Martinrea International (MRE) Stock Price, News & Analysis

Company Overview

Martinrea International Inc. engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches. The company also provides engine blocks; transmission housings; graphene and nylon coated brake lines; fluid and thermal product, such as fuel filler pipes, brake lines, and thermal management components. In addition, the company offers flexible manufacturing products comprising front and rear suspension modules, front vertical corner modules, bus frame assemblies, structural parts and fabrications, and metallic tanks and reservoirs. The company was formerly known as Royal Laser Tech Corporation and changed its name to Martinrea International Inc. in June 2002. Martinrea International Inc. was incorporated in 1987 and is headquartered in Vaughan, Canada.

Key Stats

• Today's Range: C$10.95 to C$11.21
• 50-Day Range: C$10.30 to C$11.80
• 52-Week Range: C$10.05 to C$14.59
• Volume: 108,166 shs
• Average Volume: 151,882 shs
• Market Capitalization: C$826.65 million
• P/E Ratio: 6.10
• Dividend Yield: 1.81%
• Price Target: C$17.64
• Consensus Rating: Moderate Buy

Martinrea International Stock Analysis - MarketRank™

Martinrea International scored higher than 84% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Martinrea International has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Martinrea International has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Martinrea International is 6.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Martinrea International is 6.10, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 349.77.

Price to Earnings Growth Ratio

Martinrea International has a PEG Ratio of 0.82. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Martinrea International has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MRE.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Martinrea International pays a meaningful dividend of 1.77%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Martinrea International does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Martinrea International is 11.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MRE.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.20

News Sentiment

Martinrea International has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.33 average news sentiment score of Consumer Cyclical companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Martinrea International this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Martinrea International insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$16,155.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

11.31% of the stock of Martinrea International is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 16.55% of the stock of Martinrea International is held by institutions.

MRE Stock Analysis - Frequently Asked Questions

How have MRE shares performed this year?

Martinrea International's stock was trading at C$14.34 at the start of the year. Since then, MRE shares have decreased by 22.9% and is now trading at C$11.05.
View the best growth stocks for 2024 here.

How do I buy shares of Martinrea International?

Shares of MRE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of Martinrea International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Martinrea International investors own include Enbridge (ENB), Magna International (MG), Royal Bank of Canada (RY), Linamar (LNR), Toronto-Dominion Bank (TD), Air Canada (AC) and Whitecap Resources (WCP).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Today: 11/08/2024
• Next Earnings (Confirmed): 11/12/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Consumer Cyclical
• Industry: Auto Parts
• Sub-Industry: N/A
• Current Symbol: TSE:MRE
• CUSIP: N/A
• CIK: N/A
• Web: www.martinrea.com
• Phone: +1-416-7490314
• Fax: N/A
• Employees: 19,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$17.64
• High Stock Price Target: C$21.50
• Low Stock Price Target: C$14.50
• Potential Upside/Downside: +59.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.81
• Trailing P/E Ratio: 6.10
• Forward P/E Ratio: 4.42
• P/E Growth: 0.82
• Net Income: C$140.22 million
• Net Margins: 2.65%
• Pretax Margin: N/A
• Return on Equity: 9.43%
• Return on Assets: 4.49%

Debt

• Debt-to-Equity Ratio: 83.13
• Current Ratio: 1.25
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: C$5.30 billion
• Price / Sales: 0.16
• Cash Flow: C$1.80 per share
• Price / Cash Flow: 6.15
• Book Value: C$20.67 per share
• Price / Book: 0.53

Miscellaneous

• Outstanding Shares: 74,810,000
• Free Float: N/A
• Market Cap: C$826.65 million
• Optionable: Not Optionable
• Beta: 2.08