€10.90
Your prediction
Magic Software Enterprises Stock
Pros and Cons of Magic Software Enterprises in the next few years
Pros
Cons
Performance of Magic Software Enterprises vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Magic Software Enterprises | 0.930% | 2.830% | 5.825% | -6.838% | 26.744% | -16.794% | 35.303% |
| Altium Ltd | 0.500% | 0.000% | 1.515% | 70.339% | 41.549% | 141.645% | - |
| Runge Ltd | 4.930% | 4.930% | 14.615% | 80.606% | 41.905% | 70.286% | 348.795% |
| Formula Systems 1985 Ltd. ADR | - | 1.527% | -1.481% | 10.833% | 17.699% | -8.904% | 56.840% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Magic Software, traded under the US symbol MGIC in the Software & IT Services industry, has financial statements that portray a fairly stable and moderately growing business. Across the span of years provided, there's a noticeable upward trend in multiple fundamental financial metrics. Overall, the financials suggest a well-managed company with sound liquidity and profitability prospects.
Magic Software's financial statements reveal several encouragements, the most notable of which is their formidable revenue growth. It's observed that Magic Software has been able to raise its revenues consistently over the years – from $371 million in 2020 to a significant leap up to $566 million in 2022. This demonstrates the company's substantial market share as well as successful strategic efforts towards expansion.
Another appealing aspect is the robust health of the company's assets. The total assets have increased from $443 million in 2020 to $510 million in 2022, signifying a healthy financial state. What's more, the company's strong cash position means it can fund its day-to-day operations, invest in growth opportunities and have a buffer in the face of uncertainties.
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