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Last update at 2024-07-25T16:55:00Z
Here's Why We Think NewMarket (NYSE:NEU) Might Deserve Your Attention Today
Mon 22 Jul 24, 10:34 AMHere’s Why NewMarket Corporation (NEU) Surged in Q2
Thu 11 Jul 24, 06:38 AM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 347.73M | 247.55M | 331.29M | 331.59M | 290.29M |
| Minority interest | - | - | - | - | 0.00000M |
| Net income | 279.54M | 190.91M | 270.57M | 254.29M | 234.73M |
| Selling general administrative | 145.11M | 145.97M | 142.86M | 148.08M | 152.40M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 640.50M | 547.71M | 595.03M | 629.87M | 585.36M |
| Reconciled depreciation | 82.28M | 84.32M | 84.00M | 87.56M | 71.76M |
| Ebit | 355.14M | 257.78M | 311.80M | 337.32M | 317.01M |
| Ebitda | 472.77M | 366.09M | 441.62M | 448.39M | 388.77M |
| Depreciation and amortization | 117.63M | 108.31M | 129.81M | 111.07M | 71.76M |
| Non operating income net other | 27.80M | 23.99M | 45.81M | 23.51M | 24.33M |
| Operating income | 355.14M | 257.78M | 311.80M | 337.32M | 292.67M |
| Other operating expenses | 2409.66M | 2098.33M | 1699.13M | 1852.97M | 1997.00M |
| Interest expense | 35.20M | 34.22M | 26.33M | 29.24M | 26.72M |
| Tax provision | 68.20M | 56.64M | 60.72M | 77.30M | 55.55M |
| Interest income | 35.20M | 34.22M | 26.33M | 29.24M | 26.72M |
| Net interest income | -35.20200M | -34.21800M | -26.32800M | -29.24100M | -26.72300M |
| Extraordinary items | - | - | - | - | 6.00M |
| Non recurring | - | - | - | - | 0.00000M |
| Other items | - | - | - | - | 0.00000M |
| Income tax expense | 68.20M | 56.64M | 60.72M | 77.30M | 55.55M |
| Total revenue | 2764.80M | 2356.11M | 2010.93M | 2190.30M | 2289.68M |
| Total operating expenses | 285.36M | 289.93M | 283.23M | 292.55M | 292.69M |
| Cost of revenue | 2124.30M | 1808.40M | 1415.90M | 1560.43M | 1704.31M |
| Total other income expense net | -7.40500M | -10.23100M | 19.48M | -5.73100M | 24.33M |
| Discontinued operations | - | - | - | - | 0.00000M |
| Net income from continuing ops | 279.54M | 190.91M | 270.57M | 254.29M | 234.73M |
| Net income applicable to common shares | 279.54M | 190.91M | 270.57M | 254.29M | 234.73M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 2406.82M | 2558.44M | 1933.88M | 1885.13M | 1697.27M |
| Intangible assets | 2.41M | 3.83M | 5.99M | 8.89M | 13.10M |
| Earning assets | - | - | - | - | - |
| Other current assets | 13.56M | 15.11M | 15.47M | 8.26M | 4.83M |
| Total liab | 1644.41M | 1796.31M | 1174.05M | 1202.03M | 1207.37M |
| Total stockholder equity | 762.41M | 762.13M | 759.82M | 683.10M | 489.91M |
| Deferred long term liab | 1.09M | 54.73M | 42.31M | 1.51M | 2.06M |
| Other current liab | 135.03M | 7.65M | 11.74M | 8.89M | 119.67M |
| Common stock | - | 0.00000M | 0.72M | 1.97M | 0.00000M |
| Capital stock | 0.00000M | 0.00000M | 0.72M | 1.97M | 0.00000M |
| Retained earnings | 834.40M | 844.36M | 932.27M | 843.88M | 671.22M |
| Other liab | 147.39M | 228.78M | 214.42M | 192.29M | 165.07M |
| Good will | 123.66M | 123.92M | 123.96M | 122.99M | 122.94M |
