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Martinrea International Inc.TSX:MRE Stock Report

Market Cap CA$736.7m
Share Price
CA$10.47
CA$15.2
31.1% undervalued intrinsic discount
1Y25.2%
7D-5.2%
1D
Portfolio Value
View

Martinrea International Inc.

TSX:MRE Stock Report

Market Cap: CA$736.7m

Martinrea International (MRE) Stock Overview

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally. More details

MRE fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance2/6
Financial Health5/6
Dividends5/6

MRE Community Fair Values

Create Narrative

See what 55 others think this stock is worth. Follow their fair value or set your own to get alerts.

Martinrea International Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Martinrea International
Historical stock prices
Current Share PriceCA$10.47
52 Week HighCA$11.72
52 Week LowCA$8.16
Beta1.86
1 Month Change0.96%
3 Month Change11.74%
1 Year Change25.24%
3 Year Change-22.44%
5 Year Change-21.34%
Change since IPO179.20%

Recent News & Updates

Narrative Update Jun 08

MRE: Share Buybacks And Steady Fundamentals Will Drive Future Upside Repricing

Analysts have kept their CA$15.20 price target for Martinrea International steady, citing only minor model tweaks in the discount rate, revenue growth, profit margin assumptions and future P/E that do not materially alter their overall view of the stock. What's in the News The Board of Directors authorized a new share buyback plan for Martinrea International Inc.
Narrative Update May 25

MRE: Medium Term Execution And Buybacks Will Support Future Upside Repricing

Analysts have adjusted their average price target on Martinrea to around CA$13.75, reflecting a mix of views as one firm lowered its target to CA$12.50 while another lifted its target to CA$15, citing updated assumptions on growth, profitability and valuation multiples. Analyst Commentary Recent research shows a split in how bullish analysts frame Martinrea International, but the common thread is that they still see upside potential from current levels, even as they fine tune their models.
Narrative Update May 08

MRE: Medium Term Execution And Buybacks Will Support Future Share Repricing

Narrative Update The revised analyst price target for Martinrea International now stands at CA$15.20, reflecting a modest upward adjustment supported by slightly higher modeled revenue growth and profit margins, a somewhat lower discount rate, and a modestly lower assumed future P/E, even as recent Street targets have moved in different directions between CA$12.50 and CA$15.00. Analyst Commentary Recent Street research on Martinrea International shows a mix of cautious and constructive views on upside potential for the stock price.
Narrative Update Apr 20

MRE: Future Returns Will Balance Long Term Sales Plans And Execution Risks

Analysts have made only a modest adjustment to Martinrea International's outlook, with recent Street research showing price targets shifting to a range of CA$12.50 to CA$15.00. These revisions reflect small changes to the discount rate, revenue growth, margin expectations and the assumed future P/E.

Recent updates

Narrative Update Jun 08

MRE: Share Buybacks And Steady Fundamentals Will Drive Future Upside Repricing

Analysts have kept their CA$15.20 price target for Martinrea International steady, citing only minor model tweaks in the discount rate, revenue growth, profit margin assumptions and future P/E that do not materially alter their overall view of the stock. What's in the News The Board of Directors authorized a new share buyback plan for Martinrea International Inc.
Narrative Update May 25

MRE: Medium Term Execution And Buybacks Will Support Future Upside Repricing

Analysts have adjusted their average price target on Martinrea to around CA$13.75, reflecting a mix of views as one firm lowered its target to CA$12.50 while another lifted its target to CA$15, citing updated assumptions on growth, profitability and valuation multiples. Analyst Commentary Recent research shows a split in how bullish analysts frame Martinrea International, but the common thread is that they still see upside potential from current levels, even as they fine tune their models.
Narrative Update May 08

MRE: Medium Term Execution And Buybacks Will Support Future Share Repricing

Narrative Update The revised analyst price target for Martinrea International now stands at CA$15.20, reflecting a modest upward adjustment supported by slightly higher modeled revenue growth and profit margins, a somewhat lower discount rate, and a modestly lower assumed future P/E, even as recent Street targets have moved in different directions between CA$12.50 and CA$15.00. Analyst Commentary Recent Street research on Martinrea International shows a mix of cautious and constructive views on upside potential for the stock price.
Narrative Update Apr 20

MRE: Future Returns Will Balance Long Term Sales Plans And Execution Risks

Analysts have made only a modest adjustment to Martinrea International's outlook, with recent Street research showing price targets shifting to a range of CA$12.50 to CA$15.00. These revisions reflect small changes to the discount rate, revenue growth, margin expectations and the assumed future P/E.
Narrative Update Apr 05

