Magic Software Enterprises Ltd (MGIC) Financials

MGIC

FY2021 annual

Revenue $480.3M +29.4% YoY

Net Income $29.3M +16.5% YoY

Free Cash Flow $36.4M -26.6% YoY

Operating Cash Flow $37.8M -27.7% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2021, ended Dec 31, 2021 Reported May 12, 2022 Currency USD FYE December

Magic Software Enterprises Ltd (MGIC) reported $480.3M in revenue for fiscal year 2021, up 29.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MGIC FY2021 2026-08-30

Revenue expansion is increasingly paired with gross-margin compression, while receivables weaken cash conversion and leave operating leverage doing the stabilizing.

From FY2020 to FY2021, operating cash flow fell 27.7% even as net income increased 16.5%, showing that reported profit did not translate into cash as efficiently. Accounts receivable rose 27.2% over the same span, a working-capital movement that helps explain the divergence rather than a deterioration in accounting profitability.

Revenue growth did not improve gross economics: gross margin narrowed from 29.5% in FY2020 to 27.7% in FY2021. Yet operating margin held at 10.7% in FY2021, implying selling, general and administrative costs absorbed less of the expansion and offset part of the gross-margin pressure.

The balance sheet is conservatively financed on conventional leverage measures: debt-to-equity was 0.1x and current ratio was 2.3x, indicating less dependence on leverage than on short-term asset coverage. Goodwill represented 29.8% of FY2021 assets, so a meaningful share of the asset base is acquisition-related rather than operating working capital.

Financial Health Signals

Financial health score pending refresh

We are recalculating Magic Software Enterprises Ltd's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Safe

4.04

Magic Software Enterprises Ltd scores 4.04, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($853.3M) relative to total liabilities ($226.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

Magic Software Enterprises Ltd passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.29x

For every $1 of reported earnings, Magic Software Enterprises Ltd generates $1.29 in operating cash flow ($37.8M OCF vs $29.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

60.70x

Magic Software Enterprises Ltd earns $60.70 in operating income for every $1 of interest expense ($51.2M vs $844K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2021.

Cash & Balance Sheet

Cash & Debt

$88.1M

YoY0.0%

QoQ0.0%

Magic Software Enterprises Ltd held $88.1M in cash against $32.5M in long-term debt as of Q4 2021.

Shares Outstanding

49M

YoY+0.1%

QoQ+0.1%

Magic Software Enterprises Ltd had 49M shares outstanding in Q4 2021. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Free Cash Flow

Not reported for Q4 2021.

Dividends Per Share

Not reported for Q4 2021.

Margins & Returns

None of these metrics is reported for Q4 2021.

Capital Allocation

None of these metrics is reported for Q4 2021.

MGIC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MGIC quarterly income statement

