00:36:28 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 383,354,375
Close 2016-12-05 C$ 56.53
Market Cap C$ 21,671,022,819
Recent Sedar Documents

Globe says Canfor, others are trading at a discount

2016-12-06 08:11 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail attempts to identify Canadian growth companies creating wealth for their shareholders and trading at a discount in its Tuesday, Dec. 6, edition. The Globe's Jean-Didier LaPointe writes in the Number Cruncher column that he looked at about 1,500 stocks, picking only companies with a market capitalization of $1-billion or greater. He looked for 12-month growth in revenue of 10 per cent or greater. Mr. LaPointe only considered companies with 24-month revenue growth of 20 per cent or greater. His picks needed to have an economic performance index, or EPI (return on capital divided by cost of capital), of at least 1. An EPI ratio of 1 or more indicates a company's capacity to create wealth for its shareholders. As well, Mr. LaPointe looked for return on capital of 10 per cent or greater. Finally, he considered negative future growth value (FGV), which shows the portion of the total market value that exceeds the company's current operating value, indicating the level of risk. Canadian growth companies that offer value, according to Mr. LaPointe's figuring, are Canfor, Magna International, Sun Life Financial, Power Financial and New Flyer Industries.

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