View Past PerformanceMethanex バランスシートの健全性財務の健全性 基準チェック /36Methanexの総株主資本は$2.7B 、総負債は$2.7Bで、負債比率は99.6%となります。総資産と総負債はそれぞれ$7.2Bと$4.5Bです。 Methanexの EBIT は$367.7Mで、利息カバレッジ比率1.8です。現金および短期投資は$379.0Mです。主要情報99.62%負債資本比率US$2.69b負債インタレスト・カバレッジ・レシオ1.8x現金US$379.02mエクイティUS$2.70b負債合計US$4.51b総資産US$7.21b財務の健全性に関する最新情報分析記事 • Aug 24Here's Why Methanex (TSE:MX) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Jan 24These 4 Measures Indicate That Methanex (TSE:MX) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • May 24Methanex (TSE:MX) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Nov 15Methanex (TSE:MX) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...すべての更新を表示Recent updatesライブニュース • May 06Methanex Lifts Q2 Outlook as Middle East Supply Issues Boost Methanol PricesQ1 2026 revenue came in at $974 million, slightly ahead of expectations, with adjusted net income at $23 million and a net loss of $14 million driven by mark-to-market share-based compensation. The company signalled a stronger Q2 EBITDA outlook, supported by higher realized methanol prices tied to Middle East supply disruptions and benefits from the Beaumont and ammonia businesses. Management plans to repay a major term loan in Q2 to reduce leverage, with share buybacks considered after debt reduction. For investors, the key takeaway is that Methanex reported mixed earnings quality in Q1 2026: operational performance and volumes were solid, but weaker methanol pricing and higher cash costs weighed on profit, and accounting impacts from share-based compensation tipped results into a loss. At the same time, supply issues in the Middle East have tightened the methanol market, lifting realized prices and feeding into a more optimistic Q2 EBITDA outlook. The focus on repaying a significant term loan suggests management is prioritizing a stronger balance sheet before increasing capital returns. Potential buybacks, if pursued later, would sit alongside the integration of the Beaumont assets and the ammonia business as important capital allocation decisions. Investors may also want to pay attention to the structural gas supply challenges in New Zealand and the timing lag between methanol spot price moves and what Methanex ultimately realizes in its contracts, as these factors can influence how quickly market disruptions flow through to earnings.Declared Dividend • May 04First quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (8% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.お知らせ • May 02Methanex Corporation Declares Quarterly Dividend, Payable on June 30, 2026Methanex 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.Reported Earnings • Apr 30First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: US$0.18 loss per share (down from US$1.65 profit in 1Q 2025). Revenue: US$973.7m (up 8.6% from 1Q 2025). Net loss: US$13.6m (down 112% from profit in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$80.84, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Chemicals industry in Canada. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$127 per share.Upcoming Dividend • Mar 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 17 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (5.6%). Lower than average of industry peers (2.8%).お知らせ • Mar 10Methanex Corporation to Report Q1, 2026 Results on Apr 29, 2026Methanex Corporation announced that they will report Q1, 2026 results at 5:00 PM, US Eastern Standard Time on Apr 29, 2026ナラティブの更新 • Mar 09MX: Mixed Views Suggest Fair Outlook As Production And Low Carbon Plans AdvanceThe analyst price target for Methanex has moved higher, with the fair value estimate rising from CA$62.42 to CA$70.59 as analysts factor in higher assumed profit margins and recent CA$5 to CA$12 price target increases across several firms, despite mixed rating changes. Analyst Commentary Recent Street research on Methanex presents a mix of optimism around pricing power and asset utilization, alongside caution on the risk-reward balance and rating downgrades.Reported Earnings • Mar 06Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$1.10 (down from US$2.43 in FY 2024). Revenue: US$3.59b (down 3.5% from FY 2024). Net income: US$79.9m (down 51% from FY 2024). Profit margin: 2.2% (down from 4.4% in FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 68%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Mar 06Methanex Corporation Provides Production Guidance for the Year 2026Methanex 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.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CA$78.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Chemicals industry in Canada. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$109 per share.お知らせ • Feb 09Methanex Corporation, Annual General Meeting, Apr 30, 2026Methanex Corporation, Annual General Meeting, Apr 30, 2026.Declared Dividend • Feb 04Third quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 17th March 2026 Payment date: 31st March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 6.8% over the next 2 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Feb 01An Intrinsic Calculation For Methanex Corporation (TSE:MX) Suggests It's 37% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, Methanex fair value estimate is CA$103 Current share price of...お知らせ • Jan 30Methanex Corporation Declares Quarterly Dividend, Payable on March 31, 2026Methanex 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.