TSE:MX

Methanex Corp (MX.TO)

80.34
-4.07 (4.82%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Methanex Corp (MX-T) is garnering mixed opinions from analysts. Some experts emphasize the strong performance of the stock, noting its resilience fueled by rising demand for fertilizers and chemicals related to the ongoing US-Iran conflict. This has created positive momentum, particularly as the Relative Strength Index (RSI) indicates a favorable position. However, there are concerns about a recent downturn, as some analysts note a lack of conviction in a solid upward trend. Despite the stock having a decent dividend yield, the overall EPS has decreased, and revenue forecasts are somewhat pessimistic. Nonetheless, there is a moderate buy rating with substantial upside potential if it can break through established resistance levels. The upcoming earnings report may provide further insights into its future trajectory.

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Consensus
Mixed
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Valuation
Undervalued
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BUY

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

PAST TOP PICK
(A Top Pick Nov 03/21, Down 11%) Tough. He sold, recognizing peak of earnings cycle had come and gone. The cycle for this industry is wild.
DON'T BUY
The group as a whole has been tougher with weak relative strength. This one kept making lower lows. Not participating in this rally. Avoid. See his Top Picks.
TOP PICK
In general the price of methanol tracks the price of oil and should go higher. Natural gas is the feeder stock into methanol. As prices ease this should be good for Methanex. Transportation costs are dropping so costs to ship methanol will drop and therefore costs for Methanex. Buy 6 Hold 5 Sell 2 (Analysts’ price target is $63.06)
PARTIAL SELL
Cyclical or core? Cyclical. He's been trimming. Depends on industrial production, which has peaked. From Q2 reporting onwards, methanex prices should get softer. Wild card is European peer operations are shut due to low price of nat gas, creating supply constraint. Buying back stock, increasing dividend.
PAST TOP PICK
(A Top Pick May 04/21, Up 47%) World leader, with a 14% market share. Uniquely advantaged, as a lot of the European rivals are facing astronomical natural gas prices. $7 EPS expected this year, and that's not the peak. Sees upside, despite good performance already.
DON'T BUY
Very whippy, counterintuitive. Tough to play. In favour right now, and tends to track oil prices. Global production issues. Buy it when no one wants it. But seriously, leave it for someone else.
DON'T BUY
He tries to stay away from commodity-type names. They have too much volatility.
TOP PICK
Prolific free cashflow throughout the cycle. Earnings poised to grow another 74% in the next quarter. Expects a lot of share buybacks. Good upside from here. Yield is 1.08%. (Analysts’ price target is $52.46)
PAST TOP PICK
(A Top Pick Sep 10/20, Up 68%) Shares were depressed last year. Methanol is used as a fuel additive. 14% global share. Now methanol prices are back up off the summer lows from last year. Incurred a loss last year. Low cost operator. Has contractural linkage with natural gas.
DON'T BUY
Tangentially related to oil demand. You can buy quality, dividend-paying oil and gas producers with more sustainability and production predictability, without the specifics around methanol demand/supply. Gas is an area he's more excited about. Look to large senior producers in Canada instead.
DON'T BUY
He is not as much a fan of this one. The supply is controlled by a few players and there is no demand growth. He has trouble with single commodity companies.
BUY

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

BUY ON WEAKNESS
Used to own it in the portfolio. An ancillary energy play. Playing inversely against natural gas. In the cyclical category. If you believe there will be a cyclical rebound in the world, it is a good play. Was extremely overbought and nat gas prices have gone up. The valuation has gotten to a point where it is attractive as an entry point. Will benefit over the next 3 years.
HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It’s back to being profitable and increasing revenues over the past quarter. Valuation remains cheap. Methanol prices should return to pre-pandemic levels in the near future. Unlock Premium - Try 5i Free

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