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Magna International Inc MG Stock Quote

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Morningstar‘s Stock Analysis MG

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Is it the right time to buy or sell?

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Economic Moat

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Capital Allocation

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Magna International Is a Well-Diversified Auto Parts Supplier With an Entrepreneurial Culture

Richard Hilgert Senior Equity Analyst

Business Strategy and Outlook

| Richard Hilgert |

Magna International is one of the largest, most diversified auto parts suppliers in the world. However, large and diversified is no guarantee of better returns 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 returns on invested capital.

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Company Profile MG

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 46% of Magna's revenue comes from North America while Europe accounts for approximately 43%.

Contact
337 Magna Drive
Aurora, ON, L4G 7K1, Canada
T +1 905 726-2462
Industry Auto Parts
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2021
Employees 161,000