I think Methanex Corporation ($MEOH) should not be held or accumulated. Confident Investor Rating: Poor
|Company name||Methanex Corporation|
|Live stock price||[stckqut]MEOH[/stckqut]|
|P/E compared to competitors||Fair|
|Return on Assets growth||Good|
|Income / Rev growth||Good|
|Weighted ann. stock price increase||Poor|
|Confident Investor Rating||Poor|
|Target stock price (TWCA growth scenario)||$28.71|
|Target stock price (averages with growth)||$17.13|
|Target stock price (averages with no growth)||$24.5|
|Target stock price (manual assumptions)||$24.15|
The following company description is from Reuters: https://finance.yahoo.com/quote/meoh/profile?p=meoh
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, the company owns and leases storage and terminal facilities. It owns and manages a fleet of approximately 30 ocean-going vessels. The company serves chemical and petrochemical producers. Methanex Corporation was founded in 1968 and is headquartered in Vancouver, Canada.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Methanex Corporation. I am removing Methanex from my Watch List.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of Methanex Corporation calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
- Stock price at the time of the calculation: $18.58
- Growth: 0.174333333333333
- Current EPS (TTM): $0.9467915
- P/E: 18.3944050322267
- Future EPS Calc: $2.11
- Future Stock Price Calc: $38.89
- Target stock price: $24.15
I hope that this makes you a Confident Investor.