Financials NewMarket Corporation

Equities

NEU

US6515871076

Commodity Chemicals

Real-time Estimate Cboe BZX 17:06:56 08/05/2024 BST 5-day change 1st Jan Change
563.1 USD +0.13% Intraday chart for NewMarket Corporation +6.39% +3.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,699 5,444 4,350 3,587 3,071 5,235
Enterprise Value (EV) 1 5,397 6,017 4,898 4,364 4,094 5,859
P/E ratio 20.3 x 21.4 x 16.2 x 19.4 x 11.2 x 13.5 x
Yield 1.7% 1.5% 1.91% 2.33% 2.7% 1.62%
Capitalization / Revenue 2.05 x 2.49 x 2.16 x 1.52 x 1.11 x 1.94 x
EV / Revenue 2.36 x 2.75 x 2.44 x 1.85 x 1.48 x 2.17 x
EV / EBITDA 14.1 x 13.4 x 11.6 x 11.9 x 8.65 x 9.79 x
EV / FCF 38.3 x 22.9 x 31.7 x 64.6 x 39.2 x 12.4 x
FCF Yield 2.61% 4.37% 3.15% 1.55% 2.55% 8.06%
Price to Book 9.41 x 7.97 x 5.72 x 4.66 x 3.96 x 4.86 x
Nbr of stocks (in thousands) 11,404 11,189 10,921 10,467 9,871 9,590
Reference price 2 412.1 486.5 398.3 342.7 311.1 545.8
Announcement Date 19/02/19 18/02/20 16/02/21 15/02/22 15/02/23 15/02/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,290 2,190 2,011 2,356 2,765 2,698
EBITDA 1 383.3 447.8 421.4 368.1 473 598.2
EBIT 1 311.6 360.2 337.4 283.8 390.7 520.2
Operating Margin 13.61% 16.45% 16.78% 12.05% 14.13% 19.28%
Earnings before Tax (EBT) 1 290.3 331.6 331.3 247.6 347.7 489
Net income 1 234.7 254.3 270.6 190.9 279.5 388.9
Net margin 10.25% 11.61% 13.45% 8.1% 10.11% 14.41%
EPS 2 20.34 22.73 24.64 17.71 27.77 40.44
Free Cash Flow 1 140.8 262.9 154.3 67.55 104.4 472
FCF margin 6.15% 12% 7.67% 2.87% 3.77% 17.49%
FCF Conversion (EBITDA) 36.72% 58.71% 36.61% 18.35% 22.06% 78.9%
FCF Conversion (Net income) 59.97% 103.38% 57.02% 35.38% 37.33% 121.38%
Dividend per Share 2 7.000 7.300 7.600 8.000 8.400 8.850
Announcement Date 19/02/19 18/02/20 16/02/21 15/02/22 15/02/23 15/02/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 698 574 548 776 1,023 624
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.821 x 1.281 x 1.299 x 2.109 x 2.162 x 1.044 x
Free Cash Flow 1 141 263 154 67.5 104 472
ROE (net income / shareholders' equity) 43% 43.4% 37.5% 25.1% 36.7% 42.3%
ROA (Net income/ Total Assets) 11.4% 12.6% 11% 7.9% 9.84% 13.8%
Assets 1 2,055 2,023 2,450 2,417 2,842 2,820
Book Value Per Share 2 43.80 61.10 69.60 73.50 78.60 112.0
Cash Flow per Share 2 6.530 12.90 11.50 8.040 7.080 11.70
Capex 1 74.6 59.4 93.3 78.9 56.2 48.3
Capex / Sales 3.26% 2.71% 4.64% 3.35% 2.03% 1.79%
Announcement Date 19/02/19 18/02/20 16/02/21 15/02/22 15/02/23 15/02/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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