NEU Stock Analysis: NewMarket | NYSE
Specialty Chemicals | NYSE, USA | Market Cap: 8.182m USD | 12M Return: 27.6% | US6515871076 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 113M
EPS Trend: -22.3%
Rev. Trend: 13.8%
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
NewMarket Corporation (NYSE: NEU) is a U.S.-based specialty chemicals company that, through its subsidiaries, manufactures and sells petroleum additives for global markets. Its product portfolio spans lubricant additives, engine oil additives for passenger and heavy-duty commercial applications, driveline additives, industrial additives, and fuel additives used by refineries, OEMs, governments, and individual customers. The company also markets antiknock compounds, performs contract manufacturing, and owns a real property in Virginia. It operates across North America, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and India. Founded in 1887 and headquartered in Richmond, Virginia, NewMarket trades as a mid-cap stock within the GICS Materials sector and the Specialty Chemicals sub-industry.
As a specialty chemicals producer, NewMarket operates in a niche segment of the broader petroleum value chain, supplying additive packages that improve lubricant performance, fuel efficiency, and emissions characteristics rather than producing base fuels or crude. Its business model is largely B2B, with customers concentrated among oil refiners, lubricant blenders, and engine and equipment manufacturers, which typically involves long product qualification cycles and recurring demand from existing formulations.
- Stricter emissions standards boost lubricant additive demand globally
- Petroleum additive margins pressured by raw material cost volatility
- Heavy-duty commercial and marine segments drive volume growth
| Net Income: 433.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -2.67 > 1.0 |
| NWC/Revenue: 23.32% < 20% (prev 23.96%; Δ -0.63% < -1%) |
| CFO/TA 0.17 > 3% & CFO 598.8m > Net Income 433.4m |
| Net Debt (931.4m) to EBITDA (671.4m): 1.39 < 3 |
| Current Ratio: 2.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (9.40m) vs 12m ago 0.02% < -2% |
| Gross Margin: 31.49% > 18% (prev 32.69%; Δ -1.20% > 0.5%) |
| Asset Turnover: 80.48% > 50% (prev 86.99%; Δ -6.52% > 0%) |
| Interest Coverage Ratio: 16.92 > 6 (EBIT TTM 606.6m / Interest Expense TTM 35.8m) |
| A: 0.18 (Total Current Assets 1.15b - Total Current Liabilities 510.8m) / Total Assets 3.62b |
| B: 0.48 (Retained Earnings 1.74b / Total Assets 3.62b) |
| C: 0.18 (EBIT TTM 606.6m / Avg Total Assets 3.41b) |
| D: 1.03 (Book Value of Equity 1.84b / Total Liabilities 1.78b) |
| Altman-Z'' = 5.00 = AAA |
| DSRI: 1.07 (Receivables 480.7m/453.7m, Revenue 2.74b/2.78b) |
| GMI: 1.04 (GM 32.69% / 31.49%) |
| AQI: 1.07 (AQ_t 0.44 / AQ_t-1 0.41) |
| SGI: 0.99 (Revenue 2.74b / 2.78b) |
| TATA: -0.05 (NI 433.4m - CFO 598.8m) / TA 3.62b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of August 15, 2026, the stock is trading at USD 961.92 with a total of 132,761 shares traded. Over the past week, the price has changed by +8.12%, over one month by +31.11%, over three months by +39.33% and over the past year by +27.55%.
Current recommended Stop Loss: 928.50 (which is 3.5% or 1.3 ATR below the current price).
NewMarket has no consensus analysts rating.
| Analysts Target Price | 450 | -53.2% |
P/E Trailing = 19.1583
P/E Forward = 22.5225
P/S = 2.9834
P/B = 4.4508
P/EG = 5.6368
Revenue TTM = 2.74b USD
EBIT TTM = 606.6m USD
EBITDA TTM = 671.4m USD
Long Term Debt = 854.8m USD (from longTermDebt, last quarter)
Short Term Debt = 18.0m USD (from shortTermDebt, last quarter)
Debt = 1.03b USD (from shortLongTermDebtTotal, last quarter) + Leases 85.1m
Net Debt = 931.4m USD (calculated: Debt 1.03b - CCE 93.6m)
Enterprise Value = 9.11b USD (8.18b + Debt 1.03b - CCE 93.6m)
Interest Coverage Ratio = 16.92 (Ebit TTM 606.6m / Interest Expense TTM 35.8m)
EV/FCF = 18.28x (Enterprise Value 9.11b / FCF TTM 498.7m)
FCF Yield = 5.47% (FCF TTM 498.7m / Enterprise Value 9.11b)
FCF Margin = 18.18% (FCF TTM 498.7m / Revenue TTM 2.74b)
Net Margin = 15.80% (Net Income TTM 433.4m / Revenue TTM 2.74b)
Gross Margin = 31.49% ((Revenue TTM 2.74b - Cost of Revenue TTM 1.88b) / Revenue TTM)
Gross Margin QoQ = 32.45% (prev 32.98%)
Tobins Q-Ratio = 2.52 (Enterprise Value 9.11b / Total Assets 3.62b)
Interest Expense / Debt = 3.50% (Interest Expense 35.8m / Debt 1.03b)
Taxrate = 24.07% (137.4m / 570.8m)
NOPAT = 460.6m (EBIT 606.6m * (1 - 24.07%))
Current Ratio = 2.25 (Total Current Assets 1.15b / Total Current Liabilities 510.8m)
Debt / Equity = 0.56 (Debt 1.03b / totalStockholderEquity, last quarter 1.84b)
Debt / EBITDA = 1.39 (Net Debt 931.4m / EBITDA 671.4m)
Debt / FCF = 1.87 (Net Debt 931.4m / FCF TTM 498.7m)
Total Stockholder Equity = 1.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.72% (Net Income 433.4m / Total Assets 3.62b)
RoE = 24.63% (Net Income TTM 433.4m / Total Stockholder Equity 1.76b)
RoCE = 23.20% (EBIT 606.6m / Capital Employed (Equity 1.76b + L.T.Debt 854.8m))
RoIC = 15.18% (NOPAT 460.6m / Invested Capital 3.03b)
WACC = 7.36% (E(8.18b)/V(9.21b) * Re(7.95%) + D(1.03b)/V(9.21b) * Rd(3.50%) * (1-Tc(0.24)))
Discount Rate = 7.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.83 | Cagr: -0.75%
[DCF] Terminal Value 74.73% ; FCFF base≈509.2m ; Y1≈489.8m ; Y5≈476.1m
[DCF] Fair Price = 711.5 (EV 7.47b - Net Debt 931.4m = Equity 6.54b / Shares 9.20m; r=8.35% [WACC [floored]]; 5y FCF grow -5.03% → 2.50% )
EPS Correlation: -22.29 | EPS CAGR: -2.79% | SUE: N/A | # QB: 0
Revenue Correlation: 13.80 | Revenue CAGR: 0.20% | SUE: N/A | # QB: 0