Bekanntmachung • May 02
Methanex Corporation Declares Quarterly Dividend, Payable on June 30, 2026 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.185 per share. The dividend will be payable on June 30, 2026, to holders of common shares of record on June 16, 2026. Bekanntmachung • Mar 10
Methanex Corporation to Report Q1, 2026 Results on Apr 29, 2026 Methanex Corporation announced that they will report Q1, 2026 results at 5:00 PM, US Eastern Standard Time on Apr 29, 2026 Bekanntmachung • Mar 06
Methanex Corporation Provides Production Guidance for the Year 2026 Methanex Corporation provided production guidance for the year 2026. For the year, the company expects production to be approximately 9.0 million tonnes (Methanex interest) of methanol and 0.3 million tonnes of ammonia. Bekanntmachung • Feb 09
Methanex Corporation, Annual General Meeting, Apr 30, 2026 Methanex Corporation, Annual General Meeting, Apr 30, 2026. Bekanntmachung • Jan 30
Methanex Corporation Declares Quarterly Dividend, Payable on March 31, 2026 Methanex Corporation announced today that its Board of Directors has declared a quarterly dividend of USD 0.185 per share. The dividend will be payable on March 31, 2026, to holders of common shares of record on March 17, 2026. Bekanntmachung • Dec 09
Methanex Corporation to Report Q4, 2025 Results on Mar 05, 2026 Methanex Corporation announced that they will report Q4, 2025 results on Mar 05, 2026 Bekanntmachung • Nov 26
Methanex Corporation Appoints Don Marchand to Its Board of Directors Methanex Corporation announced the appointment of Don Marchand to its Board of Directors effective December 1, 2025. With a career spanning nearly four decades in finance and energy infrastructure, Mr. Marchand brings extensive expertise in financial leadership and corporate strategy. From 1994 onward, he held positions of increasing responsibility in finance at TC Energy (formerly TransCanada Corporation), a leading North American energy infrastructure company. From 2010 until his retirement in 2021, Mr. Marchand served as the Executive Vice President and Chief Financial Officer at TC Energy, with additional responsibility for Strategy and Corporate Development for three years during this period. Mr. Marchand graduated with a Bachelor of Commerce from the University of Manitoba and subsequently qualified as a Chartered Accountant and Chartered Financial Analyst. He is a member of the Institute of Chartered Professional Accountants of Alberta, the CFA Institute and the Calgary Society of Financial Analysts. Mr. Marchand also serves as a director of Fortis Inc. Bekanntmachung • Nov 18
Methanex Corporation Declares Quarterly Dividend, Payable on December 31, 2025 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.185 per share. The dividend will be payable on December 31, 2025, to holders of common shares of record on December 17, 2025. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Mex$722, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Chemicals industry globally. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,382 per share. Reported Earnings • Nov 01
Third quarter 2025 earnings released: US$0.091 loss per share (vs US$0.46 profit in 3Q 2024) Third quarter 2025 results: US$0.091 loss per share (down from US$0.46 profit in 3Q 2024). Revenue: US$927.4m (flat on 3Q 2024). Net loss: US$7.07m (down 123% from profit in 3Q 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in South America. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Bekanntmachung • Oct 30
Methanex Corporation Provides Production Guidance for the Fourth quarter and full Year 2025 Methanex Corporation provided production guidance Fourth quarter and full Year 2025. For the year, The company expects production, inclusive of newly acquired assets, to be approximately 8.0 million tonnes (Methanex interest), of which 7.8 million tonnes are methanol and 0.2 million tonnes are ammonia. Actual production may vary by quarter based on gas availability, turnarounds, unplanned outages and unanticipated events.
