Aankondiging • Feb 26
Magic Software Enterprises Ltd.(NasdaqGM:MGIC) dropped from NASDAQ Composite Index Magic Software Enterprises Ltd has been dropped from the NASDAQ Composite Index. Aankondiging • Feb 25
Matrix 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. Aankondiging • Nov 10
Magic Software Enterprises Ltd. to Report Q3, 2025 Results on Nov 18, 2025 Magic Software Enterprises Ltd. announced that they will report Q3, 2025 results on Nov 18, 2025 Aankondiging • Jul 29
Magic Software Enterprises Ltd. to Report Q2, 2025 Results on Aug 13, 2025 Magic Software Enterprises Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025 Aankondiging • Jul 16
Magic 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. Aankondiging • May 21
Magic Software Enterprises Ltd. Reiterates Earnings Guidance for the Year 2025 Magic 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. Aankondiging • May 12
Magic Software Enterprises Ltd. to Report Q1, 2025 Results on May 21, 2025 Magic Software Enterprises Ltd. announced that they will report Q1, 2025 results on May 21, 2025 Aankondiging • May 06
Magic Software Enterprises Ltd., Annual General Meeting, Jun 10, 2025 Magic Software Enterprises Ltd., Annual General Meeting, Jun 10, 2025. Location: terminal center, 1 yahadut canada street, or yehuda Israel Aankondiging • May 01
Magic Software Enterprises Ltd. announced delayed 20-F filing On 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. Aankondiging • Mar 13
Matrix 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. Aankondiging • Feb 18
Magic Software Enterprises Ltd. to Report Q4, 2024 Results on Mar 12, 2025 Magic Software Enterprises Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025 Aankondiging • Nov 04
Magic Software Enterprises Ltd. to Report Q3, 2024 Results on Nov 18, 2024 Magic Software Enterprises Ltd. announced that they will report Q3, 2024 results on Nov 18, 2024 Aankondiging • Aug 14
Magic Software Enterprises Ltd. Reiterates Earnings Guidance for the Year 2024 Magic 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. Aankondiging • Jul 22
Magic Software Enterprises Ltd. to Report Q2, 2024 Results on Aug 14, 2024 Magic Software Enterprises Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Aankondiging • May 03
Magic Software Enterprises Ltd. to Report Q1, 2024 Results on May 16, 2024 Magic Software Enterprises Ltd. announced that they will report Q1, 2024 results on May 16, 2024 Aankondiging • Apr 30
Magic Software Enterprises Ltd. announced delayed 20-F filing On 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. Aankondiging • Apr 06
Magic Software Enterprises Ltd., Annual General Meeting, May 13, 2024 Magic 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. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: US$0.75 (vs US$0.82 in FY 2022) Full 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 is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Software industry in Germany are expected to grow by 9.3%. 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 8% per year, which means it is significantly lagging earnings. Aankondiging • Mar 13
Magic Software Enterprises Ltd. Provides Revenue Guidance for the Year 2024 Magic 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%. Aankondiging • Feb 29
Magic Software Enterprises Ltd. to Report Q4, 2023 Results on Mar 13, 2024 Magic Software Enterprises Ltd. announced that they will report Q4, 2023 results on Mar 13, 2024 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €9.85, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Software industry in Germany. Total loss to shareholders of 20% over the past three years. Reported Earnings • Nov 15
Third quarter 2023 earnings released Third 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 Germany are expected to grow by 7.9%. 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 12% per year, which means it is significantly lagging earnings. Aankondiging • Nov 15
Magic Software Enterprises Ltd. Provides Revenue Guidance for the Fourth Quarter of 2023 Magic 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. Aankondiging • Nov 09
Magic Software Enterprises Ltd. to Report Q3, 2023 Results on Nov 14, 2023 Magic Software Enterprises Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €7.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 28x in the Software industry in Germany. Total loss to shareholders of 16% over the past three years. Aankondiging • Oct 18
Magic Software Enterprises Ltd. Appoints Sami Totah to Board of Directors Magic Software Enterprises Ltd. announced the appointment of Mr. Sami Totah to board of directors. Upcoming Dividend • Aug 22
Upcoming dividend of US$0.33 per share at 5.4% yield Eligible 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: 5.4%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: US$0.23 (vs US$0.16 in 2Q 2022) Second 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 is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Software industry in Germany. 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 4% per year, which means it is significantly lagging earnings. Aankondiging • Jul 23
