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Linamar Corporation, together with its subsidiaries, manufactures and sells engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment offers electrified products, including 3P3200, e3P4100, and 3P5700 eAxle gearboxes; utility and medium duty platform eAxles; FlexForm conformable hydrogen storage tanks; light duty beam eAxle; structure and chassis, including front and rear subframes, semi-trailing arms, front knuckles, battery enclosures, crossrails, shock towers, and cross car beams; driveline products, such as differential assemblies, power transfer and rear drive units, and engineered gears; transmission products, which comprises gears and shafts, gearbox housings, shaft and shell assemblies, and clutch modules; and engines, including cylinder blocks and heads, connecting rods, camshafts, and balance shaft modules for battery, hybrid, and fuel-cell electric vehicles. This segment serves electrified and traditionally powered markets. The Industrial segment provides scissor, boom and telehandler lifts for the aerial work platform industry; combine draper headers and self-propelled windrowers for the agricultural harvesting industry; farm tillage and crop fertilizer applicator equipment; and air seeders, cultivators, and planters for the seeding and farming industry. The company also provides medical devices and precision medical components. It offers its products under the Linamar, Skyjack, MacDon, Salford, Bourgault, and McLaren Engineering brand names. Linamar Corporation was founded in 1964 and is headquartered in Guelph, Canada.
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Linamar Corporation is a Canadian diversified manufacturer of precision automotive powertrain and driveline systems and industrial equipment, including industrial access products under Skyjack, supplying global OEMs. Long-term growth may be supported by vehicle electrification, higher content per vehicle and steady demand in off‑highway and industrial end markets, which could make it attractive for investors seeking exposure to a Tier‑1 supplier with a global manufacturing footprint.
Principal investment risks include cyclicality in automotive demand, customer concentration with large OEMs, execution risk in transitioning to EV components, exposure to commodity and currency swings, and competitive pressure from larger and lower‑cost suppliers.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 801.23M | 476.14M | 703.81M | 563.09M | 562.17M |
| Net income | 584.52M | 258.26M | 503.05M | 426.19M | 420.56M |
| Selling general administrative | 587.48M | 588.19M | 526.65M | 408.50M | 349.65M |
| Gross profit | 1517.42M | 1504.01M | 1322.85M | 974.81M | 937.65M |
| Reconciled depreciation | 622.30M | 605.36M | 491.52M | 440.97M | 448.75M |
| Ebit | 892.84M | 930.55M | 794.02M | 594.83M | 601.23M |
| Ebitda | 1515.14M | 1515.91M | 1266.02M | 982.52M | 1023.17M |
| Depreciation and amortization | 622.30M | 585.36M | 472.01M | 387.69M | 421.93M |
| Operating income | 892.12M | 611.33M | 774.82M | 594.83M | 601.23M |
| Other operating expenses | 9339.65M | 9970.70M | 8958.71M | 7352.83M | 5948.57M |
| Interest expense | 91.61M | 126.79M | 69.37M | 28.34M | 18.44M |
| Tax provision | 216.71M | 217.88M | 200.76M | 136.89M | 141.61M |
| Interest income | 25.38M | 107.92M | 25.88M | 17.15M | 39.07M |
| Net interest income | -90.76M | -134.17M | -68.51M | -24.01M | -4.49M |
| Income tax expense | 216.71M | 217.88M | 200.76M | 136.89M | 141.61M |
| Total revenue | 10231.76M | 10582.02M | 9733.53M | 7917.91M | 6536.57M |
| Total operating expenses | 625.30M | 892.69M | 548.02M | 409.73M | 349.65M |
| Cost of revenue | 8714.34M | 9078.01M | 8410.68M | 6943.10M | 5598.92M |
