Magyar Bancorp Financials

MGYR Stock  USD 11.17  0.18  1.64%   
Based on the analysis of Magyar Bancorp's profitability, liquidity, and operating efficiency, Magyar Bancorp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Magyar Bancorp's Cash And Short Term Investments are relatively stable compared to the past year. As of 06/04/2024, Net Receivables is likely to grow to about 837.3 M, though Other Current Liabilities is likely to grow to (15.8 M). Key indicators impacting Magyar Bancorp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.220.23
Sufficiently Down
Pretty Stable
Return On Assets0.0080.0076
Sufficiently Up
Slightly volatile
Return On Equity0.06950.0662
Sufficiently Up
Slightly volatile
Debt Equity Ratio0.310.32
Sufficiently Down
Slightly volatile
Operating Income7.3 M12.4 M
Way Down
Slightly volatile
Current Ratio34.4744.11
Significantly Down
Slightly volatile
The financial analysis of Magyar Bancorp is a critical element in measuring its lifeblood. Investors should not minimize Magyar Bancorp's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

9.31 Million

  
Understanding current and past Magyar Bancorp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Magyar Bancorp's financial statements are interrelated, with each one affecting the others. For example, an increase in Magyar Bancorp's assets may result in an increase in income on the income statement.
The data published in Magyar Bancorp's official financial statements usually reflect Magyar Bancorp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Magyar Bancorp. For example, before you start analyzing numbers published by Magyar accountants, it's critical to develop an understanding of what Magyar Bancorp's liquidity, profitability, and earnings quality are in the context of the Banks space in which it operates.
Please note, the presentation of Magyar Bancorp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Magyar Bancorp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Magyar Bancorp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Magyar Bancorp. Please utilize our Beneish M Score to check the likelihood of Magyar Bancorp's management manipulating its earnings.

Magyar Bancorp Stock Summary

Magyar Bancorp competes with HMN Financial, Cullman Bancorp, Home Federal, Community West, and First Financial. Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. As of July 21, 2021, Magyar Bancorp, Inc. was formerly a subsidiary of Magyar Bancorp, MHC Magyar Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 94 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS55977T2087
CUSIP55977T109 55977T208
LocationNew Jersey; U.S.A
Business Address400 Somerset Street,
SectorBanks
IndustryFinancials
BenchmarkNYSE Composite
Websitewww.magbank.com
Phone732 342 7600
CurrencyUSD - US Dollar
You should never invest in Magyar Bancorp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Magyar Stock, because this is throwing your money away. Analyzing the key information contained in Magyar Bancorp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Magyar Bancorp Key Financial Ratios

Generally speaking, Magyar Bancorp's financial ratios allow both analysts and investors to convert raw data from Magyar Bancorp's financial statements into concise, actionable information that can be used to evaluate the performance of Magyar Bancorp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Magyar Bancorp reports annually and quarterly.

Magyar Bancorp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets754.0M657.8M798.5M907.3M1.0B610.6M
Other Current Liab(9.0M)(9.9M)(18.0M)(18.4M)(16.6M)(15.8M)
Other Liab3.8M4.1M3.2M16.7M15.0M15.8M
Net Debt5.7M(51.8M)(15.3M)26.3M23.7M15.3M
Retained Earnings33.2M39.3M45.8M52.2M60.0M30.0M
Accounts Payable9.0M9.9M13.3M14.0M16.1M17.0M
Cash61.7M75.2M30.9M3.2M3.7M3.5M
Other Assets613.9M481.2M769.1M187.2M215.3M204.6M
Long Term Debt67.4M23.4M10.9M25.1M22.6M27.5M
Net Receivables4.0M3.5M3.5M693.4M797.4M837.3M
Total Liab697.1M560.1M700.0M802.5M922.9M553.7M
Total Current Assets80.3M91.7M15.6M706.7M812.7M853.4M
Inventory(68.4M)(79.4M)(34.7M)(77.2M)(69.5M)(66.0M)
Net Tangible Assets54.7M56.9M97.6M98.5M113.3M62.7M
Capital Surpluse26.3M26.3M26.3M63.7M73.3M77.0M
Intangible Assets26K12K4K28K25.2K23.9K
Other Current Assets68.4M79.4M34.7M77.2M88.8M93.2M
Short Long Term Debt8.9M10.3M4.7M4.4M3.9M3.7M
Short Term Debt7.8M11.5M4.7M4.4M3.9M7.5M

Magyar Bancorp Key Income Statement Accounts

The reason investors look at the income statement is to determine what Magyar Bancorp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense5.5M2.9M2.5M10.3M9.3M5.4M
Total Revenue23.1M29.0M231K30.4M35.0M18.3M
Gross Profit23.1M29.0M231K30.4M35.0M18.2M
Operating Income3.1M8.7M13.8M10.7M12.4M7.3M
Ebit3.1M8.7M13.8M10.7M9.7M6.2M
Ebitda4.0M9.6M14.7M10.7M9.7M6.9M
Income Before Tax3.1M8.7M11.2M10.7M12.4M13.0M
Net Income2.2M6.1M7.9M7.7M8.9M9.3M
Income Tax Expense921K2.6M3.3M3.0M3.5M3.7M
Tax Provision921K2.6M3.3M3.0M3.5M1.8M
Net Interest Income21.4M25.6M27.0M27.7M31.9M23.6M
Interest Income26.9M28.5M29.5M38.1M43.8M28.9M

Magyar Bancorp Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash40.3M13.5M(44.3M)41.6M47.8M50.2M
Free Cash Flow667K8.8M10.8M8.5M9.8M6.8M
Depreciation854K835K839K977K1.1M990K
Other Non Cash Items2.1M1.9M427K(7.7M)(6.9M)(6.6M)
Capital Expenditures147K420K387K309K278.1K264.2K
Net Income2.2M6.1M7.9M7.7M8.9M9.3M
End Period Cash Flow21.5M61.7M75.2M30.9M35.6M21.6M
Change To Inventory(226K)700K(1.6M)(280K)(252K)(239.4K)
Investments(12.2M)(26.0M)(29.5M)(66.1M)(59.4M)(56.5M)
Change Receivables(252K)48K(1.9M)55K49.5K52.0K
Net Borrowings665K31.2M(44.1M)(9.2M)(8.2M)(7.8M)
Change To Netincome215K542K1.8M(463K)(416.7K)(395.9K)

Magyar Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Magyar Bancorp's current stock value. Our valuation model uses many indicators to compare Magyar Bancorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Magyar Bancorp competition to find correlations between indicators driving Magyar Bancorp's intrinsic value. More Info.
Magyar Bancorp is regarded fourth in return on equity category among its peers. It also is regarded fourth in return on asset category among its peers reporting about  0.12  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Magyar Bancorp is roughly  8.43 . At this time, Magyar Bancorp's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Magyar Bancorp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Magyar Bancorp's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Magyar Bancorp Systematic Risk

Magyar Bancorp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Magyar Bancorp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Beta measures systematic risk based on how returns on Magyar Bancorp correlated with the market. If Beta is less than 0 Magyar Bancorp generally moves in the opposite direction as compared to the market. If Magyar Bancorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Magyar Bancorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Magyar Bancorp is generally in the same direction as the market. If Beta > 1 Magyar Bancorp moves generally in the same direction as, but more than the movement of the benchmark.

About Magyar Bancorp Financials

What exactly are Magyar Bancorp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Magyar Bancorp's income statement, its balance sheet, and the statement of cash flows. Potential Magyar Bancorp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Magyar Bancorp investors may use each financial statement separately, they are all related. The changes in Magyar Bancorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Magyar Bancorp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Magyar Bancorp Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Magyar Bancorp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Magyar has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Magyar Bancorp's financials are consistent with your investment objective using the following steps:
  • Review Magyar Bancorp's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Magyar Bancorp's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Magyar Bancorp's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Magyar Bancorp's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.
Today, most investors in Magyar Bancorp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Magyar Bancorp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Magyar Bancorp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

3.15

At this time, Magyar Bancorp's Price Earnings To Growth Ratio is relatively stable compared to the past year.

Magyar Bancorp June 4, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Magyar Bancorp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Magyar Bancorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Magyar Bancorp based on widely used predictive technical indicators. In general, we focus on analyzing Magyar Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Magyar Bancorp's daily price indicators and compare them against related drivers.

Additional Tools for Magyar Stock Analysis

When running Magyar Bancorp's price analysis, check to measure Magyar Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magyar Bancorp is operating at the current time. Most of Magyar Bancorp's value examination focuses on studying past and present price action to predict the probability of Magyar Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magyar Bancorp's price. Additionally, you may evaluate how the addition of Magyar Bancorp to your portfolios can decrease your overall portfolio volatility.