Phil-Good Products Inc
How we got $5.4M
Based on its 34 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 15% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 9% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 34 | $10.3M |
| 2020 | Form 5500 | 29 | $8.8M |
| 2021 | Form 5500 | 31 | $9.4M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PHIL-GOOD PRODUCTS INC this business | $10.1M | — |
| ENVIRONMENTAL COMPLIANCE CORP., LLC DBA WE PAD IT Oklahoma City · 12 employees | $3.1M | 1.6 mi |
| TAYLOR FOAM, INC. Oklahoma City · 14 employees | $5.7M | 3.1 mi |
| EHC, INC. Oklahoma City · 64 employees | $17.0M | 4.4 mi |
| QUALITY WRAP PACKAGING, INC. Oklahoma City · 6 employees | $1.4M | 4.8 mi |
| HITE PLASTICS INC Oklahoma City · 15 employees | $2.8M | 5.7 mi |
| BUILDBLOCK BUILDING SYSTEMS, LLC Oklahoma City · 21 employees | $12.3M | 8.2 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.0M |
| Estimate: the two combined (geometric mean) | $10.1M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $1.2M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 8% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $5.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.3M – $8.5M |
| Revenue range | $7.6M – $13.1M |
| EBITDA range | $905K – $1.6M |
| Industry (NAICS) | All Other Plastics Product Manufacturing (326199) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingFirst Bethany Bank & TrustPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| First Bethany Bank & Trust PPP 2020, PPP 2021 | All 186 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $390K | 32 |
| 2/10/2021 | second | $390K | 34 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Phil-Good Products Inc
Phil-Good Products Inc is an all other plastics product manufacturing company in Oklahoma City, Oklahoma. It is owned by Peggy Phillips (CEO). Its estimated annual revenue is about $10.1M, with roughly $1.2M of EBITDA. It has about 31 employees. Its estimated business value is $5.4M (likely range $3.3M–$8.5M).
Common questions
- Who owns Phil-Good Products Inc?
- Phil-Good Products Inc is owned by Peggy Phillips (CEO), according to public sources such as the company's website or filings.
- How much revenue does Phil-Good Products Inc make?
- SeeBITDA estimates Phil-Good Products Inc's annual revenue at about $10.1M (likely between $7.6M and $13.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Phil-Good Products Inc worth?
- About $5.4M, roughly 4.5× its estimated EBITDA of $1.2M, typical for a all other plastics product manufacturing company its size. Likely range: $3.3M–$8.5M.
- How many employees does Phil-Good Products Inc have?
- About 31, from its 2021 retirement-plan filing.