METHANEX CORP (MX.CA) Fundamental Analysis & Valuation

TSX:MX • CA59151K1084

Current stock price

81.49 CAD
-1.18 (-1.43%)
Last:

This MX.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MX.CA Profitability Analysis

1.1 Basic Checks

  • MX had positive earnings in the past year.
  • In the past year MX had a positive cash flow from operations.
  • MX had positive earnings in each of the past 5 years.
  • MX had a positive operating cash flow in each of the past 5 years.
MX.CA Yearly Net Income VS EBIT VS OCF VS FCFMX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

1.2 Ratios

  • MX has a better Return On Assets (1.10%) than 82.14% of its industry peers.
  • MX has a better Return On Equity (3.27%) than 82.14% of its industry peers.
  • MX's Return On Invested Capital of 5.67% is fine compared to the rest of the industry. MX outperforms 78.57% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MX is below the industry average of 7.08%.
  • The 3 year average ROIC (4.75%) for MX is below the current ROIC(5.67%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.1%
ROE 3.27%
ROIC 5.67%
ROA(3y)2.1%
ROA(5y)3.91%
ROE(3y)6.71%
ROE(5y)13.1%
ROIC(3y)4.75%
ROIC(5y)6.47%
MX.CA Yearly ROA, ROE, ROICMX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • The Profit Margin of MX (2.23%) is better than 82.14% of its industry peers.
  • In the last couple of years the Profit Margin of MX has declined.
  • MX has a Operating Margin of 12.90%. This is in the better half of the industry: MX outperforms 78.57% of its industry peers.
  • In the last couple of years the Operating Margin of MX has grown nicely.
  • MX has a better Gross Margin (25.33%) than 64.29% of its industry peers.
  • MX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 12.9%
PM (TTM) 2.23%
GM 25.33%
OM growth 3Y4.13%
OM growth 5YN/A
PM growth 3Y-35.27%
PM growth 5YN/A
GM growth 3Y-2.97%
GM growth 5Y1.73%
MX.CA Yearly Profit, Operating, Gross MarginsMX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

5

2. MX.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MX is destroying value.
  • Compared to 1 year ago, MX has more shares outstanding
  • MX has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for MX has been reduced compared to a year ago.
MX.CA Yearly Shares OutstandingMX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
MX.CA Yearly Total Debt VS Total AssetsMX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • MX has an Altman-Z score of 1.73. 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 1.73, MX is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
  • The Debt to FCF ratio of MX is 3.83, which is a good value as it means it would take MX, 3.83 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 3.83, MX belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
  • A Debt/Equity ratio of 1.37 is on the high side and indicates that MX has dependencies on debt financing.
  • The Debt to Equity ratio of MX (1.37) is worse than 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF 3.83
Altman-Z 1.73
ROIC/WACC0.5
WACC11.44%
MX.CA Yearly LT Debt VS Equity VS FCFMX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 2.06 indicates that MX has no problem at all paying its short term obligations.
  • MX has a Current ratio of 2.06. This is in the better half of the industry: MX outperforms 67.86% of its industry peers.
  • A Quick Ratio of 1.37 indicates that MX should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.37, MX is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.06
Quick Ratio 1.37
MX.CA Yearly Current Assets VS Current LiabilitesMX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

3

3. MX.CA Growth Analysis

3.1 Past

  • The earnings per share for MX have decreased strongly by -41.13% in the last year.
  • Measured over the past years, MX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.69% on average per year.
  • Looking at the last year, MX shows a decrease in Revenue. The Revenue has decreased by -3.51% in the last year.
  • The Revenue has been growing slightly by 6.26% on average over the past years.
EPS 1Y (TTM)-41.13%
EPS 3Y-22.69%
EPS 5YN/A
EPS Q2Q%-111.29%
Revenue 1Y (TTM)-3.51%
Revenue growth 3Y-5.93%
Revenue growth 5Y6.26%
Sales Q2Q%2.09%

