Executive Summary
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
Similar Companies
Share Price & News
How has Methanex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MX is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MX's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
2.0%
MX
-2.3%
CA Chemicals
0.08%
CA Market
1 Year Return
146.8%
MX
51.7%
CA Chemicals
38.6%
CA Market
Return vs Industry: MX exceeded the Canadian Chemicals industry which returned 51.7% over the past year.
Return vs Market: MX exceeded the Canadian Market which returned 38.6% over the past year.
Shareholder returns
| MX | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | -2.3% | 0.08% |
| 30 Day | -9.3% | -5.3% | 1.1% |
| 90 Day | -7.6% | 2.3% | 7.8% |
| 1 Year | 148.0%146.8% | 58.0%51.7% | 43.2%38.6% |
| 3 Year | -39.4%-43.9% | 19.8%7.2% | 31.5%18.9% |
| 5 Year | 28.8%12.9% | 39.3%15.6% | 56.4%32.8% |
Long-Term Price Volatility Vs. Market
How volatile is Methanex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Health Check: How Prudently Does Methanex (TSE:MX) Use Debt?3 months ago | Simply Wall St
Is Methanex (TSE:MX) Using Debt In A Risky Way?4 months ago | Simply Wall St
Key Things To Understand About Methanex's (TSE:MX) CEO Pay ChequeValuation
Is Methanex undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MX (CA$48.24) is trading below our estimate of fair value (CA$219.38)
Significantly Below Fair Value: MX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MX is unprofitable, so we can't compare its PE Ratio to the CA Chemicals industry average.
PE vs Market: MX is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MX is good value based on its PB Ratio (2.5x) compared to the CA Chemicals industry average (3.8x).
Future Growth
How is Methanex forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
99.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: MX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MX's is expected to become profitable in the next 3 years.
Revenue vs Market: MX's revenue (9.2% per year) is forecast to grow faster than the Canadian market (7% per year).
High Growth Revenue: MX's revenue (9.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MX's Return on Equity is forecast to be low in 3 years time (13.1%).
Past Performance
How has Methanex performed over the past 5 years?
-8.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MX is currently unprofitable.
Growing Profit Margin: MX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MX is unprofitable, and losses have increased over the past 5 years at a rate of 8.1% per year.
Accelerating Growth: Unable to compare MX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MX is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (6.3%).
Return on Equity
High ROE: MX has a negative Return on Equity (-8.69%), as it is currently unprofitable.
Financial Health
How is Methanex's financial position?
Financial Position Analysis
Short Term Liabilities: MX's short term assets ($1.6B) exceed its short term liabilities ($765.4M).
Long Term Liabilities: MX's short term assets ($1.6B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: MX's debt to equity ratio (164%) is considered high.
Reducing Debt: MX's debt to equity ratio has increased from 78.1% to 164% over the past 5 years.
Debt Coverage: MX's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: Insufficient data to determine if MX's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Methanex current dividend yield, its reliability and sustainability?
0.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MX's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.5%).
High Dividend: MX's dividend (0.39%) is low compared to the top 25% of dividend payers in the Canadian market (4.81%).
Stability and Growth of Payments
Stable Dividend: MX is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: MX is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MX is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average management tenure
CEO
John Floren (61 yo)
8.25yrs
Tenure
US$5,304,910
Compensation
Mr. John N. Floren has been the Chief Executive Officer and President of Methanex Corporation since January 1, 2013. Mr. Floren served as a Senior Vice President of Global Marketing and Logistics at Methan...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD5.30M) is above average for companies of similar size in the Canadian market ($USD3.01M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MX's management team is seasoned and experienced (8.3 years average tenure).
Board Members
Experienced Board: MX's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MX insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Methanex Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Methanex Corporation
- Ticker: MX
- Exchange: TSX
- Founded: 1968
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: CA$3.821b
- Shares outstanding: 76.21m
- Website: https://www.methanex.com
Number of Employees
Location
- Methanex Corporation
- 1800 Waterfront Centre
- 200 Burrard Street
- Vancouver
- British Columbia
- V6C 3M1
- Canada
Listings
Biography
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/13 22:19 |
| End of Day Share Price | 2021/04/13 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.