Jun. 19 at 3:19 PM
ADAS market projected to double to
$66.56B by 2030 (11% CAGR) - key player
$MGA gets multiple tailwinds. While Magna's revenue dipped 8% YoY, their Q1 net income surged to
$146M through cost controls. Trading at 9x P/E with 5% yield, this auto tech play looks undervalued given ADAS leadership position.
https://www.prnewswire.com/news-releases/surging-adas-advanced-driver-assistance-system-market-projected-to-achieve-66-56-billion-by-2030--exclusive-study-by-the-research-insights-302486251.html