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Magna International Inc MGA

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Stock XNYS Rating as of
$47.85 +0.01 (0.02%)
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As of Delayed Price Closed
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Company Report

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Magna Is One of the Largest Auto Suppliers in the World

David Whiston

Magna International is one of the largest, most diversified auto parts suppliers in the world. However, large and diversified is no guarantee of economic profits for investors. While breadth in product and services can be advantageous with regard to cross-selling--commercial activities that bolster content per vehicle and market penetration--we see only limited evidence that Magna's diversified strategy has benefited investors in the form of higher margins and ROIC.

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Price vs Fair Value

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MGA is trading at a 33% discount.
Price
$47.84
Fair Value
$11.00
Uncertainty
High
1-Star Price
$344.88
5-Star Price
$63.10
Economic Moat
Bvqx
Capital Allocation
Cdqtnyqcx

Bulls Say, Bears Say

Bulls

High switching costs and significant barriers to entry enable sticky market shares for auto suppliers.

Bears

Magna relies heavily on a handful of automakers with its top six customers accounting for 76% of total 2023 revenue.

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News

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Trading Information

Previous Close Price
$47.84
Day Range
$47.42–48.26
52-Week Range
$46.71–65.27
Bid/Ask
$46.73 / $49.00
Market Cap
$13.75 Bil
Volume/Avg
1.9 Mil / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
9.03
Price/Sales
0.33
Dividend Yield (Trailing)
3.88%
Dividend Yield (Forward)
3.97%
Total Yield
3.97%

Company Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's $42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%.
Sector
Consumer Cyclical
Industry
Auto Parts
Stock Style Box
Large Core
Total Number of Employees
179,000
Website
https://www.magna.com

Competitors

Valuation

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Metric
MGA
BWA
GNTX
Price/Earnings (Normalized)
 9.037.4318.25
Price/Book Value
 1.181.273.36
Price/Sales
 0.330.533.36
Price/Cash Flow
 4.775.0514.04
Price/Earnings
MGA
BWA
GNTX

Financial Strength

Metric
MGA
BWA
GNTX
Quick Ratio
 0.691.242.07
Current Ratio
 1.061.653.67
Interest Coverage
 7.2814.10—
Quick Ratio
MGA
BWA
GNTX

Profitability

Metric
MGA
BWA
GNTX
Return on Assets (Normalized)
 5.10%5.84%18.80%
Return on Equity (Normalized)
 13.89%13.81%21.28%
Return on Invested Capital (Normalized)
 9.21%8.58%21.28%
Return on Assets
MGA
BWA
GNTX
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