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Magna International Inc(MG-T)
TSX

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Magna International: Top 25 Undervalued S&P/TSX Composite Index Stocks (MG)

AI-generated - The Globe and Mail - Mon Mar 4, 12:30AM CST

Magna International is now ranked among the top 25 undervalued stocks included in the S&P/TSX Composite Index.

  • A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
  • Valuation methodology provided by Stockcalc (see below)

Stocks in this market cap category are held primarily for capital appreciation and/or dividends.

Inclusion in a major index means a company ranks among the largest in their market. This also implies stability by-way of institutional support for the stock by index funds.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
NTRNutrien70.84103.7232.88 (46.4%)102611035207.14.020.6
AQNAlgonquin Power7.9310.632.70 (34.0%)45985915459.27.30.0
CAECAE25.3431.766.42 (25.3%)8856958421.80.029.8
BIP-UNBrookfield Infr Partners38.6646.447.78 (20.1%)46484517760.45.3207.3
KKinross Gold6.647.721.08 (16.3%)25891308211.52.414.9
FTSFortis52.3358.566.23 (11.9%)225113625458.54.416.9
FSVFirstService223.34249.6426.30 (11.8%)6811210004.50.574.0
MGMagna International74.7883.188.40 (11.2%)192992221431.93.412.8
EMAEmera47.6052.885.28 (11.1%)119285913032.95.913.4
LLoblaw Cos144.64156.5011.86 (8.2%)34456046284.81.222.3
MRUMetro73.4879.385.90 (8.0%)54986316826.91.716.8
CVECenovus Energy23.6525.461.81 (7.7%)404269845536.72.211.3
FNVFranco-Nevada142.09152.9610.87 (7.7%)30968627338.11.330.2
BMOBank of Montreal122.84132.209.36 (7.6%)322848689009.94.816.9
SAPSaputo27.6129.551.94 (7.0%)43467811693.42.734.8
ABXBarrick Gold19.7921.061.27 (6.4%)332449134731.42.720.7
TDToronto-Dominion Bank81.4986.735.24 (6.4%)3898385144905.54.812.8
BCEBCE50.3652.992.63 (5.2%)264094045938.47.722.0
SUSuncor Energy46.6348.672.04 (4.4%)1078465361085.34.57.5
OTEXOpen Text52.1954.312.12 (4.1%)68093614203.02.581.7
TTELUS23.6724.520.85 (3.6%)322424234487.26.141.1
CTC-ACanadian Tire Corp138.10142.634.53 (3.3%)3029377796.85.036.6
BNBrookfield56.0057.451.45 (2.6%)190633588939.20.768.0
BNSBank of Nova Scotia65.8167.461.65 (2.5%)332812280354.06.410.8
PPLPembina Pipeline47.2348.401.17 (2.5%)259343026023.75.615.9

All data provided as of March 04, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.

Magna International

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly.

Magna International is listed under MG on the Toronto Stock Exchange.

Stockcalc

StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.

Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:

  • Discounted Cash Flow (DCF)
  • Price & Other Comparables
  • Multiples
  • Adjusted Book Value (ABV)
  • Analyst Consensus

Artificial Intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.

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