Last $65.17 USD
Change Today -0.61 / -0.93%
Volume 906.9K
MGA On Other Exchanges
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As of 8:04 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

magna international inc (MGA) Snapshot

Open
$65.18
Previous Close
$65.78
Day High
$65.62
Day Low
$64.76
52 Week High
05/22/13 - $66.71
52 Week Low
06/4/12 - $36.54
Market Cap
15.2B
Average Volume 10 Days
881.1K
EPS TTM
$5.87
Shares Outstanding
232.9M
EX-Date
05/29/13
P/E TM
11.1x
Dividend
$1.28
Dividend Yield
1.76%
Current Stock Chart for MAGNA INTERNATIONAL INC (MGA)

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magna international inc (MGA) Details

Magna International Inc. designs, develops, manufactures, and engineers automotive systems and components to original equipment manufacturers primarily in North America, Europe, and internationally. Its products include automotive interior systems, including sidewall and trim, cargo management, cockpit, and overhead systems; seating systems, such as complete seating systems, seat structures and mechanisms, and foam and trip products; and closure systems comprising door modules, power closure systems, window systems, latching systems, driver controls, electronic features, lighting systems, sealing systems, engineered glass, and handle assemblies. The company also offers body and chassis systems, which include body and chassis systems, engineering and tooling, and renewable energy structures; vision systems that comprise interior and exterior mirrors, actuators, and electronic vision systems; and electronic systems, such as driver assistance and safety systems, engine electronics and sensors, body systems and human-machine interfaces, intelligent power systems, hybrid and electric vehicle components/systems, and industrial products. In addition, it provides exterior systems, including front and rear fascia systems, class A composite panels, structural components, sealing systems, modular systems, under hood and underbody components, exterior trims, and sheet molding compound materials. Further the company offers powertrain systems, such as driveline and fluid pressure systems, and metal-forming solutions; and engineering services and system integration. Additionally, it provides roof systems comprising retractable hard and soft tops, and sliding folding and modular roofs, as well as vehicle engineering and assembly, and contract manufacturing services. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

121,000 Employees
Last Reported Date: 05/10/13
Founded in 1957

magna international inc (MGA) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $325.0K
Founder and Consultant
Total Annual Compensation: --
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $325.0K
Chief Marketing Officer and President of Magn...
Total Annual Compensation: $325.0K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2012.

magna international inc (MGA) Key Developments

Magna International Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Revises Earnings Guidance for the Year 2013

Magna International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income attributable to company of $369 million or $1.57 per diluted share on sales of $8,361 million compared to net income attributable to company of $343 million or $1.46 per diluted share on sales of $7,666 million reported a year ago. Income from operations before income taxes was $457 million compared to $439 million reported a year ago. Cash provided from operating activities was $151 million compared to $229 million reported a year ago. Fixed asset additions was $194 million compared to $250 million reported a year ago. Adjusted EBIT was $467 million compared to $444 million reported a year ago. The company generated operating cash flow of $607 million in the first quarter of 2013. That's up 14% from the first quarter of 2012. For the year 2013, the company expects operating margin of mid to high 5% range, tax rate of approximately 24%, capital spending of approximately $1.4 billion, and total production sales between $27.2 billion to $28.2 billion. Total sales are now expected to be in the range of $32.6 billion to $34 billion for 2013, and that's up from previous outlook. This compares to $30.8 billion in 2012.

Magna International Inc. Declares Quarterly Dividend Payable on June 17, 2013

Magna International Inc.'s Board of Directors declared a quarterly dividend of $0.32 with respect to outstanding common shares for the quarter ended March 31, 2013. This dividend is payable on June 17, 2013 to shareholders of record on May 31, 2013.

Magna International Inc. Plans to Slash Jobs in Both the US and Europe

Magna International Inc. announced that it will slash jobs in both the US and Europe. The move aims at lowering costs and compensating for feeble demand in Europe. The company needs new orders for its plant in Austria's Styria and wants to facilitate getting those orders by reducing costs.

 

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Industry Analysis

MGA

Industry Average

Valuation MGA Industry Range
Price/Earnings 10.5x
Price/Sales 0.5x
Price/Book 1.6x
Price/Cash Flow 6.5x
TEV/Sales 0.4x
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