Methanex Corp (MEOH) is undervalued and REX American Resources Corp (REX) is overvalued.
Against our estimates of intrinsic value, MEOH trades at the wider discount: a margin of safety of +25%, against -26% for REX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $77.08; the price of $57.81 is 25% below that value, and 81% of that value comes from beyond year five.
Leak Score 41/100 on 3 of 12 signals
Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $35.09; the price of $44.25 is 26% above that value, and 78% of that value comes from beyond year five.
Leak Score 65/100 on 8 of 12 signals
| Metric | MEOH | REX |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $57.81 | $44.25 |
| Intrinsic value | $77.08 | $35.09 |
| Margin of safety | +25% | -26% |
| Leak Score | 41/100 (3/12) | 65/100 (8/12) |
| Market cap | $4.5B | $1.5B |
| Revenue growth, 5 years | 6.3% | 11.7% |
| Operating margin | 17.4% | 15.2% |
| Net margin | 2.1% | 17.6% |
| Return on equity | 3.4% | 19.8% |
| Debt to equity | 1.22 | 0.03 |
| P/E | 50.9x | 12.1x |
| Forward P/E | 10.5x | — |
| P/B | 1.7x | 2.2x |
| Dividend yield | 1.3% | — |