Methanex

OverviewSuggest Edit

Methanex is a company that produces and supplies methanol. Its operations are supported by a supply chain of terminals, storage facilities, and a fleet of methanol ocean tankers. The company serves chemical and petrochemical producers.
TypePublic
Founded1968
HQVancouver, CA
Websitemethanex.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Apr 2022)1,489
Job Openings28
Revenue (FY, 2021)$4.4 B(+67%)
Share Price (Jul 2022)C$50.6
Cybersecurity ratingCMore
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Key People/Management at Methanex

John Floren

John Floren

President and Chief Executive Officer
Doug Arnell

Doug Arnell

Chair of the Board
Brad Boyd

Brad Boyd

Senior Vice President, Corporate Resources
Ian Cameron

Ian Cameron

Senior Vice President, Finance and CFO
Vanessa James

Vanessa James

Senior Vice President, Corporate Development and Sustainability
Kevin Henderson

Kevin Henderson

Senior Vice President, Manufacturing
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Methanex Office Locations

Methanex has offices in Vancouver, Medicine Hat, Geismar, Plano and in 13 other locations
Vancouver, CA (HQ)
200 Burrard St
Waterloo, BE
Waterloo Office Park - Building P Dreve Richelle 161 P
Las Condes, CL
Rosario Nte 100, piso 6
Punta Arenas, CL
Km. 28, 5 Route 9, North, Cabo Negro
Beijing, CN
Unit A, 20F, Tower A Gateway No. 18 Xiaguangli, East 3rd Ring Rd
Shanghai, CN
Unit 1102 - 1104 11F, Tower 2, Jing An Kerry Center, 1539 West Nanjing Road
Show all (17)

Methanex Financials and Metrics

Methanex Revenue

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View revenue for all periods
Methanex's revenue was reported to be $4.41 b in FY, 2021
USD

Revenue (Q1, 2022)

1.2b

Gross profit (Q1, 2022)

283.7m

Gross profit margin (Q1, 2022), %

24.1%

Net income (Q1, 2022)

136.7m

EBITDA (Q1, 2022)

304.7m

EBIT (Q1, 2022)

212.3m

Market capitalization (26-Jul-2022)

3.8b

Closing stock price (26-Jul-2022)

50.6

Cash (31-Mar-2022)

1.1b

EV

5.6b
Methanex's current market capitalization is C$3.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

4.5b3.3b2.6b4.4b

Cost of goods sold

(2.7b)(2.2b)(1.7b)(2.7b)

Gross profit

1.7b1.2b954.4m1.7b

Gross profit Margin, %

39%35%36%38%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

732.7m734.4m649.7m745.1m512.3m581.3m1.0b1.1b1.1b1.2b

Cost of goods sold

(581.3m)(576.3m)(581.0m)(598.5m)(484.3m)(557.2m)(746.0m)(816.7m)(857.9m)(892.1m)

Gross profit

151.4m158.1m68.7m156.4m28.0m24.1m269.5m251.6m220.2m283.7m

Gross profit Margin, %

21%22%11%21%5%4%27%24%20%24%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

256.1m416.8m833.8m932.1m

Accounts Receivable

456.7m438.4m358.9m470.1m

Prepaid Expenses

32.5m37.8m33.7m36.0m

Inventories

388.0m281.1m308.7m459.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

285.1m228.0m857.4m823.4m782.7m1.2b856.2m763.8m932.4m1.1b

Accounts Receivable

476.1m468.8m423.7m491.3m303.9m308.0m494.2m515.3m507.3m475.8m

Prepaid Expenses

28.1m32.6m40.1m32.4m29.0m31.5m32.8m27.9m34.7m43.2m

Inventories

336.3m361.9m300.3m320.8m275.8m277.3m388.8m404.2m386.6m432.2m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

658.0m116.4m(125.3m)555.9m

Depreciation and Amortization

245.3m344.1m357.1m363.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

46.4m95.7m129.1m33.7m(27.9m)(73.7m)123.9m247.8m458.9m136.7m

Depreciation and Amortization

85.3m171.0m341.5m90.0m181.5m360.1m90.5m185.1m366.5m92.4m
USDFY, 2018

EV/EBITDA

4.5 x

EV/EBIT

5.7 x

EV/CFO

5.2 x

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.5 x
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Methanex Revenue Breakdown