ナラティブの更新 • Jan 14MX: Mixed Research Views Suggest Balanced Outlook On 2025 Production GuidanceThe analyst price target for Methanex has shifted lower to around $62 from about $76, as analysts rework their models around a higher assumed future P/E, slightly faster revenue growth, and more conservative margin expectations in light of recent mixed research, including a Raymond James downgrade and incremental target hikes from UBS, Scotiabank, and CIBC. Analyst Commentary Recent research on Methanex reflects a split view, with some analysts more constructive on the company’s ability to execute and create value, while others are increasingly cautious about risks to the story.Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$62.74, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Chemicals industry in Canada. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$108 per share.分析記事 • Dec 23Subdued Growth No Barrier To Methanex Corporation's (TSE:MX) PriceIt's not a stretch to say that Methanex Corporation's ( TSE:MX ) price-to-earnings (or "P/E") ratio of 14.7x right now...Upcoming Dividend • Dec 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 17 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%).お知らせ • Dec 09Methanex Corporation to Report Q4, 2025 Results on Mar 05, 2026Methanex Corporation announced that they will report Q4, 2025 results on Mar 05, 2026お知らせ • Nov 26Methanex Corporation Appoints Don Marchand to Its Board of DirectorsMethanex 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.分析記事 • Nov 25Is Methanex Corporation (TSE:MX) Potentially Undervalued?Methanex Corporation ( TSE:MX ), might not be a large cap stock, but it received a lot of attention from a substantial...Declared Dividend • Nov 21Third quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 17th December 2025 Payment date: 31st December 2025 Dividend yield will be 1.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 26% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 18Methanex Corporation Declares Quarterly Dividend, Payable on December 31, 2025Methanex 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.分析記事 • Nov 06We Think Methanex's (TSE:MX) Healthy Earnings Might Be ConservativeShareholders appeared to be happy with Methanex Corporation's ( TSE:MX ) solid earnings report last week. According to...Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 4.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Chemicals industry in Canada. 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.お知らせ • Oct 30Methanex Corporation Provides Production Guidance for the Fourth quarter and full Year 2025Methanex 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.Upcoming Dividend • Sep 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 16 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%).お知らせ • Sep 09Methanex Corporation to Report Q3, 2025 Results on Oct 29, 2025Methanex Corporation announced that they will report Q3, 2025 results at 5:00 PM, US Eastern Standard Time on Oct 29, 2025Recent Insider Transactions • Sep 08Insider recently bought CA$620k worth of stockOn the 5th of September, Karine Delbarre bought around 12k shares on-market at roughly CA$52.76 per share. This transaction increased Karine's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$3.2m more in shares than they have sold in the last 12 months.分析記事 • Aug 24Here's Why Methanex (TSE:MX) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Aug 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks High level of debt (85% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Declared Dividend • Aug 01Second quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 16th September 2025 Payment date: 30th September 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 13% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jul 31Methanex Corporation Provides Production Guidance for the Year 2025Methanex 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.お知らせ • Jul 18Methanex Corporation Declares Quarterly Dividend, Payable on September 30, 2025Methanex 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.お知らせ • Jun 27Methanex 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.お知らせ • Jun 04Methanex Corporation to Report Q2, 2025 Results on Jul 30, 2025Methanex Corporation announced that they will report Q2, 2025 results at 5:00 PM, US Eastern Standard Time on Jul 30, 2025お知らせ • May 01+ 2 more updatesMethanex Corporation Announces Successful Restart of Geismar 3Methanex Corporation announced that its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana has successfully restarted and begun producing methanol following an unplanned outage in late February.Major Estimate Revision • Apr 30Consensus EPS estimates fall by 36%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$2.79 to US$1.80 per share. Revenue forecast steady at US$4.18b. Net income forecast to grow 45% next year vs 53% growth forecast for Chemicals industry in Canada. Consensus price target of CA$76.82 unchanged from last update. Share price was steady at CA$43.20 over the past week.