More stocks to consider
Alternative stocks to Magna (TSX:MG)
These are the alternatives to Magna that fall within the same industry, Auto Parts & Equipment, or region, Canada.
How to read the ranks
For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.
See Magna Performance
Magna stock research in summary
magna.com
Magna shares are less expensive than other comparable stocks. While they are good value, they are riskily financed, and show below average growth. We recommend evaluating whether the future of the company Magna is really as difficult as the low price of the stock suggests. If you believe that the future of the company is market-typical or even better, then this could be an argument for a share purchase.
Latest Obermatt Ranks
Log in or sign up to see the new 360° View and Sentiment ranks.
Country |
Canada |
Industry |
Auto Parts & Equipment |
Index |
|
Size class |
XX-Large |
Large companies - similar industry as Magna
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Linamar (XL, CA) Auto Parts & Equipment
|
1. Linamar (XL, CA) Auto Parts & Equipment
|
88
|
|
49
|
|
100
|
|
100
|
|
2. Nexteer Automotive Group (XL, US) Auto Parts & Equipment
|
2. Nexteer Automotive Group (XL, US) Auto Parts & Equipment
|
94
|
|
91
|
|
100
|
|
100
|
|
3. Lear (XXL, US) Auto Parts & Equipment
|
3. Lear (XXL, US) Auto Parts & Equipment
|
88
|
|
63
|
|
77
|
|
98
|
|
4. Winnebago Industries (XL, US) Automobile Manufacturers
|
4. Winnebago Industries (XL, US) Automobile Manufacturers
|
78
|
|
63
|
|
94
|
|
96
|
|
5. Thor (XXL, US) Automobile Manufacturers
|
5. Thor (XXL, US) Automobile Manufacturers
|
70
|
|
73
|
|
59
|
|
87
|
|
6. BorgWarner (XXL, US) Auto Parts & Equipment
|
6. BorgWarner (XXL, US) Auto Parts & Equipment
|
80
|
|
17
|
|
82
|
|
78
|
|
7. Dana (XL, US) Auto Parts & Equipment
|
7. Dana (XL, US) Auto Parts & Equipment
|
86
|
|
43
|
|
39
|
|
70
|
|
8. Ford (XXL, US) Automobile Manufacturers
|
8. Ford (XXL, US) Automobile Manufacturers
|
100
|
|
25
|
|
43
|
|
64
|
|
9. General Motors (XXL, US) Automobile Manufacturers
|
9. General Motors (XXL, US) Automobile Manufacturers
|
92
|
|
27
|
|
47
|
|
60
|
|
10. Patrick (XL, US) Auto Parts & Equipment
|
10. Patrick (XL, US) Auto Parts & Equipment
|
59
|
|
89
|
|
14
|
|
58
|
|
May 2, 2024
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as Magna
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Celestica (XL, CA) Electr. Manufacturing Services
|
1. Celestica (XL, CA) Electr. Manufacturing Services
|
85
|
|
77
|
|
83
|
|
100
|
|
2. Linamar (XL, CA) Auto Parts & Equipment
|
2. Linamar (XL, CA) Auto Parts & Equipment
|
88
|
|
49
|
|
100
|
|
100
|
|
3. West Fraser (XL, CA) Forest Products
|
3. West Fraser (XL, CA) Forest Products
|
78
|
|
91
|
|
75
|
|
100
|
|
4. Open Text (XL, CA) Application Software
|
4. Open Text (XL, CA) Application Software
|
100
|
|
51
|
|
57
|
|
98
|
|
5. Fairfax (XXL, CA) Property & Casualty Insurance
|
5. Fairfax (XXL, CA) Property & Casualty Insurance
|
88
|
|
53
|
|
65
|
|
96
|
|
6. ATCO (XL, CA) Multi-Utilities
|
6. ATCO (XL, CA) Multi-Utilities
|
100
|
|
27
|
|
81
|
|
93
|
|
7. Cenovus (XXL, CA) Oil & Gas Integrated
|
7. Cenovus (XXL, CA) Oil & Gas Integrated
|
73
|
|
49
|
|
84
|
|
92
|
|
8. Canfor (XL, CA) Forest Products
|
8. Canfor (XL, CA) Forest Products
|
45
|
|
79
|
|
82
|
|
92
|
|
9. Manulife Financial (XXL, CA) Life & Health Insurance
|
9. Manulife Financial (XXL, CA) Life & Health Insurance
|
70
|
|
33
|
|
100
|
|
91
|
|
10. Russel Metals (XL, CA) Trading & Distribution
|
10. Russel Metals (XL, CA) Trading & Distribution
|
94
|
|
18
|
|
96
|
|
90
|
|
May 2, 2024
Find more stock ideas
Use your own criteria to filter for stocks or sign up for the latest Top 10 Stock tips.
