
TSE:MX
This summary was created by AI, based on 4 opinions in the last 12 months.
Methanex Corp (MX-T) has garnered mixed opinions among experts regarding its current standing and future potential. One expert reported a successful trading experience, having bought shares around $50 and selling near $75, while noting a cautious approach towards new investments at the present time. Another review highlighted the strength in the company's RSI amidst positive trends in fertilizers and chemicals due to geopolitical tensions, suggesting continued momentum with an optimistic price target of $89.31. A third expert pointed to a recent recovery from lower levels, indicating potential for further upside if it breaks through old resistance. However, some caution is advised as fundamentals are showing a 32% year-over-year decrease in EPS, combined with expected revenue declines. Despite these challenges, the stock is noted for its decent dividend yield and potential for a turnaround with the upcoming earnings report on July 30, which may indicate an upside surprise.
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