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Methanex Corp. (TSE:MX)
TSX:MX
Methanex (MX) Stock Price & Analysis
133 Followers
MX Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$52.35 - C$73.97
Previous CloseC$68.08
Volume66.18K
Average Volume (3M)96.28K
Market Cap
C$4.59B
Enterprise ValueC$8.44B
Total Cash (Recent Filing)$458.01M
Total Debt (Recent Filing)$3.01B
Price to Earnings (P/E)20.4
Beta1.23
Next Earnings
Jul 24, 2024EPS Estimate
C$0.72Last Dividend Ex-Date
Jun 14, 2024Dividend Yield1.49%
Share Statistics
EPS (TTM)3.34
Shares Outstanding67,387,492
10 Day Avg. Volume117,825
30 Day Avg. Volume96,282
Standard Deviation0.14
R-Squared0.35
Alpha0.00493
Financial Highlights & Ratios
Price to Book (P/B)1.72
Price to Sales (P/S)4.87
Price to Cash Flow (P/CF)4.20
P/FCF Ratio5.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.27
Enterprise Value/Gross Profit32.03
Enterprise Value/Ebitda9.93
Forecast
1Y Price Target
C$79.27Price Target Upside16.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Methanex News
PremiumCompany Announcements
Methanex Announces Quarterly Cash Dividend
PremiumPress Releases
Methanex Corporation – Notice of Cash Dividend
PremiumCompany Announcements
Methanex Embarks on Carbon Capture Project in Alberta
Bulls Say, Bears Say
Bulls Say
Financial PerformanceMethanex reported adjusted EPS of USD0.65 that beat the consensus FactSet estimate of USD0.31.
Marine Fuel MarketNew ship build orders appear to be skewing in favor of methanol-compatible ships: of 33 new orders for alternative fueled ships in May, 23 were methanol-compatible ships.
ValuationMethanex currently trades at ~50% of replacement value, suggesting a triple by the next peak.
Bears Say
Global ProductionNatural gas diversions and outages are adding to global production headwinds.
Inventory ConstraintsTight Chinese inventories and constraints in Iran are probably currently weighing on MTO operating rates while supporting methanol prices in China.
Operational CostsHeadwinds include G1/G2 operating in Q2/Q3 with 100%-hedged gas originally earmarked for Q3, resulting in a ~$1.50-2.00/MMBtu penalty.
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Options Prices
Currently, No data available
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Ownership Overview
50.21%
Insiders
10.72% Mutual Funds
25.05% Other Institutional Investors
14.02% Public Companies and
Individual Investors
MX FAQ
What was Methanex Corp.’s price range in the past 12 months?
Methanex Corp. lowest stock price was C$52.35 and its highest was C$73.97 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 Jul 24, 2024 which is in 2 days.
How were Methanex Corp.’s earnings last quarter?
Methanex Corp. released its earnings results on Apr 24, 2024. The company reported C$0.891 earnings per share for the quarter, beating the consensus estimate of C$0.415 by C$0.476.
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 C$0.25 which represents an annual dividend yield of 1.49%. See more information on Methanex Corp. dividends here
What is Methanex Corp.’s EPS estimate?
Methanex Corp.’s EPS estimate is C$0.72.
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 C$0.891 in its last earnings report, beating expectations of C$0.415. Following the earnings report the stock price went down -0.167%.
Which hedge fund is a major shareholder of Methanex Corp.?
Among the largest hedge funds holding Methanex Corp.’s share is Graham Capital Management, L.P.. It holds Methanex Corp.’s shares valued at 646K.
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Methanex Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$79.27 (16.44% Upside)
C$79.27 (16.44% Upside)
Blogger Sentiment
Bullish
TSE:MX Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 14.5K Shares
Last Quarter.
Last Quarter.
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.83%
12-Months-Change
Fundamentals
Return on Equity
8.38%
Trailing 12-Months
Asset Growth
-3.46%
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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MX Earnings Call
Q1 2024
0:00 / 0:00
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MX Stock 12 Month Forecast
Average Price Target
C$79.27
▲(16.44% Upside)
Technical Analysis
Best Analysts Covering MX
1 Year
1 Year Success Rate
14/22 ratings generated profit
1 Year Average Return
+14.74%
assigned a buy rating 27 days ago
Copying Laurence Alexander's trades and holding each position for 1 Year would result in 63.64% of your transactions generating a profit, with an average return of +14.74% per trade.
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