Magyar Bancorp, Inc. - MGYR

MGYR Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
MGYR	-0.3	2.9	4.1	4.6	15.4	34.0	9.5	30.2	78.6	46.9
S&P 500	-1.4	-1.8	0.9	5.8	10.5	30.3	25.3	88.0	187.4	33120.7

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	MGYR
name	Magyar Bancorp, Inc.
price	12.8087
changes percentage	-0.3214
change	-0.0413
day low	12.8087
day high	13
year high	13
year low	9.57
market cap	83130640
price avg 50	12.3674
price avg 200	11.6788
exchange	NASDAQ
volume	2766
avg volume	2996
open	12.9
previous close	12.85
eps	1.22
pe	10.5
earnings announcement	2025-01-23T05:00:00.000+0000
shares outstanding	6490170
timestamp	2024-11-15 17:05:57

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 62.7%

Overall Quarterly Financial Health: 81.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2024	2023	Y/Y change %
0001337068
revenue	52184000	30416000	71.57
gross profit	52184000	30416000	71.57
gross profit ratio	1	1	0.00
research and development expenses	0	0	NaN
operating expenses	-41084000	-19675000	-108.81
interest income	0	38068000	-100.00
interest expense	0	10334000	-100.00
ebitda	11100000	11581000	-4.15
ebitdaratio	0.21	0.35	-39.77
operating income	11100000	10741000	3.34
operating income ratio	0.21	0.35	-39.77
net income	7783000	7709000	0.96
net income ratio	0.15	0.25	-41.15
eps	1.23	1.2	2.50

Overall Score of Annual Income Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 52 million in 2024 from 30 million in 2023 representing a change of 71.57%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 52 million in 2024 from 30 million in 2023 representing a change of 71.57%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Income: Operating income increased to 11 million in 2024 from 11 million in 2023 representing a change of 3.34%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 8 million in 2024 from 8 million in 2023 representing a change of 0.96%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 1.23 in 2024 from 1.23 in 2023 representing a change of 2.5%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to -41 million in 2024 from -20 million in 2023 representing a change of -108.81%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 11 million in 2024 from 12 million in 2023 representing a change of -4.15%. The decrease in EBITDA indicates declined operational efficiency and profitability.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q4	2024Q3	Q/Q change %
0001337068
revenue	14737000	12736000	15.71
gross profit	14737000	12736000	15.71
gross profit ratio	1	1	0.00
research and development expenses	0	0	NaN
operating expenses	-10604000	5055000	-309.77
interest income	0	12327000	-100.00
interest expense	0	5543000	-100.00
ebitda	4133000	-2415000	271.14
ebitdaratio	0.28	-0.17	262.95
operating income	4133000	12736000	-67.55
operating income ratio	0.28	1	-71.95
net income	2542000	1691000	50.33
net income ratio	0.17	0.13	29.91
eps	0.41	0.27	51.85

Overall Score of Quarterly Income Statement

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 15 million in 2024Q4 from 13 million in 2024Q3 representing a change of 15.71%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 15 million in 2024Q4 from 13 million in 2024Q3 representing a change of 15.71%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to -11 million in 2024Q4 from 5 million in 2024Q3 representing a change of -309.77%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 4 million in 2024Q4 from -2 million in 2024Q3 representing a change of 271.14%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 4 million in 2024Q4 from 13 million in 2024Q3 representing a change of -67.55%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 3 million in 2024Q4 from 2 million in 2024Q3 representing a change of 50.33%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.41 in 2024Q4 from 0.41 in 2024Q3 representing a change of 51.85%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001337068
total assets	907292000	798543000	13.62
total liabilities	802502000	700041000	14.64
total equity	104790000	98502000	6.38
cash and cash equivalents	72532000	30936000	134.46
short term investments	10125000	9229000	9.71
long term investments	0	100875000	-100.00
total current assets	706711000	15576000	4437.18
total non current assets	749181000	13880000	5297.56
total current liabilities	637663000	18017000	3439.23
total non current liabilities	162337999	18017000	801.03
common stock	71000	71000	0.00
retained earnings	52166000	45773000	13.97
total debt	29515000	15625000	88.90

Overall Score of Annual Balance Sheet

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 907 million in 2023 from 799 million in 2022 representing a change of 13.62%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 105 million in 2023 from 99 million in 2022 representing a change of 6.38%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 73 million in 2023 from 31 million in 2022 representing a change of 134.46%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 10 million in 2023 from 9 million in 2022 representing a change of 9.71%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 707 million in 2023 from 16 million in 2022 representing a change of 4437.18%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 52 million in 2023 from 46 million in 2022 representing a change of 13.97%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 803 million in 2023 from 700 million in 2022 representing a change of 14.64%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 638 million in 2023 from 18 million in 2022 representing a change of 3439.23%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 30 million in 2023 from 16 million in 2022 representing a change of 88.9%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001337068
total assets	944354000	928564000	1.70
total liabilities	835315000	820929000	1.75
total equity	109039000	107635000	1.30
cash and cash equivalents	49047000	49989000	-1.88
short term investments	15584000	11913000	30.82
long term investments	94501000	50859000	85.81
total current assets	54704000	55911000	-2.16
total non current assets	889650000	872653000	1.95
total current liabilities	0	583081000	-100.00
total non current liabilities	243558000	237847999	2.40
common stock	71000	71000	0.00
retained earnings	56399000	55027000	2.49
total debt	28568000	28796000	-0.79

Overall Score of Quarterly Balance Sheet

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 944 million in 2024Q3 from 929 million in 2024Q2 representing a change of 1.7%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 109 million in 2024Q3 from 108 million in 2024Q2 representing a change of 1.3%. This indicates an increase in shareholders' equity.