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$43.07, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Chemicals industry in Canada. Total loss to shareholders of 30% over the past three years.Major Estimate Revision • Apr 07Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$4.38b to US$4.29b. EPS estimate also fell from US$3.87 per share to US$2.79 per share. Net income forecast to grow 45% next year vs 53% growth forecast for Chemicals industry in Canada. Consensus price target of CA$78.79 unchanged from last update. Share price fell 23% to CA$39.05 over the past week.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CA$43.78, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Chemicals industry in Canada. Total loss to shareholders of 34% over the past three years.分析記事 • Mar 26Is There Now An Opportunity In Methanex Corporation (TSE:MX)?Methanex Corporation ( TSE:MX ), is not the largest company out there, but it saw significant share price movement...お知らせ • Mar 21Robert Kostelnik and Margaret Walker Announces Not Stand for Re-Election to the Board of Methanex CorporationMethanex Corporation announced that Mr. Robert Kostelnik and Ms. Margaret Walker are not standing for re-election at the Meeting.Recent Insider Transactions • Mar 13Insider recently bought CA$613k worth of stockOn the 11th of March, Kevin Maloney bought around 11k shares on-market at roughly CA$53.76 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.7m more in shares than they have sold in the last 12 months.分析記事 • Mar 11Methanex Corporation (TSE:MX) Stock's 27% Dive Might Signal An Opportunity But It Requires Some ScrutinyMethanex Corporation ( TSE:MX ) shares have had a horrible month, losing 27% after a relatively good period beforehand...Upcoming Dividend • Mar 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 17 March 2025. Payment date: 31 March 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (4.1%).Reported Earnings • Mar 09Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$2.43 (down from US$2.57 in FY 2023). Revenue: US$3.72b (flat on FY 2023). Net income: US$164.0m (down 5.8% from FY 2023). Profit margin: 4.4% (down from 4.7% in FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Mar 06Methanex Corporation to Report Q1, 2025 Results on Apr 30, 2025Methanex Corporation announced that they will report Q1, 2025 results at 5:00 PM, Eastern Standard Time on Apr 30, 2025New Risk • Mar 04New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.分析記事 • Feb 07Investors Can Find Comfort In Methanex's (TSE:MX) Earnings QualityMethanex Corporation's ( TSE:MX ) stock was strong despite it releasing a soft earnings report last week. We think that...お知らせ • Feb 07Methanex Corporation, Annual General Meeting, May 01, 2025Methanex Corporation, Annual General Meeting, May 01, 2025.Major Estimate Revision • Feb 05Consensus EPS estimates increase by 35%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$4.38b to US$4.44b. EPS estimate increased from US$2.87 to US$3.87 per share. Net income forecast to grow 62% next year vs 58% growth forecast for Chemicals industry in Canada. Consensus price target of CA$78.73 unchanged from last update. Share price rose 3.9% to CA$74.71 over the past week.Declared Dividend • Feb 03Fourth quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 57% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 31Methanex Corporation Declares Quarterly Dividend, Payable on March 31, 2025Methanex 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.Reported Earnings • Jan 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$2.43 (down from US$2.57 in FY 2023). Revenue: US$3.72b (flat on FY 2023). Net income: US$164.0m (down 5.8% from FY 2023). Profit margin: 4.4% (down from 4.7% in FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Jan 30Methanex Corporation Provides Consolidated Production Guidance for the Year 2025Methanex 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.分析記事 • Jan 24These 4 Measures Indicate That Methanex (TSE:MX) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...新しいナラティブ • Jan 16Full Operation At G3 Plant Will Increase Production Capacity By 18 Million Tonnes Per Year Successful G3 plant operations and new gas contracts in Chile enhance production capacity and stabilize revenues, benefiting future earnings. 分析記事 • Dec 21What Does Methanex Corporation's (TSE:MX) Share Price Indicate?While Methanex Corporation ( TSE:MX ) might not have the largest market cap around , it led the TSX gainers with a...Upcoming Dividend • Dec 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 17 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (4.1%).お知らせ • Nov 27Methanex Corporation to Report Q4, 2024 Results on Jan 29, 2025Methanex Corporation announced that they will report Q4, 2024 results at 5:00 PM, US Eastern Standard Time on Jan 29, 2025Declared Dividend • Nov 22Third quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 17th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 86% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 20Methanex Corporation Declares Quarterly Dividend, Payable on December 31, 2024Methanex 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.Reported Earnings • Nov 12Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.46 (up from US$0.36 in 3Q 2023). Revenue: US$934.8m (up 14% from 3Q 2023). Net income: US$31.1m (up 28% from 3Q 2023). Profit margin: 3.3% (up from 2.9% in 3Q 2023). Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Nov 07Methanex Corporation Provides Production Guidance for the Fourth Quarter 2024Methanex 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.