Magna International Inc. Stock
Magna International Inc. Stock
Pros and Cons of Magna International Inc. in the next few years
Pros
Cons
Performance of Magna International Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Magna International Inc. | -0.990% | 3.560% | 9.501% | 25.168% | 5.899% | -16.641% | -21.454% |
| Nexteer Automotive Group Ltd | -1.290% | 6.993% | 20.472% | 103.457% | 8.511% | 19.531% | -27.143% |
| Genuine Parts Corp | -0.230% | 4.253% | -3.373% | -2.519% | 4.303% | -30.252% | 27.544% |
| Continental AG | -0.580% | 1.341% | 4.574% | 7.585% | 2.236% | 6.204% | -40.215% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Examining the financials of Magna International (MGA), a key player in the Automobiles & Auto Parts industry, brings to light a robust company with a mix of both strengths and challenges. With a market capitalization of approximately $11.73 billion and solid revenue figures, Magna appears well-positioned in a competitive automotive landscape. The financial metrics demonstrate a blend of profitability and growth potential that can be quite attractive for investors.
Starting with the balance sheet, Magna's total assets have seen a noticeable increase, climbing from around $29.09 billion in 2021 to $32.26 billion in 2023. This growth reflects a healthy upward trend in assets, which is a sign that the company is effectively investing in its operations. On the liabilities side, total liabilities also rose; however, the ratio of total liabilities to total assets remains manageable, indicating that Magna is not over-leveraged and maintains a stable financial structure.
Pros of Magna International's Financials:
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