| Other assets | 326.32M | 297.34M | 240.71M | 165.07M | 103.68M |
| Cash | 68.71M | 83.30M | 125.17M | 144.40M | 73.04M |
| Cash and equivalents | 68.71M | 83.30M | 125.17M | 144.40M | 73.04M |
| Total current liabilities | 423.89M | 725.09M | 312.45M | 308.89M | 271.30M |
| Current deferred revenue | - | 106.19M | 97.37M | 107.20M | - |
| Net debt | 997.56M | 1124.28M | 535.41M | 559.37M | 697.96M |
| Short term debt | 15.57M | 365.14M | 13.41M | 14.04M | 0.00000M |
| Short long term debt | - | 349.43M | - | - | 0.00000M |
| Short long term debt total | 1066.27M | 1207.59M | 660.58M | 703.77M | 771.00M |
| Other stockholder equity | -71.99500M | -82.22700M | -173.16400M | 0.25M | -0.31600M |
| Property plant equipment | 660.00M | 745.17M | 665.15M | 635.44M | 644.14M |
| Total current assets | 1192.12M | 1388.17M | 898.08M | 879.40M | 813.42M |
| Long term investments | - | - | - | - | 0.00000M |
| Net tangible assets | 636.34M | 634.38M | 629.88M | 551.22M | 353.87M |
| Short term investments | 0.00000M | 375.92M | - | - | 0.00000M |
| Net receivables | 453.69M | 391.78M | 336.39M | 335.83M | 314.86M |
| Long term debt | 1003.74M | 789.85M | 598.85M | 642.94M | 765.81M |
| Inventory | 631.38M | 498.54M | 401.03M | 365.94M | 396.34M |
| Accounts payable | 273.29M | 246.10M | 189.94M | 178.77M | 151.63M |
| Total permanent equity | - | - | - | - | 0.00000M |
| Noncontrolling interest in consolidated entity | - | - | - | - | 0.00000M |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | 0.00000M |
| Accumulated other comprehensive income | -71.99500M | -82.22700M | -173.16400M | -162.74800M | -181.31600M |
| Additional paid in capital | - | - | - | - | 0.00000M |
| Common stock total equity | - | - | 0.72M | 1.97M | 0.00000M |
| Preferred stock total equity | - | - | - | - | 0.00000M |
| Retained earnings total equity | 834.40M | 844.36M | 932.27M | 843.88M | 671.22M |
| Treasury stock | - | - | - | - | 0.00000M |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 362.63M | 4.80M | 5.55M | 4.90M | 9.88M |
| Deferred long term asset charges | - | - | - | - | 5.09M |
| Non current assets total | 1214.69M | 1170.26M | 1035.80M | 1005.73M | 883.85M |
| Capital lease obligations | 62.54M | 68.30M | 61.73M | 71.95M | 5.19M |
| Long term debt total | 1003.74M | 789.85M | 598.85M | 642.94M | 771.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 315.89M | -382.47700M | -74.24300M | -59.43400M | -60.03100M |
| Change to liabilities | 51.13M | 54.73M | 0.37M | 14.70M | -39.53800M |
| Total cashflows from investing activities | 315.89M | -461.41100M | -74.24300M | -59.43400M | -60.03100M |
| Net borrowings | -144.09900M | 543.05M | -44.67800M | -123.45100M | 168.13M |
| Total cash from financing activities | -435.83200M | 255.13M | -231.46300M | -205.12700M | -144.33500M |
| Change to operating activities | -12.10700M | -116.35500M | -54.08900M | -17.37200M | -9.46700M |
| Net income | 279.54M | 190.91M | 270.57M | 254.29M | 234.73M |
| Change in cash | -14.59200M | -41.86800M | -19.22500M | 71.36M | -11.12600M |
