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.
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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. Nexteer Automotive Group (XL, US) Auto Parts & Equipment
|
1. Nexteer Automotive Group (XL, US) Auto Parts & Equipment
|
95
|
|
45
|
|
98
|
|
100
|
|
2. Linamar (XL, CA) Auto Parts & Equipment
|
2. Linamar (XL, CA) Auto Parts & Equipment
|
85
|
|
33
|
|
98
|
|
96
|
|
3. BorgWarner (XXL, US) Auto Parts & Equipment
|
3. BorgWarner (XXL, US) Auto Parts & Equipment
|
81
|
|
27
|
|
88
|
|
86
|
|
4. Lear (XXL, US) Auto Parts & Equipment
|
4. Lear (XXL, US) Auto Parts & Equipment
|
91
|
|
25
|
|
69
|
|
80
|
|
5. LCI Industries (XL, US) Auto Parts & Equipment
|
5. LCI Industries (XL, US) Auto Parts & Equipment
|
51
|
|
91
|
|
43
|
|
70
|
|
6. Visteon (XL, US) Auto Parts & Equipment
|
6. Visteon (XL, US) Auto Parts & Equipment
|
27
|
|
53
|
|
88
|
|
60
|
|
7. AAM (XL, US) Auto Parts & Equipment
|
7. AAM (XL, US) Auto Parts & Equipment
|
63
|
|
41
|
|
29
|
|
32
|
|
8. Dana (XL, US) Auto Parts & Equipment
|
8. Dana (XL, US) Auto Parts & Equipment
|
83
|
|
9
|
|
31
|
|
23
|
|
9. Patrick (XL, US) Auto Parts & Equipment
|
9. Patrick (XL, US) Auto Parts & Equipment
|
37
|
|
77
|
|
10
|
|
22
|
|
10. Martinrea (XL, CA) Auto Parts & Equipment
|
10. Martinrea (XL, CA) Auto Parts & Equipment
|
100
|
|
3
|
|
30
|
|
22
|
|
December 26, 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. ATCO (XL, CA) Multi-Utilities
|
1. ATCO (XL, CA) Multi-Utilities
|
98
|
|
75
|
|
81
|
|
100
|
|
2. Fortis (XL, CA) Electric Utilities
|
2. Fortis (XL, CA) Electric Utilities
|
76
|
|
67
|
|
82
|
|
100
|
|
3. Restaurant Brands International (XL, CA) Restaurants
|
3. Restaurant Brands International (XL, CA) Restaurants
|
57
|
|
89
|
|
66
|
|
98
|
|
4. Canadian Tire (XXL, CA) General Merchandise Stores
|
4. Canadian Tire (XXL, CA) General Merchandise Stores
|
87
|
|
91
|
|
50
|
|
98
|
|
5. Linamar (XL, CA) Auto Parts & Equipment
|
5. Linamar (XL, CA) Auto Parts & Equipment
|
85
|
|
33
|
|
98
|
|
96
|
|
6. WSP Global (XL, CA) Construction & Engineering
|
6. WSP Global (XL, CA) Construction & Engineering
|
63
|
|
87
|
|
54
|
|
96
|
|
7. West Fraser (XL, CA) Forest Products
|
7. West Fraser (XL, CA) Forest Products
|
66
|
|
99
|
|
67
|
|
96
|
|
8. Fairfax (XXL, CA) Property & Casualty Insurance
|
8. Fairfax (XXL, CA) Property & Casualty Insurance
|
65
|
|
77
|
|
65
|
|
96
|
|
9. Suncor (XXL, CA) Oil & Gas Integrated
|
9. Suncor (XXL, CA) Oil & Gas Integrated
|
73
|
|
57
|
|
85
|
|
95
|
|
10. Barrick Gold (XL, CA) Gold Production
|
10. Barrick Gold (XL, CA) Gold Production
|
84
|
|
59
|
|
74
|
|
94
|
|
December 26, 2024
