MEOH
Methanex Corporation
MEOH's fundamentals are strong, but it looks expensive: trading at 69x earnings, about five times its usual 13x. Analysts expect strong earnings growth, though they disagree widely on how much.
MEOH Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Stable |
MEOH's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
MEOH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.4x | $70.11 | — |
| Cheap | 7.7x | $7.78 | -89% |
| Fair | 13x | $13.02 | -81% |
| Expensive | 23x | $23.23 | -67% |
| Current | 69x | $70.11 | — |
Historical ranges are pointers, not guarantees.
MEOH's PE is in its expensive range at 69x. If earnings grow as analysts expect, today's price would be 7.4x next year's earnings, in its cheap range.
MEOH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect MEOH's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
MEOH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.52 | +842% |
| Q2 2026 | $1.01 | -71% |
| Q1 2026 | -$0.48 | -116% |
| Q4 2025 | $1.14 | -53% |
| Q3 2025 | $3.08 | +43% |
| Q2 2025 | $3.52 | +63% |
| Q1 2025 | $3.08 | +24% |
| Q4 2024 | $2.42 | -20% |
| Q3 2024 | $2.16 | -36% |
MEOH's earnings per share have fallen from their peak: $1.01 over the past year, against $7.66 in late 2022.
MEOH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.4B | +75% |
| Q1 2026 | $973.7M | +8.6% |
| Q4 2025 | $968.8M | +2.1% |
| Q3 2025 | $927.4M | -0.8% |
| Q2 2025 | $796.5M | -13% |
| Q1 2025 | $896.5M | -2.1% |
| Q4 2024 | $949M | +2.9% |
| Q3 2024 | $934.8M | +14% |
MEOH's revenue is growing: $1.4B last quarter, up 75% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 37% | +23 points |
| Q1 2026 | 8.6% | -15 points |
| Q4 2025 | 7.4% | -5.7 points |
| Q3 2025 | 7.4% | +3 points |
| Q2 2025 | 14% | +6.1 points |
| Q1 2025 | 23% | +14 points |
| Q4 2024 | 13% | +7.7 points |
| Q3 2024 | 4.4% | +5 points |
MEOH's operating margin was 37% last quarter, up 23 points from the same quarter a year ago, near the top of its range since 2019.
MEOH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $351.4M | +75% |
| Q1 2026 | $109.7M | -59% |
| Q4 2025 | $159.3M | -6.6% |
| Q3 2025 | $119.2M | -27% |
| Q2 2025 | $201.2M | +100% |
| Q1 2025 | $267.9M | +515% |
| Q4 2024 | $170.6M | +188% |
| Q3 2024 | $163.5M | +$212.5M |
MEOH generated $739M in free cash flow over the past year, down 7.9% from the year before.
MEOH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +200K shares |
| 1 year | +14% | +9.7M shares |
| 3 years | +14% | +9.6M shares |
| 5 years | +1.5% | +1.2M shares |
| Available history | +1.7% | +1.3M shares |
MEOH has 78M diluted shares, up 14% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
MEOH hasn't bought back shares in the past year.
MEOH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 4.3x | High |
| Q4 2025 | 3.5x | Elevated |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.4x | Elevated |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.9x | Moderate |
| Q3 2024 | 3.2x | Elevated |
MEOH's net debt is about 2.7 years of its operating earnings (EBITDA), down from 3.4 years a year ago.
MEOH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.3 | Neutral |
| Stochastic | 85.4 | Overbought |
MEOH's weekly RSI is 62 (neutral) and its Stochastic is 85 (overbought).
MEOH PE vs Basic Materials Sector
| Metric | MEOH | Sector median | Relative |
|---|---|---|---|
| PE | 69x | 19x | 273% above |
| PE % | 99 | 40 | 59 pts above |
MEOH is trading at 69x earnings, a 273% premium to the Basic Materials sector's median of 19x.
MEOH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $64.4 | 8.8% above |
| 20 week MA | $59.3 | 18% above |
| 50 week MA | $55.0 | 27% above |
| 100 week MA | $46.4 | 51% above |
| 200 week MA | $45.7 | 53% above |
MEOH is in an uptrend: it's above all five of its weekly moving averages, and 53% above its 200-week average.
MEOH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $38.8 | $46.6 | +20% |
| 2021 | $46.6 | $42.7 | -8.4% |
| 2022 | $42.7 | $36.9 | -14% |
| 2023 | $36.9 | $47.4 | +29% |
| 2024 | $47.4 | $49.0 | +3.5% |
| 2025 | $49.0 | $40.2 | -18% |
| 2026 YTD | $40.2 | $70.1 | +74% |
MEOH is up 74% so far in 2026, after finishing lower in three of the previous six years.