| Begin period cash flow | 83.30M | 125.17M | 144.40M | 73.04M | 84.17M |
| End period cash flow | 68.71M | 83.30M | 125.17M | 144.40M | 73.04M |
| Total cash from operating activities | 115.32M | 165.34M | 284.15M | 344.06M | 206.75M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 82.28M | 84.32M | 84.00M | 87.56M | 71.76M |
| Other cashflows from investing activities | 372.06M | -382.47700M | 19.07M | -16.48300M | 14.61M |
| Dividends paid | -84.26300M | -85.91000M | -83.41700M | -81.67600M | 80.45M |
| Change to inventory | -166.55800M | -96.19900M | -33.11100M | 31.88M | -29.67200M |
| Change to account receivables | -73.08900M | -53.99000M | 2.59M | -22.58700M | -547.22100M |
| Sale purchase of stock | -207.47000M | -196.22000M | -101.43400M | 0.00000M | -232.01600M |
| Other cashflows from financing activities | 213.00M | 537.26M | -1.93400M | -59.43400M | 168.13M |
| Change to netincome | -51.54400M | -0.92400M | -16.32700M | -9.39700M | -59.07300M |
| Capital expenditures | 56.17M | 78.93M | 93.32M | 59.43M | 74.64M |
| Change receivables | -73.08900M | -53.99000M | 2.59M | -22.58700M | 14.10M |
| Cash flows other operating | -13.13900M | -13.45500M | -23.93900M | -19.23800M | 5.61M |
| Exchange rate changes | - | -0.92600M | 2.33M | 1.66M | -3.57900M |
| Cash and cash equivalents changes | -14.84700M | -41.86800M | -19.22500M | 71.36M | -11.12600M |
| Change in working capital | -204.63600M | -116.35500M | -54.08900M | 4.76M | -54.41200M |
| Stock based compensation | - | 7.44M | -16.48300M | - | 4.90M |
| Other non cash items | 0.77M | -2.95500M | -7.39800M | -9.93200M | -64.75600M |
| Free cash flow | 59.15M | 86.40M | 190.84M | 284.63M | 132.12M |
Sector: Basic Materials Industry: Specialty Chemicals
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NEU NewMarket Corporation |
12.71 2.34% | 556.13 | 13.51 | - | 1.92 | 5.42 | 2.19 | 9.83 |
| LIN Linde plc Ordinary Shares |
3.02 0.68% | 446.78 | 33.77 | 28.90 | 6.56 | 5.42 | 7.03 | 18.92 |
| AIQUY Air Liquide SA ADR |
0.13 0.36% | 35.87 | 29.34 | 24.57 | 3.42 | 3.95 | 3.87 | 15.91 |
| AIQUF L'Air Liquide S.A |
0.0025 0.0014% | 178.56 | 29.39 | 24.69 | 3.41 | 3.97 | 3.87 | 15.91 |
| SHW Sherwin-Williams Co |
14.62 4.40% | 346.64 | 33.33 | 27.40 | 3.38 | 20.60 | 3.88 | 21.36 |
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. 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 marketing of antiknock compounds, 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.
330 South Fourth Street, Richmond, VA, United States, 23219-4350
| Name | Title | Year Born |
|---|---|---|
| Mr. Thomas E. Gottwald | Chairman, Pres & CEO | 1961 |
| Mr. Brian D. Paliotti | VP & CFO | 1977 |
| Mr. Bruce R. Hazelgrove III | Exec. VP & Chief Admin. Officer | 1961 |
| Mr. Bryce Dickinson Jewett III | VP & Gen. Counsel | 1975 |
| Ms. Regina Anne Harm | Pres of Afton Chemical Corp. | 1965 |
| Mr. William J. Skrobacz | Principal Accounting Officer & Controller | 1960 |
| Mr. Cameron D. Warner Jr. | Treasurer | 1959 |
| Ms. Anne-Marie Anderson | Corp. Sec. | NA |
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