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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.

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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. 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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