
TSE:MX
This summary was created by AI, based on 3 opinions in the last 12 months.
Experts have mixed but generally positive views on Methanex Corp (MX-T), reflecting a variety of trading strategies and fundamental assessments. One trader noted a successful trade, selling at $75 after purchasing at $50, emphasizing a focus on price action and potential breakouts. Another expert highlighted the strong performance indicated by the Relative Strength Index (RSI), attributing this rally to the ongoing geopolitical situation affecting fertilizers and chemicals, suggesting continued momentum even beyond current events. A third analysis mentioned the stock's recent pullback after a breakout, indicating it needs to maintain support around $55-56 to capitalize on its fundamental strengths. Overall, while some are cautious about immediate purchases, there is an underlying confidence in its long-term potential depending on market conditions.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
Earnings per share were 73c, beating estimates of 37c by a wide margin.
Sales of $986M beat estimates by 4%.
Earnings did fall year over year as prices fell about 16%, even as production increased.
The company continues to buy back its own stock.
The new incoming CEO sounded confident for 2023 and about 30% earnings growth is expected this year.
The market has responded well to these better-than-expected results. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is back to being profitable. The valuation is cheap with price to sale at 0.8x with forward P/E at 9.4x. Price to book is 1.9x. Healthy cash balance and strong financial position. Unlock Premium - Try 5i Free