Magna International Inc (FRA:MGA)

€ 40.43 -0.22 (-0.54%) Market Cap: 11.63 Bil Enterprise Value: 18.26 Bil PE Ratio: 11.98 PB Ratio: 1.05 GF Score: 75/100

Magna International Inc at Bank of America Merrill Lynch Global Automotive Summit (Virtual) Transcript

May 15, 2020 / 02:30PM GMT

Release Date Price: €34.29 (+5.62%)

Transcript

John Joseph Murphy

BofA Merrill Lynch, Research Division - MD and Lead United States Auto Analyst

Well, thanks, everybody, for joining us for the next session with Magna. Magna is one of the top suppliers in the world, #2 or 3 depending on the year. Magna remains one of our favorite stocks because it delivers class-leading technology in many parts of the vehicle, above-market growth and maintains an extreme focus on returns and on cash flow that has driven a stalwart balance sheet, it positions it to be an opportunistic, we think, consolidator over time.

Unfortunately, stock is -- [does not crisis in]. So it's always why it's been historically one of our favorite names. Hopefully, over time, as we get through this crisis, people will understand the strength of the company.

Today, we're very happy to have Don Walker, the Chief Executive Officer; Vince Galifi, Chief Financial Officer; Louis Tonelli, Vice President, Investor Relations. Louis wears a lot of hats beyond Investor Relations, and is very helpful to us in understanding Magna.

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