Methanex Corporation (MEOH) AI Stock Analysis

Methanex Corporation produces and supplies methanol across global markets, including North America, the Asia Pacific, Europe, and South America. In addition to operating its own production facilities, the company purchases methanol through offtake contracts and spot markets. Its global supply chain includes owned and leased storage and terminal infrastructure, supported by a managed fleet of approximately 30 ocean-going vessels that deliver methanol to chemical and petrochemical customers worldwide. Established in 1968 and headquartered in Vancouver, Canada, the company operates across international methanol distribution networks.

Methanex generated $3.59B in revenue during FY2025, down 3.5% from $3.72B in FY2024 and lower than $4.41B in FY2021. Annual net income was $79.9M in FY2025, yielding a net margin of 2.2%, down from $164.0M in FY2024 and $482.4M in FY2021. Despite lower revenue, gross margin expanded to 25.3% and operating margin reached 12.9% in FY2025. Over the trailing twelve months, revenue totaled $4.27B. Growth accelerated in the latest quarter ended June 30, 2026, with quarterly revenue rising 75.2% year-over-year and quarterly earnings expanding 164.7%.

As of June 30, 2026, Methanex held $382.4M in cash and short-term investments against total debt of $3.13B, resulting in net debt of $2.75B. Total assets stood at $7.17B and shareholders' equity was $2.56B, reflecting a debt-to-equity ratio of 1.22 and a current ratio of 2.07. During FY2025, operating cash flow reached $832.3M and free cash flow was $731.6M. Cash deployment in FY2025 included $100.7M in capital expenditures and $54.5M paid in dividends.

MEOH trades at a trailing P/E of 64.3x, above the median of its US-listed Basic Materials peers of 19.7x. Its forward P/E of 10.4x is below the peer group median of 13.4x, and its EV/EBITDA of 7.2x sits below the peer median of 10.5x. The price-to-sales ratio is 1.2x compared to the peer median of 1.8x. Over the past year, MEOH gained 87.5%, outperforming the S&P 500 return of 16.8%, though its 5-year return of 44.8% lagged the S&P 500 return of 83.0%.

Methanex pays a quarterly dividend with a forward annualized rate of $0.74 per share, representing a dividend yield of 1.14%. The payout ratio is 18.1%, supported by 25 consecutive years of dividend payments. Over the past 5 years, dividend growth annualized at 9.4%. The company's last ex-dividend date was September 16, 2026.

Analyst coverage consists of 5 Strong Buy, 2 Buy, and 3 Hold ratings, with no Sell or Strong Sell ratings. The mean price target is $71.20, representing 9.6% upside relative to the last close of $64.96. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $4.95B and EPS of $9.70, reflecting 377.9% EPS growth. Methanex delivered 0 EPS beats over the last 4 quarters. The next earnings date is October 29, 2026.

This page is an AI-written research summary of Methanex Corporation (MEOH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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