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Magic Software Enterprises (MGIC)

(Delayed Data from NSDQ)

$11.64 USD

11.64
31,504

+0.06 (0.52%)

Updated Apr 26, 2024 03:59 PM ET

After-Market: $11.63 -0.01 (-0.09%) 6:50 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth C Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 33% (82 out of 252)

Industry: Computer - Software

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Balance Sheet

Research for MGIC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Magic Software Enterprises Ltd falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 107 87 95 90 96
Receivables 150 132 127 122 110
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 30 25 0 0
Total Current Assets 257 249 247 211 205
Net Property & Equipment 8 8 6 6 4
Investments & Advances NA 0 0 0 0
Other Non-Current Assets 8 6 5 0 6
Deferred Charges 8 4 8 6 2
Intangibles 217 211 198 189 169
Deposits & Other Assets NA 0 4 10 4
Total Assets 524 505 492 447 405
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable NA 0 0 0 0
Accounts Payable 28 28 25 14 11
Current Portion Long-Term Debt 29 21 17 12 7
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses 41 47 45 42 33
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities 39 56 17 14 12
Total Current Liabilities 142 156 108 85 67
Mortgages NA 0 0 0 0
Deferred Taxes/Income 13 11 18 18 11
Convertible Debt NA 0 0 0 0
Long-Term Debt 52 30 20 13 16
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 3 7 18 16 13
Minority Interest (Liabilities) NA 0 30 25 22
Total Liabilities 233 229 216 178 140
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1 1 1 1
Capital Surplus NA 182 212 212 219
Retained Earnings NA 86 43 40 28
Other Equity NA 7 20 16 17
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity 291 276 276 269 265
Total Liabilities & Shareholder's Equity 524 505 492 447 405
Total Common Equity 100,290 276 276 269 265
Shares Outstanding 49.00 49.00 49.00 49.00 48.90
Book Value Per Share 2,046.73 5.64 5.63 5.49 5.41

Fiscal Year End for Magic Software Enterprises Ltd falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 107 107 106 106
Receivables NA 150 135 153 164
Notes Receivable NA NA 0 0 0
Inventories NA NA 0 0 0
Other Current Assets NA NA 0 0 0
Total Current Assets NA 257 242 259 270
Net Property & Equipment NA 8 7 8 8
Investments & Advances NA NA 0 0 0
Other Non-Current Assets NA 8 10 6 6
Deferred Charges NA 8 7 5 4
Intangibles NA 217 212 227 206
Deposits & Other Assets NA NA 0 0 0
Total Assets NA 524 502 530 521
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA NA 0 0 0
Accounts Payable NA 28 24 26 29
Current Portion Long-Term Debt NA 29 31 31 26
Current Portion Capital Leases NA NA 0 0 0
Accrued Expenses NA 41 40 44 41
Income Taxes Payable NA NA 0 0 0
Other Current Liabilities NA 39 38 43 72
Total Current Liabilities NA 142 137 148 172
Mortgages NA NA 0 0 0
Deferred Taxes/Income NA 13 13 11 12
Convertible Debt NA NA 0 0 0
Long-Term Debt NA 52 57 59 41
Non-Current Capital Leases NA NA 0 0 0
Other Non-Current Liabilities NA 4 3 3
Minority Interest (Liabilities) NA NA 0 0 0
Total Liabilities NA 233 232 242 252
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA NA 0 0 0
Common Stock (Par) NA NA 0 0 0
Capital Surplus NA NA 0 0 0
Retained Earnings NA NA 0 0 0
Other Equity NA NA 0 0 0
Treasury Stock NA NA 0 0 0
Total Shareholder's Equity NA 291 270 288 269
Total Liabilities & Shareholder's Equity NA 524 502 530 521
Total Common Equity 0 100,290 270 288 269
Shares Outstanding 49.00 49.00 49.00 49.00 49.00
Book Value Per Share 0.00 2,046.73 5.51 5.87 5.49