Vision 2020Linamar's original goal was $10 Billion CAD in sales by 2020. Although later than anticipated, I expect that goal to be achieved by the end of 2024. Mobility segment is under earning. When that returns to historical range the company will be earning $800 million. $13 per share. Target price is $105-$135.
Industrial and Agriculture segment is 30% of sales and 60% of earnings. Competitors in this segment trade at much higher multiples. Undervalued company with low debt compared to automotive peers. 35% insider ownership.
Should trade at 6 X EV/EBITDA. Currently trades at 4 X.
Cheap.