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Last C$65.55 CAD
Change Today +0.45 / 0.69%
Volume 755.3K
As of 12:23 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

magna international inc (MG) Snapshot

Open
C$65.19
Previous Close
C$65.10
Day High
C$65.64
Day Low
C$64.57
52 Week High
07/16/15 - C$75.00
52 Week Low
10/15/14 - C$46.45
Market Cap
26.8B
Average Volume 10 Days
1.9M
EPS TTM
C$4.68
Shares Outstanding
411.0M
EX-Date
08/26/15
P/E TM
10.6x
Dividend
C$0.89
Dividend Yield
1.62%
Current Stock Chart for MAGNA INTERNATIONAL INC (MG)

magna international inc (MG) Related Businessweek News

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magna international inc (MG) Details

Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments. The company offers body and chassis systems, and related engineering services; seating systems, including complete seating systems, seat structures and mechanisms, and foam and trim products; interior components and systems, such as garnish and hard trim, soft trim, instrument panels and consoles, overhead systems, and door panels, as well as powertrain systems, such as driveline systems, fluid pressure and controls, metal forming solutions, and engineering services and system integration solutions. It also provides vision systems comprising interior and exterior mirrors, actuators, and electronic vision systems; and closure systems comprising door modules, power closure systems, engineered glass products, window systems, latching systems, lighting systems, sealing systems, electronic features, handle assemblies, and hinges and rods. In addition, the company provides electronic systems, including driver assistance systems and electronic components; exterior systems, such as bumper fascia systems, exterior trim, modular systems, class a body panels, and structural components; and roof systems, including sliding folding and modular roofs, retractable hard tops, and soft tops. Further, it offers vehicle engineering and contract vehicle assembly services; fuel systems; engineering support services; and tooling and other products. The company was founded in 1957 and is headquartered in Aurora, Canada.

136,000 Employees
Last Reported Date: 08/7/15
Founded in 1957

magna international inc (MG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $325.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $325.0K
President of Magna Europe and President Magna...
Total Annual Compensation: $242.0K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $325.0K
Chief Operating Officer of Exteriors, Interio...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2014.

magna international inc (MG) Key Developments

Magna International Seeks Acquisitions

Vince Galifi, Vice President-Investor Relations of Magna International Inc. (TSX:MG) said, "However, given our current financial position, we plan to reduce our cash balances and are targeting an adjusted debt to adjusted EBITDA ratio of 1 to 1.5 times by the end of 2015, and we're expecting to get there through a combination of investments in the business, both organic and acquisitions, dividends, and to the extent we have excess cash, through share repurchases."

Magna International Inc. Reports Unaudited Consolidated Financial and Production Results for the Second Quarter and Half Year Ended June 30, 2015; Provides Earnings and Production Guidance for the Year 2015

Magna International Inc. reported unaudited consolidated financial and production results for the second quarter and half year ended June 30, 2015. For the quarter, sales were $8,133 million against $8,911 million a year ago. The weakening of certain currencies against its U.S. dollar reporting currency, in particular the euro and Canadian dollar, had a significant negative impact on its reported sales for the second quarter of 2015. Income from operations before income taxes was $726 million against $704 million a year ago. Net income attributable to the company was $483 million or $1.16 per diluted share against $510 million or $1.16 per diluted share a year ago. Net income from continuing operations was $535 million or $1.29 per diluted share against $519 million or $1.18 per diluted share a year ago. Cash provided from operating activities was $440 million against $610 million a year ago. Fixed asset additions were $361 million against $362 million a year ago. Adjusted EBIT was $677 million against $722 million a year ago. The company effective tax rate was 26.3% compared to 26% in the second quarter of 2014. This was primarily the result of a change in mix of earnings, whereby proportionally more income was earned in jurisdictions of higher income tax rate. Cash provided from operating activities was $440 million against $610 million a year ago. Fixed asset additions were $361 million against $362 million a year ago. Adjusted EBIT was $677 million against $722 million a year ago. For the half year, sales were $15,905 million against $17,366 million a year ago. Income from operations before income taxes was $1,347 million against $1,298 million a year ago. Net income attributable to the company was $948 million or $2.28 per diluted share against $903 million or $2.04 per diluted share a year ago. Net income from continuing operations was $989 million or $2.39 per diluted share against $920 million or $2.08 per diluted share a year ago. Cash provided from operating activities was $720 million against $1,102 million a year ago. Fixed asset additions were $627 million against $565 million a year ago. Adjusted EBIT was $1,308 million against $1,340 million a year ago. For the quarter, vehicle production volumes in North America were 4.546 million units against 4.412 million units a year ago. Vehicle production volumes in Europe were 5.347 million units against 5.325 million units a year ago. For the half year, vehicle production volumes in North America were 8.656 million units against 8.530 million units a year ago. Vehicle production volumes in Europe were 10.574 million units against 10.444 million units a year ago. For the year 2015, the company expects light vehicle production in North America of 17.4 million units and in Europe of 20.3 million units, total production sales of $26.2 to $27.5 billion, total sales of $30.9 to $32.6 billion, operating margin of approximately 8%, tax rate of approximately 26% and fixed asset spending to be in the $1.2 billion to $1.5 billion range. The company is expecting adjusted margin to be approximately 8%. The company expects to be within capital structure at the end of 2015. Capital spending to be in the $1.3 billion to $1.5 billion range for 2015.

Magna International Inc. Declares Dividend for the Quarter Ended June 30, 2015, Payable on September 11, 2015

The Board of Directors of Magna International Inc. declared a quarterly dividend of $0.22 with respect to outstanding Common Shares for the quarter ended June 30, 2015. This dividend is payable on September 11, 2015 to shareholders of record on August 28, 2015.

 

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Industry Analysis

MG

Industry Average

Valuation MG Industry Range
Price/Earnings 10.6x
Price/Sales 0.6x
Price/Book 2.2x
Price/Cash Flow 7.3x
TEV/Sales 0.5x
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