Upcoming Dividend • Jun 25
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Ildefonso Guajardo Villarreal was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 25
Martinrea International Inc. to Report Q1, 2026 Results on Apr 30, 2026 Martinrea International Inc. announced that they will report Q1, 2026 results at 4:30 PM, US Eastern Standard Time on Apr 30, 2026 Announcement • Apr 01
Martinrea International Inc., Annual General Meeting, Jun 09, 2026 Martinrea International Inc., Annual General Meeting, Jun 09, 2026. Location: ontario, vaughan Canada Announcement • Feb 27
Martinrea International Inc. to Report Q4, 2025 Results on Mar 05, 2026 Martinrea International Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Mar 05, 2026 Announcement • Nov 05
Martinrea International Inc. to Report Q3, 2025 Results on Nov 11, 2025 Martinrea International Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 11, 2025 Announcement • Oct 21
Martinrea International Inc. (TSX:MRE) acquired Assets of Lyseon North America Inc. Martinrea International Inc. (TSX:MRE) acquired Assets of Lyseon North America Inc. on October 20, 2025. The acquisition includes a plant operated by Lyseon North America in Tulsa, Oklahoma. Martinrea International will continue to operate the business in Tulsa.
Martinrea International Inc. (TSX:MRE) completed the acquisition of Assets of Lyseon North America Inc. on October 20, 2025. Announcement • Aug 13
Martinrea International Inc. Declares Quarterly Cash Dividend, Payable on or About October 15, 2025 A cash dividend of $0.05 per share has been declared by the Board of Directors of Martinrea International Inc. payable to shareholders of record on September 30, 2025, on or about October 15, 2025. Announcement • Aug 06
Martinrea International Inc. to Report Q2, 2025 Results on Aug 12, 2025 Martinrea International Inc. announced that they will report Q2, 2025 results After-Market on Aug 12, 2025 Announcement • Jun 13
Martinrea International Inc. Elects Ildefonso Guajardo Villarreal as Director Martinrea International Inc. at its annual general meeting held on June 11, 2025, approved to elect Ildefonso Guajardo Villarreal as director. Announcement • May 02
Martinrea International Inc. Declares Cash Dividend, Payable on or About July 15, 2025 Martinrea International Inc. declared cash dividend of $0.05 per share has been declared by the Board of Directors payable to shareholders of record on June 30, 2025, on or about July 15, 2025. Announcement • Apr 25
Martinrea International Inc. to Report Q1, 2025 Results on May 01, 2025 Martinrea International Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 Announcement • Apr 15
Martinrea International Inc., Annual General Meeting, Jun 11, 2025 Martinrea International Inc., Annual General Meeting, Jun 11, 2025. Location: ontario, vaughan Canada Announcement • Feb 28
Martinrea International Inc. to Report Q4, 2024 Results on Mar 06, 2025 Martinrea International Inc. announced that they will report Q4, 2024 results After-Market on Mar 06, 2025 Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: CA$0.19 (vs CA$0.68 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.19 (down from CA$0.68 in 3Q 2023). Revenue: CA$1.24b (down 10% from 3Q 2023). Net income: CA$14.2m (down 74% from 3Q 2023). Profit margin: 1.1% (down from 3.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 13
Martinrea International Inc. Declares Cash Dividend, Payable on or About January 15, 2025 Martinrea International Inc. declared cash dividend of $0.05 per share by the Board of Directors payable to shareholders of record on December 31, 2024, on or about January 15, 2025. Announcement • Nov 05
Martinrea International Inc. to Report Q3, 2024 Results on Nov 12, 2024 Martinrea International Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%). Declared Dividend • Aug 12
Second quarter dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: CA$0.54 (vs CA$0.62 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.54 (down from CA$0.62 in 2Q 2023). Revenue: CA$1.30b (down 4.4% from 2Q 2023). Net income: CA$41.0m (down 18% from 2Q 2023). Profit margin: 3.1% (down from 3.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Martinrea International Inc. to Report Q2, 2024 Results on Aug 06, 2024 Martinrea International Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Announcement • Jun 16
Martinrea International Inc. Announces Chief Financial Officer Changes Martinrea International Inc. announced that Peter Cirulis has been appointed Chief Financial Officer of the Company effective July 1, 2024. Mr. Cirulis has been Martinrea’s Executive Vice President, Aluminum Group since 2018. Fred Di Tosto, current President and Chief Financial Officer, will retain his current responsibilities as President going forward. Mr. Cirulis, 56, has been an officer of Martinrea since 2018, most recently as EVP of the Aluminum Group and as the Commercial Lead of the Lightweight Structures Group. Prior to joining Martinrea, Mr. Cirulis was with Dana Incorporated nearly nine years, in a variety of roles, including as Vice President, Customer Experience, Strategy and Product Planning for the Aftermarket Group; Vice President of Finance and Operational Excellence for the Commercial Vehicle Division; Vice President, Global Business Development for the Light Vehicle Division and President, Europe and South Africa Region based in Zurich, Switzerland. Prior to joining Dana in 2010, Peter spent more than a decade at Robert Bosch in a variety of financial leadership roles, in Germany and the US. In his last role, he served as Vice President, Finance and Controlling for the Powertrain Division. Mr. Cirulis holds a MBA in international finance from the University of South Carolina, Darla Moore School of Business and a Bachelor of Arts in Economics from Kalamazoo College. Declared Dividend • May 08