3.2 Future

  • The Earnings Per Share is expected to grow by 19.30% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 3.17% on average over the next years.
EPS Next Y79.47%
EPS Next 2Y37.19%
EPS Next 3Y19.3%
EPS Next 5YN/A
Revenue Next Year18.91%
Revenue Next 2Y4.63%
Revenue Next 3Y3.17%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MX.CA Yearly Revenue VS EstimatesMX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
MX.CA Yearly EPS VS EstimatesMX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 4 6

7

4. MX.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 27.25, which means the current valuation is very expensive for MX.
  • 89.29% of the companies in the same industry are more expensive than MX, based on the Price/Earnings ratio.
  • MX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 15.17 indicates a correct valuation of MX.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MX indicates a rather cheap valuation: MX is cheaper than 85.71% of the companies listed in the same industry.
  • MX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 27.25
Fwd PE 15.17
MX.CA Price Earnings VS Forward Price EarningsMX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 82.14% of the companies in the same industry are more expensive than MX, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MX indicates a rather cheap valuation: MX is cheaper than 96.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.03
EV/EBITDA 8.54
MX.CA Per share dataMX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • MX has an outstanding profitability rating, which may justify a higher PE ratio.
  • MX's earnings are expected to grow with 19.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y37.19%
EPS Next 3Y19.3%

5

5. MX.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.28%, MX has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.96, MX pays a bit more dividend than its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.81, MX is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.28%

5.2 History

  • The dividend of MX is nicely growing with an annual growth rate of 9.39%!
  • MX has paid a dividend for at least 10 years, which is a reliable track record.
  • MX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.39%
Div Incr Years0
Div Non Decr Years4
MX.CA Yearly Dividends per shareMX.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • 67.05% of the earnings are spent on dividend by MX. This is not a sustainable payout ratio.
  • The dividend of MX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP67.05%
EPS Next 2Y37.19%
EPS Next 3Y19.3%
MX.CA Yearly Income VS Free CF VS DividendMX.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M
MX.CA Dividend Payout.MX.CA Dividend Payout, showing the Payout Ratio.MX.CA Dividend Payout.PayoutRetained Earnings

MX.CA Fundamentals: All Metrics, Ratios and Statistics

METHANEX CORP

TSX:MX (4/24/2026, 7:00:00 PM)

