
TSE:MX
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.
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
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
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