# NewMarket Corp (NEU) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Chemicals. Price $885.00, market value $8.1 billion.

## Valuation
- **P/E (trailing): 19.0×** (5-yr avg 13.4×, 3-yr avg 13.0×). NewMarket Corp trades at 19.0× trailing earnings, well above its own five-year average of 13.4×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 34.3×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 3.0×**. Each dollar of revenue is priced at 3.0×.
- **Price / book: 4.4×**. The shares trade at 4.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 13.2×**. Enterprise value is 13.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.8%** (5-yr avg 6.4%). Free cash flow equals 5.8% of the market value, in line with its five-year average of 6.4%. Above 5% is generally attractive.
- **Earnings yield: 5.2%**. The inverse of the P/E: 5.2% of the price is earned each year.

## Profitability
- **Gross margin: 31.5%**. NewMarket Corp keeps 31.5% of revenue after the direct cost of what it sells.
- **Operating margin: 20.0%**. 20.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 15.4%**. 15.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 23.5%**. 23.5% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 16.7%**. Return on all capital, debt included, is 16.7%: comfortably above what that capital costs.
- **Return on assets: 12.4%**. Each dollar of assets produces 12.4% of profit.

## Growth
- **Revenue growth (1 yr): -2.2%** (3-yr -0.5%/yr, 5-yr 6.3%/yr). Revenue fell 2.2% over the last year, against 6.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -7.8%** (3-yr 17.0%/yr, 5-yr 12.5%/yr). Earnings per share fell 7.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 110.8%/yr**. Free cash flow has compounded at 110.8% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.50**. Debt is 0.50 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.2×**. It would take 1.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 4.86**. A Z-score of 4.86 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.36%** ($11.75 per share, trailing). NewMarket Corp yields 1.36%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 25%** (23% of free cash flow). 25% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 20**. 20 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 8.2%/yr** (1-yr 12.5%). The dividend has grown 8.2% a year over five years.

## Price and momentum
- **Total return (1 yr): 9.6%** (YTD 29.9%, 3-mo 12.4%). The shares are up 9.6% over twelve months including dividends.
- **From 52-week high: -9.8%** (52.6% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 0.64** (volatility 33%). Beta of 0.64 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NEU · Page: https://foliofundamentals.com/stocks/neu

Not investment advice.