s investment in artificial intelligence and data analytics could lead to more efficient operations and better decision-making, potentially boosting profitability and stock performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $398.35 | $425.60 | $532.00 |
Our analysis indicates a growth of 13.5% from the 2032 average, with the stock price potentially reaching an average of $425.60.
RPM Stock Price Forecast 2034
As we move further into the future, RPM’s stock is anticipated to continue its upward trend, driven by innovation and market expansion. The company’s focus on developing smart coatings and materials could open up new markets in the tech industry, potentially leading to diversified revenue streams and increased stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $452.14 | $483.15 | $628.10 |
We forecast a growth of 13.5% from the 2033 average, bringing the average stock price to $483.15.
RPM Stock Price Forecast 2035
In 2035, RPM’s stock is projected to maintain its positive momentum, supported by strong fundamentals and market demand. The company’s commitment to circular economy principles could resonate well with environmentally conscious consumers and investors, much like how Nutrien’s NTR stock prediction reflects growing interest in sustainable agriculture solutions. The company’s commitment to circular economy principles could resonate well with environmentally conscious consumers and investors, potentially driving both sales growth and stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $513.18 | $548.37 | $685.46 |
Our projection suggests a growth of 13.5% from the 2034 average, with the stock price averaging $548.37.
RPM Stock Price Forecast 2036
The year 2036 could see RPM further strengthening its market position, potentially leading to increased investor confidence. The company’s focus on developing bio-based and renewable raw materials could give it a competitive edge in an increasingly eco-conscious market, potentially boosting its stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $582.46 | $622.40 | $809.12 |
We expect a growth of 13.5% from the 2035 average, bringing the average stock price to $622.40.
RPM Stock Price Forecast 2037
In 2037, RPM is anticipated to continue its steady climb, benefiting from long-term strategic investments and market leadership. The company’s investment in nanotechnology could lead to groundbreaking products, potentially opening up new markets and driving significant stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $661.00 | $706.42 | $883.03 |
Our forecast indicates a growth of 13.5% from the 2036 average, with the stock price potentially averaging $706.42.
RPM Stock Price Forecast 2038
As we approach the end of the 2030s, RPM’s stock is projected to maintain its upward trend, driven by innovation and market expansion. The company’s focus on developing smart cities solutions could position it as a key player in urban infrastructure, potentially leading to substantial revenue growth and stock value increase.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $750.23 | $801.79 | $1,042.33 |
We project a growth of 13.5% from the 2037 average, bringing the average stock price to $801.79.
RPM Stock Price Forecast 2039
In 2039, RPM is expected to continue its positive momentum, supported by strong fundamentals and market demand. The company’s investment in quantum computing applications for material science could lead to revolutionary products, potentially driving significant stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $851.51 | $910.03 | $1,137.54 |
Our analysis suggests a growth of 13.5% from the 2038 average, with the stock price averaging $910.03.
RPM Stock Price Forecast 2040
As we enter a new decade, RPM’s stock is anticipated to maintain its growth trajectory, benefiting from long-term industry trends and strategic initiatives. While RPM focuses on advanced materials, investors looking to diversify might also consider other sectors with strong growth potential, such as self-storage. The EXR stock price target, for instance, suggests promising returns in this space as urbanization trends continue. The company’s focus on developing space-grade materials could position it as a key supplier in the growing space industry, potentially opening up new revenue streams and driving stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $966.46 | $1,032.89 | $1,342.76 |
We forecast a growth of 13.5% from the 2039 average, bringing the average stock price to $1,032.89.
RPM Stock Price Forecast 2050
Looking ahead to 2050, we project significant long-term growth for RPM stock, reflecting the company’s potential for continued success and market leadership. RPM’s commitment to innovation, sustainability, and strategic expansion could position it as a global leader in advanced materials and coatings, potentially driving extraordinary stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $3,930.00 | $4,200.00 | $5,460.00 |
Our long-term forecast suggests that RPM stock could reach an average price of $4,200.00 by 2050, representing substantial growth from current levels.
Conclusion
Based on our comprehensive analysis, RPM International Inc. (NYSE: RPM) shows promising potential for long-term growth. We project the stock price to reach an average of $4,200.00 by 2050. This represents a remarkable increase of approximately 3,361% over 26 years, or an average annual growth rate of about 14.5%.
FAQs
1. What is the future of RPM share price?
Based on our analysis, the future of RPM International Inc. (NYSE: RPM) share price appears promising. We project steady growth over the coming decades, with the stock potentially reaching an average price of $4,200.00 by 2050. This represents a significant increase from the current price of $121.34 as of September 13, 2024. Our forecast suggests annual growth rates between 10-15%, driven by factors such as innovation, market expansion, and strategic acquisitions.
2. Is RPM a good long-term stock?
RPM International Inc. shows strong potential as a long-term investment. The company’s consistent focus on innovation, strategic acquisitions, and market expansion positions it well for future growth. Our projections indicate substantial appreciation in stock value over the next few decades. RPM’s diversified product portfolio and global presence provide stability, while its commitment to sustainability and emerging technologies could drive future growth. These factors suggest that RPM could be a solid addition to a long-term investment portfolio for those seeking steady growth and potential capital appreciation.
3. What is the RPM 10 year outlook?
The 10-year outlook for RPM appears positive. Based on our forecast, by 2034 (10 years from our current date), we project the stock price could reach an average of $483.15, with a potential high of $628.10. This represents a significant increase from the current price. Over this period, we expect RPM to benefit from its investments in innovative products, expansion into emerging markets, and focus on sustainability. The company’s strategic initiatives in digital technologies, e-commerce, and advanced manufacturing could also contribute to its growth and market position.
4. Is RPM a buy, hold, or sell?
Given our long-term projections and the company’s strong fundamentals, RPM could be considered a “buy” or “hold” for investors with a long-term perspective. The stock’s potential for steady appreciation over time makes it an attractive option for those looking to build wealth gradually.
5. Who are the major competitors of RPM?
RPM International Inc. (NYSE: RPM) major competitors include companies in similar industries, such as those involved in paints, coatings, adhesives, sealants, and other chemical solutions for industrial and consumer use.
- Sherwin-Williams Co. (NYSE: SHW) – A major competitor in the paints and coatings sector, providing similar products for industrial, commercial, and consumer markets.
- PPG Industries Inc. (NYSE: PPG) – Another large player in the coatings and specialty materials sector with a strong focus on paints and industrial coatings.
- Axalta Coating Systems Ltd. (NYSE: AXTA) – Specializes in coatings for industrial and transportation sectors.
- Valspar Corp. (Acquired by Sherwin-Williams) – Formerly a direct competitor in the coatings and paints business.
- Akzo Nobel N.V. (OTC: AKZOY) – A global paints and coatings company that operates in the industrial and decorative coatings sector.
- Masco Corporation (NYSE: MAS) – Specializes in home improvement and building products, which includes coatings and sealants.
- Sika AG (OTC: SXYAY) – A Swiss company specializing in specialty chemicals, including adhesives and sealants for construction and industrial use.
- H.B. Fuller Company (NYSE: FUL) – A global adhesives manufacturer, providing solutions that overlap with some of RPM’s products.
- 3M Company (NYSE: MMM) – A diversified company with products ranging from adhesives and tapes to coatings used in various industries.
- Illinois Tool Works Inc. (NYSE: ITW) – Offers engineered products, including adhesives and sealants for industrial applications.
These companies compete with RPM International across different segments of the specialty chemicals and building materials market.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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