Methanex Price To Sales Ratio vs Book Value Per Share Analysis

MX Stock

CAD 66.78 0.54 0.80%

Methanex financial indicator trend analysis is infinitely more than just investigating Methanex recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Methanex is a good investment. Please check the relationship between Methanex Price To Sales Ratio and its Book Value Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.

Price To Sales Ratio vs Book Value Per Share

Price To Sales Ratio vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Methanex Price To Sales Ratio account and Book Value Per Share. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Methanex's Price To Sales Ratio and Book Value Per Share is -0.66. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Methanex, assuming nothing else is changed. The correlation between historical values of Methanex's Price To Sales Ratio and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Methanex are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Price To Sales Ratio i.e., Methanex's Price To Sales Ratio and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.66

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Methanex stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Methanex sales, a figure that is much harder to manipulate than other Methanex multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Methanex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Methanex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.At this time, Methanex's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value is likely to grow to about 6.1 B, while Selling General Administrative is likely to drop about 218.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	865.1M	655.4M	488.5M
Total Revenue	4.4B	4.3B	3.7B	2.3B

Gross Profit Total Revenue

Methanex fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity
Total Assets		0.78	-0.14	0.65	0.83	0.98	-0.85	0.68	0.89	0.93	0.58	0.82	0.38	0.58	0.86	0.19	0.93	0.92	0.52	-0.7	0.84	0.65	0.85	0.24	-0.78	-0.18
Short Long Term Debt Total	0.78		-0.24	0.76	0.52	0.77	-0.81	0.95	0.54	0.67	0.51	0.92	0.67	0.51	0.53	0.01	0.83	0.63	0.44	-0.55	0.98	0.88	0.63	0.46	-0.57	-0.63
Other Current Liab	-0.14	-0.24		-0.01	0.08	-0.14	0.24	-0.25	0.04	-0.26	-0.06	-0.16	0.05	-0.06	-0.03	0.39	-0.28	0.02	-0.21	-0.03	-0.22	-0.12	-0.05	0.24	-0.12	0.11
Total Current Liabilities	0.65	0.76	-0.01		0.65	0.63	-0.87	0.75	0.65	0.68	0.32	0.87	0.71	0.32	0.59	0.26	0.49	0.7	0.36	-0.47	0.83	0.85	0.56	0.81	-0.65	-0.54
Total Stockholder Equity	0.83	0.52	0.08	0.65		0.79	-0.79	0.41	0.98	0.81	0.49	0.7	0.42	0.49	0.86	0.52	0.6	0.85	0.28	-0.64	0.62	0.57	0.78	0.28	-0.84	0.1
Property Plant And Equipment Net	0.98	0.77	-0.14	0.63	0.79		-0.81	0.73	0.87	0.89	0.42	0.84	0.4	0.42	0.86	0.13	0.93	0.87	0.49	-0.71	0.83	0.65	0.73	0.28	-0.75	-0.24
Current Deferred Revenue	-0.85	-0.81	0.24	-0.87	-0.79	-0.81		-0.74	-0.8	-0.91	-0.51	-0.89	-0.55	-0.51	-0.77	-0.24	-0.74	-0.85	-0.46	0.56	-0.89	-0.82	-0.76	-0.43	0.73	0.32
