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TSE:MRE
Martinrea (MRE.TO)
10.26
+0.02 (0.20%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
141 watching
Financials 
Technical Analysis 0
PAST TOP PICK
(A Top Pick Oct 13/20, Up 13%) The auto sector boomed late last year. This chip shortage has hurt the entire industry. It'll be on going for a while. MRE-T is into the light weighting of vehicles and three to four times operating cash flow and is generating free cash flow. He loves the story.
John ZechnerOwned
metal fabricators
TOP PICK
The valuation sticks out as just too cheap. There is a huge backlog going forward. Moving toward electric vehicles, parts companies will do very well. They also invested in a vehicle battery company. (Analysts’ price target is $18.12)
John ZechnerOwned
metal fabricators
PAST TOP PICK
(A Top Pick Sep 03/20, Up 23%) He's adding to it. Auto parts producers under pressure, mainly because of the chip shortage. Lightweighting of vehicles by using aluminum. Significant insider buying. Into EV batteries. Well positioned going forward.
John ZechnerOwned
metal fabricators
TOP PICK
Ticks the boxes for him. Cheap valuation at 10-12x forward earnings. Auto parts companies will do well as we move to EVs. These guys can pivot. Focused on aluminum for lightweighting, so there's growth there. Investing in EV batteries. Insider buying. Yield is 1.62%. (Analysts’ price target is $18.79)
John ZechnerOwned
metal fabricators
TOP PICK
The valuation is cheap and insiders are buying. 3-4x operating cash, 10-12x earnings. Auto sales are doing well and this company helps in making vehicles lighter with aluminum. Also working on using graphene for electric vehicles. A good way to play EV without paying a high multiple. (Analysts’ price target is $18.79)
John ZechnerOwned
metal fabricators
TOP PICK
He likes the positioning. The electrical vehicle market will grow over the next number of years and this year can reposition itself better than a number of the majors in the US. There has been some huge insider buying recently. This is the cheapest in the group. (Analysts’ price target is $19.19)
John ZechnerOwned
metal fabricators
PAST TOP PICK
(A Top Pick Apr 13/20, Up 75%) Bigger risk, bigger reward. Valuation was so depressed at the time and is still cheap. Has been buying it recently. Chip shortage has hurt them all. Well positioned for the EV market.
John ZechnerOwned
metal fabricators
BUY
He still likes it. He thinks there is still upside and he is going to add more. These guys are well positioned to meet the demand in the electric vehicle market.
John ZechnerOwned
metal fabricators
TOP PICK
A cheap stock that's survived the downturn with a healthy balance sheet as they pay down debt. It trades at 4x forward operating cash flow which is growing, and probably boasts 10x forward earnings. The car business is coming back. Auto parts company can shift to meet demand in growing e-cars. (Analysts’ price target is $14.94)
John ZechnerOwned
metal fabricators
TOP PICK
Likes the auto sector. Stay at home trade also benefits driving for vacation. People aren't getting on planes, they're driving. Trading at 4x operating cash flow. Balance sheet's improved, likes the valuation. Yield is 1.94%. (Analysts’ price target is $14.94)
John ZechnerOwned
metal fabricators
TOP PICK
This has a bit of cyclicality in it. The auto parts sector has such cheap valuations. The earnings will take a hit in the downturn. But they can easily survive this. They will sell more as we get into the electric side. People will get back into their cars more quickly than they will get on an airplane when this is all over. (Analysts’ price target is $12.75)
John ZechnerOwned
metal fabricators
COMMENT
LNR vs MG vs MRE? The auto parts sector has had headwinds. He would stick with MG-T as they pay the highest dividend. He would have thought LNR-T would have been more defensive, but an acquistion in the agricultural space has proved to be a failed attempt to diversify. All three look very cheap. He does own MG-T.
Peter ImhofUnknown
metal fabricators
DON'T BUY
Not safe, because they're a car parts-maker that is directly tied to the wider economy. It's a tough business that's getting tougher, because of radical changes in the industry. For example, car makes trucks now, not cars. The companies are merging and getting out of production, which hurts suppliers like MRE. Demand? His kids don't drive cars, for example. Also, e-cars don't need MRE's parts, and e-car production will accelerate.
metal fabricators
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