11:47:57 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 205,178,595
Close 2015-03-16 C$ 135.14
Market Cap C$ 27,727,835,328
Recent Sedar Documents

Globe says CGI, others are good at creating value

2015-03-17 08:02 ET - In the News

See In the News (C-GIB) CGI Group Inc

The Globe and Mail attempts to identify cheap, low-beta Canadian companies that offer value creating economic performance in its Tuesday, March 17, edition. The Globe's guest columnist Nick Winch writes in the Number Cruncher column that he searched for Canadian companies with a minimum market cap of $500-million. He only considered stocks with a beta of one or less. He also considered future growth value divided by market value (FGV/MV) of total capital. FGV/MV is a ratio that helps determine whether the stock is trading at a discount or premium to the current value of the company's operations. Mr. Winch filtered for a maximum premium of 25 per cent. He also looked for positive EVA (economic value added) growth over the past 12-month and 24-month periods. EVA is a measure of true economic profit created by a company. EVA is calculated by subtracting capital charges from the net operating profit after tax. Mr. Winch only considered companies with a return on capital above 10 per cent. Canadian stocks with value creating economic performance are CGI Group, Magna International, Exco Technologies, AutoCanada, Royal Bank of Canada and Open Text.

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