17:25:17 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 394,241,482
Close 2016-07-18 C$ 49.33
Market Cap C$ 19,447,932,307
Recent Sedar Documents

Globe says Magna Int'l, others show strong performance

2016-07-19 06:30 ET - In the News

Also In the News (C-ATD) Alimentation Couche-Tard Inc
Also In the News (C-CIX) CI Financial Corp
Also In the News (C-CSU) Constellation Software Inc
Also In the News (C-GIL) Gildan Activewear Inc

The Globe and Mail attempts to identify Canadian companies showing strong economic performance as well as revenue growth, trading at least 10 per cent below their 52-week high in its Tuesday, July 19, edition. The Globe's Jean-Didier LaPointe writes in the Number Cruncher column that he screened all Canadian stocks covered by StockPointer (1,600) by looking at the following metrics: An upside potential between the stock price and its 52-week high of 10 per cent or greater; an economic performance index, or EPI (return on capital divided by cost of capital) above 1. An EPI ratio of 1 or more indicates a company's capacity to create wealth for its shareholders (a higher EPI displays a greater rate of wealth creation); a return on capital of 10 per cent or greater; a positive sales growth over the past 12 months; and an annualized dividend growth rate of 5 per cent or higher over one, two, three and four years. Canadian companies showing strong economic performance are Alimentation Couche-Tard, Magna International, Constellation Software, Gildan Activewear, CI Financial, Stella-Jones, Stantec, Enghouse Systems and Exco Technologies.

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