MGIC Stock Overview
Provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services in Israel and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
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Magic Software Enterprises Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$12.19 |
| 52 Week High | US$13.40 |
| 52 Week Low | US$9.38 |
| Beta | 1.1 |
| 1 Month Change | 10.72% |
| 3 Month Change | 5.63% |
| 1 Year Change | 26.06% |
| 3 Year Change | -41.98% |
| 5 Year Change | 25.03% |
| Change since IPO | 350.09% |
Recent News & Updates
Recent updates
Magic Software Enterprises Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Nov 20
Magic Software: Near-Term Alpha, Long-Term Underperformance
Jul 05The Bear's Case For Magic Software Enterprises
Apr 03Investors Can Find Comfort In Magic Software Enterprises' (NASDAQ:MGIC) Earnings Quality
Mar 20Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Mar 15Is It Too Late To Consider Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Nov 10Is Magic Software Enterprises (NASDAQ:MGIC) Using Too Much Debt?
Oct 26Magic Software Enterprises (NASDAQ:MGIC) Will Pay A Larger Dividend Than Last Year At $0.327
Aug 28Is There Now An Opportunity In Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Jul 26Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?
Mar 15Is Now An Opportune Moment To Examine Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
Nov 04Magic Software Enterprises (NASDAQ:MGIC) Could Easily Take On More Debt
Sep 01Magic Software goes ex-dividend on Monday
Aug 26Magic Software Q2 2022 Earnings Preview
Aug 10Magic Software Continues To Create Revenue Platforms In Resilient Industries
May 15Magic Software Enterprises (NASDAQ:MGIC) Is Increasing Its Dividend To US$0.22
Mar 05Magic's Growth Strengthens Asseco Case, But Receivables Are Bloating
Mar 03Magic Software Enterprises (NASDAQ:MGIC) Might Have The Makings Of A Multi-Bagger
Feb 24Does Magic Software Enterprises (NASDAQ:MGIC) Have A Healthy Balance Sheet?
Dec 28Magic Software Continues To Deliver Growth, But Consulting Model Exposed To Human Capital Risks
Dec 21Should You Think About Buying Magic Software Enterprises Ltd. (NASDAQ:MGIC) Now?
Nov 03There's Been No Shortage Of Growth Recently For Magic Software Enterprises' (NASDAQ:MGIC) Returns On Capital
Oct 18Magic Software Enterprises: Benefits From Durable M&A, Digitalization And Logistics Strength
Sep 12Magic Software Enterprises' (NASDAQ:MGIC) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 15We Think Magic Software Enterprises (NASDAQ:MGIC) Can Manage Its Debt With Ease
Aug 13Magic Software EPS beats by $0.01, beats on revenue
May 10Here's How We Evaluate Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Dividend
May 04At US$16.05, Is It Time To Put Magic Software Enterprises Ltd. (NASDAQ:MGIC) On Your Watch List?
Apr 12Shareholder Returns
| MGIC | US Software | US Market | |
|---|---|---|---|
| 7D | -3.3% | 1.0% | 0.1% |
| 1Y | 26.1% | 26.7% | 26.1% |
Return vs Industry: MGIC matched the US Software industry which returned 26.7% over the past year.
Return vs Market: MGIC matched the US Market which returned 26.1% over the past year.
Price Volatility
| MGIC volatility | |
|---|---|
| MGIC Average Weekly Movement | 4.8% |
| Software Industry Average Movement | 7.6% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: MGIC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MGIC's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1983 | 3,628 | Guy Bernstein | www.magicsoftware.com |
Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services in Israel and internationally. Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. The company’s IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services.
Magic Software Enterprises Ltd. Fundamentals Summary
| MGIC fundamental statistics | |
|---|---|
| Market cap | US$612.76m |
| Earnings (TTM) | US$34.74m |
| Revenue (TTM) | US$535.48m |
17.2x
P/E Ratio1.1x
P/S RatioIs MGIC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGIC income statement (TTM) | |
|---|---|
| Revenue | US$535.48m |
| Cost of Revenue | US$383.30m |
| Gross Profit | US$152.18m |
| Other Expenses | US$117.44m |
| Earnings | US$34.74m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.71 |
| Gross Margin | 28.42% |
| Net Profit Margin | 6.49% |
| Debt/Equity Ratio | 21.6% |
How did MGIC perform over the long term?
See historical performance and comparisonDividends
3.6%
Current Dividend Yield62%
Payout RatioDoes MGIC pay a reliable dividends?
See MGIC dividend history and benchmarks| Magic Software Enterprises dividend dates | |
|---|---|
| Ex Dividend Date | Dec 23 2024 |
| Dividend Pay Date | Jan 08 2025 |
| Days until Ex dividend | 4 days |
| Days until Dividend pay date | 20 days |
Does MGIC pay a reliable dividends?
See MGIC dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 22:41 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Magic Software Enterprises Ltd. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tavy Rosner | Barclays |
| Kevin Dede | H.C. Wainwright & Co. |
| Bradley Sills | Maxim Group |