168.9 USD
+8.9 (+5.56%)
Taking everything into account, FORTY scores 5 out of 10 in our fundamental rating. FORTY was compared to 85 industry peers in the IT Services industry. FORTY has an average financial health and profitability rating. FORTY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FORTY had positive earnings in the past year.
In the past year FORTY had a positive cash flow from operations.
Each year in the past 5 years FORTY has been profitable.
In the past 5 years FORTY always reported a positive cash flow from operatings.
1.2 Ratios
FORTY has a Return On Assets of 2.64%. This is comparable to the rest of the industry: FORTY outperforms 54.12% of its industry peers.
FORTY's Return On Equity of 11.73% is fine compared to the rest of the industry. FORTY outperforms 69.41% of its industry peers.
The Return On Invested Capital of FORTY (11.20%) is better than 78.82% of its industry peers.
FORTY had an Average Return On Invested Capital over the past 3 years of 10.21%. This is significantly below the industry average of 29.59%.
The last Return On Invested Capital (11.20%) for FORTY is above the 3 year average (10.21%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.64% | ||
| ROE | 11.73% | ||
| ROIC | 11.2% |
ROA(3y)2.61%
ROA(5y)2.34%
ROE(3y)12.24%
ROE(5y)11.22%
ROIC(3y)10.21%
ROIC(5y)9.34%
1.3 Margins
FORTY has a Profit Margin (2.89%) which is in line with its industry peers.
In the last couple of years the Profit Margin of FORTY has grown nicely.
Looking at the Operating Margin, with a value of 9.81%, FORTY is in the better half of the industry, outperforming 69.41% of the companies in the same industry.
In the last couple of years the Operating Margin of FORTY has grown nicely.
Looking at the Gross Margin, with a value of 24.83%, FORTY is doing worse than 69.41% of the companies in the same industry.
In the last couple of years the Gross Margin of FORTY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.81% | ||
| PM (TTM) | 2.89% | ||
| GM | 24.83% |
OM growth 3Y4.28%
OM growth 5Y3.8%
PM growth 3Y8.37%
PM growth 5Y4.83%
GM growth 3Y1.92%
GM growth 5Y1.82%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FORTY is creating some value.
FORTY has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FORTY has more shares outstanding
Compared to 1 year ago, FORTY has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of FORTY is 2.18, which is a good value as it means it would take FORTY, 2.18 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.18, FORTY is in the better half of the industry, outperforming 69.41% of the companies in the same industry.
A Debt/Equity ratio of 0.55 indicates that FORTY is somewhat dependend on debt financing.
The Debt to Equity ratio of FORTY (0.55) is comparable to the rest of the industry.
Although FORTY does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 2.18 | ||
| Altman-Z | N/A |
ROIC/WACC1.5
WACC7.49%
2.3 Liquidity
A Current Ratio of 1.31 indicates that FORTY should not have too much problems paying its short term obligations.
FORTY's Current ratio of 1.31 is on the low side compared to the rest of the industry. FORTY is outperformed by 67.06% of its industry peers.
FORTY has a Quick Ratio of 1.28. This is a normal value and indicates that FORTY is financially healthy and should not expect problems in meeting its short term obligations.
FORTY has a worse Quick ratio (1.28) than 67.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 24.29% over the past year.
FORTY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.01% yearly.
Looking at the last year, FORTY shows a small growth in Revenue. The Revenue has grown by 6.22% in the last 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)24.29%
EPS 3Y12.87%
EPS 5Y15.01%
EPS Q2Q%11.82%
Revenue 1Y (TTM)6.22%
Revenue growth 3Y4.67%
Revenue growth 5Y10.14%
Sales Q2Q%8.06%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 31.57 indicates a quite expensive valuation of FORTY.
FORTY's Price/Earnings is on the same level as the industry average.
FORTY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.57 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FORTY is valued cheaply inside the industry as 87.06% of the companies are valued more expensively.
91.76% of the companies in the same industry are more expensive than FORTY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.76 | ||
| EV/EBITDA | 6.78 |
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)2.1
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
FORTY has a Yearly Dividend Yield of 1.46%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.95, FORTY pays a better dividend. On top of this FORTY pays more dividend than 85.88% of the companies listed in the same industry.
FORTY's Dividend Yield is slightly below the S&P500 average, which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.46% |
5.2 History
The dividend of FORTY is nicely growing with an annual growth rate of 7.28%!
FORTY has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of FORTY decreased recently.
Dividend Growth(5Y)7.28%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FORTY pays out 23.61% of its income as dividend. This is a sustainable payout ratio.
FORTY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP23.61%
EPS Next 2YN/A
EPS Next 3YN/A
NASDAQ:FORTY (12/3/2025, 8:27:54 PM)
168.9
+8.9 (+5.56%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)
Earnings (Next)
Inst Owners31.25%
Inst Owner Change-0.24%
Ins Owners12.1%
Ins Owner ChangeN/A
Market Cap2.59B
Revenue(TTM)2.81B
Net Income(TTM)79.67M
Analysts0
Price TargetN/A
Short Float %0%
Short Ratio0.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.46% |
Yearly Dividend1.23
Dividend Growth(5Y)7.28%
DP23.61%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.57 | ||
| Fwd PE | N/A | ||
| P/S | 0.94 | ||
| P/FCF | 8.76 | ||
| P/OCF | 7.98 | ||
| P/B | 3.81 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.78 |
EPS(TTM)5.35
EY3.17%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)19.27
FCFY11.41%
OCF(TTM)21.16
OCFY12.53%
SpS179.85
BVpS44.31
TBVpS-33.45
PEG (NY)N/A
PEG (5Y)2.1
Graham Number73.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.64% | ||
| ROE | 11.73% | ||
| ROCE | 14.42% | ||
| ROIC | 11.2% | ||
| ROICexc | 16% | ||
| ROICexgc | 173.57% | ||
| OM | 9.81% | ||
| PM (TTM) | 2.89% | ||
| GM | 24.83% | ||
| FCFM | 10.72% |
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-Score7
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 2.18 | ||
| Debt/EBITDA | 0.96 | ||
| Cap/Depr | 25.07% | ||
| Cap/Sales | 1.05% | ||
| Interest Coverage | 10.47 | ||
| Cash Conversion | 84.05% | ||
| Profit Quality | 370.9% | ||
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.28 | ||
| Altman-Z | N/A |
F-Score7
WACC7.49%
ROIC/WACC1.5
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)24.29%
EPS 3Y12.87%
EPS 5Y15.01%
EPS Q2Q%11.82%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.22%
Revenue growth 3Y4.67%
Revenue growth 5Y10.14%
Sales Q2Q%8.06%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y13.01%
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 FAQ
What is the fundamental rating for FORTY stock?
ChartMill assigns a fundamental rating of 5 / 10 to FORTY.
What is the valuation status of FORMULA SYSTEMS 1985-SP ADR (FORTY) stock?
ChartMill assigns a valuation rating of 4 / 10 to FORMULA SYSTEMS 1985-SP ADR (FORTY). This can be considered as Fairly Valued.
Can you provide the profitability details for FORMULA SYSTEMS 1985-SP ADR?
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 31.57 and the Price/Book (PB) ratio is 3.81.
What is the financial health of FORMULA SYSTEMS 1985-SP ADR (FORTY) stock?
The financial health rating of FORMULA SYSTEMS 1985-SP ADR (FORTY) is 4 / 10.