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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 87 47 98 100
2. Nexteer Automotive Group (XL, US)  Auto Parts & Equipment
2. Nexteer Automotive Group (XL, US)   Auto Parts & Equipment 95 81 98 100
3. BorgWarner (XXL, US)  Auto Parts & Equipment
3. BorgWarner (XXL, US)   Auto Parts & Equipment 79 33 88 88
4. Lear (XXL, US)  Auto Parts & Equipment
4. Lear (XXL, US)   Auto Parts & Equipment 89 27 69 80
5. LCI Industries (XL, US)  Auto Parts & Equipment
5. LCI Industries (XL, US)   Auto Parts & Equipment 49 91 43 73
6. Visteon (XL, US)  Auto Parts & Equipment
6. Visteon (XL, US)   Auto Parts & Equipment 35 51 92 68
7. AAM (XL, US)  Auto Parts & Equipment
7. AAM (XL, US)   Auto Parts & Equipment 63 43 29 36
8. Dana (XL, US)  Auto Parts & Equipment
8. Dana (XL, US)   Auto Parts & Equipment 81 11 31 27
9. Martinrea (XL, CA)  Auto Parts & Equipment
9. Martinrea (XL, CA)   Auto Parts & Equipment 100 3 30 26
10. Patrick (XL, US)  Auto Parts & Equipment
10. Patrick (XL, US)   Auto Parts & Equipment 25 83 8 18

January 23, 2025

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 99 61 83 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 87 47 98 100
3. Fortis (XL, CA)  Electric Utilities
3. Fortis (XL, CA)   Electric Utilities 74 58 82 98
4. West Fraser (XL, CA)  Forest Products
4. West Fraser (XL, CA)   Forest Products 56 99 68 96
5. Fairfax (XXL, CA)  Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 71 87 65 96
6. Barrick Gold (XL, CA)  Gold Production
6. Barrick Gold (XL, CA)   Gold Production 86 57 76 94
7. Imperial (XXL, CA)  Oil & Gas Integrated
7. Imperial (XXL, CA)   Oil & Gas Integrated 33 81 97 93
8. Manulife Financial (XXL, CA)  Life & Health Insurance
8. Manulife Financial (XXL, CA)   Life & Health Insurance 55 61 100 91
9. CCL (XL, CA)  Metal & Glass Containers
9. CCL (XL, CA)   Metal & Glass Containers 45 73 85 91
10. Restaurant Brands International (XL, CA)  Restaurants
10. Restaurant Brands International (XL, CA)   Restaurants 57 81 66 90

January 23, 2025


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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 49 95 79 96
2. Standard Motor Products (L, US)  Auto Parts & Equipment
2. Standard Motor Products (L, US)   Auto Parts & Equipment 95 39 83 90
3. Motorcar Parts of America (M, US)  Auto Parts & Equipment
3. Motorcar Parts of America (M, US)   Auto Parts & Equipment 81 53 85 87
4. XPEL (M, US)  Auto Parts & Equipment
4. XPEL (M, US)   Auto Parts & Equipment 9 81 85 68
5. Gentherm (L, US)  Auto Parts & Equipment
5. Gentherm (L, US)   Auto Parts & Equipment 23 71 67 59
6. Strattec Security (M, US)  Auto Parts & Equipment
6. Strattec Security (M, US)   Auto Parts & Equipment 33 17 100 47
7. Fox Factory (L, US)  Auto Parts & Equipment
7. Fox Factory (L, US)   Auto Parts & Equipment 33 25 82 42
8. Modine (L, US)  Auto Parts & Equipment
8. Modine (L, US)   Auto Parts & Equipment 3 99 35 39
9. Gentex (L, US)  Auto Parts & Equipment
9. Gentex (L, US)   Auto Parts & Equipment 31 73 18 25
10. Dorman (L, US)  Auto Parts & Equipment
10. Dorman (L, US)   Auto Parts & Equipment 7 73 41 22

January 23, 2025


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 99 77 98 100
2. Mullen (L, CA)  Trucking
2. Mullen (L, CA)   Trucking 96 78 79 100
3. Lassonde (L, CA)  Packaged Foods & Meats
3. Lassonde (L, CA)   Packaged Foods & Meats 84 99 82 100
4. Sundial Growers (M, CA)  Pharmaceuticals
4. Sundial Growers (M, CA)   Pharmaceuticals 56 83 73 100
5. Whitecap Resources (L, CA)  Oil & Gas Production
5. Whitecap Resources (L, CA)   Oil & Gas Production 96 70 63 100
6. Dundee Precious Metals (M, CA)  Gold Production
6. Dundee Precious Metals (M, CA)   Gold Production 78 69 96 98
7. The North West (L, CA)  Food Retail
7. The North West (L, CA)   Food Retail 71 77 81 98
8. Jamieson Wellness (M, CA)  Personal Products
8. Jamieson Wellness (M, CA)   Personal Products 84 71 53 98
9. Lightspeed Commerce (L, CA)  Application Software
9. Lightspeed Commerce (L, CA)   Application Software 73 86 71 98
10. Onex (L, CA)  Asset Management & Custody
10. Onex (L, CA)   Asset Management & Custody 45 91 91 97

January 23, 2025



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