Magnet Forensics Inc (MAGT.CA) Fundamental Analysis & Valuation

TSX:MAGT • CA55940P1018

Current stock price

44.24 CAD
0 (0%)
Last:

This MAGT.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. MAGT.CA Profitability Analysis

1.1 Basic Checks

  • MAGT had positive earnings in the past year.
  • MAGT had a positive operating cash flow in the past year.
MAGT.CA Yearly Net Income VS EBIT VS OCF VS FCFMAGT.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 0 10M 20M 30M

1.2 Ratios

  • MAGT's Return On Assets of 1.91% is fine compared to the rest of the industry. MAGT outperforms 79.27% of its industry peers.
  • MAGT has a Return On Equity of 3.61%. This is amongst the best in the industry. MAGT outperforms 80.49% of its industry peers.
  • MAGT has a Return On Invested Capital of 3.03%. This is in the better half of the industry: MAGT outperforms 79.27% of its industry peers.
Industry RankSector Rank
ROA 1.91%
ROE 3.61%
ROIC 3.03%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MAGT.CA Yearly ROA, ROE, ROICMAGT.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 0 100 -100 200

1.3 Margins

  • MAGT has a Profit Margin of 3.71%. This is amongst the best in the industry. MAGT outperforms 82.93% of its industry peers.
  • MAGT's Profit Margin has improved in the last couple of years.
  • The Operating Margin of MAGT (5.60%) is better than 84.15% of its industry peers.
  • MAGT's Operating Margin has improved in the last couple of years.
  • MAGT has a better Gross Margin (93.46%) than 93.90% of its industry peers.
  • In the last couple of years the Gross Margin of MAGT has remained more or less at the same level.
Industry RankSector Rank
OM 5.6%
PM (TTM) 3.71%
GM 93.46%
OM growth 3Y7.77%
OM growth 5YN/A
PM growth 3Y13.86%
PM growth 5YN/A
GM growth 3Y-0.36%
GM growth 5YN/A
MAGT.CA Yearly Profit, Operating, Gross MarginsMAGT.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. MAGT.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MAGT is destroying value.
  • The number of shares outstanding for MAGT has been increased compared to 1 year ago.
  • The debt/assets ratio for MAGT has been reduced compared to a year ago.
MAGT.CA Yearly Shares OutstandingMAGT.CA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 10M 20M 30M 40M
MAGT.CA Yearly Total Debt VS Total AssetsMAGT.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 50M 100M 150M

2.2 Solvency

  • MAGT has an Altman-Z score of 10.12. This indicates that MAGT is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of MAGT (10.12) is better than 89.02% of its industry peers.
  • The Debt to FCF ratio of MAGT is 0.21, which is an excellent value as it means it would take MAGT, only 0.21 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.21, MAGT belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
  • MAGT has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.05, MAGT is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.21
Altman-Z 10.12
ROIC/WACC0.27
WACC11.06%
MAGT.CA Yearly LT Debt VS Equity VS FCFMAGT.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 0 20M 40M 60M 80M 100M

2.3 Liquidity

  • A Current Ratio of 2.29 indicates that MAGT has no problem at all paying its short term obligations.
  • MAGT's Current ratio of 2.29 is fine compared to the rest of the industry. MAGT outperforms 65.85% of its industry peers.
  • A Quick Ratio of 2.29 indicates that MAGT has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 2.29, MAGT is doing good in the industry, outperforming 67.07% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.29
Quick Ratio 2.29
MAGT.CA Yearly Current Assets VS Current LiabilitesMAGT.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. MAGT.CA Growth Analysis

3.1 Past

  • The earnings per share for MAGT have decreased strongly by -60.57% in the last year.
  • The Earnings Per Share has been decreasing by -8.16% on average over the past years.
  • Looking at the last year, MAGT shows a very strong growth in Revenue. The Revenue has grown by 40.78%.
  • Measured over the past years, MAGT shows a very strong growth in Revenue. The Revenue has been growing by 36.79% on average per year.
EPS 1Y (TTM)-60.57%
EPS 3Y-8.16%
EPS 5YN/A
EPS Q2Q%750%
Revenue 1Y (TTM)40.78%
Revenue growth 3Y36.79%
Revenue growth 5YN/A
Sales Q2Q%44.97%

3.2 Future

  • MAGT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 139.00% yearly.
  • Based on estimates for the next years, MAGT will show a very strong growth in Revenue. The Revenue will grow by 28.11% on average per year.
EPS Next Y287.6%
EPS Next 2Y139%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year30.23%
Revenue Next 2Y28.11%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
MAGT.CA Yearly Revenue VS EstimatesMAGT.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
MAGT.CA Yearly EPS VS EstimatesMAGT.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 0.1 0.2 0.3 0.4

