MAGT Stock Overview
Magnet Forensics Inc., together with its subsidiaries, engages in the development of data analytics software used for digital forensics investigations to public sector and private enterprises in Canada, the United States, and Europe.
Magnet Forensics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$25.59|
|52 Week High||CA$65.80|
|52 Week Low||CA$14.89|
|1 Month Change||35.40%|
|3 Month Change||50.53%|
|1 Year Change||-40.93%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||11.75%|
Recent News & Updates
|MAGT||CA Software||CA Market|
Return vs Industry: MAGT underperformed the Canadian Software industry which returned -27% over the past year.
Return vs Market: MAGT underperformed the Canadian Market which returned 2.1% over the past year.
|MAGT Average Weekly Movement||7.7%|
|Software Industry Average Movement||12.6%|
|Market Average Movement||10.5%|
|10% most volatile stocks in CA Market||18.9%|
|10% least volatile stocks in CA Market||4.2%|
Stable Share Price: MAGT is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MAGT's weekly volatility (8%) has been stable over the past year.
About the Company
Magnet Forensics Inc., together with its subsidiaries, engages in the development of data analytics software used for digital forensics investigations to public sector and private enterprises in Canada, the United States, and Europe. It offers Magnet AXIOM, a digital investigations platform to recover analyze, and report on digital evidence from smartphones, cloud services, IoT devices, and third-party images; Magnet AXIOM CYBER, a digital forensics and incident response solution for businesses that need to perform remote acquisitions, and collect and analyze evidence from computers, cloud, and mobile devices; and Magnet OUTRIDER, a digital evidence triage tool used at crime scenes to scan digital media for the presence of CSAM. The company also provides Magnet AUTOMATE, an orchestration and automation tool to enable law enforcement agencies to create automated and repeatable digital evidence processing workflows; Magnet REVIEW to securely share the digital evidence via a single web-based platform; Magnet ATLAS, a workflow orchestration tool to manage cases, generate real-time reports, and track digital investigations; Magnet Digital Investigation Suite that transform digital investigations with analytics and collaborate agency-wide, securely, and at scale; and Magnet IGNITE, a cloud-based early case assessment triage tool.
Magnet Forensics Fundamentals Summary
|MAGT fundamental statistics|
Is MAGT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MAGT income statement (TTM)|
|Cost of Revenue||US$5.97m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.026|
|Net Profit Margin||1.29%|
How did MAGT perform over the long term?See historical performance and comparison
Is MAGT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MAGT?
Other financial metrics that can be useful for relative valuation.
|What is MAGT's n/a Ratio?|
Price to Sales Ratio vs Peers
How does MAGT's PS Ratio compare to its peers?
|MAGT PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
HUT Hut 8 Mining
DND Dye & Durham
CVO Coveo Solutions
HIVE HIVE Blockchain Technologies
MAGT Magnet Forensics
Price-To-Sales vs Peers: MAGT is expensive based on its Price-To-Sales Ratio (9.9x) compared to the peer average (3.6x).
Price to Earnings Ratio vs Industry
How does MAGT's PE Ratio compare vs other companies in the CA Software Industry?
Price-To-Sales vs Industry: MAGT is expensive based on its Price-To-Sales Ratio (9.9x) compared to the Canadian Software industry average (4.2x)
Price to Sales Ratio vs Fair Ratio
What is MAGT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||9.9x|
|Fair PS Ratio||7.1x|
Price-To-Sales vs Fair Ratio: MAGT is expensive based on its Price-To-Sales Ratio (9.9x) compared to the estimated Fair Price-To-Sales Ratio (7.1x).
Share Price vs Fair Value
What is the Fair Price of MAGT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MAGT (CA$25.59) is trading above our estimate of fair value (CA$15.05)
Significantly Below Fair Value: MAGT is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Magnet Forensics forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAGT's forecast earnings growth (178.2% per year) is above the savings rate (1.6%).
Earnings vs Market: MAGT's earnings (178.2% per year) are forecast to grow faster than the Canadian market (7.6% per year).
High Growth Earnings: MAGT's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MAGT's revenue (19.9% per year) is forecast to grow faster than the Canadian market (6.6% per year).
High Growth Revenue: MAGT's revenue (19.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MAGT's Return on Equity is forecast to be high in 3 years time
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How has Magnet Forensics performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAGT has a large one-off loss of $1.0M impacting its June 30 2022 financial results.
Growing Profit Margin: MAGT's current net profit margins (1.3%) are lower than last year (18.5%).
Past Earnings Growth Analysis
Earnings Trend: MAGT's earnings have grown significantly by 25.6% per year over the past 5 years.
Accelerating Growth: MAGT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MAGT had negative earnings growth (-90.3%) over the past year, making it difficult to compare to the Software industry average (28%).
Return on Equity
High ROE: MAGT's Return on Equity (1.2%) is considered low.
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How is Magnet Forensics's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MAGT's short term assets ($139.6M) exceed its short term liabilities ($54.9M).
Long Term Liabilities: MAGT's short term assets ($139.6M) exceed its long term liabilities ($15.3M).
Debt to Equity History and Analysis
Debt Level: MAGT has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MAGT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MAGT's debt is well covered by operating cash flow (1058.1%).
Interest Coverage: MAGT's interest payments on its debt are well covered by EBIT (16.5x coverage).
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What is Magnet Forensics's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MAGT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MAGT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MAGT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MAGT's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MAGT has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Adam Belsher (47 yo)
Mr. Adam Brent Belsher joined the Magnet Forensics Inc. in 2011. He is Chief Executive Officer of Magnet Forensics Inc. and has been its Director since September 01, 2011. He has experience in the global t...
CEO Compensation Analysis
Compensation vs Market: Adam's total compensation ($USD1.14M) is about average for companies of similar size in the Canadian market ($USD1.57M).
Compensation vs Earnings: Insufficient data to compare Adam's compensation with company performance.
Experienced Management: MAGT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: MAGT's board of directors are considered experienced (8.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Magnet Forensics Inc.'s employee growth, exchange listings and data sources
- Name: Magnet Forensics Inc.
- Ticker: MAGT
- Exchange: TSX
- Founded: 2010
- Industry: Application Software
- Sector: Software
- Implied Market Cap: CA$1.046b
- Shares outstanding: 40.87m
- Website: https://www.magnetforensics.com/
Number of Employees
- Magnet Forensics Inc.
- 2220 University Avenue East
- Suite 300
- N2K 0A8
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/18 00:00|
|End of Day Share Price||2022/08/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.