Linamar Corp

LNR-T

TSE:LNR

47.99
0.59 (1.24%)
Based in Guelph, Ontario, Linamar Corporation is Canada's second largest automobile parts manufacturer.
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Analysis and Opinions about LNR-T

Signal
Opinion
Expert
HOLD
HOLD
May 30, 2018

He owns it personally. He has a great admiration for management as it has been a strong manufacturer of quality parts internationally. The sector is facing headwinds due to the high rate of production relative to demand. He would continue to hold it.

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Linamar Corp (LNR-T)
May 30, 2018

He owns it personally. He has a great admiration for management as it has been a strong manufacturer of quality parts internationally. The sector is facing headwinds due to the high rate of production relative to demand. He would continue to hold it.

TOP PICK
TOP PICK
May 30, 2018

Cheap at 7x earnings. Well-managed and aggressive. They recently bought MacDon Industries, which increases their agricultural exposure. He sees 30-50% upside in the coming year if all goes well. LNR recently came off because of poor earnings, but the MacDon purchase meant starting a new business which hits your earnings. (Analysts' price target: $84.38)

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Linamar Corp (LNR-T)
May 30, 2018

Cheap at 7x earnings. Well-managed and aggressive. They recently bought MacDon Industries, which increases their agricultural exposure. He sees 30-50% upside in the coming year if all goes well. LNR recently came off because of poor earnings, but the MacDon purchase meant starting a new business which hits your earnings. (Analysts' price target: $84.38)

COMMENT
COMMENT
May 16, 2018

A good company. They had weakness in their industrial division. But the stock has done well over many years as it followed the auto cycle. Their core focus is the powertrain. The auto cycle in North America is now at maturity. At some point, earnings will decrease. He prefers auto companies that are researching AI. Linamar's business is more traditional.

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Linamar Corp (LNR-T)
May 16, 2018

A good company. They had weakness in their industrial division. But the stock has done well over many years as it followed the auto cycle. Their core focus is the powertrain. The auto cycle in North America is now at maturity. At some point, earnings will decrease. He prefers auto companies that are researching AI. Linamar's business is more traditional.

COMMENT
COMMENT
April 26, 2018

Very good auto parts company in Canada. The company is not really a global company. Great balance sheet. Linamar is not really into the electric vehicle. That made some people worry a little bit about the name. They have reasonable good growth.

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Linamar Corp (LNR-T)
April 26, 2018

Very good auto parts company in Canada. The company is not really a global company. Great balance sheet. Linamar is not really into the electric vehicle. That made some people worry a little bit about the name. They have reasonable good growth.

BUY
BUY
April 5, 2018

They are a reasonably priced company. A quality company with quality management. They do fairly transformational acquisitions into some other business lines. They are in the top 5% on valuation. They need to deliver on their most recent acquisition.

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Linamar Corp (LNR-T)
April 5, 2018

They are a reasonably priced company. A quality company with quality management. They do fairly transformational acquisitions into some other business lines. They are in the top 5% on valuation. They need to deliver on their most recent acquisition.

WEAK BUY
WEAK BUY
March 28, 2018

An excellent auto parts company that recently announced an acquisition that will take them into the agriculture sector. Their Skyjack platforms business is doing well. He likes it and sees it trading cheaply at 5.3 times EBITA and will continue to hold it.

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Linamar Corp (LNR-T)
March 28, 2018

An excellent auto parts company that recently announced an acquisition that will take them into the agriculture sector. Their Skyjack platforms business is doing well. He likes it and sees it trading cheaply at 5.3 times EBITA and will continue to hold it.

TOP PICK
TOP PICK
March 20, 2018

Has known them since they went public. One of the best-managed companies. They make more gears than anybody in North America and now winning contracts for electric cars. Everything good. (Analysts' target of $83.14)

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Linamar Corp (LNR-T)
March 20, 2018

Has known them since they went public. One of the best-managed companies. They make more gears than anybody in North America and now winning contracts for electric cars. Everything good. (Analysts' target of $83.14)

BUY
BUY
February 15, 2018

One of the three major Canadian auto supplier. He likes the space as auto suppliers trade at a compressed multiple despite having positive growth prospects. He prefers Martinrea (MRE-T) though. They have been doing a good job at improving their operations including cutting costs and have very good prospects. NAFTA concerns are more than reflected in the prices.

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Linamar Corp (LNR-T)
February 15, 2018

One of the three major Canadian auto supplier. He likes the space as auto suppliers trade at a compressed multiple despite having positive growth prospects. He prefers Martinrea (MRE-T) though. They have been doing a good job at improving their operations including cutting costs and have very good prospects. NAFTA concerns are more than reflected in the prices.

HOLD
HOLD
January 18, 2018

It was a top pick in the past. He likes it and it is held in his funds. They had a miss-step when they missed on results then did a transformational acquisition. We will have to see what this does for them.

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Linamar Corp (LNR-T)
January 18, 2018

It was a top pick in the past. He likes it and it is held in his funds. They had a miss-step when they missed on results then did a transformational acquisition. We will have to see what this does for them.

SELL STRENGTH
SELL STRENGTH
December 27, 2017

Linamar (LNR-T) vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

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Linamar Corp (LNR-T)
December 27, 2017

Linamar (LNR-T) vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

PAST TOP PICK
PAST TOP PICK
December 21, 2017

(A Top Pick Jan 6/17, Up 25.85%) Auto parts company. He likes this space and he likes this company. Had a good run but would probably take some money off the table at this point. He sees some weakness in their business. Thinks there are other good companies you could take some money off the table and put some in Martinrea (MRE-T) that still looks good or Magna (MG-T) that looks fantastic. Nothing wrong with this company but there might be better options. They have recently diversified from the automotive with their acquisition of MacDon Group that makes them more exposed to agricultural market.

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Linamar Corp (LNR-T)
December 21, 2017

(A Top Pick Jan 6/17, Up 25.85%) Auto parts company. He likes this space and he likes this company. Had a good run but would probably take some money off the table at this point. He sees some weakness in their business. Thinks there are other good companies you could take some money off the table and put some in Martinrea (MRE-T) that still looks good or Magna (MG-T) that looks fantastic. Nothing wrong with this company but there might be better options. They have recently diversified from the automotive with their acquisition of MacDon Group that makes them more exposed to agricultural market.

BUY
BUY
December 14, 2017

They are winning a lot of business from OEMs as they outsource part of the design of engine blocks. They have another industrial division, Skyjack. Last year they had a contract that was cancelled. He likes them. They are really well managed. It might too early to call an end to car purchases. He likes this one and thinks it is a good buy right here.

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Linamar Corp (LNR-T)
December 14, 2017

They are winning a lot of business from OEMs as they outsource part of the design of engine blocks. They have another industrial division, Skyjack. Last year they had a contract that was cancelled. He likes them. They are really well managed. It might too early to call an end to car purchases. He likes this one and thinks it is a good buy right here.

BUY
BUY
November 13, 2017

(Market Call Minute.) Great, long term hold. Had a bit of a slip in the last quarter. He would be comfortable buying it here.

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Linamar Corp (LNR-T)
November 13, 2017

(Market Call Minute.) Great, long term hold. Had a bit of a slip in the last quarter. He would be comfortable buying it here.

COMMENT
COMMENT
November 8, 2017

Missed their earnings, so the market took it down significantly. It could have been oversold on the short term. Typically, with these types of scenarios, he usually gives it 3 days, and then looks at it. If he didn't own this and wanted to add, he would probably do it in thirds. One 3rd in a couple of days, another 3rd in probably a couple of weeks, and a final 3rd in about 2 months.

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Linamar Corp (LNR-T)
November 8, 2017

Missed their earnings, so the market took it down significantly. It could have been oversold on the short term. Typically, with these types of scenarios, he usually gives it 3 days, and then looks at it. If he didn't own this and wanted to add, he would probably do it in thirds. One 3rd in a couple of days, another 3rd in probably a couple of weeks, and a final 3rd in about 2 months.

COMMENT
COMMENT
October 17, 2017

He sees a ceiling of $100. It is currently at $70.26. His model price is $132.82, a 70% potential upside, but this is a cyclical. The stock dropped so much because everyone thought we were at peak auto, but this company’s worked through that and has gone higher. He sees better potential elsewhere.

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Linamar Corp (LNR-T)
October 17, 2017

He sees a ceiling of $100. It is currently at $70.26. His model price is $132.82, a 70% potential upside, but this is a cyclical. The stock dropped so much because everyone thought we were at peak auto, but this company’s worked through that and has gone higher. He sees better potential elsewhere.

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