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Magic Software Enterprises Ltd (NASDAQ:MGIC)
17.38 USD
+0.030 0.173%Sponsored Reports
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| Previous Close (in USD) | 17.35 |
|---|---|
| Change | +0.030 0.173% |
| 52 W H/L (in USD) | 13.769/8.150 |
| EBITDA (in USD) | 68.584M |
| PE Ratio | 14.77 |
| Volume | -- |
| Diluted Eps TTM | 0.74 |
| Total Assets (in USD) | 522.406M |
|---|---|
| Total Liabilities (in USD) | 231.462M |
| Revenue TTM (in USD) | 523.332M |
| Cash (in USD) | 105.943M |
| Market Cap (in USD) | 544.939 M |
| Revenue Per Share TTM | 10.659 |
| Gross Profit TTM (in USD) | 155.355M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
Magic Software Enterprises Ltd
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. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its 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. It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.
Employees: 3628
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Arik Kilman | Chairman of Software Solutions Division | 1953 |
| 2. | Mr. Arik Faingold | Pres of Integration Solutions Division | 1977 |
| 3. | Mr. Yuval Baruch | Chief Exec. Officer of Hermes Logistics Technologies | 1967 |
| 4. | Mr. Yakov Tsaroya | Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc. | 1970 |
| 5. | Mr. Hanan Shahaf MBA | Chief Exec. Officer of Roshtov Software Industries Ltd | 1952 |
| 6. | Mr. Guy Bernstein | CEO & Director | 1968 |
| 7. | Mr. Asaf Berenstin | Chief Financial Officer | 1978 |
| 8. | Mr. Yuval Lavi | Chief Technology Officer | 1969 |
| 9. | Mr. Amit Birk | VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec. | 1971 |
| 10. | Ms. Karin Netzer | Chief Marketing Officer | NA |
Peers
Sector: Technology
Industry: Information Technology Services
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
IBM
International Business Machines |
-23.600 7.168% | 318.295 | 32.790 | 20.833 | 3.321 | 8.502 | 4.063 | 20.102 |
|
ACN
Accenture plc |
-8.790 4.720% | 183.16 | 16.000 | 14.286 | 1.659 | 3.837 | 1.646 | 9.799 |
|
INFY
Infosys Ltd ADR |
-0.620 4.740% | 12.87 | 25.550 | 22.779 | 4.196 | 8.005 | 4.103 | 15.865 |
|
FJTSY
Fujitsu Ltd ADR |
-0.930 4.065% | 22.36 | 23.270 | 14.970 | 0.012 | 3.257 | 1.737 | 11.455 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 57.717M | 45.263M | 37.403M | 32.472M | 31.847M |
| Minority Interest | -5.853M | -5.572M | 33.554M | 38.774M | 31.648M |
| Net Income | 40.667M | 29.332M | 25.186M | 20.266M | 19.883M |
| Selling General Administrative | 70.97M | 32.11M | 27.967M | 29.784M | 24.227M |
| Gross Profit | 155.355M | 132.994M | 109.592M | 102.129M | 88.818M |
| Reconciled Depreciation | 15.474M | 14.672M | 13.939M | 14.025M | 12.564M |
| Ebit | 61.379M | 51.235M | 40.588M | 33.652M | 31.698M |
| Ebitda | 76.79M | 68.414M | 55.615M | 47.677M | 44.262M |
| Depreciation And Amortization | 15.411M | 17.179M | 15.027M | 14.025M | 12.564M |
| Operating Income | 61.379M | 51.235M | 40.588M | 33.652M | 31.698M |
| Other Operating Expenses | 505.476M | 426.583M | 329.518M | 291.978M | 252.677M |
| Interest Expense | 3.662M | 3.155M | 0.917M | 0.385M | 0.99M |
| Tax Provision | 11.197M | 10.359M | 7.286M | 6.874M | 7.071M |
| Interest Income | 1.392M | 0M | 0.1M | 0.212M | 0.284M |
| Net Interest Income | -3.662M | -3.155M | -0.917M | -0.173M | -0.706M |
