Financials Magna International Inc.

Equities

MG

CA5592224011

Auto, Truck & Motorcycle Parts

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
67.15 ^CAD	+0.92%		+1.05%	-14.23%

Apr. 24	Serve Robotics Expands Accord With Magna International to Bolster Robot Manufacturing	MT
Apr. 24	Serve Robotics Inc. Enters Production Agreement with Magna International Inc. to Scale Robot Manufacturing	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	16,756	21,172	24,346	16,033	16,915	14,092	-	-
Enterprise Value (EV) ¹	18,648	22,006	25,391	18,308	22,819	18,792	18,184	17,308
P/E ratio	9.8 x	28.1 x	16.2 x	27.6 x	14 x	8.42 x	6.64 x	5.74 x
Yield	2.73%	2.3%	2.12%	3.21%	3.12%	3.85%	4.15%	4.46%
Capitalization / Revenue	0.42 x	0.65 x	0.67 x	0.42 x	0.4 x	0.32 x	0.3 x	0.29 x
EV / Revenue	0.47 x	0.67 x	0.7 x	0.48 x	0.53 x	0.42 x	0.39 x	0.36 x
EV / EBITDA	4.79 x	7.23 x	7.1 x	5.94 x	6.21 x	4.59 x	3.97 x	3.45 x
EV / FCF	7.4 x	10.3 x	16.2 x	44.2 x	-56.3 x	21.3 x	11.1 x	7.8 x
FCF Yield	13.5%	9.69%	6.18%	2.26%	-1.77%	4.71%	9.02%	12.8%
Price to Book	1.59 x	1.87 x	2.04 x	1.47 x	1.42 x	1.02 x	0.93 x	0.84 x
Nbr of stocks (in thousands)	305,908	299,264	300,753	285,819	286,439	287,280	-	-
Reference price ²	54.77	70.75	80.95	56.09	59.05	49.05	49.05	49.05
Announcement Date	2/21/20	2/19/21	2/11/22	2/10/23	2/9/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	39,431	32,647	36,242	37,840	42,797	44,490	46,444	48,432
EBITDA ¹	3,890	3,042	3,576	3,081	3,674	4,093	4,576	5,015
EBIT ¹	2,545	1,676	2,064	1,662	2,238	2,489	2,939	3,263
Operating Margin	6.45%	5.13%	5.7%	4.39%	5.23%	5.59%	6.33%	6.74%
Earnings before Tax (EBT) ¹	2,223	1,006	1,948	878	1,606	2,255	2,750	3,300
Net income ¹	1,765	757	1,514	592	1,213	1,661	2,074	2,346
Net margin	4.48%	2.32%	4.18%	1.56%	2.83%	3.73%	4.46%	4.84%
EPS ²	5.590	2.520	5.000	2.030	4.230	5.827	7.385	8.545
Free Cash Flow ¹	2,519	2,133	1,568	414	-405	884.3	1,640	2,220
FCF margin	6.39%	6.53%	4.33%	1.09%	-0.95%	1.99%	3.53%	4.58%
FCF Conversion (EBITDA)	64.76%	70.12%	43.85%	13.44%	-	21.6%	35.84%	44.27%
FCF Conversion (Net income)	142.72%	281.77%	103.57%	69.93%	-	53.24%	79.09%	94.62%
Dividend per Share ²	1.495	1.630	1.720	1.800	1.840	1.888	2.034	2.186
Announcement Date	2/21/20	2/19/21	2/11/22	2/10/23	2/9/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2020 S2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	19,697	7,919	9,110	9,642	9,362	9,268	9,568	10,673	10,982	10,688	10,454	10,980	11,374	11,109	11,027	11,221
EBITDA ¹	-	614	897	876	718	782	705	802	969	973	930	939.8	1,046	1,044	1,080	1,147
EBIT ¹	-	229	508	507	358	441	356	437	603	615	558	538.8	647	653.6	663.5	600.4
Operating Margin	-	2.89%	5.58%	5.26%	3.82%	4.76%	3.72%	4.09%	5.49%	5.75%	5.34%	4.91%	5.69%	5.88%	6.02%	5.35%
Earnings before Tax (EBT) ¹	-	27	576	420	-88	400	146	275	483	538	310	484.2	586.5	574.4	600.7	-
Net income ¹	-	11	464	364	-156	289	95	209	339	394	271	313.1	446.5	454.2	439	409.1
Net margin	-	0.14%	5.09%	3.78%	-1.67%	3.12%	0.99%	1.96%	3.09%	3.69%	2.59%	2.85%	3.93%	4.09%	3.98%	3.65%
EPS ²	-	0.0400	1.540	1.220	-0.5400	1.000	0.3300	0.7300	1.180	1.370	0.9400	1.144	1.554	1.585	1.542	1.428
Dividend per Share ²	-	0.4300	0.4300	0.4500	0.4500	0.4500	0.4600	0.4600	0.4600	0.4600	0.4600	0.4710	0.4710	0.4710	0.4710	0.4750
Announcement Date	2/19/21	11/5/21	2/11/22	4/29/22	7/29/22	11/4/22	2/10/23	5/5/23	8/4/23	11/3/23	2/9/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,892	834	1,045	2,275	5,904	4,701	4,093	3,216
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.4864 x	0.2742 x	0.2922 x	0.7384 x	1.607 x	1.148 x	0.8943 x	0.6414 x
Free Cash Flow ¹	2,519	2,133	1,568	414	-405	884	1,640	2,220
ROE (net income / shareholders' equity)	17.8%	6.82%	13.4%	10.5%	13.8%	13.4%	14.8%	15.5%
ROA (Net income/ Total Assets)	6.82%	2.78%	5.38%	4.2%	5.24%	5.26%	6.53%	8.1%
Assets ¹	25,868	27,198	28,120	14,088	23,166	31,607	31,780	28,968
Book Value Per Share ²	34.40	37.80	39.70	38.20	41.50	47.90	52.70	58.70
Cash Flow per Share ²	12.50	10.90	9.710	7.190	5.510	11.50	13.30	16.50
Capex ¹	1,441	1,145	1,372	1,681	2,500	2,499	2,253	2,040
Capex / Sales	3.65%	3.51%	3.79%	4.44%	5.84%	5.62%	4.85%	4.21%
Announcement Date	2/21/20	2/19/21	2/11/22	2/10/23	2/9/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Magna International Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

49.05 USD

Average target price

63.97 USD

Spread / Average Target

+30.42%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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