MRE: Future Returns Will Reflect Long Term Sales Guidance Confidence

Analysts have nudged the fair value estimate for Martinrea International down to CA$10.50 from CA$11.00, reflecting a mix of slightly higher discount rate assumptions and updated Street targets that now range from CA$12.50 to CA$15.00. Analyst Commentary Street targets for Martinrea International now cluster in the CA$12.50 to CA$15.00 range, which sits above the updated fair value estimate of CA$10.50.
Narrative Update Mar 22

MRE: Medium Term Sales Outlook And Buybacks Will Support Share Repricing

Analysts have made only a modest adjustment to their view on Martinrea International, with the blended price target moving slightly toward TD Securities' CA$15 level from CIBC's reduced CA$12.50 target. This reflects updated assumptions on discount rate, revenue growth, profit margin and future P/E.
Narrative Update Mar 07

MRE: Higher Revenue Visibility To 2028 Will Support Stronger Share Repricing

Analysts have adjusted their fair value estimate for Martinrea International to CA$15 from CA$14, reflecting updated views on revenue growth, profit margins, and future P/E assumptions, alongside mixed Street targets of CA$15 and CA$12.50. Analyst Commentary Street research on Martinrea International currently reflects a split but generally constructive tone, with bullish analysts lifting their targets while others take a more conservative stance.
Narrative Update Jan 12

MRE: Future Outlook Will Reflect Stable Earnings Guidance And Balanced Risk Profile

Analysts have revised their price target on Martinrea International to $11.00 per share, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News Martinrea International maintained its 2025 earnings guidance, with total sales projected in a range of $4.8b to $5.1b.
Narrative Update Dec 26

MRE: Future Outlook Will Reflect Stable Earnings And Balanced Risk Profile

Analysts have modestly revised their price target on Martinrea International upward to 11.00 dollars from 11.00 dollars, reflecting slightly higher expectations for revenue growth and profit margins despite a marginally higher discount rate and a lower assumed future P E multiple. What's in the News Martinrea International Inc.
Narrative Update Dec 12

MRE: Future Outlook Will Balance Stronger Earnings With Modest Risk Profile

Analysts have raised their price target on Martinrea International from approximately 9.00 dollars to 11.00 dollars, reflecting expectations for stronger revenue growth, improving profit margins, and a modest re rating of the company’s future price to earnings multiple, despite a slightly higher assumed discount rate. What's in the News Maintained 2025 earnings guidance and reaffirmed a total sales outlook of $4.8 to $5.1 billion (company guidance) Reported no share repurchases between July 1 and September 30, 2025, effectively completing a previously announced buyback program without deploying capital (company filing) Valuation Changes Fair Value Estimate increased from CA$9.00 to CA$11.00, implying a modest upward re rating of Martinrea International’s intrinsic value.
Analysis Article Nov 16

Martinrea International (TSE:MRE) Has Affirmed Its Dividend Of CA$0.05

Martinrea International Inc. ( TSE:MRE ) will pay a dividend of CA$0.05 on the 15th of January. The dividend yield is...
Analysis Article Sep 03

Martinrea International Inc.'s (TSE:MRE) 25% Share Price Surge Not Quite Adding Up

The Martinrea International Inc. ( TSE:MRE ) share price has done very well over the last month, posting an excellent...
Narrative Update Aug 26

USMCA Rules And Electrification Will Fuel North American Automotive Evolution

Despite a notable reduction in consensus revenue growth expectations, a higher projected future P/E ratio has driven the consensus analyst price target for Martinrea International up from CA$11.75 to CA$12.35. What's in the News Martinrea International reaffirmed its 2025 earnings guidance, maintaining projected total sales between $4.8 billion and $5.1 billion.
Analysis Article Aug 17

Martinrea International (TSE:MRE) Has Announced A Dividend Of CA$0.05

The board of Martinrea International Inc. ( TSE:MRE ) has announced that it will pay a dividend of CA$0.05 per share on...
Analysis Article Jun 13

Martinrea International (TSE:MRE) Has Affirmed Its Dividend Of CA$0.05

The board of Martinrea International Inc. ( TSE:MRE ) has announced that it will pay a dividend on the 15th of July...
Analysis Article May 20

Martinrea International (TSE:MRE) Is Paying Out A Dividend Of CA$0.05

Martinrea International Inc.'s ( TSE:MRE ) investors are due to receive a payment of CA$0.05 per share on 15th of July...
Analysis Article May 05

