Last $107.21 USD
Change Today +0.38 / 0.36%
Volume 33.4K
MGA On Other Exchanges
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As of 9:35 AM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

magna international inc (MGA) Snapshot

Open
$107.50
Previous Close
$106.83
Day High
$108.20
Day Low
$107.21
52 Week High
08/27/14 - $114.48
52 Week Low
12/12/13 - $75.76
Market Cap
22.3B
Average Volume 10 Days
460.4K
EPS TTM
$8.77
Shares Outstanding
208.4M
EX-Date
11/25/14
P/E TM
12.2x
Dividend
$1.52
Dividend Yield
1.42%
Current Stock Chart for MAGNA INTERNATIONAL INC (MGA)

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magna international inc (MGA) 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, chassis, and renewable energy systems; powertrain systems, such as driveline systems, fluid pressure and controls, metal-forming solutions, and engineering services and system integration solutions; and exterior systems consisting of front and rear end fascia systems, exterior trims, modular systems, class A composite panels, structural components under hood and underbody components, and sheet molding compound materials. It also provides seating systems, including complete seating systems, mechanism and hardware solutions, specialty mechanism solutions, and seat structures, as well as foam and trim products; interior systems, such as sidewall and trim, cockpit, cargo management, and overhead systems; fuel, battery, and roof systems; and vision systems comprising interior and exterior mirrors, actuators, electronic vision systems, and door handle and overhead console systems. In addition, the company offers closure systems comprising door modules, window systems, power closure systems, latching systems, handle assemblies, driver controls, obstacle detection systems, engineering glasses, and sealing systems, as well as testing services for window regulators, wiper systems, door modules, cables, door latches, and closures. Further, it provides electronic systems, including eyeris - driver assistance systems, intelligent power systems, body electronics and HMI, engine electronics and liquid sensors, as well as industrial products, such as joysticks and electronic units for fork lifts; and vehicle engineering and contract manufacturing services. The company was founded in 1957 and is headquartered in Aurora, Canada.

130,000 Employees
Last Reported Date: 11/5/14
Founded in 1957

magna international inc (MGA) 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
Chief Marketing Officer and President of Magn...
Total Annual Compensation: $325.0K
President of Magna Europe
Total Annual Compensation: $275.6K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2013.

magna international inc (MGA) Key Developments

Magna International Inc. Launches Next-Generation EYERIS System

Magna International Inc. announced that the company is taking driver assistance to a new level with the launch of its EYERIS Gen 2.5 vision system. The new EYERIS Gen 2.5 system has entered the market on the 2014 Cadillac ATS and Dongfeng Honda Spirior. EYERIS Gen 2.5 builds on the innovative technology featured in the previous EYERIS platform, which included Lane Departure Warning, Traffic Sign Recognition and Forward Collision Warning. Gen 2.5 adds new features such as Lane Keeping Assistance, Glare-Free High Beam, and Collision Mitigation, as well as increased memory and processing power.

Magna International Inc. Declares Quarterly Dividend for the Quarter Ended September 30, 2014, Payable on December 12, 2014; Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year of 2014

Magna International Inc. announced that its board of directors declared a quarterly dividend of $0.38 with respect to the company’s outstanding common shares for the quarter ended September 30, 2014. This dividend is payable on December 12, 2014 to shareholders of record on November 28, 2014. The company announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of $8,820 million against $8,338 million a year ago. Income from operations before income taxes was $589 million against $391 million a year ago. Net income attributable to the company was $470 million or $2.19 per diluted share against $319 million or $1.39 per diluted share a year ago. Cash provided from operating activities was $719 million against $464 million a year ago. Fixed asset additions were $315 million against $280 million a year ago. Adjusted EBIT was $605 million compared to $444 million a year ago. The increase in income from operations before income taxes is the result of the increase in Adjusted EBIT partially offset by the increase in net interest expense. For the nine months, the company reported sales of $27,245 million against $25,661 million a year ago. Income from operations before income taxes was $1,862 million against $1,391 million a year ago. Net income attributable to the company was $1,373 million or $6.26 per diluted share against $1,103 million or $4.74 per diluted share a year ago. Cash provided from operating activities was $1,793 million against $1,317 million a year ago. Fixed asset additions were $916 million against $706 million a year ago. Adjusted EBIT was $1,920 million compared to $1,458 million a year ago. This higher sales level reflected increases in North American, European and Asian production sales, complete vehicle assembly sales and tooling, engineering and other sales partially offset by a decrease in Rest of World production sales, in each case relative to the first nine months of 2013. For the year 2014, the company expects total production sales to be between $29.8 billion to $30.7 billion. Total sales is expected to be $35.8 billion to $37.0 billion. The company expects operating margin to be approximately 6.9%. The company expects effective tax rate to be approximately 24.5%. The company expects capital spending to be approximately $1.4 billion.

Magna International Inc. Announces Opening of Exteriors Facility in Michigan

Magna International Inc. announced the opening of DexSys, a new greenfield facility in Delta Township, Michigan, which features 290,000-square-foot, injection molding and robotic paint line facility that will produce front and rear fascias for several vehicles within the General Motors line-up, including the Cadillac ATS, GMC Acadia and Buick Enclave.

 

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Industry Analysis

MGA

Industry Average

Valuation MGA Industry Range
Price/Earnings 12.8x
Price/Sales 0.6x
Price/Book 2.5x
Price/Cash Flow 7.9x
TEV/Sales 0.5x
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