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Methanex Corporation (MEOH) is the world's largest producer and supplier of methanol. Methanol is an essential chemical building block used in everything from plastics and paints to clean-burning fuels.
Investment Thesis
Methanex is the definitive way to play the structural growth in global methanol demand. Methanol is increasingly being utilized as a marine fuel and a precursor to green hydrogen, providing a major growth kicker to its traditional industrial markets. As the global low-cost leader with facilities in every major geographic region, Methanex controls the pricing dynamics of the industry. The company has recently completed a major expansion cycle and is now entering a high-margin harvesting phase, where cash flow is being prioritized for debt reduction and shareholder returns.
Key Growth Drivers
Methanol as a Clean Fuel
The maritime industry's adoption of methanol as a low-carbon alternative to heavy fuel oil is creating a massive, price-insensitive new demand source.
Global Supply Chain Dominance
Methanex's unparalleled logistics and distribution network allow it to deliver product more reliably and cost-effectively than any other producer.
Operational Leverage
With their heavy CapEx cycle now finished, every incremental dollar of methanol price increases flows directly to free cash flow and equity value.
Valuation & Financial Modeling
MEOH trades in a wide range based on methanol spot prices. Currently, the market is discounting the stock due to cyclical concerns, missing the structural shift in methanol's use as an energy transition fuel. We see significant upside as this narrative takes hold.
Risk Factors & Bear Case
Methanex is highly sensitive to the price of natural gas (its primary feedstock) and methanol spot rates. A global industrial slowdown or a surge in low-cost supply from China would compress margins.
Conclusion
Methanex is a high-quality commodity leader with a unique green energy catalyst. It offers defensive market leadership with cyclical upside. Rated 'Buy'.
Upcoming Catalysts
No upcoming catalysts identified.
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Relative valuation derived from Materials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 34.1GRADE D
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
47.8%
Sector: 3.3%
Dividend Analysis audit
No Dividend
This company does not currently pay a dividend.
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, METHANEX CORP (MEOH) receives a "Hold" rating with a composite score of 53.2/100, ranked #183 out of 4446 stocks. Key factor scores: Quality 34/100, Value 76/100, Momentum 72/100. This is quantitative analysis only — not investment advice.
METHANEX CORP (MEOH) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does METHANEX CORP Do?
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada. METHANEX CORP (MEOH) is classified as a mid-cap stock in the Materials sector, specifically within the Chemicals industry. The company is led by CEO John N. Floren and employs approximately 1,300 people. With a market capitalization of $4.6B, MEOH is one of the notable companies in the Materials sector.
METHANEX CORP (MEOH) Stock Rating — Hold (April 2026)
As of April 2026, METHANEX CORP receives a Hold rating with a composite score of 53.2/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.MEOH ranks #183 out of 4,446 stocks in our coverage universe. Within the Materials sector, METHANEX CORP ranks #10 of 284 stocks, placing it in the top 10% of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
MEOH Stock Price and 52-Week Range
METHANEX CORP (MEOH) currently trades at $57.40. The stock lost $0.54 (0.9%) in the most recent trading session. The 52-week high for MEOH is $59.09, which means the stock is currently trading -2.9% from its annual peak. The 52-week low is $25.46, putting the stock 125.5% above its annual trough. Recent trading volume was 190K shares, suggesting relatively thin trading activity.
Is MEOH Overvalued or Undervalued? — Valuation Analysis
METHANEX CORP (MEOH) carries a value factor score of 76/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 23.84x, compared to the Materials sector average of 26.50x — a discount of 10%. The price-to-book ratio stands at 2.36x, versus the sector average of 2.83x. The price-to-sales ratio is 0.33x, compared to 0.74x for the average Materials stock. On an enterprise value basis, MEOH trades at 2.27x EV/EBITDA, versus 6.01x for the sector.
Based on these multiples, METHANEX CORP appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
METHANEX CORP Profitability — ROE, Margins, and Quality Score
METHANEX CORP (MEOH) earns a quality factor score of 34/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 47.8%, compared to the Materials sector average of 3.3%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 15.2% versus the sector average of 0.6%.