  Short Term Investments: Short Term Investments increased to 16 million in 2024Q3 from 12 million in 2024Q2 representing a change of 30.82%. This indicates an increase in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities decreased to 0 million in 2024Q3 from 583 million in 2024Q2 representing a change of -100.0%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 56 million in 2024Q3 from 55 million in 2024Q2 representing a change of 2.49%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 29 million in 2024Q3 from 29 million in 2024Q2 representing a change of -0.79%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 835 million in 2024Q3 from 821 million in 2024Q2 representing a change of 1.75%. This indicates an increase in overall liabilities.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 49 million in 2024Q3 from 50 million in 2024Q2 representing a change of -1.88%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 55 million in 2024Q3 from 56 million in 2024Q2 representing a change of -2.16%. This indicates a worsen liquidity position.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001337068
net change in cash	41596000	-44265000	193.97
operating cash flow	8484000	11201000	-24.26
free cash flow	8175000	10814000	-24.40
capital expenditure	-309000	-387000	20.16
depreciation and amortization	840000	839000	0.12
deferred income tax	-615000	152000	-504.61
stock based compensation	786000	185000	324.86
accounts payables	764000	3551000	-78.48
inventory	-280000	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-309000	-387000	20.16
net cash used for investing activites	-66053000	-69743000	5.29
debt repayment	13890000	-7731000	279.67
common stock issued	0	0	NaN
common stock repurchased	-1217000	-4551000	73.26
dividends paid	-1315000	-1427000	7.85
net cash used provided by financing activities	99165000	14277000	594.58
cash at end of period	72532000	30936000	134.46
accounts receivables	-859000	55000	-1661.82
cash at beginning of period	30936000	75201000	-58.86

Overall Score of Annual Cashflow Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 42 million in 2023 from -44 million in 2022 representing a change of 193.97%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Accounts Payables: The absolute value of Accounts Payables decreased to 1 million in 2023 from 4 million in 2022 representing a change of -78.48%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -1 million in 2023 from 0 million in 2022 representing a change of -1661.82%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to -1 million in 2023 from -1 million in 2022 representing a change of 7.85%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 8 million in 2023 from 11 million in 2022 representing a change of -24.26%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 8 million in 2023 from 11 million in 2022 representing a change of -24.4%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure increased to 0 million in 2023 from 0 million in 2022 representing a change of 20.16%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Stock-Based Compensation: Stock-Based Compensation increased to 1 million in 2023 from 0 million in 2022 representing a change of 324.86%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001337068
operating cash flow	1686000	339000	397.35
free cash flow	1545000	214000	621.96
capital expenditure	-141000	-125000	-12.80
depreciation and amortization	223000	223000	0.00
deferred income tax	-114000	-118000	3.39
stock based compensation	195000	196000	-0.51
accounts receivables	-63000	-167000	62.28
accounts payables	-55000	-1509000	96.36
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-141000	-125000	-12.80
net cash used for investing activites	-16597000	-12771000	-29.96
debt repayment	-228000	0	NaN
common stock issued	0	0	NaN
common stock repurchased	-153000	-608000	74.84
dividends paid	-319000	-326000	2.15
net cash used provided by financing activities	13969000	11304000	23.58
net change in cash	-942000	-1128000	16.49
cash at end of period	49047000	49989000	-1.88
cash at beginning of period	49989000	51117000	-2.21

Overall Score of Quarterly Cashflow Statement

0.78 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to -1 million in 2024Q3 from -1 million in 2024Q2 representing a change of 16.49%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 2 million in 2024Q3 from 0 million in 2024Q2 representing a change of 397.35%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 2 million in 2024Q3 from 0 million in 2024Q2 representing a change of 621.96%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -12.8%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -0.51%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2024Q3 from 2 million in 2024Q2 representing a change of 96.36%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Dividends Paid: Dividends Paid increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 2.15%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Deferred Income Tax: Deferred Income Tax increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 3.39%. This indicates that the company's tax liability for future periods has increased.

