MEOH
Basic MaterialsMethanex Corporation · Chemicals · $5B
What is Methanex Corporation?
Methanex Corporation is the world's largest producer and supplier of methanol, serving customers across North America, Asia Pacific, Europe, and South America. Headquartered in Vancouver, Canada, the company plays a central role in global methanol supply chains.
Methanex produces methanol at its own plants and supplements supply by purchasing methanol from third parties through offtake contracts and spot-market transactions. The company owns and leases storage and terminal facilities to support distribution, and operates a fleet of roughly 30 ocean-going vessels to move product across global markets. Its primary customers are chemical and petrochemical producers who use methanol as a feedstock for a wide range of industrial applications.
Methanex was founded in 1992 and is headquartered in Vancouver, Canada.
- Methanol production from company-owned plants
- Third-party methanol procurement via offtake and spot contracts
- Ocean freight logistics through a managed vessel fleet
- Storage and terminal facility ownership and leasing
Is MEOH a Good Stock to Buy?
UQS Score rates MEOH as Below Average overall, reflecting meaningful challenges across several key dimensions.
Valuation stands out as the most constructive element of the MEOH profile, rated Attractive — suggesting the market may already be pricing in much of the downside. Quality and Growth both register as Neutral, meaning neither is a clear drag nor a standout positive.
Both the Moat and Risk pillars are rated Weak, pointing to limited competitive differentiation and above-average exposure to commodity price swings and operational uncertainty.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does MEOH pay dividends?
Yes — Methanex Corporation pays a dividend.
Methanex pays a regular dividend, which may appeal to income-oriented investors in the basic materials space. As a commodity-linked business, dividend sustainability can be sensitive to methanol price cycles. Investors should weigh the income component against the cyclical nature of the underlying business before relying on it as a stable income source.
When does MEOH report earnings?
Methanex reports earnings on a quarterly cadence, typical for US- and Canada-listed equities.
Results tend to move in line with global methanol prices and plant utilization rates, making quarterly swings common. Revenue and profitability can vary meaningfully from one period to the next depending on feedstock costs and regional demand conditions.
For the most recent quarter's results, visit Methanex Corporation's investor relations page directly.
MEOH Price History
+77.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Methanex Corporation?
Based on Methanex Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
MEOH Long-term Outlook
The fundamental outlook for MEOH is shaped by its Neutral Growth profile and Weak Risk rating. While the business has exposure to long-term methanol demand from energy transition applications — such as marine fuel and chemical feedstocks — near-term trajectory remains tied to commodity price cycles. The Attractive Valuation label suggests limited downside may be priced in, but the Weak Moat profile means the company has little pricing power to buffer against input cost pressures or demand softness.
Growth drivers
- Growing adoption of methanol as a marine fuel alternative
- Steady demand from chemical and petrochemical end markets
- Potential capacity utilization improvements across global plants
Key risks
- High sensitivity to global methanol price volatility
- Weak competitive moat limits ability to defend margins
- Operational and geopolitical exposure across multiple production regions
MEOH vs Peers
Methanex operates in a competitive basic materials landscape alongside diversified chemical producers.
The TSX-listed share class of the same company, offering Canadian investors direct exposure to the same methanol-focused business.
Celanese is a diversified specialty chemical producer with a broader product portfolio and greater end-market diversification than Methanex's methanol focus.
Huntsman operates across multiple chemical segments, giving it more product-line diversity but also different risk and margin dynamics compared to a pure-play methanol producer.
Frequently Asked Questions
What does Methanex Corporation do?
Methanex produces and supplies methanol globally, operating plants across multiple continents and supplementing its own output with third-party purchases. It also manages a fleet of ocean-going vessels and owns terminal and storage facilities to support worldwide distribution to chemical and petrochemical customers.
Does MEOH pay dividends?
Yes, Methanex pays a regular dividend. However, as a commodity-linked company, the dividend can be influenced by methanol price cycles and earnings variability. Investors focused on income should review the company's dividend history and payout policy on its investor relations page.
When does MEOH report earnings?