Metric	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09
Revenue	$480.3M+29.4%	$371.2M+14.0%	$325.6M+14.5%	$284.4M+10.2%	$258.1M+28.0%	$201.6M+14.6%	$176.0M+7.1%	$164.3M+13.3%	$145.0M+14.7%	$126.4M+11.5%	$113.3M+27.9%	$88.6M+60.0%	$55.4M
Cost of Revenue	$347.3M+32.8%	$261.6M+17.0%	$223.5M+14.3%	$195.6M+11.6%	$175.2M+31.3%	$133.4M+17.8%	$113.2M+13.5%	$99.7M+16.1%	$85.9M+17.0%	$73.4M+9.1%	$67.3M+30.7%	$51.4M+95.9%	$26.3M
Gross Profit	$133.0M+21.4%	$109.6M+7.3%	$102.1M+15.0%	$88.8M+7.0%	$83.0M+21.6%	$68.3M+8.7%	$62.8M-2.7%	$64.6M+9.3%	$59.1M+11.5%	$53.0M+15.0%	$46.1M+24.1%	$37.1M+27.7%	$29.1M
R&D Expenses	$9.0M+2.3%	$8.8M+6.7%	$8.2M+44.6%	$5.7M-17.9%	$6.9M+18.9%	$5.8M+19.5%	$4.9M+2.9%	$4.8M0.0%	$4.8M+61.2%	$2.9M+44.0%	$2.0M-1.2%	$2.1M+58.2%	$1.3M
SG&A Expenses	$32.1M+14.8%	$28.0M-5.3%	$29.5M+21.7%	$24.3M+6.3%	$22.8M+30.0%	$17.6M+30.8%	$13.4M-7.5%	$14.5M+10.3%	$13.2M+23.7%	$10.6M+16.2%	$9.2M+11.8%	$8.2M-0.2%	$8.2M
Operating Income	$51.2M+26.2%	$40.6M+20.6%	$33.7M+6.2%	$31.7M+22.1%	$26.0M+23.1%	$21.1M-1.6%	$21.4M+3.4%	$20.7M+8.4%	$19.1M+16.6%	$16.4M+11.5%	$14.7M+57.6%	$9.3M+49.9%	$6.2M
EBITDA	$66.1M+21.2%	$54.5M+14.4%	$47.7M+7.7%	$44.3M+11.9%	$39.6M+21.0%	$32.7M+4.4%	$31.3M+6.6%	$29.4M+6.8%	$27.5M+15.3%	$23.9M+20.7%	$19.8M+42.1%	$13.9M	N/A
Interest Expense	-$844K-37.5%	-$614K-64.2%	-$374K+62.1%	-$986K+12.3%	-$1.1M-464.8%	-$199K-410.9%	$64K	$0	$0-100.0%	$48K-87.9%	$397K+1554.2%	$24K	N/A
Income Tax	$10.4M+42.2%	$7.3M+6.0%	$6.9M-2.8%	$7.1M+11.7%	$6.3M+60.3%	$3.9M+7.3%	$3.7M+59.6%	$2.3M+46.5%	$1.6M+1575.5%	$94K+146.3%	-$203K-99.0%	-$102K-130.5%	$334K
Net Income	$29.3M+16.5%	$25.2M+24.3%	$20.3M+1.9%	$19.9M+28.8%	$15.4M+9.0%	$14.2M-12.5%	$16.2M+4.4%	$15.5M-2.3%	$15.9M-1.9%	$16.2M+7.6%	$15.0M+60.5%	$9.4M+51.8%	$6.2M
EPS (Basic)	$0.52+6.1%	$0.49+88.5%	$0.26	N/A	$0.35+29.6%	$0.27-27.0%	$0.37+2.8%	$0.36-16.3%	$0.43	N/A	$0.41+41.4%	$0.29+52.6%	$0.19
EPS (Diluted)	N/A	N/A	N/A	N/A	$0.35+29.6%	$0.27-25.0%	$0.360.0%	$0.36-16.3%	$0.43	N/A	$0.41	$0.29+52.6%	$0.19
Diluted Shares (Avg)	49M+0.1%	49M+0.1%	49M+4.7%	47M+4.9%	45M+0.2%	45M+0.1%	44M+2.6%	43M+16.1%	37M+0.5%	37M+0.2%	37M	33M	N/A

