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$44.48|
|52 Week High||CA$71.63|
|52 Week Low||CA$39.00|
|1 Month Change||-14.30%|
|3 Month Change||-9.54%|
|1 Year Change||-25.46%|
|3 Year Change||-2.56%|
|5 Year Change||-30.68%|
|Change since IPO||888.44%|
Recent News & Updates
Do Methanex's (TSE:MX) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
|MX||CA Chemicals||CA Market|
Return vs Industry: MX underperformed the Canadian Chemicals industry which returned 26.3% over the past year.
Return vs Market: MX underperformed the Canadian Market which returned -7.3% over the past year.
|MX Average Weekly Movement||6.8%|
|Chemicals Industry Average Movement||11.9%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||18.2%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: MX is not significantly more volatile than the rest 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.
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$3.44b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 26, 2022
|Earnings per share (EPS)||7.34|
|Net Profit Margin||11.08%|
How did MX perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is MX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MX?
Other financial metrics that can be useful for relative valuation.
|What is MX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MX's PE Ratio compare to its peers?
|MX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BOS AirBoss of America
AGI Alamos Gold
Price-To-Earnings vs Peers: MX is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (22.1x).
Price to Earnings Ratio vs Industry
How does MX's PE Ratio compare vs other companies in the North American Chemicals Industry?
Price-To-Earnings vs Industry: MX is good value based on its Price-To-Earnings Ratio (4.4x) compared to the North American Chemicals industry average (10.8x)
Price to Earnings Ratio vs Fair Ratio
What is MX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||4.4x|
|Fair PE Ratio||5.5x|
Price-To-Earnings vs Fair Ratio: MX is good value based on its Price-To-Earnings Ratio (4.4x) compared to the estimated Fair Price-To-Earnings Ratio (5.5x).
Share Price vs Fair Value
What is the Fair Price of MX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MX (CA$44.48) is trading below our estimate of fair value (CA$217.1)
Significantly Below Fair Value: MX is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Methanex forecast to perform in the next 1 to 3 years based on estimates from 8 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 (-28.6% per year).
Earnings vs Market: MX's earnings are forecast to decline over the next 3 years (-28.6% per year).
High Growth Earnings: MX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MX's revenue (1.5% per year) is forecast to grow slower than the Canadian market (5.8% per year).
High Growth Revenue: MX's revenue (1.5% 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 (13.8%).
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How has Methanex performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
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's current net profit margins (11.1%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: MX's earnings have declined by 8.2% per year over the past 5 years.
Accelerating Growth: MX's earnings growth over the past year (433.1%) exceeds its 5-year average (-8.2% per year).
Earnings vs Industry: MX earnings growth over the past year (433.1%) exceeded the Chemicals industry 278.8%.
Return on Equity
High ROE: MX's Return on Equity (24.6%) is considered high.
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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 ($1.9B) exceed its short term liabilities ($826.8M).
Long Term Liabilities: MX's short term assets ($1.9B) do not cover its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: MX's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: MX's debt to equity ratio has increased from 83.5% to 90.6% over the past 5 years.
Debt Coverage: MX's debt is well covered by operating cash flow (47.1%).
Interest Coverage: MX's interest payments on its debt are well covered by EBIT (5.4x coverage).
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What is Methanex current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Methanex Dividend Yield vs Market|
|Market Bottom 25% (CA)||2.0%|
|Market Top 25% (CA)||6.0%|
|Industry Average (Chemicals)||2.3%|
|Analyst forecast in 3 Years (Methanex)||2.0%|
Notable Dividend: MX's dividend (2.15%) is higher than the bottom 25% of dividend payers in the Canadian market (2.06%).
High Dividend: MX's dividend (2.15%) is low compared to the top 25% of dividend payers in the Canadian market (6.13%).
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 increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (7.5%), MX's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (8.1%), MX's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Floren (63 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
|John Floren's Compensation vs Methanex Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$8m||US$1m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$5m||US$1m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$6m||US$952k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$6m||US$842k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$6m||US$803k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$5m||US$708k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$4m||US$672k|
Compensation vs Market: John's total compensation ($USD8.29M) is above average for companies of similar size in the Canadian market ($USD2.36M).
Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.
Experienced Management: MX's management team is seasoned and experienced (7.7 years average tenure).
Experienced Board: MX's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|19 Sep 22||BuyCA$83,768||Maureen Howe||Individual||1,900||CA$44.10|
|22 Jun 22||BuyCA$4,980||Xiaoping Yang||Individual||100||CA$49.80|
|13 Jun 22||BuyCA$11,962||Xiaoping Yang||Individual||200||CA$60.45|
|12 May 22||BuyCA$6,120||Xiaoping Yang||Individual||100||CA$61.20|
|09 May 22||BuyCA$508,618||Nojan Abrary||Individual||8,039||CA$63.33|
|31 Mar 22||SellCA$511,125||Vanessa James||Individual||7,500||CA$68.15|
|21 Mar 22||SellCA$77,000||Sarah Boon||Individual||1,100||CA$70.00|
|21 Mar 22||SellCA$446,558||Nojan Abrary||Individual||6,379||CA$70.06|
|07 Mar 22||SellCA$210,000||Allard Mark||Individual||3,000||CA$70.00|
|18 Feb 22||BuyCA$6,118||Xiaoping Yang||Individual||100||CA$61.18|
|28 Jan 22||BuyCA$5,877||Xiaoping Yang||Individual||100||CA$58.77|
|14 Dec 21||BuyCA$390,697||James Bertram||Individual||7,875||CA$49.61|
|03 Dec 21||SellCA$152,736||Alejandro Larrive||Individual||3,000||CA$50.91|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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$3.119b
- Shares outstanding: 70.13m
- Website: https://www.methanex.com
Number of Employees
- Methanex Corporation
- 1800 Waterfront Centre
- 200 Burrard Street
- British Columbia
- V6C 3M1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MEOH||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Sep 1991|
|MX||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 1991|
|MX5||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1991|
|MEOH N||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Sep 1991|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 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.