Stock MX METHANEX CORPORATION
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Financials Methanex Corporation

Equities

MX

CA59151K1084

Commodity Chemicals

Market Closed - Toronto S.E.
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
65.96 CAD +1.10% Intraday chart for Methanex Corporation +0.05% +5.23%
Apr. 26 Methanex Price Target Raised to US$50 at RBC MT
Apr. 25 Methanex Corporation Approves Appointment of Roger Perreault to its Board of Directors CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,940 3,499 3,000 2,645 3,186 3,247 - -
Enterprise Value (EV) 1 4,382 5,028 4,944 4,809 5,741 5,262 5,036 5,094
P/E ratio 38.2 x -22.3 x - - - 45.5 x 29.5 x -
Yield 3.65% 1.03% 0.82% 1.64% 1.54% 1.54% 1.54% 1.53%
Capitalization / Revenue 1.06 x 1.32 x 0.68 x 0.61 x 0.86 x 0.84 x 0.81 x 0.83 x
EV / Revenue 1.57 x 1.9 x 1.12 x 1.12 x 1.54 x 1.36 x 1.25 x 1.3 x
EV / EBITDA 7.74 x 14.5 x 4.46 x 5.16 x 9.23 x 7.3 x 5.95 x 5.33 x
EV / FCF 22.9 x 42.2 x 6.6 x 12 x 27.1 x 14.6 x 8.72 x 7.28 x
FCF Yield 4.37% 2.37% 15.1% 8.33% 3.69% 6.84% 11.5% 13.7%
Price to Book 2.21 x 3.05 x 1.76 x 1.12 x 1.48 x 1.55 x 1.58 x 1.72 x
Nbr of stocks (in thousands) 76,196 76,196 75,811 69,974 67,377 67,387 - -
Reference price 2 38.58 45.92 39.58 37.80 47.28 48.18 48.18 48.18
Announcement Date 1/29/20 1/27/21 1/26/22 2/2/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,784 2,650 4,415 4,311 3,723 3,883 4,014 3,928
EBITDA 1 566 346 1,108 932 622 720.7 846.6 956.4
EBIT 1 221.9 -11.13 745 560 230 318.6 528.8 523.6
Operating Margin 7.97% -0.42% 16.87% 12.99% 6.18% 8.21% 13.18% 13.33%
Earnings before Tax (EBT) 1 120.8 -187.4 666.3 582.1 285.6 125 277 -
Net income 1 88 -157 482 353.8 174.1 44.5 179 -
Net margin 3.16% -5.92% 10.92% 8.21% 4.68% 1.15% 4.46% -
EPS 2 1.010 -2.060 - - - 1.060 1.635 -
Free Cash Flow 1 191.6 119.3 748.5 400.4 211.8 360.1 577.7 700
FCF margin 6.88% 4.5% 16.95% 9.29% 5.69% 9.27% 14.39% 17.82%
FCF Conversion (EBITDA) 33.85% 34.47% 67.55% 42.96% 34.05% 49.97% 68.24% 73.19%
FCF Conversion (Net income) 217.69% - 155.29% 113.16% 121.64% 809.31% 322.75% -
Dividend per Share 2 1.410 0.4725 0.3250 0.6200 0.7300 0.7428 0.7424 0.7370
Announcement Date 1/29/20 1/27/21 1/26/22 2/2/23 1/31/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,253 1,176 1,137 1,012 986.1 1,038 939.4 823 922.4 916 974.9 920.9 978.1 1,057 1,013
EBITDA 1 340 337 243 192 160 209 160 105 148 160 182.4 171.8 213.9 219.3 215.6
EBIT 1 253 245 149 91.98 74 111 64.54 6.715 48 65 60.32 33.5 114.4 111.4 110.8
Operating Margin 20.19% 20.84% 13.1% 9.09% 7.5% 10.69% 6.87% 0.82% 5.2% 7.1% 6.19% 3.64% 11.7% 10.53% 10.94%
Earnings before Tax (EBT) 1 242.9 178.9 175.9 161.8 65.56 104.4 110 26.09 45.13 - 38 32 40 65 64
Net income 1 201 118.5 125.1 69.2 41.03 59.77 56.69 24 33.49 53 22.5 1.5 8 42 42
Net margin 16.04% 10.08% 11% 6.84% 4.16% 5.76% 6.03% 2.92% 3.63% 5.79% 2.31% 0.16% 0.82% 3.97% 4.15%
EPS 2 - 1.600 1.410 0.8700 0.5900 0.8700 0.7300 0.3600 0.5000 0.7700 0.3350 0.0250 0.1200 0.6300 0.6400
Dividend per Share 2 0.1250 0.1250 0.1450 0.1750 0.1750 - 0.1850 0.1850 0.1850 - 0.1845 0.1938 0.1938 0.1855 0.1838
Announcement Date 1/26/22 4/27/22 7/27/22 10/26/22 2/2/23 4/26/23 7/26/23 10/25/23 1/31/24 4/24/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,442 1,530 1,943 2,164 2,556 2,015 1,789 1,847
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.548 x 4.421 x 1.754 x 2.322 x 4.109 x 2.796 x 2.114 x 1.932 x
Free Cash Flow 1 192 119 748 400 212 360 578 700
ROE (net income / shareholders' equity) 4.99% -12.6% 34.1% 16.1% 6.65% 11.7% 15.3% 14.6%
ROA (Net income/ Total Assets) - -2.88% 8.19% - - - 5% -
Assets 1 - 5,457 5,888 - - - 3,580 -
Book Value Per Share 2 17.50 15.10 22.50 33.90 32.00 31.10 30.40 28.00
Cash Flow per Share 2 6.720 6.050 13.00 13.60 9.740 10.70 13.10 16.30
Capex 1 324 342 245 577 448 230 158 152
Capex / Sales 11.63% 12.9% 5.56% 13.39% 12.04% 5.91% 3.95% 3.88%
Announcement Date 1/29/20 1/27/21 1/26/22 2/2/23 1/31/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Methanex Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
48.18 USD
Average target price
53.5 USD
Spread / Average Target
+11.03%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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