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Company Analysis

Formula Systems (1985) Ltd. FORTY

A comprehensive view of key metrics, scores, and financial health for Formula Systems (1985) Ltd.

Overview of Formula Systems (1985) Ltd.

FORTY NMS
Technology Information Technology Services Small Cap
Formula Systems (1985) Ltd. (FORTY), is a Small Cap company, in the Information Technology Services industry, last closed at $126.00, about 125.2% undervalued vs fair value, +26.8% 1Y return, ranked 220/762 in sector.
$126.00
0.00%
As of March 13, 2026
Previous close • Vol 90d: 60.1%
52-Week Range
Market Cap
$1.97B
Enterprise Value
$2.17B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.formulasystems.com
HQ Or Yehuda
Employees 22,720
Fiscal year Dec 31

Next Events

Earnings Mar 19 Estimated

Fair Value Snapshot

Bear Base Bull
$250
$284
$320
Current: $126.00 +125% vs base

Engine Room Money Flow™

Small Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$2.8B
5.2%%
Gross Profit
$684.7M
6.4%%
Operating Income
$265.2M
10.8%%
Net Income
$79.7M
24.5%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
370.9%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$105.9M
35.8% of FCF

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
0
Active Leaks
0/0
Improving
0
High Impact
0
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Formula Systems (1985) Ltd.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
69
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Moderate
72
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing FORTY's balance between Growth (29.7%), Profitability (36.6%), and Safety (33.8%). Growth 30% Safety 34% Profitability 37%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

53th percentile vs peers
54
Key Signals
Rev Growth YoY 5.2% 53p Revenue CAGR 3Y 4.7% 49p EPS Growth YoY 23.4% 57p EPS CAGR 3Y 12.9% 54p
Strengths
  • Superior capital returns - 2 return metrics above peer median
  • Roic in top 20% of peers (17.6%, 86th percentile)
  • Cash Flow To Debt Ratio in top 20% of peers (1.60, 80th percentile)
Risks

No significant risks identified for this axis.

Profitability

65th percentile vs peers
66
Key Signals
Strengths
Risks
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Safety

60th percentile vs peers
61
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Formula Systems (1985) Ltd..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$283.75
- - -
+125.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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