MX Relative Valuation - Methanex Corp

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Price: 83.115 CAD -4.47% Market Closed

Market Cap: CA$6.4B

	Methanex Corp TSX:MX	CA
	Banco Pine SA BOVESPA:PINE4	BR

Multiples-Based Value

The Multiples-Based Value for Methanex Corp (MX) under the Base Case is 90.727 CAD. Compared with the current market price of 83.115 CAD, the stock appears Undervalued by 8%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Multiples-Based Value calculated?

MX Multiples-Based Value

Base Case

Undervaluation 8%

Multiples-Based Value

Price CA$83.115

Worst Case

Base Case

Best Case

Valuation Multiples

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Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

		Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CA	Methanex Corp TSX:MX	6.7B CAD	1.4	63.2	8.7	17.2
SA	Saudi Basic Industries Corporation SJSC SAU:2010	228.3B SAR	2	-8.8	11.1	33.9
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	45.6B USD	8.1	25.7	189.4	189.4
US	Dow Inc NYSE:DOW	29.9B USD	0.7	-11.3	14.3	180.3
UK	LyondellBasell Industries NV NYSE:LYB	25.9B USD	0.9	-34.5	15.7	42
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	397.1T IDR	4.2	13.3	99.9	99.9
CN	Hengli Petrochemical Co Ltd SSE:600346	152.4B CNY	0.7	21.9	20.1	20.1
TW	Nan Ya Plastics Corp TWSE:1303	586.1B TWD	2.3	129.7	25	176.8
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	114.9B CNY	0.4	156	29.1	29.1
KR	LG Chem Ltd KRX:051910	23.4T KRW	0.5	-12.9	5.9	32.1
US	Westlake Corp NYSE:WLK	14.9B USD	1.3	-9.9	17.6	-80.8

			Revenue Growth	P/S to Growth
CA	Methanex Corp TSX:MX	Average P/S: 2 1.4	N/A	N/A
SA	Saudi Basic Industries Corporation SJSC SAU:2010	2	N/A	N/A
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	8.1	57%	0.1
US	Dow Inc NYSE:DOW	0.7	2%	0.4
UK	LyondellBasell Industries NV NYSE:LYB	0.9	1%	0.9
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	4.2	57%	0.1
CN	Hengli Petrochemical Co Ltd SSE:600346	0.7	1%	0.7
TW	Nan Ya Plastics Corp TWSE:1303	2.3	9%	0.3
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	0.4	1%	0.4
KR	LG Chem Ltd KRX:051910	0.5	13%	0
US	Westlake Corp NYSE:WLK	1.3	4%	0.3

			Earnings Growth	PEG
CA	Methanex Corp TSX:MX	Average P/E: 68.3 63.2	N/A	N/A
SA	Saudi Basic Industries Corporation SJSC SAU:2010	Negative Multiple: -8.8	N/A	N/A
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	25.7	N/A	N/A
US	Dow Inc NYSE:DOW	Negative Multiple: -11.3	N/A	N/A
UK	LyondellBasell Industries NV NYSE:LYB	Negative Multiple: -34.5	N/A	N/A
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	13.3	N/A	N/A
CN	Hengli Petrochemical Co Ltd SSE:600346	21.9	17%	1.3
TW	Nan Ya Plastics Corp TWSE:1303	129.7	99%	1.3
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	156	82%	1.9
KR	LG Chem Ltd KRX:051910	Negative Multiple: -12.9	N/A	N/A
US	Westlake Corp NYSE:WLK	Negative Multiple: -9.9	N/A	N/A

			EBITDA Growth	EV/EBITDA to Growth
CA	Methanex Corp TSX:MX	Average EV/EBITDA: 39.7 8.7	N/A	N/A
SA	Saudi Basic Industries Corporation SJSC SAU:2010	11.1	N/A	N/A
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	189.4	N/A	N/A
US	Dow Inc NYSE:DOW	14.3	19%	0.8
UK	LyondellBasell Industries NV NYSE:LYB	15.7	20%	0.8
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	99.9	N/A	N/A
CN	Hengli Petrochemical Co Ltd SSE:600346	20.1	32%	0.6
TW	Nan Ya Plastics Corp TWSE:1303	25	23%	1.1
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	29.1	70%	0.4
KR	LG Chem Ltd KRX:051910	5.9	25%	0.2
US	Westlake Corp NYSE:WLK	17.6	29%	0.6

			EBIT Growth	EV/EBIT to Growth
CA	Methanex Corp TSX:MX	Average EV/EBIT: 82.1 17.2	4%	4.3
SA	Saudi Basic Industries Corporation SJSC SAU:2010	33.9	25%	1.4
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	189.4	N/A	N/A
US	Dow Inc NYSE:DOW	180.3	111%	1.6
UK	LyondellBasell Industries NV NYSE:LYB	42	44%	1
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	99.9	N/A	N/A
CN	Hengli Petrochemical Co Ltd SSE:600346	20.1	14%	1.4
TW	Nan Ya Plastics Corp TWSE:1303	176.8	113%	1.6
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	29.1	20%	1.5
KR	LG Chem Ltd KRX:051910	32.1	92%	0.3
US	Westlake Corp NYSE:WLK	Negative Multiple: -80.8	N/A	N/A

Methanex Corp
TSX:MX

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

MX Competitors Multiples
Methanex Corp Competitors

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Methanex Corp TSX:MX

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

MX Competitors Multiples Methanex Corp Competitors

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Methanex Corp
TSX:MX

MX Competitors Multiples
Methanex Corp Competitors