Magic Historical Income Statement
| MGIC Stock | USD 11.64 0.06 0.52% |
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
Magic Software Enterprises Income Statement is one of the three primary financial statements used for reporting Magic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Magic Software Enter revenue and expense. Magic Software Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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 (4.6 M). Add Fundamental
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.Operating Income
Operating Income is the amount of profit realized from Magic Software Enter operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Magic Software Enterprises is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 tightly coupled 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 (4.6 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 Account Relationship Matchups
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Magic Software income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 14.0M | 15.0M | 17.2M | 15.4M | 19.8M | 20.8M | |
| Interest Expense | 385K | 917K | 3.2M | 3.7M | 4.3M | 4.5M | |
| 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 | 477.7M | 501.6M | |
| Operating Income | 33.7M | 40.6M | 51.2M | 61.4M | 57.3M | 60.2M | |
| Ebit | 33.7M | 40.6M | 51.2M | 61.4M | 57.3M | 60.2M | |
| Ebitda | 47.7M | 55.6M | 68.4M | 76.8M | 77.1M | 81.0M | |
| 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 | 95.6M | 100.4M | |
| Income Before Tax | 32.5M | 37.4M | 45.3M | 57.7M | 52.5M | 55.1M | |
| Total Other Income Expense Net | (1.2M) | (3.2M) | (6.0M) | (3.7M) | (4.9M) | (4.6M) | |
| Net Income | 20.3M | 25.2M | 29.8M | 40.5M | 37.1M | 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 | 89.4M | 93.9M | |
| 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 | 15.5M | 24.9M | |
| 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 | 1.6M | 1.7M | |
| 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 |
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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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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Is Magic Software's industry 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 (0.26) | Earnings Share 0.77 | Revenue Per Share 10.898 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0696 |
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.