MAGIC SOFTWARE ENTR (MGK.SG)
MAGIC SOFTWARE ENTR (MGK.SG) operates in Diversified Metals & Mining.
MAGIC SOFTWARE ENTR (MGK.SG) (MGK) - Net Assets
Latest net assets as of June 2024: €294.06 Million EUR
Based on the latest financial reports, MAGIC SOFTWARE ENTR (MGK.SG) (MGK) has net assets worth €294.06 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€526.96 Million) and total liabilities (€232.91 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €294.06 Million |
| % of Total Assets | 55.8% |
| Annual Growth Rate | 5.76% |
| 5-Year Change | 9.92% |
| 10-Year Change | N/A |
| Growth Volatility | 6.79 |
MAGIC SOFTWARE ENTR (MGK.SG) - Net Assets Trend (2016–2023)
This chart illustrates how MAGIC SOFTWARE ENTR (MGK.SG)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MAGIC SOFTWARE ENTR (MGK.SG) (2016–2023)
The table below shows the annual net assets of MAGIC SOFTWARE ENTR (MGK.SG) from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €290.94 Million | +5.30% |
| 2022-12-31 | €276.31 Million | +0.27% |
| 2021-12-31 | €275.56 Million | -6.27% |
| 2020-12-31 | €293.99 Million | +11.07% |
| 2019-12-31 | €264.70 Million | +6.57% |
| 2018-12-31 | €248.37 Million | +16.30% |
| 2017-12-31 | €213.56 Million | +8.61% |
| 2016-12-31 | €196.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MAGIC SOFTWARE ENTR (MGK.SG)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 366.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €92.52 Million | 34.79% |
| Other Components | €173.46 Million | 65.21% |
| Total Equity | €265.98 Million | 100.00% |
MAGIC SOFTWARE ENTR (MGK.SG) Competitors by Market Cap
The table below lists competitors of MAGIC SOFTWARE ENTR (MGK.SG) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cohen & Steers Real Estate Opportunities and Income Fund
NYSE:RLTY
|
$145.21K |
|
CASAN - Companhia Catarinense de Aguas e Saneamento
SA:CASN3
|
$145.28K |
|
GESCO N (GSC1.SG)
STU:GSC1
|
$145.45K |
|
MEDIOBANCA (ME9.SG)
STU:ME9
|
$145.49K |
|
NEOPOST
BE:NEQ
|
$145.03K |
|
Montauk Metals Inc.
V:MTK
|
$144.92K |
|
Clave Indices De Precos Fundo De Investimento Imobiliario
SA:CLIN11
|
$144.86K |
|
Companhia Estadual de Distribuição de Energia Elétrica
SA:CEED3
|
$144.84K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MAGIC SOFTWARE ENTR (MGK.SG)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 262,927,000 to 265,981,000, a change of 3,054,000 (1.2%).
- Net income of 37,031,000 contributed positively to equity growth.
- Dividend payments of 30,798,000 reduced retained earnings.
- Other factors decreased equity by 3,179,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €37.03 Million | +13.92% |
| Dividends Paid | €30.80 Million | -11.58% |
| Other Changes | €-3.18 Million | -1.2% |
| Total Change | €- | 1.16% |
Book Value vs Market Value Analysis
This analysis compares MAGIC SOFTWARE ENTR (MGK.SG)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.64x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.03x to 2.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.73 | €14.30 | x |
| 2018-12-31 | €4.99 | €14.30 | x |
| 2019-12-31 | €5.06 | €14.30 | x |
| 2020-12-31 | €5.31 | €14.30 | x |
| 2021-12-31 | €5.40 | €14.30 | x |
| 2022-12-31 | €5.36 | €14.30 | x |
| 2023-12-31 | €5.42 | €14.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MAGIC SOFTWARE ENTR (MGK.SG) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.92%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.96x
- Recent ROE (13.92%) is above the historical average (9.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.07% | 5.90% | 0.64x | 1.61x | €-7.71 Million |
| 2017 | 7.34% | 5.98% | 0.75x | 1.63x | €-5.59 Million |
| 2018 | 8.15% | 6.99% | 0.78x | 1.49x | €-4.51 Million |
| 2019 | 8.18% | 6.22% | 0.80x | 1.63x | €-4.52 Million |
| 2020 | 9.67% | 6.79% | 0.83x | 1.72x | €-857.20K |
| 2021 | 11.23% | 6.20% | 0.99x | 1.84x | €3.25 Million |
| 2022 | 15.39% | 7.14% | 1.12x | 1.92x | €14.18 Million |
| 2023 | 13.92% | 6.92% | 1.02x | 1.96x | €10.43 Million |
Industry Comparison
This section compares MAGIC SOFTWARE ENTR (MGK.SG)'s net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MAGIC SOFTWARE ENTR (MGK.SG) (MGK) | €294.06 Million | 6.07% | 0.79x | $145.13K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |