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Formula Systems 1985 Ltd ADR (NASDAQ:FORTY)
86.96 USD
+0.970 1.128%Sponsored Reports
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| Previous Close (in USD) | 85.99 |
|---|---|
| Change | +0.970 1.128% |
| 52 W H/L (in USD) | 86.060/55.529 |
| EBITDA (in USD) | 289.738M |
| PE Ratio | 18.67 |
| Volume | 1294 |
| Diluted Eps TTM | 4.21 |
| Total Assets (in USD) | 2815.247M |
|---|---|
| Total Liabilities (in USD) | 1506.924M |
| Revenue TTM (in USD) | 2656.418M |
| Cash (in USD) | 452.357M |
| Market Cap (in USD) | 1,250.420 M |
| Revenue Per Share TTM | 173.603 |
| Gross Profit TTM (in USD) | 622.465M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Dividend Paid
Formula Systems 1985 Ltd ADR
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data. It also provides 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 application and professional training courses, and advanced professional studies. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, and IDIT Go; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO. Further, it provides Sapiens workers' compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
Employees: 21900
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Guy Bernstein | Chief Exec. Officer | 1968 |
| 2. | Mr. Asaf Berenstin | Chief Financial Officer | 1978 |
| 3. | Ms. Maya Solomon-Ella | Chief Operational Officer | 1978 |
| 4. | Mr. Guy Bernstein | Chief Executive Officer | 1968 |
Peers
Sector: Technology
Industry: Information Technology Services
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
ACN
Accenture plc |
-0.680 0.238% | 282.58 | 31.750 | 28.090 | 3.494 | 7.941 | 3.448 | 19.998 |
|
IBM
International Business Machines |
+6.690 2.914% | 229.72 | 32.790 | 20.833 | 3.321 | 8.502 | 4.063 | 20.102 |
|
FI
Fiserv, Inc. |
+4.015 1.965% | 203.26 | 28.200 | 15.576 | 4.245 | 2.699 | 5.452 | 13.132 |
|
INFY
Infosys Ltd ADR |
-0.105 0.618% | 16.76 | 25.550 | 22.779 | 4.196 | 8.005 | 4.103 | 15.865 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 256.71M | 184.01M | 143.756M | 119.837M | 101.361M |
| Minority Interest | -118.274M | -87.317M | 605.342M | 474.694M | 437.767M |
| Net Income | 201.475M | 141.396M | 112.488M | 92.636M | 32.205M |
| Selling General Administrative | 317.956M | 289.986M | 224.188M | 200.87M | 182.472M |
| Gross Profit | 622.465M | 563.859M | 447.433M | 386.049M | 333.312M |
| Reconciled Depreciation | 115.308M | 122.184M | 95.507M | 86.932M | 48.734M |
| Ebit | 276.64M | 85.831M | 75.134M | 51.557M | 60.883M |
| Ebitda | 232.38M | 208.015M | 170.641M | 138.489M | 109.617M |
| Depreciation And Amortization | -44.26M | 122.184M | 95.507M | 86.932M | 48.734M |
| Operating Income | 276.64M | 85.831M | 75.134M | 51.557M | 109.617M |
| Other Operating Expenses | 2339.977M | 2197.495M | 1763.277M | 1562.626M | 1383.371M |
| Interest Expense | 19.93M | 24.005M | 26.885M | 18.652M | 8.256M |
| Tax Provision | 55.235M | 42.614M | 31.268M | 27.201M | 24.301M |
| Interest Income | 5.821M | 5.989M | 2.559M | 3.044M | 6.73M |
| Net Interest Income | -19.93M | -24.005M | -26.885M | -18.652M | -8.29M |
| Income Tax Expense | 55.235M | 42.614M | 31.268M | 27.201M | 24.335M |
| Total Revenue | 2572.357M | 2405.51M | 1933.918M | 1701.115M | 1492.988M |
| Total Operating Expenses | 390.085M | 355.844M | 276.792M | 247.56M | 223.695M |
| Cost Of Revenue | 1949.892M | 1841.651M | 1486.485M | 1315.066M | 1159.676M |
| Total Other Income Expense Net | -19.93M | 98.179M | 68.622M | 68.28M | -8.29M |
| Net Income From Continuing Ops | 199.667M | 141.901M | 114.023M | 94.423M | 77.395M |
| Net Income Applicable To Common Shares | 81.393M | 54.584M | 46.776M | 38.82M | 32.365M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 2815.247M | 2794.707M | 2747.677M | 2520.012M | 2088.43M |
| Intangible Assets | 206.928M | 222.726M | 241.936M | 222.263M | 165.28M |
| Other Current Assets | 84.67M | - | - | 47.155M | 37.394M |
| Total Liab | 1506.924M | 1617.675M | 1567.89M | 1412.518M | 1192.096M |
| Total Stockholder Equity | 625.9M | 551.865M | 540.96M | 502.728M | 421.64M |
| Other Current Liab | 326.448M | 376.231M | 334.253M | 303.681M | 260.286M |
| Common Stock | 4.351M | 4.347M | 4.34M | 4.34M | 4.34M |
| Capital Stock | 4.351M | 4.347M | 4.34M | 4.34M | 4.34M |
| Retained Earnings | 475.219M | 419.448M | 358.315M | 324.358M | 285.146M |
| Good Will | 936.581M | 926.161M | 932.854M | 872.424M | 724.193M |
| Other Assets | 0M | 42.22M | 70.04M | 62.622M | 61.07M |
| Cash | 452.357M | 544.342M | 485.391M | 501.626M | 369.042M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 987.826M | 1002.854M | 944.693M | 779.801M | 671.295M |
| Current Deferred Revenue | 137.643M | 132.729M | 140.66M | 128.898M | 93.512M |
| Net Debt | 217.633M | 228.329M | 227.518M | 166.911M | 234.447M |
| Short Term Debt | 265.086M | 271.665M | 263.792M | 193.963M | 192.334M |
| Short Long Term Debt | 218.858M | 226.201M | 222.137M | 161.898M | 156.659M |
| Short Long Term Debt Total | 669.99M | 772.671M | 712.909M | 668.537M | 603.489M |
| Other Stockholder Equity | 157.361M | 145.1M | 152.789M | 148.517M | 120.478M |
| Property Plant Equipment | - | 172.312M | 172.719M | 173.59M | 147.189M |
| Total Current Assets | 1376.267M | 1372.989M | 1301.228M | 1160.895M | 965.781M |
| Long Term Investments | 45.227M | 20.641M | 28.9M | 28.478M | 48.226M |
| Short Term Investments | 76.224M | 24.714M | 27.066M | 31.527M | 36.486M |
| Net Receivables | 721.008M | 768.752M | 768.652M | 603.754M | 553.097M |
| Long Term Debt | 322.428M | 421.506M | 364.278M | 383.386M | 337.473M |
| Inventory | 42.008M | 35.181M | 20.119M | 23.988M | 7.156M |
| Accounts Payable | 258.649M | 222.229M | 205.988M | 153.259M | 125.163M |
| Accumulated Other Comprehensive Income | -11.031M | -17.03M | 25.516M | 25.513M | 11.676M |
| Non Currrent Assets Other | 52.534M | 39.754M | 23.676M | 22.703M | 21.493M |
| Non Current Assets Total | 1438.98M | 1421.718M | 1446.449M | 1359.117M | 1122.649M |
| Capital Lease Obligations | 128.703M | 124.964M | 126.494M | 123.253M | 109.359M |
| Long Term Debt Total | - | - | - | - | 411.159M |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -74.295M | 4.224M | -14.676M | -108.215M | -90.452M |
| Total Cashflows From Investing Activities | - | -110.192M | -177.032M | -108.215M | -90.452M |
| Total Cash From Financing Activities | -70.981M | -114.13M | 9.733M | 6.013M | 40.967M |
| Net Income | 199.667M | 141.902M | 114.022M | 94.423M | 77.395M |
| Change In Cash | 58.952M | -16.258M | 132.984M | 100.174M | 22.545M |
| Begin Period Cash Flow | 485.392M | 501.65M | 368.666M | 268.492M | 245.947M |
| End Period Cash Flow | 544.344M | 485.392M | 501.65M | 368.666M | 268.492M |
| Total Cash From Operating Activities | 239.138M | 208.48M | 286.943M | 196.081M | 82.595M |
| Depreciation | 115.308M | 122.184M | 95.507M | 86.932M | 48.734M |
| Other Cashflows From Investing Activities | - | -0.161M | 16.234M | -23.886M | 0.362M |
| Dividends Paid | -21.778M | -22.081M | -14.939M | -12.966M | 5.012M |
| Change To Inventory | -13.756M | 4.642M | -10.966M | -0.938M | -1.024M |
| Sale Purchase Of Stock | - | - | 156.676M | -5.579M | 130.04M |
| Other Cashflows From Financing Activities | 148.813M | 84.084M | -67.879M | 160.455M | -36.237M |
| Capital Expenditures | 39.315M | 31.056M | 28.808M | 36.586M | 20.631M |
| Change In Working Capital | -21.323M | -69.056M | 71.176M | 21.604M | -37.117M |
| Other Non Cash Items | -51.325M | 6.68M | 4.807M | 2.405M | -4.655M |
| Free Cash Flow | 199.823M | 177.424M | 258.135M | 159.495M | 61.964M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | DFA Intl Sustainability Core 1 | 1 year ago | 1529 |
| 2. | DFA International Small Company I | 1 year ago | 550 |
| 3. | Dimensional Global Core Equity USD Acc | 1 year ago | 430 |
| 4. | DFA International Small Cap Growth | 1 year ago | 300 |
| 5. | Dimensional International Core Eq 2 ETF | 11 months ago | 278 |
| 6. | DFA World ex US Targeted Val Instl | 1 year ago | 256 |
| 7. | Comerica Foreign Equity CIT - Inst Class | 1 year ago | 216 |
| 8. | Fidelity Nasdaq Composite Index | 1 year ago | 193 |
| 9. | Dimensional Global Sust Cor Eq USD Acc | 1 year ago | 186 |
| 10. | Dimensional World Allc 60/40 GBP Acc | 1 year ago | 185 |
| 11. | M International Equity | 1 year ago | 122 |
| 12. | DFA Continental Small Company I | 1 year ago | 89 |
| 13. | Dimensional International Sstby Cr 1 ETF | 11 months ago | 20 |
| 14. | DFA Global Small Company Institutional | 1 year ago | 1 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Clal Insurance Enterprises Holdings Ltd | 1 year ago | 808061 |
| 2. | Altshuler Shaham Ltd | 1 year ago | 14251 |
| 3. | TFG Advisers LLC | 1 year ago | 7601 |
| 4. | GHP Investment Advisors, Inc. | 1 year ago | 6961 |
| 5. | Dimensional Fund Advisors, Inc. | 1 year ago | 4126 |
| 6. | Morgan Stanley - Brokerage Accounts | 1 year ago | 2907 |
| 7. | Bank of America Corp | 1 year ago | 1000 |
| 8. | BlackRock Inc | 1 year ago | 752 |
| 9. | Private Trust Co Na | 1 year ago | 100 |
| 10. | FMR Inc | 1 year ago | 4 |
| 11. | UBS Group AG | 1 year ago | 2 |
| 12. | Wells Fargo & Co | 1 year ago | 0 |
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