View Past PerformanceThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsMagic Software Enterprises バランスシートの健全性財務の健全性 基準チェック /56Magic Software Enterprisesの総株主資本は$300.8M 、総負債は$69.2Mで、負債比率は23%となります。総資産と総負債はそれぞれ$559.8Mと$259.0Mです。 Magic Software Enterprisesの EBIT は$64.4Mで、利息カバレッジ比率22.8です。現金および短期投資は$103.3Mです。主要情報23.00%負債資本比率US$69.21m負債インタレスト・カバレッジ・レシオ22.8x現金US$103.31mエクイティUS$300.83m負債合計US$258.98m総資産US$559.81m財務の健全性に関する最新情報お知らせ • May 01Magic Software Enterprises Ltd. announced delayed 20-F filingOn 04/30/2025, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.お知らせ • Mar 11+ 2 more updatesShares of Magic Software to Delist from the TASE and NASDAQ After Completion of MergerMagic Software Enterprises Ltd. announced that it signed an Memorandum of Understanding (“MOU“) with respect to a proposed merger with Matrix I.T Ltd. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned (100%) subsidiary of Matrix. Ordinary shares of Matrix will continue to be traded exclusively on the Tel-Aviv Stock Exchange Ltd. (the “TASE“). Magic's ordinary shares are expected to be delisted from trading on the TASE and NASDAQ.お知らせ • Apr 30Magic Software Enterprises Ltd. announced delayed 20-F filingOn 04/29/2024, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.分析記事 • Oct 26Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Sep 01Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Dec 28Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...すべての更新を表示Recent updatesお知らせ • Feb 25Matrix IT Ltd. (TASE:MTRX) completed the acquisition of Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others.Matrix IT Ltd. (TASE:MTRX) entered into memorandum of understanding to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others for ILS 2.6 billion on March 10, 2025. The consideration consists of issue of ordinary shares of Matrix IT Ltd. in exchange for Magic Software Enterprises Ltd shares, an aggregate of 28,861,563 ordinary shares of Matrix, representing 0.5878202 Matrix ordinary shares for each one (1) Magic Software Enterprises Ltd ordinary share. Upon completion, Eligible Shareholders of Magic Software Enterprises Ltd are expected to hold, 31.125% of the issued and paid-up share capital of Matrix on a fully diluted basis, and the shareholders of Matrix are expected to hold 68.875% of the issued and paid-up share capital of Matrix on a fully diluted basis. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned of Matrix. On November 3, 2025, Magic Software Enterprises Ltd. entered into a definitive Agreement and Plan of Merger with Matrix IT Ltd. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, definitive agreement, approval by shareholders of both Matrix and Magic Software and third party approval needed. The deal has been approved by the Magic Software board. Matrix board of directors appointed an independent committee to evaluate the transaction. As of December 10, 2025, the transaction has been approved by the shareholders of Magic Software Enterprises Ltd. As of February 5, 2026, the parties have satisfied the conditions precedent to the closing of the Merger, including the receipt of the Israel Tax Authority tax ruling, except the receipt of the merger certificate from the Israeli Registrar of Companies is still pending. Value Base M&A Ltd. acted as financial advisor for Magic Software Enterprises Ltd. Gornitzky & Co. acted as legal advisor for Magic Software Enterprises Ltd. Guy Ben Ami, Steven Glusband and Melinda Fellner of Carter Ledyard & Milburn, LLP acted as legal advisor for Magic Software Enterprises Ltd. William Blair & Company, L.L.C. acted as financial advisor for Matrix IT Ltd. Jefferies LLC acted as financial advisor, KPMG acted as an accountant and Herzog Fox & Neeman acted as legal advisor for the independent committee of Matrix IT Ltd. Carter Ledyard & Milburn acted as U.S. securities counsel. Prometheus Financial Advisory acted as fairness opinion provider to Matrix IT Ltd. Matrix IT Ltd. (TASE:MTRX) completed the acquisition of Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others on February 24, 2026. The transaction has received the merger certificate issued by the Israeli Registrar of Companies. Upon receipt of the Merger Certificate, all Conditions Precedent to completion of the Merger were satisfied. Following the completion of the Merger, the Magic Software Enterprises Ltd.'s ordinary shares will be delisted from trading on the TASE and from NASDAQ, and the Company will be a private company wholly owned by Matrix IT Ltd.お知らせ • Nov 19+ 1 more updateMagic Software Enterprises Ltd. Revises Earnings Guidance for the Full Year 2025Magic Software Enterprises Ltd. revised earnings guidance for the full year 2025. for the year, the company increased revenue from previous estimate of $600 million to $610 million to a revised range of $610 million to $620 million, (based on current currency exchange rates). This updated guidance reflects its sustained operational momentum and favorable outlook for the fourth quarter of 2025, representing an anticipated annual revenue growth rate of approximately 10.4% to 12.2% as compared to the prior fiscal year.お知らせ • Nov 10Magic Software Enterprises Ltd. to Report Q3, 2025 Results on Nov 18, 2025Magic Software Enterprises Ltd. announced that they will report Q3, 2025 results on Nov 18, 2025ナラティブの更新 • Aug 15Merger With Matrix Will Expand Offerings And Strengthen Market PresenceAnalysts have raised their price target for Magic Software Enterprises to $18.00, citing better-than-expected revenue growth and improved operational outlook despite some margin pressure. Analyst Commentary Top-line growth exceeded both internal and consensus estimates.Seeking Alpha • Aug 14Magic Software: Expecting A Reversal Of Negative Mix In Q4Summary Magic Software delivered solid revenue growth, particularly in Israel, driven by project-based demand, with North America showing a return to even organic growth. Profit growth was temporarily hindered by a negative revenue mix, but a rebound is expected in Q4 as higher-margin software sales pick up. The company raised revenue guidance due to a strong project pipeline. Valuation is in line with parent/peer and sprawling holding company Asseco, trading at a fair ~25-27x PE. It's in line with its own historical midpoint multiple as well. Read the full article on Seeking Alphaお知らせ • Aug 14+ 1 more updateMagic Software Enterprises Ltd. Increases Revenue Guidance for the Full Year 2025Magic Software Enterprises Ltd. increased revenue guidance for the full year 2025. For the year company now expects revenue in range of $600 million to $610 million compared to previous estimate of $593 million to $603 million. This updated guidance reflects sustained operational momentum and favorable outlook for the second half of the fiscal year, representing an anticipated annual revenue growth rate of approximately 8.6% to 10.4% as compared to the prior fiscal year.お知らせ • Jul 29Magic Software Enterprises Ltd. to Report Q2, 2025 Results on Aug 13, 2025Magic Software Enterprises Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025お知らせ • Jul 16Magic Software Enterprises Ltd. (NasdaqGS : MGIC) acquired Axiom Manufacturing Systems.Magic Software Enterprises Ltd. (NasdaqGS : MGIC) acquired Axiom Manufacturing Systems on July 15, 2025. Magic Software Enterprises Ltd. (NasdaqGS : MGIC) completed the acquisition of Axiom Manufacturing Systems on July 15, 2025.お知らせ • May 21Magic Software Enterprises Ltd. Reiterates Earnings Guidance for the Year 2025Magic Software Enterprises Ltd. reiterated earnings guidance for the year 2025. Magic is reiterating its 2025 annual revenue guidance of between $593 million and $603 million (based on current currency exchange rates) reflecting an annual growth of 7.3% to 9.1% compared to prior year.