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Formula Systems (1985) Ltd FORTY

Morningstar Rating
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

FORTY is trading within a range we consider fairly valued.
Price
ILS 306.86
Fair Value
ILS 991.27
Uncertainty
High
1-Star Price
ILS 937.84
5-Star Price
ILS 895.14
Economic Moat
Mtg
Capital Allocation
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News

Trading Information

Previous Close Price
Day Range
52-Week Range
Bid/Ask
/
Market Cap
Volume/Avg
/

Key Statistics

Price/Earnings (Normalized)
20.02
Price/Sales
0.49
Dividend Yield (Trailing)
1.50%
Dividend Yield (Forward)
1.50%
Total Yield
1.49%

Company Profile

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources; Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.
Sector
Technology
Industry
Information Technology Services
Stock Style Box
Small Core
Total Number of Employees
21,900

Comparables

Valuation

Metric
FORTY
MTRX
MLTM
Price/Earnings (Normalized)
20.0220.5123.44
Price/Book Value
1.984.781.83
Price/Sales
0.490.940.46
Price/Cash Flow
4.3510.897.69
Price/Earnings
FORTY
MTRX
MLTM

Financial Strength

Metric
FORTY
MTRX
MLTM
Quick Ratio
1.311.071.12
Current Ratio
1.401.121.31
Interest Coverage
7.655.982.55
Quick Ratio
FORTY
MTRX
MLTM

Profitability

Metric
FORTY
MTRX
MLTM
Return on Assets (Normalized)
6.64%6.63%2.72%
Return on Equity (Normalized)
31.51%26.61%10.17%
Return on Invested Capital (Normalized)
10.02%12.91%6.35%
Return on Assets
FORTY
MTRX
MLTM
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Economic Moat
Market Cap
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INFY
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FIS
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CTSH
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WIT
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GIB
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BR
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JKHY
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