Formula Systems (1985) Ltd. Sponsored ADR Stock

$78.00

1.36% yesterday

Nasdaq, Oct 17, 10:00 pm CET

ISIN

US3464141056

Symbol

FORTY

Reports

Quarter | Annual

Index

NASDAQ Composite

Sector

Technology

Industry

IT Services

Overview Dividends Analysts Charts News Strategies

Formula Systems (1985) Ltd. Sponsored ADR Stock price

$78.00

+10.50 15.56% 5Y

Nasdaq, Closing price Thu, Oct 17 2024

+1.05 1.36%

ISIN

US3464141056

Symbol

FORTY

Reports

Quarter | Annual

Index

NASDAQ Composite

Sector

Technology

Industry

IT Services

Key metrics

Market capitalization	$1.20b
Enterprise Value	$2.00b
P/E (TTM) P/E ratio	17.73
EV/Sales (TTM) EV/Sales	0.75
P/S ratio (TTM) P/S ratio	0.45
P/B ratio (TTM) P/B ratio	1.86
Dividend yield	1.60%
Last dividend (FY24)	$1.23
Revenue growth (TTM) Revenue growth	2.51%
Revenue (TTM) Revenue	$2.66b
EBIT (operating result TTM) EBIT	$246.21m
Cash position	$472.88m
EPS (TTM) EPS	$4.40
Short interest	0.02%

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Formula Systems (1985) Ltd. Sponsored ADR Stock Analysis

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Financial data from Formula Systems (1985) Ltd. Sponsored ADR

Income Statement P&L | Balance Sheet | Cash Flow

Quarter TTM Annually

Jun '24		+/- %
Revenue	2,661 2,661	3% 3% 100%
- Direct Costs	2,010 2,010	3% 3% 76%
Gross Profit	652 652	2% 2% 24%
- Selling and Administrative Expenses	325 325	1% 1% 12%
- Research and Development Expense	80 80	6% 6% 3%
EBITDA	- -	- -
- Depreciation and Amortization	- -	- -
EBIT (Operating Income) EBIT	246 246	3% 3% 9%
Net Profit	67 67	4% 4% 3%

In millions USD.

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Formula Systems (1985) Ltd. Sponsored ADR Stock News

Neutral

GlobeNewsWire

●

about 2 months ago

Formula Systems Reports Second Quarter and First Half 2024 Financial Results

Operating Income for the Second Quarter Increased by 8.4% Year Over Year to a Second Quarter Record Breaking $65 million. Net Income Attributable to Formula Systems Shareholders for the Second Quarter Increased by 10.7% Year Over Year to a Second Quarter Record-Braking $18.8 million. Operating Income for the Second Quarter Increased by 8.4% Year Over Year to a Second Quarter Record Breaking $65...

Neutral

GlobeNewsWire

●

2 months ago

Publication of Draft Agreement with Trustee for Potential New Israeli Debenture Series

OR YEHUDA, Israel, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (“Formula”) published with the Tel Aviv Stock Exchange (the “TASE”) and the Israel Securities Authority (the “ISA”) a draft agreement with a trustee for a new series of secured, non-convertible debentures—Series D Debentures— that may potentially be issued by Formula in Israel. The Series D Debentures would be secu...

Neutral

GlobeNewsWire

●

5 months ago

Formula Systems Reports First Quarter 2024 Financial Results

Revenues for the First Quarter Increased by 4.2% Year Over Year to $698.4 Million. Net Income for the First Quarter Increased by 9.4% Year Over year to $17.2 Million. Revenues for the First Quarter Increased by 4.2% Year Over Year to $698.4 Million. Net Income for the First Quarter Increased by 9.4% Year Over year to $17.2 Million.

More Formula Systems (1985) Ltd. Sponsored ADR News

Company Profile

Formula Systems (1985) Ltd. engages in providing software solutions and IT professional services, software product marketing and support, computer infrastructure and integration solutions and learning and integration. The company was founded on April 2, 1985 and is headquartered in Or Yehuda, Israel.

Head office	Israel
CEO	Guy Bernstein
Founded	1985
Website	www.formulasystems.com

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