(MEOH) Methanex - Overview
Sector: Basic Materials | Industry: Chemicals | Exchange: NASDAQ (USA) | Market Cap: 4.651m USD | Total Return: 81.3% in 12m
Avg Turnover: 41.2M
EPS Trend: 1.0%
Qual. Beats: 0
Rev. Trend: -64.7%
Qual. Beats: 0
Warnings
High Debt/EBITDA (5.3) with thin interest coverage (1.2)
Below Avwap Earnings
Tailwinds
Rs Leader, Idiosyncratic Leader, Confidence
Methanex Corporation (MEOH) is a Vancouver-based producer and distributor of methanol and ammonia, operating an integrated supply chain across major global markets including North America, Europe, and Asia Pacific. The company maintains a competitive advantage through its ownership and leasing of strategic storage and terminal infrastructure, primarily serving the chemical and petrochemical manufacturing sectors.
As a leader in the commodity chemicals sub-industry, Methanex is highly sensitive to natural gas prices, which serve as the primary feedstock for methanol production. Methanol functions as a critical building block for diverse industrial applications, ranging from plastics and paints to fuel blending and marine energy solutions.
For a detailed breakdown of the companys valuation metrics and historical performance, consider reviewing the data on ValueRay.
- Global methanol spot prices directly impact quarterly revenue and operating margins
- Natural gas feedstock costs and supply reliability dictate regional production profitability
- Strategic acquisition of OCI methanol assets expands global market share and capacity
- Industrial demand from chemical and petrochemical producers follows global GDP cycles
- Maritime fuel transition toward methanol creates long-term secular growth opportunities
| Net Income: -44.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -2.41 > 1.0 |
| NWC/Revenue: 20.03% < 20% (prev 37.22%; Δ -17.20% < -1%) |
| CFO/TA 0.09 > 3% & CFO 663.2m > Net Income -44.8m |
| Net Debt (3.85b) to EBITDA (725.8m): 5.30 < 3 |
| Current Ratio: 1.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.3m) vs 12m ago 14.56% < -2% |
| Gross Margin: 21.72% > 18% (prev 0.23%; Δ 2.15k% > 0.5%) |
| Asset Turnover: 52.80% > 50% (prev 55.59%; Δ -2.80% > 0%) |
| Interest Coverage Ratio: 1.19 > 6 (EBITDA TTM 725.8m / Interest Expense TTM 224.3m) |
| A: 0.10 (Total Current Assets 1.50b - Total Current Liabilities 767.1m) / Total Assets 7.23b |
| B: 0.23 (Retained Earnings 1.63b / Total Assets 7.23b) |
| C: 0.04 (EBIT TTM 266.0m / Avg Total Assets 6.94b) |
| D: 0.53 (Book Value of Equity 2.41b / Total Liabilities 4.52b) |
| Altman-Z'' = 2.22 = BBB |
| DSRI: 1.29 (Receivables 507.5m/396.9m, Revenue 3.67b/3.70b) |
| GMI: 1.05 (GM 21.72% / 22.88%) |
| AQI: 1.10 (AQ_t 0.08 / AQ_t-1 0.07) |
| SGI: 0.99 (Revenue 3.67b / 3.70b) |
| TATA: -0.10 (NI -44.8m - CFO 663.2m) / TA 7.23b) |
| Beneish M = -2.79 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at USD 59.10 with a total of 444,614 shares traded.
Over the past week, the price has changed by -0.86%,
over one month by -6.65%,
over three months by +17.39% and
over the past year by +81.29%.
Methanex has received a consensus analysts rating of 4.22. Therefore, it is recommended to buy MEOH.
- StrongBuy: 4
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 72.3 | 22.4% |
P/E Forward = 7.9302
P/S = 1.2686
P/B = 1.9324
P/EG = 0.1982
Revenue TTM = 3.67b USD
EBIT TTM = 266.0m USD
EBITDA TTM = 725.8m USD
Long Term Debt = 2.65b USD (from longTermDebt, last quarter)
Short Term Debt = 174.6m USD (from shortTermDebt, last quarter)
Debt = 4.23b USD (from shortLongTermDebtTotal, last quarter) + Leases 761.6m
Net Debt = 3.85b USD (calculated: Debt 4.23b - CCE 380.3m)
Enterprise Value = 8.50b USD (4.65b + Debt 4.23b - CCE 380.3m)
Interest Coverage Ratio = 1.19 (Ebit TTM 266.0m / Interest Expense TTM 224.3m)
EV/FCF = 14.42x (Enterprise Value 8.50b / FCF TTM 589.3m)
FCF Yield = 6.94% (FCF TTM 589.3m / Enterprise Value 8.50b)
FCF Margin = 16.07% (FCF TTM 589.3m / Revenue TTM 3.67b)
Net Margin = -1.22% (Net Income TTM -44.8m / Revenue TTM 3.67b)
Gross Margin = 21.72% ((Revenue TTM 3.67b - Cost of Revenue TTM 2.87b) / Revenue TTM)
Gross Margin QoQ = 20.87% (prev 20.47%)
Tobins Q-Ratio = 1.17 (Enterprise Value 8.50b / Total Assets 7.23b)
Interest Expense / Debt = 5.31% (Interest Expense 224.3m / Debt 4.23b)
Taxrate = 48.30% (2.99m / 6.18m)
NOPAT = 137.5m (EBIT 266.0m * (1 - 48.30%))
Current Ratio = 1.96 (Total Current Assets 1.50b / Total Current Liabilities 767.1m)
Debt / Equity = 1.75 (Debt 4.23b / totalStockholderEquity, last quarter 2.42b)
Debt / EBITDA = 5.30 (Net Debt 3.85b / EBITDA 725.8m)
Debt / FCF = 6.53 (Net Debt 3.85b / FCF TTM 589.3m)
Total Stockholder Equity = 2.51b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.65% (Net Income -44.8m / Total Assets 7.23b)
RoE = -1.78% (Net Income TTM -44.8m / Total Stockholder Equity 2.51b)
RoCE = 5.15% (EBIT 266.0m / Capital Employed (Equity 2.51b + L.T.Debt 2.65b))
RoIC = 2.07% (NOPAT 137.5m / Invested Capital 6.64b)
WACC = 6.69% (E(4.65b)/V(8.88b) * Re(10.28%) + D(4.23b)/V(8.88b) * Rd(5.31%) * (1-Tc(0.48)))
Discount Rate = 10.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 49.44 | Cagr: 6.19%
[DCF] Terminal Value 73.10% ; FCFF base≈634.6m ; Y1≈556.5m ; Y5≈449.6m
[DCF] Fair Price = 43.57 (EV 7.22b - Net Debt 3.85b = Equity 3.37b / Shares 77.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 0.98 | EPS CAGR: 0.45% | SUE: -0.24 | # QB: 0
Revenue Correlation: -64.66 | Revenue CAGR: -2.21% | SUE: -0.06 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.98 | Chg30d=+81.79% | Revisions=+56% | Analysts=7
EPS next Quarter (2026-09-30): EPS=2.53 | Chg30d=+87.23% | Revisions=+56% | Analysts=6
EPS current Year (2026-12-31): EPS=9.04 | Chg30d=+76.08% | Revisions=+60% | GrowthEPS=+345.2% | GrowthRev=+36.8%
EPS next Year (2027-12-31): EPS=4.95 | Chg30d=+21.79% | Revisions=+60% | GrowthEPS=-45.2% | GrowthRev=-14.6%
[Analyst] Revisions Ratio: +60%