Linamar (TSE:LNR) First Quarter 2024 Results
Key Financial Results
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Revenue: CA$2.72b (up 19% from 1Q 2023).
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Net income: CA$178.5m (up 53% from 1Q 2023).
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Profit margin: 6.6% (up from 5.1% in 1Q 2023). The increase in margin was driven by higher revenue.
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EPS: CA$2.90 (up from CA$1.90 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Linamar Earnings Insights
Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Auto Components industry in North America.
Performance of the market in Canada.
The company’s shares are up 9.0% from a week ago.
Valuation
Our analysis of these results suggests Linamar may be undervalued based on 6 important criteria we look at. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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