81.49

-1.18 (-1.43%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)03-05
Earnings (Next)04-29
Inst Owners70.72%
Inst Owner ChangeN/A
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap6.30B
Revenue(TTM)3.59B
Net Income(TTM)79.87M
Analysts81.54
Price Target65.48 (-19.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.28%
Yearly Dividend1.01
Dividend Growth(5Y)9.39%
DP67.05%
Div Incr Years0
Div Non Decr Years4
Ex-Date03-17
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-103.16%
Min EPS beat(2)-120.47%
Max EPS beat(2)-85.85%
EPS beat(4)1
Avg EPS beat(4)-5.68%
Min EPS beat(4)-120.47%
Max EPS beat(4)186.83%
EPS beat(8)5
Avg EPS beat(8)22.76%
EPS beat(12)9
Avg EPS beat(12)31.18%
EPS beat(16)12
Avg EPS beat(16)24.36%
Revenue beat(2)0
Avg Revenue beat(2)-8.72%
Min Revenue beat(2)-9.63%
Max Revenue beat(2)-7.81%
Revenue beat(4)0
Avg Revenue beat(4)-10.11%
Min Revenue beat(4)-14.78%
Max Revenue beat(4)-7.81%
Revenue beat(8)2
Avg Revenue beat(8)-5.66%
Revenue beat(12)5
Avg Revenue beat(12)-2.74%
Revenue beat(16)6
Avg Revenue beat(16)-2.32%
PT rev (1m)20.22%
PT rev (3m)25.39%
EPS NQ rev (1m)-0.53%
EPS NQ rev (3m)-56.91%
EPS NY rev (1m)7.49%
EPS NY rev (3m)14.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.6%
Revenue NY rev (1m)5.09%
Revenue NY rev (3m)5.43%
Valuation
Industry RankSector Rank
PE 27.25
Fwd PE 15.17
P/S 1.28
P/FCF 5.03
P/OCF 4.54
P/B 1.89
P/tB 1.89
EV/EBITDA 8.54
EPS(TTM)2.99
EY3.67%
EPS(NY)5.37
Fwd EY6.59%
FCF(TTM)16.2
FCFY19.88%
OCF(TTM)17.95
OCFY22.03%
SpS63.44
BVpS43.19
TBVpS43.19
PEG (NY)0.34
PEG (5Y)N/A
Graham Number53.9006 (-33.86%)
Profitability
Industry RankSector Rank
ROA 1.1%
ROE 3.27%
ROCE 7.06%
ROIC 5.67%
ROICexc 6.06%
ROICexgc 6.06%
OM 12.9%
PM (TTM) 2.23%
GM 25.33%
FCFM 25.54%
ROA(3y)2.1%
ROA(5y)3.91%
ROE(3y)6.71%
ROE(5y)13.1%
ROIC(3y)4.75%
ROIC(5y)6.47%
ROICexc(3y)5.28%
ROICexc(5y)7.53%
ROICexgc(3y)5.28%
ROICexgc(5y)7.53%
ROCE(3y)5.91%
ROCE(5y)8.06%
ROICexgc growth 3Y-9.55%
ROICexgc growth 5YN/A
ROICexc growth 3Y-9.55%
ROICexc growth 5YN/A
OM growth 3Y4.13%
OM growth 5YN/A
PM growth 3Y-35.27%
PM growth 5YN/A
GM growth 3Y-2.97%
GM growth 5Y1.73%
F-Score5
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF 3.83
Debt/EBITDA 3.69
Cap/Depr 22.2%
Cap/Sales 2.76%
Interest Coverage 2.34
Cash Conversion 111.71%
Profit Quality 1147.53%
Current Ratio 2.06
Quick Ratio 1.37
Altman-Z 1.73
F-Score5
WACC11.44%
ROIC/WACC0.5
Cap/Depr(3y)60.59%
Cap/Depr(5y)80.88%
Cap/Sales(3y)6.49%
Cap/Sales(5y)7.69%
Profit Quality(3y)537.5%
Profit Quality(5y)376.73%
High Growth Momentum
Growth
EPS 1Y (TTM)-41.13%
EPS 3Y-22.69%
EPS 5YN/A
EPS Q2Q%-111.29%
EPS Next Y79.47%
EPS Next 2Y37.19%
EPS Next 3Y19.3%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.51%
Revenue growth 3Y-5.93%
Revenue growth 5Y6.26%
Sales Q2Q%2.09%
Revenue Next Year18.91%
Revenue Next 2Y4.63%
Revenue Next 3Y3.17%
Revenue Next 5YN/A
EBIT growth 1Y42.61%
EBIT growth 3Y-2.04%
EBIT growth 5YN/A
EBIT Next Year124.4%
EBIT Next 3Y24.3%
EBIT Next 5YN/A
FCF growth 1Y62.77%
FCF growth 3Y30.76%
FCF growth 5Y50.35%
OCF growth 1Y37.76%
OCF growth 3Y0.94%
OCF growth 5Y17.11%

METHANEX CORP / MX.CA Fundamental Analysis FAQ

What is the fundamental rating for MX stock?

ChartMill assigns a fundamental rating of 6 / 10 to MX.CA.


Can you provide the valuation status for METHANEX CORP?

ChartMill assigns a valuation rating of 7 / 10 to METHANEX CORP (MX.CA). This can be considered as Undervalued.


How profitable is METHANEX CORP (MX.CA) stock?

METHANEX CORP (MX.CA) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for MX stock?

The Price/Earnings (PE) ratio for METHANEX CORP (MX.CA) is 27.25 and the Price/Book (PB) ratio is 1.89.


Can you provide the dividend sustainability for MX stock?

The dividend rating of METHANEX CORP (MX.CA) is 5 / 10 and the dividend payout ratio is 67.05%.