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Methanex Corp. (TSE:MX)
TSX:MX
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MX Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$49.21 - C$74.25
Previous CloseC$53.83
Volume202.46K
Average Volume (3M)124.68K
Market Cap
C$3.63B
Enterprise ValueC$7.50B
Total Cash (Recent Filing)$426.13M
Total Debt (Recent Filing)$3.00B
Price to Earnings (P/E)18.3
Beta1.26
Next Earnings
Oct 23, 2024EPS Estimate
C$0.66Last Dividend Ex-Date
Sep 16, 2024Dividend Yield1.88%
Share Statistics
EPS (TTM)2.93
Shares Outstanding67,387,492
10 Day Avg. Volume229,355
30 Day Avg. Volume124,676
Standard Deviation0.14
R-Squared0.36
Alpha0.00601
Financial Highlights & Ratios
Price to Book (P/B)1.80
Price to Sales (P/S)0.74
Price to Cash Flow (P/CF)4.30
P/FCF Ratio4.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.09
Enterprise Value/Gross Profit11.44
Enterprise Value/Ebitda9.62
Forecast
1Y Price Target
C$75.94Price Target Upside41.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Methanex News
Bulls Say, Bears Say
Bulls Say
Industry TrendsNew ship build orders appear to be skewing in favor of methanol-compatible ships: of 33 new orders for alternative fueled ships in May, 23 were methanol-compatible ships.
Market ValuationMethanex currently trades at approximately 50% of replacement value, suggesting a triple by the next peak.
Operational EfficiencyMethanex believes it can run the acquired assets better than OCI and achieve better operating rates.
Bears Say
Financial PerformanceRe-leveraging the balance sheet brings increased tail risk, with pro-forma leverage likely growing >5x EBITDA in a recession scenario.
Investor SentimentInvestor concerns around the transaction risks are neither likely to be easily assuaged in the near term nor sufficiently discounted / de-risked in current equity valuation.
Operating ReliabilityNatgasoline JV has struggled with maintaining high operating rates, running at ~60-70% utilization rate over the past five years.
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Options Prices
Currently, No data available
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Ownership Overview
50.21%
Insiders
10.57% Mutual Funds
32.88% Other Institutional Investors
6.34% Public Companies and
Individual Investors
MX FAQ
What was Methanex Corp.’s price range in the past 12 months?
Methanex Corp. lowest stock price was C$49.21 and its highest was C$74.25 in the past 12 months.
What is Methanex Corp.’s market cap?
Currently, no data Available
When is Methanex Corp.’s upcoming earnings report date?
Methanex Corp.’s upcoming earnings report date is Oct 23, 2024 which is in 33 days.
How were Methanex Corp.’s earnings last quarter?
Methanex Corp. released its earnings results on Jul 30, 2024. The company reported C$0.856 earnings per share for the quarter, beating the consensus estimate of C$0.718 by C$0.138.
Is Methanex Corp. overvalued?
According to Wall Street analysts Methanex Corp.’s price is currently Undervalued.
Does Methanex Corp. pay dividends?
Methanex Corp. pays a Quarterly dividend of C$0.25 which represents an annual dividend yield of 1.88%. See more information on Methanex Corp. dividends here
What is Methanex Corp.’s EPS estimate?
Methanex Corp.’s EPS estimate is C$0.66.
How many shares outstanding does Methanex Corp. have?
Methanex Corp. has 67,387,490 shares outstanding.
What happened to Methanex Corp.’s price movement after its last earnings report?
Methanex Corp. reported an EPS of C$0.856 in its last earnings report, beating expectations of C$0.718. Following the earnings report the stock price went up 3.788%.
Which hedge fund is a major shareholder of Methanex Corp.?
Among the largest hedge funds holding Methanex Corp.’s share is Moore Capital Management LP. It holds Methanex Corp.’s shares valued at 6M.
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Methanex Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$75.94 (41.08% Upside)
C$75.94 (41.08% Upside)
Blogger Sentiment
Bullish
TSE:MX Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 126.1K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-2.29%
12-Months-Change
Fundamentals
Return on Equity
7.35%
Trailing 12-Months
Asset Growth
0.20%
Trailing 12-Months
Company Description
Methanex Corp.
Methanex Corp. is a producer and supplier of methanol. It operates the methanol ocean tanker fleet. The company was founded on March 11, 1968 and is headquartered in Vancouver, Canada.
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MX Earnings Call
Q2 2024
0:00 / 0:00
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MX Stock 12 Month Forecast
Average Price Target
C$75.94
▲(41.08% Upside)
Technical Analysis
Best Analysts Covering MX
1 Year
1 Year Success Rate
13/24 ratings generated profit
1 Year Average Return
+13.79%
assigned a buy rating 10 days ago
Copying Charles Neivert's trades and holding each position for 1 Year would result in 54.17% of your transactions generating a profit, with an average return of +13.79% per trade.
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