Magna International (TSE:MG) Full Year 2024 Results

Key Financial Results

• Revenue: US$42.8b (flat on FY 2023).
• Net income: US$1.01b (down 17% from FY 2023).
• Profit margin: 2.4% (down from 2.8% in FY 2023).
• EPS: US$3.52 (down from US$4.24 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Magna International EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%.

The primary driver behind last 12 months revenue was the Body Exteriors & Structures segment contributing a total revenue of US$17.0b (40% of total revenue). Notably, cost of sales worth US$37.0b amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.06b (43% of total expenses). Explore how MG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Auto Components industry in North America.

Performance of the market in Canada.

The company's shares are down 2.8% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Magna International that you should be aware of before investing here.

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