Methanex Corporation (MEOH) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+58.7%

$108.65

vs $68.45 price

Levered DCF

$82.88

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.24

Grey zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	36.11×	20.55×	18.43×	7.65×	6.24×	-22.37×	33.02×	6.81×
P/B	1.18×	1.61×	1.66×	1.28×	1.79×	3.06×	2.22×	2.57×
P/S	0.8×	0.9×	0.86×	0.63×	0.68×	1.32×	0.9×	0.86×
EV / EBITDA	6.85×	7.15×	7.26×	4.49×	4.22×	17.23×	8.53×	4.41×
Gross margin	25.3%	19.1%	17.6%	20.1%	24.4%	23.2%	23.8%	29.9%
Operating margin	12.9%	8.7%	7.1%	11.4%	16.1%	-2.0%	5.8%	18.5%
Net margin	2.2%	4.4%	4.7%	8.2%	10.9%	-5.9%	2.7%	12.7%
Current ratio	2.06×	2.62×	1.14×	1.99×	2.06×	2.08×	1.9×	1.2×
Debt / equity	1.44×	1.54×	1.56×	1.43×	1.71×	2.69×	1.87×	0.96×
Interest coverage	2.11×	2.45×	2.25×	3.76×	4.93×	-0.32×	1.52×	8.79×
Dividend yield	1.9%	1.5%	1.5%	1.6%	0.8%	1.1%	3.7%	2.7%
Payout ratio	68.2%	30.4%	28.4%	12.4%	5.1%	-24.2%	125.8%	18.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.3%	7.8%	9.0%	16.8%	28.7%	-13.6%	6.6%	37.7%
Return on invested capital	4.9%	4.8%	4.7%	6.7%	11.3%	-0.7%	3.9%	17.0%
Return on assets	1.1%	2.5%	2.7%	5.3%	7.9%	-2.8%	1.7%	12.3%
Free cash flow yield	25.4%	16.7%	6.6%	15.2%	24.9%	3.4%	2.6%	19.0%
Earnings yield	2.8%	4.9%	5.4%	13.1%	16.0%	-4.5%	3.0%	14.7%
Enterprise value	$6B	$5.7B	$5.8B	$4.9B	$5B	$5.8B	$5B	$5.1B
Net debt / EBITDA	3.54×	2.93×	3.22×	1.99×	1.66×	6.73×	3.51×	1.04×
Cash conversion cycle (days)	41	35	11	5	4	4	23	15