Net Debt	0.68	0.95	-0.25	0.75	0.41	0.73	-0.74		0.45	0.57	0.22	0.93	0.7	0.22	0.48	-0.09	0.75	0.52	0.4	-0.51	0.93	0.88	0.4	0.53	-0.48	-0.74
Retained Earnings	0.89	0.54	0.04	0.65	0.98	0.87	-0.8	0.45		0.87	0.45	0.71	0.35	0.45	0.91	0.44	0.68	0.89	0.35	-0.69	0.64	0.55	0.78	0.28	-0.84	0.07
Accounts Payable	0.93	0.67	-0.26	0.68	0.81	0.89	-0.91	0.57	0.87		0.55	0.74	0.33	0.55	0.83	0.13	0.82	0.93	0.52	-0.54	0.76	0.63	0.83	0.21	-0.68	-0.12
Cash	0.58	0.51	-0.06	0.32	0.49	0.42	-0.51	0.22	0.45	0.55		0.34	0.16	1.0	0.35	0.29	0.56	0.57	0.31	-0.34	0.49	0.34	0.89	-0.04	-0.49	0.06
Non Current Assets Total	0.82	0.92	-0.16	0.87	0.7	0.84	-0.89	0.93	0.71	0.74	0.34		0.69	0.34	0.71	0.22	0.77	0.71	0.39	-0.66	0.97	0.88	0.59	0.55	-0.73	-0.51
Non Currrent Assets Other	0.38	0.67	0.05	0.71	0.42	0.4	-0.55	0.7	0.35	0.33	0.16	0.69		0.16	0.17	-0.09	0.31	0.36	0.12	-0.12	0.63	0.87	0.24	0.63	-0.23	-0.67
Cash And Short Term Investments	0.58	0.51	-0.06	0.32	0.49	0.42	-0.51	0.22	0.45	0.55	1.0	0.34	0.16		0.35	0.29	0.56	0.57	0.31	-0.34	0.49	0.34	0.89	-0.04	-0.49	0.06
Net Receivables	0.86	0.53	-0.03	0.59	0.86	0.86	-0.77	0.48	0.91	0.83	0.35	0.71	0.17	0.35		0.47	0.72	0.86	0.39	-0.78	0.66	0.48	0.72	0.19	-0.9	0.02
Common Stock Shares Outstanding	0.19	0.01	0.39	0.26	0.52	0.13	-0.24	-0.09	0.44	0.13	0.29	0.22	-0.09	0.29	0.47		-0.01	0.24	-0.14	-0.52	0.14	-0.01	0.38	0.1	-0.73	0.48
Non Current Liabilities Total	0.93	0.83	-0.28	0.49	0.6	0.93	-0.74	0.75	0.68	0.82	0.56	0.77	0.31	0.56	0.72	-0.01		0.76	0.53	-0.65	0.85	0.61	0.75	0.1	-0.63	-0.3
Inventory	0.92	0.63	0.02	0.7	0.85	0.87	-0.85	0.52	0.89	0.93	0.57	0.71	0.36	0.57	0.86	0.24	0.76		0.57	-0.59	0.72	0.63	0.87	0.34	-0.76	-0.16
Other Current Assets	0.52	0.44	-0.21	0.36	0.28	0.49	-0.46	0.4	0.35	0.52	0.31	0.39	0.12	0.31	0.39	-0.14	0.53	0.57		-0.5	0.47	0.31	0.49	0.19	-0.31	-0.3
Other Stockholder Equity	-0.7	-0.55	-0.03	-0.47	-0.64	-0.71	0.56	-0.51	-0.69	-0.54	-0.34	-0.66	-0.12	-0.34	-0.78	-0.52	-0.65	-0.59	-0.5		-0.64	-0.35	-0.59	-0.22	0.84	0.04
Total Liab	0.84	0.98	-0.22	0.83	0.62	0.83	-0.89	0.93	0.64	0.76	0.49	0.97	0.63	0.49	0.66	0.14	0.85	0.72	0.47	-0.64		0.87	0.68	0.48	-0.7	-0.55
Property Plant And Equipment Gross	0.65	0.88	-0.12	0.85	0.57	0.65	-0.82	0.88	0.55	0.63	0.34	0.88	0.87	0.34	0.48	-0.01	0.61	0.63	0.31	-0.35	0.87		0.51	0.58	-0.46	-0.68
Total Current Assets	0.85	0.63	-0.05	0.56	0.78	0.73	-0.76	0.4	0.78	0.83	0.89	0.59	0.24	0.89	0.72	0.38	0.75	0.87	0.49	-0.59	0.68	0.51		0.12	-0.76	0.01
Short Term Debt	0.24	0.46	0.24	0.81	0.28	0.28	-0.43	0.53	0.28	0.21	-0.04	0.55	0.63	-0.04	0.19	0.1	0.1	0.34	0.19	-0.22	0.48	0.58	0.12		-0.3	-0.63
Intangible Assets	-0.78	-0.57	-0.12	-0.65	-0.84	-0.75	0.73	-0.48	-0.84	-0.68	-0.49	-0.73	-0.23	-0.49	-0.9	-0.73	-0.63	-0.76	-0.31	0.84	-0.7	-0.46	-0.76	-0.3		-0.06
Common Stock Total Equity	-0.18	-0.63	0.11	-0.54	0.1	-0.24	0.32	-0.74	0.07	-0.12	0.06	-0.51	-0.67	0.06	0.02	0.48	-0.3	-0.16	-0.3	0.04	-0.55	-0.68	0.01	-0.63	-0.06