お知らせ • May 12Magic Software Enterprises Ltd. to Report Q1, 2025 Results on May 21, 2025Magic Software Enterprises Ltd. announced that they will report Q1, 2025 results on May 21, 2025お知らせ • May 06Magic Software Enterprises Ltd., Annual General Meeting, Jun 10, 2025Magic Software Enterprises Ltd., Annual General Meeting, Jun 10, 2025. Location: terminal center, 1 yahadut canada street, or yehuda Israelお知らせ • May 01Magic Software Enterprises Ltd. announced delayed 20-F filingOn 04/30/2025, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.お知らせ • Mar 13Matrix IT Ltd. (TASE:MTRX) entered into MOU to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC).Matrix IT Ltd. (TASE:MTRX) entered into MOU to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC) on March 10, 2025. The consideration consists of common equity of Matrix IT Ltd. to be issued for common equity of Magic Software Enterprises Ltd. As part of consideration, an undisclosed value is paid towards common equity of Magic Software Enterprises Ltd. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned of Matrix. Magic's shareholders will receive merger consideration in Matrix shares, based on the relative valuations of both Companies presented by the Committees' financial advisors (which were adopted by the Committee, including in its capacity as Magic's Audit Committee, and by Magic’s Board of Directors) and the derived exchange ratio derived of 31.125%/68.875%. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, definitive agreement and third party approval needed. The deal has been approved by the Magic Software board. Value Base M&A Ltd. acted as financial advisor for Magic Software Enterprises Ltd. Gornitzky & Co. acted as legal advisor for Magic Software Enterprises Ltd. William Blair & Company, L.L.C acted as financial advisor for Matrix IT Ltd.お知らせ • Mar 11+ 2 more updatesShares of Magic Software to Delist from the TASE and NASDAQ After Completion of MergerMagic Software Enterprises Ltd. announced that it signed an Memorandum of Understanding (“MOU“) with respect to a proposed merger with Matrix I.T Ltd. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned (100%) subsidiary of Matrix. Ordinary shares of Matrix will continue to be traded exclusively on the Tel-Aviv Stock Exchange Ltd. (the “TASE“). Magic's ordinary shares are expected to be delisted from trading on the TASE and NASDAQ.お知らせ • Feb 18Magic Software Enterprises Ltd. to Report Q4, 2024 Results on Mar 12, 2025Magic Software Enterprises Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025Upcoming Dividend • Dec 16Upcoming dividend of US$0.24 per shareEligible shareholders must have bought the stock before 23 December 2024. Payment date: 08 January 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (0.8%).分析記事 • Nov 20Magic Software Enterprises Ltd. Just Missed Earnings - But Analysts Have Updated Their ModelsLast week, you might have seen that Magic Software Enterprises Ltd. ( NASDAQ:MGIC ) released its third-quarter result...Reported Earnings • Nov 20Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.17 (up from US$0.15 in 3Q 2023). Revenue: US$143.0m (up 10% from 3Q 2023). Net income: US$8.43m (up 18% from 3Q 2023). Profit margin: 5.9% (up from 5.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.お知らせ • Nov 19+ 1 more updateMagic Software Enterprises Ltd. Declares A Semi-Annual Cash Dividend, Payable on January 8, 2025In accordance with its dividend distribution policy, Magic Software Enterprises Ltd.’s board of directors declared a semi-annual cash dividend in an amount of 23.6 cents per share and in an aggregate amount of approximately $11.6 million, reflecting approximately 65% of its distributable profits for the first half of 2024. The dividend is payable on January 8, 2025, to all of the Company’s shareholders of record at the close of trading on the NASDAQ Global Select Market on December 23, 2024.お知らせ • Nov 04Magic Software Enterprises Ltd. to Report Q3, 2024 Results on Nov 18, 2024Magic Software Enterprises Ltd. announced that they will report Q3, 2024 results on Nov 18, 2024新しいナラティブ • Sep 19Theoris, Inc Acquisition And Digital Focus Set To Revolutionize Revenue And Market Dominance Acquisition of Theoris, Inc. and an improving U.S. economy bolster Magic Software Enterprises' service offerings and client base, driving revenue growth. お知らせ • Aug 14Magic Software Enterprises Ltd. Reiterates Earnings Guidance for the Year 2024Magic Software Enterprises Ltd. reiterated earnings guidance for the year 2024. The company is reiterating 2024 annual revenue guidance of between $540 million and $550 million.Price Target Changed • Jul 29Price target increased by 7.7% to US$14.00Up from US$13.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of US$11.68. Stock is down 6.9% over the past year. The company is forecast to post earnings per share of US$0.76 for next year compared to US$0.75 last year.お知らせ • Jul 22Magic Software Enterprises Ltd. to Report Q2, 2024 Results on Aug 14, 2024Magic Software Enterprises Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024Seeking Alpha • Jul 05Magic Software: Near-Term Alpha, Long-Term UnderperformanceSummary Magic Software (MGIC) is expected to rise significantly due to its high dividend yield and undervaluation, but it is unlikely to outperform the market over the long term. Magic's low-code development and Industry 4.0 solutions position it well for digital transformation trends despite risks from industry competition and dependency on key clients. Magic's resilient FCF, conservative growth forecasts, and current undervaluation present a buying opportunity, projecting a stock price of $16.11 by December 2025, implying a 35% CAGR. Read the full article on Seeking Alphaお知らせ • May 18+ 1 more updateMagic Software Enterprises Ltd Declares Semi-Annual Cash Dividend, Payable on July 13, 2024Magic Software Enterprises Ltd. board of directors declared a semi-annual cash dividend in an amount of 20.4 cents per share and in an aggregate amount of approximately $10.0 million, reflecting approximately 70% of its distributable profits for the second half of 2023. The dividend is payable on July 13, 2024, to all of the Company’s shareholders of record at the close of trading on the NASDAQ Global Select Market on June 27, 2024.お知らせ • May 03Magic Software Enterprises Ltd. to Report Q1, 2024 Results on May 16, 2024Magic Software Enterprises Ltd. announced that they will report Q1, 2024 results on May 16, 2024お知らせ • Apr 30Magic Software Enterprises Ltd. announced delayed 20-F filingOn 04/29/2024, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.お知らせ • Apr 06Magic Software Enterprises Ltd., Annual General Meeting, May 13, 2024Magic Software Enterprises Ltd., Annual General Meeting, May 13, 2024, at 10:00 Israel Standard Time. Location: 1 Yahadut Canada Street, Or Yehuda 6037501 Yehuda Israel Agenda: To re-elect each of the following three nominees to the Company’s Board of Directors, or the Board of Directors, to serve as a director of the Company until the next annual general meeting of shareholders of the Company: Mr. Guy Bernstein, Ms. Naamit Salomon and Mr. Avi Zakay; to initially elect Mr. Sami Totah to serve as a director on the Board of Directors until the next annual general meeting of shareholders of the Company; to re-elect Mr. Ron Ettlinger to serve as an external director (as such term is defined in the Israeli Companies Law, 5759-1999, or the Israeli Companies Law) on the Board of Directors for a one-year term; and to consider other matters.Seeking Alpha • Apr 03The Bear's Case For Magic Software EnterprisesSummary Magic Software Enterprises has enjoyed historic growth, but that growth has slowed, demonstrated by its previous quarterly earnings report. The company's most recent quarterly earnings showed weaknesses to its business, and it will not be able to overcome new challenges in my opinion. Economic risks, geopolitical issues, and a decline in business will hamper Magic Software Enterprises into 2024 and beyond. Read the full article on Seeking Alpha分析記事 • Mar 20Investors Can Find Comfort In Magic Software Enterprises' (NASDAQ:MGIC) Earnings QualityMagic Software Enterprises Ltd.'s ( NASDAQ:MGIC ) stock was strong despite it releasing a soft earnings report last...Major Estimate Revision • Mar 20Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$473.8m to US$540.0m. EPS estimate increased from US$0.61 to US$0.75 per share. Net income forecast to shrink 0.6% next year vs 25% growth forecast for Software industry in the US . Consensus price target up from US$13.00 to US$14.00. Share price rose 14% to US$12.14 over the past week.分析記事 • Mar 15Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), might not be a large cap stock, but it saw a significant share price...Reported Earnings • Mar 13Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: US$0.75 (down from US$0.82 in FY 2022). Revenue: US$535.1m (down 5.6% from FY 2022). Net income: US$37.0m (down 8.5% from FY 2022). Profit margin: 6.9% (down from 7.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Software industry in the US are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Mar 13Magic Software Enterprises Ltd. Provides Revenue Guidance for the Year 2024Magic Software Enterprises Ltd. provided revenue guidance for the year 2024. For the year, the company expected revenue of between $540 million and $550 million. Measured against Magic Software’s annualized 2023 fourth quarter revenue on a go-forward basis, the 2024 annual revenue guidance reflects an annual growth of 7.5% to 9.5%.お知らせ • Feb 29Magic Software Enterprises Ltd. to Report Q4, 2023 Results on Mar 13, 2024Magic Software Enterprises Ltd. announced that they will report Q4, 2023 results on Mar 13, 2024Reported Earnings • Nov 16Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$129.5m (down 10% from 3Q 2022). Net income: US$7.15m (down 39% from 3Q 2022). Profit margin: 5.5% (down from 8.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Software industry in the US are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.お知らせ • Nov 15Magic Software Enterprises Ltd. Provides Revenue Guidance for the Fourth Quarter of 2023Magic Software Enterprises Ltd. provided revenue guidance for the fourth quarter of 2023. For the period, the company expects revenue to be in the range of $115 million - $125 million.Major Estimate Revision • Nov 10Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$575.6m to US$524.3m. EPS estimate also fell from US$0.93 per share to US$0.71 per share. Net income forecast to shrink 24% next year vs 15% growth forecast for Software industry in the US . Consensus price target of US$18.00 unchanged from last update. Share price fell 16% to US$8.65 over the past week.分析記事 • Nov 10Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), is not the largest company out there, but it saw significant share...New Risk • Nov 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 22% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Nov 09Magic Software Enterprises Ltd. to Report Q3, 2023 Results on Nov 14, 2023Magic Software Enterprises Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023Valuation Update With 7 Day Price Move • Nov 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$8.48, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 44x in the Software industry in the US. Total loss to shareholders of 29% over the past three years.分析記事 • Oct 26Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Oct 18Magic Software Enterprises Ltd. Appoints Sami Totah to Board of DirectorsMagic Software Enterprises Ltd. announced the appointment of Mr. Sami Totah to board of directors.分析記事 • Aug 28Magic Software Enterprises (NASDAQ:MGIC) Will Pay A Larger Dividend Than Last Year At $0.327Magic Software Enterprises Ltd.'s ( NASDAQ:MGIC ) dividend will be increasing from last year's payment of the same...Upcoming Dividend • Aug 22Upcoming dividend of US$0.33 per share at 5.2% yieldEligible shareholders must have bought the stock before 29 August 2023. Payment date: 13 September 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (0.9%).お知らせ • Aug 15+ 1 more updateMagic Software Enterprises Ltd. Declares Semi-Annual Cash Dividend, Payable on September 13, 2023Magic Software Enterprises Ltd.'s board of directors declared a semi-annual cash dividend in an amount of 32.7 cents per share and in an aggregate amount of approximately $16.1 million, reflecting approximately 75% of its distributable profits for the first half of 2023. The dividend is payable on September 13, 2023, to all of the Company’s shareholders of record at the close of trading on the NASDAQ Global Select Market on August 30, 2023.Reported Earnings • Aug 14Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: US$0.23 (up from US$0.16 in 2Q 2022). Revenue: US$137.6m (flat on 2Q 2022). Net income: US$11.3m (up 41% from 2Q 2022). Profit margin: 8.2% (up from 5.8% in 2Q 2022). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Buying Opportunity • Aug 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be US$16.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 4.5% in a year. Earnings is forecast to grow by 17% in the next year.分析記事 • Jul 26Is There Now An Opportunity In Magic Software Enterprises Ltd. (NASDAQ:MGIC)?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), might not be a large cap stock, but it received a lot of attention...お知らせ • Jul 23Magic Software Enterprises Ltd. to Report Q2, 2023 Results on Aug 14, 2023Magic Software Enterprises Ltd. announced that they will report Q2, 2023 results on Aug 14, 2023Buying Opportunity • Jul 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 3.5%. The fair value is estimated to be US$16.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 4.5% in a year. Earnings is forecast to grow by 17% in the next year.Buying Opportunity • May 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be US$16.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 4.5% in a year. Earnings is forecast to grow by 17% in the next year.お知らせ • May 19Magic Software Enterprises Ltd. Reiterates Revenue Guidance for the Year 2023Magic Software Enterprises Ltd. reiterated revenue guidance for the year 2023. For the year, the company is reiterating revenue guidance of between $585 million and $593 million, reflecting annual growth of 3.2% to 4.6% (based on current currency exchange rates).Reported Earnings • May 18First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: US$0.21 (up from US$0.20 in 1Q 2022). Revenue: US$142.4m (up 2.7% from 1Q 2022). Net income: US$10.1m (up 5.1% from 1Q 2022). Profit margin: 7.1% (up from 6.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 30Upcoming dividend of US$0.30 per share at 4.3% yieldEligible shareholders must have bought the stock before 06 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (1.0%).分析記事 • Mar 15Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), might not be a large cap stock, but it saw significant share price...Price Target Changed • Mar 10Price target decreased by 18% to US$23.00Down from US$28.00, the current price target is provided by 1 analyst. New target price is 62% above last closing price of US$14.20. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$0.98 for next year compared to US$0.83 last year.Reported Earnings • Mar 10Full year 2022 earnings released: EPS: US$0.83 (vs US$0.52 in FY 2021)Full year 2022 results: EPS: US$0.83 (up from US$0.52 in FY 2021). Revenue: US$566.8m (up 18% from FY 2021). Net income: US$40.7m (up 61% from FY 2021). Profit margin: 7.2% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$13.59, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 45x in the Software industry in the US. Total returns to shareholders of 48% over the past three years.お知らせ • Feb 07Magic Software Enterprises Ltd. to Report Q4, 2022 Results on Mar 09, 2023Magic Software Enterprises Ltd. announced that they will report Q4, 2022 results on Mar 09, 2023お知らせ • Jan 20Magic Software Enterprises Ltd., Annual General Meeting, Feb 23, 2023Magic Software Enterprises Ltd., Annual General Meeting, Feb 23, 2023, at 10:00 Israel Standard Time. Location: 1 Yahadut Canada Street Or Yehuda Israel Agenda: To review and discuss auditor’s report and consolidated financial statements for the year ended December 31, 2021; to elect three directors for terms expiring at the company's 2023 Annual General Meeting of Shareholders; and to ratify and approve the re-appointment of Kost Forer Gabbay & Kasierer, registered public accounting firm, a member firm of Ernst & Young Global, as the company's independent registered public accounting firm for the year ended December 31, 2022 and to authorize the company's Board of Directors to delegate to the Audit Committee the authority to fix the compensation for such independent registered public accountants in accordance with the volume and nature of their services.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Avi Zakay was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Nov 04Is Now An Opportune Moment To Examine Magic Software Enterprises Ltd. (NASDAQ:MGIC)?While Magic Software Enterprises Ltd. ( NASDAQ:MGIC ) might not be the most widely known stock at the moment, it saw...分析記事 • Sep 01Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Seeking Alpha • Aug 26Magic Software goes ex-dividend on MondayMagic Software (NASDAQ:MGIC) had declared $0.29/share semi-annual dividend, 34.3% increase from prior dividend of $0.22. Payable Sept. 13; for shareholders of record Aug. 30; ex-div Aug. 29. See MGIC Dividend Scorecard, Yield Chart, & Dividend Growth.Upcoming Dividend • Aug 22Upcoming dividend of US$0.29 per shareEligible shareholders must have bought the stock before 29 August 2022. Payment date: 13 September 2022. Payout ratio is on the higher end at 90%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.0%). Higher than average of industry peers (0.9%).Reported Earnings • Aug 12Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.19 (up from US$0.16 in 2Q 2021). Revenue: US$137.0m (up 15% from 2Q 2021). Net income: US$9.49m (up 22% from 2Q 2021). Profit margin: 6.9% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 8.5%, compared to a 18% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year.Seeking Alpha • Aug 10Magic Software Q2 2022 Earnings PreviewMagic Software (NASDAQ:MGIC) is scheduled to announce Q2 earnings results on Thursday, August 11th, before market open. The consensus EPS Estimate is $0.27 (+17.4% Y/Y) and the consensus Revenue Estimate is $131.7M (+10.5% Y/Y). Over the last 2 years, MGIC has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 0 upward revisions and 1 downward.Board Change • Aug 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Avi Zakay was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Seeking Alpha • May 15Magic Software Continues To Create Revenue Platforms In Resilient IndustriesMagic Software has about 80% of its revenue coming from long-term engagements with current clients. Growth is being driven by the signing of contracts with new clients primarily in healthcare and defense. These resilient industries are creating an attractive revenue platform for the company, and the cash generation drivers continue to fire. The company continues to be a nice mid-cap tech exposure, but it's beginning to trade too dearly for us high conviction investors to be interested.Price Target Changed • Apr 27Price target increased to US$28.00Up from US$22.00, the current price target is provided by 1 analyst. New target price is 63% above last closing price of US$17.14. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of US$0.85 for next year compared to US$0.52 last year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Avi Zakay was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 16Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 23 March 2022. Payment date: 07 April 2022. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (3.7%). Higher than average of industry peers (0.9%).分析記事 • Mar 05Magic Software Enterprises (NASDAQ:MGIC) Is Increasing Its Dividend To US$0.22Magic Software Enterprises Ltd. ( NASDAQ:MGIC ) will increase its dividend on the 7th of April to US$0.22. This makes...Reported Earnings • Mar 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: US$0.60 (up from US$0.49 in FY 2020). Revenue: US$480.3m (up 29% from FY 2020). Net income: US$29.3m (up 23% from FY 2020). Profit margin: 6.1% (down from 6.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 11%, compared to a 49% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Seeking Alpha • Mar 03Magic's Growth Strengthens Asseco Case, But Receivables Are BloatingWe follow Magic Software because it's held by Asseco Poland, one of our favourite Eastern European companies that has sold off over the Russia-Ukraine conflict. It continues to deliver strong organic growth and generate a lot of repeat business. While professional services is growing in the mix, and we'd prefer strength in the software side, Magic demonstrates continued demand for digital transformation. Q4 was especially strong despite difficult comps, delivering double-digit growth, but operating cash flow weirdly declined. The dividend is also attractive for a tech company, but we'd have liked analysts to question the receivables situation before we recommend buying.分析記事 • Feb 24Magic Software Enterprises (NASDAQ:MGIC) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...分析記事 • Dec 28Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • Dec 21Magic Software Continues To Deliver Growth, But Consulting Model Exposed To Human Capital RisksMagic Software continues to benefit from the digitalisation boom and the boom in M&A, where IT integration services, especially for the cloud, become necessary. While Magic's organic performance continues to impress us, we use this note to focus on the fact that 80% of Magic's revenues are essentially tech consulting. While a good platform for selling software, which admittedly has declined in the mix, consulting services are exposed to human capital risks, more acute in a 'great resignation' environment. While Magic continues to be attractive, at least as a holding of our Asseco Poland investment, we note that human capital risks, specifically attrition and payroll increases, could impact the company.Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.14 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$120.9m (up 27% from 3Q 2020). Net income: US$7.50m (up 5.8% from 3Q 2020). Profit margin: 6.2% (down from 7.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Nov 03Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), is not the largest company out there, but it led the NASDAQGS gainers...分析記事 • Oct 18There's Been No Shortage Of Growth Recently For Magic Software Enterprises' (NASDAQ:MGIC) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Seeking Alpha • Sep 12Magic Software Enterprises: Benefits From Durable M&A, Digitalization And Logistics StrengthAs part of Asseco's Formula Systems assets, Magic Software has delivered soundly in their businesses with over 20% in organic revenue growth. With exposure to business transformation initiatives, related substantially to acquisition activity, Magic is likely to continue to deliver. Moreover, the digitalization trends accelerated by COVID-19 continue to be a tailwind for Magic in IT services and for the rest of their software on offer. For a low double-digit multiple and with even a decent dividend yield, Magic is a worthwhile exposure which we continue to hold through Asseco Poland.財務状況分析短期負債: MGICの 短期資産 ( $285.2M ) が 短期負債 ( $192.8M ) を超えています。長期負債: MGICの短期資産 ( $285.2M ) が 長期負債 ( $66.2M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: MGIC総負債よりも多くの現金を保有しています。負債の削減: MGICの負債対資本比率は、過去 5 年間で10.4%から23%に増加しました。債務返済能力: MGICの負債は 営業キャッシュフロー によって 十分にカバー されています ( 95.9% )。インタレストカバレッジ: MGICの負債に対する 利息支払い は EBIT ( 22.8 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/02/25 09:56終値2026/02/23 00:00収益2025/09/30年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Magic Software Enterprises Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Bradley SillsMaxim GroupMargaret Niesen NolanWilliam Blair & Company L.L.C.
お知らせ • May 01Magic Software Enterprises Ltd. announced delayed 20-F filingOn 04/30/2025, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
お知らせ • Mar 11+ 2 more updatesShares of Magic Software to Delist from the TASE and NASDAQ After Completion of MergerMagic Software Enterprises Ltd. announced that it signed an Memorandum of Understanding (“MOU“) with respect to a proposed merger with Matrix I.T Ltd. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned (100%) subsidiary of Matrix. Ordinary shares of Matrix will continue to be traded exclusively on the Tel-Aviv Stock Exchange Ltd. (the “TASE“). Magic's ordinary shares are expected to be delisted from trading on the TASE and NASDAQ.
お知らせ • Apr 30Magic Software Enterprises Ltd. announced delayed 20-F filingOn 04/29/2024, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
分析記事 • Oct 26Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Sep 01Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Dec 28Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Feb 25Matrix IT Ltd. (TASE:MTRX) completed the acquisition of Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others.Matrix IT Ltd. (TASE:MTRX) entered into memorandum of understanding to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others for ILS 2.6 billion on March 10, 2025. The consideration consists of issue of ordinary shares of Matrix IT Ltd. in exchange for Magic Software Enterprises Ltd shares, an aggregate of 28,861,563 ordinary shares of Matrix, representing 0.5878202 Matrix ordinary shares for each one (1) Magic Software Enterprises Ltd ordinary share. Upon completion, Eligible Shareholders of Magic Software Enterprises Ltd are expected to hold, 31.125% of the issued and paid-up share capital of Matrix on a fully diluted basis, and the shareholders of Matrix are expected to hold 68.875% of the issued and paid-up share capital of Matrix on a fully diluted basis. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned of Matrix. On November 3, 2025, Magic Software Enterprises Ltd. entered into a definitive Agreement and Plan of Merger with Matrix IT Ltd. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, definitive agreement, approval by shareholders of both Matrix and Magic Software and third party approval needed. The deal has been approved by the Magic Software board. Matrix board of directors appointed an independent committee to evaluate the transaction. As of December 10, 2025, the transaction has been approved by the shareholders of Magic Software Enterprises Ltd. As of February 5, 2026, the parties have satisfied the conditions precedent to the closing of the Merger, including the receipt of the Israel Tax Authority tax ruling, except the receipt of the merger certificate from the Israeli Registrar of Companies is still pending. Value Base M&A Ltd. acted as financial advisor for Magic Software Enterprises Ltd. Gornitzky & Co. acted as legal advisor for Magic Software Enterprises Ltd. Guy Ben Ami, Steven Glusband and Melinda Fellner of Carter Ledyard & Milburn, LLP acted as legal advisor for Magic Software Enterprises Ltd. William Blair & Company, L.L.C. acted as financial advisor for Matrix IT Ltd. Jefferies LLC acted as financial advisor, KPMG acted as an accountant and Herzog Fox & Neeman acted as legal advisor for the independent committee of Matrix IT Ltd. Carter Ledyard & Milburn acted as U.S. securities counsel. Prometheus Financial Advisory acted as fairness opinion provider to Matrix IT Ltd. Matrix IT Ltd. (TASE:MTRX) completed the acquisition of Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others on February 24, 2026. The transaction has received the merger certificate issued by the Israeli Registrar of Companies. Upon receipt of the Merger Certificate, all Conditions Precedent to completion of the Merger were satisfied. Following the completion of the Merger, the Magic Software Enterprises Ltd.'s ordinary shares will be delisted from trading on the TASE and from NASDAQ, and the Company will be a private company wholly owned by Matrix IT Ltd.
お知らせ • Nov 19+ 1 more updateMagic Software Enterprises Ltd. Revises Earnings Guidance for the Full Year 2025Magic Software Enterprises Ltd. revised earnings guidance for the full year 2025. for the year, the company increased revenue from previous estimate of $600 million to $610 million to a revised range of $610 million to $620 million, (based on current currency exchange rates). This updated guidance reflects its sustained operational momentum and favorable outlook for the fourth quarter of 2025, representing an anticipated annual revenue growth rate of approximately 10.4% to 12.2% as compared to the prior fiscal year.
お知らせ • Nov 10Magic Software Enterprises Ltd. to Report Q3, 2025 Results on Nov 18, 2025Magic Software Enterprises Ltd. announced that they will report Q3, 2025 results on Nov 18, 2025
ナラティブの更新 • Aug 15Merger With Matrix Will Expand Offerings And Strengthen Market PresenceAnalysts have raised their price target for Magic Software Enterprises to $18.00, citing better-than-expected revenue growth and improved operational outlook despite some margin pressure. Analyst Commentary Top-line growth exceeded both internal and consensus estimates.
Seeking Alpha • Aug 14Magic Software: Expecting A Reversal Of Negative Mix In Q4Summary Magic Software delivered solid revenue growth, particularly in Israel, driven by project-based demand, with North America showing a return to even organic growth. Profit growth was temporarily hindered by a negative revenue mix, but a rebound is expected in Q4 as higher-margin software sales pick up. The company raised revenue guidance due to a strong project pipeline. Valuation is in line with parent/peer and sprawling holding company Asseco, trading at a fair ~25-27x PE. It's in line with its own historical midpoint multiple as well. Read the full article on Seeking Alpha
お知らせ • Aug 14+ 1 more updateMagic Software Enterprises Ltd. Increases Revenue Guidance for the Full Year 2025Magic Software Enterprises Ltd. increased revenue guidance for the full year 2025. For the year company now expects revenue in range of $600 million to $610 million compared to previous estimate of $593 million to $603 million. This updated guidance reflects sustained operational momentum and favorable outlook for the second half of the fiscal year, representing an anticipated annual revenue growth rate of approximately 8.6% to 10.4% as compared to the prior fiscal year.
お知らせ • Jul 29Magic Software Enterprises Ltd. to Report Q2, 2025 Results on Aug 13, 2025Magic Software Enterprises Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025
お知らせ • Jul 16Magic Software Enterprises Ltd. (NasdaqGS : MGIC) acquired Axiom Manufacturing Systems.Magic Software Enterprises Ltd. (NasdaqGS : MGIC) acquired Axiom Manufacturing Systems on July 15, 2025. Magic Software Enterprises Ltd. (NasdaqGS : MGIC) completed the acquisition of Axiom Manufacturing Systems on July 15, 2025.
