Martinrea International
Market Cap
CA$991.5m
Last Updated
2021/07/28 23:03 UTC
Data Sources
Company Financials +
Executive Summary
Martinrea International Inc. designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Martinrea International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRE is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MRE's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.8%
MRE
-5.3%
CA Auto Components
1.2%
CA Market
1 Year Return
19.4%
MRE
61.1%
CA Auto Components
27.8%
CA Market
Return vs Industry: MRE underperformed the Canadian Auto Components industry which returned 61.1% over the past year.
Return vs Market: MRE underperformed the Canadian Market which returned 27.8% over the past year.
Shareholder returns
| MRE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -5.3% | 1.2% |
| 30 Day | -6.0% | -11.7% | -1.5% |
| 90 Day | -10.9% | -14.8% | 2.1% |
| 1 Year | 21.4%19.4% | 64.7%61.1% | 31.7%27.8% |
| 3 Year | -7.0%-11.7% | 36.0%26.0% | 29.5%17.0% |
| 5 Year | 58.2%46.9% | 115.5%92.0% | 51.9%29.6% |
Long-Term Price Volatility Vs. Market
How volatile is Martinrea International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Why It Might Not Make Sense To Buy Martinrea International Inc. (TSE:MRE) For Its Upcoming Dividend1 month ago | Simply Wall St
Shareholders May Be Wary Of Increasing Martinrea International Inc.'s (TSE:MRE) CEO Compensation Package2 months ago | Simply Wall St
Tread With Caution Around Martinrea International Inc.'s (TSE:MRE) 1.5% Dividend YieldValuation
Is Martinrea International undervalued compared to its fair value and its price relative to the market?
0.84x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: MRE (CA$12.31) is trading above our estimate of fair value (CA$6.9)
Significantly Below Fair Value: MRE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MRE is unprofitable, so we can't compare its PE Ratio to the North American Auto Components industry average.
PE vs Market: MRE is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRE is good value based on its PB Ratio (0.8x) compared to the CA Auto Components industry average (1.8x).
Future Growth
How is Martinrea International forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
53.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: MRE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MRE's is expected to become profitable in the next 3 years.
Revenue vs Market: MRE's revenue (9.6% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: MRE's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MRE's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Martinrea International performed over the past 5 years?
-14.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRE is currently unprofitable.
Growing Profit Margin: MRE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MRE is unprofitable, and losses have increased over the past 5 years at a rate of 14.1% per year.
Accelerating Growth: Unable to compare MRE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MRE is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (39.8%).
Return on Equity
High ROE: MRE has a negative Return on Equity (-1.49%), as it is currently unprofitable.
Financial Health
How is Martinrea International's financial position?
Financial Position Analysis
Short Term Liabilities: MRE's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.1B).
Long Term Liabilities: MRE's short term assets (CA$1.4B) exceed its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: MRE's debt to equity ratio (73.8%) is considered high.
Reducing Debt: MRE's debt to equity ratio has reduced from 98.1% to 73.8% over the past 5 years.
Debt Coverage: MRE's debt is well covered by operating cash flow (37.9%).
Interest Coverage: MRE's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
Dividend
What is Martinrea International current dividend yield, its reliability and sustainability?
1.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MRE's dividend (1.62%) is higher than the bottom 25% of dividend payers in the Canadian market (1.58%).
High Dividend: MRE's dividend (1.62%) is low compared to the top 25% of dividend payers in the Canadian market (4.53%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MRE has been paying a dividend for less than 10 years.
Growing Dividend: MRE's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: MRE is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Pat D'Eramo (58 yo)
6.67yrs
Tenure
CA$3,087,474
Compensation
Mr. Frank Patrick D'Eramo also known as Pat, has been the Chief Executive Officer and President of Martinrea International Inc. since November 1, 2014. Mr. D'Eramo joined Martinrea on November 1, 2014. Mr....
CEO Compensation Analysis
Compensation vs Market: Pat's total compensation ($USD2.46M) is above average for companies of similar size in the Canadian market ($USD1.18M).
Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MRE's management team is considered experienced (4.1 years average tenure).
Board Members
Experienced Board: MRE's board of directors are considered experienced (6.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MRE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Martinrea International Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Martinrea International Inc.
- Ticker: MRE
- Exchange: TSX
- Founded: 1987
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: CA$991.545m
- Shares outstanding: 80.35m
- Website: https://www.martinrea.com
Number of Employees
Location
- Martinrea International Inc.
- 3210 Langstaff Road
- Vaughan
- Ontario
- L4K 5B2
- Canada
Listings
Biography
Martinrea International Inc. designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North Am...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/28 23:03 |
| End of Day Share Price | 2021/07/28 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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 here.