Click cells to compare fundamentals

Methanex Account Relationship Matchups

Methanex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.2B	5.7B	6.1B	6.6B	6.4B	3.5B
Short Long Term Debt Total	2.5B	3.1B	2.9B	3.0B	3.0B	3.2B
Other Current Liab	26.3M	27.2M	17.2M	29.5M	95.0M	67.3M
Total Current Liabilities	648.2M	765.4M	963.2M	942.6M	1.3B	1.4B
Total Stockholder Equity	1.3B	1.1B	1.7B	2.1B	1.9B	1.4B
Property Plant And Equipment Net	3.6B	3.7B	3.7B	4.2B	4.4B	2.2B
Current Deferred Revenue	(493.8M)	(601.0M)	(836.0M)	(789.2M)	(771.9M)	(733.3M)
Net Debt	2.1B	2.3B	1.9B	2.2B	2.6B	2.7B
Retained Earnings	1.0B	843.6M	1.3B	1.5B	1.5B	792.7M
Accounts Payable	493.8M	601.0M	836.0M	789.2M	771.9M	389.1M
Cash	416.8M	833.8M	932.1M	857.7M	458.0M	431.9M
Non Current Assets Total	4.0B	4.1B	4.1B	4.8B	4.9B	5.2B
Non Currrent Assets Other	82.8M	92.5M	99.2M	356.4M	344.6M	361.8M
Cash And Short Term Investments	416.8M	833.8M	932.1M	857.7M	458.0M	431.9M
Net Receivables	488.7M	412M	551.4M	500.9M	533.6M	365.3M
Common Stock Shares Outstanding	76.7M	76.2M	76.2M	71.7M	67.8M	94.1M
Liabilities And Stockholders Equity	5.2B	5.7B	6.1B	6.6B	6.4B	3.5B
Non Current Liabilities Total	2.9B	3.5B	3.2B	3.3B	3.0B	1.5B
Inventory	281.1M	308.7M	459.6M	439.8M	426.8M	231.1M
Other Current Assets	190.7M	116.4M	139.1M	171.1M	61.9M	50.2M
Other Stockholder Equity	(146.8M)	1.9M	1.9M	1.9M	1.8M	1.7M
Total Liab	3.6B	4.3B	4.1B	4.2B	4.3B	4.5B
Property Plant And Equipment Gross	3.6B	3.7B	6.8B	7.6B	7.9B	8.3B
Total Current Assets	1.2B	1.6B	2.0B	1.9B	1.5B	1.1B
Short Term Debt	128.2M	137.3M	110.1M	123.9M	435.4M	457.2M
Accumulated Other Comprehensive Income	(150.4M)	(137.1M)	(2.7M)	241.9M	22.9M	24.0M
Common Stock Total Equity	480.3M	446.5M	440.5M	440.7M	396.7M	385.2M
Common Stock	442.3M	440.7M	432.7M	401.3M	391.9M	370.0M
Other Liab	558.9M	540.9M	406.5M	361.6M	415.8M	538.8M
Net Tangible Assets	1.3B	1.1B	1.7B	2.1B	1.9B	1.3B
Other Assets	194.4M	230.1M	197.4M	378.8M	435.6M	457.4M
Long Term Debt	1.7B	2.3B	2.1B	2.1B	1.8B	1.8B
Long Term Investments	193.5M	194.0M	217.3M	197.1M	189.9M	163.0M
Short Long Term Debt	38.4M	39.8M	11.8M	15.1M	314.7M	171.4M
Property Plant Equipment	3.6B	3.7B	3.7B	4.2B	4.8B	3.6B
Long Term Debt Total	2.4B	2.9B	2.8B	2.9B	3.3B	2.3B
Capital Surpluse	1.8M	1.9M	1.9M	1.9M	1.7M	1.6M
Non Current Liabilities Other	286.1M	327.5M	193.7M	134.6M	154.9M	225.1M

Pair Trading with Methanex

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Methanex position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Methanex will appreciate offsetting losses from the drop in the long position's value.

Moving against Methanex Stock

0.76	INFM	Infinico Metals Corp	Pair Corr
0.71	HPQ	HPQ Silicon Resources	Pair Corr
0.59	ORE	Orezone Gold Corp	Pair Corr
0.44	NG	NovaGold Resources	Pair Corr

The ability to find closely correlated positions to Methanex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Methanex when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Methanex - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Methanex to buy it.

The correlation of Methanex is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Methanex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Methanex moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Methanex can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Methanex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Methanex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Methanex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Methanex Stock:

How To Invest In Methanex

Details

Is Methanex Stock a good investment?

Details

What is Methanex's Net Worth?

Details

Largest Commodity Chemicals Companies

View

Largest Materials Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Please note, there is a significant difference between Methanex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Methanex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Methanex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Methanex Price To Sales Ratio vs Book Value Per Share Analysis

Price To Sales Ratio vs Book Value Per Share

Price To Sales Ratio vs Book Value Per Share Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Book Value Per Share

Methanex fundamental ratios Correlations

Methanex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Methanex fundamental ratios Accounts

Pair Trading with Methanex

Moving against Methanex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.98	Total Assets
Total Liab	+ 0.98	Short Long Term Debt Total
Retained Earnings	+ 0.98	Total Stockholder Equity
Total Liab	+ 0.97	Non Current Assets Total
Net Debt	+ 0.95	Short Long Term Debt Total

Accounts Payable	- 0.91	Current Deferred Revenue
Intangible Assets	- 0.9	Net Receivables
Total Liab	- 0.89	Current Deferred Revenue
Non Current Assets Total	- 0.89	Current Deferred Revenue
Current Deferred Revenue	- 0.87	Total Current Liabilities
Inventory	- 0.85	Current Deferred Revenue