お知らせ • May 21Magic Software Enterprises Ltd. Reiterates Earnings Guidance for the Year 2025Magic Software Enterprises Ltd. reiterated earnings guidance for the year 2025. Magic is reiterating its 2025 annual revenue guidance of between $593 million and $603 million (based on current currency exchange rates) reflecting an annual growth of 7.3% to 9.1% compared to prior year.
お知らせ • May 12Magic Software Enterprises Ltd. to Report Q1, 2025 Results on May 21, 2025Magic Software Enterprises Ltd. announced that they will report Q1, 2025 results on May 21, 2025
お知らせ • May 06Magic Software Enterprises Ltd., Annual General Meeting, Jun 10, 2025Magic Software Enterprises Ltd., Annual General Meeting, Jun 10, 2025. Location: terminal center, 1 yahadut canada street, or yehuda Israel
お知らせ • May 01Magic Software Enterprises Ltd. announced delayed 20-F filingOn 04/30/2025, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
お知らせ • Mar 13Matrix IT Ltd. (TASE:MTRX) entered into MOU to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC).Matrix IT Ltd. (TASE:MTRX) entered into MOU to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC) on March 10, 2025. The consideration consists of common equity of Matrix IT Ltd. to be issued for common equity of Magic Software Enterprises Ltd. As part of consideration, an undisclosed value is paid towards common equity of Magic Software Enterprises Ltd. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned of Matrix. Magic's shareholders will receive merger consideration in Matrix shares, based on the relative valuations of both Companies presented by the Committees' financial advisors (which were adopted by the Committee, including in its capacity as Magic's Audit Committee, and by Magic’s Board of Directors) and the derived exchange ratio derived of 31.125%/68.875%. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, definitive agreement and third party approval needed. The deal has been approved by the Magic Software board. Value Base M&A Ltd. acted as financial advisor for Magic Software Enterprises Ltd. Gornitzky & Co. acted as legal advisor for Magic Software Enterprises Ltd. William Blair & Company, L.L.C acted as financial advisor for Matrix IT Ltd.
お知らせ • Mar 11+ 2 more updatesShares of Magic Software to Delist from the TASE and NASDAQ After Completion of MergerMagic Software Enterprises Ltd. announced that it signed an Memorandum of Understanding (“MOU“) with respect to a proposed merger with Matrix I.T Ltd. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned (100%) subsidiary of Matrix. Ordinary shares of Matrix will continue to be traded exclusively on the Tel-Aviv Stock Exchange Ltd. (the “TASE“). Magic's ordinary shares are expected to be delisted from trading on the TASE and NASDAQ.
お知らせ • Feb 18Magic Software Enterprises Ltd. to Report Q4, 2024 Results on Mar 12, 2025Magic Software Enterprises Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025
Upcoming Dividend • Dec 16Upcoming dividend of US$0.24 per shareEligible shareholders must have bought the stock before 23 December 2024. Payment date: 08 January 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (0.8%).
分析記事 • Nov 20Magic Software Enterprises Ltd. Just Missed Earnings - But Analysts Have Updated Their ModelsLast week, you might have seen that Magic Software Enterprises Ltd. ( NASDAQ:MGIC ) released its third-quarter result...
Reported Earnings • Nov 20Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.17 (up from US$0.15 in 3Q 2023). Revenue: US$143.0m (up 10% from 3Q 2023). Net income: US$8.43m (up 18% from 3Q 2023). Profit margin: 5.9% (up from 5.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
お知らせ • Nov 19+ 1 more updateMagic Software Enterprises Ltd. Declares A Semi-Annual Cash Dividend, Payable on January 8, 2025In accordance with its dividend distribution policy, Magic Software Enterprises Ltd.’s board of directors declared a semi-annual cash dividend in an amount of 23.6 cents per share and in an aggregate amount of approximately $11.6 million, reflecting approximately 65% of its distributable profits for the first half of 2024. The dividend is payable on January 8, 2025, to all of the Company’s shareholders of record at the close of trading on the NASDAQ Global Select Market on December 23, 2024.
お知らせ • Nov 04Magic Software Enterprises Ltd. to Report Q3, 2024 Results on Nov 18, 2024Magic Software Enterprises Ltd. announced that they will report Q3, 2024 results on Nov 18, 2024
新しいナラティブ • Sep 19Theoris, Inc Acquisition And Digital Focus Set To Revolutionize Revenue And Market Dominance Acquisition of Theoris, Inc. and an improving U.S. economy bolster Magic Software Enterprises' service offerings and client base, driving revenue growth.
お知らせ • Aug 14Magic Software Enterprises Ltd. Reiterates Earnings Guidance for the Year 2024Magic Software Enterprises Ltd. reiterated earnings guidance for the year 2024. The company is reiterating 2024 annual revenue guidance of between $540 million and $550 million.
Price Target Changed • Jul 29Price target increased by 7.7% to US$14.00Up from US$13.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of US$11.68. Stock is down 6.9% over the past year. The company is forecast to post earnings per share of US$0.76 for next year compared to US$0.75 last year.
お知らせ • Jul 22Magic Software Enterprises Ltd. to Report Q2, 2024 Results on Aug 14, 2024Magic Software Enterprises Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024
Seeking Alpha • Jul 05Magic Software: Near-Term Alpha, Long-Term UnderperformanceSummary Magic Software (MGIC) is expected to rise significantly due to its high dividend yield and undervaluation, but it is unlikely to outperform the market over the long term. Magic's low-code development and Industry 4.0 solutions position it well for digital transformation trends despite risks from industry competition and dependency on key clients. Magic's resilient FCF, conservative growth forecasts, and current undervaluation present a buying opportunity, projecting a stock price of $16.11 by December 2025, implying a 35% CAGR. Read the full article on Seeking Alpha
お知らせ • May 18+ 1 more updateMagic Software Enterprises Ltd Declares Semi-Annual Cash Dividend, Payable on July 13, 2024Magic Software Enterprises Ltd. board of directors declared a semi-annual cash dividend in an amount of 20.4 cents per share and in an aggregate amount of approximately $10.0 million, reflecting approximately 70% of its distributable profits for the second half of 2023. The dividend is payable on July 13, 2024, to all of the Company’s shareholders of record at the close of trading on the NASDAQ Global Select Market on June 27, 2024.
お知らせ • May 03Magic Software Enterprises Ltd. to Report Q1, 2024 Results on May 16, 2024Magic Software Enterprises Ltd. announced that they will report Q1, 2024 results on May 16, 2024
お知らせ • Apr 30Magic Software Enterprises Ltd. announced delayed 20-F filingOn 04/29/2024, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
お知らせ • Apr 06Magic Software Enterprises Ltd., Annual General Meeting, May 13, 2024Magic Software Enterprises Ltd., Annual General Meeting, May 13, 2024, at 10:00 Israel Standard Time. Location: 1 Yahadut Canada Street, Or Yehuda 6037501 Yehuda Israel Agenda: To re-elect each of the following three nominees to the Company’s Board of Directors, or the Board of Directors, to serve as a director of the Company until the next annual general meeting of shareholders of the Company: Mr. Guy Bernstein, Ms. Naamit Salomon and Mr. Avi Zakay; to initially elect Mr. Sami Totah to serve as a director on the Board of Directors until the next annual general meeting of shareholders of the Company; to re-elect Mr. Ron Ettlinger to serve as an external director (as such term is defined in the Israeli Companies Law, 5759-1999, or the Israeli Companies Law) on the Board of Directors for a one-year term; and to consider other matters.