Metric	Q4'21	Q4'20	Q4'19	Q4'18	Q2'18	Q4'17	Q4'16	Q4'15

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

MGIC Balance Sheet

MGIC quarterly balance sheet

Metric	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09
Total Assets	$492.0M+10.0%	$447.4M+10.6%	$404.6M+11.7%	$362.3M+5.8%	$342.5M+8.3%	$316.4M+31.9%	$239.8M+7.0%	$224.2M+34.2%	$167.0M+9.2%	$153.0M+12.5%	$136.0M+21.5%	$112.0M	N/A
Current Assets	$246.8M+16.8%	$211.2M+3.0%	$205.1M-2.9%	$211.2M+16.3%	$181.6M+14.7%	$158.4M+17.0%	$135.3M+5.5%	$128.2M+75.2%	$73.2M-0.7%	$73.7M+16.1%	$63.5M-7.2%	$68.4M	N/A
Cash & Equivalents	$88.1M0.0%	$88.1M+7.6%	$81.9M-6.0%	$87.1M+14.5%	$76.1M+1.0%	$75.3M+21.1%	$62.2M-14.2%	$72.5M+106.4%	$35.1M-6.9%	$37.7M+31.5%	$28.7M	N/A	N/A
Accounts Receivable	$117.0M+27.2%	$92.0M-4.9%	$96.7M+7.1%	$90.3M+10.0%	$82.1M+32.2%	$62.0M+18.5%	$52.4M+29.8%	$40.4M+26.2%	$32.0M+12.7%	$28.4M+13.7%	$24.9M+40.1%	$17.8M	N/A
Goodwill	$146.8M+8.2%	$135.7M+15.2%	$117.7M+23.9%	$95.0M-3.2%	$98.2M+7.9%	$91.0M+43.7%	$63.3M+14.1%	$55.5M+0.3%	$55.3M+23.8%	$44.7M+14.8%	$38.9M+58.0%	$24.6M	N/A
Total Liabilities	$226.8M+21.3%	$187.0M+19.3%	$156.8M+32.5%	$118.3M-10.5%	$132.3M+10.0%	$120.2M+146.1%	$48.8M+24.8%	$39.1M+0.7%	$38.9M+10.5%	$35.2M+14.1%	$30.8M+33.5%	$23.1M	N/A
Current Liabilities	$108.3M+27.6%	$84.8M+26.8%	$66.9M+26.4%	$52.9M-10.7%	$59.2M+32.6%	$44.7M+57.6%	$28.4M+12.7%	$25.2M-10.2%	$28.0M-5.1%	$29.5M+8.6%	$27.2M+38.9%	$19.6M	N/A
Non-Current Liabilities	$77.7M+13.3%	$68.6M+34.2%	$51.1M+51.4%	$33.8M-23.1%	$43.9M-10.5%	$49.1M+288.3%	$12.6M+117.5%	$5.8M-1.1%	$5.9M+202.5%	$1.9M+161.0%	$744K+37100.0%	$2K	N/A
Long-Term Debt	$32.5M+37.8%	$23.6M+12.1%	$21.1M-18.0%	$25.7M-25.7%	$34.6M+1.1%	$34.2M+950.5%	$3.3M+564.7%	$490K-78.5%	$2.3M+18850.0%	$12K	N/A	N/A	N/A
Total Equity	$265.2M+1.8%	$260.4M+5.1%	$247.8M+1.6%	$244.0M+16.0%	$210.3M+7.2%	$196.2M+2.7%	$191.0M+3.2%	$185.1M+44.4%	$128.1M+8.8%	$117.8M+12.0%	$105.2M+18.3%	$88.9M+55.4%	$57.2M
Retained Earnings	$43.2M+8.9%	$39.7M+40.1%	$28.4M-7.1%	$30.5M+18.7%	$25.7M+29.7%	$19.8M+26.4%	$15.7M+115.7%	$7.3M+1590.5%	$430K+105.6%	-$7.7M+61.8%	-$20.2M+42.6%	-$35.3M	N/A

Metric	Q4'21	Q4'20	Q4'19	Q4'18	Q2'18	Q4'17	Q4'16	Q4'15
Total Assets	$492.0M+10.0%	$447.4M+10.6%	$404.6M+11.7%	$362.3M+5.8%	$339.0M	$342.5M+8.3%	$316.4M+31.9%	$239.8M+7.0%
Current Assets	$246.8M+16.8%	$211.2M+3.0%	$205.1M-2.9%	$211.2M+16.3%	$183.3M	$181.6M+14.7%	$158.4M+17.0%	$135.3M+5.5%
Cash & Equivalents	$88.1M0.0%	$88.1M+7.6%	$81.9M-6.0%	$87.1M+14.5%	$78.2M	$76.1M+1.0%	$75.3M+21.1%	$62.2M-14.2%
Accounts Receivable	$117.0M+27.2%	$92.0M-4.9%	$96.7M+7.1%	$90.3M+10.0%	$81.2M	$82.1M+32.2%	$62.0M+18.5%	$52.4M+29.8%
Goodwill	$146.8M+8.2%	$135.7M+15.2%	$117.7M+23.9%	$95.0M-3.2%	$95.9M	$98.2M+7.9%	$91.0M+43.7%	$63.3M+14.1%
Total Liabilities	$226.8M+21.3%	$187.0M+19.3%	$156.8M+32.5%	$118.3M-10.5%	$128.7M	$132.3M+10.0%	$120.2M+146.1%	$48.8M+24.8%
Current Liabilities	$108.3M+27.6%	$84.8M+26.8%	$66.9M+26.4%	$52.9M-10.7%	$58.7M	$59.2M+32.6%	$44.7M+57.6%	$28.4M+12.7%
Non-Current Liabilities	$77.7M+13.3%	$68.6M+34.2%	$51.1M+51.4%	$33.8M-23.1%	$40.4M	$43.9M-10.5%	$49.1M+288.3%	$12.6M+117.5%
Long-Term Debt	$32.5M+37.8%	$23.6M+12.1%	$21.1M-18.0%	$25.7M-25.7%	$25.5M	$34.6M+1.1%	$34.2M+950.5%	$3.3M+564.7%
Total Equity	$265.2M+1.8%	$260.4M+5.1%	$247.8M+1.6%	$244.0M+16.0%	$210.3M	$210.3M+7.2%	$196.2M+2.7%	$191.0M+3.2%
Retained Earnings	$43.2M+8.9%	$39.7M+40.1%	$28.4M-7.1%	$30.5M+18.7%	$30.0M	$25.7M+29.7%	$19.8M+26.4%	$15.7M+115.7%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.