お知らせ • Sep 10Methanex 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.お知らせ • Sep 04Methanex Corporation to Report Q3, 2024 Results on Nov 06, 2024Methanex Corporation announced that they will report Q3, 2024 results on Nov 06, 2024お知らせ • Aug 13Methanex Corporation Announces to Temporarily Idle New Zealand Operations to Assist in Improving Energy BalancesMethanex 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.Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CA$55.93, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Chemicals industry in Canada. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$23.51 per share.Reported Earnings • Jul 31Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$0.52 (down from US$0.84 in 2Q 2023). Revenue: US$920.4m (down 2.0% from 2Q 2023). Net income: US$35.2m (down 38% from 2Q 2023). Profit margin: 3.8% (down from 6.0% in 2Q 2023). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.分析記事 • Jul 29Unpleasant Surprises Could Be In Store For Methanex Corporation's (TSE:MX) SharesMethanex Corporation's ( TSE:MX ) price-to-earnings (or "P/E") ratio of 19.2x might make it look like a sell right now...Declared Dividend • Jul 22First quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.お知らせ • Jul 19Methanex Corporation Declares Quarterly Dividend, Payable on September 30, 2024Methanex 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.分析記事 • Jul 12Should You Investigate Methanex Corporation (TSE:MX) At CA$68.73?Methanex Corporation ( TSE:MX ), is not the largest company out there, but it saw a double-digit share price rise of...分析記事 • Jun 09Methanex (TSE:MX) May Have Issues Allocating Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...Upcoming Dividend • Jun 07Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (3.7%).お知らせ • May 29Methanex Corporation to Report Q2, 2024 Results on Jul 30, 2024Methanex Corporation announced that they will report Q2, 2024 results at 5:00 PM, US Eastern Standard Time on Jul 30, 2024分析記事 • May 24Methanex (TSE:MX) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Declared Dividend • May 20First quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.お知らせ • Apr 27Methanex Corporation Approves Appointment of Roger Perreault to its Board of DirectorsMethanex 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.お知らせ • Apr 26+ 1 more updateMethanex Corporation Updates Production Guidance for the Year 2024Methanex Corporation updated production guidance for the year 2024. The company expects production guidance for 2024 to approximately 7.0 million tonnes (Methanex interest). 2024 production guidance has been lowered primarily because of the Geismar 3 start-up delay. This expected production guidance is based on the mid-point of Chile and New Zealand production guidance, G3 starting up in the third quarter and operating at full rates in the fourth quarter, Egypt restart in the first half of February, and all other plants operating at full rates. Actual production may vary by quarter based on timing of turnarounds, gas availability, unplanned outages and unanticipated events.お知らせ • Mar 07Methanex Corporation to Report Q1, 2024 Results on Apr 24, 2024Methanex Corporation announced that they will report Q1, 2024 results at 5:00 PM, US Eastern Standard Time on Apr 24, 2024お知らせ • Feb 21Methanex Corporation Provides Update on Geismar 3 Methanol Plant in Geismar, LouisianaMethanex 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.お知らせ • Feb 02Methanex Corporation Declares Quarterly Dividend, Payable on March 28, 2024Methanex 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.お知らせ • Nov 28Methanex Corporation to Report Fiscal Year 2023 Results on Jan 31, 2024Methanex Corporation announced that they will report fiscal year 2023 results at 5:00 PM, US Eastern Standard Time on Jan 31, 2024お知らせ • Nov 23Methanex Corporation Provides Update on Egypt OperationsMethanex 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.お知らせ • Nov 17Methanex Corporation Declares Quarterly Dividend, Payable on December 29, 2023Methanex 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.分析記事 • Nov 15Methanex (TSE:MX) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Oct 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks High level of debt (70% net debt to equity). Profit margins are more than 30% lower than last year (4.8% net profit margin).Reported Earnings • Oct 26Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$0.36 (down from US$0.98 in 3Q 2022). Revenue: US$823.3m (down 19% from 3Q 2022). Net income: US$24.2m (down 65% from 3Q 2022). Profit margin: 2.9% (down from 6.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 26Methanex Corporation Provides Production Guidance for the Year 2023Methanex 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.分析記事 • Oct 19When Should You Buy Methanex Corporation (TSE:MX)?While Methanex Corporation ( TSE:MX ) might not be the most widely known stock at the moment, it received a lot of...お知らせ • Sep 19Methanex Corporation Appoints John Sampson to Its Board of DirectorsMethanex 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.財務状況分析短期負債: MXの 短期資産 ( $1.5B ) が 短期負債 ( $764.6M ) を超えています。長期負債: MXの短期資産 ( $1.5B ) は 長期負債 ( $3.7B ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: MXの 純負債対資本比率 ( 85.6% ) は 高い と見なされます。負債の削減: MXの負債対資本比率は、過去 5 年間で148.5%から99.6%に減少しました。債務返済能力: MXの負債は 営業キャッシュフロー によって 十分にカバー されています ( 30.9% )。インタレストカバレッジ: MXの負債に対する 利息支払い は EBIT ( 1.8 x coverage) によって 十分にカバーされていません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YMaterials 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 14:56終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Methanex Corporation 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。16 アナリスト機関null nullAlembic Global AdvisorsMichael LeitheadBarclaysJonas OxgaardBernstein13 その他のアナリストを表示
