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Magna International Inc
TSX:MG

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Magna International Inc Logo
Magna International Inc
TSX:MG
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Price: 73.79 CAD -0.27% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. [ Read More ]

The intrinsic value of one MG stock under the Base Case scenario is 147.44 CAD. Compared to the current market price of 73.79 CAD, Magna International Inc is Undervalued by 50%.

Key Points:
MG Intrinsic Value
Base Case
147.44 CAD
Undervaluation 50%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Magna International Inc

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Fundamental Analysis

Magna International Reports Strong 2023 Results
2023-Q4 Earnings Call

Magna International Reports Strong 2023 Results

In 2023, Magna International achieved record sales of $42.8 billion, marking an 11% organic sales growth, outperforming market growth by 2%. The fourth quarter saw sales up by 9% to $10.5 billion, despite union strikes impacting production. Adjusted EBIT soared to $558 million, with EBIT margin reaching 5.3%, driven by operational excellence and cost initiatives. Adjusted EPS increased by 29% year-over-year to $5.49. The firm won $12 billion in new business and continued innovation, including securing contracts for advanced camera modules and e-Drive systems.

Financials

Balance Sheet Decomposition
Magna International Inc

Current Assets 14B
Cash & Short-Term Investments 1.2B
Receivables 7.9B
Other Current Assets 5B
Non-Current Assets 18.2B
Long-Term Investments 1.2B
PP&E 11.4B
Intangibles 3.6B
Other Non-Current Assets 2B
Current Liabilities 13.2B
Accounts Payable 7.8B
Accrued Liabilities 3.9B
Short-Term Debt 511m
Other Current Liabilities 957m
Non-Current Liabilities 7.1B
Long-Term Debt 4.2B
Other Non-Current Liabilities 3B
Efficiency

Earnings Waterfall
Magna International Inc

Revenue
42.8B USD
Cost of Revenue
-37.2B USD
Gross Profit
5.6B USD
Operating Expenses
-3.6B USD
Operating Income
2B USD
Other Expenses
-825m USD
Net Income
1.2B USD

Free Cash Flow Analysis
Magna International Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

MG Profitability Score
Profitability Due Diligence

Magna International Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Positive 3-Years Revenue Growth
Positive Free Cash Flow
Positive Revenue Growth Forecast
ROE is Increasing
50/100
Profitability
Score

Magna International Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

MG Solvency Score
Solvency Due Diligence

Magna International Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Average Altman Z-Score
Short-Term Solvency
50/100
Solvency
Score

Magna International Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MG Price Targets Summary
Magna International Inc

Wall Street analysts forecast MG stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MG is 65.54 CAD with a low forecast of 54.54 CAD and a high forecast of 80.85 CAD.

Lowest
Price Target
54.54 CAD
26% Downside
Average
Price Target
65.54 CAD
11% Downside
Highest
Price Target
80.85 CAD
10% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

MG Price
Magna International Inc

1M 1M
-1%
6M 6M
+1%
1Y 1Y
+6%
3Y 3Y
-28%
5Y 5Y
+28%
10Y 10Y
+78%
Annual Price Range
73.79
52w Low
65.59
52w High
85.03
Price Metrics
Average Annual Return 10%
Standard Deviation of Annual Returns 24.71%
Max Drawdown -52%
Shares Statistics
Market Capitalization 21.1B CAD
Shares Outstanding 286 361 420
Percentage of Shares Shorted 1.27%

MG Return Decomposition
Main factors of price return

What is price return decomposition?

MG News

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Last Important Events
Magna International Inc

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Sentiment Analysis
Magna International Inc

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Last 7 Days 7D
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Company Profile

Magna International Inc Logo
Magna International Inc

Country

Canada

Industry

Auto Components

Market Cap

21.1B CAD

Dividend Yield

3.47%

Description

Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. The company is headquartered in Aurora, Ontario and currently employs 158,000 full-time employees. The firm's segments include Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicles. The firm is a global automotive supplier that has vehicle engineering and contract manufacturing operations, as well as product capabilities, which includes body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. The company also has electronic and software capabilities. Its products include body structures, chassis structures, trim and engineered glass, active aerodynamics, energy storage systems, electrified powertrain technologies, conventional powertrain technologies, powertrain subsystems and components, complete vehicle engineering, and foam and trim, among others. Its global network includes approximately 347 manufacturing operations and 87 product development, engineering and sales centers spanning across 28 countries.

Contact

ONTARIO
Aurora
337 Magna Drive
+19057262462.0
https://www.magna.com/

IPO

1984-08-24

Employees

158 000

Officers

CEO & Director
Mr. Seetarama Swamy Kotagiri M.Sc.
Executive VP & CFO
Mr. Patrick W. D. McCann
Executive VP and Chief Sales & Marketing Officer
Mr. Eric Jon Wilds
Executive VP and Chief Digital & Information Officer
Mr. Boris Shulkin
Vice President of Investor Relations
Mr. Louis Tonelli
Executive VP & Chief Legal Officer
Mr. Bruce R. Cluney
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Chief Compliance Officer
Joanne N. Horibe
Vice President of Corporate Communications & PR
Ms. Tracy Fuerst
Executive VP & Chief Human Resources Officer
Mr. Aaron David McCarthy
Senior Vice President-Electronics
Sharath Reddy
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See Also

Discover More
What is the Intrinsic Value of one MG stock?

The intrinsic value of one MG stock under the Base Case scenario is 147.44 CAD.

Is MG stock undervalued or overvalued?

Compared to the current market price of 73.79 CAD, Magna International Inc is Undervalued by 50%.