Skip to main content

Magna International Inc(MG-T)
TSX

Today's Change
Real-Time Last Update

Magna International: Top 10 Undervalued Large Cap Stocks on TSX (MG)

AI-generated - The Globe and Mail - Sat Apr 20, 7:24PM CDT

Magna International is now ranked among the top 10 large cap stocks on the Toronto Stock Exchange.

  • 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)
  • Large caps total market capitalization (10-200B)

Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
FFH-UFairfax Finl Hldgs903.321572.76669.44 (74.1%)22588.50.05.2
ABXBarrick Gold23.5332.048.51 (36.2%)399569941295.22.323.7
BIP-UNBrookfield Infr Partners37.4150.4012.99 (34.7%)49297817186.25.5194.0
MGMagna International66.4587.6121.16 (31.8%)66190519044.63.811.4
RCI-BRogers Communications53.0164.7411.73 (22.1%)156383727777.23.832.7
RBARB Global99.87121.7721.90 (21.9%)10281816798.51.469.7
OTEXOpen Text48.1857.499.31 (19.3%)44232913111.82.872.9
RCI-ARogers Communications55.0264.979.95 (18.1%)148128830.53.634.0
SAPSaputo25.6829.964.28 (16.7%)29137410876.02.932.9
NTRNutrien72.5683.6711.11 (15.3%)129834536061.94.020.8

All data provided as of April 21, 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. In 2023, 48% of Magna's $42.

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.

More from The Globe

inside the market
Short sales on the TSX: What bearish investors are betting against
Larry MacDonald