MGIC Cash Flow Statement

MGIC quarterly cash flow statement

Metric	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09
Operating Cash Flow	$37.8M-27.7%	$52.3M+13.8%	$45.9M+91.1%	$24.1M-5.7%	$25.5M-8.8%	$28.0M+42.5%	$19.6M+7.8%	$18.2M-18.3%	$22.3M-2.9%	$22.9M+50.6%	$15.2M+5.8%	$14.4M+91.1%	$7.5M
Depreciation & Amortization	$14.9M+6.5%	$13.9M-0.6%	$14.0M+11.6%	$12.6M-7.7%	$13.6M+17.3%	$11.6M+17.4%	$9.9M+14.1%	$8.7M+3.3%	$8.4M+12.6%	$7.4M+47.7%	$5.0M+10.4%	$4.6M	N/A
Stock-Based Compensation	$956K	$0-100.0%	$74K-61.9%	$194K+148.7%	$78K-48.7%	$152K-35.0%	$234K-85.0%	$1.6M+379.1%	$325K-36.9%	$515K-18.6%	$633K+111.0%	$300K+130.8%	$130K
Capital Expenditures	$1.4M-48.1%	$2.8M+101.0%	$1.4M+59.8%	$863K-38.4%	$1.4M+75.2%	$799K-28.0%	$1.1M+11.7%	$993K+99.8%	$497K-2.5%	$510K+2.6%	$497K-14.8%	$583K+0.5%	$580K
Free Cash Flow	$36.4M-26.6%	$49.5M+11.1%	$44.6M+92.2%	$23.2M-3.8%	$24.1M-11.2%	$27.2M+46.7%	$18.5M+7.6%	$17.2M-21.0%	$21.8M-2.9%	$22.4M+52.2%	$14.7M+6.7%	$13.8M+98.6%	$7.0M
Investing Cash Flow	-$16.9M-75.5%	-$9.6M+37.8%	-$15.4M+21.0%	-$19.6M-167.3%	-$7.3M+78.6%	-$34.2M-105.6%	-$16.6M	N/A	N/A	-$10.4M+65.0%	-$29.8M-7528.6%	-$391K+96.2%	-$10.4M
Financing Cash Flow	-$20.7M+47.7%	-$39.6M-7.2%	-$37.0M-538.9%	$8.4M+143.4%	-$19.4M-195.1%	$20.4M+271.0%	-$11.9M	N/A	N/A	-$3.4M-580.9%	-$503K-110.2%	$4.9M+8027.4%	-$62K
Dividends Paid	$21.8M+74.2%	$12.5M-16.4%	$15.0M+10.5%	$13.5M+44.7%	$9.4M+20.6%	$7.8M-0.3%	$7.8M-10.3%	$8.7M+11.5%	$7.8M+112.7%	$3.7M	$0-100.0%	$16.0M	N/A

