Methanex (MX) AI Stock Analysis

• Market Cap: $3.87B
• Dividend Yield: 1.88%
• Average Volume (3M): 203.58K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 1.63
• Revenue Growth: -0.65%
• EPS Growth: 46.15%
• Country: CA
• Employees: 1,415
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): 0.08
• Shares Outstanding: 77,339,520
• 10 Day Avg. Volume: 182,158
• 30 Day Avg. Volume: 203,579
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.05
• Enterprise Value/Revenue: 2.22
• Enterprise Value/Gross Profit: 8.94
• Enterprise Value/Ebitda: 8.17
• 1Y Price Target: $71.56
• Price Target Upside: 29.64% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 73 Outperform
• Price Target: C$62.00 ▲(12.32% Upside)

Methanex's strong operational efficiency and cash flow generation are significant strengths, supported by a low P/E ratio and decent dividend yield. However, high leverage and mixed technical indicators pose risks. The successful integration of new assets and a strong cash position are positive, but challenges like flat global demand and gas supply issues temper the outlook.

Positive Factors

Operational Efficiency

Methanex's strong operational efficiency and cash flow generation indicate robust business operations, providing a stable foundation for future growth and resilience against market fluctuations.

Successful Asset Integration

The successful integration of new assets enhances Methanex's production capacity and operational scale, strengthening its market position and ability to meet demand.

Cash Position

A strong cash position provides Methanex with financial flexibility to invest in growth opportunities, manage debt, and navigate economic uncertainties.

Negative Factors

High Leverage

High leverage can pose financial risks, limiting Methanex's ability to invest in growth and increasing vulnerability to interest rate changes.

Gas Supply Challenges

Ongoing gas supply challenges can impact production rates, affecting Methanex's ability to meet demand and maintain operational efficiency.

Flat Global Demand

Flat global demand for methanol may limit revenue growth, challenging Methanex to find new markets or increase market share to sustain growth.

Methanex Business Overview & Revenue Model

Company Description

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Methanex generates revenue primarily through the production and sale of methanol to a wide range of industrial customers. The company's revenue model is based on the sale of methanol at market-driven prices, which can fluctuate based on supply and demand dynamics, raw material costs, and global economic conditions. Key revenue streams include direct sales to customers and long-term contracts that provide stability and predictability in cash flows. Additionally, Methanex benefits from strategic partnerships and joint ventures that enhance its production capabilities and market reach. The company's investment in efficient production technology and its ability to respond to market trends also play a crucial role in maximizing profitability.

Methanex Financial Statement Overview

Summary

Methanex demonstrates solid operational efficiency and cash flow generation, with healthy EBIT and EBITDA margins. However, challenges include a high debt-to-equity ratio and declining revenue, which impact the overall financial performance score.

Income Statement

Methanex's income statement shows a mixed performance. The company has maintained a decent gross profit margin of 21.9% TTM, indicating effective cost management. However, the net profit margin is relatively low at 7.0% TTM, reflecting challenges in translating revenue into profit. Revenue has declined by 3.3% TTM, suggesting potential demand issues or competitive pressures. Despite this, EBIT and EBITDA margins are healthy at 16.1% and 27.3% TTM, respectively, showing operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.43 TTM, indicating significant leverage, which could pose financial risk. However, the return on equity is reasonably strong at 11.3% TTM, suggesting effective use of equity to generate profits. The equity ratio stands at 33.9% TTM, reflecting a moderate level of financial stability.

Cash Flow

Methanex's cash flow statement is robust, with a 14.9% growth in free cash flow TTM, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is 1.40 TTM, indicating good cash conversion. Additionally, the free cash flow to net income ratio is 0.84 TTM, suggesting efficient cash utilization relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.58B	3.72B	3.72B	4.31B	4.41B	2.65B
Gross Profit	886.70M	710.42M	655.40M	865.09M	1.08B	294.84M
EBITDA	970.42M	798.42M	794.81M	1.09B	1.17B	334.53M
Net Income	251.85M	163.99M	174.14M	353.83M	482.36M	-125.33M
Balance Sheet
Total Assets	7.75B	6.60B	6.43B	6.63B	6.09B	5.70B
Cash, Cash Equivalents and Short-Term Investments	485.38M	891.91M	458.01M	857.75M	932.07M	833.84M
Total Debt	3.76B	3.23B	3.01B	3.02B	2.88B	3.09B
Total Liabilities	4.83B	4.22B	4.25B	4.20B	4.13B	4.25B
Stockholders Equity	2.62B	2.09B	1.93B	2.11B	1.68B	1.15B
Cash Flow
Free Cash Flow	913.89M	563.11M	211.82M	400.38M	748.49M	119.27M
Operating Cash Flow	1.08B	737.18M	660.27M	977.76M	993.93M	461.08M
Investing Cash Flow	-1.38B	-99.74M	-508.58M	-553.14M	-253.05M	-278.06M
Financing Cash Flow	352.53M	-203.55M	-551.42M	-508.53M	-643.09M	234.06M

Methanex Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 55.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MX, the sentiment is Positive. The current price of 55.2 is above the 20-day moving average (MA) of 50.55, above the 50-day MA of 51.70, and above the 200-day MA of 51.24, indicating a bullish trend. The MACD of -0.66 indicates Negative momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 47.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MX.

Methanex Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHE.UN	―	C$1.51B	12.23	17.57%	5.09%	6.31%	-7.95%
MX	―	$3.87B	9.54	9.35%	1.88%	-0.65%	46.15%
Sector *	―	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Methanex Corporate Events

Methanex Earnings Call: Integration Success Amid Market Challenges

Methanex Corporation’s recent earnings call painted a picture of both triumph and challenge. The company celebrated the successful integration and high operational performance of its newly acquired assets, which bolstered its strong financial standing. However, these achievements were somewhat overshadowed by the flat global demand for methanol, ongoing gas supply challenges, and an inventory build-up in China.

Methanex Reports Q3 2025 Results Amid Production Boost

Methanex Corporation, headquartered in Vancouver, is the world’s largest producer and supplier of methanol, a key ingredient in various industrial and consumer products. The company operates in the chemical sector and is known for its extensive global production and distribution network.

Methanex Reports Q3 2025 Results with Increased Production and Strategic Financial Moves

Methanex Corporation reported its third quarter 2025 results, highlighting the successful integration of its newly acquired Beaumont and Natgasoline plants, which contributed to increased production levels. Despite a net loss of $7 million attributable to shareholders, the company achieved an adjusted EBITDA of $191 million, reflecting stable operations and strategic focus on cost efficiency. The quarter also saw Methanex generating $184 million in cash from operations and repaying $125 million of its Term Loan A, aligning with its goal to de-lever the balance sheet. The company returned $14.3 million to shareholders through dividends, ending the quarter with $413 million in cash.

The most recent analyst rating on (TSE:MX) stock is a Buy with a C$50.00 price target. To see the full list of analyst forecasts on Methanex stock, see the TSE:MX Stock Forecast page.

Methanex to Host Investor Day with Live Webcast

Methanex Corporation announced it will host an Investor Day on November 13, 2025, in Toronto, where the executive leadership team will provide a business update and engage in a live Q&A session. The event will be webcast live and available for replay, offering stakeholders insights into the company’s operations and strategic direction.

The most recent analyst rating on (TSE:MX) stock is a Buy with a C$45.00 price target. To see the full list of analyst forecasts on Methanex stock, see the TSE:MX Stock Forecast page.

Methanex Launches Global Methanol Bunkering Operations

On September 23, 2025, Methanex Corporation announced the launch of global methanol bunkering operations through strategic partnerships in the ARA region and South Korea. These collaborations with TankMatch, Alpha Maritime, and Hyodong Shipping aim to enhance Methanex’s role in maritime decarbonization by providing safe and reliable methanol fuel solutions in key global trade corridors. This initiative is part of Methanex’s strategy to meet the growing demand for low-carbon methanol and support the maritime industry’s transition to cleaner energy sources.

The most recent analyst rating on (TSE:MX) stock is a Buy with a C$50.00 price target. To see the full list of analyst forecasts on Methanex stock, see the TSE:MX Stock Forecast page.

Methanex Amends Equity Purchase Agreement Amid Ongoing Disputes

On September 12, 2025, Methanex Corporation announced an amendment to its Equity Purchase Agreement with OCI N.V. and other parties. This amendment addresses ongoing disputes related to utility invoices and demurrage claims, with Methanex taking control over these proceedings. The amendment is expected to impact Methanex’s financial reporting by specifying how certain receivables and liabilities will be recorded in working capital, which may affect stakeholders’ financial assessments.

The most recent analyst rating on (TSE:MX) stock is a Buy with a C$50.00 price target. To see the full list of analyst forecasts on Methanex stock, see the TSE:MX Stock Forecast page.

Methanex Balances Growth and Challenges in Earnings Call

Methanex’s recent earnings call presented a balanced mix of optimism and challenges. The company celebrated the successful acquisition of OCI’s methanol business and noted increased global demand, particularly from China. However, these positives were tempered by decreased average realized prices, production constraints in New Zealand and Egypt, and a reduction in EBITDA projections. The strategic acquisition and demand growth offer promising prospects, but operational and financial hurdles suggest a cautious outlook.

Methanex Reports Q2 2025 Earnings and OCI Acquisition

Methanex Corporation, based in Vancouver, is the world’s largest producer and supplier of methanol, serving customers globally in the chemical industry. In its second quarter of 2025, Methanex reported a net income of $64 million and an adjusted EBITDA of $183 million, marking a decrease from the previous quarter. The company completed a significant acquisition of OCI Global’s methanol business, enhancing its production capacity in North America. Key financial metrics showed a decline in average realized prices and sales volumes, although production remained steady. Looking ahead, Methanex anticipates higher adjusted EBITDA in the third quarter, despite potential fluctuations in methanol prices and production challenges.