Magic Historical Income Statement
| MGIC Stock | USD 12.58 0.63 5.27% |
Historical analysis of Magic Software income statement accounts such as Gross Profit of 160.6 M can show how well Magic Software Enterprises performed in making a profits. Evaluating Magic Software income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Magic Software's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Magic Software Enter latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Magic Software Enter is a good buy for the upcoming year.
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About Magic Income Statement Analysis
Magic Software Enter Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Magic Software shareholders. The income statement also shows Magic investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Magic Software Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Magic Software Enter generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Magic Software Enterprises minus its cost of goods sold. It is profit before Magic Software operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Magic Software Enter. It is also known as Magic Software overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Magic Software income statement and is an important metric when analyzing Magic Software Enter profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Magic Software Enter financial statement analysis. It represents the amount of money remaining after all of Magic Software Enterprises operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Magic Software's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Magic Software Enter current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check 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 closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At present, Magic Software's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 561.8 M, whereas Total Other Income Expense Net is projected to grow to (4.4 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 133.0M | 155.4M | 153.0M | 160.6M | Total Revenue | 480.3M | 566.8M | 535.1M | 561.8M |
Magic Software income statement Correlations
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Magic Software income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 171.9K | 13.9M | 19.8M | 19.8M | 20.6M | 21.6M | |
| Interest Expense | 385K | 917K | 3.2M | 3.7M | 9.2M | 9.7M | |
| Total Revenue | 325.6M | 371.2M | 480.3M | 566.8M | 535.1M | 561.8M | |
| Gross Profit | 102.1M | 109.6M | 133.0M | 155.4M | 153.0M | 160.6M | |
| Other Operating Expenses | 292.0M | 329.5M | 426.6M | 505.5M | 477.9M | 501.8M | |
| Operating Income | 33.7M | 40.6M | 51.2M | 61.4M | 57.1M | 60.0M | |
| Ebit | 47.5M | 41.7M | 54.6M | 62.4M | 61.7M | 64.8M | |
| Ebitda | 47.7M | 55.6M | 74.5M | 82.2M | 82.3M | 86.4M | |
| Cost Of Revenue | 223.5M | 261.6M | 347.3M | 411.4M | 382.1M | 401.2M | |
| Total Operating Expenses | 68.5M | 67.9M | 79.3M | 94.0M | 95.9M | 100.7M | |
| Income Before Tax | 32.5M | 37.4M | 45.3M | 57.7M | 52.4M | 55.1M | |
| Total Other Income Expense Net | (1.2M) | (3.2M) | (6.5M) | (4.3M) | (4.7M) | (4.4M) | |
| Net Income | 20.3M | 25.2M | 29.8M | 40.5M | 37.0M | 38.9M | |
| Income Tax Expense | 6.9M | 7.3M | 10.4M | 11.2M | 9.9M | 10.4M | |
| Research Development | 8.2M | 8.8M | 9.0M | 10.1M | 10.3M | 5.4M | |
| Selling General Administrative | 29.8M | 28.0M | 32.1M | 71.0M | 40.8M | 21.5M | |
| Net Income Applicable To Common Shares | 12.8M | 23.9M | 25.3M | 38.8M | 44.6M | 46.8M | |
| Minority Interest | 38.8M | 33.6M | (5.6M) | (5.9M) | (6.1M) | (5.8M) | |
| Selling And Marketing Expenses | 30.5M | 31.2M | 38.1M | 13.4M | 44.5M | 26.2M | |
| Net Income From Continuing Ops | 25.6M | 30.1M | 34.9M | 46.5M | 44.2M | 29.1M | |
| Tax Provision | 6.9M | 7.3M | 10.4M | 11.2M | 10.1M | 8.2M | |
| Interest Income | 212K | 100K | 113K | 1.4M | 4.9M | 5.1M | |
| Net Interest Income | (173K) | (917K) | (3.2M) | (3.7M) | (3.9M) | (3.7M) | |
| Reconciled Depreciation | 14.0M | 13.9M | 14.7M | 15.5M | 20.4M | 16.4M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Magic Software Enter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magic Software's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magic Software Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magic Software Enterprises Stock:Check 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 closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magic Software. If investors know Magic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magic Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Earnings Share 0.7 | Revenue Per Share 10.659 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0673 |
The market value of Magic Software Enter is measured differently than its book value, which is the value of Magic that is recorded on the company's balance sheet. Investors also form their own opinion of Magic Software's value that differs from its market value or its book value, called intrinsic value, which is Magic Software's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magic Software's market value can be influenced by many factors that don't directly affect Magic Software's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magic Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magic Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magic Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.