Post by
Jonathan9 on Aug 26, 2023 10:44pm
Vision 2020
Linamar'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.
Comment by
Jonathan9 on Aug 27, 2023 9:42pm
Dura Shiloh battery tray plants acquisition will add 425 million CAD in annual sales and is supposed to be accretive to earnings. Closed August 3rd. Q3 will include 2 months of sales and earnings.
Comment by
Jonathan9 on Oct 03, 2023 9:19pm
Mobex will add $ annual sales? Linamar acquiring cheap assets. $10 Billion in sales insight. Need to fix mobility margins. Ag & Industrial performing well. Short term pressure. Excellent balance sheet. More diverse than automotive peers.
Comment by
Jonathan9 on Oct 19, 2023 12:23pm
From presentation online it looks like annual sales are $450 million CAD. Close this Quarter.