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Magic Software Enterprises Ltd

Technology US MGIC

11.58USD
-0.03(0.26%)

Last update at 2024-04-25T20:00:00Z

Day Range

11.5011.69
LowHigh

52 Week Range

8.1516.66
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 57.72M 45.26M 37.40M 32.47M 31.85M
Minority interest -5.85300M -5.57200M 33.55M 38.77M 31.65M
Net income 40.67M 29.33M 25.19M 20.27M 19.88M
Selling general administrative 70.97M 32.11M 27.97M 29.78M 24.23M
Selling and marketing expenses 13.44M 38.15M 31.16M 30.45M 27.20M
Gross profit 155.35M 132.99M 109.59M 102.13M 88.82M
Reconciled depreciation 15.47M 14.67M 13.94M 14.03M 12.56M
Ebit 61.38M 51.23M 40.59M 33.65M 31.70M
Ebitda 76.79M 68.41M 55.62M 47.68M 44.26M
Depreciation and amortization 15.41M 17.18M 15.03M 14.03M 12.56M
Non operating income net other - - - - -
Operating income 61.38M 51.23M 40.59M 33.65M 31.70M
Other operating expenses 505.48M 426.58M 329.52M 291.98M 252.68M
Interest expense 3.66M 3.15M 0.92M 0.39M 0.99M
Tax provision 11.20M 10.36M 7.29M 6.87M 7.07M
Interest income 1.39M 0.00000M 0.10M 0.21M 0.28M
Net interest income -3.66200M -3.15500M -0.91700M -0.17300M -0.70600M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 11.20M 10.36M 7.29M 6.87M 7.07M
Total revenue 566.79M 480.32M 371.19M 325.63M 284.38M
Total operating expenses 94.04M 79.25M 67.92M 68.48M 57.12M
Cost of revenue 411.44M 347.33M 261.60M 223.50M 195.56M
Total other income expense net -3.66200M -5.97200M -3.18500M -1.18000M 0.85M
Discontinued operations - - - - -
Net income from continuing ops 46.52M 34.90M 30.12M 25.60M 24.78M
Net income applicable to common shares 38.77M 25.31M 23.87M 12.79M 18.16M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 510.97M 492.05M 443.32M 407.48M 362.33M
Intangible assets 52.06M 51.39M 53.40M 51.13M 41.48M
Earning assets - - - - -
Other current assets - - 3.58M 4.47M 3.71M
Total liab 205.70M 185.94M 149.34M 120.86M 86.72M
Total stockholder equity 263.65M 265.25M 260.43M 247.84M 243.96M
Deferred long term liab - - - - -
Other current liab 68.87M 51.81M 46.84M 36.26M 25.77M
Common stock 1.17M 1.17M 1.16M 1.16M 1.16M
Capital stock 1.17M 1.17M 1.16M 1.16M 1.16M
Retained earnings 86.29M 43.25M 39.72M 28.35M 30.52M
Other liab 18.49M 36.55M 34.11M 24.45M 14.37M
Good will 158.70M 146.80M 135.68M 117.74M 95.01M
Other assets 13.30M 16.90M 16.58M 12.08M 11.51M
Cash 83.06M 88.09M 88.13M 81.92M 87.13M
Cash and equivalents - - - - -
Total current liabilities 132.64M 106.25M 84.83M 66.88M 52.96M
Current deferred revenue 10.90M 10.77M 8.79M 8.72M 4.50M
Net debt -3.27000M -25.98900M -38.72400M -44.34400M -59.07700M
Short term debt 25.23M 18.96M 14.94M 10.91M 8.66M
Short long term debt 20.67M 15.02M 11.53M 7.08M 8.66M
Short long term debt total 79.79M 62.10M 49.40M 37.57M 28.05M
Other stockholder equity 182.76M 211.54M 211.71M 218.65M 218.28M
Property plant equipment 36.53M 30.17M 30.33M 18.30M 2.93M
Total current assets 250.98M 246.78M 211.23M 205.05M 211.26M
Long term investments - - - - -
Net tangible assets 53.50M 67.06M 71.18M 78.67M 107.33M
Short term investments 3.90M 6.73M 1.53M 13.60M 26.79M
Net receivables 164.02M 151.96M 121.57M 109.54M 97.34M
Long term debt 30.41M 22.17M 13.35M 15.54M 19.39M
Inventory - - - - -3.71200M
Accounts payable 27.65M 24.71M 14.25M 10.99M 14.04M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -6.55900M 9.29M 7.83M -0.32400M -6.12500M
Additional paid in capital - - - - -
Common stock total equity - - 1.16M 1.16M 1.16M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 8.14M 8.81M 10.18M 9.88M 9.65M
Deferred long term asset charges - - - - -
Non current assets total 259.99M 245.27M 232.10M 202.43M 151.06M
Capital lease obligations 28.71M 24.91M 24.52M 14.95M -
Long term debt total - - - 15.54M 19.39M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -27.33800M -5.39000M 13.00M 12.69M -13.80700M
Change to liabilities -3.10700M 10.54M -0.68700M -2.33900M 1.83M
Total cashflows from investing activities -27.33800M -18.45400M -9.60400M -15.44000M -19.55400M
Net borrowings 16.38M 11.10M 0.32M -12.74600M -7.04500M
Total cash from financing activities -18.35300M -21.28600M -39.64700M -36.98000M 11.55M
Change to operating activities -4.44100M 9.09M 12.94M 3.82M -4.66100M
Net income 46.52M 34.90M 30.12M 25.60M 24.78M
Change in cash -5.02800M -0.03700M 6.21M -5.21100M 11.05M
Begin period cash flow 88.09M 88.13M 81.92M 87.13M 76.08M
End period cash flow 83.06M 88.09M 88.13M 81.92M 87.13M
Total cash from operating activities 49.52M 40.49M 52.30M 45.95M 24.05M
Issuance of capital stock - 0.00000M 0.00000M 0.10M 34.57M
Depreciation 15.47M 14.67M 13.94M 14.03M 12.56M
Other cashflows from investing activities - - - -9.91800M -15.02500M
Dividends paid -24.84100M -21.78000M -12.50300M -14.96300M 13.54M
Change to inventory - 6.71M 8.18M -7.67300M 2.20M
Change to account receivables -6.12300M -24.92500M -0.54000M 16.14M -15.77200M
Sale purchase of stock - - - 0.95M 0.86M
Other cashflows from financing activities 20.81M 14.96M -17.77500M -9.44400M -2.74000M
Change to netincome 5.92M 3.63M 3.21M 3.63M 5.80M
Capital expenditures 7.66M 4.63M 6.07M 5.52M 4.53M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -4.87500M -10.13500M 8.31M 6.13M -13.67300M
Stock based compensation 2.10M 0.96M 1.65M 0.07M 0.19M
Other non cash items -3.84300M 0.53M -0.07000M 1.90M -0.33700M
Free cash flow 41.86M 35.86M 46.22M 40.43M 19.52M

