Newmarket Stock Analysis
| NEU Stock | USD 588.51 2.17 0.37% |
NewMarket is overvalued with Real Value of 521.76 and Target Price of 450.0. The main objective of NewMarket stock analysis is to determine its intrinsic value, which is an estimate of what NewMarket is worth, separate from its market price. There are two main types of NewMarket's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect NewMarket's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of NewMarket's stock to identify patterns and trends that may indicate its future price movements.
The NewMarket stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. NewMarket is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. NewMarket Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and NewMarket's ongoing operational relationships across important fundamental and technical indicators.
NewMarket |
NewMarket Stock Analysis Notes
About 31.0% of the company outstanding shares are owned by corporate insiders. The company recorded earning per share (EPS) of 40.43. NewMarket last dividend was issued on the 14th of March 2024. The entity had 1:5 split on the 1st of July 2002. 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. It employs 2104 people. To find out more about NewMarket contact Thomas Gottwald at 804 788 5000 or learn more at https://www.newmarket.com.NewMarket Quarterly Total Revenue |
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NewMarket Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. NewMarket's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding NewMarket or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
| About 62.0% of the company shares are owned by institutional investors | |
| On 1st of April 2024 NewMarket paid $ 2.5 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Arizona State Retirement System Lowers Holdings in NewMarket Co. - Defense World |
NewMarket Upcoming and Recent Events
Earnings reports are used by NewMarket to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NewMarket previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
NewMarket Largest EPS Surprises
Earnings surprises can significantly impact NewMarket's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2005-05-04 | 2005-03-31 | 0.25 | 0.28 | 0.03 | 12 | ||
2005-02-03 | 2004-12-31 | 0.21 | 0.17 | -0.04 | 19 | ||
2003-02-07 | 2002-12-31 | 0.13 | 0.06 | -0.07 | 53 |
NewMarket Thematic Classifications
In addition to having NewMarket stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | ChemicalsUSA Equities from Chemicals industry as classified by Fama & French |
NewMarket Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as NewMarket is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NewMarket backward and forwards among themselves. NewMarket's institutional investor refers to the entity that pools money to purchase NewMarket's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Pacer Advisors, Inc. | 2023-12-31 | 87.3 K | Bank Of New York Mellon Corp | 2023-12-31 | 84.4 K | Goldman Sachs Group Inc | 2023-12-31 | 74.4 K | Davenport & Company Llc | 2023-12-31 | 72.3 K | Charles Schwab Investment Management Inc | 2023-12-31 | 69.7 K | Norges Bank | 2023-12-31 | 69 K | Northern Trust Corp | 2023-12-31 | 66.8 K | Aqr Capital Management Llc | 2023-12-31 | 57 K | Robeco Institutional Asset Management Bv | 2023-12-31 | 54.8 K | Bank Of America Corp | 2023-12-31 | 944.9 K | Vanguard Group Inc | 2023-12-31 | 722.2 K |
NewMarket Market Capitalization
The company currently falls under 'Mid-Cap' category with a total capitalization of 5.64 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 Profitablity
NewMarket's profitability indicators refer to fundamental financial ratios that showcase NewMarket's ability to generate income relative to its revenue or operating costs. If, let's say, NewMarket is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, NewMarket's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of NewMarket's profitability requires more research than a typical breakdown of NewMarket's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.14 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.17 %, which entails that for every 100 dollars of revenue, it generated $0.17 of operating income. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.18 | 0.19 | |
| Return On Capital Employed | 0.25 | 0.14 | |
| Return On Assets | 0.17 | 0.18 | |
| Return On Equity | 0.36 | 0.22 |
Management Efficiency
NewMarket has Return on Asset of 0.1379 % which means that on every $100 spent on assets, it made $0.1379 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4228 %, implying that it generated $0.4228 on every 100 dollars invested. NewMarket's management efficiency ratios could be used to measure how well NewMarket manages its routine affairs as well as how well it operates its assets and liabilities. At this time, NewMarket's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.18 in 2024, whereas Return On Capital Employed is likely to drop 0.14 in 2024. At this time, NewMarket's Non Current Liabilities Total is comparatively stable compared to the past year. Change To Liabilities is likely to gain to about 61.7 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 268 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 112.39 | 118.01 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 99.39 | 104.36 | |
| Enterprise Value Over EBITDA | 12.12 | 6.62 | |
| Price Book Value Ratio | 4.86 | 3.27 | |
| Enterprise Value Multiple | 12.12 | 6.62 | |
| Price Fair Value | 4.86 | 3.27 | |
| Enterprise Value | 864.4 M | 821.2 M |
The analysis of NewMarket's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze NewMarket's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of NewMarket Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.017 | Forward Dividend Yield 0.017 | Forward Dividend Rate 10 | Beta 0.467 |
Technical Drivers
As of the 23rd of April, NewMarket secures the Standard Deviation of 1.29, risk adjusted performance of 0.0031, and Mean Deviation of 0.8775. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NewMarket, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for NewMarket, which can be compared to its peers in the industry. Please verify NewMarket market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if NewMarket is priced some-what accurately, providing market reflects its recent price of 588.51 per share. Given that NewMarket has information ratio of (0.07), we recommend you to check NewMarket's last-minute market performance to make sure the company can sustain itself at a future point.NewMarket Price Movement Analysis
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. NewMarket middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for NewMarket. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
NewMarket Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NewMarket insiders, such as employees or executives, is commonly permitted as long as it does not rely on NewMarket's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NewMarket insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Thomas Gottwald over a month ago Disposition of 216 shares by Thomas Gottwald of NewMarket at 632.0 subject to Rule 16b-3 | ||
Gail Ridgeway over a month ago Disposition of tradable shares by Gail Ridgeway of NewMarket at 636.31 subject to Rule 16b-3 | ||
M West over six months ago Exercise or conversion by M West of 4000 shares of NewMarket subject to Rule 16b-3 |
NewMarket Outstanding Bonds
NewMarket issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. NewMarket uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most NewMarket bonds can be classified according to their maturity, which is the date when NewMarket has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
NewMarket Predictive Daily Indicators
NewMarket intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of NewMarket stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
NewMarket Corporate Filings
| 11th of March 2024 Other Reports | ViewVerify | |
F4 | 8th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 7th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 6th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 29th of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 28th of February 2024 An amendment to a previously filed Form 8-K | ViewVerify |
ASR | 27th of February 2024 Automatic Shelf Registration Statement under Rule 415 filed with the U.S. Securities and Exchange Commission (SEC) | ViewVerify |
F4 | 26th of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
NewMarket Forecast Models
NewMarket's time-series forecasting models are one of many NewMarket's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NewMarket's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About NewMarket Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how NewMarket prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling NewMarket shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as NewMarket. By using and applying NewMarket Stock analysis, traders can create a robust methodology for identifying NewMarket entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | 0.18 | 0.19 | |
| Operating Profit Margin | 0.18 | 0.1 | |
| Net Profit Margin | 0.14 | 0.15 | |
| Gross Profit Margin | 0.29 | 0.34 |
Current NewMarket Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NewMarket analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. NewMarket analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
| Target Price | Advice | # of Analysts | |
| 450.0 | Hold | 1 | Odds |
Most NewMarket analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NewMarket stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NewMarket, talking to its executives and customers, or listening to NewMarket conference calls.
NewMarket Stock Analysis Indicators
NewMarket stock analysis indicators help investors evaluate how NewMarket stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading NewMarket shares will generate the highest return on investment. By understating and applying NewMarket stock analysis, traders can identify NewMarket position entry and exit signals to maximize returns.
| Begin Period Cash Flow | 68.7 M | |
| Long Term Debt | 643.6 M | |
| Common Stock Shares Outstanding | 9.6 M | |
| Total Stockholder Equity | 1.1 B | |
| Tax Provision | 93.7 M | |
| Quarterly Earnings Growth Y O Y | -0.095 | |
| Property Plant And Equipment Net | 760.3 M | |
| Cash And Short Term Investments | 111.9 M | |
| Cash | 111.9 M | |
| Accounts Payable | 231.1 M | |
| Net Debt | 621.7 M | |
| 50 Day M A | 614.6158 | |
| Total Current Liabilities | 364.2 M | |
| Other Operating Expenses | 2.2 B | |
| Non Current Assets Total | 1.3 B | |
| Non Currrent Assets Other | 7.2 M |
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 Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for NewMarket Stock analysis
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 40.43 | 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.