Metric	Q4'21	Q4'20	Q4'19	Q4'18	Q2'18	Q4'17	Q4'16	Q4'15

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

MGIC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MGIC quarterly financial ratios

Metric	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09
Gross Margin	27.7%-1.8pp	29.5%-1.8pp	31.4%+0.1pp	31.2%-0.9pp	32.1%-1.7pp	33.9%-1.8pp	35.7%-3.6pp	39.3%-1.4pp	40.8%-1.2pp	41.9%+1.3pp	40.6%-1.3pp	41.9%-10.6pp	52.5%
Operating Margin	10.7%-0.3pp	10.9%+0.6pp	10.3%-0.8pp	11.2%+1.1pp	10.1%-0.4pp	10.5%-1.7pp	12.2%-0.4pp	12.6%-0.6pp	13.2%+0.2pp	13.0%0.0pp	13.0%+2.4pp	10.5%-0.7pp	11.3%
Net Margin	6.1%-0.7pp	6.8%+0.6pp	6.2%-0.8pp	7.0%+1.0pp	6.0%-1.1pp	7.0%-2.2pp	9.2%-0.3pp	9.4%-1.5pp	10.9%-1.9pp	12.8%-0.5pp	13.3%+2.7pp	10.6%-0.6pp	11.2%
Return on Equity	11.1%+1.4pp	9.7%+1.5pp	8.2%0.0pp	8.2%+0.8pp	7.3%+0.1pp	7.2%-1.3pp	8.5%+0.1pp	8.4%-4.0pp	12.4%-1.3pp	13.7%-0.6pp	14.3%+3.8pp	10.5%-0.3pp	10.8%
Return on Assets	6.0%+0.3pp	5.6%+0.6pp	5.0%-0.5pp	5.5%+1.0pp	4.5%0.0pp	4.5%-2.3pp	6.8%-0.2pp	6.9%-2.6pp	9.5%-1.1pp	10.6%-0.5pp	11.1%+2.7pp	8.4%	N/A
Current Ratio	2.28-0.2x	2.49-0.6x	3.07-0.9x	3.99+0.9x	3.07-0.5x	3.54-1.2x	4.77-0.3x	5.10+2.5x	2.61+0.1x	2.50+0.2x	2.34-1.2x	3.50	N/A
Debt-to-Equity	0.120.0x	0.090.0x	0.090.0x	0.11-0.1x	0.160.0x	0.17+0.2x	0.020.0x	0.000.0x	0.020.0x	0.00-0.3x	0.290.0x	0.26	N/A
Asset Turnover	0.98+0.1x	0.830.0x	0.800.0x	0.780.0x	0.75+0.1x	0.64-0.1x	0.730.0x	0.73-0.1x	0.870.0x	0.830.0x	0.830.0x	0.79	N/A
FCF Margin	7.6%-5.8pp	13.3%-0.4pp	13.7%+5.5pp	8.2%-1.2pp	9.3%-4.1pp	13.5%+3.0pp	10.5%0.0pp	10.5%-4.6pp	15.0%-2.7pp	17.8%+4.7pp	13.0%-2.6pp	15.6%+3.0pp	12.6%

Metric	Q4'21	Q4'20	Q4'19	Q4'18	Q2'18	Q4'17	Q4'16	Q4'15
Current Ratio	2.28-0.2x	2.49-0.6x	3.07-0.9x	3.99+0.9x	3.12	3.07-0.5x	3.54-1.2x	4.77-0.3x
Debt-to-Equity	0.120.0x	0.090.0x	0.090.0x	0.11-0.1x	0.12	0.160.0x	0.17+0.2x	0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

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Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Magic Software Enterprises Ltd MGIC	FY2021	$480.3M	$29.3M	6.1%	$853.3M	—
N-able, Inc. NABL	FY2025	$508.8M	-$18.8M	-3.7%	$761.3M	52/100
Penguin Solutions, Inc. PENG	FY2025	$1.4B	$25.4M	1.8%	$2.4B	53/100
TaskUs, Inc. TASK	FY2025	$1.2B	$102.3M	8.6%	$758.3M	70/100
NCR Voyix Corporation VYX	FY2025	$2.7B	$62.0M	2.3%	$1.0B	18/100
Grid Dynamics Holdings, Inc. GDYN	FY2025	$411.8M	$9.7M	2.4%	$667.7M	61/100

Where Magic Software Enterprises Ltd Ranks

Frequently Asked Questions

What is Magic Software Enterprises Ltd's annual revenue?

