# Methanex Corporation (MX.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Chemicals. Price C$81.18, market value C$6.3 billion.

## Valuation
- **P/E (trailing): 66.5×** (5-yr avg 25.6×, 3-yr avg 36.9×). Methanex Corporation trades at 66.5× trailing earnings, well above its own five-year average of 25.6×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 10.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 1.8×**. The shares trade at 1.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.9×**. Enterprise value is 6.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 17.0%** (5-yr avg 13.7%). Free cash flow equals 17.0% of the market value, above its five-year average of 13.7%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 1.5%**. The inverse of the P/E: 1.5% of the price is earned each year.

## Profitability
- **Gross margin: 23.0%**. Methanex Corporation keeps 23.0% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 17.4%**. 17.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 2.2%**. 2.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.3%**. 3.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.8%**. Return on all capital, debt included, is 7.8%.
- **Return on assets: 1.2%**. Each dollar of assets produces 1.2% of profit.

## Growth
- **Revenue growth (1 yr): -1.8%** (3-yr -5.4%/yr, 5-yr 6.6%/yr). Revenue fell 1.8% over the last year, against 6.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -61.1%** (3-yr -42.4%/yr). Earnings per share fell 61.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 22.3%/yr**. Free cash flow has compounded at 22.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.44**. Debt is 1.44 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.8×**. It would take 2.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 3.3×**. Operating profit covers interest 3.3× over, a safe margin.
- **Current ratio: 2.06** (quick 1.37). Current assets cover the next year's liabilities 2.06 times.
- **Altman Z-score: 2.14**. A Z-score of 2.14 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.29%** (C$1.05 per share, trailing). Methanex Corporation yields 1.29%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 67%** (7% of free cash flow). 67% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 9.7%/yr** (1-yr 0.8%). The dividend has grown 9.7% a year over five years.

## Price and momentum
- **Total return (1 yr): 60.9%** (YTD 50.2%, 3-mo 1.4%). The shares are up 60.9% over twelve months including dividends.
- **From 52-week high: -12.7%** (80.4% above the low). Trading 13% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 0.24** (volatility 50%). Beta of 0.24 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MX.TO · Page: https://foliofundamentals.com/stocks/mx.to

Not investment advice.