  Accounts Receivables: Accounts Receivables increased to 0 in 2024Q3 from 0 million in 2024Q2 representing a change of 62.28%. This suggests that the company is less capable of collecting payments from its customers.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2024-09-30	2023-09-30	Y/Y change %
FY
calendar year	2024	2023	NaN
revenue per share	8.25	4.73	74.20
net income per share	1.23	1.2	2.51
operating cash flow per share	None	1.32	NaN
free cash flow per share	None	1.27	NaN
cash per share	None	12.87	NaN
book value per share	None	16.31	NaN
tangible book value per share	None	16.87	NaN
shareholders equity per share	None	16.31	NaN
interest debt per share	None	6.2	NaN
market cap	77956549.44	65854159	18.38
enterprise value	None	22837159	NaN
pe ratio	10.02	8.54	17.25
price to sales ratio	1.49	2.17	-31.00
pocfratio	0	7.76	-100.00
pfcf ratio	0	8.06	-100.00
pb ratio	0	0.63	-100.00
ptb ratio	0	0.63	-100.00
ev to sales	None	0.75	NaN
enterprise value over ebitda	None	1.97	NaN
ev to operating cash flow	0	2.69	-100.00
ev to free cash flow	0	2.79	-100.00
earnings yield	0.1	0.12	-14.71
free cash flow yield	None	0.12	NaN
debt to equity	0	0.28	-100.00
debt to assets	0	0.03	-100.00
net debt to ebitda	None	-3.71	NaN
current ratio	0	1.11	-100.00
interest coverage	0	1.04	-100.00
income quality	0	1.1	-100.00
dividend yield	None	0.02	NaN
payout ratio	None	0.17	NaN
sales general and administrative to revenue	0	0.02	-100.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	-0.0	100.00
capex to operating cash flow	0	0.04	-100.00
capex to revenue	None	0.01	NaN
capex to depreciation	0	0.37	-100.00
stock based compensation to revenue	None	0.03	NaN
graham number	None	20.98	NaN
roic	0	0.06	-100.00
return on tangible assets	0	0.01	-100.00
graham net net	None	-31.1	NaN
working capital	None	69048000	NaN
tangible asset value	None	108382000	NaN
net current asset value	None	-95791000	NaN
invested capital	None	78795000	NaN
average receivables	None	348442500	NaN
average payables	None	264000	NaN
average inventory	None	-17347500	NaN
days sales outstanding	None	8321.07	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0.04	-100.00
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0	0.07	-100.00
capex per share	None	0.05	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to 0.00 on 2024-09-30 from 0.07 on 2023-09-30, representing a change of -100.00%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 0.00 on 2024-09-30 from 1.11 on 2023-09-30, representing a change of -100.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 10.02 on 2024-09-30 from 8.54 on 2023-09-30, representing a change of 17.25%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2024-09-30 from 0.28 on 2023-09-30, representing a change of -100.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-09-30 Q4	2024-06-30 Q3	Q/Q change %
MGYR
calendar year	2024	2024	NaN
revenue per share	2.38	2.01	18.01
net income per share	0.41	0.27	53.32
operating cash flow per share	None	0.27	NaN
free cash flow per share	None	0.24	NaN
cash per share	None	10.22	NaN
book value per share	None	17.24	NaN
tangible book value per share	None	17.24	NaN
shareholders equity per share	None	17.24	NaN
interest debt per share	None	5.39	NaN
market cap	76384000	71327196.24	7.09
enterprise value	None	50848196.24	NaN
pe ratio	7.51	10.55	-28.76
price to sales ratio	5.18	5.6	-7.45
pocfratio	0	42.31	-100.00
pfcf ratio	0	46.17	-100.00
pb ratio	0	0.65	-100.00
ptb ratio	0	0.65	-100.00
ev to sales	None	3.99	NaN
enterprise value over ebitda	None	-21.06	NaN
ev to operating cash flow	0	30.16	-100.00
ev to free cash flow	0	32.91	-100.00
earnings yield	0.03	0.02	40.37
free cash flow yield	None	0.02	NaN
debt to equity	0	0.26	-100.00
debt to assets	0	0.03	-100.00
net debt to ebitda	None	8.48	NaN
current ratio	0	0	NaN
interest coverage	0	2.3	-100.00
income quality	0	1.0	-100.00
dividend yield	None	0.0	NaN
payout ratio	None	0.19	NaN
sales general and administrative to revenue	0	0.02	-100.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0.08	-100.00
capex to revenue	None	0.01	NaN
capex to depreciation	0	0.63	-100.00
stock based compensation to revenue	None	0.02	NaN
graham number	None	10.19	NaN
roic	0	0.07	-100.00
return on tangible assets	0	0.0	-100.00
graham net net	None	-121.31	NaN
working capital	None	54704000	NaN
tangible asset value	None	109039000	NaN
net current asset value	None	-780611000	NaN
invested capital	None	67058000	NaN
average receivables	None	4783500	NaN
average payables	None	767000	NaN
average inventory	None	-10039000	NaN
days sales outstanding	None	34.03	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	2.65	-100.00
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0	0.02	-100.00
capex per share	None	0.02	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to 0.00 on 2024-09-30 Q4 from 0.02 on 2024-06-30 Q3, representing a change of -100.00%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 7.51 on 2024-09-30 Q4 from 10.55 on 2024-06-30 Q3, representing a change of -28.76%. Indicating a decrease in the relative valuation of the company's stock.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2024-09-30 Q4 from 0.26 on 2024-06-30 Q3, representing a change of -100.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 7.59 which is lower than current price 12.81, indicates the company may be overvalued.