$Magic Software Enterprises (MGIC.US)$ 🎯 2024.4.17 Current ...

New data: 23Q3 and 23Q4. Revenue, operating profit, and net profit all continued to shrink sharply.

In 2023, revenue shrank by 5.6%, operating profit shrank by 7.5%, net profit shrank by 8.5%, and return on net assets fell to 14%.

Currently, the price-earnings ratio is 15.4 and the dividend rate is 5.4%. Considering the sharp decline in profitability in the past two quarters, we have temporarily withdrawn from wait and see.