Magic Financial Statements From 2010 to 2024
| MGIC Stock | ILA 4,108 11.00 0.27% |
Check Magic Software financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Magic Software's main balance sheet or income statement drivers, such as , as well as many indicators such as . Magic financial statements analysis is a perfect complement when working with Magic Software Valuation or Volatility modules.
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Magic Software Enterprises Company Return On Asset Analysis
Magic Software's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Magic Software Return On Asset | 0.0809 |
Most of Magic Software's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Magic Software Enterprises is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Magic Software Enterprises has a Return On Asset of 0.0809. This is 102.8% lower than that of the Technology sector and 95.3% lower than that of the Information Technology Services industry. The return on asset for all Israel stocks is 157.79% lower than that of the firm.
Magic Software Enter Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Magic Software's current stock value. Our valuation model uses many indicators to compare Magic Software value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Magic Software competition to find correlations between indicators driving Magic Software's intrinsic value. More Info.Magic Software Enterprises is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.55 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Magic Software Enterprises is roughly 1.83 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Magic Software by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Magic Software's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Magic Software Financial Statements
Magic Software stakeholders use historical fundamental indicators, such as Magic Software's revenue or net income, to determine how well the company is positioned to perform in the future. Although Magic Software investors may analyze each financial statement separately, they are all interrelated. For example, changes in Magic Software's assets and liabilities are reflected in the revenues and expenses on Magic Software's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Magic Software Enterprises. Please read more on our technical analysis and fundamental analysis pages.
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies outsourcing software services in Israel and internationally. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel. MAGIC SOFTWARE operates under Information Technology Services classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 3677 people.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Magic Stock
When determining whether Magic Software Enter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magic Software's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magic Software Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magic Software Enterprises Stock:Check out the analysis of Magic Software Correlation against competitors. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.