分析記事 • Aug 24Here's Why Methanex (TSE:MX) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Jan 24These 4 Measures Indicate That Methanex (TSE:MX) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • May 24Methanex (TSE:MX) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Nov 15Methanex (TSE:MX) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
ライブニュース • May 06Methanex Lifts Q2 Outlook as Middle East Supply Issues Boost Methanol PricesQ1 2026 revenue came in at $974 million, slightly ahead of expectations, with adjusted net income at $23 million and a net loss of $14 million driven by mark-to-market share-based compensation. The company signalled a stronger Q2 EBITDA outlook, supported by higher realized methanol prices tied to Middle East supply disruptions and benefits from the Beaumont and ammonia businesses. Management plans to repay a major term loan in Q2 to reduce leverage, with share buybacks considered after debt reduction. For investors, the key takeaway is that Methanex reported mixed earnings quality in Q1 2026: operational performance and volumes were solid, but weaker methanol pricing and higher cash costs weighed on profit, and accounting impacts from share-based compensation tipped results into a loss. At the same time, supply issues in the Middle East have tightened the methanol market, lifting realized prices and feeding into a more optimistic Q2 EBITDA outlook. The focus on repaying a significant term loan suggests management is prioritizing a stronger balance sheet before increasing capital returns. Potential buybacks, if pursued later, would sit alongside the integration of the Beaumont assets and the ammonia business as important capital allocation decisions. Investors may also want to pay attention to the structural gas supply challenges in New Zealand and the timing lag between methanol spot price moves and what Methanex ultimately realizes in its contracts, as these factors can influence how quickly market disruptions flow through to earnings.
Declared Dividend • May 04First quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (8% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
お知らせ • May 02Methanex Corporation Declares Quarterly Dividend, Payable on June 30, 2026Methanex 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.
Reported Earnings • Apr 30First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: US$0.18 loss per share (down from US$1.65 profit in 1Q 2025). Revenue: US$973.7m (up 8.6% from 1Q 2025). Net loss: US$13.6m (down 112% from profit in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$80.84, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Chemicals industry in Canada. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$127 per share.
Upcoming Dividend • Mar 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 17 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (5.6%). Lower than average of industry peers (2.8%).
お知らせ • Mar 10Methanex Corporation to Report Q1, 2026 Results on Apr 29, 2026Methanex Corporation announced that they will report Q1, 2026 results at 5:00 PM, US Eastern Standard Time on Apr 29, 2026
ナラティブの更新 • Mar 09MX: Mixed Views Suggest Fair Outlook As Production And Low Carbon Plans AdvanceThe analyst price target for Methanex has moved higher, with the fair value estimate rising from CA$62.42 to CA$70.59 as analysts factor in higher assumed profit margins and recent CA$5 to CA$12 price target increases across several firms, despite mixed rating changes. Analyst Commentary Recent Street research on Methanex presents a mix of optimism around pricing power and asset utilization, alongside caution on the risk-reward balance and rating downgrades.
Reported Earnings • Mar 06Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: US$1.10 (down from US$2.43 in FY 2024). Revenue: US$3.59b (down 3.5% from FY 2024). Net income: US$79.9m (down 51% from FY 2024). Profit margin: 2.2% (down from 4.4% in FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 68%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Mar 06Methanex Corporation Provides Production Guidance for the Year 2026Methanex 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.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CA$78.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Chemicals industry in Canada. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$109 per share.
お知らせ • Feb 09Methanex Corporation, Annual General Meeting, Apr 30, 2026Methanex Corporation, Annual General Meeting, Apr 30, 2026.
Declared Dividend • Feb 04Third quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 17th March 2026 Payment date: 31st March 2026 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 6.8% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Feb 01An Intrinsic Calculation For Methanex Corporation (TSE:MX) Suggests It's 37% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, Methanex fair value estimate is CA$103 Current share price of...