Log in or Sign up
Mid sized companies - similar industry as Magna
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Cooper-Standard (L, US) Auto Parts & Equipment
|
1. Cooper-Standard (L, US) Auto Parts & Equipment
|
62
|
|
85
|
|
75
|
|
92
|
|
2. Standard Motor Products (L, US) Auto Parts & Equipment
|
2. Standard Motor Products (L, US) Auto Parts & Equipment
|
96
|
|
40
|
|
79
|
|
87
|
|
3. Visteon (L, US) Auto Parts & Equipment
|
3. Visteon (L, US) Auto Parts & Equipment
|
26
|
|
67
|
|
88
|
|
77
|
|
4. Motorcar Parts of America (M, US) Auto Parts & Equipment
|
4. Motorcar Parts of America (M, US) Auto Parts & Equipment
|
73
|
|
37
|
|
87
|
|
70
|
|
5. Fox Factory (L, US) Auto Parts & Equipment
|
5. Fox Factory (L, US) Auto Parts & Equipment
|
30
|
|
39
|
|
67
|
|
48
|
|
6. Stoneridge (M, US) Auto Parts & Equipment
|
6. Stoneridge (M, US) Auto Parts & Equipment
|
41
|
|
59
|
|
52
|
|
42
|
|
7. Gentex (L, US) Auto Parts & Equipment
|
7. Gentex (L, US) Auto Parts & Equipment
|
31
|
|
55
|
|
94
|
|
42
|
|
8. Gentherm (L, US) Auto Parts & Equipment
|
8. Gentherm (L, US) Auto Parts & Equipment
|
18
|
|
69
|
|
49
|
|
40
|
|
9. Strattec Security (M, US) Auto Parts & Equipment
|
9. Strattec Security (M, US) Auto Parts & Equipment
|
59
|
|
3
|
|
82
|
|
39
|
|
10. Modine (L, US) Auto Parts & Equipment
|
10. Modine (L, US) Auto Parts & Equipment
|
6
|
|
95
|
|
27
|
|
28
|
|
May 2, 2024
Mid sized companies - similar region as Magna
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Magellan Aerospace (M, CA) Aerospace & Defense
|
1. Magellan Aerospace (M, CA) Aerospace & Defense
|
98
|
|
71
|
|
100
|
|
100
|
|
2. Fairfax India Holdings (M, CA) Asset Management & Custody
|
2. Fairfax India Holdings (M, CA) Asset Management & Custody
|
67
|
|
95
|
|
93
|
|
100
|
|
3. Lassonde (L, CA) Packaged Foods & Meats
|
3. Lassonde (L, CA) Packaged Foods & Meats
|
96
|
|
53
|
|
79
|
|
98
|
|
4. Leon's Furniture (L, CA) Homefurnishing Retail
|
4. Leon's Furniture (L, CA) Homefurnishing Retail
|
88
|
|
69
|
|
81
|
|
98
|
|
5. Peyto (M, CA) Oil & Gas Production
|
5. Peyto (M, CA) Oil & Gas Production
|
94
|
|
93
|
|
55
|
|
98
|
|
6. Onex (L, CA) Asset Management & Custody
|
6. Onex (L, CA) Asset Management & Custody
|
52
|
|
99
|
|
82
|
|
97
|
|
7. Dundee Precious Metals (M, CA) Gold Production
|
7. Dundee Precious Metals (M, CA) Gold Production
|
84
|
|
31
|
|
98
|
|
96
|
|
8. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
8. Canaccord Genuity (L, CA) Investment Banking & Brokerage
|
96
|
|
47
|
|
88
|
|
95
|
|
9. Jamieson Wellness (M, CA) Personal Products
|
9. Jamieson Wellness (M, CA) Personal Products
|
91
|
|
67
|
|
59
|
|
93
|
|
10. Centerra (L, CA) Gold Production
|
10. Centerra (L, CA) Gold Production
|
94
|
|
23
|
|
94
|
|
92
|
|
May 2, 2024
Obermatt Portfolio Performance
We’re so convinced about our research, that we buy our stock tips.
See the performance of the Obermatt portfolio.