| Total other income expense net | -90.89M | -135.19M | -71.01M | -31.74M | -39.07M |
| Net income from continuing ops | 584.52M | 258.26M | 503.05M | 426.19M | 420.56M |
| Net income applicable to common shares | - | 258.26M | 503.05M | 426.19M | 420.56M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 10891.79M | 10499.84M | 9850.50M | 8576.39M | 7390.39M |
| Intangible assets | 1109.98M | 1147.89M | 954.72M | 916.30M | 812.96M |
| Other current assets | 116.73M | 78.06M | 98.02M | 47.31M | 49.69M |
| Total liab | 4794.43M | 5071.90M | 4528.40M | 3764.68M | 2791.59M |
| Total stockholder equity | 6097.37M | 5427.95M | 5322.10M | 4811.71M | 4598.80M |
| Deferred long term liab | - | - | - | 116.68M | 120.88M |
| Other current liab | 832.04M | 64.12M | 894.26M | 740.73M | 739.58M |
| Common stock | 148.92M | - | 142.10M | 138.93M | 146.20M |
| Capital stock | 148.92M | 140.52M | 142.10M | 138.93M | 146.20M |
| Retained earnings | 5643.33M | 5201.85M | 5046.42M | 4597.51M | 4449.64M |
| Other liab | - | - | - | 326.61M | 275.98M |
| Good will | 950.09M | 832.57M | 1033.45M | 948.92M | 853.29M |
| Other assets | - | - | - | 172.36M | 439.02M |
| Cash | 911.08M | 1054.60M | 653.33M | 860.51M | 928.43M |
| Cash and equivalents | - | - | - | 860.51M | 928.43M |
| Total current liabilities | 2639.28M | 2487.04M | 2518.91M | 2156.43M | 1745.12M |
| Current deferred revenue | 129.77M | - | 156.19M | 157.49M | - |
| Net debt | 1187.37M | 1237.92M | 1119.02M | 447.86M | -136.88M |
| Short term debt | 287.32M | - | 40.53M | 26.73M | 21.05M |
| Short long term debt | 287.32M | 45.66M | 40.53M | 26.73M | 21.05M |
| Short long term debt total | 2098.45M | - | 1772.35M | 1308.37M | 791.54M |
| Other stockholder equity | 37.09M | - | 34.18M | 31.36M | 28.82M |
| Property plant equipment | - | - | - | 2793.09M | 2415.92M |
| Total current assets | 4568.75M | 4605.57M | 3996.97M | 3693.29M | 2982.19M |
| Long term investments | - | 1.42M | 8.23M | 18.18M | 14.38M |
| Net tangible assets | - | - | - | 3076.55M | 3059.91M |
| Net receivables | 1486.17M | 1312.28M | 1408.95M | 1262.00M | 937.62M |
| Long term debt | 1811.13M | 2246.86M | 1731.82M | 1223.89M | 770.49M |
| Inventory | 2054.77M | 2062.36M | 1836.66M | 1509.30M | 1066.46M |
| Accounts payable | 1325.61M | 1279.75M | 1427.93M | 1231.47M | 984.49M |
| Accumulated other comprehensive income | 268.03M | - | 99.40M | 43.91M | -25.87M |
| Non currrent assets other | 54.58M | - | -12.44M | 49.88M | 187.22M |
| Non current assets total | 6323.05M | 5894.27M | 5853.53M | 4883.10M | 4408.20M |
| Long term debt total | - | - | - | 1281.64M | 770.49M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -1117.44M | -1194.01M | -715.74M | -267.32M |
| Change to liabilities | - | - | - | 239.29M | 166.24M |
| Total cashflows from investing activities | -837.27M | -1117.44M | -1194.01M | -715.74M | -267.32M |
| Net borrowings | -419.50M | 467.25M | -242.34M | 462.92M | -487.80M |
| Total cash from financing activities | -645.50M | 363.68M | 255.57M | 156.39M | -572.08M |
| Change to operating activities | - | - | - | 12.92M | 102.14M |
| Net income | 584.52M | 258.26M | 503.05M | 426.19M | 420.56M |
| Change in cash | -143.52M | 401.27M | -207.19M | -67.91M | 67.33M |
| Begin period cash flow | 1054.60M | 653.33M | 860.51M | 928.43M | 861.10M |
| End period cash flow | 911.08M | 1054.60M | 653.33M | 860.51M | 928.43M |
| Total cash from operating activities | 1330.78M | 1126.28M | 745.37M | 468.13M | 908.76M |
| Issuance of capital stock | - | 0.00M | 550.00M | - | - |
| Depreciation | 622.30M | 605.36M | 491.52M | 440.97M | 448.75M |
| Other cashflows from investing activities | -7.29M | -0.08M | -0.44M | -292.49M | -19.66M |
