MX (Methanex Corp) vs S&P TSX Composite Index (Canada) Comparison

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Methanex Corp
Glance View

Market Cap

4.6B CAD

Industry

Chemicals

In the shifting landscapes of global energy markets, Methanex Corporation stands as the world's largest producer and supplier of methanol. Headquartered in Vancouver, Canada, Methanex is an enterprise that bridges a complex supply chain, converting natural gas into methanol, a key component used in the manufacture of countless everyday products, from adhesives and paints to windshield washer fluids and refrigerants. The company navigates a tightly controlled operation, orchestrating its production across strategically located plants in North America, South America, Europe, and Asia. This geographical diversity offers a competitive edge, allowing Methanex to serve its global clientele efficiently while mitigating risks associated with regional disruptions. Methanex's revenue stream thrives on its ability to penetrate diverse markets with precision. Its business model capitalizes on both direct sales and long-term strategic partnerships, hence securing a constant demand for methanol. The firm's logistics arm plays an integral role in its economic success, ensuring a seamless distribution from production sites to end-users via chartered ocean tankers and an extensive network of terminals. By optimizing its operations with strategic fleet management and port terminals, Methanex not only maximizes supply chain efficiency but also leverages bulk pricing strategies to remain competitive. Despite facing the inherent volatility of commodity markets, Methanex fortifies its position through technological innovation and strategic risk management, thereby retaining its dominance in the global methanol industry.

View MX Analysis

MX Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

SA	Saudi Basic Industries Corporation SJSC SAU:2010	Add
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	Add
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	Add
US	Dow Inc NYSE:DOW	Add
UK	LyondellBasell Industries NV NYSE:LYB	Add
CN	Hengli Petrochemical Co Ltd SSE:600346	Add
US	Westlake Corp NYSE:WLK	Add
KR	LG Chem Ltd KRX:051910	Add
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	Add
JP	Toray Industries Inc TSE:3402	Add

SA	Saudi Basic Industries Corporation SJSC SAU:2010	Select
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	Select
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	Select
US	Dow Inc NYSE:DOW	Select
UK	LyondellBasell Industries NV NYSE:LYB	Select
CN	Hengli Petrochemical Co Ltd SSE:600346	Select
US	Westlake Corp NYSE:WLK	Select
KR	LG Chem Ltd KRX:051910	Select
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	Select
JP	Toray Industries Inc TSE:3402	Select

SA	Saudi Basic Industries Corporation SJSC SAU:2010	Add
ID	Chandra Asri Pacific PT Tbk OTC:PTPIF	Add
ID	Chandra Asri Petrochemical Tbk PT IDX:TPIA	Add
US	Dow Inc NYSE:DOW	Add
UK	LyondellBasell Industries NV NYSE:LYB	Add
CN	Hengli Petrochemical Co Ltd SSE:600346	Add
US	Westlake Corp NYSE:WLK	Add
KR	LG Chem Ltd KRX:051910	Add
CN	Rongsheng Petrochemical Co Ltd SZSE:002493	Add
JP	Toray Industries Inc TSE:3402	Add

US	G	GE Vernova LLC NYSE:GEV	Add
NL	N	Nepi Rockcastle NV JSE:NRP	Add
US		Schlumberger NV NYSE:SLB	Add
US	B	Baker Hughes Co NASDAQ:BKR	Add
ID		Amman Mineral Internasional Tbk PT IDX:AMMN	Add
US	R	Reddit Inc NYSE:RDDT	Add
CH	G	Galderma Group AG SIX:GALD	Add
US		Halliburton Co NYSE:HAL	Add
LU		Tenaris SA MIL:TEN	Add
IN		Jio Financial Services Ltd NSE:JIOFIN	Add

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MX

vs

S&P TSX Composite Index (Canada)

Stocks Performance
MX vs S&P TSX Composite Index (Canada)

Performance Gap
MX vs S&P TSX Composite Index (Canada)

Performance By Year
MX vs S&P TSX Composite Index (Canada)

Competitors Performance
Methanex Corp vs Peers

Methanex Corp
Glance View

Company

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MX vs S&P TSX Composite Index (Canada)

Stocks Performance MX vs S&P TSX Composite Index (Canada)

Performance Gap MX vs S&P TSX Composite Index (Canada)

Performance By Year MX vs S&P TSX Composite Index (Canada)

Competitors Performance Methanex Corp vs Peers

Methanex Corp Glance View

Company

Help

Tools

Stocks

MX

vs

S&P TSX Composite Index (Canada)

Stocks Performance
MX vs S&P TSX Composite Index (Canada)

Performance Gap
MX vs S&P TSX Composite Index (Canada)

Performance By Year
MX vs S&P TSX Composite Index (Canada)

Competitors Performance
Methanex Corp vs Peers

Methanex Corp
Glance View