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Alternative stocks to Magna (TSX:MG)


These are the alternatives to Magna that fall within the same industry, Auto Parts & Equipment, or region, Canada.

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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).

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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.


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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


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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



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