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  5. MX: Please give me your view on Methanex price, Will it have any staying power if oil/gas drops or will it follow the oil/gas if it drops. [Methanex Corporation]
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Q: Please give me your view on Methanex price, Will it have any staying power if oil/gas drops or will it follow the oil/gas if it drops.

Thanks, Mike
Asked by Mike on April 16, 2026
5i Research Answer:

MX is cyclical, but remains very cheap at 9.7x earnings even after its 46% YTD move. Its business is usually contract based, so much depends on how many contracts it signs while prices are high. Based on consensus, EPS should more than double this year, but slip about 25% next year. But there is high variability in contract prices. Gas is an big input cost to the company. We think the stock remains attractive, in small amounts to reflect its high volatility. 

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