LIMAF - Linamar's Opportunity In The New Age Of Electric Vehicles
Ontario auto parts manufactures are among the cheapest of Canadian stocks (Linamar (OTCPK:LIMAF): P/E 6.1x, Martinrea International Inc. (OTCPK:MRETF): P/E 5.8x, Magna (MG): P/E 7.1x), but have tremendous growth opportunities. Most notably in being suppliers of driveline products such as electronic axles for electric powered (EV) and plug-in hybrid electric powered (PHEV) vehicles (for simplicity I’ll just refer to all these vehicles as EVs). The International Energy Agency estimates that there will be as little as 100 million EVs by 2030 to as much as 200 million