Seeking Alpha • Apr 03The Bear's Case For Magic Software EnterprisesSummary Magic Software Enterprises has enjoyed historic growth, but that growth has slowed, demonstrated by its previous quarterly earnings report. The company's most recent quarterly earnings showed weaknesses to its business, and it will not be able to overcome new challenges in my opinion. Economic risks, geopolitical issues, and a decline in business will hamper Magic Software Enterprises into 2024 and beyond. Read the full article on Seeking Alpha
分析記事 • Mar 20Investors Can Find Comfort In Magic Software Enterprises' (NASDAQ:MGIC) Earnings QualityMagic Software Enterprises Ltd.'s ( NASDAQ:MGIC ) stock was strong despite it releasing a soft earnings report last...
Major Estimate Revision • Mar 20Consensus revenue estimates increase by 14%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$473.8m to US$540.0m. EPS estimate increased from US$0.61 to US$0.75 per share. Net income forecast to shrink 0.6% next year vs 25% growth forecast for Software industry in the US . Consensus price target up from US$13.00 to US$14.00. Share price rose 14% to US$12.14 over the past week.
分析記事 • Mar 15Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), might not be a large cap stock, but it saw a significant share price...
Reported Earnings • Mar 13Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: US$0.75 (down from US$0.82 in FY 2022). Revenue: US$535.1m (down 5.6% from FY 2022). Net income: US$37.0m (down 8.5% from FY 2022). Profit margin: 6.9% (down from 7.1% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Software industry in the US are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Mar 13Magic Software Enterprises Ltd. Provides Revenue Guidance for the Year 2024Magic Software Enterprises Ltd. provided revenue guidance for the year 2024. For the year, the company expected revenue of between $540 million and $550 million. Measured against Magic Software’s annualized 2023 fourth quarter revenue on a go-forward basis, the 2024 annual revenue guidance reflects an annual growth of 7.5% to 9.5%.
お知らせ • Feb 29Magic Software Enterprises Ltd. to Report Q4, 2023 Results on Mar 13, 2024Magic Software Enterprises Ltd. announced that they will report Q4, 2023 results on Mar 13, 2024
Reported Earnings • Nov 16Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$129.5m (down 10% from 3Q 2022). Net income: US$7.15m (down 39% from 3Q 2022). Profit margin: 5.5% (down from 8.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Software industry in the US are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • Nov 15Magic Software Enterprises Ltd. Provides Revenue Guidance for the Fourth Quarter of 2023Magic Software Enterprises Ltd. provided revenue guidance for the fourth quarter of 2023. For the period, the company expects revenue to be in the range of $115 million - $125 million.
Major Estimate Revision • Nov 10Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$575.6m to US$524.3m. EPS estimate also fell from US$0.93 per share to US$0.71 per share. Net income forecast to shrink 24% next year vs 15% growth forecast for Software industry in the US . Consensus price target of US$18.00 unchanged from last update. Share price fell 16% to US$8.65 over the past week.
分析記事 • Nov 10Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), is not the largest company out there, but it saw significant share...
New Risk • Nov 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 22% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Nov 09Magic Software Enterprises Ltd. to Report Q3, 2023 Results on Nov 14, 2023Magic Software Enterprises Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$8.48, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 44x in the Software industry in the US. Total loss to shareholders of 29% over the past three years.
分析記事 • Oct 26Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Oct 18Magic Software Enterprises Ltd. Appoints Sami Totah to Board of DirectorsMagic Software Enterprises Ltd. announced the appointment of Mr. Sami Totah to board of directors.
分析記事 • Aug 28Magic Software Enterprises (NASDAQ:MGIC) Will Pay A Larger Dividend Than Last Year At $0.327Magic Software Enterprises Ltd.'s ( NASDAQ:MGIC ) dividend will be increasing from last year's payment of the same...
Upcoming Dividend • Aug 22Upcoming dividend of US$0.33 per share at 5.2% yieldEligible shareholders must have bought the stock before 29 August 2023. Payment date: 13 September 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (0.9%).
お知らせ • Aug 15+ 1 more updateMagic Software Enterprises Ltd. Declares Semi-Annual Cash Dividend, Payable on September 13, 2023Magic Software Enterprises Ltd.'s board of directors declared a semi-annual cash dividend in an amount of 32.7 cents per share and in an aggregate amount of approximately $16.1 million, reflecting approximately 75% of its distributable profits for the first half of 2023. The dividend is payable on September 13, 2023, to all of the Company’s shareholders of record at the close of trading on the NASDAQ Global Select Market on August 30, 2023.
Reported Earnings • Aug 14Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: US$0.23 (up from US$0.16 in 2Q 2022). Revenue: US$137.6m (flat on 2Q 2022). Net income: US$11.3m (up 41% from 2Q 2022). Profit margin: 8.2% (up from 5.8% in 2Q 2022). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Buying Opportunity • Aug 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be US$16.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 4.5% in a year. Earnings is forecast to grow by 17% in the next year.
分析記事 • Jul 26Is There Now An Opportunity In Magic Software Enterprises Ltd. (NASDAQ:MGIC)?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), might not be a large cap stock, but it received a lot of attention...
お知らせ • Jul 23Magic Software Enterprises Ltd. to Report Q2, 2023 Results on Aug 14, 2023Magic Software Enterprises Ltd. announced that they will report Q2, 2023 results on Aug 14, 2023
Buying Opportunity • Jul 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 3.5%. The fair value is estimated to be US$16.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 4.5% in a year. Earnings is forecast to grow by 17% in the next year.
Buying Opportunity • May 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be US$16.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 4.5% in a year. Earnings is forecast to grow by 17% in the next year.
お知らせ • May 19Magic Software Enterprises Ltd. Reiterates Revenue Guidance for the Year 2023Magic Software Enterprises Ltd. reiterated revenue guidance for the year 2023. For the year, the company is reiterating revenue guidance of between $585 million and $593 million, reflecting annual growth of 3.2% to 4.6% (based on current currency exchange rates).
Reported Earnings • May 18First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: EPS: US$0.21 (up from US$0.20 in 1Q 2022). Revenue: US$142.4m (up 2.7% from 1Q 2022). Net income: US$10.1m (up 5.1% from 1Q 2022). Profit margin: 7.1% (up from 6.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 30Upcoming dividend of US$0.30 per share at 4.3% yieldEligible shareholders must have bought the stock before 06 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (1.0%).
分析記事 • Mar 15Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), might not be a large cap stock, but it saw significant share price...
Price Target Changed • Mar 10Price target decreased by 18% to US$23.00Down from US$28.00, the current price target is provided by 1 analyst. New target price is 62% above last closing price of US$14.20. Stock is down 18% over the past year. The company is forecast to post earnings per share of US$0.98 for next year compared to US$0.83 last year.
