Magic Software Enterprises Ltd
NASDAQ:MGIC
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Intrinsic Value
The intrinsic value of one MGIC stock under the Base Case scenario is 16.33 USD. Compared to the current market price of 10.99 USD, Magic Software Enterprises Ltd is Undervalued by 33%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
Valuation Backtest
Magic Software Enterprises Ltd
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Fundamental Analysis
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Revenue & Expenses Breakdown
Magic Software Enterprises Ltd
Balance Sheet Decomposition
Magic Software Enterprises Ltd
Current Assets | 261.6m |
Cash & Short-Term Investments | 108.4m |
Receivables | 153.2m |
Non-Current Assets | 265.4m |
PP&E | 32.5m |
Intangibles | 217.8m |
Other Non-Current Assets | 15m |
Current Liabilities | 157.8m |
Accounts Payable | 29.6m |
Accrued Liabilities | 45.3m |
Other Current Liabilities | 82.9m |
Non-Current Liabilities | 100.3m |
Long-Term Debt | 61.5m |
Other Non-Current Liabilities | 38.8m |
Earnings Waterfall
Magic Software Enterprises Ltd
Revenue
|
522m
USD
|
Cost of Revenue
|
-372.7m
USD
|
Gross Profit
|
149.3m
USD
|
Operating Expenses
|
-93.6m
USD
|
Operating Income
|
55.7m
USD
|
Other Expenses
|
-22.3m
USD
|
Net Income
|
33.4m
USD
|
Free Cash Flow Analysis
Magic Software Enterprises Ltd
USD | |
Free Cash Flow | USD |
In Q2 2024, Magic Software's revenue decreased by 1% to $136.3 million, mainly due to currency headwinds and a decline in demand from U.S. blue-chip customers. However, Israel's revenue grew by 12.6% and North America saw an increase of 11.1% quarter-on-quarter, aided by the acquisition of Theoris, Inc. Operating margins remained stable at 13.4%. The company reiterated its 2024 revenue guidance of $540-$550 million. Despite challenges, Magic Software continues to invest in cloud services and digital technology, foreseeing potential growth as market conditions stabilize.
What is Earnings Call?
MGIC Profitability Score
Profitability Due Diligence
Magic Software Enterprises Ltd's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
Score
Magic Software Enterprises Ltd's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
MGIC Solvency Score
Solvency Due Diligence
Magic Software Enterprises Ltd's solvency score is 61/100. The higher the solvency score, the more solvent the company is.
Score
Magic Software Enterprises Ltd's solvency score is 61/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MGIC Price Targets Summary
Magic Software Enterprises Ltd
According to Wall Street analysts, the average 1-year price target for MGIC is 14.28 USD with a low forecast of 14.14 USD and a high forecast of 14.7 USD.
Dividends
Current shareholder yield for MGIC is .
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Profile
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Dividend Yield
Description
Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. The firm is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. The company operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.
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The intrinsic value of one MGIC stock under the Base Case scenario is 16.33 USD.
Compared to the current market price of 10.99 USD, Magic Software Enterprises Ltd is Undervalued by 33%.