Magal Security Systems Ltd. develops, manufactures, markets, and sells perimeter intrusion detection sensors, physical barriers, video analytics and management systems, cyber security products and systems, and security video observation and surveillance systems.
Flawless balance sheet and fair value.
Share Price & News
How has Magal Security Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MAGS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MAGS underperformed the US Electronic industry which returned -28% over the past year.
Return vs Market: MAGS underperformed the US Market which returned -15.9% over the past year.
Price Volatility Vs. Market
How volatile is Magal Security Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StHow Do Magal Security Systems Ltd.’s (NASDAQ:MAGS) Returns On Capital Compare To Peers?
1 month ago | Simply Wall StCould The Magal Security Systems Ltd. (NASDAQ:MAGS) Ownership Structure Tell Us Something Useful?
2 months ago | Simply Wall StWhat You Must Know About Magal Security Systems Ltd.'s (NASDAQ:MAGS) Beta Value
Is Magal Security Systems undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MAGS ($2.83) is trading below our estimate of fair value ($3.84)
Significantly Below Fair Value: MAGS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MAGS is poor value based on its PE Ratio (28.5x) compared to the Electronic industry average (14.4x).
PE vs Market: MAGS is poor value based on its PE Ratio (28.5x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MAGS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MAGS is good value based on its PB Ratio (0.7x) compared to the US Electronic industry average (1.5x).
How is Magal Security Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Magal Security Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Magal Security Systems performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAGS has high quality earnings.
Growing Profit Margin: MAGS's current net profit margins (2.6%) are lower than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: MAGS's earnings have declined by -25.3% per year over the past 5 years.
Accelerating Growth: MAGS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MAGS had negative earnings growth (-14.2%) over the past year, making it difficult to compare to the Electronic industry average (0.03%).
Return on Equity
High ROE: MAGS's Return on Equity (3.1%) is considered low.
How is Magal Security Systems's financial position?
Financial Position Analysis
Short Term Liabilities: MAGS's short term assets ($96.3M) exceed its short term liabilities ($29.1M).
Long Term Liabilities: MAGS's short term assets ($96.3M) exceed its long term liabilities ($7.1M).
Debt to Equity History and Analysis
Debt Level: MAGS is debt free.
Reducing Debt: MAGS has no debt compared to 5 years ago when its debt to equity ratio was 7.9%.
Debt Coverage: MAGS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MAGS has no debt, therefore coverage of interest payments is not a concern.
What is Magal Security Systems's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MAGS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MAGS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MAGS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MAGS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MAGS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dror Sharon (53yo)
Mr. Dror Sharon serves as Chief Executive Officer at Magal Security Systems Ltd. Since June 24, 2018. He served as the Chief Executive Officer at CONTROP Precision Technologies Ltd until June 24, 2018. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Dror's total compensation ($USD607.90K) is about average for companies of similar size in the US market ($USD626.39K).
Compensation vs Earnings: Insufficient data to compare Dror's compensation with company performance.
|Chief Executive Officer||1.83yrs||US$607.90k||no data|
|Chief Financial Officer||3.58yrs||US$275.00k||no data|
|Managing Director of Products Division||0.25yr||US$303.00k||no data|
|Executive Chairman of the Board||5.58yrs||no data||no data|
|CTO & Business Development Manager||4.92yrs||US$209.00k||no data|
|VP, General Counsel & Company Secretary||4.75yrs||US$202.00k||no data|
|President of North America Sales||no data||no data||no data|
|General Manager of Magal Integrated Solutions||0.17yr||no data||no data|
|COO & Senior VP of Senstar Corporation||4yrs||no data||no data|
Experienced Management: MAGS's management team is considered experienced (3.6 years average tenure).
|Executive Chairman of the Board||5.58yrs||no data||no data|
|Independent Director||5.58yrs||no data||no data|
|Independent Director||6.42yrs||no data||0.059% $38.9k|
|Director||5.58yrs||no data||no data|
|External Director||5.33yrs||no data||no data|
|External Director||0.67yr||no data||no data|
Experienced Board: MAGS's board of directors are considered experienced (5.6 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Magal Security Systems Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Magal Security Systems Ltd.
- Ticker: MAGS
- Exchange: NasdaqGM
- Founded: 1965
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$65.526m
- Shares outstanding: 23.15m
- Website: https://magalsecurity.com
Number of Employees
- Magal Security Systems Ltd.
- 17 Altalef Street
- Industrial Zone
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MAGS||NasdaqGM (Nasdaq Global Market)||Yes||Ordinary Shares||US||USD||Mar 1993|
Magal Security Systems Ltd. develops, manufactures, markets, and sells perimeter intrusion detection sensors, physical barriers, video analytics and management systems, cyber security products and systems, and security video observation and surveillance systems. It operates through three segments: Perimeter Products, Turnkey Projects, and Video and Cyber Security. The company offers perimeter security products that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas. Its perimeter security systems include fence mounted detection systems; detection grids, gates, and fences to protect water passages, VIP residences, and other outdoor applications; buried sensors; hybrid perimeter intrusion detection and intelligent lighting systems; electrical field disturbance sensors; and microwave sensors. The company also provides integrated intelligent video management solutions for security surveillance and business intelligence applications; and cyber-security products for monitoring, securing, and the active management of wired, wireless, and fiber optic communication networks, as well as turnkey solutions. In addition, it offers RoboGuard, a platform that runs on a rail along the perimeter of protected sites; and life safety/duress alarm to protect personnel in prisons. Further, the company provides closed circuit television and intelligent video analytics solutions; Fortis4G, a fourth generation command and control system; StarNet 2, a security management system; and Network Manager, a middleware package. Its products are used to protect borders, military bases, power plants, air and sea ports, postal facilities, prisons, banks, retail operations, hospitals, municipal security, sporting events, and industrial locations from terrorism, theft, and security threats. The company sells its products through system integrators and distribution channels. The company was founded in 1965 and is headquartered in Yehud, Israel.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 01:48|
|End of Day Share Price||2020/04/06 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.