| Income Tax Expense | 11.197M | 10.359M | 7.286M | 6.874M | 7.071M |
| Total Revenue | 566.792M | 480.325M | 371.194M | 325.63M | 284.375M |
| Total Operating Expenses | 94.039M | 79.252M | 67.916M | 68.477M | 57.12M |
| Cost Of Revenue | 411.437M | 347.331M | 261.602M | 223.501M | 195.557M |
| Total Other Income Expense Net | -3.662M | -5.972M | -3.185M | -1.18M | 0.855M |
| Net Income From Continuing Ops | 46.52M | 34.904M | 30.117M | 25.598M | 24.776M |
| Net Income Applicable To Common Shares | 38.775M | 25.306M | 23.869M | 12.795M | 18.157M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 522.406M | 510.97M | 492.045M | 443.323M | 407.475M |
| Intangible Assets | 50.658M | 52.057M | 51.39M | 53.404M | 51.128M |
| Other Current Assets | 10.366M | - | - | 3.581M | 4.467M |
| Total Liab | 231.462M | 205.702M | 185.945M | 149.341M | 120.863M |
| Total Stockholder Equity | 265.981M | 263.652M | 265.248M | 260.427M | 247.838M |
| Other Current Liab | 68.134M | 68.872M | 51.808M | 46.844M | 36.257M |
| Common Stock | 1.166M | 1.166M | 1.165M | 1.164M | 1.161M |
| Capital Stock | 1.166M | 1.166M | 1.165M | 1.164M | 1.161M |
| Retained Earnings | 92.522M | 86.289M | 43.246M | 39.72M | 28.354M |
| Good Will | 166.065M | 158.699M | 146.803M | 135.682M | 117.743M |
| Other Assets | - | 13.301M | 16.902M | 16.577M | 12.08M |
| Cash | 105.943M | 83.062M | 88.09M | 88.127M | 81.915M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 141.699M | 132.641M | 106.252M | 84.829M | 66.883M |
| Current Deferred Revenue | 13.537M | 10.898M | 10.771M | 8.793M | 8.724M |
| Net Debt | 1.038M | -3.27M | -25.989M | -38.724M | -44.344M |
| Short Term Debt | 31.613M | 25.225M | 18.962M | 14.942M | 10.912M |
| Short Long Term Debt | 28.941M | 20.667M | 15.019M | 11.529M | 7.079M |
| Short Long Term Debt Total | 106.981M | 79.792M | 62.101M | 49.403M | 37.571M |
| Other Stockholder Equity | 182.607M | 182.756M | 211.543M | 211.708M | 218.647M |
| Property Plant Equipment | - | 36.531M | 30.171M | 30.334M | 18.304M |
| Total Current Assets | 256.625M | 250.983M | 246.779M | 211.226M | 205.05M |
| Long Term Investments | - | - | - | - | - |
| Short Term Investments | 0.751M | 3.904M | 6.728M | 1.527M | 13.596M |
| Net Receivables | 139.565M | 164.017M | 151.961M | 121.572M | 109.539M |
| Long Term Debt | 52.267M | 30.412M | 22.169M | 13.352M | 15.54M |
| Inventory | 0M | - | - | - | - |
| Accounts Payable | 28.415M | 27.646M | 24.711M | 14.25M | 10.99M |
| Accumulated Other Comprehensive Income | -10.314M | -6.559M | 9.294M | 7.835M | -0.324M |
| Non Currrent Assets Other | -0M | 8.139M | 8.811M | 10.18M | 9.885M |
| Non Current Assets Total | 265.781M | 259.987M | 245.266M | 232.097M | 202.425M |
| Capital Lease Obligations | 27.507M | 28.713M | 24.913M | 24.522M | 14.952M |
| Long Term Debt Total | - | - | - | - | 15.54M |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -27.338M | -5.39M | 13.004M | 12.685M | -13.807M |
| Total Cashflows From Investing Activities | -27.338M | -18.454M | -9.604M | -15.44M | -19.554M |
| Total Cash From Financing Activities | -18.353M | -21.286M | -39.647M | -36.98M | 11.552M |
| Net Income | 46.52M | 34.904M | 30.117M | 25.598M | 24.776M |
| Change In Cash | -5.028M | -0.037M | 6.212M | -5.211M | 11.05M |
| Begin Period Cash Flow | 88.09M | 88.127M | 81.915M | 87.126M | 76.076M |
| End Period Cash Flow | 83.062M | 88.09M | 88.127M | 81.915M | 87.126M |
