{"id":44643,"date":"2015-03-11T19:25:00","date_gmt":"2015-03-11T19:25:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2015\/03\/magna-international-inc-mg\/"},"modified":"2015-03-11T19:25:00","modified_gmt":"2015-03-11T19:25:00","slug":"magna-international-inc-mg","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-us\/2015\/03\/magna-international-inc-mg\/","title":{"rendered":"Magna International Inc (MG)"},"content":{"rendered":"<p>In this week\u2019s content analysis, we\u2019re going to take a closer look at the results of Magna International\u2019s Q4 2014 financial statements, recently updated in StockPointer. Magna has been a constituent of our Canadian model portfolio since January 2nd, 2012, when it started to stand out through its stable EVA growth.\u00a0 <a href=\"\/wp-content\/uploads\/Content\/EN\/MG-EN.pdf\"> <img decoding=\"async\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAABQAAAAYCAYAAAD6S912AAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsMAAA7DAcdvqGQAAAAadEVYdFNvZnR3YXJlAFBhaW50Lk5FVCB2My41LjEwMPRyoQAAAN5JREFUSEvdlcENwyAMAIn64NkROkSePMoKzJERMgEzZMwoH1DkYhSiJDJgIvXRPk4Cy1xsS1bENE3Q9z2LYRjAOScAIIswxpCPc2itYVkWUoZE4ZYU7mSS9N6fPlyScoQiCZVSse2StEmIefM8wziOWWmzEPPWdRU5KVfYXfOC9E1Jb1WY4lSlTUJ8WMJaCywhwlkA9HCFz0B3ie0cR8KusMT\/CiURi\/x2y9m2SpSEry3pcThXCcJ917\/eMvmgRq1CXLHjLNMdR5DGkM4xLwjlSUgt+h2isOU3WsNaCx9FtNaZP8PEygAAAABJRU5ErkJggg==\" \/> Download <\/a><\/p>\n<p>While Magna\u2019s Intrinsic Value remained relatively stable over the course of 2014, even decreasing slightly from $140 to $135, the company finished the year strong in its 4th quarter, producing its highest return on capital in five years. This improvement in return on capital (from 16.2% in 2013, to 18.8% in 2014), was largely driven by a 28% one-year increase in NOPAT (net operating profit after tax). As a result, Intrinsic Value jumped from $138.30 to $176.03, improving the Price\/IV ratio to 0.75, which now offers favorable growth potential.<\/p>\n<p>Magna\u2019s future growth value (FGV) increased to \u201conly\u201d 5.2% (as of March 10th, 2015), a multiple we consider to be very reasonable given a company having achieved such current operating value (COV) growth over the past 5 years.<\/p>\n<p>As far as pure economic performance, Magna\u2019s EVA continues to trend upwards along a stable, linear path.<\/p>\n<p>Free cash flow has stayed positive since 2012 and was at over a billion dollars in 2014, which should allow the company to continue its share buy-backs and also support the dividend increase announced February 25th. Note as well that the company recently approved a 2-for-1 stock split.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this week\u2019s content analysis, we\u2019re going to take a closer look at the results of Magna International\u2019s Q4 2014 financial statements, recently updated in StockPointer. Magna has been a constituent of our Canadian model portfolio since January 2nd, 2012, when it started to stand out through its stable EVA growth.\u00a0 Download While Magna\u2019s Intrinsic [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[619],"tags":[724],"class_list":["post-44643","post","type-post","status-publish","format-standard","hentry","category-intelligence-en-us","tag-mg-en-us"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Magna International Inc (MG) - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-us\/2015\/03\/magna-international-inc-mg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magna International Inc (MG)\" \/>\n<meta property=\"og:description\" content=\"In this week\u2019s content analysis, we\u2019re going to take a closer look at the results of Magna International\u2019s Q4 2014 financial statements, recently updated in StockPointer. 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