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Formula Systems (1985) Ltd. (FORTY)

Stock Price: $81.06 USD -4.14 (-4.86%)
Updated Oct 26, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 1.24B
Revenue (ttm) 1.70B
Net Income (ttm) 38.82M
Shares Out 15.29M
EPS (ttm) 2.71
PE Ratio 29.91
Forward PE n/a
Dividend $1.03
Dividend Yield 1.27%

Stock Quote

Trading Day Oct 26, 2020
Last Price $81.06
Previous Close $85.20
Change ($) -4.14
Change (%) -4.86%
Day's Open 81.92
Day's Range 81.06 - 84.29
Day's Volume 41
52-Week Range 36.75 - 99.06

More Stats

Market Cap 1.24B
Enterprise Value 1.44B
Earnings Date (est) n/a
Ex-Dividend Date Sep 2, 2020
Shares Outstanding 15.29M
Float n/a
EPS (basic) 2.56
EPS (diluted) 2.71
FCF / Share 11.22
Dividend $1.03
Dividend Yield 1.27%
Earnings Yield 3.34%
FCF Yield 13.35%
Payout Ratio 38.20%
Shares Short 260
Short Ratio 0.77
Short % of Float n/a
Beta 0.39
PE Ratio 29.91
Forward PE n/a
P/FCF Ratio 7.49
PS Ratio 0.73
PB Ratio 3.01
Revenue 1.70B
Operating Income 138.49M
Net Income 38.82M
Free Cash Flow 165.55M
Net Cash -198.34M
Net Cash / Share -12.97
Gross Margin 21.44%
Operating Margin 8.14%
Profit Margin 2.30%
FCF Margin 9.73%
ROA 4.63%
ROE 11.50%
ROIC 14.50%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (0)

Buy 0
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: n/a

Price Target

Current: $81.06
Target: 28.00
*Average 12-month price target from 1 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Revenue Growth13.94%10.17%22.24%13.92%52.92%-20.04%7.12%15.98%16.54%-
Gross Profit386333297259232106193178148137
Operating Income13811072.8188.5075.8735.0460.7455.2549.4546.99
Net Income38.8232.3710.3522.4519.8380.8380.6923.3742.9618.38
Shares Outstanding14.7514.7414.7314.7314.7214.7213.6013.6013.5113.38
Earnings Per Share2.442.140.681.491.335.595.681.673.111.36
EPS Growth14.02%214.71%-54.36%12.03%-76.21%-1.58%240.12%-46.3%128.68%-
Dividend Per Share0.980.680.341.160.540.79--0.711.16
Dividend Growth43.97%100%-70.69%116.82%-32.28%----38.58%-
Operating Cash Flow19682.6081.1074.9687.1216.6768.5573.0725.8350.95
Capital Expenditures-30.53-20.01-18.91-16.56-16.65-4.74-16.67-13.43-18.61-14.09
Free Cash Flow16662.5862.1858.4070.4711.9351.8959.647.2336.86
Cash & Equivalents405295261276283214101126108149
Total Debt60338134525922015598.0810497.8257.62
Net Cash / Debt-198-86.15-84.1816.6963.3859.362.6722.109.8791.08
Book Value422368359336330325319245219198
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Formula Systems (1985) Ltd.
Country Israel
Employees 17,378
CEO Guy Shimon Bernstein

Stock Information

Ticker Symbol FORTY
Stock Exchange NASDAQ
Sector Technology
Industry Information Technology Services
Unique Identifier NASDAQ: FORTY
IPO Date October 21, 1997


Formula Systems (1985), through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services in Israel and internationally. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies. It also markets and sells computers and peripheral equipment to business customers. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Sapiens Stingray; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, it provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions and digital insurance suites. Additionally, the company offers application development and business process integration platforms; vertical software solutions; software services and information technologies outsourcing software services; and professionals in various areas, as well as develops on-premise payroll software solutions. The company was founded in 1985 and is headquartered in Or Yehuda, Israel.