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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. They are good value and are safely financed, but 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


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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 93 43 98 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 85 41 98 98
3. General Motors (XXL, US)  Automobile Manufacturers
3. General Motors (XXL, US)   Automobile Manufacturers 93 63 52 94
4. BorgWarner (XXL, US)  Auto Parts & Equipment
4. BorgWarner (XXL, US)   Auto Parts & Equipment 83 33 90 94
5. Lear (XXL, US)  Auto Parts & Equipment
5. Lear (XXL, US)   Auto Parts & Equipment 97 27 73 84
6. Winnebago Industries (XL, US)  Automobile Manufacturers
6. Winnebago Industries (XL, US)   Automobile Manufacturers 77 53 63 83
7. LCI Industries (XL, US)  Auto Parts & Equipment
7. LCI Industries (XL, US)   Auto Parts & Equipment 51 91 41 72
8. Harley-Davidson (XL, US)  Motorcycle Manufacturers
8. Harley-Davidson (XL, US)   Motorcycle Manufacturers 81 11 76 69
9. Goodyear (XXL, US)  Tires & Rubber
9. Goodyear (XXL, US)   Tires & Rubber 81 29 48 59
10. Dana (XL, US)  Auto Parts & Equipment
10. Dana (XL, US)   Auto Parts & Equipment 99 5 51 57

November 21, 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 97 71 82 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 85 41 98 98
3. Suncor (XXL, CA)  Oil & Gas Integrated
3. Suncor (XXL, CA)   Oil & Gas Integrated 69 61 81 97
4. Fairfax (XXL, CA)  Property & Casualty Insurance
4. Fairfax (XXL, CA)   Property & Casualty Insurance 67 75 65 96
5. Russel Metals (XL, CA)  Trading & Distribution
5. Russel Metals (XL, CA)   Trading & Distribution 89 35 91 96
6. WSP Global (XL, CA)  Construction & Engineering
6. WSP Global (XL, CA)   Construction & Engineering 69 83 55 96
7. Restaurant Brands International (XL, CA)  Restaurants
7. Restaurant Brands International (XL, CA)   Restaurants 55 89 68 94
8. CCL (XL, CA)  Metal & Glass Containers
8. CCL (XL, CA)   Metal & Glass Containers 43 71 86 94
9. Barrick Gold (XL, CA)  Gold Production
9. Barrick Gold (XL, CA)   Gold Production 82 53 74 94
10. Canadian Tire (XXL, CA)  General Merchandise Stores
10. Canadian Tire (XXL, CA)   General Merchandise Stores 83 93 48 93

November 21, 2024


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Mid sized companies - similar industry as Magna

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Standard Motor Products (L, US)  Auto Parts & Equipment
1. Standard Motor Products (L, US)   Auto Parts & Equipment 89 45 81 94
2. Cooper-Standard (L, US)  Auto Parts & Equipment
2. Cooper-Standard (L, US)   Auto Parts & Equipment 43 83 79 90
3. Motorcar Parts of America (M, US)  Auto Parts & Equipment
3. Motorcar Parts of America (M, US)   Auto Parts & Equipment 73 43 85 78
4. Visteon (L, US)  Auto Parts & Equipment
4. Visteon (L, US)   Auto Parts & Equipment 29 61 92 68
5. Strattec Security (M, US)  Auto Parts & Equipment
5. Strattec Security (M, US)   Auto Parts & Equipment 35 31 100 62
6. Gentherm (L, US)  Auto Parts & Equipment
6. Gentherm (L, US)   Auto Parts & Equipment 25 65 67 57
7. Fox Factory (L, US)  Auto Parts & Equipment
7. Fox Factory (L, US)   Auto Parts & Equipment 33 29 79 40
8. Modine (L, US)  Auto Parts & Equipment
8. Modine (L, US)   Auto Parts & Equipment 3 100 35 39
9. Gentex (L, US)  Auto Parts & Equipment
9. Gentex (L, US)   Auto Parts & Equipment 33 25 18 25
10. Martinrea (L, CA)  Auto Parts & Equipment
10. Martinrea (L, CA)   Auto Parts & Equipment 99 7 28 24

November 21, 2024


Mid sized companies - similar region as Magna

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Onex (L, CA)  Asset Management & Custody
1. Onex (L, CA)   Asset Management & Custody 47 97 85 100
2. Magellan Aerospace (M, CA)  Aerospace & Defense
2. Magellan Aerospace (M, CA)   Aerospace & Defense 95 73 98 100
3. Dundee Precious Metals (M, CA)  Gold Production
3. Dundee Precious Metals (M, CA)   Gold Production 82 69 94 100
4. Lassonde (L, CA)  Packaged Foods & Meats
4. Lassonde (L, CA)   Packaged Foods & Meats 89 97 84 100
5. Whitecap Resources (L, CA)  Oil & Gas Production
5. Whitecap Resources (L, CA)   Oil & Gas Production 93 89 65 100
6. Western Forest Products (L, CA)  Forest Products
6. Western Forest Products (L, CA)   Forest Products 65 83 69 99
7. Enghouse Systems (M, CA)  Application Software
7. Enghouse Systems (M, CA)   Application Software 94 34 98 98
8. Paramount (L, CA)  Oil & Gas Production
8. Paramount (L, CA)   Oil & Gas Production 71 87 86 98
9. Canaccord Genuity (L, CA)  Investment Banking & Brokerage
9. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 97 43 76 96
10. Mullen (L, CA)  Trucking
10. Mullen (L, CA)   Trucking 99 55 81 96

November 21, 2024



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