Newmarket Corporation Stock Fair Value – Chart of the Day: NewMarket Corporation Soars
November 21, 2023
🌥️Trending News
NEWMARKET ($NYSE:NEU): Today’s Chart of the Day is NewMarket Corporation. The company is a diversified holding company that operates in multiple industries, including chemicals, energy, retail, and technology. The stock of NewMarket Corporation has been on a steady rise over the past week, and is currently trading at record highs. Since then, the company has grown to become a major player in the energy, retail, and technology industries. The company’s various subsidiaries are involved in a range of activities spanning from research and development to marketing and distribution. This diversified business model has allowed NewMarket Corporation to remain competitive in the ever-evolving global economy. The stock of NewMarket Corporation has been steadily rising for the past week, surpassing its previous record high.
Analysts attribute this increase to favorable market conditions and an increased demand for the company’s products and services. Investors have also noted that the company’s strong financial performance has contributed to the rise in its stock price. All in all, NewMarket Corporation is an industry leader that is positioned to benefit from the changing dynamics of the global economy. With a strong foothold in multiple industries, the company is well-positioned to capitalize on future opportunities. Analysts expect the stock of NewMarket Corporation to continue climbing in the coming weeks, as more investors look to capitalize on its potential for growth.
Market Price
On Thursday, NewMarket Corporation stock saw a slight dip in its closing price. The company opened trading at $510.0, but by the end of the day had dropped 0.1% to a closing price of $510.3. This was slightly lower than the previous day’s closing price of $510.6. Despite the small decline, NewMarket Corporation still managed to soar in the market compared to other companies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Newmarket Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.74k | 397.62 | 14.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Newmarket Corporation. More…
| Operations | Investing | Financing |
| 497.87 | -50.56 | -418.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Newmarket Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.29k | 1.32k | 101.35 |
Key Ratios Snapshot
Some of the financial key ratios for Newmarket Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.7% | 17.4% | 19.5% |
| FCF Margin | ROE | ROA |
| 16.3% | 35.7% | 14.6% |
Analysis – Newmarket Corporation Stock Fair Value
At GoodWhale, we conducted an analysis of NEWMARKET CORPORATION‘s wellbeing, and we found that the fair value of their share is around $422.5. We determined this value using our proprietary Valuation Line. Currently, NEWMARKET CORPORATION stock is being traded at $510.3, which is an overvaluation of 20.8%. It’s important to consider fair values when making investment decisions, as it can help to avoid potential losses in the future. More…
Peers
NewMarket Corporation is an American petroleum company that operates in the United States, Canada, and the United Kingdom. The company is engaged in the refining, marketing, and distribution of petroleum products and services. NewMarket Corporation’s competitors include Savita Oil Technologies Ltd, Innospec Inc, and Green Star Products Inc.
– Savita Oil Technologies Ltd ($BSE:524667)
Savita Oil Technologies Ltd is an Indian company that refines and markets petroleum products. The company has a market cap of 20.74B as of 2022 and a return on equity of 18.27%. Savita Oil Technologies Ltd is a publicly traded company listed on the Bombay Stock Exchange. The company was founded in 1995 and is headquartered in Mumbai, India.
– Innospec Inc ($NASDAQ:IOSP)
Innospec Inc is a publicly traded company with a market capitalization of $2.42 billion as of 2022. The company’s return on equity was 9.11% for the same year. Innospec Inc is engaged in the manufacture and sale of specialty chemicals. The company’s products are used in a variety of applications, including fuel additives, oilfield chemicals, and personal care products.
Summary
NEWMARKET Corporation is a leading US-based global energy provider. The company offers a full range of energy services, including oil and gas exploration and production, refining and marketing, power generation, and storage and distribution. NEWMARKET has a long history of success in the energy industry and is well-positioned to capitalize on the growing demand for energy services. Its portfolio of assets and its operational experience make it well-suited to capitalize on the potential of the sector.
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