Methanex Corporation

TSX:MX Stock Report

Market Cap: CA$6.8b

Methanex Future Growth

Future criteria checks 3/6

Methanex's revenue is forecast to decline at 6.4% per annum while its annual earnings are expected to grow at 27.7% per year. EPS is expected to grow by 19.7% per annum. Return on equity is forecast to be 13.7% in 3 years.

Key information

27.7%

Earnings growth rate

19.71%

EPS growth rate

Chemicals earnings growth3.2%
Revenue growth rate-6.4%
Future return on equity13.69%
Analyst coverage

Good

Last updated06 Sep 2026

Recent future growth updates

Recent updates

Analysis Article • Aug 04

There May Be Reason For Hope In Methanex's (TSE:MX) Disappointing Earnings

Shareholders appeared unconcerned with Methanex Corporation's ( TSE:MX ) lackluster earnings report last week. We think...
Narrative Update • Jul 17

MX: Shipping Normalization And Higher Margins Are Expected To Support Upside

The analyst price target for Methanex has been updated to CA$91.07 from CA$70.59, with analysts pointing to adjusted profit margin assumptions, a lower discount rate, and a reduced future P/E multiple in light of recent sector research on methanol pricing and shipping normalization. Analyst Commentary Recent Street research on Methanex highlights a mix of optimism around earnings quality and concern about the durability of methanol pricing.
Narrative Update • Mar 09

MX: Mixed Views Suggest Fair Outlook As Production And Low Carbon Plans Advance

The analyst price target for Methanex has moved higher, with the fair value estimate rising from CA$62.42 to CA$70.59 as analysts factor in higher assumed profit margins and recent CA$5 to CA$12 price target increases across several firms, despite mixed rating changes. Analyst Commentary Recent Street research on Methanex presents a mix of optimism around pricing power and asset utilization, alongside caution on the risk-reward balance and rating downgrades.
Analysis Article • Feb 01

An Intrinsic Calculation For Methanex Corporation (TSE:MX) Suggests It's 37% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, Methanex fair value estimate is CA$103 Current share price of...
Narrative Update • Jan 14

MX: Mixed Research Views Suggest Balanced Outlook On 2025 Production Guidance

The analyst price target for Methanex has shifted lower to around $62 from about $76, as analysts rework their models around a higher assumed future P/E, slightly faster revenue growth, and more conservative margin expectations in light of recent mixed research, including a Raymond James downgrade and incremental target hikes from UBS, Scotiabank, and CIBC. Analyst Commentary Recent research on Methanex reflects a split view, with some analysts more constructive on the company’s ability to execute and create value, while others are increasingly cautious about risks to the story.
Analysis Article • Dec 23

Subdued Growth No Barrier To Methanex Corporation's (TSE:MX) Price

It's not a stretch to say that Methanex Corporation's ( TSE:MX ) price-to-earnings (or "P/E") ratio of 14.7x right now...
Analysis Article • Nov 25

Is Methanex Corporation (TSE:MX) Potentially Undervalued?

Methanex Corporation ( TSE:MX ), might not be a large cap stock, but it received a lot of attention from a substantial...
Analysis Article • Nov 06

We Think Methanex's (TSE:MX) Healthy Earnings Might Be Conservative

Shareholders appeared to be happy with Methanex Corporation's ( TSE:MX ) solid earnings report last week. According to...
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New Narrative • Jan 16

Full Operation At G3 Plant Will Increase Production Capacity By 18 Million Tonnes Per Year

Successful G3 plant operations and new gas contracts in Chile enhance production capacity and stabilize revenues, benefiting future earnings.

Earnings and Revenue Growth Forecasts

TSX:MX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,8753375848384
12/31/20274,0035197251,1169
12/31/20264,8696111,0061,3359
6/30/20264,26588936995N/A
3/31/20263,666-45758832N/A
12/31/20253,589809171,016N/A
9/30/20253,5692149281,057N/A
6/30/20253,5772529141,083N/A
3/31/20253,701223788962N/A
12/31/20243,720164563737N/A
9/30/20243,693152452652N/A
6/30/20243,582146255548N/A
3/31/20243,601167220589N/A
12/31/20233,723174212660N/A
9/30/20233,787182157692N/A
6/30/20233,976227371914N/A
3/31/20234,174295256824N/A
12/31/20224,311354410987N/A
9/30/20224,5785135571,043N/A
6/30/20224,6445156111,016N/A
3/31/20224,5754968361,153N/A
12/31/20214,415482749994N/A
9/30/20213,973255577809N/A
6/30/20213,47697292543N/A
3/31/20212,920-75200486N/A
12/31/20202,650-157119461N/A
9/30/20202,608-12189478N/A
6/30/20202,792-43141514N/A
3/31/20203,12772N/A445N/A
12/31/20193,28488N/A515N/A
9/30/20194,042240N/A619N/A
6/30/20194,320378N/A776N/A
3/31/20194,422439N/A949N/A
12/31/20184,483569N/A980N/A
9/30/20183,817476N/A968N/A
6/30/20183,493380N/A857N/A
3/31/20183,212353N/A811N/A
12/31/20173,061316N/A780N/A
9/30/20172,785273N/A623N/A
6/30/20172,575229N/A580N/A
3/31/20172,374142N/A371N/A
12/31/20161,998-13N/A227N/A
9/30/20161,897-28N/A222N/A
6/30/20161,91461N/A282N/A
3/31/20162,084169N/A330N/A
12/31/20152,226201N/A297N/A
9/30/20152,475324N/A464N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MX's forecast earnings growth (27.7% per year) is above the savings rate (3.1%).

Earnings vs Market: MX's earnings (27.7% per year) are forecast to grow faster than the Canadian market (11.4% per year).

High Growth Earnings: MX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MX's revenue is expected to decline over the next 3 years (-6.4% per year).

High Growth Revenue: MX's revenue is forecast to decline over the next 3 years (-6.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MX's Return on Equity is forecast to be low in 3 years time (13.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 18:58
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Methanex Corporation is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAlembic Global Advisors
Michael LeitheadBarclays
Jonas OxgaardBernstein