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Mid sized companies - similar industry as Magna
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Motorcar Parts of America (M, US) Auto Parts & Equipment
|
1. Motorcar Parts of America (M, US) Auto Parts & Equipment
|
69
|
|
67
|
|
87
|
|
92
|
|
2. Cooper-Standard (L, US) Auto Parts & Equipment
|
2. Cooper-Standard (L, US) Auto Parts & Equipment
|
47
|
|
85
|
|
79
|
|
92
|
|
3. Standard Motor Products (L, US) Auto Parts & Equipment
|
3. Standard Motor Products (L, US) Auto Parts & Equipment
|
95
|
|
35
|
|
83
|
|
90
|
|
4. XPEL (M, US) Auto Parts & Equipment
|
4. XPEL (M, US) Auto Parts & Equipment
|
9
|
|
79
|
|
90
|
|
70
|
|
5. Gentherm (L, US) Auto Parts & Equipment
|
5. Gentherm (L, US) Auto Parts & Equipment
|
27
|
|
67
|
|
70
|
|
61
|
|
6. Strattec Security (M, US) Auto Parts & Equipment
|
6. Strattec Security (M, US) Auto Parts & Equipment
|
33
|
|
27
|
|
100
|
|
56
|
|
7. Modine (L, US) Auto Parts & Equipment
|
7. Modine (L, US) Auto Parts & Equipment
|
5
|
|
99
|
|
35
|
|
39
|
|
8. Dorman (L, US) Auto Parts & Equipment
|
8. Dorman (L, US) Auto Parts & Equipment
|
7
|
|
93
|
|
41
|
|
34
|
|
9. Fox Factory (L, US) Auto Parts & Equipment
|
9. Fox Factory (L, US) Auto Parts & Equipment
|
35
|
|
23
|
|
79
|
|
31
|
|
10. Gentex (L, US) Auto Parts & Equipment
|
10. Gentex (L, US) Auto Parts & Equipment
|
29
|
|
67
|
|
18
|
|
25
|
|
December 26, 2024
Mid sized companies - similar region as Magna
Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
1. Lassonde (L, CA) Packaged Foods & Meats
|
1. Lassonde (L, CA) Packaged Foods & Meats
|
85
|
|
99
|
|
84
|
|
100
|
|
2. Mullen (L, CA) Trucking
|
2. Mullen (L, CA) Trucking
|
96
|
|
74
|
|
79
|
|
100
|
|
3. Whitecap Resources (L, CA) Oil & Gas Production
|
3. Whitecap Resources (L, CA) Oil & Gas Production
|
96
|
|
86
|
|
63
|
|
100
|
|
4. Magellan Aerospace (M, CA) Aerospace & Defense
|
4. Magellan Aerospace (M, CA) Aerospace & Defense
|
97
|
|
77
|
|
98
|
|
100
|
|
5. Onex (L, CA) Asset Management & Custody
|
5. Onex (L, CA) Asset Management & Custody
|
45
|
|
97
|
|
88
|
|
100
|
|
6. Northland (L, CA) Renewable Electricity
|
6. Northland (L, CA) Renewable Electricity
|
97
|
|
60
|
|
57
|
|
99
|
|
7. The North West (L, CA) Food Retail
|
7. The North West (L, CA) Food Retail
|
75
|
|
89
|
|
76
|
|
98
|
|
8. Centerra (L, CA) Gold Production
|
8. Centerra (L, CA) Gold Production
|
94
|
|
57
|
|
92
|
|
98
|
|
9. Sundial Growers (M, CA) Pharmaceuticals
|
9. Sundial Growers (M, CA) Pharmaceuticals
|
54
|
|
83
|
|
74
|
|
98
|
|
10. Canadian Utilities (L, CA) Multi-Utilities
|
10. Canadian Utilities (L, CA) Multi-Utilities
|
92
|
|
51
|
|
79
|
|
97
|
|
December 26, 2024
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