First quarter dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: CA$0.56 (vs CA$0.60 in 1Q 2023) First quarter 2024 results: EPS: CA$0.56 (down from CA$0.60 in 1Q 2023). Revenue: CA$1.32b (up 1.5% from 1Q 2023). Net income: CA$43.7m (down 9.4% from 1Q 2023). Profit margin: 3.3% (down from 3.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Martinrea International Inc. to Report Q1, 2024 Results on May 02, 2024 Martinrea International Inc. announced that they will report Q1, 2024 results After-Market on May 02, 2024 Announcement • Apr 13
Martinrea International Inc., Annual General Meeting, Jun 12, 2024 Martinrea International Inc., Annual General Meeting, Jun 12, 2024. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Maureen Midgley was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Mar 13
CEO & Director recently bought €180k worth of stock On the 8th of March, Frank D'Eramo bought around 22k shares on-market at roughly €8.11 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Frank has been a buyer over the last 12 months, purchasing a net total of €235k worth in shares. Declared Dividend • Mar 11
Fourth quarter dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 61% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €7.85, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Auto Components industry in Germany. Total loss to shareholders of 11% over the past three years. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: CA$1.93 (vs CA$1.65 in FY 2022) Full year 2023 results: EPS: CA$1.93 (up from CA$1.65 in FY 2022). Revenue: CA$5.34b (up 12% from FY 2022). Net income: CA$153.7m (up 16% from FY 2022). Profit margin: 2.9% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 23
Martinrea International Inc. to Report Q4, 2023 Results on Feb 29, 2024 Martinrea International Inc. announced that they will report Q4, 2023 results After-Market on Feb 29, 2024 Announcement • Jan 08
Martinrea International Inc. Appoints Fred Di Tosto as President Martinrea International Inc. announced that Fred Di Tosto has been appointed President of the Company. Mr. Di Tosto has been Martinrea’s Chief Financial Officer since 2011 and has previously held the role of EVP of its Flexible Manufacturing Group. He will assume more executive leadership of Martinrea’s operating groups, reporting to CEO Pat D’Eramo, who continues as CEO and as a member of the Company’s board of directors. In his new position, Mr. Di Tosto will retain his current responsibilities as CFO. Mr. Di Tosto, 48, has been an officer of Martinrea since 2010, and CFO since 2011. He has held other roles at Martinrea in addition to CFO, including EVP, Flexible Manufacturing Group, and most recently as EVP, Corporate Strategy. Prior to joining Martinrea, Mr. Di Tosto was with KPMG LLP where he served various multinational companies, including Martinrea. Mr. Di Tosto has a Bachelor’s Degree in Mathematics for Commerce from York University and is a Chartered Accountant by designation. He is the past Chairman of the Auto Parts Manufacturers Association, currently still serving as a member of its Board of Directors, and has been involved in many industry initiatives. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.05 per share at 1.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: CA$0.68 (vs CA$0.45 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.68 (up from CA$0.45 in 3Q 2022). Revenue: CA$1.38b (up 16% from 3Q 2022). Net income: CA$53.7m (up 50% from 3Q 2022). Profit margin: 3.9% (up from 3.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risk High level of debt (66% net debt to equity). Announcement • Nov 09
Martinrea International Inc. Declares Quarterly Cash Dividend, Payable on or About January 15, 2024 A cash dividend of $0.05 per share has been declared by the Board of Directors of Martinrea International Inc. payable to shareholders of record on December 31, 2023, on or about January 15, 2024. Announcement • Nov 02
Martinrea International Inc. to Report Q3, 2023 Results on Nov 08, 2023 Martinrea International Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.05 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 October 2023. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.6%). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CA$0.62 (vs CA$0.32 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.62 (up from CA$0.32 in 2Q 2022). Revenue: CA$1.36b (up 22% from 2Q 2022). Net income: CA$49.9m (up 96% from 2Q 2022). Profit margin: 3.7% (up from 2.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Martinrea International Inc. to Report Q2, 2023 Results on Aug 09, 2023 Martinrea International Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.05 per share at 1.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 15 July 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.5%). Recent Insider Transactions • May 23
Insider recently bought €69k worth of stock On the 17th of May, Lawrence Paine bought around 8k shares on-market at roughly €8.38 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €141k. Insiders have collectively bought €769k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 11
Chief Financial Officer recently bought €68k worth of stock On the 9th of May, Fred Di Tosto bought around 8k shares on-market at roughly €8.46 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €141k. This was Fred's only on-market trade for the last 12 months. Reported Earnings • May 07
First quarter 2023 earnings released: EPS: CA$0.60 (vs CA$0.31 in 1Q 2022) First quarter 2023 results: EPS: CA$0.60 (up from CA$0.31 in 1Q 2022). Revenue: CA$1.30b (up 13% from 1Q 2022). Net income: CA$48.2m (up 91% from 1Q 2022). Profit margin: 3.7% (up from 2.2% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 26
Insider recently bought €92k worth of stock On the 23rd of March, Alfredo Alonso bought around 10k shares on-market at roughly €9.18 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €141k. Insiders have collectively bought €559k more in shares than they have sold in the last 12 months. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.05 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 15 April 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.5%). Recent Insider Transactions • Mar 17
