Magic Software Enterprises Stock Current Ratio
| MGIC Stock | ILA 4,466 65.00 1.48% |
Magic Software Enterprises fundamentals help investors to digest information that contributes to Magic Software's financial success or failures. It also enables traders to predict the movement of Magic Stock. The fundamental analysis module provides a way to measure Magic Software's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Magic Software stock.
Magic |
Magic Software Enterprises Company Current Ratio Analysis
Magic Software's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Magic Software Current Ratio | 2.31 X |
Most of Magic Software's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Magic Software Enterprises is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Magic Software Enterprises has a Current Ratio of 2.31 times. This is 18.37% lower than that of the Technology sector and 18.46% higher than that of the Information Technology Services industry. The current ratio for all Israel stocks is 6.94% lower than that of the firm.
Magic Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Magic Software's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Magic Software could also be used in its relative valuation, which is a method of valuing Magic Software by comparing valuation metrics of similar companies.Magic Software is currently under evaluation in current ratio category among related companies.
Magic Fundamentals
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0809 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 2.73 B | |||
| Shares Outstanding | 49.09 M | |||
| Shares Owned By Insiders | 47.62 % | |||
| Shares Owned By Institutions | 22.07 % | |||
| Price To Book | 3.18 X | |||
| Price To Sales | 4.90 X | |||
| Revenue | 480.32 M | |||
| Gross Profit | 132.99 M | |||
| EBITDA | 63.09 M | |||
| Net Income | 29.33 M | |||
| Cash And Equivalents | 92.32 M | |||
| Cash Per Share | 1.88 X | |||
| Total Debt | 22.17 M | |||
| Debt To Equity | 0.27 % | |||
| Current Ratio | 2.31 X | |||
| Book Value Per Share | 5.13 X | |||
| Cash Flow From Operations | 37.81 M | |||
| Earnings Per Share | 2.23 X | |||
| Price To Earnings To Growth | 2.31 X | |||
| Number Of Employees | 3.68 K | |||
| Beta | 1.15 | |||
| Market Capitalization | 2.91 B | |||
| Total Asset | 492.05 M | |||
| Working Capital | 89 M | |||
| Current Asset | 128 M | |||
| Current Liabilities | 39 M | |||
| Z Score | 78.6 | |||
| Annual Yield | 0.03 % | |||
| Five Year Return | 2.69 % | |||
| Net Asset | 492.05 M | |||
| Last Dividend Paid | 0.51 |
About Magic Software Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Magic Software Enterprises's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magic Software using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magic Software Enterprises based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Magic Software in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Magic Software's short interest history, or implied volatility extrapolated from Magic Software options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Software Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Magic Stock analysis
When running Magic Software's price analysis, check to measure Magic Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magic Software is operating at the current time. Most of Magic Software's value examination focuses on studying past and present price action to predict the probability of Magic Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magic Software's price. Additionally, you may evaluate how the addition of Magic Software to your portfolios can decrease your overall portfolio volatility.
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