お知らせ • Jan 30Methanex Corporation Declares Quarterly Dividend, Payable on March 31, 2026Methanex 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.
ナラティブの更新 • Jan 14MX: Mixed Research Views Suggest Balanced Outlook On 2025 Production GuidanceThe analyst price target for Methanex has shifted lower to around $62 from about $76, as analysts rework their models around a higher assumed future P/E, slightly faster revenue growth, and more conservative margin expectations in light of recent mixed research, including a Raymond James downgrade and incremental target hikes from UBS, Scotiabank, and CIBC. Analyst Commentary Recent research on Methanex reflects a split view, with some analysts more constructive on the company’s ability to execute and create value, while others are increasingly cautious about risks to the story.
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$62.74, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Chemicals industry in Canada. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$108 per share.
分析記事 • Dec 23Subdued Growth No Barrier To Methanex Corporation's (TSE:MX) PriceIt's not a stretch to say that Methanex Corporation's ( TSE:MX ) price-to-earnings (or "P/E") ratio of 14.7x right now...
Upcoming Dividend • Dec 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 17 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%).
お知らせ • Dec 09Methanex Corporation to Report Q4, 2025 Results on Mar 05, 2026Methanex Corporation announced that they will report Q4, 2025 results on Mar 05, 2026
お知らせ • Nov 26Methanex Corporation Appoints Don Marchand to Its Board of DirectorsMethanex 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.
分析記事 • Nov 25Is Methanex Corporation (TSE:MX) Potentially Undervalued?Methanex Corporation ( TSE:MX ), might not be a large cap stock, but it received a lot of attention from a substantial...
Declared Dividend • Nov 21Third quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 17th December 2025 Payment date: 31st December 2025 Dividend yield will be 1.9%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 26% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 18Methanex Corporation Declares Quarterly Dividend, Payable on December 31, 2025Methanex 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.
分析記事 • Nov 06We Think Methanex's (TSE:MX) Healthy Earnings Might Be ConservativeShareholders appeared to be happy with Methanex Corporation's ( TSE:MX ) solid earnings report last week. According to...
Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 4.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Chemicals industry in Canada. 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.
お知らせ • Oct 30Methanex Corporation Provides Production Guidance for the Fourth quarter and full Year 2025Methanex 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.
Upcoming Dividend • Sep 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 16 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%).
お知らせ • Sep 09Methanex Corporation to Report Q3, 2025 Results on Oct 29, 2025Methanex Corporation announced that they will report Q3, 2025 results at 5:00 PM, US Eastern Standard Time on Oct 29, 2025
Recent Insider Transactions • Sep 08Insider recently bought CA$620k worth of stockOn the 5th of September, Karine Delbarre bought around 12k shares on-market at roughly CA$52.76 per share. This transaction increased Karine's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$3.2m more in shares than they have sold in the last 12 months.
分析記事 • Aug 24Here's Why Methanex (TSE:MX) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Aug 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks High level of debt (85% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Declared Dividend • Aug 01Second quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 16th September 2025 Payment date: 30th September 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 13% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jul 31Methanex Corporation Provides Production Guidance for the Year 2025Methanex 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.
お知らせ • Jul 18Methanex Corporation Declares Quarterly Dividend, Payable on September 30, 2025Methanex 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.
お知らせ • Jun 27Methanex 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.
お知らせ • Jun 04Methanex Corporation to Report Q2, 2025 Results on Jul 30, 2025Methanex Corporation announced that they will report Q2, 2025 results at 5:00 PM, US Eastern Standard Time on Jul 30, 2025
お知らせ • May 01+ 2 more updatesMethanex Corporation Announces Successful Restart of Geismar 3Methanex Corporation announced that its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana has successfully restarted and begun producing methanol following an unplanned outage in late February.
Major Estimate Revision • Apr 30Consensus EPS estimates fall by 36%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$2.79 to US$1.80 per share. Revenue forecast steady at US$4.18b. Net income forecast to grow 45% next year vs 53% growth forecast for Chemicals industry in Canada. Consensus price target of CA$76.82 unchanged from last update. Share price was steady at CA$43.20 over the past week.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CA$43.07, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Chemicals industry in Canada. Total loss to shareholders of 30% over the past three years.
Major Estimate Revision • Apr 07Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$4.38b to US$4.29b. EPS estimate also fell from US$3.87 per share to US$2.79 per share. Net income forecast to grow 45% next year vs 53% growth forecast for Chemicals industry in Canada. Consensus price target of CA$78.79 unchanged from last update. Share price fell 23% to CA$39.05 over the past week.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CA$43.78, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Chemicals industry in Canada. Total loss to shareholders of 34% over the past three years.
