$11.42
1.38% yesterday
Nasdaq, Nov 15, 10:00 pm CET
ISIN
IL0010823123
Symbol
MGIC

Magic Software Enterprises Ltd. Target price 2024 - Analyst rating & recommendation

Magic Software Enterprises Ltd. Classifications & Recommendation:

Buy
100%

Magic Software Enterprises Ltd. Price Target

Target Price $14.00
Price $11.42
Potential
Number of Estimates 1
1 Analyst has issued a Magic Software Enterprises Ltd. price target 2025. The average Magic Software Enterprises Ltd. target price is $14.00. This is higher than the current stock price.
A rating was issued by 2 analysts: 2 Analysts recommend Magic Software Enterprises Ltd. to buy, 0 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Magic Software Enterprises Ltd. stock has an average upside potential 2025 of . Most analysts recommend the Magic Software Enterprises Ltd. stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 535.05 544.80
5.60% 1.82%
Net Margin 6.88% 6.85%
3.11% 0.47%

1 Analyst has issued a sales forecast Magic Software Enterprises Ltd. 2024 . The average Magic Software Enterprises Ltd. sales estimate is

$545m
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. This is
4.37% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$545m 4.37%
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, the lowest is
$545m 4.37%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $535m 5.60%
2024
$545m 1.82%
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2025
$564m 3.54%
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1 Analyst has issued a net profit forecast Magic Software Enterprises Ltd. 2024 . The average Magic Software Enterprises Ltd. net profit estimate is

$37.3m
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. This is
11.78% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$37.3m 11.78%
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, the lowest is
$37.3m 11.78%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $36.8m 8.54%
2024
$37.3m 1.34%
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2025
$39.3m 5.25%
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Net Margin

2023 6.88% 3.11%
2024
6.85% 0.47%
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2025
6.96% 1.61%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.75 0.76
8.54% 1.33%
P/E 15.03
EV/Sales 1.04

1 Analysts have issued a Magic Software Enterprises Ltd. forecast for earnings per share. The average Magic Software Enterprises Ltd. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.76
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. This is
11.76% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.76 11.76%
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, the lowest is
$0.76 11.76%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.75 8.54%
2024
$0.76 1.33%
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2025
$0.80 5.26%
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P/E ratio

Current 16.76 67.94%
2024
15.03 10.32%
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2025
14.28 4.99%
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Based on analysts' sales estimates for 2024, the Magic Software Enterprises Ltd. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.09 36.25%
2024
1.04 4.15%
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2025
1.01 3.42%
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P/S ratio

Current 1.07 44.48%
2024
1.03 4.19%
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2025
0.99 3.42%
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