Magic Return On Equity from 2010 to 2024
| MGIC Stock | USD 12.19 0.29 2.32% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.13922423 | Current Value 0.15 | Quarterly Volatility 0.02964976 |
Check Magic Software financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Magic Software's main balance sheet or income statement drivers, such as Depreciation And Amortization of 21.6 M, Interest Expense of 9.7 M or Total Revenue of 561.8 M, as well as many indicators such as Price To Sales Ratio of 0.84, Dividend Yield of 0.038 or PTB Ratio of 2.49. Magic financial statements analysis is a perfect complement when working with Magic Software Valuation or Volatility modules.
Magic | Return On Equity |
Latest Magic Software's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Magic Software Enterprises over the last few years. Return on Equity is the amount of Magic Software Enter net income returned as a percentage of Magic Software equity. Return on equity measures Magic Software profitability by revealing how much profit Magic Software Enterprises generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Magic Software's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Magic Software's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.14 | 10 Years Trend |
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Return On Equity |
| Timeline |
Magic Return On Equity Regression Statistics
| Arithmetic Mean | 0.11 | |
| Geometric Mean | 0.11 | |
| Coefficient Of Variation | 27.08 | |
| Mean Deviation | 0.03 | |
| Median | 0.11 | |
| Standard Deviation | 0.03 | |
| Sample Variance | 0.0009 | |
| Range | 0.0807 | |
| R-Value | 0.19 | |
| Mean Square Error | 0.0009 | |
| R-Squared | 0.03 | |
| Significance | 0.51 | |
| Slope | 0 | |
| Total Sum of Squares | 0.01 |
Magic Return On Equity History
About Magic Software Financial Statements
Magic Software stakeholders use historical fundamental indicators, such as Magic Software's Return On Equity, to determine how well the company is positioned to perform in the future. Although Magic Software investors may analyze each financial statement separately, they are all interrelated. For example, changes in Magic Software's assets and liabilities are reflected in the revenues and expenses on Magic Software's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Magic Software Enterprises. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.14 | 0.15 |
Also Currently Popular
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 the analysis of Magic Software Correlation against competitors. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.