2024-05-28 07:56:23 ET
Summary
- Magna International's Q1 2024 results disappointed analysts' expectations, with sales up marginally.
- The company cut its guidance for total sales, citing a relatively flat vehicle production environment in key markets.
- Magna's leverage has increased over the past two years, and it may struggle to meet its targeted leverage ratio by the end of 2025.
- While consensus seems to have a bullish view, most of the growth is expected to come from multiple expansion.
- I don't foresee much growth and expect the company will have difficulty achieving its 2026 targets.
Please note all $ figures in , not , unless otherwise stated.
Introduction
Read the full article on Seeking Alpha
For further details see:
Magna International: Growth Under The Hood? Not Likely