MGA
Magna International Inc.
MGA's fundamentals are mixed, but it looks expensive: trading at 23x earnings, above its usual 15x. Analysts expect strong earnings growth.
MGA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Healthy |
MGA's cash flow and balance sheet are currently healthy, and its revenue and profitability are stable.
MGA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.3x | $62.37 | — |
| Cheap | 10x | $27.49 | -56% |
| Fair | 15x | $39.61 | -36% |
| Current | 23x | $62.37 | — |
| Expensive | 27x | $72.35 | +16% |
Historical ranges are pointers, not guarantees.
MGA's PE is in its expensive range at 23x. If earnings grow as analysts expect, today's price would be 8.3x next year's earnings, in its cheap range.
MGA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect MGA's earnings to grow and its profitability to improve, with its revenue holding steady.
MGA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.53 | +179% |
| Q2 2026 | $2.70 | -37% |
| Q1 2026 | $2.38 | -41% |
| Q4 2025 | $2.95 | -16% |
| Q3 2025 | $3.66 | -2.1% |
| Q2 2025 | $4.26 | +24% |
| Q1 2025 | $4.00 | +14% |
| Q4 2024 | $3.51 | -17% |
| Q3 2024 | $3.74 | +3.6% |
MGA's earnings per share have fallen from their peak: $2.70 over the past year, against $7.23 in mid-2021.
MGA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $10.7B | +0.7% |
| Q1 2026 | $10.2B | +1.7% |
| Q4 2025 | $11B | +3.6% |
| Q3 2025 | $10.5B | +1.8% |
| Q2 2025 | $10.6B | -3% |
| Q1 2025 | $10.1B | -8.2% |
| Q4 2024 | $10.6B | +1.7% |
| Q3 2024 | $10.3B | -3.8% |
MGA's revenue grew through 2023 and has held roughly level since: $10.7B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 5.6% | +0.7 points |
| Q1 2026 | 4.3% | +1.2 points |
| Q4 2025 | 6.8% | +1 points |
| Q3 2025 | 9.2% | +3.8 points |
| Q2 2025 | 4.9% | 0 points |
| Q1 2025 | 3.1% | -0.6 points |
| Q4 2024 | 5.8% | +0.8 points |
| Q3 2024 | 5.4% | +5.4 points |
MGA's operating margin was 5.6% last quarter, up 0.7 points from the same quarter a year ago.
MGA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $654M | +72% |
| Q1 2026 | $458M | +$649M |
| Q4 2025 | $1.5B | +21% |
| Q3 2025 | $645M | +157% |
| Q2 2025 | $381M | +61% |
| Q1 2025 | -$191M | +$41M |
| Q4 2024 | $1.2B | +89% |
| Q3 2024 | $251M | +74% |
MGA generated $3.2B in free cash flow over the past year, up 95% from the year before.
MGA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -4.9M shares |
| 1 year | -3% | -8.5M shares |
| 3 years | -4.6% | -13.1M shares |
| 5 years | -10% | -30.4M shares |
| Available history | -12% | -37.5M shares |
MGA has 273M diluted shares, down 3% from a year ago, with $991M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $465M |
| Q1 2026 | $440M |
| Q4 2025 | $86M |
| Q3 2025 | — |
| Q2 2025 | $961,376 |
| Q1 2025 | $51M |
| Q4 2024 | $202M |
| Q3 2024 | — |
MGA spent $991M buying back its own shares over the past year, about four times what it spent the year before.
MGA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.5x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.5x | Healthy |
| Q3 2024 | 1.9x | Healthy |
MGA's net debt is about 1.4 years of its operating earnings (EBITDA), down from 1.6 years a year ago.
MGA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.9 | Neutral |
| Stochastic | 10.9 | Oversold |
MGA's weekly RSI is 47 (neutral) and its Stochastic is 11 (oversold).
MGA PE vs Consumer Cyclical Sector
| Metric | MGA | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 18x | 28% above |
| PE % | 70 | 47 | 23 pts above |
MGA is trading at 23x earnings, a 28% premium to the Consumer Cyclical sector's median of 18x.
MGA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $64.0 | 2.5% below |
| 20 week MA | $65.9 | 5.3% below |
| 50 week MA | $61.6 | 1.2% above |
| 100 week MA | $51.2 | 22% above |
| 200 week MA | $51.2 | 22% above |
MGA has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 22% above its 200-week average.
MGA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.3 | $70.6 | +28% |
| 2021 | $70.6 | $79.5 | +13% |
| 2022 | $79.5 | $55.5 | -30% |
| 2023 | $55.5 | $59.1 | +6.5% |
| 2024 | $59.1 | $42.2 | -29% |
| 2025 | $42.2 | $54.0 | +28% |
| 2026 YTD | $54.0 | $62.4 | +16% |
MGA has finished higher in four of the last six years. It's up 16% so far in 2026.