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FORMULA SYSTEMS (1985) LTD

FORTY

$113.99 0.00 (0.00%) at close

15 Visible periods

34 Metrics

Absolute Benchmarks

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Verdict pending

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Analytical Summary

On an absolute basis, FORMULA SYSTEMS (1985) LTD shows solid but mixed fundamentals. These readings use fixed quality thresholds rather than peer benchmarks, because too few comparable companies are available to rank against.

Market Cap —

Dividend Yield —

Revenue Growth None

Op. Margin None

ROIC None

FCF / Share None

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Jul 28, 2026.

15-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$750.55M

↑ +17.9% —

Net Income Profit after all expenses

$193.79M

↑ +16.9% —

Operating Margin Operating profit as % of sales

6.2%

↑ +12.8% —

FCF / Share Free cash flow per share

$4.49

↑ +258.8% —

Long-Term Debt Long-term obligations

$58.50M

— —

info Signals below are graded against fixed quality thresholds, not peers — peer ranking needs more comparable companies.

Dividend History

Dividend / share · sourced from SEC filings

$0.34 Latest / share

-36.4% YoY

+4.7% 3-yr CAGR

FY 2013

$0.31

FY 2014

$0.54

FY 2015

$0.34

FY 2016

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2010 20-F ↗	FY 2011 Dec 31, 2009 20-F ↗	FY 2010 Dec 31, 2008 20-F ↗
Revenue Growth YoY (%)	—	—	—	—	—	—	—	—	17.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+49%)	-20.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-268%)	24.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+103%)	16.5% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+38%)	17.1% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+43%)	—	—
EPS Growth YoY (%)	—	—	—	—	—	—	—	—	-9.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-1.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	86.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	131.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-4.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	16.9% Good ↑ Good Improving Year-over-year change in net income	-17.0% Weak ↓ Weak Declining Year-over-year change in net income	40.7% Excellent ↑ Excellent Improving Year-over-year change in net income	24.5% Good ↓ Good Declining Year-over-year change in net income	20.8% Good ↓ Good Declining Year-over-year change in net income	22.0% Good ↑ Good Improving Year-over-year change in net income	96.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-46.5% Weak ↓ Weak Declining Year-over-year change in net income	-8.8% Weak ↓ Weak Declining Year-over-year change in net income	-0.2% Weak ↓ Weak Declining Year-over-year change in net income	88.5% Excellent ↑ Excellent Improving Year-over-year change in net income	133.8% Excellent Excellent Year-over-year change in net income	-3.7% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	—	—	—	—	—	—	—	—	—	—	258.8% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	—	—	—	—	—	—	—	—	5.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	5.0% Fair Fair Compound annual revenue growth over 3 years	19.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	—	—	—	—	—	—	—	—	9.8% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	—	—	—	—	18.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	61.8% Excellent Excellent Compound annual EPS growth over 3 years	60.0% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2010 20-F ↗	FY 2011 Dec 31, 2009 20-F ↗	FY 2010 Dec 31, 2008 20-F ↗
Operating Margin (%) (%)	—	—	—	—	—	—	—	—	6.2% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	5.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	7.7% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	7.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	8.5% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	7.9% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	—
Effective Tax Rate (%) (%)	—	—	—	—	—	—	—	—	28.7% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.1% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-15.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-22.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	—	—	—	—	—	—	—	—	9.8% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	12.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	10.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	6.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	3.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-78%)	4.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	—
FCF Margin (%) (%)	—	—	—	—	—	—	—	—	6.5% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.7% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	2.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.3% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	11.3% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	—	—	—	—	—	—	—	—	0.66x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.16x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.76x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.39x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.48x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	2.77x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2010 20-F ↗	FY 2011 Dec 31, 2009 20-F ↗	FY 2010 Dec 31, 2008 20-F ↗
Return on Invested Capital (%)	—	—	—	—	—	—	—	—	6.5% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	16.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	16.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	23.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	—	—	—	7.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.8% Caution Caution Operating profit relative to total assets Optimal: > 10%	6.6% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—	4.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	3.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.6% Caution Caution Operating profit relative to total assets Optimal: > 10%	7.5% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	—	—	—	—	—	—	—	—	16.3% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-12%)	20.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+12%)	25.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+36%)	17.5% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-5%)	9.3% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2010 20-F ↗	FY 2011 Dec 31, 2009 20-F ↗	FY 2010 Dec 31, 2008 20-F ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	0.13x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.06x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-86%)	0.16x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-64%)	—	—
Interest Coverage (x)	—	—	—	—	—	—	—	—	5.65x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.20x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	9.87x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.61x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	10.75x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	160.27x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	—	—	—	—	—	—	—	—	$-74.11M	$-107.42M	$-82.12M	$-72.44M	$-78.65M	$-100.20M	$-110.60M
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	0.92x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.29x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.68x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2010 20-F ↗	FY 2011 Dec 31, 2009 20-F ↗	FY 2010 Dec 31, 2008 20-F ↗
Revenue per Share (USD)	—	—	—	—	—	—	—	—	—	—	$58.05	$47.41	—	—	—
Basic EPS, GAAP (USD)	—	—	—	—	—	—	—	—	$5.24	$5.80	$5.90	$3.17	$1.37	$1.44	—
Free Cash Flow per Share (USD)	—	—	—	—	—	—	—	—	—	—	$4.49	$1.25	—	—	—
Dividend per Share (USD)	—	—	—	—	—	—	—	—	$0.34	$0.54	$0.31	—	—	—	—
Book Value per Share (USD)	—	—	—	—	—	—	—	—	$30.66	$26.46	$21.89	$18.02	$14.53	—	—
Tangible Book Value per Share (USD)	—	—	—	—	—	—	—	—	$19.31	$11.09	$18.85	$11.85	$-0.15	—	—
Basic Weighted Avg Shares (shares)	—	—	—	—	—	—	—	—	14,071	13,929	13.72M	13.51M	13,382	13,200	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	6.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	9.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	5.3% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2010 20-F ↗	FY 2011 Dec 31, 2009 20-F ↗	FY 2010 Dec 31, 2008 20-F ↗
Working Capital (USD)	—	—	—	—	—	—	—	—	$145.67M	$131.90M	$127.94M	$144.99M	$153.82M	—	—
LT Debt (USD)	—	—	—	—	—	—	—	—	$58.50M	$0.00	$0.00	$15.73M	$31.85M	—	—
Total Equity (USD)	—	—	—	—	—	—	—	—	$451.56M	$389.71M	$322.19M	$245.07M	$197.62M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2010 20-F ↗	FY 2011 Dec 31, 2009 20-F ↗	FY 2010 Dec 31, 2008 20-F ↗
Sales/Revenue/Turnover (USD)	—	—	—	—	—	—	—	—	$750.55M	$636.42M	$796.67M	$640.62M	$549.69M	$469.39M	—
Depreciation Expense (USD)	—	—	—	—	—	—	—	—	$17.20M	$8.13M	$6.24M	$4.26M	—	—	—
Net Income, GAAP (USD)	$193.79M	$165.73M	$199.67M	$141.90M	$114.02M	$94.42M	$77.39M	$39.44M	$73.70M	$80.83M	$80.98M	$42.96M	$18.38M	$19.08M	—
Operating Cash Flow (USD)	—	—	—	—	—	—	—	—	$54.40M	$16.67M	$68.55M	$25.83M	$50.95M	$55.64M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 15 years · 15 quarters

FORMULA SYSTEMS (1985) LTD

Analytical Summary

15-Year Financial Trajectory

Dividend History

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