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Magic Software Enterprises Ltd is currently in a long term uptrend where the price is trading 7.5% above its 200 day moving average.
From a valuation standpoint, the stock is 85.4% cheaper than other stocks from the Technology sector with a price to sales ratio of 2.0.
Magic Software Enterprises Ltd's total revenue rose by 15.0% to $105M since the same quarter in the previous year.
Its net income has increased by 27.1% to $7M since the same quarter in the previous year.
Finally, its free cash flow fell by 17.7% to $10M since the same quarter in the previous year.
Based on the above factors, Magic Software Enterprises Ltd gets an overall score of 4/5.
Sector | Technology |
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Industry | Information Technology Services |
Exchange | F |
CurrencyCode | EUR |
ISIN | IL0010823123 |
PE Ratio | 18.03 |
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Target Price | 22 |
Market Cap | 598M |
Dividend Yield | 4.3% |
Beta | 0.99 |
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. Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. The company's 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. The company 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, It 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.
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