Methanex reports on a quarterly cadence. Specific upcoming dates are not covered by our data source — check the company's investor relations page or financial calendar for the most current schedule.
Is MEOH a good stock to buy?
UQS Score rates MEOH as Below Average, driven by Weak Moat and Risk pillars. The Valuation pillar is rated Attractive, which may interest contrarian or value-oriented investors. Whether it fits your portfolio depends on your risk tolerance and view on methanol commodity cycles. The full pillar breakdown is available to Pro members.
Is MEOH overvalued?
Based on the UQS Valuation pillar, MEOH is rated Attractive — meaning the current price appears to reflect or more than reflect the underlying risks. That said, an attractive valuation alone does not offset the Weak Moat and Risk profile. See the complete valuation analysis by signing up for UQS Pro.
How does MEOH compare to its competitors?
Compared to diversified chemical peers like Celanese and Huntsman, Methanex is a pure-play methanol producer with narrower product diversification. This focus can amplify both upside and downside relative to broader chemical companies when methanol prices move sharply in either direction.
What is MEOH's market cap bracket?
Methanex is classified as a mid-cap company. This places it in a range where institutional coverage exists but liquidity and analyst attention may be lower than large- or mega-cap peers in the materials sector.
Who founded Methanex Corporation?
Methanex was incorporated in 1992 and grew out of earlier Canadian natural gas and chemical industry activity. Detailed founding history, including key individuals involved, is publicly available through the company's official corporate history and investor relations materials.
Is MEOH a long-term quality investment?
As a long-term quality indicator, the UQS Score rates MEOH as Below Average. The Weak Moat pillar suggests limited durable competitive advantage, which is an important consideration for long-horizon investors. The Attractive Valuation may offer some cushion, but quality and moat durability matter most over extended holding periods.
What is the main competitive advantage of Methanex?
Methanex's primary advantage is scale — as the world's largest methanol producer, it benefits from global distribution infrastructure, a managed vessel fleet, and established customer relationships. However, the UQS Moat pillar rates this as Weak, reflecting that methanol is largely a commodity with limited pricing power.
What sector does MEOH belong to?
Methanex belongs to the Basic Materials sector, specifically within the chemicals industry. Companies in this sector are typically sensitive to commodity price cycles, global industrial demand, and input cost fluctuations — all of which affect Methanex's financial performance.
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Pro Analysis
MEOH — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 39.1 | 31.7 | 18.0 | 47.3 | 26.5 | 88.3 | +0.5 |
| May 10, 2026 | 38.6 | 17.2 | 18.0 | 49.0 | 38.8 | 94.4 | -5.0 |
| May 7, 2026 | 43.6 | 41.8 | 18.0 | 48.4 | 32.1 | 94.4 | +0.1 |
| May 4, 2026 | 43.5 | 41.8 | 18.0 | 48.4 | 32.1 | 93.7 | +0.4 |
| May 3, 2026 | 43.1 | 41.8 | 18.0 | 49.3 | 32.1 | 90.2 | -0.3 |
| May 2, 2026 | 43.4 | 41.8 | 18.0 | 49.3 | 32.1 | 91.9 | -0.2 |
| May 1, 2026 | 43.6 | 41.8 | 18.0 | 50.5 | 32.1 | 91.5 | 0.0 |
| Apr 28, 2026 | 43.6 | 41.8 | 18.0 | 50.4 | 32.1 | 91.6 | -0.1 |
| Apr 26, 2026 | 43.7 | 41.8 | 18.0 | 50.8 | 32.1 | 91.6 | -0.3 |
| Apr 23, 2026 | 44.0 | 41.8 | 18.0 | 50.8 | 32.1 | 94.0 | +0.9 |
MEOH — Pillar Breakdown
Quality
— 31.7/100 (25%)Methanex Corporation currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 46.9/100 (20%)Methanex Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 26.5/100 (15%)Methanex Corporation presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 89.0/100 (15%)Methanex Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 18/100 (25%)Methanex Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MEOH.
Score Composition
Financial Data
More Stock Analysis
How is the MEOH UQS Score Calculated?
The UQS (Unified Quality Score) for Methanex Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Methanex Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Methanex Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.