Newmarket Stock Today

NEU Stock  USD 615.20  7.54  1.21%   

Performance

11 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 6

 
100  
 
Zero
Low
NewMarket is selling for under 615.20 as of the 19th of March 2024; that is -1.21 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 614.9. NewMarket has only a 6 % chance of going through financial distress over the next few years and had a good performance during the last 90 days. Equity ratings for NewMarket are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
6th of August 1985
Category
Basic Materials
NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business. NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia. NewMarket Corp operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. The company has 9.59 M outstanding shares of which 84.09 K shares are now shorted by investors with about 1.95 days to cover. More on NewMarket

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Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

NewMarket Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NewMarket's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NewMarket or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, NewMarket's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NewMarket's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
Chairman of the BoardBruce Gottwald
Thematic IdeaChemicals (View all Themes)
Old Names[Compagnie Financière de Neufcour S.A, Neuron Bio S.A]
Business ConcentrationSpecialty Chemicals, Basic Materials, NYSE Composite, SP Midcap 400, WSE WIG INDEX, SPASX All Australian, ASX Small Ordinaries, SPASX 300, Chemicals, Materials, Chemicals, Specialty Chemicals, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering NewMarket report their recommendations after researching NewMarket's financial statements, talking to executives and customers, or listening in on NewMarket's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering NewMarket. The NewMarket consensus assessment is calculated by taking the average forecast from all of the analysts covering NewMarket.
Financial Strength
Based on the key indicators related to NewMarket's liquidity, profitability, solvency, and operating efficiency, NewMarket may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of NewMarket is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.180.1684
Notably Up
Pretty Stable
Asset Turnover0.931.1687
Significantly Down
Slightly volatile
Gross Profit Margin0.340.2863
Fairly Up
Very volatile
Net Debt458.2 M621.7 M
Way Down
Slightly volatile
Total Current Liabilities268 M364.2 M
Way Down
Slightly volatile
Non Current Liabilities Total975.4 M867.6 M
Moderately Up
Slightly volatile
Total Assets1.6 B2.3 B
Way Down
Slightly volatile
Total Current Assets675.4 MB
Way Down
Slightly volatile
Total Cash From Operating Activities605.7 M576.8 M
Sufficiently Up
Pretty Stable
NewMarket's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to NewMarket's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
NewMarket's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of NewMarket's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand NewMarket's financial leverage. It provides some insight into what part of NewMarket's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on NewMarket's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how NewMarket deploys its capital and how much of that capital is borrowed.
Liquidity
NewMarket cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 733.6 M in debt with debt to equity (D/E) ratio of 1.61, which is OK given its current industry classification. NewMarket has a current ratio of 2.7, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist NewMarket until it has trouble settling it off, either with new capital or with free cash flow. So, NewMarket's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NewMarket sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NewMarket to invest in growth at high rates of return. When we think about NewMarket's use of debt, we should always consider it together with cash and equity.

Depreciation

49.36 Million
NewMarket (NEU) is traded on New York Stock Exchange in USA. It is located in 330 South Fourth Street, Richmond, VA, United States, 23219-4350 and employs 2,000 people. NewMarket is listed under Specialty Chemicals category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 5.97 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NewMarket's market, we take the total number of its shares issued and multiply it by NewMarket's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. NewMarket runs under Chemicals sector within Materials industry. The entity has 9.59 M outstanding shares of which 84.09 K shares are now shorted by investors with about 1.95 days to cover. NewMarket has about 68.71 M in cash with 576.82 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.29.
Check NewMarket Probability Of Bankruptcy
Ownership Allocation
The market capitalization of NewMarket is $5.97 Billion. Over half of NewMarket's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in NewMarket. Please watch out for any change in the institutional holdings of NewMarket as this could mean something significant has changed or is about to change at the company. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check NewMarket Ownership Details

NewMarket Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of NewMarket jumping above the current price in 90 days from now is about 15.32%. The NewMarket probability density function shows the probability of NewMarket stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon NewMarket has a beta of 0.7348. This indicates as returns on the market go up, NewMarket average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NewMarket will be expected to be much smaller as well. Additionally, the company has an alpha of 0.096, implying that it can generate a 0.096 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 615.2HorizonTargetOdds Above 615.2
84.53%90 days
 615.20 
15.32%
Based on a normal probability distribution, the odds of NewMarket to move above the current price in 90 days from now is about 15.32 (This NewMarket probability density function shows the probability of NewMarket Stock to fall within a particular range of prices over 90 days) .

