Magic Software Financials

MGIC Stock  USD 11.95  0.71  6.32%   
Based on the measurements of operating efficiency obtained from Magic Software's historical financial statements, Magic Software Enterprises is performing exceptionally good at the present time. It has a great chance to report excellent financial results in December. At present, Magic Software's Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 148.8 M, whereas Non Currrent Assets Other are projected to grow to (1.90). Key indicators impacting Magic Software's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.07270.0692
Sufficiently Up
Slightly volatile
Return On Assets0.07440.0709
Sufficiently Up
Slightly volatile
Return On Equity0.150.1392
Significantly Up
Pretty Stable
Debt Equity Ratio0.320.3053
Sufficiently Up
Slightly volatile
Operating Income60 M57.1 M
Sufficiently Up
Slightly volatile
Current Ratio3.121.8111
Way Up
Slightly volatile
The financial analysis of Magic Software is a critical element in measuring its lifeblood. Investors should not minimize Magic Software's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

38.88 Million

  
Understanding current and past Magic Software Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Magic Software's financial statements are interrelated, with each one affecting the others. For example, an increase in Magic Software's assets may result in an increase in income on the income statement.
Please note, the presentation of Magic Software's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Magic Software's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Magic Software's management manipulating its earnings.

Magic Software Stock Summary

Magic Software competes with Hackett, CSP, Nayax, Formula Systems, and IBEX. 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 the United States and is traded on NASDAQ Exchange. It employs 3677 people.
Foreign Associate
  Israel
Specialization
Information Technology, Information Technology Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINIL0010823123
CUSIP559166103
LocationIsrael
Business AddressTerminal Center, Or
SectorSoftware
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.magicsoftware.com
Phone972 3 538 9292
CurrencyUSD - US Dollar

Magic Software Key Financial Ratios

Magic Software Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets407.5M443.3M492.0M511.0M522.4M548.5M
Other Current Liab36.3M43.4M74.9M103.1M66.4M69.7M
Net Debt(44.3M)(38.7M)(26.0M)(3.3M)2.8M2.9M
Retained Earnings28.4M39.7M43.2M86.3M92.5M97.1M
Accounts Payable11.0M14.3M24.7M27.6M28.4M29.8M
Cash81.9M88.1M88.1M83.1M105.9M111.2M
Net Receivables109.5M114.7M145.7M155.2M139.6M146.5M
Inventory(3.7M)(1.1M)(1.2M)1.0(6.9M)1.05
Other Current Assets7.6M10.5M11.0M11.0M10.4M10.9M
Total Liab120.9M149.3M185.9M205.7M231.5M243.0M
Total Current Assets205.1M211.2M246.8M251.0M256.6M269.5M
Short Term Debt10.9M18.4M20.4M25.3M33.3M35.0M
Intangible Assets51.1M53.4M51.4M52.1M50.7M36.0M
Common Stock1.2M1.2M1.2M1.2M1.3M995.2K
Other Liab24.5M34.1M36.6M18.5M21.3M22.3M
Other Assets12.1M16.6M16.9M13.3M15.3M16.1M
Long Term Debt15.5M13.4M22.2M30.4M52.3M54.9M
Good Will117.7M135.7M146.8M158.7M166.1M174.4M
Net Tangible Assets78.7M71.2M67.1M53.5M48.1M57.4M
Short Long Term Debt7.1M11.5M15.0M20.7M28.9M30.4M

Magic Software Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense385K917K3.2M3.7M9.2M9.7M
Total Revenue325.6M371.2M480.3M566.8M535.1M561.8M
Gross Profit102.1M109.6M133.0M155.4M145.0M152.2M
Operating Income33.7M40.6M51.2M61.4M57.1M60.0M
Ebit47.5M41.7M54.6M62.4M57.3M60.2M
Ebitda47.7M55.6M74.5M82.2M77.9M81.8M
Cost Of Revenue223.5M261.6M347.3M411.4M390.1M409.6M
Income Before Tax32.5M37.4M45.3M57.7M52.4M55.1M
Net Income20.3M25.2M29.8M40.5M37.0M38.9M
Income Tax Expense6.9M7.3M10.4M11.2M9.9M10.4M
Research Development8.2M8.8M9.0M10.1M10.3M5.4M
Minority Interest38.8M33.6M(5.6M)(5.9M)(6.1M)(5.8M)
Tax Provision6.9M7.3M10.4M11.2M10.1M8.2M
Interest Income212K100K113K1.4M4.9M5.1M
Net Interest Income(173K)(917K)(3.2M)(3.7M)(3.9M)(3.7M)

Magic Software Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(5.2M)6.2M(37K)(5.0M)22.9M24.0M
Free Cash Flow40.4M46.2M35.9M41.9M64.2M67.4M
Depreciation14.0M13.9M14.7M15.5M20.6M21.6M
Other Non Cash Items1.9M(70K)533K(3.8M)561K407.2K
Capital Expenditures5.5M6.1M4.6M7.7M4.8M3.5M
Net Income25.6M30.1M34.9M46.5M37.0M38.9M
End Period Cash Flow81.9M88.1M88.1M83.1M105.9M111.2M
Change To Inventory2.2M(7.7M)8.2M6.7M7.7M8.1M
Dividends Paid15.0M12.5M21.8M24.8M30.8M32.3M
Investments12.7M13.0M(5.4M)(27.3M)(34.8M)(33.1M)
Net Borrowings(12.7M)317K11.1M16.4M18.8M19.8M
Change To Netincome3.6M3.2M3.6M5.9M6.8M3.5M

Magic Financial Ratios 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 regarded fifth in return on equity category among its peers. It also is regarded fifth in return on asset category among its peers reporting about  0.47  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Magic Software Enterprises is roughly  2.14 . At present, Magic Software's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Magic Software's earnings, one of the primary drivers of an investment's value.

Magic Software Enter Systematic Risk

Magic Software's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Magic Software volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Magic Software Enter correlated with the market. If Beta is less than 0 Magic Software generally moves in the opposite direction as compared to the market. If Magic Software Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Magic Software Enter is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Magic Software is generally in the same direction as the market. If Beta > 1 Magic Software moves generally in the same direction as, but more than the movement of the benchmark.

Magic Software Thematic Clasifications

Magic Software Enterprises is part of Israel Wall Street investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Large Israel companies traded on major USA exchanges. Cross-sector collection of best publicly traded Israel entities that are expected to continue growing
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This theme covers Large Israel companies traded on major USA exchanges. Cross-sector collection of best publicly traded Israel entities that are expected to continue growing. Get More Thematic Ideas
Today, most investors in Magic Software Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Magic Software's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Magic Software growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(1.43)

At present, Magic Software's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Magic Software November 27, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Magic Software help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Magic Software Enterprises. We use our internally-developed statistical techniques to arrive at the intrinsic value of Magic Software Enterprises based on widely used predictive technical indicators. In general, we focus on analyzing Magic Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Magic Software's daily price indicators and compare them against related drivers.

Complementary Tools for Magic Stock analysis

When running Magic Software's price analysis, check to measure Magic Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magic Software is operating at the current time. Most of Magic Software's value examination focuses on studying past and present price action to predict the probability of Magic Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magic Software's price. Additionally, you may evaluate how the addition of Magic Software to your portfolios can decrease your overall portfolio volatility.
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