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Formula Systems (1985) Ltd
Formula Systems (1985) Ltd (FORTY) is listed on NASDAQ and classified in Information Technology Services, part of the Technology sector. It is headquartered in Or Yehuda, Israel and has 19,337 employees. The company is worth $1.76B and trades at 24.3x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $750.56M in fiscal 2015, up 17.9% from the year before. Net income was $73.71M. The share price is 39.9% below its 52-week high of $190.56. It pays a dividend yielding 13.24%. None of the 38 superinvestors we track reported it in their latest 13F. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
None of the investors we track reported a position in FORTY.
▼ -3.5% over 5Y.
today you would have $1,247.71▲ +24.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 11 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2021 | 2020 | 2019 | 2018 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $123.97 | $85.50 | $68.24 | $35.64 | $26.30 | $22.10 | $25.10 | $15.49 | $14.77 | $18.51 | $11.09 | |
| P/E | 5.3x | — | — | — | — | 5.3x | 4.0x | 4.4x | 9.3x | 4.7x | 13.6x | 7.9x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 13.2% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 5.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| WLTHWealthfront Corp | $11.20 | — | 2.7x | 0.00% | -15.50% | $1.75B |
| IQMXIQM Quantum Computers Oyj | $9.23 | — | 7.2x | 0.00% | — | $1.75B |
| ATENA10 Networks, Inc. | $24.56 | 43.1x | 7.5x | 0.98% | 19.45% | $1.78B |
| NYAXNayax Ltd. | $45.89 |
| P/S | 0.5x | — | — | — | — | 0.5x | 0.5x | 0.5x | 0.3x | 0.3x | 0.5x | 0.0x |
| P/B | 0.9x | — | — | — | — | 0.9x | 0.8x | 1.2x | 0.9x | 1.0x | 1.3x | 0.0x |
| EPS | — | — | — | — | $5.00 | $5.59 | $5.68 | $1.67 | $3.11 | $1.36 | $1.40 |
| Dividend yield | 2.62% | 1.17% | 0.61% | 1.43% | 1.91% | 3.33% | 3.57% | 1.47% | — | 4.81% | 7.94% | 20.47% |
| Payout | 20.16% | — | — | — | — | 17.50% | 14.13% | 6.51% | — | 22.83% | 108.09% | 162.14% |
| Profit margin | 6.71% | — | — | — | — | 9.82% | 12.70% | 10.14% | 3.15% | 6.71% | 3.34% | 4.06% |
| ROE | 16.32% | — | — | — | — | 16.32% | 20.74% | 25.27% | 9.54% | 19.65% | 9.30% | 6.46% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 5.2% a year against a 7.0% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
-17.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 218.5x |
| 7.0x |
| 0.00% |
| 3.52% |
| $1.72B |
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