METHANEX CORP (MX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:MX - CA59151K1084 - Common Stock
66.85 CAD
+3.96 (+6.3%)
Overall MX gets a fundamental rating of 6 out of 10. We evaluated MX against 27 industry peers in the Chemicals industry. While MX belongs to the best of the industry regarding profitability, 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 could make MX a good candidate 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.
- MX had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years MX had a positive operating cash flow.
1.2 Ratios
- MX has a Return On Assets of 2.84%. This is amongst the best in the industry. MX outperforms 81.48% of its industry peers.
- MX has a Return On Equity of 8.31%. This is amongst the best in the industry. MX outperforms 85.19% of its industry peers.
- With an excellent Return On Invested Capital value of 5.46%, MX belongs to the best of the industry, outperforming 85.19% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for MX is below the industry average of 7.57%.
- The 3 year average ROIC (4.64%) for MX is below the current ROIC(5.46%), indicating increased profibility in the last year.
| 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 has a Profit Margin of 5.99%. This is amongst the best in the industry. MX outperforms 88.89% of its industry peers.
- MX's Profit Margin has improved in the last couple of years.
- MX has a better Operating Margin (14.45%) than 81.48% of its industry peers.
- MX's Operating Margin has improved in the last couple of years.
- MX has a Gross Margin of 25.93%. This is in the better half of the industry: MX outperforms 62.96% of its industry peers.
- In the last couple of years the Gross Margin of MX has grown nicely.
| 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.
- The number of shares outstanding for MX remains at a similar level compared to 1 year ago.
- MX has less shares outstanding than it did 5 years ago.
- MX has a worse debt/assets ratio than last year.
2.2 Solvency
- MX has an Altman-Z score of 1.61. This is a bad value and indicates that MX is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.61, MX is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- 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.
- MX has a better Debt to FCF ratio (3.90) 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 has a Debt to Equity ratio of 1.34. This is in the lower half of the industry: MX underperforms 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
WACC10.81%
2.3 Liquidity
- MX has a Current Ratio of 2.09. This indicates that MX is financially healthy and has no problem in meeting its short term obligations.
- MX has a Current ratio of 2.09. This is in the better half of the industry: MX outperforms 66.67% of its industry peers.
- A Quick Ratio of 1.33 indicates that MX should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.33, MX is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| 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.
- Measured over the past years, MX shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.95% on average per year.
- The Revenue has decreased by -3.36% in the past year.
- The Revenue has been growing slightly by 2.53% on average over the past years.
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.
- Based on estimates for the next years, MX will show a small growth in Revenue. The Revenue will grow by 3.53% on average per year.
EPS Next Y-13.98%
EPS Next 2Y-3.76%
EPS Next 3Y0.05%
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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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
- MX is valuated correctly with a Price/Earnings ratio of 13.59.
- 92.59% of the companies in the same industry are more expensive than MX, based on the Price/Earnings ratio.
- MX is valuated cheaply when we compare the Price/Earnings ratio to 27.32, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 14.07, MX is valued correctly.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MX indicates a rather cheap valuation: MX is cheaper than 85.19% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.30. MX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.59 | ||
| Fwd PE | 14.07 |
4.2 Price Multiples
- 85.19% of the companies in the same industry are more expensive than MX, based on the Enterprise Value to EBITDA ratio.
- MX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MX is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.04 | ||
| EV/EBITDA | 7.51 |
4.3 Compensation for Growth
- MX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.43
EPS Next 2Y-3.76%
EPS Next 3Y0.05%
5. Dividend
5.1 Amount
- MX has a Yearly Dividend Yield of 1.64%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 2.26, MX pays a bit more dividend than its industry peers.
- MX's Dividend Yield is comparable with the S&P500 average which is at 1.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
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.
- The Dividend Rate of MX has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP24.2%
EPS Next 2Y-3.76%
EPS Next 3Y0.05%
TSX:MX (1/21/2026, 7:00:00 PM)
66.85
+3.96 (+6.3%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)01-27 2026-01-27/amc
Inst Owners69.22%
Inst Owner ChangeN/A
Ins Owners0.6%
Ins Owner ChangeN/A
Market Cap5.17B
Revenue(TTM)3.57B
Net Income(TTM)213.70M
Analysts84.62
Price Target52.22 (-21.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
Yearly Dividend1.03
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)-0.39%
PT rev (3m)-0.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.22%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.24%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-5.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.59 | ||
| Fwd PE | 14.07 | ||
| P/S | 1.05 | ||
| P/FCF | 4.04 | ||
| P/OCF | 3.55 | ||
| P/B | 1.46 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | 7.51 |
EPS(TTM)4.92
EY7.36%
EPS(NY)4.75
Fwd EY7.11%
FCF(TTM)16.55
FCFY24.75%
OCF(TTM)18.85
OCFY28.2%
SpS63.66
BVpS45.84
TBVpS45.84
PEG (NY)N/A
PEG (5Y)0.43
Graham Number71.23
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
WACC10.81%
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-13.98%
EPS Next 2Y-3.76%
EPS Next 3Y0.05%
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 -13.98% in the next year.