On a margin basis, METHANEX CORP reports gross margins of 19.1%, compared to 29.8% for the sector. The operating margin is 9.7% (sector: 6.0%). Net profit margin stands at 6.7%, versus 3.0% for the average Materials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
MEOH Debt, Balance Sheet, and Financial Health
METHANEX CORP has a debt-to-equity ratio of 149.0%, compared to the Materials sector average of 41.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $3.11B. Cash and equivalents stand at $892M.
MEOH has a beta of 1.04, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for METHANEX CORP is 44/100, reflecting average volatility within the normal range for its sector.
METHANEX CORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, METHANEX CORP reported revenue of $3.72B and earnings per share (EPS) of $2.43. Net income for the quarter was $250M. Gross margin was 19.1%. Operating income came in at $362M.
In FY 2024, METHANEX CORP reported revenue of $3.72B and earnings per share (EPS) of $2.43. Net income for the quarter was $250M. Gross margin was 19.1%. Revenue grew -0.1% year-over-year compared to FY 2023. Operating income came in at $362M.
In FY 2023, METHANEX CORP reported revenue of $3.72B and earnings per share (EPS) of $2.57. Net income for the quarter was $284M. Gross margin was 17.6%. Revenue grew -13.6% year-over-year compared to FY 2022. Operating income came in at $264M.
In FY 2022, METHANEX CORP reported revenue of $4.31B and earnings per share (EPS) of $4.95. Net income for the quarter was $462M. Gross margin was 20.1%. Revenue grew -2.3% year-over-year compared to FY 2021. Operating income came in at $611M.
Over the past 8 quarters, METHANEX CORP has experienced revenue contraction from $3.93B to $3.72B. Investors analyzing MEOH stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
MEOH Dividend Yield and Income Analysis
METHANEX CORP (MEOH) does not currently pay a dividend. This is common among smaller companies in the Chemicals industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.
MEOH Momentum and Technical Analysis Profile
METHANEX CORP (MEOH) has a momentum factor score of 72/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 44/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.
MEOH vs Competitors — Materials Sector Ranking and Peer Comparison
Comparing MEOH against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full MEOH vs S&P 500 (SPY) comparison to assess how METHANEX CORP stacks up against the broader market across all factor dimensions.
MEOH Next Earnings Date
No upcoming earnings date has been announced for METHANEX CORP (MEOH) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy MEOH? — Investment Thesis Summary
METHANEX CORP presents a balanced picture with arguments on both sides. The quality score of 34/100 flags below-average profitability. The value score of 76/100 suggests attractive pricing relative to fundamentals. Price momentum is positive at 72/100, suggesting the trend favors buyers.
In summary, METHANEX CORP (MEOH) earns a Hold rating with a composite score of 53.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on MEOH stock.
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Execution Benchmarks audit
Gross Margin
Core pricing power
19.1%
Sector: 29.8%
-36% VS SCTR
Operating Margin
Operating efficiency
9.7%
Sector: 6.0%
+63% VS SCTR
Net Margin
Bottom-line conversion
6.7%
Sector: 3.0%
+126% VS SCTR
Return on Equity
Equity capital efficiency
47.8%
Sector: 3.3%
+1336% VS SCTR
Return on Assets
Asset base utilization
15.2%
Sector: 0.6%
+2428% VS SCTR
Debt/Equity
Financial leverage load
149.0%
Sector: 41.0%
-263% VS SCTR
-17%
Price / Sales
0.3x
-55%
METHANEX CORP exhibits a 36% valuation discount relative to institutional benchmarks. This represents a constructive entry window based on current multiples.
Return on Assets
Efficiency of asset utilization
15.2%
Sector: 0.6%
Gross Margin
Pricing power and cost efficiency
19.1%
Sector: 29.8%
Operating Margin
Core business profitability
9.7%
Sector: 6.0%
Net Margin
Bottom-line profitability
6.7%
Sector: 3.0%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.