Magic Software Enterprises Ltd. to Report Q2, 2023 Results on Aug 14, 2023 Magic Software Enterprises Ltd. announced that they will report Q2, 2023 results on Aug 14, 2023 Buying Opportunity • Jun 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be €14.73, 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. New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Buying Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.1%. The fair value is estimated to be €14.27, 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. Buying Opportunity • May 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €15.31, 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. Aankondiging • May 19
Magic Software Enterprises Ltd. Reiterates Revenue Guidance for the Year 2023 Magic 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 18
First quarter 2023 earnings released: EPS: US$0.21 (vs US$0.20 in 1Q 2022) First 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 is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Software industry in Germany. 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 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 30
Upcoming dividend of US$0.30 per share at 4.3% yield Eligible 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 German dividend payers (4.7%). Higher than average of industry peers (1.7%). Reported Earnings • Mar 10
Full 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 whereas the company’s share price has increased by 28% per year. Aankondiging • Feb 07
Magic Software Enterprises Ltd. to Report Q4, 2022 Results on Mar 09, 2023 Magic Software Enterprises Ltd. announced that they will report Q4, 2022 results on Mar 09, 2023 Aankondiging • Jan 20
Magic Software Enterprises Ltd., Annual General Meeting, Feb 23, 2023 Magic 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 16
Insufficient new directors No 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. Aankondiging • Nov 15
Magic Software Enterprises Ltd. Increases Earnings Guidance for the Fiscal Year 2022 Magic Software Enterprises Ltd. increased earnings guidance for the fiscal year 2022. For the period, the company increased revenue guidance for the third time this year to a range of $555 million to $565 million, up from its prior range of $550 million to $560 million, which now reflects an annual growth of 15.6% to 17.6%.. Aankondiging • Oct 19
Magic Software Enterprises Ltd. to Report Q3, 2022 Results on Nov 14, 2022 Magic Software Enterprises Ltd. announced that they will report Q3, 2022 results on Nov 14, 2022 Upcoming Dividend • Aug 22
Upcoming dividend of US$0.29 per share Eligible 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 German dividend payers (4.6%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: US$0.19 (vs US$0.16 in 2Q 2021) Second 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. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 12
Magic Software Enterprises Ltd. Declares Semi-Annual Cash Dividend, Payable on September 13, 2022 Magic Software Enterprises Ltd. announced that in accordance with its dividend distribution policy, the Company’s board of directors declared a semi-annual cash dividend in an amount of 29.0 cents per share and in an aggregate amount of approximately 14.3million, reflecting approximately 75% of its distributable profits for the first half of 2022. The dividend is payable on September 13, 2022, to all of the Company’s shareholders of record at the close of trading on the NASDAQ Global Select Market on August 30, 2022. Board Change • Aug 02
Insufficient new directors No 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. Aankondiging • Jul 22
Magic Software Enterprises Ltd. to Report Q2, 2022 Results on Aug 11, 2022 Magic Software Enterprises Ltd. announced that they will report Q2, 2022 results on Aug 11, 2022 Aankondiging • May 13
Magic Software Enterprises Ltd. Increases its Revenue Guidance for the Year 2022 Magic Software Enterprises Ltd. increased its revenue guidance for the year 2022. For the year, the company increased its annual revenue guidance to a range of $540 million to $550 million, up from its prior range of $535 to $545 million, which now reflects annual growth of 12.4% to 13.5%. Aankondiging • May 03
Magic Software Enterprises Ltd. announced delayed 20-F filing On 05/02/2022, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Board Change • Apr 27
Insufficient new directors No 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. Aankondiging • Apr 26
Magic Software Enterprises Ltd. to Report Q1, 2022 Results on May 12, 2022 Magic Software Enterprises Ltd. announced that they will report Q1, 2022 results on May 12, 2022 Upcoming Dividend • Mar 16
Upcoming dividend of US$0.22 per share Eligible 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 German dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full 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%. 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 31% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 22
Magic Software Enterprises Ltd. to Report Q4, 2021 Results on Mar 02, 2022 Magic Software Enterprises Ltd. announced that they will report Q4, 2021 results on Mar 02, 2022 Reported Earnings • Nov 16
Third 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 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 20% share price gain to €21.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 34x in the Software industry in Germany. Total returns to shareholders of 215% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.62 per share. Upcoming Dividend • Aug 20