Magic Software Enterprises Ltd (MGIC) reported $480.3M in total revenue for fiscal year 2021. This represents a 29.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Magic Software Enterprises Ltd's revenue growing?

Magic Software Enterprises Ltd (MGIC) revenue grew by 29.4% year-over-year, from $371.2M to $480.3M in fiscal year 2021.

Is Magic Software Enterprises Ltd profitable?

Yes, Magic Software Enterprises Ltd (MGIC) reported a net income of $29.3M in fiscal year 2021, with a net profit margin of 6.1%.

What is Magic Software Enterprises Ltd's EBITDA?

Magic Software Enterprises Ltd (MGIC) had EBITDA of $66.1M in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Magic Software Enterprises Ltd have?

As of fiscal year 2021, Magic Software Enterprises Ltd (MGIC) had $88.1M in cash and equivalents against $32.5M in long-term debt.

What is Magic Software Enterprises Ltd's gross margin?

Magic Software Enterprises Ltd (MGIC) had a gross margin of 27.7% in fiscal year 2021, indicating the percentage of revenue retained after direct costs of goods sold.

What is Magic Software Enterprises Ltd's operating margin?

Magic Software Enterprises Ltd (MGIC) had an operating margin of 10.7% in fiscal year 2021, reflecting the profitability of core business operations before interest and taxes.

What is Magic Software Enterprises Ltd's net profit margin?

Magic Software Enterprises Ltd (MGIC) had a net profit margin of 6.1% in fiscal year 2021, representing the share of revenue converted into profit after all expenses.

What is Magic Software Enterprises Ltd's return on equity (ROE)?

Magic Software Enterprises Ltd (MGIC) has a return on equity of 11.1% for fiscal year 2021, measuring how efficiently the company generates profit from shareholder equity.

What is Magic Software Enterprises Ltd's free cash flow?

Magic Software Enterprises Ltd (MGIC) generated $36.4M in free cash flow during fiscal year 2021. This represents a -26.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Magic Software Enterprises Ltd's operating cash flow?

Magic Software Enterprises Ltd (MGIC) generated $37.8M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.

What are Magic Software Enterprises Ltd's total assets?

Magic Software Enterprises Ltd (MGIC) had $492.0M in total assets as of fiscal year 2021, including both current and long-term assets.

What are Magic Software Enterprises Ltd's capital expenditures?

Magic Software Enterprises Ltd (MGIC) invested $1.4M in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.

How much does Magic Software Enterprises Ltd spend on research and development?

Magic Software Enterprises Ltd (MGIC) invested $9.0M in research and development during fiscal year 2021.

How many shares does Magic Software Enterprises Ltd have outstanding?

Magic Software Enterprises Ltd (MGIC) had 49M shares outstanding as of fiscal year 2021.

What is Magic Software Enterprises Ltd's current ratio?

Magic Software Enterprises Ltd (MGIC) had a current ratio of 2.28 as of fiscal year 2021, which is generally considered healthy.

What is Magic Software Enterprises Ltd's debt-to-equity ratio?

Magic Software Enterprises Ltd (MGIC) had a debt-to-equity ratio of 0.12 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Magic Software Enterprises Ltd's return on assets (ROA)?

Magic Software Enterprises Ltd (MGIC) had a return on assets of 6.0% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.

What is Magic Software Enterprises Ltd's Altman Z-Score?

Magic Software Enterprises Ltd (MGIC) has an Altman Z-Score of 4.04, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Magic Software Enterprises Ltd's Piotroski F-Score?

Magic Software Enterprises Ltd (MGIC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Magic Software Enterprises Ltd's earnings high quality?

Magic Software Enterprises Ltd (MGIC) has an earnings quality ratio of 1.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Magic Software Enterprises Ltd cover its interest payments?

Magic Software Enterprises Ltd (MGIC) has an interest coverage ratio of 60.70x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.