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 Q1 2026 delivered $10.4B in revenue — up 3.1% versus the same quarter a year ago. Net margin held at -0.1%. Shares currently trade at a trailing P/E of 27.6, EV/EBITDA of 5.6 and a 3.0% dividend yield. Analyst consensus leans buy (2.40/5).
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.