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Magna International (MGA)

(Delayed Data from NYSE)

$43.64 USD

43.64
2,802,391

-1.66 (-3.66%)

Updated Jul 19, 2024 04:00 PM ET

After-Market: $43.65 +0.01 (0.02%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth C Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 18% (206 out of 250)

Industry: Automotive - Original Equipment

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Balance Sheet

Research for MGA

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Magna International Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,198 1,234 2,948 3,268 1,276
Receivables 7,881 6,791 6,307 6,394 5,927
Notes Receivable 0 0 0 0 0
Inventories 4,606 4,180 3,969 3,444 3,304
Other Current Assets 352 320 278 260 238
Total Current Assets 14,037 12,525 13,502 13,366 10,745
Net Property & Equipment 9,618 8,173 8,293 8,475 8,260
Investments & Advances 1,273 1,429 1,593 947 1,210
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 621 491 421 372 308
Intangibles 3,643 2,483 2,615 2,576 2,460
Deposits & Other Assets 1,319 1,093 962 963 996
Total Assets 32,255 27,789 29,086 28,605 25,790
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 7,842 6,999 6,465 6,266 5,628
Current Portion Long-Term Debt 1,330 662 455 129 106
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 3,538 2,968 3,007 3,069 2,553
Income Taxes Payable 125 93 200 38 17
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 13,234 10,998 10,401 9,743 8,529
Mortgages 0 0 0 0 0
Deferred Taxes/Income 184 312 440 452 419
Convertible Debt 0 0 0 0 0
Long-Term Debt 4,175 2,847 3,538 3,973 3,062
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,066 1,009 1,076 1,061 1,048
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 19,978 16,454 16,861 16,885 14,659
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 3,354 3,299 3,403 3,271 3,198
Capital Surplus 125 111 102 128 127
Retained Earnings 9,303 8,639 9,231 8,704 8,596
Other Equity -505 -714 -511 -383 -790
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 12,277 11,335 12,225 11,720 11,131
Total Liabilities & Shareholder's Equity 32,255 27,789 29,086 28,605 25,790
Total Common Equity 12,277 11,335 12,225 11,720 11,131
Shares Outstanding 286.50 285.90 297.80 300.50 303.20
Book Value Per Share 42.85 39.65 41.05 39.00 36.71

Fiscal Year End for Magna International Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 1,517 1,198 1,022 1,281
Receivables NA 8,379 7,881 8,477 8,570
Notes Receivable NA 0 0 0 0
Inventories NA 4,511 4,606 4,751 4,664
Other Current Assets NA 399 352 387 455
Total Current Assets NA 14,806 14,037 14,637 14,970
Net Property & Equipment NA 9,545 9,618 8,778 8,646
Investments & Advances NA 1,195 1,273 1,311 1,287
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 753 621 527 535
Intangibles NA 3,526 3,643 3,512 3,594
Deposits & Other Assets NA 1,120 1,319 1,214 1,139
Total Assets NA 32,678 32,255 31,675 31,838
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 7,855 7,842 7,911 7,984
Current Portion Long-Term Debt NA 1,662 1,330 1,400 1,576
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 3,611 3,538 3,437 3,495
Income Taxes Payable NA 132 125 33 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 13,566 13,234 13,165 13,358
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 177 184 317 293
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 4,549 4,175 4,135 4,159
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,066 1,017 1,027
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 20,754 19,978 19,923 20,182
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 3,399 3,354 3,333 3,323
Capital Surplus NA 125 125 123 113
Retained Earnings NA 9,171 9,303 9,173 8,907
Other Equity NA -771 -505 -877 -687
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 11,924 12,277 11,752 11,656
Total Liabilities & Shareholder's Equity NA 32,678 32,255 31,675 31,838
Total Common Equity 0 11,924 12,277 11,752 11,656
Shares Outstanding 287.30 287.20 286.50 286.30 286.10
Book Value Per Share 0.00 41.52 42.85 41.05 40.74