Newmarket Stock Z Score

NEU Stock

USD 544.41 1.76 0.32%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out NewMarket Piotroski F Score and NewMarket Valuation analysis.

For more information on how to buy NewMarket Stock please use our How to Invest in NewMarket guide.

At this time, NewMarket's Net Working Capital is comparatively stable compared to the past year. Capital Stock is likely to gain to about 2.2 M in 2024, whereas Long Term Debt To Capitalization is likely to drop 0.37 in 2024. At this time, NewMarket's Interest Expense is comparatively stable compared to the past year. EBIT is likely to gain to about 507.2 M in 2024, whereas Gross Profit is likely to drop slightly above 450 M in 2024.

NewMarket Company Z Score Analysis

NewMarket's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

NewMarket Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for NewMarket is extremely important. It helps to project a fair market value of NewMarket Stock properly, considering its historical fundamentals such as Z Score. Since NewMarket's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NewMarket's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NewMarket's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Long Term Debt	Good Will	Short Term Investments	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital
Total Assets		0.61	0.9	0.82	0.81	0.92	0.79	-0.08	-0.51	0.92	-0.07	0.84	0.8	0.11	0.85	0.29	0.72	0.84	0.53	-0.36	0.08	-0.81	0.87	0.82
Total Stockholder Equity	0.61		0.36	0.63	0.33	0.44	0.18	-0.31	-0.3	0.4	0.18	0.25	0.62	-0.53	0.38	-0.19	0.76	0.5	0.16	0.12	0.1	-0.62	0.72	0.72
Net Debt	0.9	0.36		0.55	0.73	0.97	0.78	-0.07	-0.51	0.86	-0.16	0.92	0.75	0.31	0.81	0.28	0.41	0.78	0.53	-0.52	-0.12	-0.79	0.8	0.75
Retained Earnings	0.82	0.63	0.55		0.7	0.58	0.55	-0.22	-0.36	0.75	-0.02	0.55	0.68	-0.14	0.8	0.32	0.83	0.72	0.39	-0.16	0.2	-0.64	0.59	0.57
Net Receivables	0.81	0.33	0.73	0.7		0.77	0.88	0.05	-0.66	0.95	-0.48	0.8	0.62	0.01	0.78	0.65	0.63	0.89	0.29	-0.44	0.1	-0.7	0.73	0.75
Total Liab	0.92	0.44	0.97	0.58	0.77		0.83	0.0	-0.63	0.89	-0.25	0.91	0.81	0.23	0.82	0.34	0.5	0.81	0.55	-0.57	-0.11	-0.81	0.86	0.81
Total Current Assets	0.79	0.18	0.78	0.55	0.88	0.83		0.36	-0.65	0.91	-0.5	0.74	0.52	0.37	0.71	0.64	0.55	0.72	0.58	-0.5	0.12	-0.56	0.74	0.64
Short Term Debt	-0.08	-0.31	-0.07	-0.22	0.05	0.0	0.36		-0.12	0.05	-0.23	-0.14	-0.27	0.47	-0.18	0.4	-0.06	-0.19	0.31	-0.18	0.18	0.21	-0.02	-0.2
Intangible Assets	-0.51	-0.3	-0.51	-0.36	-0.66	-0.63	-0.65	-0.12		-0.65	0.67	-0.58	-0.55	0.19	-0.58	-0.67	-0.37	-0.71	-0.3	0.74	0.32	0.53	-0.6	-0.61
Accounts Payable	0.92	0.4	0.86	0.75	0.95	0.89	0.91	0.05	-0.65		-0.33	0.87	0.69	0.14	0.83	0.53	0.67	0.87	0.47	-0.5	0.12	-0.73	0.81	0.8
Common Stock	-0.07	0.18	-0.16	-0.02	-0.48	-0.25	-0.5	-0.23	0.67	-0.33		-0.25	-0.27	0.02	-0.34	-0.74	-0.05	-0.36	-0.14	0.55	0.23	0.25	-0.17	-0.17
Long Term Debt	0.84	0.25	0.92	0.55	0.8	0.91	0.74	-0.14	-0.58	0.87	-0.25		0.75	0.18	0.83	0.44	0.33	0.85	0.32	-0.63	-0.24	-0.78	0.65	0.7
Good Will	0.8	0.62	0.75	0.68	0.62	0.81	0.52	-0.27	-0.55	0.69	-0.27	0.75		-0.15	0.85	0.28	0.49	0.77	0.36	-0.5	-0.24	-0.93	0.67	0.69
Short Term Investments	0.11	-0.53	0.31	-0.14	0.01	0.23	0.37	0.47	0.19	0.14	0.02	0.18	-0.15		0.07	0.07	-0.18	-0.22	0.57	-0.21	0.2	0.2	-0.05	-0.21
Property Plant Equipment	0.85	0.38	0.81	0.8	0.78	0.82	0.71	-0.18	-0.58	0.83	-0.34	0.83	0.85	0.07		0.54	0.5	0.86	0.46	-0.58	-0.22	-0.82	0.62	0.57
Current Deferred Revenue	0.29	-0.19	0.28	0.32	0.65	0.34	0.64	0.4	-0.67	0.53	-0.74	0.44	0.28	0.07	0.54		0.14	0.56	0.13	-0.63	-0.25	-0.31	0.17	0.12
Net Tangible Assets	0.72	0.76	0.41	0.83	0.63	0.5	0.55	-0.06	-0.37	0.67	-0.05	0.33	0.49	-0.18	0.5	0.14		0.53	0.38	0.06	0.44	-0.46	0.73	0.71
Long Term Debt Total	0.84	0.5	0.78	0.72	0.89	0.81	0.72	-0.19	-0.71	0.87	-0.36	0.85	0.77	-0.22	0.86	0.56	0.53		0.19	-0.47	-0.22	-0.86	0.75	0.78
Deferred Long Term Liab	0.53	0.16	0.53	0.39	0.29	0.55	0.58	0.31	-0.3	0.47	-0.14	0.32	0.36	0.57	0.46	0.13	0.38	0.19		-0.35	0.2	-0.27	0.46	0.26
Accumulated Depreciation	-0.36	0.12	-0.52	-0.16	-0.44	-0.57	-0.5	-0.18	0.74	-0.5	0.55	-0.63	-0.5	-0.21	-0.58	-0.63	0.06	-0.47	-0.35		0.47	0.42	-0.24	-0.26
Short Long Term Debt	0.08	0.1	-0.12	0.2	0.1	-0.11	0.12	0.18	0.32	0.12	0.23	-0.24	-0.24	0.2	-0.22	-0.25	0.44	-0.22	0.2	0.47		0.32	0.1	0.08
Cash And Equivalents	-0.81	-0.62	-0.79	-0.64	-0.7	-0.81	-0.56	0.21	0.53	-0.73	0.25	-0.78	-0.93	0.2	-0.82	-0.31	-0.46	-0.86	-0.27	0.42	0.32		-0.74	-0.75
Net Invested Capital	0.87	0.72	0.8	0.59	0.73	0.86	0.74	-0.02	-0.6	0.81	-0.17	0.65	0.67	-0.05	0.62	0.17	0.73	0.75	0.46	-0.24	0.1	-0.74		0.94
Net Working Capital	0.82	0.72	0.75	0.57	0.75	0.81	0.64	-0.2	-0.61	0.8	-0.17	0.7	0.69	-0.21	0.57	0.12	0.71	0.78	0.26	-0.26	0.08	-0.75	0.94

