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Is this Large Market Cap Stock target price reasonable for Methanex Corporation (NASDAQ:MEOH)?

The company in question is, Methanex Corporation (NASDAQ:MEOH) currently with a stock price of 37 (0.79% today). The market cap for Methanex Corporation is 3348.32, and is in the sector Basic Materials, and Specialty Chemicals industry. The target price for Methanex Corporation is 38.73. Currently Methanex Corporation is trading with a P/E of 54.71, and a forward P/E of 29.94. Average volume for Methanex Corporation is 810.85 and so far today it is 206643.

Performance in the last year for Methanex Corporation has been -9.11%. For EPS growth, Methanex Corporation has seen a growth of -53.50%, and is looking to grow in the next year to 261.80%. More long term stats show that EPS growth has been 16.40% over the last five years and could be 13.00% for the next five years. Methanex Corporation has seen sales growth quarter over quarter at -26.60%, with EPS growth quarter over quarter at -102.80%. The 20-day simple moving average is 19.23%, with the 200-day simple moving average coming to 22.47%.

Since the IPO date for Methanex Corporation on the 5/19/1992, Methanex Corporation has seen performance year to date to be 14.11%. With Methanex Corporation trading at 37, the dividend yield is 3.00%, and the EPS is 0.67.

So could Methanex Corporation, be undervalued? Well as said before P/E is 54.71. The PEG is 4.21, P/S is 1.75 and the P/B is at 2. The P/cash is 14.01, with P/free cash flow at *TBA.

Methanex Corporation ability to deal with debt shows that the current ratio is 1.8, and the quick ratio is 1.3. This is with long term debt/equity at 0.91, and total debt/equity at 0.94.

In terms of margins, Methanex Corporation has a gross margin of 13.10%, an operating margin of 3.70% and a profit margin of 3.20%.Payout ratio for Methanex Corporation is 163.20%. Return on assets come to 1.40% with return on investment coming to 7.00%.

Insider ownership for Methanex Corporation, is at 0.50% and institutional ownership comes to 74.80%. Outstanding shares are at 91.21. While shares float is 89.41. The float short is currently 10.08%, and short ratio is 11.11.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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