President recently bought €141k worth of stock On the 13th of March, Frank D'Eramo bought around 15k shares on-market at roughly €9.37 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Frank's only on-market trade for the last 12 months. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: CA$1.65 (vs CA$0.45 in FY 2021) Full year 2022 results: EPS: CA$1.65 (up from CA$0.45 in FY 2021). Revenue: CA$4.76b (up 26% from FY 2021). Net income: CA$132.8m (up 270% from FY 2021). Profit margin: 2.8% (up from 0.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €7.15, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Auto Components industry in Germany. Total loss to shareholders of 24% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 15 January 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Dec 10
Executive Chairman of the Board recently bought €70k worth of stock On the 7th of December, Robert Wildeboer bought around 9k shares on-market at roughly €8.29 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of €143k worth in shares. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Ed Waitzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 20% share price gain to €7.95, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Auto Components industry in Germany. Total returns to shareholders of 6.6% over the past three years. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: CA$0.45 (vs CA$0.21 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.45 (up from CA$0.21 loss in 3Q 2021). Revenue: CA$1.19b (up 41% from 3Q 2021). Net income: CA$35.9m (up CA$53.1m from 3Q 2021). Profit margin: 3.0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Oct 27
Martinrea International Inc. to Report Q3, 2022 Results on Nov 01, 2022 Martinrea International Inc. announced that they will report Q3, 2022 results on Nov 01, 2022 Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 28 September 2022. Payment date: 15 October 2022. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 17% share price gain to €8.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Auto Components industry in Germany. Total returns to shareholders of 31% over the past three years. Announcement • Aug 10
Martinrea International Inc. Provides Earning Guidance for the Third Quarter of 2022 Martinrea International Inc. provided earning guidance for the third quarter of 2022. The company expects Third Quarter financial results to be better than Second Quarter results as the supply chain bottlenecks improve, launch activity normalizes, and the company drive further cost recoveries through commercial negotiations. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: CA$0.32 (vs CA$0.30 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.32 (up from CA$0.30 in 2Q 2021). Revenue: CA$1.11b (up 26% from 2Q 2021). Net income: CA$25.5m (up 6.3% from 2Q 2021). Profit margin: 2.3% (down from 2.7% in 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 03
Martinrea International Inc. to Report Q2, 2022 Results on Aug 08, 2022 Martinrea International Inc. announced that they will report Q2, 2022 results After-Market on Aug 08, 2022 Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Ed Waitzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Ed Waitzer was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.4%). Reported Earnings • May 07
First quarter 2022 earnings released: EPS: CA$0.31 (vs CA$0.48 in 1Q 2021) First quarter 2022 results: EPS: CA$0.31 (down from CA$0.48 in 1Q 2021). Revenue: CA$1.16b (up 16% from 1Q 2021). Net income: CA$25.2m (down 35% from 1Q 2021). Profit margin: 2.2% (down from 3.9% in 1Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 09
Martinrea International Inc., Annual General Meeting, Jun 07, 2022 Martinrea International Inc., Annual General Meeting, Jun 07, 2022. Upcoming Dividend • Mar 23
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 15 April 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.4%). Recent Insider Transactions • Mar 10
Insider recently bought €63k worth of stock On the 8th of March, Armando Pagliari bought around 11k shares on-market at roughly €5.77 per share. In the last 3 months, there was an even bigger purchase from another insider worth €90k. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$0.45 (up from CA$0.34 loss in FY 2020). Revenue: CA$3.78b (up 12% from FY 2020). Net income: CA$35.9m (up CA$63.2m from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 9.1% compared to a 1.8% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Feb 25
Martinrea International Inc. to Report Q4, 2021 Results on Mar 03, 2022 Martinrea International Inc. announced that they will report Q4, 2021 results After-Market on Mar 03, 2022 Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €6.85, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Auto Components industry in Germany. Total loss to shareholders of 11% over the past three years. Recent Insider Transactions • Jan 07
Insider recently bought €70k worth of stock On the 31st of December, Michael Leal bought around 9k shares on-market at roughly €7.99 per share. In the last 3 months, there was an even bigger purchase from another insider worth €144k. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 24
Insider recently bought €90k worth of stock On the 21st of December, Robert Fairchild bought around 12k shares on-market at roughly €7.37 per share. In the last 3 months, there was an even bigger purchase from another insider worth €144k. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Upcoming Dividend • Dec 23
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 17 January 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.0%). Recent Insider Transactions • Nov 12
Independent Director recently bought €76k worth of stock On the 10th of November, David Schoch bought around 10k shares on-market at roughly €7.57 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.0m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 06
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CA$848.5m (down 13% from 3Q 2020). Net loss: CA$17.1m (down 138% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. 