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Commentary (19 Apr 2024 @ 16:00):

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide...

Stats
Today's Volume	441 743
Average Volume	1.15M
Market Cap	19.09B
EPS	$0 ( 2024-02-09 )
Next earnings date	( $1.720 ) 2024-05-03
Last Dividend	$0.622 ( 2023-08-17 )
Next Dividend	$0 ( N/A )
P/E	11.38
ATR14	$0.0320 (0.05%)

Volume Correlation

Long: 0.70 (moderate)

Short: 0.53 (weak)

Signal:(72.928) Neutral

Magna International Inc Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Magna International Inc Correlation - Currency/Commodity

-0.80
( moderate negative )

-0.81
( strong negative )

0.00
( neutral )

-0.82
( strong negative )

0.63
( weak )

0.12
( neutral )

Magna International Inc Financials

Annual	2023
Revenue:	$42.80B
Gross Profit:	$5.61B (13.11 %)
EPS:	$4.24

Q4	2023
Revenue:	$10.45B
Gross Profit:	$1.49B (14.28 %)
EPS:	$0.950

Q3	2023
Revenue:	$10.69B
Gross Profit:	$1.42B (13.32 %)
EPS:	$1.370

Q2	2023
Revenue:	$10.98B
Gross Profit:	$1.44B (13.09 %)
EPS:	$1.180

Financial Reports:

No articles found.

Magna International Inc Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0.575 (N/A)	$0.600 (N/A)	$0.623 (N/A)	$0.619 (N/A)	$0.622 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

Magna International Inc Dividend Information - Dividend King

Dividend Sustainability Score: 9.67 - good (96.67%) | Divividend Growth Potential Score: 5.23 - Stable (4.67%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.118	2005-03-09
Last Dividend	$0.622	2023-08-17
Next Dividend	$0	N/A
Payout Date	2023-09-01
Next Payout Date	N/A
# dividends	69	--
Total Paid Out	$23.83	--
Avg. Dividend % Per Year	1.58%	--
Score	5.06	--
Div. Sustainability Score	9.67
Div.Growth Potential Score	5.23
Div. Directional Score	7.45	--

Next Divdend (Est)
(2024-05-02)

$0.629 Estimate 21.88 %

Dividend Stability

0.58 Average

Dividend Score

5.06

Pay Frequency

Quarterly

Yearly Payout

Year	Amount	Yield
2005	$0	0.00%
2006	$0	0.00%
2007	$0	0.00%
2008	$0	0.00%
2009	$0	0.00%
2010	$0	0.00%
2011	$0	0.00%
2012	$0	0.00%
2013	$0	0.00%
2014	$0	0.00%
2015	$0	0.00%
2016	$0	0.00%
2017	$0	0.00%
2018	$5.65	8.09%
2019	$1.461	2.36%
2020	$2.14	2.97%
2021	$2.15	2.42%
2022	$2.33	2.14%
2023	$1.864	2.37%
2024	$0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for TSX

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
XUU.TO	Dividend Junior	2023-09-25	Quarterly	10	0.78%
RUS.TO	Dividend King	2023-08-28	Quarterly	25	3.35%
HBM.TO	Dividend Knight	2023-08-31	Semi-Annually	15	0.25%
BLOV.TO	Dividend Knight	2023-08-30	Monthly	5	2.23%
WN.TO	Dividend King	2023-09-14	Quarterly	30	1.14%
ONEQ.TO	Dividend Junior	2023-09-22	Quarterly	9	0.86%
EFX.TO	Dividend Knight	2023-08-23	Quarterly	14	0.76%
ZGI.TO	Dividend Junior	2023-06-28	Quarterly	15	1.70%
SYZ.TO	Dividend Knight	2023-08-30	Quarterly	15	1.62%
HYI.TO	Dividend King	2023-08-30	Monthly	13	3.41%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0283	1.500	9.43	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0376	1.200	8.75	10.00	[0 - 0.3]
returnOnEquityTTM	0.106	1.500	9.93	10.00	[0.1 - 1]
payoutRatioTTM	0.430	-1.000	5.70	-5.70	[0 - 1]
currentRatioTTM	1.061	0.800	9.70	7.76	[1 - 3]
quickRatioTTM	0.686	0.800	-0.670	-0.536	[0.8 - 2.5]
cashRatioTTM	0.0905	1.500	-0.608	-0.912	[0.2 - 2]
debtRatioTTM	0.224	-1.500	6.27	-9.40	[0 - 0.6]
interestCoverageTTM	9.08	1.000	7.75	7.75	[3 - 30]
operatingCashFlowPerShareTTM	11.00	2.00	6.33	10.00	[0 - 30]
freeCashFlowPerShareTTM	2.10	2.00	8.95	10.00	[0 - 20]
debtEquityRatioTTM	0.608	-1.500	7.57	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.131	1.000	-1.148	-1.148	[0.2 - 0.8]
operatingProfitMarginTTM	0.0513	1.000	-0.973	-0.973	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.436	1.000	8.69	8.69	[0.2 - 2]
assetTurnoverTTM	1.327	0.800	4.49	3.59	[0.5 - 2]
Total Score				9.67

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	11.96	1.000	8.89	0	[1 - 100]
returnOnEquityTTM	0.106	2.50	9.95	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	2.10	2.00	9.30	10.00	[0 - 30]
dividendYielPercentageTTM	6.21	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	11.00	2.00	6.33	10.00	[0 - 30]
payoutRatioTTM	0.430	1.500	5.70	-5.70	[0 - 1]
pegRatioTTM	0.0559	1.500	-2.96	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0736	1.000	-0.661	0	[0.1 - 0.5]
Total Score				5.23

Magna International Inc

Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis, exterior, and roof systems, as well as battery enclosures and engineering and testing services, including fascia and trims, front end modules, front integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, and side doors. The Power & Vision segment offers hybrid and electric drive systems, motors, inverters, onboard chargers, and e-clutch; dedicated hybrid, dual and hybrid dual, and manual transmissions; AWD/4WD products and rear drive modules; transmission, engine, driveline components, engine drive plates, and accessories; engineering services; advanced driver assistance systems and sensors, and electronic control units; interior and exterior mirrors, camera and driver monitoring systems and electronics, actuators, door handles, and overhead consoles; forward, rear, and auxiliary lighting products; latching, door modules, window, power closure, and hinges and wire forming systems; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. The company also designs, engineers, and manufactures tooling products. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.