分析記事 • Mar 26Is There Now An Opportunity In Methanex Corporation (TSE:MX)?Methanex Corporation ( TSE:MX ), is not the largest company out there, but it saw significant share price movement...
お知らせ • Mar 21Robert Kostelnik and Margaret Walker Announces Not Stand for Re-Election to the Board of Methanex CorporationMethanex Corporation announced that Mr. Robert Kostelnik and Ms. Margaret Walker are not standing for re-election at the Meeting.
Recent Insider Transactions • Mar 13Insider recently bought CA$613k worth of stockOn the 11th of March, Kevin Maloney bought around 11k shares on-market at roughly CA$53.76 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.7m more in shares than they have sold in the last 12 months.
分析記事 • Mar 11Methanex Corporation (TSE:MX) Stock's 27% Dive Might Signal An Opportunity But It Requires Some ScrutinyMethanex Corporation ( TSE:MX ) shares have had a horrible month, losing 27% after a relatively good period beforehand...
Upcoming Dividend • Mar 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 17 March 2025. Payment date: 31 March 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (4.1%).
Reported Earnings • Mar 09Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$2.43 (down from US$2.57 in FY 2023). Revenue: US$3.72b (flat on FY 2023). Net income: US$164.0m (down 5.8% from FY 2023). Profit margin: 4.4% (down from 4.7% in FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 06Methanex Corporation to Report Q1, 2025 Results on Apr 30, 2025Methanex Corporation announced that they will report Q1, 2025 results at 5:00 PM, Eastern Standard Time on Apr 30, 2025
New Risk • Mar 04New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
分析記事 • Feb 07Investors Can Find Comfort In Methanex's (TSE:MX) Earnings QualityMethanex Corporation's ( TSE:MX ) stock was strong despite it releasing a soft earnings report last week. We think that...
お知らせ • Feb 07Methanex Corporation, Annual General Meeting, May 01, 2025Methanex Corporation, Annual General Meeting, May 01, 2025.
Major Estimate Revision • Feb 05Consensus EPS estimates increase by 35%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$4.38b to US$4.44b. EPS estimate increased from US$2.87 to US$3.87 per share. Net income forecast to grow 62% next year vs 58% growth forecast for Chemicals industry in Canada. Consensus price target of CA$78.73 unchanged from last update. Share price rose 3.9% to CA$74.71 over the past week.
Declared Dividend • Feb 03Fourth quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 57% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 31Methanex Corporation Declares Quarterly Dividend, Payable on March 31, 2025Methanex 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.
Reported Earnings • Jan 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: US$2.43 (down from US$2.57 in FY 2023). Revenue: US$3.72b (flat on FY 2023). Net income: US$164.0m (down 5.8% from FY 2023). Profit margin: 4.4% (down from 4.7% in FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Jan 30Methanex Corporation Provides Consolidated Production Guidance for the Year 2025Methanex 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.
分析記事 • Jan 24These 4 Measures Indicate That Methanex (TSE:MX) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
新しいナラティブ • Jan 16Full Operation At G3 Plant Will Increase Production Capacity By 18 Million Tonnes Per Year Successful G3 plant operations and new gas contracts in Chile enhance production capacity and stabilize revenues, benefiting future earnings.
分析記事 • Dec 21What Does Methanex Corporation's (TSE:MX) Share Price Indicate?While Methanex Corporation ( TSE:MX ) might not have the largest market cap around , it led the TSX gainers with a...
Upcoming Dividend • Dec 10Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 17 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (4.1%).
お知らせ • Nov 27Methanex Corporation to Report Q4, 2024 Results on Jan 29, 2025Methanex Corporation announced that they will report Q4, 2024 results at 5:00 PM, US Eastern Standard Time on Jan 29, 2025
Declared Dividend • Nov 22Third quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 17th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 86% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 20Methanex Corporation Declares Quarterly Dividend, Payable on December 31, 2024Methanex 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.
Reported Earnings • Nov 12Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.46 (up from US$0.36 in 3Q 2023). Revenue: US$934.8m (up 14% from 3Q 2023). Net income: US$31.1m (up 28% from 3Q 2023). Profit margin: 3.3% (up from 2.9% in 3Q 2023). Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Nov 07Methanex Corporation Provides Production Guidance for the Fourth Quarter 2024Methanex 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.
お知らせ • Sep 10Methanex 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.