In the fourth quarter,company expected higher produced sales combined with a slightly lower average realized price. Bekanntmachung • Sep 09
Methanex Corporation to Report Q3, 2025 Results on Oct 29, 2025 Methanex Corporation announced that they will report Q3, 2025 results at 5:00 PM, US Eastern Standard Time on Oct 29, 2025 Bekanntmachung • Jul 31
Methanex Corporation Provides Production Guidance for the Year 2025 Methanex Corporation provided production guidance for the year 2025. For the year, The company expects 2025 production, inclusive of the newly acquired assets, to be approximately 8.0 million tonnes (Methanex interest). Actual production may vary by quarter based on gas availability, turnarounds, unplanned outages and unanticipated. Bekanntmachung • Jul 18
Methanex Corporation Declares Quarterly Dividend, Payable on September 30, 2025 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.185 per share. The dividend will be payable on September 30, 2025, to holders of common shares of record on September 16, 2025. Bekanntmachung • Jun 27
Methanex Corporation (TSX:MX) completed the acquisition of OCI Methanol group from OCI N.V. (ENXTAM:OCI), Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) and Abu Dhabi Developmental Holding Company PJSC. Methanex Corporation (TSX:MX) entered into a definitive agreement to acquire OCI Methanol group from OCI N.V. (ENXTAM:OCI), Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) and Abu Dhabi Developmental Holding Company PJSC for $2.1 billion on September 8, 2024. A cash consideration of $1.15 billion will be paid by Methanex Corporation subject to customary closing adjustments, 9.9 million common equity of Methanex Corporation to be issued and and the assumption of $450 million in debt and leases. Under the definitive agreement with OCI, the approximate $2.05 billion purchase price will consist of $1.18 billion in cash, the issuance of 9.9 million common shares of Methanex valued at $450 million (based on a $45 per share price) and the assumption of approximately $450 million in debt and leases. Purchase price consideration of $2.05 billion on a cash-free and debt-free basis following a competitive process. OCI is expected to become an approximately 13% shareholder, and the second largest shareholder in Methanex following the Transaction. Acquisition expected to be immediately accretive to free cash flow per share. The transaction reflects TEV/EBITDA multiple of 7.5x. Methanex intends to fund the cash consideration of the transaction through a combination of cash on hand and new debt issuance. Following the announcement of the sale of OCI Methanol, OCI repurchased its 11% and 4% minority stakes in OCI Methanol from Alpha Dhabi Holding PJSC and ADQ, respectively. The Company has obtained a fully committed debt financing package from Royal Bank of Canada to support the transaction. Proceeds from the Transaction will be prioritized to significantly reduce OCI holding company gross debt and to return capital to shareholders. OCI holds 85% stake, and Alpha Dhabi Holding and ADQ holds 15% stake in OCI Methanol. Net proceeds to OCI expected to be approximately $1.2 billion after adjusting for net indebtedness, payments to minority interest holders (ADH/ADQ), outstanding gas hedges and other adjustments.
The Transaction is expected to close in the first half of 2025 subject to satisfaction of certain regulatory approvals, customary closing conditions, and other closing conditions including TSX approval for the issuance of Methanex shares to OCI and receipt of OCI shareholder approval. The transaction has been approved by the boards of directors of both companies. An agreement to vote for the Transaction has been signed by the largest shareholder of OCI with an interest of approximately 39% in the Company. As on October 29, 2024, Methanex announced the successful syndication of acquisition financing to support the earlier announced agreement to acquire OCI Global’s international methanol business (“OCI Acquisition”) for $2.05 billion. The new financing arrangements are with a syndicate of highly rated financial institutions and include, up to $650 million in Term Loan A commitments which can be drawn upon closing of the OCI Acquisition. The Term Loan A carries a variable interest rate and is split between three and four-year tenors that can be flexibly repaid to support de-levering, $600 million in revolving credit facility commitments, split between a $400 million tranche which will have a renewed five-year tenor and a $200 million tranche with a three-year tenor, both from closing of the OCI Acquisition. This new facility will replace the Company’s existing $500 million facility which remains available until transaction closing. Both the Term Loan A and new revolving credit facility include financial covenants consistent with the Company’s existing credit facilities. The syndication banks continue to underwrite the remaining bridge facility of $525 million. As of May 14, 2025, European Commission had approved the acquisition on May 14, 2025. As of June 12, 2025, All regulatory approvals required for the closing of the Transaction have been obtained. The transaction is now expected to complete on June 27, 2025.
Morgan Stanley & Co. International plc is serving as financial advisor and Romain Dambre, Andrew Schoorlemmer, Oliver Bacon and Tim Stevens of A&O Shearman is acting as legal advisor to OCI. Methanex’s financial advisors for the transaction were Deutsche Bank and RBC Capital Markets. McCarthy Tétrault LLP, Baker McKenzie LLP, Loyens & Loeff N.V. and Reed Smith LLP acted as legal counsel for Methanex. Deutsche Bank and RBC Capital Markets provided fairness opinions to Methanex’s Board of Directors. Andrew Bab, Jennifer Chu of Debevoise & Plimpton LLP represented Deutsche Bank as financial advisor to Methanex Corporation. Stikeman Elliott LLP acted as legal advisor to OCI N.V. (ENXTAM:OCI).
