Stock FORTY FORMULA SYSTEMS (1985) LTD.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Formula Systems (1985) Ltd.

Equities

FORTY

IL0002560162

IT Services & Consulting

Market Closed - TEL AVIV STOCK EXCHANGE
Other stock markets
 07:24:08 2024-04-25 am EDT 		5-day change 1st Jan Change
27,550 ILa -2.03% Intraday chart for Formula Systems (1985) Ltd. -2.44% +14.55%
Mar. 19 Earnings Flash (FORTY) FORMULA SYSTEMS (1985) Reports Q4 Revenue $640.3M MT
Mar. 19 Formula Systems Ltd. Approves Dividend for the Second Half of 2023, Payable on April 18, 2024 CI

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 622 547.2 1,042 1,321 1,871 1,112
Enterprise Value (EV) 1 706.2 633.3 1,240 1,456 2,071 1,315
P/E ratio 61.6 x 17.3 x 27.9 x 28.7 x 34.9 x 13.9 x
Yield 1.61% 0.92% 1.44% 1.37% 1.28% 0.85%
Capitalization / Revenue 0.46 x 0.37 x 0.61 x 0.68 x 0.78 x 0.43 x
EV / Revenue 0.52 x 0.42 x 0.73 x 0.75 x 0.86 x 0.51 x
EV / EBITDA 5.61 x 4 x 6.46 x 6.28 x 7.1 x 4.72 x
EV / FCF 8.36 x 7.68 x 9.08 x 6.97 x 12.8 x 5.07 x
FCF Yield 12% 13% 11% 14.4% 7.79% 19.7%
Price to Book 1.73 x 1.49 x 2.47 x 2.62 x 3.46 x 2.01 x
Nbr of stocks (in thousands) 14,739 14,740 15,294 15,294 15,294 15,318
Reference price 2 42.20 37.12 68.12 86.35 122.3 72.60
Announcement Date 5/15/18 5/15/19 6/29/20 5/17/21 5/16/22 5/15/23
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,355 1,493 1,701 1,934 2,404 2,572
EBITDA 1 125.9 158.4 191.9 231.7 291.9 278.8
EBIT 1 82.3 109.6 138.5 170.6 212.7 232.4
Operating Margin 6.07% 7.34% 8.14% 8.82% 8.85% 9.03%
Earnings before Tax (EBT) 1 52.81 101.7 121.6 145.3 184.5 254.9
Net income 1 10.35 32.36 38.82 46.78 54.58 81.39
Net margin 0.76% 2.17% 2.28% 2.42% 2.27% 3.16%
EPS 2 0.6846 2.143 2.442 3.006 3.504 5.212
Free Cash Flow 1 84.42 82.51 136.6 209 161.4 259.4
FCF margin 6.23% 5.53% 8.03% 10.81% 6.71% 10.08%
FCF Conversion (EBITDA) 67.03% 52.1% 71.21% 90.19% 55.31% 93.05%
FCF Conversion (Net income) 815.48% 254.92% 351.98% 446.83% 295.74% 318.71%
Dividend per Share 2 0.6800 0.3400 0.9800 1.180 1.560 0.6200
Announcement Date 5/15/18 5/15/19 6/29/20 5/17/21 5/16/22 5/15/23
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 84.2 86.1 198 135 200 203
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.6685 x 0.544 x 1.034 x 0.5841 x 0.6868 x 0.7285 x
Free Cash Flow 1 84.4 82.5 137 209 161 259
ROE (net income / shareholders' equity) 5.06% 9.81% 11.1% 11.4% 12.4% 16.9%
ROA (Net income/ Total Assets) 3.53% 4.25% 4.61% 4.63% 5.05% 5.24%
Assets 1 293.6 762.4 841.8 1,011 1,082 1,553
Book Value Per Share 2 24.40 24.90 27.60 32.90 35.40 36.00
Cash Flow per Share 2 16.70 18.20 24.10 32.80 31.70 35.50
Capex 1 9.57 11.6 22.4 16.7 17.4 22.1
Capex / Sales 0.71% 0.78% 1.32% 0.86% 0.72% 0.86%
Announcement Date 5/15/18 5/15/19 6/29/20 5/17/21 5/16/22 5/15/23
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Other IT Services & Consulting

1st Jan change Capi.
FORMULA SYSTEMS (1985) LTD. Stock Formula Systems (1985) Ltd.
+14.55% 1.11B
ACCENTURE PLC Stock Accenture plc
-12.23% 194B
TATA CONSULTANCY SERVICES LTD. Stock Tata Consultancy Services Ltd.
+0.74% 166B
IBM Stock IBM
+2.19% 153B
AUTOMATIC DATA PROCESSING, INC. Stock Automatic Data Processing, Inc.
+4.34% 99.85B
RELX PLC Stock RELX PLC
+7.04% 77.56B
CROWDSTRIKE HOLDINGS, INC. Stock CrowdStrike Holdings, Inc.
+19.09% 73.55B
INFOSYS LIMITED Stock Infosys Limited
-7.30% 71B
SNOWFLAKE INC. Stock Snowflake Inc.
-20.54% 52.81B
HCL TECHNOLOGIES LIMITED Stock HCL Technologies Limited
+0.53% 47.86B
Other IT Services & Consulting
  1. Stock Market
  2. Equities
  3. FORTY Stock
  4. Financials Formula Systems (1985) Ltd.