Reported Earnings • Mar 10Full year 2022 earnings released: EPS: US$0.83 (vs US$0.52 in FY 2021)Full year 2022 results: EPS: US$0.83 (up from US$0.52 in FY 2021). Revenue: US$566.8m (up 18% from FY 2021). Net income: US$40.7m (up 61% from FY 2021). Profit margin: 7.2% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$13.59, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 45x in the Software industry in the US. Total returns to shareholders of 48% over the past three years.
お知らせ • Feb 07Magic Software Enterprises Ltd. to Report Q4, 2022 Results on Mar 09, 2023Magic Software Enterprises Ltd. announced that they will report Q4, 2022 results on Mar 09, 2023
お知らせ • Jan 20Magic Software Enterprises Ltd., Annual General Meeting, Feb 23, 2023Magic Software Enterprises Ltd., Annual General Meeting, Feb 23, 2023, at 10:00 Israel Standard Time. Location: 1 Yahadut Canada Street Or Yehuda Israel Agenda: To review and discuss auditor’s report and consolidated financial statements for the year ended December 31, 2021; to elect three directors for terms expiring at the company's 2023 Annual General Meeting of Shareholders; and to ratify and approve the re-appointment of Kost Forer Gabbay & Kasierer, registered public accounting firm, a member firm of Ernst & Young Global, as the company's independent registered public accounting firm for the year ended December 31, 2022 and to authorize the company's Board of Directors to delegate to the Audit Committee the authority to fix the compensation for such independent registered public accountants in accordance with the volume and nature of their services.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Avi Zakay was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Nov 04Is Now An Opportune Moment To Examine Magic Software Enterprises Ltd. (NASDAQ:MGIC)?While Magic Software Enterprises Ltd. ( NASDAQ:MGIC ) might not be the most widely known stock at the moment, it saw...
分析記事 • Sep 01Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Aug 26Magic Software goes ex-dividend on MondayMagic Software (NASDAQ:MGIC) had declared $0.29/share semi-annual dividend, 34.3% increase from prior dividend of $0.22. Payable Sept. 13; for shareholders of record Aug. 30; ex-div Aug. 29. See MGIC Dividend Scorecard, Yield Chart, & Dividend Growth.
Upcoming Dividend • Aug 22Upcoming dividend of US$0.29 per shareEligible shareholders must have bought the stock before 29 August 2022. Payment date: 13 September 2022. Payout ratio is on the higher end at 90%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.0%). Higher than average of industry peers (0.9%).
Reported Earnings • Aug 12Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.19 (up from US$0.16 in 2Q 2021). Revenue: US$137.0m (up 15% from 2Q 2021). Net income: US$9.49m (up 22% from 2Q 2021). Profit margin: 6.9% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 8.5%, compared to a 18% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year.
Seeking Alpha • Aug 10Magic Software Q2 2022 Earnings PreviewMagic Software (NASDAQ:MGIC) is scheduled to announce Q2 earnings results on Thursday, August 11th, before market open. The consensus EPS Estimate is $0.27 (+17.4% Y/Y) and the consensus Revenue Estimate is $131.7M (+10.5% Y/Y). Over the last 2 years, MGIC has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 0 upward revisions and 1 downward.
Board Change • Aug 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Avi Zakay was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Seeking Alpha • May 15Magic Software Continues To Create Revenue Platforms In Resilient IndustriesMagic Software has about 80% of its revenue coming from long-term engagements with current clients. Growth is being driven by the signing of contracts with new clients primarily in healthcare and defense. These resilient industries are creating an attractive revenue platform for the company, and the cash generation drivers continue to fire. The company continues to be a nice mid-cap tech exposure, but it's beginning to trade too dearly for us high conviction investors to be interested.
Price Target Changed • Apr 27Price target increased to US$28.00Up from US$22.00, the current price target is provided by 1 analyst. New target price is 63% above last closing price of US$17.14. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of US$0.85 for next year compared to US$0.52 last year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Avi Zakay was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 16Upcoming dividend of US$0.22 per shareEligible shareholders must have bought the stock before 23 March 2022. Payment date: 07 April 2022. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (3.7%). Higher than average of industry peers (0.9%).
分析記事 • Mar 05Magic Software Enterprises (NASDAQ:MGIC) Is Increasing Its Dividend To US$0.22Magic Software Enterprises Ltd. ( NASDAQ:MGIC ) will increase its dividend on the 7th of April to US$0.22. This makes...
Reported Earnings • Mar 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: US$0.60 (up from US$0.49 in FY 2020). Revenue: US$480.3m (up 29% from FY 2020). Net income: US$29.3m (up 23% from FY 2020). Profit margin: 6.1% (down from 6.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 11%, compared to a 49% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Seeking Alpha • Mar 03Magic's Growth Strengthens Asseco Case, But Receivables Are BloatingWe follow Magic Software because it's held by Asseco Poland, one of our favourite Eastern European companies that has sold off over the Russia-Ukraine conflict. It continues to deliver strong organic growth and generate a lot of repeat business. While professional services is growing in the mix, and we'd prefer strength in the software side, Magic demonstrates continued demand for digital transformation. Q4 was especially strong despite difficult comps, delivering double-digit growth, but operating cash flow weirdly declined. The dividend is also attractive for a tech company, but we'd have liked analysts to question the receivables situation before we recommend buying.
分析記事 • Feb 24Magic Software Enterprises (NASDAQ:MGIC) Might Have The Makings Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
分析記事 • Dec 28Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Dec 21Magic Software Continues To Deliver Growth, But Consulting Model Exposed To Human Capital RisksMagic Software continues to benefit from the digitalisation boom and the boom in M&A, where IT integration services, especially for the cloud, become necessary. While Magic's organic performance continues to impress us, we use this note to focus on the fact that 80% of Magic's revenues are essentially tech consulting. While a good platform for selling software, which admittedly has declined in the mix, consulting services are exposed to human capital risks, more acute in a 'great resignation' environment. While Magic continues to be attractive, at least as a holding of our Asseco Poland investment, we note that human capital risks, specifically attrition and payroll increases, could impact the company.
Reported Earnings • Nov 17Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.14 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$120.9m (up 27% from 3Q 2020). Net income: US$7.50m (up 5.8% from 3Q 2020). Profit margin: 6.2% (down from 7.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Nov 03Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?Magic Software Enterprises Ltd. ( NASDAQ:MGIC ), is not the largest company out there, but it led the NASDAQGS gainers...
分析記事 • Oct 18There's Been No Shortage Of Growth Recently For Magic Software Enterprises' (NASDAQ:MGIC) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Seeking Alpha • Sep 12Magic Software Enterprises: Benefits From Durable M&A, Digitalization And Logistics StrengthAs part of Asseco's Formula Systems assets, Magic Software has delivered soundly in their businesses with over 20% in organic revenue growth. With exposure to business transformation initiatives, related substantially to acquisition activity, Magic is likely to continue to deliver. Moreover, the digitalization trends accelerated by COVID-19 continue to be a tailwind for Magic in IT services and for the rest of their software on offer. For a low double-digit multiple and with even a decent dividend yield, Magic is a worthwhile exposure which we continue to hold through Asseco Poland.