NewMarket Stock Institutional Holders

Institutional Holdings refers to the ownership stake in NewMarket that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NewMarket's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing NewMarket's value.
InstituionRecorded OnShares
Bank Of New York Mellon Corp2023-09-30
97.6 K
Davenport & Company Llc2023-12-31
72.3 K
Charles Schwab Investment Management Inc2023-09-30
72.2 K
Norges Bank2023-12-31
69 K
Northern Trust Corp2023-09-30
64.7 K
Aqr Capital Management Llc2023-12-31
57 K
Robeco Institutional Asset Management Bv2023-12-31
54.8 K
Acadian Asset Management Llc2023-09-30
51.8 K
Jpmorgan Chase & Co2023-09-30
46.2 K
Bank Of America Corp2023-09-30
949.4 K
Vanguard Group Inc2023-09-30
717.9 K
View NewMarket Diagnostics

NewMarket Historical Income Statement

NewMarket Income Statement is one of the three primary financial statements used for reporting NewMarket's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NewMarket revenue and expense. NewMarket Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, NewMarket's Interest Expense is comparatively stable compared to the past year. EBIT is likely to gain to about 507.2 M in 2024, whereas Gross Profit is likely to drop slightly above 450 M in 2024. View More Fundamentals

NewMarket Stock Against Markets

Picking the right benchmark for NewMarket stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NewMarket stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NewMarket is critical whether you are bullish or bearish towards NewMarket at a given time. Please also check how NewMarket's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in NewMarket without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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NewMarket Corporate Directors

NewMarket corporate directors refer to members of a NewMarket board of directors. The board of directors generally takes responsibility for the NewMarket's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of NewMarket's board members must vote for the resolution. The NewMarket board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Phyllis CothranLead Independent DirectorProfile
Patrick HanleyIndependent DirectorProfile
James RogersIndependent DirectorProfile
Ting XuIndependent DirectorProfile

How to buy NewMarket Stock?

Before investing in NewMarket, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NewMarket. To buy NewMarket stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of NewMarket. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase NewMarket stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located NewMarket stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased NewMarket stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NewMarket, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy NewMarket Stock please use our How to Invest in NewMarket guide.

Already Invested in NewMarket?

The danger of trading NewMarket is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NewMarket is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NewMarket. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NewMarket is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether NewMarket is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NewMarket Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Newmarket Stock. Highlighted below are key reports to facilitate an investment decision about Newmarket Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewMarket. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For more information on how to buy NewMarket Stock please use our How to Invest in NewMarket guide.
Note that the NewMarket information on this page should be used as a complementary analysis to other NewMarket's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running NewMarket's price analysis, check to measure NewMarket's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NewMarket is operating at the current time. Most of NewMarket's value examination focuses on studying past and present price action to predict the probability of NewMarket's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewMarket's price. Additionally, you may evaluate how the addition of NewMarket to your portfolios can decrease your overall portfolio volatility.
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Is NewMarket's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NewMarket. If investors know NewMarket will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NewMarket listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.1)
Dividend Share
8.85
Earnings Share
40.42
Revenue Per Share
281.584
Quarterly Revenue Growth
(0.06)
The market value of NewMarket is measured differently than its book value, which is the value of NewMarket that is recorded on the company's balance sheet. Investors also form their own opinion of NewMarket's value that differs from its market value or its book value, called intrinsic value, which is NewMarket's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NewMarket's market value can be influenced by many factors that don't directly affect NewMarket's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NewMarket's value and its price as these two are different measures arrived at by different means. Investors typically determine if NewMarket is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NewMarket's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.