Last $63.23 USD
Change Today +1.00 / 1.61%
Volume 100.0
As of 8:10 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

linamar corp (LIMAF) Snapshot

Open
$63.23
Previous Close
$62.23
Day High
$63.23
Day Low
$63.23
52 Week High
02/17/15 - $63.41
52 Week Low
03/27/14 - $43.20
Market Cap
4.1B
Average Volume 10 Days
140.3
EPS TTM
--
Shares Outstanding
65.1M
EX-Date
03/31/15
P/E TM
--
Dividend
$0.40
Dividend Yield
0.61%
Current Stock Chart for LINAMAR CORP (LIMAF)

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linamar corp (LIMAF) Details

Linamar Corporation designs and manufactures precision metallic components and systems for the automotive, energy, and mobile industrial markets. The company operates in two segments, Powertrain/Driveline and Industrial. It provides engine systems, including cylinder head modules; short-block modules, including piston/connecting-rods/crankshafts; water, oil, and vacuum pump assemblies and systems; turbocharger assemblies; balance shaft modules; and common rail modules. The company also offers engine components, such as cylinder blocks and assemblies, cylinder heads and complete head assemblies, camshaft assemblies, crankshaft assemblies, connecting rods, intake manifolds, gears, flywheels, covers and housings, liners and pistons, injectors, and cases; and transmission/driveline systems, including shafts and shaft/shell assemblies, clutch modules and assemblies, transfer case assemblies, power take off units, housings and covers, differential assemblies, and planetary carrier assemblies. In addition, it provides transmission/driveline components, such as valve bodies, gears and pinions, torque converters, pumps, axles, transmission drive shafts, cases and housings, suspension knuckles and assemblies, and steering gear housings and assemblings; transmission/driveline gears, including straight, helical, bevel, and straight bevel gears for engine, transmission, and driveline automotive applications; and custom-welded hydraulic cylinders and fluid management systems, as well as lawnmowers. The company operates in North America, Europe, and the Asia Pacific. Linamar Corporation was founded in 1966 and is based in Guelph, Canada.

Founded in 1966

linamar corp (LIMAF) Top Compensated Officers

Chief Executive Officer and Non-Independent D...
Total Annual Compensation: C$576.7K
President and Chief Operating Officer
Total Annual Compensation: C$439.5K
Founder and Chairman
Total Annual Compensation: C$424.6K
Chief Financial Officer
Total Annual Compensation: C$288.9K
Group President of Linamar Manufacturing Amer...
Total Annual Compensation: C$270.0K
Compensation as of Fiscal Year 2013.

linamar corp (LIMAF) Key Developments

Linamar Corp. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Linamar Corp. announced earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced sales of $1,003.0 million compared to $926.1 million for the same period a year ago. Operating earnings was $101.1 million compared to $84.8 million for the same period a year ago. Net earnings were $71.8 million compared to $68.7 million for the same period a year ago. Net earnings per share were $1.11 compared to $1.06 for the same period a year ago. Operating earnings – adjusted were $101.1 million compared to $69.7 million for the same period a year ago. Net earnings – adjusted were $71.8 million compared to $55.0 million for the same period a year ago. Net earnings per share – adjusted were $1.11 compared to $0.85 for the same period a year ago. The fourth quarter of 2014 provided $197.8 million in cash from operating activities and created $124.6 million in free cash flow. CapEx in the quarter was $67 million or 6.7% of sales. For the full year, the company announced sales of $4,171.6 million compared to $3,595.5 million for the same period a year ago. Operating earnings was $447.4 million compared to $320.1 million for the same period a year ago. Net earnings were $320.6 million compared to $229.8 million for the same period a year ago. Net earnings per share were $4.95 compared to $3.55 for the same period a year ago. Operating earnings – adjusted were $447.4 million compared to $305.0 million for the same period a year ago. Net earnings – adjusted were $320.6 million compared to $216.1 million for the same period a year ago. Net earnings per share – adjusted were $4.95 compared to $3.34 for the same period a year ago. Return on capital employed reaches 23.4% continuing the company’s trend of solid improvements for the last fourteen quarters. Return on equity improves 11.0% from 2013 to reach 21.2% and positive cash flow reduces net debt by $170.6 million from 2013 to $243.1 million and total debt to capital continues to improve reaching 21.5%. CapEx was $264 million. The company provided earnings guidance for the year 2015. The company expects net margins for 2015 to remain in the range of 7.25% to 7.75%. The company expects 2015 CapEx to be back in normal range of 8% to 10%. The company expects effective tax rate for 2015 to be in the range of 25% to 26% due to the expected mix of foreign tax rates in 2015 that will be less favorable.

Linamar Corp. Declares Cash Dividend for the Quarter Ended December 31, 2014, Payable on or After April 16, 2015

The Board of Directors of Linamar Corp. declared an eligible dividend in respect to the quarter ended December 31, 2014 of CAD 0.10 per share on the common shares of the company, payable on or after April 16, 2015 to shareholders of record on April 2, 2015.

Linamar Invests HUF 5 Billion at its Oroshaza Plant in Hungary to Expand its Production Hall

Linamar has invested HUF 5 billion (USD 18.2 million, 3 February 2015) at its Oroshaza plant in Hungary to expand its production hall. The plant will use the additional capacity to manufacture auto components as well as agricultural machinery. The investment is expected to create 150 jobs in the region. Linamar expects to increase the headcount by another 500 by 2020.

 

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Industry Analysis

LIMAF

Industry Average

Valuation LIMAF Industry Range
Price/Earnings 15.0x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 14.9x
TEV/Sales 1.0x
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