-0.03%
13.15%
3.65%
1.00%
-10.91%
77.05%
39.11%
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Company Description

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives business.The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.It also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to industry, government, original equipment manufacturers, and individual customers.


In addition, the company engages in the antiknock compounds business, as well as contracted manufacturing and services activities; and owns and manages a real property in Virginia.It operates in North America, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and India.NewMarket Corporation was founded in 1887 and is headquartered in Richmond, Virginia.

Market Data

Last Price 562.58
Change Percentage -0.03%
Open 562.13
Previous Close 562.73
Market Cap ( Millions) 5358
Volume 40680
Year High 650
Year Low 480
M A 50 518.87
M A 200 535.9

Financial Ratios

FCF Yield 8.63%
Dividend Yield 1.78%
ROE 35.48%
Debt / Equity 72.46%
Net Debt / EBIDTA 129.42%
Price To Book 3.68
Price Earnings Ratio 11.63
Price To FCF 11.59
Price To sales 1.92
EV / EBITDA 8.36

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Petroleum Additives

Expected Growth : 4.5 %

What the company do ?

Petroleum additives from NewMarket Corporation are chemical formulations that enhance the performance of fuels and lubricants, improving efficiency, cleanliness, and overall engine performance.

Why we expect these perspectives ?

Growing demand for high-performance fuels and lubricants, increasing adoption of electric vehicles, and stringent emissions regulations drive the growth of petroleum additives market.

Segment nΒ°2 -> All Other

Expected Growth : 4.5 %

What the company do ?

All Other from NewMarket Corporation refers to the remaining business segments not classified under Petroleum Additives or Fuel Additives.

Why we expect these perspectives ?

The All Other segment, comprising lubricant and fuel ingredient businesses, is expected to grow driven by increasing demand for high-performance lubricants, expansion into new markets, and strategic partnerships.

Newmarket Corporation Products

Product Range What is it ?
Petroleum Additives NewMarket Corporation's petroleum additives are used to enhance the performance of fuels and lubricants, improving fuel efficiency, reducing emissions, and extending the life of engines and equipment.
Fuel Additives NewMarket Corporation's fuel additives are designed to improve fuel efficiency, reduce emissions, and enhance fuel stability, making them ideal for use in gasoline, diesel, and alternative fuels.
Lubricant Additives NewMarket Corporation's lubricant additives are used to enhance the performance of lubricants, reducing wear and tear on engines and equipment, and improving fuel efficiency.
Specialty Chemicals NewMarket Corporation's specialty chemicals are used in a variety of applications, including the manufacturing of fuels, lubricants, and other industrial products.

NewMarket Corporation's Porter Forces

NewMarket Corporation operates in the petroleum additives industry, which has a moderate threat of substitutes. While there are some substitutes available, they are not as effective as NewMarket's products, and the company's strong brand recognition and customer loyalty help to mitigate the threat.

NewMarket Corporation's customers are largely industrial companies, which have limited bargaining power due to their dependence on the company's products. Additionally, the company's strong relationships with its customers and its ability to provide customized solutions help to reduce the bargaining power of customers.

NewMarket Corporation relies on a few key suppliers for its raw materials, which gives them some bargaining power. However, the company's strong relationships with its suppliers and its ability to negotiate contracts help to mitigate this threat.

The petroleum additives industry has high barriers to entry, including significant capital requirements and the need for specialized expertise. Additionally, NewMarket Corporation's strong brand recognition and customer loyalty make it difficult for new entrants to gain traction in the market.

The petroleum additives industry is highly competitive, with several established players competing for market share. NewMarket Corporation faces intense competition from companies such as Afton Chemical and Chevron Oronite, which can lead to pricing pressure and reduced market share.

Capital Structure

Value
Debt Weight 40.52%
Debt Cost 6.40%
Equity Weight 59.48%
Equity Cost 6.51%
WACC 6.47%
Leverage 68.11%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
OLN Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali …
IOSP Innospec Inc. develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties …
RPM RPM International Inc. manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional roofing systems; sealants, air barriers, tapes, and …
CBT Cabot Corporation operates as a specialty chemicals and performance materials company. It operates through three segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. The company offers reinforcing carbons used in …
BCPC Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets in the United States …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
562.58$
Current Price
562.58$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

ValueQualityYieldMomentumVolatilityGrowth
Company A-Score: 5.50Peer Group Average: 5.80Leader: 6.70

Peers Group Analysis

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