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Is RPM International (USA Stocks:RPM) low volatility a good sign for investors?

October 2, 2024  By
RPM International holds approximately $215.79 million in cash and generates $1.12 billion in positive cash flow from its operations. This translates to a cash-per-share (CPS) ratio of 1.53.

Key Takeaways

Considering RPM International's stock from a volatility perspective, the Coefficient of Variation stands at a high 900.9, indicating significant price fluctuations. Despite this, the Sortino Ratio of 0.0482 suggests that the stock's returns are not adequately compensating for the downside risk, making it a cautious choice for risk-averse investors.
Published over a month ago
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Reviewed by Gabriel Shpitalnik

In the world of investing, timing can be everything. As we approach November, many investors are scrutinizing RPM International's stock to determine if it remains a wise choice. The company, listed on the NYSE and categorized under Basic Materials, has shown some intriguing movements recently. With a Valuation Real Value of $103.84 and a Day Typical Price of $120.36, there's a noticeable gap that could signal potential opportunities or risks. The Analyst Overall Consensus still leans towards a Buy, but the Price Action Indicator at -0.85 and a Daily Balance Of Power at -0.43 suggest a more cautious approach might be warranted. Understanding these dynamics is crucial for making informed decisions about whether RPM International is still a buy this month. Considering a 60-day investment horizon, RPM International is expected to deliver returns that are 2.02 times higher than the market average. However, it is also 2.02 times more volatile than its market benchmark. The stock trades at about 0.13 of its potential returns per unit of risk, compared to the Dow Jones Industrial's 0.14 per unit of risk. While some risk-tolerant investors might overlook current market volatility, it's important to consider the risks associated with investing in RPM International. This year could be different for RPM shareholders. Despite its low volatility, we believe RPM International is currently overvalued, with an estimated real value close to $103.84 per share.
Volatility is a rate at which the price of RPM International or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of RPM International may increase or decrease. In other words, similar to RPM's beta indicator, it measures the risk of RPM International and helps estimate the fluctuations that may happen in a short period of time. So if prices of RPM International fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is RPM International's Liquidity

RPM International financial leverage refers to using borrowed capital as a funding source to finance RPM International ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. RPM International financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to RPM International's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of RPM International's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between RPM International's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for RPM International, but it might be worth checking our own buy vs. sell analysis

RPM International Gross Profit

RPM International Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing RPM International previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show RPM International Gross Profit growth over the last 10 years. Please check RPM International's gross profit and other fundamental indicators for more details.

RPM International Volatility Drivers

RPM International unsystematic risk is unique to RPM International and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in RPM International you can also buy H B Fuller. You can also mitigate this risk by investing in the materials sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing RPM International important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in RPM International income statement and balance sheet. Here are more details about RPM volatility.
0.920.820.87
0.920.850.76
0.820.850.93
0.870.760.93
Click cells to compare fundamentals

Going after RPM Financials

The recent bullish price patterns experienced by current RPM International shareholders created some momentum for investors as it was traded today as low as 119.43 and as high as 121.55 per share. The company directors and management have been very successful in rebalancing the company assets at opportune times to take advantage of market volatility in September. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.68.
The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
 2021 2022 2023 2024 (projected)
Short Long Term Debt Total3.0B3.0B2.5B2.6B
Total Assets6.7B6.8B6.6B6.9B
In the world of investing, "volatility is the price you pay for performance." RPM International, a player in the Specialty Chemicals industry, demonstrates this with a Beta of 0.99, indicating its stock moves almost in tandem with the market. Despite a modest Five Year Return of 2.00%, the company's strong Current Ratio of 1.99X suggests solid liquidity. However, with an Operating Margin of just 0.14%, potential investors should weigh the stability of its earnings against market fluctuations before making a decision this November..

RPM International has 62 percent chance to decline under $118 in the coming weeks

RPM International's stock has been quite volatile recently, with fluctuations exceeding 2.78. This increased instability indicates a 62% chance that the stock could fall below $118 soon. Investors should be cautious and consider this potential downside when making trading decisions. Despite this, RPM International generally has low volatility, with a skewness of 0.93 and kurtosis of 2.68. Understanding market volatility trends can help investors time their trades better.
Using volatility indicators allows traders to assess RPM International's stock risk against market movements during both up and down markets. Bear markets, in particular, can significantly impact RPM International's stock price, causing stress for investors and often leading them to rebalance their portfolios by purchasing different financial instruments as prices decline.As we look ahead to November, RPM International presents a compelling case for investors. With an analyst consensus rating of "Buy" and a target price estimated at $108, the stock appears to have room for growth. The company's fiscal year ends in May, giving it ample time to capitalize on market opportunities and improve its financial performance. Notably, the valuation market value stands at a robust 120.09, suggesting that the stock is currently trading at a premium. For those considering adding RPM International to their portfolio, the potential upside price of 119.1 offers an attractive incentive..

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Editorial Staff

Nico Santiago is a PR Contributor to Macroaxis Editorial Board. Nico is a relatively new author here at Macroaxis and he likes to work on advertising and sponsored content and marketing for the company. Nico spends most of his time surfing when the weather is nice and he spends the rest of the year writing for various blogs and companies, as he works on his upcoming books, The Rise of the Financial Machines and Time Series Modelling with AI. View Profile
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