FMP
Jul 1, 2022 9:50 AM - Davit Kirakosyan
RBC Capital analysts lowered their price target on Methanex Corporation (NASDAQ:MEOH) to $60 from $65 given the higher risk of a recession potentially leading to lower methanol prices. However, the analysts maintained their outperform rating reflecting expected strong free cash flow generation, supporting a robust pace of share buybacks.
Methanol prices in China have trended lower recently due to healthy inventory levels and weak sentiment, but IHS Markit expects the start-up of a new MTO facility in China should increase demand and support higher prices in the second half of the year.
The analysts revised their 2022 and 2023 Adjusted EBITDA estimates to $1.108 billion and $1.064 billion, respectively (from $1.154 billion and $1.076 billion, respectively).
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...