Methanex Corporation (TSX:MX) completed the acquisition of OCI Methanol group from OCI N.V. (ENXTAM:OCI), Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) and Abu Dhabi Developmental Holding Company PJSC on June 27, 2025. Bekanntmachung • Jun 04
Methanex Corporation to Report Q2, 2025 Results on Jul 30, 2025 Methanex Corporation announced that they will report Q2, 2025 results at 5:00 PM, US Eastern Standard Time on Jul 30, 2025 Bekanntmachung • Mar 21
Robert Kostelnik and Margaret Walker Announces Not Stand for Re-Election to the Board of Methanex Corporation Methanex Corporation announced that Mr. Robert Kostelnik and Ms. Margaret Walker are not standing for re-election at the Meeting. Bekanntmachung • Mar 06
Methanex Corporation to Report Q1, 2025 Results on Apr 30, 2025 Methanex Corporation announced that they will report Q1, 2025 results at 5:00 PM, Eastern Standard Time on Apr 30, 2025 Bekanntmachung • Feb 07
Methanex Corporation, Annual General Meeting, May 01, 2025 Methanex Corporation, Annual General Meeting, May 01, 2025. Bekanntmachung • Jan 31
Methanex Corporation Declares Quarterly Dividend, Payable on March 31, 2025 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.185 per share. The dividend will be payable on March 31, 2025, to holders of common shares of record on March 17, 2025. Bekanntmachung • Jan 30
Methanex Corporation Provides Consolidated Production Guidance for the Year 2025 Methanex Corporation provided consolidated production guidance for the year 2025. The company's expected production guidance for 2025 is approximately 7.5 million tonnes (Methanex interest), which excludes any incremental production from OCI assets post-acquisition closing date. In 2025, production will be impacted by three turnarounds occurring in the first three quarters of 2025. Actual production may vary by quarter based on gas availability, turnarounds, unplanned outages and unanticipated events. Bekanntmachung • Nov 27
Methanex Corporation to Report Q4, 2024 Results on Jan 29, 2025 Methanex Corporation announced that they will report Q4, 2024 results at 5:00 PM, US Eastern Standard Time on Jan 29, 2025 Bekanntmachung • Nov 20
Methanex Corporation Declares Quarterly Dividend, Payable on December 31, 2024 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.185 per share. The dividend will be payable on December 31, 2024, to holders of common shares of record on December 17, 2024. Bekanntmachung • Nov 07
Methanex Corporation Provides Production Guidance for the Fourth Quarter 2024 Methanex Corporation provided production guidance for the fourth quarter 2024. The expected production guidance for Fourth Quarter 2024 is approximately 1.9 million tonnes (Methanex interest) which will be sold through in the fourth quarter of 2024 and the first quarter of 2025 as produced sales normalize to the increased production. Bekanntmachung • Sep 10
Methanex Corporation (TSX:MX) entered into a definitive agreement to acquire OCI Methanol group from OCI N.V. (ENXTAM:OCI), Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) and Abu Dhabi Developmental Holding Company PJSC for $2.02 billion. Methanex Corporation (TSX:MX) entered into a definitive agreement to acquire OCI Methanol group from OCI N.V. (ENXTAM:OCI), Alpha Dhabi Holding PJSC (ADX:ALPHADHABI) and Abu Dhabi Developmental Holding Company PJSC for $2.02 billion on September 8, 2024. A cash consideration of $1.15 billion will be paid by Methanex Corporation, 9.9 million common equity of Methanex Corporation to be issued and and the assumption of $450 million in debt and leases. Purchase price consideration of $2.05 billion on a cash-free and debt-free basis following a competitive process. OCI is expected to become an approximately 13% shareholder, and the second largest shareholder in Methanex following the Transaction. Acquisition expected to be immediately accretive to free cash flow per share. The transaction reflects TEV/EBITDA multiple of 7.5x. Methanex intends to fund the cash consideration of the transaction through a combination of cash on hand and new debt issuance. The Company has obtained a fully committed debt financing package from Royal Bank of Canada to support the transaction. Proceeds from the Transaction will be prioritized to significantly reduce OCI holding company gross debt and to return capital to shareholders. OCI holds 85% stake, and Alpha Dhabi Holding and ADQ holds 15% stake in OCI Methanol.
