Methanex: Top 10 Undervalued Mid Cap Stocks on TSX (MX)
Methanex is now ranked among the top 10 mid cap stocks on the Toronto Stock Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company. Valuation methodology provided by Stockcalc (see below). Mid caps total market capitalization (2-10B).
All data provided as-at market close June 08, 2023. The list is sorted by stocks with the greatest percentage difference between valuation and price. Methanex Methanex Corp is engaged in the production of chemicals. Its primary product is methanol, a commodity chemical that is used to make a range of industrial, consumer and energy products. Methanex is listed under MX on the Toronto Stock Exchange.
| Symbol | Name | Close Price | Shares Outstanding | P/E | P/B | Cash per Share | Net Cash per Share |
|---|---|---|---|---|---|---|---|
| EQX-T | Equinox Gold | 6.38 | 0 | 0 | 0 | 0 | 0 |
| TOY-T | Spin Master | 34.55 | 0 | 12.9 | 0 | 0 | 0 |
| LSPD-T | Lightspeed Commerce | 20.07 | 0 | 0 | 0 | 0 | 0 |
| GOOS-T | Canada Goose Hldgs | 21.92 | 0 | 31.8 | 0 | 0 | 0 |
| MX-T | Methanex | 57.86 | 0 | 10.5 | 0 | 0 | 0 |
| BNRE-T | Brookfield Reinsurance | 42.92 | 0 | 9.8 | 0 | 0 | 0 |
| TCN-T | Tricon Residential | 11.3 | 0 | 5.6 | 0 | 0 | 0 |
| RBA-T | RB Global | 73.76 | 0 | 56.3 | 0 | 0 | 0 |
| BEPC-T | Brookfield Renewable | 46.63 | 0 | 4.2 | 0 | 0 | 0 |
| TIXT-T | TELUS Intl | 20.9 | 0 | 26 | 0 | 0 | 0 |
More about Methanex
Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.
Artificial intelligence at Report on Business
Artificial Intelligence at Report on Business Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
