Magic Software Enterprises Stock Z Score

MGIC Stock

USD 10.99 0.07 0.64%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Magic Software Piotroski F Score and Magic Software Valuation analysis.

At present, Magic Software's Long Term Debt To Capitalization is projected to increase slightly based on the last few years of reporting. The current year's Total Debt To Capitalization is expected to grow to 0.25, whereas Capital Surpluse is forecasted to decline to about 216.5 M. At present, Magic Software's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 561.8 M, whereas Total Other Income Expense Net is projected to grow to (4.4 M).

Magic Software Enterprises Company Z Score Analysis

Magic Software's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Magic Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Magic Software is extremely important. It helps to project a fair market value of Magic Stock properly, considering its historical fundamentals such as Z Score. Since Magic Software's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Magic Software's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Magic Software's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Short Long Term Debt	Deferred Long Term Liab	Long Term Investments	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.96	0.3	0.89	0.93	0.99	0.96	0.99	0.89	0.79	0.83	0.53	0.82	0.97	-0.23	0.8	-0.03	0.23	0.83	0.83	0.72	0.67	0.83	0.84	0.0	0.53
Total Stockholder Equity	0.96		0.03	0.77	0.81	0.93	0.84	0.97	0.76	0.85	0.92	0.31	0.69	0.87	-0.43	0.63	0.15	0.44	0.68	0.79	0.64	0.63	0.75	0.7	0.13	0.4
Net Debt	0.3	0.03		0.58	0.57	0.35	0.56	0.21	0.63	-0.1	-0.15	0.82	0.58	0.5	0.61	0.71	-0.67	-0.69	0.69	0.21	0.33	0.15	0.43	0.65	-0.53	0.61
Retained Earnings	0.89	0.77	0.58		0.95	0.9	0.95	0.87	0.96	0.51	0.6	0.75	0.9	0.94	0.14	0.9	-0.19	0.05	0.96	0.69	0.62	0.55	0.82	0.93	-0.26	0.72
Accounts Payable	0.93	0.81	0.57	0.95		0.95	0.98	0.91	0.96	0.58	0.65	0.69	0.87	0.96	0.0	0.89	-0.2	0.02	0.95	0.71	0.68	0.55	0.84	0.94	-0.14	0.66
Net Receivables	0.99	0.93	0.35	0.9	0.95		0.96	0.98	0.89	0.76	0.79	0.58	0.79	0.97	-0.2	0.82	-0.04	0.2	0.83	0.82	0.73	0.64	0.84	0.85	0.03	0.49
Total Liab	0.96	0.84	0.56	0.95	0.98	0.96		0.92	0.97	0.65	0.68	0.71	0.89	0.99	-0.01	0.91	-0.25	-0.01	0.94	0.77	0.71	0.62	0.85	0.93	-0.18	0.67
Total Current Assets	0.99	0.97	0.21	0.87	0.91	0.98	0.92		0.85	0.79	0.86	0.48	0.8	0.94	-0.25	0.74	0.1	0.34	0.8	0.84	0.71	0.68	0.82	0.8	0.08	0.5
Short Term Debt	0.89	0.76	0.63	0.96	0.96	0.89	0.97	0.85		0.48	0.58	0.79	0.86	0.95	0.14	0.95	-0.32	-0.02	0.98	0.65	0.69	0.48	0.86	0.96	-0.25	0.76
Intangible Assets	0.79	0.85	-0.1	0.51	0.58	0.76	0.65	0.79	0.48		0.89	0.03	0.54	0.68	-0.59	0.37	0.17	0.23	0.41	0.84	0.65	0.73	0.54	0.44	0.17	0.15
Common Stock	0.83	0.92	-0.15	0.6	0.65	0.79	0.68	0.86	0.58	0.89		0.07	0.54	0.7	-0.55	0.43	0.22	0.46	0.51	0.73	0.61	0.53	0.68	0.58	0.2	0.34