Fundamentals

  • Previous Close 11.61
  • Market Cap491.91M
  • Volume50680
  • P/E Ratio13.01
  • Dividend Yield6.53%
  • EBITDA70.28M
  • Revenue TTM556.65M
  • Revenue Per Share TTM11.34
  • Gross Profit TTM 155.35M
  • Diluted EPS TTM0.77

Peer Comparison

Sector: Technology Industry: Information Technology Services

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MGIC
Magic Software Enterprises Ltd
-0.03 0.26% 11.58 13.01 23.92 0.85 1.90 0.86 6.01
ACN
Accenture plc
-4.54 1.45% 309.00 32.82 27.93 3.32 8.03 3.23 19.64
IBM
International Business Machines
-15.19 8.25% 168.91 20.85 16.29 2.43 6.44 3.21 13.87
FI
Fiserv Inc.
1.04 0.68% 153.29 28.20 15.58 4.24 2.70 5.45 13.13
INFY
Infosys Ltd ADR
-0.03 0.18% 17.01 25.55 22.78 4.20 8.01 4.10 15.87

Reports Covered

Stock Research & News

Profile

Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud based services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

Magic Software Enterprises Ltd

Terminal Center, Or Yehuda, Israel, 6037501

Key Executives

Name Title Year Born
Mr. Arik Kilman Chairman of Software Solutions Division 1953
Mr. Arik Faingold Pres of Integration Solutions Division 1977
Mr. Yuval Baruch Chief Exec. Officer of Hermes Logistics Technologies 1967
Mr. Yakov Tsaroya Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc. 1970
Mr. Hanan Shahaf MBA Chief Exec. Officer of Roshtov Software Industries Ltd 1952
Mr. Guy Bernstein CEO & Director 1968
Mr. Asaf Berenstin Chief Financial Officer 1978
Mr. Yuval Lavi Chief Technology Officer 1969
Mr. Amit Birk VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec. 1971
Ms. Karin Netzer Chief Marketing Officer NA

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