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 |