| Dividends paid | 67.00M | -61.54M | -54.15M | 51.12M | 44.51M |
| Change to inventory | 141.62M | -37.02M | -239.84M | -351.13M | -227.45M |
| Change to account receivables | -80.41M | 202.18M | -120.03M | -196.12M | 135.57M |
| Sale purchase of stock | -77.59M | -42.02M | 552.06M | -236.08M | 0.00M |
| Other cashflows from financing activities | -88.77M | -127.76M | -596.12M | 443.59M | 454.17M |
| Change to netincome | - | - | - | -1.89M | -6.93M |
| Capital expenditures | 421.74M | 532.60M | 762.71M | 423.25M | 254.54M |
| Change in working capital | 67.20M | -210.85M | -208.55M | -397.15M | 46.38M |
| Stock based compensation | 3.56M | 3.49M | 3.94M | 3.06M | 3.27M |
| Other non cash items | 100.33M | 528.23M | 22.03M | 9.86M | 16.04M |
| Free cash flow | 909.04M | 593.68M | -17.34M | 44.88M | 654.22M |
Sector: Consumer Cyclical Industry: Auto Parts
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LNR Linamar Corporation |
-4.97 5.36% |
87.81 | 8.65 | 7.48 | 0.49 | 0.82 | 0.61 | 4.09 |
| AZO AutoZone CDR (CAD Hedged) |
- -% |
20.06 | 24.78 | 23.75 | 3.08 | - | 3.65 | 17.03 |
| MG Magna International Inc |
-2.17 2.37% |
89.49 | 21.03 | 9.02 | 0.56 | 1.36 | 0.53 | 6.32 |
| MRE Martinrea International Inc. |
-0.41 4.16% |
9.45 | 6.52 | 4.47 | 0.14 | 0.46 | 0.34 | 3.28 |
| XTC Exco Technologies Limited |
-0.06 0.67% |
8.11 | 11.51 | 8.61 | 0.46 | 0.70 | 0.58 | 5.14 |
Linamar Corporation, together with its subsidiaries, manufactures and sells engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment offers electrified products, including 3P3200, e3P4100, and 3P5700 eAxle gearboxes; utility and medium duty platform eAxles; FlexForm conformable hydrogen storage tanks; light duty beam eAxle; structure and chassis, including front and rear subframes, semi-trailing arms, front knuckles, battery enclosures, crossrails, shock towers, and cross car beams; driveline products, such as differential assemblies, power transfer and rear drive units, and engineered gears; transmission products, which comprises gears and shafts, gearbox housings, shaft and shell assemblies, and clutch modules; and engines, including cylinder blocks and heads, connecting rods, camshafts, and balance shaft modules for battery, hybrid, and fuel-cell electric vehicles. This segment serves electrified and traditionally powered markets. The Industrial segment provides scissor, boom and telehandler lifts for the aerial work platform industry; combine draper headers and self-propelled windrowers for the agricultural harvesting industry; farm tillage and crop fertilizer applicator equipment; and air seeders, cultivators, and planters for the seeding and farming industry. The company also provides medical devices and precision medical components. It offers its products under the Linamar, Skyjack, MacDon, Salford, Bourgault, and McLaren Engineering brand names. Linamar Corporation was founded in 1964 and is headquartered in Guelph, Canada.
| Name | Title | Year Born |
|---|---|---|
| Ms. Linda S. Hasenfratz | Exec. Chairman & CEO | 1966 |
| Mr. Jim Jarrell | Pres, COO & Director | 1964 |
| Mr. Dale Schneider | Chief Financial Officer | NA |
| Salvatore Cocca | Group Pres of Linamar Manufacturing Europe | NA |
| Mr. Mark Stoddart | CTO, Exec. VP of Sales & Marketing and Non-Independent Director | 1964 |
| Mr. Roger Fulton | Exec. VP of HR, Gen. Counsel & Corp. Sec. | NA |
| Mr. Kenneth McDougall | Group Pres of Skyjack Inc | NA |
| Mr. Wenzhang Huang | Group Pres of Linamar Machining & Assembly - Asia Pacific | NA |
| Chris Merchant | Global VP of Fin. | NA |
| Ms. Linda S. Hasenfratz | Executive Chairman of the Board | 1966 |
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