Added to YB: 2024-07-30
Pitch date: 2024-06-30
MGA [bullish]
Magna International Inc.
+32.37%
current return
Author Info
No bio for this author
Company Info
Magna International Inc. manufactures and supplies vehicle engineering, contract, and automotive space.
Market Cap
CAD 14.8B
Pitch Price
CAD 39.87
Price Target
N/A
Dividend
3.70%
EV/EBITDA
4.64
P/E
14.36
EV/Sales
0.51
Sector
Automobile Components
Category
turnaround
Aristotle Capital International Equity Portfolio Holding: Magna International Inc.
MGA: Auto parts giant lowered 2024 sales guidance due to EV slowdown & Fisker Ocean halt. Long-term catalysts: margin enhancement, electrification & autonomous capabilities, lightweighting expertise. Well-positioned for content-per-vehicle growth & complex parts demand. Leading market share in core products. Risks: EV adoption pace, automaker rollout delays.
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