| Total Cash From Operating Activities | 49.521M | 40.493M | 52.296M | 45.948M | 24.05M |
| Depreciation | 15.474M | 14.672M | 13.939M | 14.025M | 12.564M |
| Other Cashflows From Investing Activities | - | - | - | -9.918M | -15.025M |
| Dividends Paid | -24.841M | -21.78M | -12.503M | -14.963M | 13.543M |
| Change To Inventory | - | 6.712M | 8.175M | -7.673M | 2.204M |
| Sale Purchase Of Stock | - | - | - | 0.947M | 0.857M |
| Other Cashflows From Financing Activities | 20.811M | 14.956M | -17.775M | -9.444M | -2.74M |
| Capital Expenditures | 7.659M | 4.632M | 6.074M | 5.522M | 4.529M |
| Change In Working Capital | -4.875M | -10.135M | 8.31M | 6.133M | -13.673M |
| Other Non Cash Items | -3.843M | 0.533M | -0.07M | 1.895M | -0.337M |
| Free Cash Flow | 41.862M | 35.861M | 46.222M | 40.426M | 19.521M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Highclere Int'l Smaller Companies Fund | 2 years ago | 802777 |
| 2. | Wellington Emerging Companies | 2 years ago | 196384 |
| 3. | ARK Israel Innovative Technology ETF | 2 years ago | 183254 |
| 4. | iShares Core MSCI EAFE ETF | 2 years ago | 146980 |
| 5. | Pasternak Shoham Equity IL | 2 years ago | 137000 |
| 6. | DFA International Small Company I | 2 years ago | 125410 |
| 7. | DFA International Core Equity I | 2 years ago | 98937 |
| 8. | iShares MSCI EAFE Small-Cap ETF | 2 years ago | 95165 |
| 9. | Harel HTF TA 90 IL | 2 years ago | 87310 |
| 10. | KSM TA Large & Mid Cap IL | 2 years ago | 83678 |
| 11. | Timothy Plan Israel Common Values A | 2 years ago | 72783 |
| 12. | Forest Sea Eagle IL | 2 years ago | 71732 |
| 13. | AI Leaders C | 2 years ago | 70833 |
| 14. | Sigma Israel Equity IL | 2 years ago | 67295 |
| 15. | IBI Mehaka TA-90 IL | 2 years ago | 66265 |
| 16. | Forest 80/20 IL | 2 years ago | 63532 |
| 17. | MTF TR TA-90 IL | 2 years ago | 57755 |
| 18. | State St Gbl Sm Cp Eq ex-US Indx NL Cl A | 2 years ago | 56596 |
| 19. | WisdomTree International SmallCp Div ETF | 2 years ago | 56471 |
| 20. | I.B.I Trk SolactiveTA125 Low Vol Hi Div | 2 years ago | 45258 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Clal Insurance Enterprises Holdings Ltd | 2 years ago | 3420060 |
| 2. | Phoenix Holdings Ltd | 2 years ago | 711605 |
| 3. | Wellington Management Company LLP | 2 years ago | 683357 |
| 4. | Renaissance Technologies Corp | 2 years ago | 397064 |
| 5. | Goldman Sachs Group Inc | 2 years ago | 277448 |
| 6. | NAPLES GLOBAL ADVISORS, LLC | 2 years ago | 264480 |
| 7. | Dimensional Fund Advisors, Inc. | 2 years ago | 198916 |
| 8. | ARK Investment Management LLC | 2 years ago | 196441 |
| 9. | Arrowstreet Capital Limited Partnership | 2 years ago | 160634 |
| 10. | Yelin Lapidot Holdings Management Ltd | 2 years ago | 105663 |
| 11. | Nuveen Asset Management, LLC | 2 years ago | 73144 |
| 12. | Eagle Global Advisors, LLC | 2 years ago | 72783 |
| 13. | Bank of New York Mellon Corp | 2 years ago | 69024 |
| 14. | JANE STREET GROUP, LLC | 2 years ago | 62220 |
| 15. | Geode Capital Management, LLC | 2 years ago | 54798 |
| 16. | Millennium Management LLC | 2 years ago | 54516 |
| 17. | Swiss National Bank | 2 years ago | 53447 |
| 18. | Quadrature Capital LLP | 2 years ago | 51820 |
| 19. | GHP Investment Advisors, Inc. | 2 years ago | 48551 |
| 20. | JPMorgan Chase & Co | 2 years ago | 47066 |
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