The Transaction is expected to close in the first half of 2025 subject to satisfaction of certain regulatory approvals, customary closing conditions, and other closing conditions including TSX approval for the issuance of Methanex shares to OCI and receipt of OCI shareholder approval. The transaction has been approved by the boards of directors of both companies. An agreement to vote for the Transaction has been signed by the largest shareholder of OCI with an interest of approximately 39% in the Company.
Morgan Stanley & Co. International plc is serving as financial advisor and A&O Shearman is acting as legal advisor to OCI. Methanex’s financial advisors for the transaction were Deutsche Bank and RBC Capital Markets. McCarthy Tétrault LLP, Baker McKenzie LLP, Loyens & Loeff N.V. and Reed Smith LLP acted as legal counsel for Methanex. Deutsche Bank and RBC Capital Markets provided fairness opinions to Methanex’s Board of Directors. Andrew Bab, Jennifer Chu of Debevoise & Plimpton LLP represented Deutsche Bank as financial advisor to Methanex Corporation. Bekanntmachung • Sep 04
Methanex Corporation to Report Q3, 2024 Results on Nov 06, 2024 Methanex Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Bekanntmachung • Aug 13
Methanex Corporation Announces to Temporarily Idle New Zealand Operations to Assist in Improving Energy Balances Methanex Corporation announced that it has entered into short-term commercial arrangements to provide its contracted natural gas into the New Zealand electricity market. As a result, it is temporarily idling its manufacturing operations in New Zealand until the end of October 2024. These commercial arrangements are expected to positively impact Methanex’s Third Quarter and Fourth Quarter 2024 earnings with after-tax proceeds expected to meaningfully exceed the margin lost on New Zealand methanol production delivered to customers. The commercial arrangements are structured to provide Methanex with a base price for each unit of gas delivered with further incremental value shared between the parties depending on electricity pricing over the period. Bekanntmachung • Jul 19
Methanex Corporation Declares Quarterly Dividend, Payable on September 30, 2024 Methanex Corporation announced that its board of directors has declared a quarterly dividend of USD 0.185 per share. The dividend will be payable on September 30, 2024, to holders of common shares of record on September 16, 2024. Bekanntmachung • May 29
Methanex Corporation to Report Q2, 2024 Results on Jul 30, 2024 Methanex Corporation announced that they will report Q2, 2024 results at 5:00 PM, US Eastern Standard Time on Jul 30, 2024 Bekanntmachung • Apr 27
Methanex Corporation Approves Appointment of Roger Perreault to its Board of Directors Methanex Corporation announced at annual general meeting held on April 25, 2024, the shareholders elected Roger Perreault as Director. The company announced the appointment of Roger Perreault to its Board of Directors effective April 25, 2024. Mr. Perreault served most recently at UGI Corporation from 2015 until 2023 and held the roles of President & Chief Executive Officer, Executive Vice President of Global LPG, and Vice President of UGI International. Prior to this, he worked at Air Liquide for over 22 years in a variety of increasingly senior global management roles. Mr. Perreault holds a Bachelor of Science in Chemical Engineering from Toronto Metropolitan University (formerly known as Ryerson University), a Graduate Diploma of Management (Applied) from McGill University and has completed the International Development Program and the Advanced Management Program at INSEAD. Bekanntmachung • Mar 07
Methanex Corporation to Report Q1, 2024 Results on Apr 24, 2024 Methanex Corporation announced that they will report Q1, 2024 results at 5:00 PM, US Eastern Standard Time on Apr 24, 2024 Bekanntmachung • Feb 21
Methanex Corporation Provides Update on Geismar 3 Methanol Plant in Geismar, Louisiana Methanex Corporation announced that commercial production of its new 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana has been delayed due to complications that occurred in the autothermal reformer (ATR) during the late stages of the initial start-up process. This issue required the ATR to be cooled and brought to a safe state where teams could conduct detailed inspections of the vessel. Upon completing initial inspections, it has been determined that there is significant damage to a large number of supporting refractory bricks in the vessel which will require replacement. The specialty formed refractory bricks require time to procure and, as a result, management believes commercial production could be delayed up to the end of the third quarter of 2024. The investigation and planning to rectify the issue is ongoing and management is exploring all avenues to accelerate the repair time. Based on the preliminary findings of its root cause analysis, management believes that this issue relates to complications in the initial start-up process and is not a plant design or construction issue. Management believes that the total capital cost will not significantly exceed the upper end of the capital cost guidance of $1.30 billion. Bekanntmachung • Feb 02