Current Deferred Revenue	0.53	0.31	0.82	0.75	0.69	0.58	0.71	0.48	0.79	0.03	0.07		0.64	0.71	0.64	0.88	-0.42	-0.23	0.78	0.4	0.48	0.24	0.67	0.79	-0.29	0.64
Long Term Debt	0.82	0.69	0.58	0.9	0.87	0.79	0.89	0.8	0.86	0.54	0.54	0.64		0.86	0.15	0.74	-0.12	-0.1	0.91	0.75	0.62	0.76	0.7	0.81	-0.29	0.78
Good Will	0.97	0.87	0.5	0.94	0.96	0.97	0.99	0.94	0.95	0.68	0.7	0.71	0.86		-0.02	0.9	-0.17	0.08	0.9	0.81	0.74	0.64	0.86	0.91	-0.1	0.61
Treasury Stock	-0.23	-0.43	0.61	0.14	0.0	-0.2	-0.01	-0.25	0.14	-0.59	-0.55	0.64	0.15	-0.02		0.26	-0.28	-0.36	0.21	-0.13	0.0	-0.15	0.11	0.19	-0.28	0.4
Property Plant Equipment	0.8	0.63	0.71	0.9	0.89	0.82	0.91	0.74	0.95	0.37	0.43	0.88	0.74	0.9	0.26		-0.48	-0.13	0.91	0.55	0.6	0.33	0.83	0.94	-0.3	0.69
Short Term Investments	-0.03	0.15	-0.67	-0.19	-0.2	-0.04	-0.25	0.1	-0.32	0.17	0.22	-0.42	-0.12	-0.17	-0.28	-0.48		0.75	-0.34	0.22	0.03	0.3	-0.1	-0.34	0.7	-0.39
Net Tangible Assets	0.23	0.44	-0.69	0.05	0.02	0.2	-0.01	0.34	-0.02	0.23	0.46	-0.23	-0.1	0.08	-0.36	-0.13	0.75		-0.11	0.16	0.03	0.07	0.16	-0.05	0.57	-0.19
Short Long Term Debt	0.83	0.68	0.69	0.96	0.95	0.83	0.94	0.8	0.98	0.41	0.51	0.78	0.91	0.9	0.21	0.91	-0.34	-0.11		0.6	0.61	0.49	0.8	0.95	-0.35	0.83
Deferred Long Term Liab	0.83	0.79	0.21	0.69	0.71	0.82	0.77	0.84	0.65	0.84	0.73	0.4	0.75	0.81	-0.13	0.55	0.22	0.16	0.6		0.84	0.89	0.73	0.62	0.23	0.35
Long Term Investments	0.72	0.64	0.33	0.62	0.68	0.73	0.71	0.71	0.69	0.65	0.61	0.48	0.62	0.74	0.0	0.6	0.03	0.03	0.61	0.84		0.65	0.81	0.67	0.27	0.39
Long Term Debt Total	0.67	0.63	0.15	0.55	0.55	0.64	0.62	0.68	0.48	0.73	0.53	0.24	0.76	0.64	-0.15	0.33	0.3	0.07	0.49	0.89	0.65		0.42	0.37	0.08	0.26
Capital Surpluse	0.83	0.75	0.43	0.82	0.84	0.84	0.85	0.82	0.86	0.54	0.68	0.67	0.7	0.86	0.11	0.83	-0.1	0.16	0.8	0.73	0.81	0.42		0.91	0.15	0.66
Net Invested Capital	0.84	0.7	0.65	0.93	0.94	0.85	0.93	0.8	0.96	0.44	0.58	0.79	0.81	0.91	0.19	0.94	-0.34	-0.05	0.95	0.62	0.67	0.37	0.91		-0.18	0.78
Net Working Capital	0.0	0.13	-0.53	-0.26	-0.14	0.03	-0.18	0.08	-0.25	0.17	0.2	-0.29	-0.29	-0.1	-0.28	-0.3	0.7	0.57	-0.35	0.23	0.27	0.08	0.15	-0.18		-0.46
Capital Stock	0.53	0.4	0.61	0.72	0.66	0.49	0.67	0.5	0.76	0.15	0.34	0.64	0.78	0.61	0.4	0.69	-0.39	-0.19	0.83	0.35	0.39	0.26	0.66	0.78	-0.46

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Magic Software

Based on the company's disclosures, Magic Software Enterprises has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and 100.0% lower than that of the Information Technology industry. The z score for all United States stocks is 100.0% higher than that of the company.

Magic Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Magic Software's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Magic Software could also be used in its relative valuation, which is a method of valuing Magic Software by comparing valuation metrics of similar companies.

