METHANEX CORP (MX.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:MX • CA59151K1084
67.25 CAD
+1.86 (+2.84%)
Last: Feb 3, 2026, 07:00 PM
Taking everything into account, MX scores 6 out of 10 in our fundamental rating. MX was compared to 27 industry peers in the Chemicals industry. MX scores excellent on profitability, but there are some minor concerns on its financial health. MX scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings would make MX suitable for value investing!
1. Profitability
1.1 Basic Checks
- In the past year MX was profitable.
- MX had a positive operating cash flow in the past year.
- Of the past 5 years MX 4 years were profitable.
- In the past 5 years MX always reported a positive cash flow from operatings.
1.2 Ratios
- MX's Return On Assets of 2.84% is amongst the best of the industry. MX outperforms 81.48% of its industry peers.
- With an excellent Return On Equity value of 8.31%, MX belongs to the best of the industry, outperforming 85.19% of the companies in the same industry.
- MX has a better Return On Invested Capital (5.46%) than 85.19% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MX is below the industry average of 7.57%.
- The last Return On Invested Capital (5.46%) for MX is above the 3 year average (4.64%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.84% | ||
| ROE | 8.31% | ||
| ROIC | 5.46% |
ROA(3y)3.51%
ROA(5y)3.14%
ROE(3y)11.2%
ROE(5y)9.72%
ROIC(3y)4.64%
ROIC(5y)N/A
1.3 Margins
- MX's Profit Margin of 5.99% is amongst the best of the industry. MX outperforms 88.89% of its industry peers.
- MX's Profit Margin has improved in the last couple of years.
- The Operating Margin of MX (14.45%) is better than 81.48% of its industry peers.
- MX's Operating Margin has improved in the last couple of years.
- The Gross Margin of MX (25.93%) is better than 62.96% of its industry peers.
- MX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.45% | ||
| PM (TTM) | 5.99% | ||
| GM | 25.93% |
OM growth 3Y-18.5%
OM growth 5Y15.49%
PM growth 3Y-26.11%
PM growth 5Y10.52%
GM growth 3Y0.81%
GM growth 5Y5.2%
2. Health
2.1 Basic Checks
- MX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- MX has about the same amout of shares outstanding than it did 1 year ago.
- MX has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, MX has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.61, we must say that MX is in the distress zone and has some risk of bankruptcy.
- MX has a Altman-Z score of 1.61. This is in the better half of the industry: MX outperforms 66.67% of its industry peers.
- The Debt to FCF ratio of MX is 3.90, which is a good value as it means it would take MX, 3.90 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of MX (3.90) is better than 96.30% of its industry peers.
- MX has a Debt/Equity ratio of 1.34. This is a high value indicating a heavy dependency on external financing.
- MX's Debt to Equity ratio of 1.34 is on the low side compared to the rest of the industry. MX is outperformed by 74.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 3.9 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.5
WACC10.82%
2.3 Liquidity
- A Current Ratio of 2.09 indicates that MX has no problem at all paying its short term obligations.
- MX's Current ratio of 2.09 is fine compared to the rest of the industry. MX outperforms 66.67% of its industry peers.
- MX has a Quick Ratio of 1.33. This is a normal value and indicates that MX is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of MX (1.33) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.09 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
- MX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.00%, which is quite good.
- MX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.95% yearly.
- Looking at the last year, MX shows a decrease in Revenue. The Revenue has decreased by -3.36% in the last year.
- Measured over the past years, MX shows a small growth in Revenue. The Revenue has been growing by 2.53% on average per year.
EPS 1Y (TTM)19%
EPS 3Y-14.87%
EPS 5Y31.95%
EPS Q2Q%-95.04%
Revenue 1Y (TTM)-3.36%
Revenue growth 3Y-5.55%
Revenue growth 5Y2.53%
Sales Q2Q%-0.79%
3.2 Future
- The Earnings Per Share is expected to decrease by -8.42% on average over the next years.
- MX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.53% yearly.
EPS Next Y-14.63%
EPS Next 2Y-1.98%
EPS Next 3Y3.13%
EPS Next 5Y-8.42%
Revenue Next Year-2.72%
Revenue Next 2Y4.64%
Revenue Next 3Y3.53%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 13.78, the valuation of MX can be described as correct.
- Compared to the rest of the industry, the Price/Earnings ratio of MX indicates a rather cheap valuation: MX is cheaper than 92.59% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of MX to the average of the S&P500 Index (28.25), we can say MX is valued rather cheaply.
- MX is valuated correctly with a Price/Forward Earnings ratio of 13.78.
- Based on the Price/Forward Earnings ratio, MX is valued cheaper than 85.19% of the companies in the same industry.
- MX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.50.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.78 | ||
| Fwd PE | 13.78 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MX indicates a rather cheap valuation: MX is cheaper than 85.19% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, MX is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.11 | ||
| EV/EBITDA | 7.57 |
4.3 Compensation for Growth
- The excellent profitability rating of MX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.43
EPS Next 2Y-1.98%
EPS Next 3Y3.13%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.60%, MX has a reasonable but not impressive dividend return.
- MX's Dividend Yield is a higher than the industry average which is at 2.25.
- Compared to an average S&P500 Dividend Yield of 1.82, MX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
5.2 History
- The dividend of MX decreases each year by -12.05%.
- MX has been paying a dividend for at least 10 years, so it has a reliable track record.
- MX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-12.05%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- 24.20% of the earnings are spent on dividend by MX. This is a low number and sustainable payout ratio.
- MX's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP24.2%
EPS Next 2Y-1.98%
EPS Next 3Y3.13%
TSX:MX (2/3/2026, 7:00:00 PM)
67.25
+1.86 (+2.84%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-04 2026-02-04/amc
Inst Owners69.22%
Inst Owner ChangeN/A
Ins Owners0.6%
Ins Owner ChangeN/A
Market Cap5.20B
Revenue(TTM)3.57B
Net Income(TTM)213.70M
Analysts84.62
Price Target52.22 (-22.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
Yearly Dividend1
Dividend Growth(5Y)-12.05%
DP24.2%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)50.49%
Min EPS beat(2)-85.85%
Max EPS beat(2)186.83%
EPS beat(4)2
Avg EPS beat(4)27.34%
Min EPS beat(4)-85.85%
Max EPS beat(4)186.83%
EPS beat(8)6
Avg EPS beat(8)45.19%
EPS beat(12)10
Avg EPS beat(12)44.37%
EPS beat(16)12
Avg EPS beat(16)31.74%
Revenue beat(2)0
Avg Revenue beat(2)-8.02%
Min Revenue beat(2)-8.23%
Max Revenue beat(2)-7.81%
Revenue beat(4)0
Avg Revenue beat(4)-9.78%
Min Revenue beat(4)-14.78%
Max Revenue beat(4)-7.81%
Revenue beat(8)3
Avg Revenue beat(8)-4.05%
Revenue beat(12)5
Avg Revenue beat(12)-2%
Revenue beat(16)6
Avg Revenue beat(16)-1.78%
PT rev (1m)0%
PT rev (3m)-0.39%
EPS NQ rev (1m)-2.83%
EPS NQ rev (3m)-2.83%
EPS NY rev (1m)-0.75%
EPS NY rev (3m)-13.06%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)-8.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.78 | ||
| Fwd PE | 13.78 | ||
| P/S | 1.07 | ||
| P/FCF | 4.11 | ||
| P/OCF | 3.6 | ||
| P/B | 1.48 | ||
| P/tB | 1.48 | ||
| EV/EBITDA | 7.57 |
EPS(TTM)4.88
EY7.26%
EPS(NY)4.88
Fwd EY7.26%
FCF(TTM)16.38
FCFY24.36%
OCF(TTM)18.67
OCFY27.76%
SpS63.03
BVpS45.38
TBVpS45.38
PEG (NY)N/A
PEG (5Y)0.43
Graham Number70.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.84% | ||
| ROE | 8.31% | ||
| ROCE | 7.58% | ||
| ROIC | 5.46% | ||
| ROICexc | 5.81% | ||
| ROICexgc | 5.81% | ||
| OM | 14.45% | ||
| PM (TTM) | 5.99% | ||
| GM | 25.93% | ||
| FCFM | 25.99% |
ROA(3y)3.51%
ROA(5y)3.14%
ROE(3y)11.2%
ROE(5y)9.72%
ROIC(3y)4.64%
ROIC(5y)N/A
ROICexc(3y)5.37%
ROICexc(5y)N/A
ROICexgc(3y)5.37%
ROICexgc(5y)N/A
ROCE(3y)6.45%
ROCE(5y)N/A
ROICexgc growth 3Y-27.29%
ROICexgc growth 5Y14.09%
ROICexc growth 3Y-27.29%
ROICexc growth 5Y14.09%
OM growth 3Y-18.5%
OM growth 5Y15.49%
PM growth 3Y-26.11%
PM growth 5Y10.52%
GM growth 3Y0.81%
GM growth 5Y5.2%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 3.9 | ||
| Debt/EBITDA | 3.73 | ||
| Cap/Depr | 31.59% | ||
| Cap/Sales | 3.63% | ||
| Interest Coverage | 2.62 | ||
| Cash Conversion | 114.22% | ||
| Profit Quality | 434.11% | ||
| Current Ratio | 2.09 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | 1.61 |
F-Score6
WACC10.82%
ROIC/WACC0.5
Cap/Depr(3y)104.87%
Cap/Depr(5y)95.59%
Cap/Sales(3y)10.04%
Cap/Sales(5y)9.71%
Profit Quality(3y)193.63%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19%
EPS 3Y-14.87%
EPS 5Y31.95%
EPS Q2Q%-95.04%
EPS Next Y-14.63%
EPS Next 2Y-1.98%
EPS Next 3Y3.13%
EPS Next 5Y-8.42%
Revenue 1Y (TTM)-3.36%
Revenue growth 3Y-5.55%
Revenue growth 5Y2.53%
Sales Q2Q%-0.79%
Revenue Next Year-2.72%
Revenue Next 2Y4.64%
Revenue Next 3Y3.53%
Revenue Next 5YN/A
EBIT growth 1Y105.99%
EBIT growth 3Y-23.02%
EBIT growth 5Y18.41%
EBIT Next Year163.2%
EBIT Next 3Y46.67%
EBIT Next 5Y29.76%
FCF growth 1Y478.85%
FCF growth 3Y-9.07%
FCF growth 5Y24.08%
OCF growth 1Y51.94%
OCF growth 3Y-9.49%
OCF growth 5Y7.42%
METHANEX CORP / MX.CA FAQ
What is the fundamental rating for MX stock?
ChartMill assigns a fundamental rating of 6 / 10 to MX.CA.
What is the valuation status for MX stock?
ChartMill assigns a valuation rating of 7 / 10 to METHANEX CORP (MX.CA). This can be considered as Undervalued.
What is the profitability of MX stock?
METHANEX CORP (MX.CA) has a profitability rating of 8 / 10.
What is the financial health of METHANEX CORP (MX.CA) stock?
The financial health rating of METHANEX CORP (MX.CA) is 5 / 10.
What is the earnings growth outlook for METHANEX CORP?
The Earnings per Share (EPS) of METHANEX CORP (MX.CA) is expected to decline by -14.63% in the next year.