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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$39.17
Volume223.76K
Average Volume (3M)356.89K
Market Cap
$2.67B
Enterprise Value$5.49B
Total Cash (Recent Filing)$426.13M
Total Debt (Recent Filing)$3.00B
Price to Earnings (P/E)18.1
Beta0.81
Next Earnings
Nov 06, 2024EPS Estimate
$0.56Last Dividend Ex-Date
Sep 16, 2024Dividend Yield1.86%
Share Statistics
EPS (TTM)2.16
Shares Outstanding67,387,492
10 Day Avg. Volume240,409
30 Day Avg. Volume356,889
Standard Deviation0.15
R-Squared0.24
Alpha-0.00091
Financial Highlights & Ratios
Price to Book (P/B)1.31
Price to Sales (P/S)0.77
Price to Cash Flow (P/CF)4.40
P/FCF Ratio4.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.53
Enterprise Value/Gross Profit8.38
Enterprise Value/Ebitda7.04
Forecast
1Y Price Target
$56.25Price Target Upside43.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Methanex News
PremiumCompany Announcements
Methanex Secures Financing for Major Acquisition
PremiumCompany Announcements
Methanex Expands with $2.05 Billion Acquisition
Bulls Say, Bears Say
Bulls Say
Market ConditionsChina MTO dynamics have improved as three Chinese plants restarted operations, leading to higher operating rates.
Operational EfficiencyMethanex believes it can run the acquired assets better than OCI and achieve better operating rates.
ValuationMethanex currently trades at 55% of replacement value, including G3, suggesting a potential double by the next Model Update.
Bears Say
Financial LeverageRe-leveraging the balance sheet brings increased tail risk, with pro-forma leverage likely growing over five times EBITDA in a recession scenario.
Investor ConcernsInvestor concerns around the transaction risks are neither likely to be easily assuaged nor sufficiently discounted 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
21.77% Other Institutional Investors
64.37% 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 Nov 06, 2024 which is in 4 days.
How were Methanex Corp.’s earnings last quarter?
Methanex Corp. released its earnings results on Jul 30, 2024. The company reported $0.615 earnings per share for the quarter, beating the consensus estimate of $0.516 by $0.099.
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 1.86%. See more information on Methanex Corp. dividends here
What is Methanex Corp.’s EPS estimate?
Methanex Corp.’s EPS estimate is $0.56.
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 $0.615 in its last earnings report, beating expectations of $0.516. Following the earnings report the stock price went up 4.09%.
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
Strong Buy
Average Price Target:
$56.25 (43.60% Upside)
$56.25 (43.60% Upside)
Blogger Sentiment
Bullish
MEOH Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 126.1K Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.39%
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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MEOH Earnings Call
Q2 2024
0:00 / 0:00
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MEOH Stock 12 Month Forecast
Average Price Target
$56.25
▲(43.60% Upside)
Technical Analysis
Best Analysts Covering MEOH
1 Year
1 Year Success Rate
22/39 ratings generated profit
1 Year Average Return
+13.29%
reiterated a buy rating 2 months ago
Copying Joel Jackson's trades and holding each position for 1 Year would result in 56.41% of your transactions generating a profit, with an average return of +13.29% per trade.
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