MX Stock Overview
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$62.54|
|52 Week High||CA$71.63|
|52 Week Low||CA$37.85|
|1 Month Change||-4.42%|
|3 Month Change||2.41%|
|1 Year Change||43.05%|
|3 Year Change||3.15%|
|5 Year Change||8.69%|
|Change since IPO||1,289.78%|
Recent News & Updates
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...
|MX||CA Chemicals||CA Market|
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.
|MX Average Weekly Movement||6.4%|
|Chemicals Industry Average Movement||12.2%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||17.0%|
|10% least volatile stocks in CA Market||4.4%|
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
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
|MX fundamental statistics|
Is MX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MX income statement (TTM)|
|Cost of Revenue||US$3.40b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||6.85|
|Net Profit Margin||10.85%|
How did MX perform over the long term?See historical performance and comparison
1.2%Current Dividend Yield
Does MX pay a reliable dividends?See MX dividend history and benchmarks
|Methanex dividend dates|
|Ex Dividend Date||Jun 15 2022|
|Dividend Pay Date||Jun 30 2022|
|Days until Ex dividend||22 days|
|Days until Dividend pay date||37 days|
Does MX pay a reliable dividends?See MX dividend history and benchmarks
Is Methanex undervalued compared to its fair value and its price relative to the market?
Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
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).
How is Methanex forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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%).
How has Methanex performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
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.
How is Methanex's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
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 ($3.2B).
Debt to Equity History and Analysis
Debt Level: MX's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: MX's debt to equity ratio has increased from 81.5% to 93.5% over the past 5 years.
Debt Coverage: MX's debt is well covered by operating cash flow (53.4%).
Interest Coverage: MX's interest payments on its debt are well covered by EBIT (5.2x coverage).
What is Methanex current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MX's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: MX's dividend (1.19%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).
Stability and Growth of Payments
Stable Dividend: MX's dividend payments have been volatile in the past 10 years.
Growing Dividend: MX's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (6.3%), MX's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (5%), MX's dividend payments are thoroughly covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Floren (62 yo)
Mr. John N. Floren has been the Chief Executive Officer and President of Methanex Corporation since January 1, 2013. Mr. Floren served as a Senior Vice President of Global Marketing and Logistics at Methan...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($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.
Experienced Management: MX's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: MX's board of directors are considered experienced (3.9 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Methanex Corporation's employee growth, exchange listings and data sources
- 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
- Methanex Corporation
- 1800 Waterfront Centre
- 200 Burrard Street
- British Columbia
- V6C 3M1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/22 00:00|
|End of Day Share Price||2022/05/20 00:00|
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.