company background image
MX

Methanex TSX:MX Stock Report

Last Price

CA$62.54

Market Cap

CA$4.5b

7D

2.0%

1Y

43.0%

Updated

22 May, 2022

Data

Company Financials +
MX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends2/6

MX Stock Overview

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America.

Methanex Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Methanex
Historical stock prices
Current Share PriceCA$62.54
52 Week HighCA$71.63
52 Week LowCA$37.85
Beta2.07
1 Month Change-4.42%
3 Month Change2.41%
1 Year Change43.05%
3 Year Change3.15%
5 Year Change8.69%
Change since IPO1,289.78%

Recent News & Updates

May 16
Methanex (TSE:MX) Has A Pretty Healthy Balance Sheet

Methanex (TSE:MX) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

MXCA ChemicalsCA Market
7D2.0%-2.1%0.8%
1Y43.0%60.5%4.8%

Return vs Industry: MX underperformed the Canadian Chemicals industry which returned 60.5% over the past year.

Return vs Market: MX exceeded the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is MX's price volatile compared to industry and market?
MX volatility
MX Average Weekly Movement6.4%
Chemicals Industry Average Movement12.2%
Market Average Movement9.8%
10% most volatile stocks in CA Market17.0%
10% least volatile stocks in CA Market4.4%

Stable Share Price: MX is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19681,300John Florenhttps://www.methanex.com

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 and on the spot market. In addition, it owns and leases storage and terminal facilities.

Methanex Fundamentals Summary

How do Methanex's earnings and revenue compare to its market cap?
MX fundamental statistics
Market CapUS$3.53b
Earnings (TTM)US$496.19m
Revenue (TTM)US$4.57b

7.1x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MX income statement (TTM)
RevenueUS$4.57b
Cost of RevenueUS$3.40b
Gross ProfitUS$1.17b
Other ExpensesUS$674.03m
EarningsUS$496.19m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.85
Gross Margin25.58%
Net Profit Margin10.85%
Debt/Equity Ratio93.5%

How did MX perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

6%

Payout Ratio

Does MX pay a reliable dividends?

See MX dividend history and benchmarks
When do you need to buy MX by to receive an upcoming dividend?
Methanex dividend dates
Ex Dividend DateJun 15 2022
Dividend Pay DateJun 30 2022
Days until Ex dividend23 days
Days until Dividend pay date38 days

Does MX pay a reliable dividends?

See MX dividend history and benchmarks

Valuation

Is Methanex undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MX (CA$62.54) is trading below our estimate of fair value (CA$152.29)

Significantly Below Fair Value: MX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MX is good value based on its PE Ratio (7.1x) compared to the Canadian Chemicals industry average (8.1x).

PE vs Market: MX is good value based on its PE Ratio (7.1x) compared to the Canadian market (11.4x).


Price to Earnings Growth Ratio

PEG Ratio: MX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MX is good value based on its PB Ratio (1.8x) compared to the CA Chemicals industry average (2.5x).


Future Growth

How is Methanex forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-21.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MX's earnings are forecast to decline over the next 3 years (-21.3% per year).

Earnings vs Market: MX's earnings are forecast to decline over the next 3 years (-21.3% per year).

High Growth Earnings: MX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MX's revenue (0.5% per year) is forecast to grow slower than the Canadian market (6.4% per year).

High Growth Revenue: MX's revenue (0.5% 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 (12.3%).


Past Performance

How has Methanex performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MX has high quality earnings.

Growing Profit Margin: MX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MX's earnings have declined by 12.2% per year over the past 5 years.

Accelerating Growth: MX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (31.5%).


Return on Equity

High ROE: MX's Return on Equity (24.7%) is considered high.


Financial Health

How is Methanex's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MX's short term assets ($2.1B) exceed its short term liabilities ($936.5M).

Long Term Liabilities: MX's short term assets ($2.1B) do not cover its long term liabilities ($3.2B).


Debt to Equity History and Analysis

Debt Level: MX's net debt to equity ratio (44.7%) is considered high.

Reducing Debt: MX's debt to equity ratio has increased from 81.5% to 93.5% over the past 5 years.

Debt Coverage: MX's debt is well covered by operating cash flow (53.4%).

Interest Coverage: MX's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


Dividend

What is Methanex current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.19%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 23 2022Ex Dividend DateJun 15 2022Dividend Pay DateJun 30 202215 days from Ex DividendBuy in the next 23 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MX's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.91%).

High Dividend: MX's dividend (1.19%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).


Stability and Growth of Payments

Stable Dividend: MX's dividend payments have been volatile in the past 10 years.

Growing Dividend: MX's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (6.3%), MX's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (5%), MX's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

John Floren (62 yo)

9.33yrs

Tenure

US$8,290,433

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 ($USD8.29M) is above average for companies of similar size in the Canadian market ($USD3.43M).

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 (7.3 years average tenure).


Board Members

Experienced Board: MX's board of directors are considered experienced (3.9 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 employee growth, exchange listings and data sources


Key Information

  • Name: Methanex Corporation
  • Ticker: MX
  • Exchange: TSX
  • Founded: 1968
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: CA$4.528b
  • Shares outstanding: 72.41m
  • Website: https://www.methanex.com

Number of Employees


Location

  • Methanex Corporation
  • 1800 Waterfront Centre
  • 200 Burrard Street
  • Vancouver
  • British Columbia
  • V6C 3M1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.