Magna
Magna
Showing 5 of 5 releases
Magna International Inc.
Magna was founded in 1957 by Frank Stronach, an Austrian-born tool-and-die maker who had emigrated to Canada in 1954. Initially a small parts shop, Magna grew through the 1960s and 70s by securing contracts with the Detroit Big Three. The Magna 'Fair Enterprise' employee profit-sharing model was unusual for the industry and became part of the corporate identity.
Magna's Q2 2026 delivered $11.0B in revenue — up 3.3% versus the same quarter a year ago. Net margin held at 4.3%. Shares currently trade at a trailing P/E of 23.5, EV/EBITDA of 5.2 and a 3.1% dividend yield. Analyst consensus leans hold (2.55/5).
Magna was founded in 1957 by Frank Stronach, an Austrian-born tool-and-die maker who had emigrated to Canada in 1954. Initially a small parts shop, Magna grew through the 1960s and 70s by securing contracts with the Detroit Big Three. The Magna 'Fair Enterprise' employee profit-sharing model was unusual for the industry and became part of the corporate identity.