Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 27, 2026
METHANEX CORP (MEOH)
A forensic read on METHANEX CORP built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Clean
Earnings quality
4
Forensic signals
-1.8%
ROE
$3.7B
Market cap
1.45%
Dividend yield
METHANEX CORP earns a C (Mixed — selective) forensic quality grade. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+42.8%Accruals ratio. Net operating assets grew +42.8% relative to their average in FY2025 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran behind operating cash by -46% of net operating assets.
78dInventory days. Days inventory outstanding moved from 62 to 78 FY2024→FY2025 (against cost of goods sold; inventory +9% vs -14% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
13%Return on invested capital. Return on invested capital is 13% and slipping from 31% — around its ~9% cost of capital, so growth is roughly value-neutral — watch the trend.
-67%Dividend — cut. The payout was CUT ~67% in FY2020 (from FY2019). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin4.0%
Latest Revenue$3.59B
Return on Equity5.3%
Revenue Growth YoY-3.5%
Go deeper — free with an account
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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.