お知らせ • Sep 04Methanex Corporation to Report Q3, 2024 Results on Nov 06, 2024Methanex Corporation announced that they will report Q3, 2024 results on Nov 06, 2024
お知らせ • Aug 13Methanex Corporation Announces to Temporarily Idle New Zealand Operations to Assist in Improving Energy BalancesMethanex 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.
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CA$55.93, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Chemicals industry in Canada. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$23.51 per share.
Reported Earnings • Jul 31Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: US$0.52 (down from US$0.84 in 2Q 2023). Revenue: US$920.4m (down 2.0% from 2Q 2023). Net income: US$35.2m (down 38% from 2Q 2023). Profit margin: 3.8% (down from 6.0% in 2Q 2023). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
分析記事 • Jul 29Unpleasant Surprises Could Be In Store For Methanex Corporation's (TSE:MX) SharesMethanex Corporation's ( TSE:MX ) price-to-earnings (or "P/E") ratio of 19.2x might make it look like a sell right now...
Declared Dividend • Jul 22First quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
お知らせ • Jul 19Methanex Corporation Declares Quarterly Dividend, Payable on September 30, 2024Methanex 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.
分析記事 • Jul 12Should You Investigate Methanex Corporation (TSE:MX) At CA$68.73?Methanex Corporation ( TSE:MX ), is not the largest company out there, but it saw a double-digit share price rise of...
分析記事 • Jun 09Methanex (TSE:MX) May Have Issues Allocating Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Upcoming Dividend • Jun 07Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (3.7%).
お知らせ • May 29Methanex Corporation to Report Q2, 2024 Results on Jul 30, 2024Methanex Corporation announced that they will report Q2, 2024 results at 5:00 PM, US Eastern Standard Time on Jul 30, 2024
分析記事 • May 24Methanex (TSE:MX) Has A Somewhat Strained Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Declared Dividend • May 20First quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
お知らせ • Apr 27Methanex Corporation Approves Appointment of Roger Perreault to its Board of DirectorsMethanex 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.
お知らせ • Apr 26+ 1 more updateMethanex Corporation Updates Production Guidance for the Year 2024Methanex Corporation updated production guidance for the year 2024. The company expects production guidance for 2024 to approximately 7.0 million tonnes (Methanex interest). 2024 production guidance has been lowered primarily because of the Geismar 3 start-up delay. This expected production guidance is based on the mid-point of Chile and New Zealand production guidance, G3 starting up in the third quarter and operating at full rates in the fourth quarter, Egypt restart in the first half of February, and all other plants operating at full rates. Actual production may vary by quarter based on timing of turnarounds, gas availability, unplanned outages and unanticipated events.
お知らせ • Mar 07Methanex Corporation to Report Q1, 2024 Results on Apr 24, 2024Methanex Corporation announced that they will report Q1, 2024 results at 5:00 PM, US Eastern Standard Time on Apr 24, 2024
お知らせ • Feb 21Methanex Corporation Provides Update on Geismar 3 Methanol Plant in Geismar, LouisianaMethanex 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.
お知らせ • Feb 02Methanex Corporation Declares Quarterly Dividend, Payable on March 28, 2024Methanex 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.
お知らせ • Nov 28Methanex Corporation to Report Fiscal Year 2023 Results on Jan 31, 2024Methanex Corporation announced that they will report fiscal year 2023 results at 5:00 PM, US Eastern Standard Time on Jan 31, 2024
お知らせ • Nov 23Methanex Corporation Provides Update on Egypt OperationsMethanex 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.
お知らせ • Nov 17Methanex Corporation Declares Quarterly Dividend, Payable on December 29, 2023Methanex 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.
分析記事 • Nov 15Methanex (TSE:MX) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Oct 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks High level of debt (70% net debt to equity). Profit margins are more than 30% lower than last year (4.8% net profit margin).
Reported Earnings • Oct 26Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$0.36 (down from US$0.98 in 3Q 2022). Revenue: US$823.3m (down 19% from 3Q 2022). Net income: US$24.2m (down 65% from 3Q 2022). Profit margin: 2.9% (down from 6.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 26Methanex Corporation Provides Production Guidance for the Year 2023Methanex 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.
分析記事 • Oct 19When Should You Buy Methanex Corporation (TSE:MX)?While Methanex Corporation ( TSE:MX ) might not be the most widely known stock at the moment, it received a lot of...
お知らせ • Sep 19Methanex Corporation Appoints John Sampson to Its Board of DirectorsMethanex 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.