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict NewMarket

Based on the company's disclosures, NewMarket has a Z Score of 0.0. This is 100.0% lower than that of the Chemicals sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

NewMarket ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NewMarket's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NewMarket's managers, analysts, and investors.

Environmental

Governance

Social

NewMarket Institutional Holders

Institutional Holdings refers to the ownership stake in NewMarket that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NewMarket's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing NewMarket's value.

		Shares
Geode Capital Management, Llc	2024-09-30	122.7 K
Morgan Stanley - Brokerage Accounts	2024-06-30	101.7 K
Bank Of New York Mellon Corp	2024-06-30	85.7 K
Norges Bank	2024-06-30	79.9 K
Aqr Capital Management Llc	2024-06-30	79.8 K
Charles Schwab Investment Management Inc	2024-09-30	78.7 K
Northern Trust Corp	2024-09-30	64.7 K
Davenport & Company Llc	2024-09-30	51.8 K
Jpmorgan Chase & Co	2024-06-30	49.9 K
Bank Of America Corp	2024-06-30	1.1 M
Vanguard Group Inc	2024-09-30	722.4 K

NewMarket Fundamentals

	Return On Equity	0.37
	Return On Asset	0.14
	Profit Margin	0.16 %
	Operating Margin	0.25 %
	Current Valuation	6.3 B
	Shares Outstanding	9.6 M
	Shares Owned By Insiders	20.42 %
	Shares Owned By Institutions	64.30 %
	Number Of Shares Shorted	80.06 K
	Price To Earning	13.63 X
	Price To Book	3.83 X
	Price To Sales	1.88 X
	Revenue	2.7 B
	Gross Profit	640.5 M
	EBITDA	483.05 M
	Net Income	388.86 M
	Cash And Equivalents	68.71 M
	Cash Per Share	7.29 X
	Total Debt	733.6 M
	Debt To Equity	1.61 %
	Current Ratio	2.76 X
	Book Value Per Share	142.19 X
	Cash Flow From Operations	576.82 M
	Short Ratio	3.34 X
	Earnings Per Share	45.08 X
	Price To Earnings To Growth	5.09 X
	Target Price	450.0
	Number Of Employees	2 K
	Beta	0.51
	Market Capitalization	5.22 B
	Total Asset	2.31 B
	Retained Earnings	1.1 B
	Working Capital	675.41 M
	Current Asset	768.39 M
	Current Liabilities	263.68 M
	Annual Yield	0.02 %
	Five Year Return	1.98 %
	Net Asset	2.31 B
	Last Dividend Paid	9.75

About NewMarket Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NewMarket's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NewMarket using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NewMarket based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When running NewMarket's price analysis, check to measure NewMarket's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NewMarket is operating at the current time. Most of NewMarket's value examination focuses on studying past and present price action to predict the probability of NewMarket's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewMarket's price. Additionally, you may evaluate how the addition of NewMarket to your portfolios can decrease your overall portfolio volatility.

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Newmarket Stock Z Score

NewMarket Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

NewMarket Z Score Driver Correlations

NewMarket ESG Sustainability

NewMarket Institutional Holders

NewMarket Fundamentals

About NewMarket Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for NewMarket Stock Analysis

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