Last $1,487 MXN
Change Today 0.00 / 0.00%
Volume 0.0
MGAN On Other Exchanges
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As of 4:09 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

magna international inc (MGAN) Snapshot

Open
$1,487
Previous Close
$1,487
Day High
$1,487
Day Low
$1,487
52 Week High
08/25/14 - $1,488
52 Week Low
12/4/13 - $1,004
Market Cap
316.2B
Average Volume 10 Days
26.1
EPS TTM
--
Shares Outstanding
212.6M
EX-Date
08/27/14
P/E TM
--
Dividend
$1.52
Dividend Yield
1.28%
Current Stock Chart for MAGNA INTERNATIONAL INC (MGAN)

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magna international inc (MGAN) 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: 08/14/14
Founded in 1957

magna international inc (MGAN) 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 (MGAN) Key Developments

Magna International Seeks Acquisitions Worth $4 Billion

Magna International Inc. (TSX:MG) is considering purchases of as much as $4 billion as it distances itself from debt-averse founder Frank Stronach. Chief Executive Officer of Magna International, Don Walker, said that Magna, which hasn’t done an acquisition of more than $500 million in a decade, is more willing to take on debt to finance transformative acquisitions than it was when Stronach was still involved with the company. Don Walker added While Magna would use cash for a small acquisition, it could also take on debt or issue equity if the target was “huge,”. “We have complete flexibility,”. “We have good discussions at the board.” Frank Stronach declined to comment, spokeswoman Michelle Abbott said. Magna rose to a record CAD 124.14 in Toronto and was up 1% to CAD 123.85 at 10:49 a.m.

Magna International Inc. Declares Quarterly Dividend for the Quarter Ended June 30, 2014, Payable on September 12, 2014

Magna International Inc. Board of Directors declared a quarterly dividend of $0.38 with respect to outstanding Common Shares for the quarter ended June 30, 2014. This dividend is payable on September 12, 2014 to shareholders of record on August 29, 2014.

Magna International Inc. Reports Unaudited Consolidated Financial and Production Results for the Second Quarter and Half Year Ended June 30, 2014; Provides Financial and Production Guidance for the Year 2014

Magna International Inc. reported unaudited consolidated financial and production results for the second quarter and half year ended June 30, 2014. For the quarter, sales were $9,464 million against $8,962 million a year ago. Income from operations before income taxes was $692 million against $543 million a year ago. Net income attributable to the company was $510 million or $2.32 per diluted share against $415 million or $1.78 per diluted share a year ago. Cash provided from operating activities was $600 million against $692 million a year ago. Fixed asset additions were $384 million against $232 million a year ago. Adjusted EBIT was $710 million against $547 million a year ago. For the half year, sales were $18,425 million against $17,323 million a year ago. Income from operations before income taxes was $1,273 million against $1,000 million a year ago. Net income attributable to the company was $903 million or $4.08 per diluted share against $784 million or $3.35 per diluted share a year ago. Cash provided from operating activities was $1,074 million against $843 million a year ago. Fixed asset additions were $601 million against $426 million a year ago. Adjusted EBIT was $1,315 million against $1,014 million a year ago. For the quarter, vehicle production volumes in North America were 4.402 million units against 4.260 million units a year ago. Vehicle production volumes in Europe were 5.272 million units against 5.155 million units a year ago. For the half year, vehicle production volumes in North America were 8.600 million units against 8.275 million units a year ago. Vehicle production volumes in Europe were 10.493 million units against 9.916 million units a year ago. For the year 2014, the company expects light vehicle production in North America of 16.9 million units and in Europe of 19.8 million units, total production sales of $29.8 - $31.1 billion, total sales of $35.6 - $37.3 billion, operating margin of high 6% range, tax rate of approximately 24.5% and capital spending of approximately $1.4 billion. Consolidated operating margin percentage to be in the high 6% range, up from the mid- to high-6% range in the previous outlook.

 

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MGAN Competitors

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Industry Analysis

MGAN

Industry Average

Valuation MGAN Industry Range
Price/Earnings 15.1x
Price/Sales 0.7x
Price/Book 2.5x
Price/Cash Flow 9.0x
TEV/Sales 0.6x
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