Professional
Added to YB: 2024-06-07
Pitch date: 2024-05-31
MGA [bullish]
Magna International Inc.
+53.16%
current return
Author Info
No bio for this author
Company Info
Magna International Inc. operates as an automotive supplier in North America, Europe, the Asia Pacific, and internationally.
Market Cap
CAD 17.0B
Pitch Price
CAD 56.82
Price Target
71.00 (-18%)
Dividend
3.17%
EV/EBITDA
4.58
P/E
26.25
EV/Sales
0.53
Sector
Automobile Components
Category
growth
Magna Is One of the Largest Auto Suppliers in the World, Offering Many Products and Services
MGA: Magna International, one of the largest auto suppliers globally, lacks moat despite product breadth. Targets 2026 rev $48.8B-$51.2B (4% CAGR), 7.3% EBIT margin. Valuation of $71 reflects growth potential in ADAS & EV parts. Risks: Vehicle production declines, commodity costs, recalls, capital loss on startup contracts.
Read full article (8 min)