Magna Is One of the World's Largest, Most Diversified, Publicly Traded Auto Parts Suppliers
No-moat Magna reported record full-year 2018 diluted earnings per share before special items of $6.71, $0.77 higher than the same period last year and $0.03 better than the sell-side consensus of $6.68. Record revenue of $40.8 billion represented a 12% increase over the $36.6 billion reported for 2017. The 3-star-rated shares of Magna currently trade at a 4% discount to our $57 fair value estimate. Accordingly, we view the stock as reasonably valued relative to our forecasts for revenue, cash fl...Magna is a global automotive supplier whose product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as vehicle engineering and contract manufacturing. Co.'s operations are segmented on a geographic basis. Co.'s segments consist of North America, Europe, Asia and Rest of World.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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