Uncovering Dividend Opportunities with MAGNA INTERNATIONAL INC (NYSE:MGA).

MAGNA INTERNATIONAL INC (NYSE:MGA) has caught the attention of dividend investors as a stock worth considering. NYSE:MGA excels in profitability, solvency, and liquidity, all while providing a decent dividend. Let's delve into the details.

Unpacking NYSE:MGA's Dividend Rating

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. NYSE:MGA has achieved a 8 out of 10:

• MGA has a Yearly Dividend Yield of 4.61%, which is a nice return.
• Compared to an average industry Dividend Yield of 4.16, MGA pays a better dividend. On top of this MGA pays more dividend than 97.67% of the companies listed in the same industry.
• Compared to an average S&P500 Dividend Yield of 2.30, MGA pays a better dividend.
• MGA has paid a dividend for at least 10 years, which is a reliable track record.
• MGA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
• The dividend of MGA is growing, but earnings are growing more, so the dividend growth is sustainable.

Unpacking NYSE:MGA's Health Rating

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:MGA has earned a 5 out of 10:

• Looking at the Altman-Z score, with a value of 2.38, MGA is in the better half of the industry, outperforming 65.12% of the companies in the same industry.
• MGA has a debt to FCF ratio of 3.51. This is a good value and a sign of high solvency as MGA would need 3.51 years to pay back of all of its debts.
• MGA has a Debt to FCF ratio of 3.51. This is amongst the best in the industry. MGA outperforms 81.40% of its industry peers.
• A Debt/Equity ratio of 0.38 indicates that MGA is not too dependend on debt financing.
• MGA has a Debt to Equity ratio of 0.38. This is in the better half of the industry: MGA outperforms 60.47% of its industry peers.

Profitability Analysis for NYSE:MGA

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:MGA has achieved a 5:

• With a decent Return On Assets value of 3.25%, MGA is doing good in the industry, outperforming 65.12% of the companies in the same industry.
• With a decent Return On Equity value of 8.76%, MGA is doing good in the industry, outperforming 69.77% of the companies in the same industry.
• MGA has a Return On Invested Capital of 8.06%. This is in the better half of the industry: MGA outperforms 69.77% of its industry peers.
• The 3 year average ROIC (7.69%) for MGA is below the current ROIC(8.06%), indicating increased profibility in the last year.
• With a decent Profit Margin value of 2.36%, MGA is doing good in the industry, outperforming 60.47% of the companies in the same industry.

More Best Dividend stocks can be found in our Best Dividend screener.

Check the latest full fundamental report of MGA for a complete fundamental analysis.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.