# Martinrea International Inc. (MRE.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Consumer Cyclical / Auto Components. Price C$10.64, market value C$745 million.

## Valuation
- **P/E (trailing): 6.2×** (5-yr avg 11.0×, 3-yr avg 7.0×). Martinrea International Inc. trades at 6.2× trailing earnings, well below its own five-year average of 11.0×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 4.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.01**. A PEG of 0.01 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.5×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 3.1×**. Enterprise value is 3.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 21.2%** (5-yr avg 11.8%). Free cash flow equals 21.2% of the market value, above its five-year average of 11.8%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 16.1%**. The inverse of the P/E: 16.1% of the price is earned each year.

## Profitability
- **Gross margin: 13.3%**. Martinrea International Inc. keeps 13.3% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 5.3%**. 5.3% of revenue is left after running the business.
- **Net margin: 2.2%**. 2.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.1%**. 7.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 9.1%**. Return on all capital, debt included, is 9.1%.
- **Return on assets: 3.3%**. Each dollar of assets produces 3.3% of profit.

## Growth
- **Revenue growth (1 yr): -3.8%** (3-yr 0.4%/yr, 5-yr 7.4%/yr). Revenue fell 3.8% over the last year, against 7.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 419.6%** (3-yr -3.8%/yr). Earnings per share rose 419.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 50.4%/yr**. Free cash flow has compounded at 50.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.74**. Debt is 0.74 times equity, moderate leverage.
- **Net debt / EBITDA: 1.7×**. It would take 1.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 4.3×**. Operating profit covers interest 4.3× over, a safe margin.
- **Current ratio: 1.19** (quick 0.76). Current assets cover the next year's liabilities 1.19 times.
- **Altman Z-score: 2.36**. A Z-score of 2.36 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.88%** (C$0.20 per share, trailing). Martinrea International Inc. yields 1.88%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 14%** (9% of free cash flow). 14% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 5.7%**. Dividends plus net buybacks return 5.7% of the market value a year.

## Price and momentum
- **Total return (1 yr): -0.3%** (YTD 3.8%, 3-mo -3.5%). The shares are down 0.3% over twelve months including dividends.
- **From 52-week high: -9.2%** (22.0% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.85** (volatility 32%). Beta of 0.85 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MRE.TO · Page: https://foliofundamentals.com/stocks/mre.to

Not investment advice.