MARKETS / US / RMTHF
US · SERVICES-PREPACKAGED SOFTWARE · MID CAP

Magic Software Enterprises Ltd. RMTHF

13 fiscal years on record · USD · FY2021 reported
SEC FILINGS ONLY
EPS · FY21
Dividend / sh · FY21
Payout · FY21
74%
ROE · FY21
11.2%
Net margin · FY21
Dividend coverage
Advertisement
AdSense · Leaderboard 728×90320×100
Result
Revenue, FY2021 · full 13-year series below
Revenue Net income
0.080.160.240.320.020092012201520182021
0.080.160.240.320.02012201520182021

Per share
Diluted EPS, FY2021
EPS
0.40.81.220092012201520182021
0.40.81.22012201520182021

The company pays no cash dividend.

Profitability
11.2%
Return on equity, FY2021
ROE
48121611.2%20092012201520182021
48121611.2%2012201520182021
Operating margin
Net margin
Return on assets6.2%

Each USD of equity produced 11 cents of profit this year.

Returned to shareholders
USD 21.8M
returned in FY2021 · dividends + net buybacks
Dividends paidUSD 21.8M
Net buybacks
Share of profit74.3%
Consecutive raises

USD 21.8M in dividends — 74% of the year's profit went back to shareholders.

Growth
+14.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+17.3%
+14.4%
Net income
+13.8%
+15.7%
+6.9%
EPS, diluted
+11.9%
+6.4%
Returned to shareholders
+17.2%
+22.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.05B
Shares outstanding, FY2021
35.910.0520092012201520182021
0.040.052012201520182021
Change, 5 years+10.6%
Change, 10 years+34.5%

The share count grew 11% in five years — the same company, cut into more, smaller slices.

Advertisement
AdSense · Leaderboard 728×90300×250
Balance sheet
USD 492.0M
total assets, end of FY2021
Total assetsUSD 492.0M
EquityUSD 265.2M
CashUSD 88.1M
Gross debtUSD 44.9M
Net debtUSD -43.2M
Current ratio2.28×

The company holds more cash than debt.

History
13 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
·
·
·
0.3
0.3
0.2
0.2
0.2
0.1
0.1
0.1
0.1
0.1
Operating income $B
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EBITDA $B
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
0.0
Net income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
·
0.49
0.26
0.39
0.35
0.27
0.36
0.36
0.43
0.44
0.41
0.29
0.19
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
74
50
74
68
61
55
48
56
49
23
0
170
·
ROE %
11.2
9.9
8.2
8.8
7.6
7.3
8.6
9.9
12.9
14.5
15.5
10.5
·
Shares out B
0.05
0.05
0.05
0.05
0.04
0.04
0.04
0.04
0.04
0.04
0.04
35.91
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
42 of 46
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 1 failures and 3 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed