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Magna International Inc Class A MGA

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Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Magna Finishes 2020 With Strong Q4 Results, Provides Outlook to 2023; Maintaining $65 FVE

Richard Hilgert Senior Equity Analyst

Analyst Note

| Richard Hilgert |

No-moat Magna International reported fourth-quarter EPS before special items of $2.83, trouncing the $2.06 FactSet consensus EPS by $0.77 and up $1.42 from the $1.41 EPS reported a year ago. Revenue, which increased 12% year over year to $10.6 billion from $9.4 billion, also beat the FactSet top-line $10.2 billion consensus. The increase in revenue represented 6 percentage points of outperformance compared with global light-vehicle production weighted to Magna’s customer base.

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Company Profile

Business Description

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 contracted vehicle assembly. Roughly half of Magna's revenue comes from North America while Europe accounts for approximately 44%.

Contact
337 Magna Drive
Aurora, ON, L4G 7K1, Canada
T +1 905 726-2462
Sector Consumer Cyclical
Industry Auto Parts
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 157,000

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