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Methanex revenue breakdown by business segment: 100.0% from PRODUCTION AND SALE OF METHANOL

Methanex revenue breakdown by geographic segment: 10.3% from OTHER ASIA, 20.0% from EUROPE, 15.2% from UNITED STATES, 11.9% from SOUTH KOREA, 28.6% from CHINA (PEOPLES REPUBLIC), 9.9% from SOUTH AMERICA and 4.0% from Other

Methanex Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Methanex Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Methanex Online and Social Media Presence

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Methanex News and Updates

Methanex Corporation Announces a 20% Dividend Increase

VANCOUVER, British Columbia, July 14, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 20% increase in its quarterly dividend to US$0.175 per share from US$0.145 per share. The increased di…

Methanex Increases Its Existing Share Repurchase Program to 10% of Public Float

VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved an amendment to its existing Normal Course Issuer Bid originally announced on September 16, 2021 (the “Bid”) which in…

Methanex Corporation Announces a 16% Dividend Increase

VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 16% increase in its quarterly dividend to US$0.145 per share from US$0.125 per share. The increased d…

METHANEX Releases 2021 Sustainability Report

VANCOUVER, British Columbia, April 14, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, released its 2021 Sustainability Report today. The report captures a year of focused action on Methanex’s identified material environm…

Methanex and Mitsui O.S.K. Lines Announce Closing of Strategic Partnership

VANCOUVER, British Columbia and TOKYO, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) announced the completion of the previously announced strategic partnership involving Methanex’s Waterfront Shipping (WFS) s…

Methanex Corporation Appoints Xiaoping Yang to Its Board of Directors

VANCOUVER, British Columbia, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) is pleased to announce the appointment of Xiaoping Yang to its Board of Directors effective January 1, 2022.
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Methanex Blogs

Engineer, Rotating Equipment Maintenance

Position Summary Perform/ supervise all maintenance activities and overhaul for all plant Rotating equipment during normal operation and Turnaround / Shutdowns according to company RC policies and procedures to improve the reliability of plant assets and equipment’s and meet maintenance ta…

Senior Engineer, Instrument Maintenance

Position Summary Lead, guide, Instrument Maintenance Engineers and Contractor team during normal operation and turnaround / Shutdown. Guide the discipline Daily/weekly/monthly maintenance plans. Ensures that team members comply with the company’s RC policies, procedures and meet Maintenanc…

Application Analyst

Position Summary The Applications Analyst responsible for providing support and administration services to ensure reliable, efficient operation of the IT applications across all aspects of Methanex’s business. As a member of the Global IT Applications support team, this role should demons…

Lead, Process Safety Management

Position Summary Provide leadership for deploying and ensuring the sustainability of Methanex Egypt Safety Engineering and Process Safety Management (PSM) system elements by developing highly engaged employees and contractors work forces.   Manage the Process Safety Management systems wit…

Graduate Program - Operations

Position Summary Methanex is recruiting for an Operations Graduate to join our Operations team and be based in our Plant in Damietta, Egypt. This is an exciting opportunity that aims at preparing you for a career in the petrochemicals industry. Upon selection, you will enjoy a rich experie…

Methanex Frequently Asked Questions

  • When was Methanex founded?

    Methanex was founded in 1968.

  • Who are Methanex key executives?

    Methanex's key executives are John Floren, Doug Arnell and Brad Boyd.

  • How many employees does Methanex have?

    Methanex has 1,489 employees.

  • What is Methanex revenue?

    Latest Methanex annual revenue is $4.4 b.

  • What is Methanex revenue per employee?

    Latest Methanex revenue per employee is $3 m.

  • Who are Methanex competitors?

    Competitors of Methanex include OCI, Baotailong New Materials and LCY Group.

  • Where is Methanex headquarters?

    Methanex headquarters is located at 200 Burrard St, Vancouver.

  • Where are Methanex offices?

    Methanex has offices in Vancouver, Medicine Hat, Geismar, Plano and in 13 other locations.

  • How many offices does Methanex have?

    Methanex has 17 offices.