Magic Software is currently under evaluation in z score category among its peers.

Magic Software Current Valuation Drivers

We derive many important indicators used in calculating different scores of Magic Software from analyzing Magic Software's financial statements. These drivers represent accounts that assess Magic Software's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Magic Software's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	478.2M	767.3M	1.0B	786.4M	475.7M	499.5M
Enterprise Value	433.9M	728.6M	1.0B	783.1M	478.5M	502.4M

Magic Software ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Magic Software's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Magic Software's managers, analysts, and investors.

Environmental

Governance

Social

Magic Software Institutional Holders

Institutional Holdings refers to the ownership stake in Magic Software that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Magic Software's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Magic Software's value.

		Shares
Arrowstreet Capital Limited Partnership	2024-06-30	78.3 K
Cwm Advisors, Llc	2024-09-30	74.4 K
Eagle Global Advisors, Llc	2024-06-30	72.8 K
Yelin Lapidot Holdings Management Ltd	2024-06-30	62.1 K
Geode Capital Management, Llc	2024-06-30	55.6 K
Swiss National Bank	2024-09-30	53.4 K
Jpmorgan Chase & Co	2024-06-30	52.5 K
Ghp Investment Advisors, Inc.	2024-09-30	48.6 K
Millennium Management Llc	2024-06-30	46.4 K
Clal Insurance Enterprises Holdings Ltd	2024-09-30	3.4 M
Phoenix Financial Ltd	2024-06-30	694.6 K

Magic Fundamentals

	Return On Equity	0.14
	Return On Asset	0.0673
	Profit Margin	0.07 %
	Operating Margin	0.11 %
	Current Valuation	532.9 M
	Shares Outstanding	49.1 M
	Shares Owned By Insiders	47.09 %
	Shares Owned By Institutions	25.91 %
	Number Of Shares Shorted	17.03 K
	Price To Earning	35.52 X
	Price To Book	1.93 X
	Price To Sales	1.03 X
	Revenue	535.05 M
	Gross Profit	155.35 M
	EBITDA	77.9 M
	Net Income	37.03 M
	Cash And Equivalents	92.32 M
	Cash Per Share	1.88 X
	Total Debt	108.72 M
	Debt To Equity	0.27 %
	Current Ratio	2.31 X
	Book Value Per Share	5.42 X
	Cash Flow From Operations	68.99 M
	Short Ratio	0.70 X
	Earnings Per Share	0.70 X
	Price To Earnings To Growth	1.08 X
	Target Price	15.0
	Number Of Employees	3.63 K
	Beta	1.08
	Market Capitalization	539.6 M
	Total Asset	522.41 M
	Retained Earnings	92.52 M
	Working Capital	114.93 M
	Current Asset	135.3 M
	Current Liabilities	28.36 M
	Annual Yield	0.04 %
	Five Year Return	2.67 %
	Net Asset	522.41 M

About Magic Software Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Magic Software Enterprises's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magic Software using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magic Software Enterprises based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Also Currently Popular

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.

RSI	Rush Street Interactive
OKTA	Okta Inc
BAC	Bank of America

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:

How To Invest In Magic

Details

Is Magic Stock a good investment?

Details

What is Magic Software's Net Worth?

Details

Largest Application Software Companies

View

Largest Information Technology Services Companies

View

Check out Magic Software Piotroski F Score and Magic Software Valuation analysis.

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magic Software. If investors know Magic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magic Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.10)

Earnings Share

0.7

Revenue Per Share

10.659

Quarterly Revenue Growth

(0.08)

Return On Assets

0.0673

The market value of Magic Software Enter is measured differently than its book value, which is the value of Magic that is recorded on the company's balance sheet. Investors also form their own opinion of Magic Software's value that differs from its market value or its book value, called intrinsic value, which is Magic Software's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magic Software's market value can be influenced by many factors that don't directly affect Magic Software's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Magic Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magic Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magic Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Magic Software Enterprises Stock Z Score

Magic Software Enterprises Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Magic Z Score Driver Correlations

Magic Z Score Peer Comparison

Magic Software Current Valuation Drivers

Magic Software ESG Sustainability

Magic Software Institutional Holders

Magic Fundamentals

About Magic Software Fundamental Analysis

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY