NewMarket (NEU) Stock May Offer A 35% Discount To Cash Flow
NewMarket has delivered a powerful share-price run over the past few years, which puts a lot of weight on what its future cash flows are really worth. With the stock recently closing at US$870.60, the question is whether investors are paying a sensible price for the cash it may generate over time. The share price has climbed about 183.4% over 5 years, so a lot of long term value is now tied to how robust its cash flow outlook proves to be. The business relies on converting specialty chemical...
NewMarket has delivered a powerful share-price run over the past few years, which puts a lot of weight on what its future cash flows are really worth. With the stock recently closing at US$870.60, the question is whether investors are paying a sensible price for the cash it may generate over time. The share price has climbed about 183.4% over 5 years, so a lot of long term value is now tied to how robust its cash flow outlook proves to be. The business relies on converting specialty chemical...
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