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 14 September 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS US$0.16 (vs US$0.12 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$119.2m (up 38% from 2Q 2020). Net income: US$7.78m (up 36% from 2Q 2020). Profit margin: 6.5% (down from 6.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 13
Magic Software Enterprises Ltd. Revises Revenue Guidance for the Full Year of 2021 Magic Software Enterprises Ltd. revises revenue guidance for the full year of 2021. The company has increased its 2021 revenue guidance for the second time to a range of $450 million to $460 million from its prior range of $425 million to $435 million, reflecting annual growth of 22.2% to 23.9%. Aankondiging • May 11
Magic Software Enterprises Ltd. Revises Revenue Guidance for the Year 2021 Magic Software Enterprises Ltd. revised revenue guidance for the year 2021. The company increased its 2021 revenue guidance to a range of $425 to $435 million from its prior range of $420 to $430 million, reflecting annual growth of 13.5% to 17.2%. Aankondiging • May 04
Magic Software Enterprises Ltd. announced delayed 20-F filing On 05/03/2021, Magic Software Enterprises Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Upcoming Dividend • Mar 17
Upcoming Dividend of US$0.21 Per Share Will be paid on the 7th of April to those who are registered shareholders by the 24th of March. The trailing yield of 2.5% is below the top quartile of German dividend payers (3.3%), but it is higher than industry peers (1.7%). Reported Earnings • Mar 09
Full year 2020 earnings released: EPS US$0.49 (vs US$0.26 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$371.2m (up 14% from FY 2019). Net income: US$23.9m (up 87% from FY 2019). Profit margin: 6.4% (up from 3.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 09
Revenue beats expectations Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 15%, compared to a 24% growth forecast for the Software industry in Germany. Aankondiging • Feb 23
Magic Software Enterprises Ltd. to Report Q4, 2020 Results on Mar 08, 2021 Magic Software Enterprises Ltd. announced that they will report Q4, 2020 results on Mar 08, 2021 Aankondiging • Jan 20
Magic Software Enterprises Ltd., Annual General Meeting, Feb 25, 2021 Magic Software Enterprises Ltd., Annual General Meeting, Feb 25, 2021, at 10:00 Israel Standard Time. Location: 1 Yahadut Canada Street Yehuda Israel Agenda: To elect each of the following three nominees to the Company's 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 re-elect Mr. Ron Ettlinger to serve as an external director for a third three-year term; to approve amended terms for the Company's renewed director and officer liability, or D&O, insurance policy; to approve a revised compensation policy for our directors and officers; 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 our independent registered public accounting firm for the year ending December 31, 2020. Is New 90 Day High Low • Jan 14
New 90-day high: €13.90 The company is up 20% from its price of €11.60 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.49 per share. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 20% share price gain to US$13.90, the stock is trading at a trailing P/E ratio of 50.4x, up from the previous P/E ratio of 42.1x. This compares to an average P/E of 28x in the Software industry in Germany. Total returns to shareholders over the past three years are 117%. Is New 90 Day High Low • Nov 27
New 90-day high: €13.30 The company is up 6.0% from its price of €12.50 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.74 per share. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS US$0.14 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$94.9m (up 11% from 3Q 2019). Net income: US$7.09m (up 43% from 3Q 2019). Profit margin: 7.5% (up from 5.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 19
Revenue beats expectations Revenue exceeded analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 7.0%, compared to a 13% growth forecast for the Software industry in Germany. Aankondiging • Nov 17
Magic Software Enterprises Ltd. Raises Earnings Guidance for the Full Year 2020 Magic Software Enterprises Ltd. raises earnings guidance for the full year 2020. With the outlook for 2020 improving despite COVID-19 Magic is raising its May 2020 guidance for full year 2020 revenues of between $358 million to $365 million on a constant currency basis, reflecting annual growth of 9.9% to 11.5%, as compared to its prior range of $350 million to $360 million, overall increasing the midpoint of its guidance 1.8%. Aankondiging • Jul 31
Magic Software Enterprises Ltd. to Report Q2, 2020 Results on Aug 13, 2020 Magic Software Enterprises Ltd. announced that they will report Q2, 2020 results at 12:28 PM, GMT Standard Time on Aug 13, 2020 Aankondiging • Jul 30
Magic Software Enterprises Ltd. (NasdaqGS:MGIC) acquired 10.2% stake in Comblack IT Ltd Magic Software Enterprises Ltd. (NasdaqGS:MGIC) acquired 10.2% stake in Comblack IT Ltd during the first quarter 2020.
Magic Software Enterprises Ltd. (NasdaqGS:MGIC) completed the acquisiton of 10.2% stake in Comblack IT Ltd during the first quarter 2020.