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5

4. MAGT.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • MAGT is valuated quite expensively with a Price/Earnings ratio of 442.40.
  • Based on the Price/Earnings ratio, MAGT is valued a bit cheaper than the industry average as 76.83% of the companies are valued more expensively.
  • MAGT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.23.
  • Based on the Price/Forward Earnings ratio of 112.44, the valuation of MAGT can be described as expensive.
  • 81.71% of the companies in the same industry are more expensive than MAGT, based on the Price/Forward Earnings ratio.
  • MAGT is valuated expensively when we compare the Price/Forward Earnings ratio to 22.42, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 442.4
Fwd PE 112.44
MAGT.CA Price Earnings VS Forward Price EarningsMAGT.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 100 200 300 400

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MAGT indicates a somewhat cheap valuation: MAGT is cheaper than 65.85% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MAGT indicates a somewhat cheap valuation: MAGT is cheaper than 78.05% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 41.1
EV/EBITDA 133.49
MAGT.CA Per share dataMAGT.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

4.3 Compensation for Growth

  • MAGT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of MAGT may justify a higher PE ratio.
  • MAGT's earnings are expected to grow with 139.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.54
PEG (5Y)N/A
EPS Next 2Y139%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. MAGT.CA Dividend Analysis

5.1 Amount

  • MAGT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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MAGT.CA Fundamentals: All Metrics, Ratios and Statistics

Magnet Forensics Inc

TSX:MAGT (4/11/2023, 7:00:00 PM)

44.24

0 (0%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)N/A
Earnings (Next)N/A
Inst Owners3.78%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.81B
Revenue(TTM)98.94M
Net Income(TTM)3.67M
Analysts76.36
Price Target47.68 (7.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)30.09%
Min EPS beat(2)13.12%
Max EPS beat(2)47.05%
EPS beat(4)2
Avg EPS beat(4)-66.4%
Min EPS beat(4)-171.3%
Max EPS beat(4)47.05%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)3.54%
Min Revenue beat(2)2.27%
Max Revenue beat(2)4.8%
Revenue beat(4)3
Avg Revenue beat(4)2.75%
Min Revenue beat(4)-1%
Max Revenue beat(4)4.9%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.77%
PT rev (3m)7.56%
EPS NQ rev (1m)233.33%
EPS NQ rev (3m)233.33%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)4.8%
Revenue NQ rev (3m)4.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 442.4
Fwd PE 112.44
P/S 13.5
P/FCF 41.1
P/OCF 39.34
P/B 13.13
P/tB 14.12
EV/EBITDA 133.49
EPS(TTM)0.1
EY0.23%
EPS(NY)0.39
Fwd EY0.89%
FCF(TTM)1.08
FCFY2.43%
OCF(TTM)1.12
OCFY2.54%
SpS3.28
BVpS3.37
TBVpS3.13
PEG (NY)1.54
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 1.91%
ROE 3.61%
ROCE N/A
ROIC 3.03%
ROICexc N/A
ROICexgc N/A
OM 5.6%
PM (TTM) 3.71%
GM 93.46%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y7.77%
OM growth 5YN/A
PM growth 3Y13.86%
PM growth 5YN/A
GM growth 3Y-0.36%
GM growth 5YN/A
F-Score5
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.21
Debt/EBITDA 0.76
Cap/Depr 42.39%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 886.21%
Current Ratio 2.29
Quick Ratio 2.29
Altman-Z 10.12
F-Score5
WACC11.06%
ROIC/WACC0.27
Cap/Depr(3y)61.4%
Cap/Depr(5y)74.48%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)437.77%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-60.57%
EPS 3Y-8.16%
EPS 5YN/A
EPS Q2Q%750%
EPS Next Y287.6%
EPS Next 2Y139%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)40.78%
Revenue growth 3Y36.79%
Revenue growth 5YN/A
Sales Q2Q%44.97%
Revenue Next Year30.23%
Revenue Next 2Y28.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-52.09%
EBIT growth 3Y47.42%
EBIT growth 5YN/A
EBIT Next Year1176.88%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y95.7%
FCF growth 3Y53.94%
FCF growth 5YN/A
OCF growth 1Y92.06%
OCF growth 3Y49.32%
OCF growth 5YN/A

Magnet Forensics Inc / MAGT.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of Magnet Forensics Inc (MAGT.CA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to MAGT.CA.


What is the valuation status for MAGT stock?

ChartMill assigns a valuation rating of 0 / 10 to Magnet Forensics Inc (MAGT.CA). This can be considered as Overvalued.


How profitable is Magnet Forensics Inc (MAGT.CA) stock?

Magnet Forensics Inc (MAGT.CA) has a profitability rating of 1 / 10.


How financially healthy is Magnet Forensics Inc?

The financial health rating of Magnet Forensics Inc (MAGT.CA) is 8 / 10.


What is the earnings growth outlook for Magnet Forensics Inc?

The Earnings per Share (EPS) of Magnet Forensics Inc (MAGT.CA) is expected to grow by 287.6% in the next year.