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NEWMARKET CORP (NEU) Stock Fundamental Analysis

NYSE:NEU - New York Stock Exchange, Inc. - US6515871076 - Common Stock - Currency: USD

726.37  +2.26 (+0.31%)

Fundamental Rating

7

NEU gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 85 industry peers in the Chemicals industry. NEU has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. NEU has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

NEU had positive earnings in the past year.
NEU had a positive operating cash flow in the past year.
Each year in the past 5 years NEU has been profitable.
Each year in the past 5 years NEU had a positive operating cash flow.
NEU Yearly Net Income VS EBIT VS OCF VS FCFNEU Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

1.2 Ratios

NEU has a Return On Assets of 14.98%. This is amongst the best in the industry. NEU outperforms 100.00% of its industry peers.
NEU has a Return On Equity of 29.69%. This is amongst the best in the industry. NEU outperforms 97.65% of its industry peers.
NEU has a Return On Invested Capital of 17.20%. This is amongst the best in the industry. NEU outperforms 98.82% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NEU is significantly above the industry average of 6.66%.
The last Return On Invested Capital (17.20%) for NEU is above the 3 year average (16.97%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 14.98%
ROE 29.69%
ROIC 17.2%
ROA(3y)14.36%
ROA(5y)12.9%
ROE(3y)34.69%
ROE(5y)32.92%
ROIC(3y)16.97%
ROIC(5y)15.47%
NEU Yearly ROA, ROE, ROICNEU Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

1.3 Margins

The Profit Margin of NEU (17.22%) is better than 96.47% of its industry peers.
In the last couple of years the Profit Margin of NEU has grown nicely.
The Operating Margin of NEU (21.78%) is better than 89.41% of its industry peers.
In the last couple of years the Operating Margin of NEU has grown nicely.
With a Gross Margin value of 32.69%, NEU perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
NEU's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 21.78%
PM (TTM) 17.22%
GM 32.69%
OM growth 3Y24.62%
OM growth 5Y6.58%
PM growth 3Y26.95%
PM growth 5Y7.37%
GM growth 3Y11.02%
GM growth 5Y2.04%
NEU Yearly Profit, Operating, Gross MarginsNEU Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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8

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NEU is creating value.
Compared to 1 year ago, NEU has less shares outstanding
NEU has less shares outstanding than it did 5 years ago.
The debt/assets ratio for NEU is higher compared to a year ago.
NEU Yearly Shares OutstandingNEU Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
NEU Yearly Total Debt VS Total AssetsNEU Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

NEU has an Altman-Z score of 5.01. This indicates that NEU is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.01, NEU belongs to the top of the industry, outperforming 94.12% of the companies in the same industry.
NEU has a debt to FCF ratio of 1.60. This is a very positive value and a sign of high solvency as it would only need 1.60 years to pay back of all of its debts.
NEU's Debt to FCF ratio of 1.60 is amongst the best of the industry. NEU outperforms 90.59% of its industry peers.
NEU has a Debt/Equity ratio of 0.52. This is a neutral value indicating NEU is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.52, NEU is doing good in the industry, outperforming 64.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 1.6
Altman-Z 5.01
ROIC/WACC1.95
WACC8.82%
NEU Yearly LT Debt VS Equity VS FCFNEU Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.3 Liquidity

A Current Ratio of 2.66 indicates that NEU has no problem at all paying its short term obligations.
NEU has a Current ratio of 2.66. This is in the better half of the industry: NEU outperforms 75.29% of its industry peers.
A Quick Ratio of 1.43 indicates that NEU should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.43, NEU perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.66
Quick Ratio 1.43
NEU Yearly Current Assets VS Current LiabilitesNEU Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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3

3. Growth

3.1 Past

NEU shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.76%, which is quite good.
NEU shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.30% yearly.
NEU shows a small growth in Revenue. In the last year, the Revenue has grown by 2.26%.
Measured over the past years, NEU shows a small growth in Revenue. The Revenue has been growing by 4.93% on average per year.
EPS 1Y (TTM)17.76%
EPS 3Y39.88%
EPS 5Y16.3%
EPS Q2Q%1.81%
Revenue 1Y (TTM)2.26%
Revenue growth 3Y5.75%
Revenue growth 5Y4.93%
Sales Q2Q%-1.65%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NEU Yearly Revenue VS EstimatesNEU Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B
NEU Yearly EPS VS EstimatesNEU Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2023 2024 10 20 30 40

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 14.40, which indicates a correct valuation of NEU.
75.29% of the companies in the same industry are more expensive than NEU, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.54. NEU is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.4
Fwd PE N/A
NEU Price Earnings VS Forward Price EarningsNEU Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

NEU's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, NEU is valued cheaply inside the industry as 81.18% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 13.04
EV/EBITDA 10.49
NEU Per share dataNEU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200 250

4.3 Compensation for Growth

NEU has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.88
EPS Next 2YN/A
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

NEU has a Yearly Dividend Yield of 1.52%. Purely for dividend investing, there may be better candidates out there.
NEU's Dividend Yield is comparable with the industry average which is at 3.74.
Compared to the average S&P500 Dividend Yield of 2.40, NEU is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.52%

5.2 History

The dividend of NEU is nicely growing with an annual growth rate of 6.59%!
NEU has been paying a dividend for at least 10 years, so it has a reliable track record.
NEU has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.59%
Div Incr Years6
Div Non Decr Years18
NEU Yearly Dividends per shareNEU Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

5.3 Sustainability

20.86% of the earnings are spent on dividend by NEU. This is a low number and sustainable payout ratio.
The dividend of NEU is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.86%
EPS Next 2YN/A
EPS Next 3YN/A
NEU Yearly Income VS Free CF VS DividendNEU Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
NEU Dividend Payout.NEU Dividend Payout, showing the Payout Ratio.NEU Dividend Payout.PayoutRetained Earnings

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NEWMARKET CORP

NYSE:NEU (8/8/2025, 9:31:37 AM)

726.37

+2.26 (+0.31%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)10-21 2025-10-21
Inst Owners65.27%
Inst Owner Change-1.98%
Ins Owners6.61%
Ins Owner Change-0.37%
Market Cap6.85B
Analysts45
Price TargetN/A
Short Float %1.75%
Short Ratio0.94
Dividend
Industry RankSector Rank
Dividend Yield 1.52%
Yearly Dividend10.03
Dividend Growth(5Y)6.59%
DP20.86%
Div Incr Years6
Div Non Decr Years18
Ex-Date06-16 2025-06-16 (2.75)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 14.4
Fwd PE N/A
P/S 2.46
P/FCF 13.04
P/OCF 11.75
P/B 4.25
P/tB 7.84
EV/EBITDA 10.49
EPS(TTM)50.45
EY6.95%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)55.68
FCFY7.67%
OCF(TTM)61.84
OCFY8.51%
SpS294.7
BVpS170.91
TBVpS92.67
PEG (NY)N/A
PEG (5Y)0.88
Profitability
Industry RankSector Rank
ROA 14.98%
ROE 29.69%
ROCE 21.68%
ROIC 17.2%
ROICexc 17.64%
ROICexgc 24.2%
OM 21.78%
PM (TTM) 17.22%
GM 32.69%
FCFM 18.89%
ROA(3y)14.36%
ROA(5y)12.9%
ROE(3y)34.69%
ROE(5y)32.92%
ROIC(3y)16.97%
ROIC(5y)15.47%
ROICexc(3y)17.71%
ROICexc(5y)16.91%
ROICexgc(3y)20.83%
ROICexgc(5y)19.4%
ROCE(3y)21.39%
ROCE(5y)19.49%
ROICexcg growth 3Y13.97%
ROICexcg growth 5Y3.36%
ROICexc growth 3Y5.51%
ROICexc growth 5Y-1.33%
OM growth 3Y24.62%
OM growth 5Y6.58%
PM growth 3Y26.95%
PM growth 5Y7.37%
GM growth 3Y11.02%
GM growth 5Y2.04%
F-Score8
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 1.6
Debt/EBITDA 1.16
Cap/Depr 48.77%
Cap/Sales 2.09%
Interest Coverage 250
Cash Conversion 80.5%
Profit Quality 109.75%
Current Ratio 2.66
Quick Ratio 1.43
Altman-Z 5.01
F-Score8
WACC8.82%
ROIC/WACC1.95
Cap/Depr(3y)59.73%
Cap/Depr(5y)76.77%
Cap/Sales(3y)1.96%
Cap/Sales(5y)2.77%
Profit Quality(3y)85.17%
Profit Quality(5y)74.31%
High Growth Momentum
Growth
EPS 1Y (TTM)17.76%
EPS 3Y39.88%
EPS 5Y16.3%
EPS Q2Q%1.81%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.26%
Revenue growth 3Y5.75%
Revenue growth 5Y4.93%
Sales Q2Q%-1.65%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y16.07%
EBIT growth 3Y31.78%
EBIT growth 5Y11.83%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y79.71%
FCF growth 3Y74.9%
FCF growth 5Y10.72%
OCF growth 1Y68.26%
OCF growth 3Y46.49%
OCF growth 5Y9.03%