There's Reason For Concern Over Martinrea International Inc.'s (TSE:MRE) Price

There wouldn't be many who think Martinrea International Inc.'s ( TSE:MRE ) price-to-sales (or "P/S") ratio of 0.1x is...
Analysis Article May 05

Martinrea International (TSE:MRE) Is Due To Pay A Dividend Of CA$0.05

Martinrea International Inc. ( TSE:MRE ) has announced that it will pay a dividend of CA$0.05 per share on the 15th of...
User avatar
New Narrative Feb 18

Machine Learning And MiND Initiatives Will Improve Future Operational Efficiency And Safety

Implementing machine learning and leveraging innovation initiatives are projected to improve operational efficiency, reduce costs, and enhance net margins.
Analysis Article Dec 17

Market Still Lacking Some Conviction On Martinrea International Inc. (TSE:MRE)

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 15x, you may consider...
Analysis Article Nov 14

Slowing Rates Of Return At Martinrea International (TSE:MRE) Leave Little Room For Excitement

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Analysis Article Aug 12

Martinrea International (TSE:MRE) Will Pay A Dividend Of CA$0.05

Martinrea International Inc. ( TSE:MRE ) has announced that it will pay a dividend of CA$0.05 per share on the 15th of...
Analysis Article Jun 14

Martinrea International (TSE:MRE) Will Pay A Dividend Of CA$0.05

The board of Martinrea International Inc. ( TSE:MRE ) has announced that it will pay a dividend of CA$0.05 per share on...
Analysis Article May 14

Martinrea International (TSE:MRE) Is Due To Pay A Dividend Of CA$0.05

Martinrea International Inc. ( TSE:MRE ) will pay a dividend of CA$0.05 on the 15th of July. This payment means the...
Analysis Article May 09

Martinrea International's (TSE:MRE) Soft Earnings Are Actually Better Than They Appear

The market for Martinrea International Inc.'s ( TSE:MRE ) shares didn't move much after it posted weak earnings...
Analysis Article Mar 05

Martinrea International (TSE:MRE) Is Paying Out A Dividend Of CA$0.05

Martinrea International Inc. ( TSE:MRE ) has announced that it will pay a dividend of CA$0.05 per share on the 15th of...
Analysis Article Mar 03

We Think Martinrea International (TSE:MRE) Is Taking Some Risk With Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

MRECA Auto ComponentsCA Market
7D-5.2%-0.03%1.4%
1Y25.2%75.0%31.6%

Return vs Industry: MRE underperformed the Canadian Auto Components industry which returned 75% over the past year.

Return vs Market: MRE underperformed the Canadian Market which returned 31.6% over the past year.

Price Volatility

Is MRE's price volatile compared to industry and market?
MRE volatility
MRE Average Weekly Movement5.0%
Auto Components Industry Average Movement6.7%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.5%
10% least volatile stocks in CA Market3.7%

Stable Share Price: MRE has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MRE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198716,000Pat D'Eramowww.martinrea.com

Martinrea International Inc. engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for the automotive sector in North America, Europe, and internationally. The company offers lightweight structure products, including complex assemblies, body structures, exterior trims, trailer hitches, and chassis. It also provides graphene and nylon-coated brake lines, fluid and thermal products, powertrain solutions, and e-mobility solutions.

Martinrea International Inc. Fundamentals Summary

How do Martinrea International's earnings and revenue compare to its market cap?
MRE fundamental statistics
Market capCA$736.66m
Earnings (TTM)CA$117.37m
Revenue (TTM)CA$4.78b
6.3x
P/E Ratio
0.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MRE income statement (TTM)
RevenueCA$4.78b
Cost of RevenueCA$3.86b
Gross ProfitCA$922.24m
Other ExpensesCA$804.87m
EarningsCA$117.37m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.67
Gross Margin19.30%
Net Profit Margin2.46%
Debt/Equity Ratio61.3%

How did MRE perform over the long term?

See historical performance and comparison

Dividends

1.9%
Current Dividend Yield
12%
Payout Ratio

Does MRE pay a reliable dividends?

See MRE dividend history and benchmarks
When do you need to buy MRE by to receive an upcoming dividend?
Martinrea International dividend dates
Ex Dividend DateJun 30 2026
Dividend Pay DateJul 15 2026
Days until Ex dividend14 days
Days until Dividend pay date29 days

Does MRE pay a reliable dividends?

See MRE dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 16:43
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Martinrea International Inc. is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David OcampoATB Cormark Historical (Cormark Securities)
Etienne RicardBMO Capital Markets Equity Research
David TyermanCanaccord Genuity