FORMULA SYSTEMS 1985-SP ADR (FORTY) Fundamental Analysis & Valuation

NASDAQ:FORTY • US3464141056

Current stock price

110.28 USD
-2.42 (-2.15%)
Last:

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

6

1. FORTY Profitability Analysis

1.1 Basic Checks

  • In the past year FORTY was profitable.
  • In the past 5 years FORTY has always been profitable.
  • In the past 5 years FORTY always reported a positive cash flow from operatings.
FORTY Yearly Net Income VS EBIT VS OCF VS FCFFORTY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

  • FORTY has a Return On Assets (2.16%) which is in line with its industry peers.
  • Looking at the Return On Equity, with a value of 9.23%, FORTY is in the better half of the industry, outperforming 68.18% of the companies in the same industry.
  • FORTY has a Return On Invested Capital of 10.10%. This is in the better half of the industry: FORTY outperforms 73.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FORTY is in line with the industry average of 11.07%.
Industry RankSector Rank
ROA 2.16%
ROE 9.23%
ROIC 10.1%
ROA(3y)2.61%
ROA(5y)2.34%
ROE(3y)12.24%
ROE(5y)11.22%
ROIC(3y)10.21%
ROIC(5y)9.34%
FORTY Yearly ROA, ROE, ROICFORTY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

  • With a Profit Margin value of 2.49%, FORTY perfoms like the industry average, outperforming 55.68% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FORTY has grown nicely.
  • FORTY's Operating Margin of 9.18% is fine compared to the rest of the industry. FORTY outperforms 68.18% of its industry peers.
  • FORTY's Operating Margin has improved in the last couple of years.
  • FORTY's Gross Margin of 23.67% is on the low side compared to the rest of the industry. FORTY is outperformed by 70.45% of its industry peers.
  • FORTY's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 9.18%
PM (TTM) 2.49%
GM 23.67%
OM growth 3Y4.28%
OM growth 5Y3.8%
PM growth 3Y8.37%
PM growth 5Y4.83%
GM growth 3Y1.92%
GM growth 5Y1.82%
FORTY Yearly Profit, Operating, Gross MarginsFORTY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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3

2. FORTY Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FORTY is creating some value.
  • Compared to 1 year ago, FORTY has about the same amount of shares outstanding.
  • FORTY has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, FORTY has an improved debt to assets ratio.
FORTY Yearly Shares OutstandingFORTY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M
FORTY Yearly Total Debt VS Total AssetsFORTY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • A Debt/Equity ratio of 0.45 indicates that FORTY is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.45, FORTY is in line with its industry, outperforming 48.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC1.44
WACC7%
FORTY Yearly LT Debt VS Equity VS FCFFORTY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 1.60 indicates that FORTY should not have too much problems paying its short term obligations.
  • FORTY's Current ratio of 1.60 is in line compared to the rest of the industry. FORTY outperforms 46.59% of its industry peers.
  • A Quick Ratio of 1.58 indicates that FORTY should not have too much problems paying its short term obligations.
  • FORTY has a Quick ratio (1.58) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.6
Quick Ratio 1.58
FORTY Yearly Current Assets VS Current LiabilitesFORTY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

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

3

3. FORTY Growth Analysis

3.1 Past

  • FORTY shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.70%.
  • FORTY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.01% yearly.
  • The Revenue has been growing slightly by 6.65% in the past year.
  • Measured over the past years, FORTY shows a quite strong growth in Revenue. The Revenue has been growing by 10.14% on average per year.
EPS 1Y (TTM)-5.7%
EPS 3Y12.87%
EPS 5Y15.01%
EPS Q2Q%-27.81%
Revenue 1Y (TTM)6.65%
Revenue growth 3Y4.67%
Revenue growth 5Y10.14%
Sales Q2Q%-0.47%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
FORTY Yearly Revenue VS EstimatesFORTY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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2

4. FORTY Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.56 indicates a rather expensive valuation of FORTY.
  • FORTY's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 25.35, FORTY is valued at the same level.
Industry RankSector Rank
PE 23.56
Fwd PE N/A
FORTY Price Earnings VS Forward Price EarningsFORTY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FORTY indicates a rather cheap valuation: FORTY is cheaper than 89.77% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.08
FORTY Per share dataFORTY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150

4.3 Compensation for Growth

  • FORTY has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.57
EPS Next 2YN/A
EPS Next 3YN/A

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6

5. FORTY Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.41%, FORTY has a reasonable but not impressive dividend return.
  • The stock price of FORTY dropped by -26.36% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • FORTY's Dividend Yield is rather good when compared to the industry average which is at 1.22. FORTY pays more dividend than 88.64% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, FORTY pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.41%

5.2 History

  • The dividend of FORTY is nicely growing with an annual growth rate of 7.28%!
  • FORTY has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of FORTY decreased recently.
Dividend Growth(5Y)7.28%
Div Incr Years1
Div Non Decr Years1
FORTY Yearly Dividends per shareFORTY Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • The dividend of FORTY is growing, but earnings are growing more, so the dividend growth is sustainable.
DPN/A
EPS Next 2YN/A
EPS Next 3YN/A
FORTY Yearly Income VS Free CF VS DividendFORTY Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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FORTY Fundamentals: All Metrics, Ratios and Statistics

FORMULA SYSTEMS 1985-SP ADR

NASDAQ:FORTY (3/31/2026, 8:00:00 PM)

110.28

-2.42 (-2.15%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)03-18
Earnings (Next)05-20
Inst Owners31.15%
Inst Owner Change0.09%
Ins Owners12.1%
Ins Owner ChangeN/A
Market Cap1.69B
Revenue(TTM)2.89B
Net Income(TTM)71.75M
Analysts0
Price TargetN/A
Short Float %0%
Short Ratio0.43
Dividend
Industry RankSector Rank
Dividend Yield 2.41%
Yearly Dividend1.23
Dividend Growth(5Y)7.28%
DPN/A
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 23.56
Fwd PE N/A
P/S 0.59
P/FCF N/A
P/OCF N/A
P/B 2.17
P/tB N/A
EV/EBITDA 5.08
EPS(TTM)4.68
EY4.24%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS188.24
BVpS50.72
TBVpS-11.67
PEG (NY)N/A
PEG (5Y)1.57
Graham Number73.08
Profitability
Industry RankSector Rank
ROA 2.16%
ROE 9.23%
ROCE 13%
ROIC 10.1%
ROICexc 12.82%
ROICexgc 31.73%
OM 9.18%
PM (TTM) 2.49%
GM 23.67%
FCFM N/A
ROA(3y)2.61%
ROA(5y)2.34%
ROE(3y)12.24%
ROE(5y)11.22%
ROIC(3y)10.21%
ROIC(5y)9.34%
ROICexc(3y)14.47%
ROICexc(5y)13.18%
ROICexgc(3y)118.48%
ROICexgc(5y)104.43%
ROCE(3y)13.53%
ROCE(5y)12.41%
ROICexgc growth 3Y7.37%
ROICexgc growth 5Y11.27%
ROICexc growth 3Y8.43%
ROICexc growth 5Y8.37%
OM growth 3Y4.28%
OM growth 5Y3.8%
PM growth 3Y8.37%
PM growth 5Y4.83%
GM growth 3Y1.92%
GM growth 5Y1.82%
F-ScoreN/A
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF N/A
Debt/EBITDA 0.91
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.6
Quick Ratio 1.58
Altman-Z N/A
F-ScoreN/A
WACC7%
ROIC/WACC1.44
Cap/Depr(3y)28.48%
Cap/Depr(5y)28.2%
Cap/Sales(3y)1.27%
Cap/Sales(5y)1.32%
Profit Quality(3y)342.4%
Profit Quality(5y)380.82%
High Growth Momentum
Growth
EPS 1Y (TTM)-5.7%
EPS 3Y12.87%
EPS 5Y15.01%
EPS Q2Q%-27.81%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.65%
Revenue growth 3Y4.67%
Revenue growth 5Y10.14%
Sales Q2Q%-0.47%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y2.26%
EBIT growth 3Y9.15%
EBIT growth 5Y14.33%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y12.37%
FCF growth 3Y18.53%
FCF growth 5Y13.13%
OCF growth 1Y9.99%
OCF growth 3Y15.89%
OCF growth 5Y10.6%

FORMULA SYSTEMS 1985-SP ADR / FORTY Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FORMULA SYSTEMS 1985-SP ADR?

ChartMill assigns a fundamental rating of 4 / 10 to FORTY.


Can you provide the valuation status for FORMULA SYSTEMS 1985-SP ADR?

ChartMill assigns a valuation rating of 2 / 10 to FORMULA SYSTEMS 1985-SP ADR (FORTY). This can be considered as Overvalued.


What is the profitability of FORTY stock?

FORMULA SYSTEMS 1985-SP ADR (FORTY) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for FORTY stock?

The Price/Earnings (PE) ratio for FORMULA SYSTEMS 1985-SP ADR (FORTY) is 23.56 and the Price/Book (PB) ratio is 2.17.