Methanex Corporation Declares Quarterly Dividend, Payable on March 28, 2024 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.185 per share. The dividend will be payable on March 28, 2024, to holders of common shares of record on March 14, 2024. Bekanntmachung • Nov 28
Methanex Corporation to Report Fiscal Year 2023 Results on Jan 31, 2024 Methanex Corporation announced that they will report fiscal year 2023 results at 5:00 PM, US Eastern Standard Time on Jan 31, 2024 Bekanntmachung • Nov 23
Methanex Corporation Provides Update on Egypt Operations Methanex Corporation announced that its 1.26 million tonne Egypt methanol production facility (Methanex 50% equity interest of 0.63 million tonnes per annum) was impacted by an unplanned outage in mid-October caused by a mechanical failure in the synthesis gas compressor. The unit has since been removed from service and is currently being repaired on an expedited schedule at the manufacturer overseas. The Company currently estimates that production will resume towards the end of the first quarter of 2024. Bekanntmachung • Nov 17
Methanex Corporation Declares Quarterly Dividend, Payable on December 29, 2023 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of $0.185 per share. The dividend will be payable on December 29, 2023, to holders of common shares of record on December 15, 2023. Bekanntmachung • Oct 26
Methanex Corporation Provides Production Guidance for the Year 2023 Methanex Corporation provided production guidance for the year 2023. The company expects actual production for 2023 to be slightly above 2023 production guidance of approximately 6.5 million equity tonnes, excluding any production from G3. Bekanntmachung • Sep 19
Methanex Corporation Appoints John Sampson to Its Board of Directors Methanex Corporation announced the appointment of John Sampson, Senior Vice President, Operations, Manufacturing and Engineering at Dow Inc., to its Board of Directors effective October 1, 2023. With a career spanning 40 years in the chemical and materials sector, Mr. Sampson brings a wealth of industry knowledge and business acumen. From 1996 to 2015, Mr. Sampson held a variety of increasingly senior management positions at Dow, including Vice President, Environment, Health & Safety and Manufacturing Vice President, Chemicals & Energy. In 2015, Mr. Sampson joined Olin Corp. as Vice President, Operations and in 2019, he became Olin Corp’s Executive Vice President, Business Operations. Mr. Sampson returned to Dow in 2020 and in his current role as Senior Vice President, Operations, Manufacturing and Engineering he is accountable for the global Operations team consisting of more than 22,000 employees worldwide. He is also member of Dow’s Leadership Team, which is responsible for executing the Company’s strategy. Mr. Sampson holds a Bachelor of Science in Chemical Engineering from Louisiana State University and also serves as Vice Chair of the Board of Directors of Sadara Chemical Company. Bekanntmachung • Jul 22
Methanex Corporation to Report Q3, 2023 Results on Oct 25, 2023 Methanex Corporation announced that they will report Q3, 2023 results at 5:00 PM, Eastern Standard Time on Oct 25, 2023 Bekanntmachung • Jul 14
Methanex Corporation Declares Quarterly Dividend, Payable on September 30, 2023 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of $0.185 per share. The dividend will be payable on September 30, 2023, to holders of common shares of record on September 16, 2023. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: US$4.95 (vs US$6.34 in FY 2021) Full year 2022 results: EPS: US$4.95 (down from US$6.34 in FY 2021). Revenue: US$4.31b (down 2.3% from FY 2021). Net income: US$353.8m (down 27% from FY 2021). Profit margin: 8.2% (down from 11% in FY 2021). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Chemicals industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Feb 03
Methanex Corporation Provides Production Guidance for the Year 2023 Methanex Corporation provided production guidance for the year 2023. Forecasted production for 2023 is approximately 6.5 million equity tonnes, excluding any production from G3. Actual production may vary by quarter based on timing of turnarounds, gas availability, unplanned outages and unanticipated events. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Mex$856, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Chemicals industry in South America. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,538 per share. Bekanntmachung • Jan 27
Methanex Corporation Declares Quarterly Cash Dividend, Payable on March 31, 2023 Methanex Corporation announced that its Board of Directors has declared a quarterly dividend of USD 0.175 per share. The dividend will be payable on March 31, 2023, to holders of common shares of record on March 17, 2023. Bekanntmachung • Dec 07
Methanex Corporation to Report Q4, 2022 Results on Feb 02, 2023 Methanex Corporation announced that they will report Q4, 2022 results at 5:00 PM, US Eastern Standard Time on Feb 02, 2023 Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.98 (vs US$0.93 in 3Q 2021) Third quarter 2022 results: EPS: US$0.98. Revenue: US$1.01b (down 6.1% from 3Q 2021). Net income: US$69.2m (down 1.9% from 3Q 2021). Profit margin: 6.8% (up from 6.5% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Chemicals industry in South America. Recent Insider Transactions • Sep 24
Independent Director recently bought Mex$1.3m worth of stock On the 19th of September, Maureen Howe bought around 2k shares on-market at roughly Mex$664 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$6.4m more in shares than they bought in the last 12 months. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Mexican dividend payers (6.3%). Lower than average of industry peers (11%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$1.74 (vs US$1.40 in 2Q 2021) Second quarter 2022 results: EPS: US$1.74 (up from US$1.40 in 2Q 2021). Revenue: US$1.14b (up 6.5% from 2Q 2021). Net income: US$125.1m (up 17% from 2Q 2021). Profit margin: 11% (up from 10.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 9.4% compared to a 1.5% decline forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to Mex$791, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Chemicals industry globally. Total returns to shareholders of 11% over the past three years. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Mexican dividend payers (5.8%). Lower than average of industry peers (9.0%). Recent Insider Transactions • May 11
Insider recently bought Mex$8.0m worth of stock On the 9th of May, Nojan Abrary bought around 8k shares on-market at roughly Mex$991 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$4.9m more in shares than they bought in the last 12 months. Reported Earnings • May 03
First quarter 2022 earnings released: EPS: US$1.61 (vs US$1.37 in 1Q 2021) First quarter 2022 results: EPS: US$1.61 (up from US$1.37 in 1Q 2021). Revenue: US$1.18b (up 16% from 1Q 2021). Net income: US$118.5m (up 13% from 1Q 2021). Profit margin: 10% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 6.2% compared to a 3.1% decline forecast for the industry in Mexico. Recent Insider Transactions • Apr 06
Insider recently sold Mex$8.2m worth of stock On the 31st of March, Vanessa James sold around 8k shares on-market at roughly Mex$1,088 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$13m more than they bought in the last 12 months. Recent Insider Transactions • Mar 29
Insider recently sold Mex$7.2m worth of stock On the 21st of March, Nojan Abrary sold around 6k shares on-market at roughly Mex$1,130 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$4.7m more than they bought in the last 12 months. Recent Insider Transactions • Mar 10
Insider recently sold Mex$3.5m worth of stock On the 7th of March, Allard Mark sold around 3k shares on-market at roughly Mex$1,163 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought Mex$3.7m more than they sold in the last 12 months. Upcoming Dividend • Mar 09
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Mexican dividend payers (5.4%). Lower than average of industry peers (5.1%). Recent Insider Transactions • Feb 24
Director recently bought Mex$97k worth of stock On the 18th of February, Xiaoping Yang bought around 100 shares on-market at roughly Mex$974 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$6.4m. Insiders have collectively bought Mex$7.2m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 17% share price gain to Mex$1,025, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Chemicals industry globally. Total returns to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$935 per share. Upcoming Dividend • Dec 09
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 31 December 2021. Payout ratio is a comfortable 7.1% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Mexican dividend payers (5.0%). Lower than average of industry peers (5.0%). Recent Insider Transactions • Dec 08
Insider recently sold Mex$2.6m worth of stock On the 3rd of December, Alejandro Larrive sold around 3k shares on-market at roughly Mex$852 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$4.0m more than they bought in the last 12 months. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 30 September 2021. Trailing yield: 1.3%. Lower than top quartile of Mexican dividend payers (5.0%). Lower than average of industry peers (4.1%). Recent Insider Transactions • Aug 28
Insider recently bought Mex$1.0m worth of stock On the 25th of August, Rudinauth Chadee bought around 1k shares on-market at roughly Mex$698 per share. In the last 3 months, there was an even bigger purchase from another insider worth Mex$3.3m. Despite this recent purchase, insiders have collectively sold Mex$17m more in shares than they bought in the last 12 months.