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Methanex Corp. (MEOH)
NASDAQ:MEOH
Holding MEOH?
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MEOH Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$36.13 - $56.43
Previous Close$44.47
Volume206.35K
Average Volume (3M)348.42K
Market Cap
$3.00B
Enterprise Value$5.76B
Total Cash (Recent Filing)$511.10M
Total Debt (Recent Filing)$2.97B
Price to Earnings (P/E)19.7
Beta1.00
Next Earnings
Jan 29, 2025EPS Estimate
$1.06Last Dividend Ex-Date
Sep 16, 2024Dividend Yield1.67%
Share Statistics
EPS (TTM)2.26
Shares Outstanding67,387,492
10 Day Avg. Volume432,869
30 Day Avg. Volume348,423
Standard Deviation0.15
R-Squared0.24
Alpha-0.00229
Financial Highlights & Ratios
Price to Book (P/B)1.50
Price to Sales (P/S)0.81
Price to Cash Flow (P/CF)3.70
P/FCF Ratio4.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.56
Enterprise Value/Gross Profit8.79
Enterprise Value/Ebitda7.04
Forecast
1Y Price Target
$56.75Price Target Upside27.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Methanex News
PremiumCompany Announcements
Methanex Upsizes Bond Offering for Strategic Acquisition
PremiumCompany Announcements
Methanex Launches $500 Million Notes Offering
PremiumCompany Announcements
Methanex Reports Q3 Results and Strategic MovesBulls Say, Bears Say
Bulls Say
Market DynamicsChina MTO dynamics have improved as three Chinese plants restarted operations, leading to a rise in MTO operating rates.
Market ValuationMethanex currently trades at 55% of replacement value, including G3, suggesting a potential double by the next Model Update.
Operational EfficiencyMethanex believes it can run the acquired assets better than OCI and achieve better operating rates.
Bears Say
Financial LeverageRe-leveraging the balance sheet brings increased tail risk, with pro-forma leverage likely growing >5x EBITDA in a recession scenario.
Market UncertaintyInvestor 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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Ownership Overview
0.06%
Insiders
10.12% Mutual Funds
28.63% Other Institutional Investors
57.44% Public Companies and
Individual Investors
MEOH FAQ
What was Methanex Corp.’s price range in the past 12 months?
Methanex Corp. lowest stock price was $36.13 and its highest was $56.43 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 Jan 29, 2025 which is in 68 days.
How were Methanex Corp.’s earnings last quarter?
Methanex Corp. released its earnings results on Nov 06, 2024. The company reported $1.202 earnings per share for the quarter, beating the consensus estimate of $0.557 by $0.645.
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 $0.18 which represents an annual dividend yield of 1.67%. See more information on Methanex Corp. dividends here
What is Methanex Corp.’s EPS estimate?
Methanex Corp.’s EPS estimate is $1.06.
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 $1.202 in its last earnings report, beating expectations of $0.557. Following the earnings report the stock price went up 7.365%.
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 5M.
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Methanex Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$56.75 (27.76% Upside)
$56.75 (27.76% Upside)
Blogger Sentiment
Bullish
MEOH Sentiment 100%
Sector Average 70%
Sector Average 70%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
2.91%
12-Months-Change
Fundamentals
Return on Equity
7.65%
Trailing 12-Months
Asset Growth
1.09%
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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MEOH Earnings Call
Q3 2024
0:00 / 0:00
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MEOH Stock 12 Month Forecast
Average Price Target
$56.75
▲(27.76% Upside)
Technical Analysis
Best Analysts Covering MEOH
1 Year
1 Year Success Rate
14/24 ratings generated profit
1 Year Average Return
+14.39%
assigned a buy rating 3 days ago
Copying Charles Neivert's trades and holding each position for 1 Year would result in 58.33% of your transactions generating a profit, with an average return of +14.39% per trade.
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