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Methanex Corporation (T:MX)

Business Focus: Commodity Chemicals (NEC)

Sector:  Basic Materials Industry:  Commodity Chemicals
 
Company Contact
Address: 1800-200 Burrard St
VANCOUVER BC V6C 3M1
Tel: 1-604-6612600
Website: https://www.methanex.com
IR: See website
Key People
Richard W. Sumner
President, Chief Executive Officer, Director
Dean Richardson
Chief Financial Officer, Senior Vice President - Finance
Kevin I. Price
Senior Vice President, General Counsel, Corporate Secretary
Mark Allard
Senior Vice President - Low Carbon Solutions
Bradley W. Boyd
Senior Vice President - Corporate Resources
Karine Delbarre
Senior Vice President - Global Marketing & Logistics
Kevin Maloney
Senior Vice President - Corporate Development
Gustavo Parra
Senior Vice President - Manufacturing
 
Business Overview
Methanex Corporation is a Canada-based producer and supplier of methanol to international markets. The Company supplies methanol to international markets in North America, Asia Pacific, Europe, and South America. Its operations consist of the production and sale of methanol, a commodity chemical. It operates production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago and the United States. It has three plants in New Zealand, Motunui 1, Motunui 2 and Waitara Valley. Its two plants in Geismar serve customers in methanol markets. It has two plants in Trinidad, Titan and Atlas that supplies methanol to various methanol markets. Its Chile production site supplies methanol to customers in South America and Asia Pacific, having two plants in Chile, Chile I and Chile IV. Its Egypt plant is located on the Mediterranean Sea and primarily supply methanol to the domestic and European market. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.
Financial Overview
For the fiscal year ended 31 December 2023, Methanex Corp revenues decreased 14% to $3.72B. Net income decreased 51% to $174.1M. Revenues reflect Korea segment decrease of 28% to $391.8M, Other Asian Countries segment decrease of 25% to $387.4M. Net income also reflects Egypt gas redirection and sale proceeds decrease from $117.9M (income) to $0K, Other Expenses increase of 23% to $137.2M (expense).
Employees: 1,451 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $7,528M as of Dec 31, 2023
Annual revenue (TTM): $5,041M as of Dec 31, 2023
EBITDA (TTM): $887.28M as of Dec 31, 2023
Net annual income (TTM): $235.75M as of Dec 31, 2023
Free cash flow (TTM): $219.91M as of Dec 31, 2023
Net Debt Last Fiscal Year: $3,460M as of Dec 31, 2023
Shares outstanding: 67,387,492 as of Jan 30, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization