Formula Systems (1985) Ltd chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 169.74
Dividend & Yield1.44$ (1.78%)
Beta 0.55
Market capitalization 1.24B
Operating cash flow N/A
ESG Scores unknown

Company description

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development tools; and professional training courses and advanced professional studies. In addition, it markets and sells computers and peripheral equipment to business customers; offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, the company provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; 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. Formula Systems (1985) Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

Sector: Technology - Industry: Information Technology Services

Financial Ratios
Quick Ratio1.36
Working Capital0.15
Return On Equity0.1
Debt To Equity0.67
Fixed Asset Ratio0.65
Fixed Interest Cover8.67

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 22.96M -12.35M 15.24M 49.36M
Total Cashflows From Investing Activities -90.45M -108.22M -177.03M -110.19M
Net Borrowings 55.61M 63.16M -21.49M -26.87M
Total Cash From Financing Activities 40.97M 6.01M 9.73M -114.13M
Change To Operating Activities 7.01M 18.63M 43.59M 27.76M
Issuance Of Stock
Net Income 32.37M 38.82M 46.78M 54.59M
Change In Cash 22.55M 100.17M 132.98M -16.26M
Effect Of Exchange Rate -10.56M 6.29M 13.34M -416k
Total Cash From Operating Activities 82.59M 196.08M 286.94M 208.48M
Depreciation 48.73M 86.93M 95.51M 122.18M
Change To Account Receivables -66.07M 16.27M 23.31M -150.82M
Other Cashflows From Financing Activities -9.63M -44.18M 46.16M -65.18M
Change To Netincome 38.61M 48.73M 73.48M 100.77M
Capital Expenditures -11.62M -22.38M -16.65M -17.35M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 41.22M 46.69M 52.6M 65.86M
Income Before Tax 101.7M 121.62M 145.29M 184.52M
Net Income 32.37M 38.82M 46.78M 54.59M
Selling General Administrative 182.47M 200.87M 223.09M 285.29M
Gross Profit 333.31M 386.05M 447.43M 563.86M
Ebit 109.62M 138.49M 171.74M 212.72M
Operating Income 109.62M 138.49M 171.74M 212.72M
Interest Expense -12.37M -16.2M -18.78M -18.07M
Income Tax Expense 24.3M 27.2M 31.27M 42.61M
Total Revenue 1.49B 1.7B 1.93B 2.4B
Cost Of Revenue 1.16B 1.32B 1.49B 1.84B
Total Other Income ExpenseNet -7.92M -16.86M -26.45M -28.2M
Net Income From Continuing Ops 77.39M 94.42M 114.02M 141.9M
Net Income Applicable To Common Shares 32.37M 38.82M 46.78M 54.59M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 859.15M 1.19B 1.41B 1.57B
Total Stockholder Equity 367.63M 421.64M 503.2M 540.96M
Other Current Liabilities 111.05M 148.69M 173.4M 187.99M
Total Assets 1.66B 2.09B 2.52B 2.75B
Common Stock 4.19M 4.34M 4.34M 4.34M
Other Current Assets 354k
Retained Earnings 262.56M 285.15M 324.36M 358.31M
Treasury Stock 2.88M 11.42M 25.25M 25.26M
Cash 268.49M 368.67M 501.65M 485.39M
Total Current Liabilities 525.53M 671.39M 779.9M 947.6M
Other Stockholder Equity 3.13M 11.68M 25.51M 25.52M
Property, Plant, and Equipment 29.18M 147.19M 173.59M 172.72M
Total Current Assets 781.1M 965.5M 1.16B 1.3B
Net Tangible Assets -423.59M -467.83M -591.49M -633.83M
Net Receivables 456.42M 514.32M 556.55M 719.57M
Accounts Payable 118.79M 125.16M 153.32M 205.84M


Insider Transactions

Here are the insider transactions of stock shares related to Formula Systems (1985) Ltd:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Formula Systems (1985) Ltd. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Formula Systems (1985) Ltd

Here is the result of two systematic investment strategies applied to Formula Systems (1985) Ltd. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Formula Systems (1985) Ltd

The following chart shows the equity curve of the two systematic investment strategies applied to Formula Systems (1985) Ltd:

Formula Systems (1985) Ltd automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 118.14% on the backtest period.

Performance at glance

Performance

118.14 %

Latent gain

2418.64 $

Invested capital

2047.26 $

Annualized return

28.54 %
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Momentum strategy results on Formula Systems (1985) Ltd

This is the result of two momentum investment strategies applied to Formula Systems (1985) Ltd. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Formula Systems (1985) Ltd

The following chart shows all the entries opened by the momentum investment system on Formula Systems (1985) Ltd:

Formula Systems (1985) Ltd momentum entries
  • The first momentum investment strategy would give 114.43% of return on Formula Systems (1985) Ltd. That represents 6956.37$ of latent gain with 6079.23$ of employed capital.
  • The second momentum investment strategy would give 128.49% of return on Formula Systems (1985) Ltd. That represents 4547.63$ of latent gain with 3539.27$ of employed capital.
Performance at glance (1Q Momentum)

Performance

114.43 %

Latent gain

6956.37 $

Invested capital

6079.23 $

Annualized return

33.35 %
Performance at glance (2Q Momentum)

Performance

128.49 %

Latent gain

4547.63 $

Invested capital

3539.27 $

Annualized return

35.11 %

Momentum equity curve on Formula Systems (1985) Ltd

The following chart shows the equity curve of the two momentum strategies applied to Formula Systems (1985) Ltd:

Formula Systems (1985) Ltd momentum equity

Note: the dividends potentially given by Formula Systems (1985) Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Formula Systems (1985) Ltd

The following chart shows the employed capital evolution of the two momentum strategies on Formula Systems (1985) Ltd since the beginning:

Formula Systems (1985) Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Formula Systems (1985) Ltd

Buy the dip entry openings on Formula Systems (1985) Ltd

Formula Systems (1985) Ltd

The performance achieved by the robo-advisor on Formula Systems (1985) Ltd is 71.36%. That represents 1507.96$ of latent gain with 2113.04$ of employed capital. The following chart shows Formula Systems (1985) Ltd stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Formula Systems (1985) Ltd, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

71.36 %

Latent gain

1507.96 $

Invested capital

2113.04 $

Annualized return

33.35 %

Equity curve of the strategy applied to Formula Systems (1985) Ltd

The following chart shows the result of the investment strategy applied to Formula Systems (1985) Ltd:

Formula Systems (1985) Ltd

Note: the dividends potentially given by Formula Systems (1985) Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Formula Systems (1985) Ltd

The following chart shows the employed capital evolution since the beginning of the investment strategy on Formula Systems (1985) Ltd:

Formula Systems (1985) Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Formula Systems (1985) Ltd

In this section, I will compare the three previous investment strategies applied to Formula Systems (1985) Ltd.

Equity curve comparison on Formula Systems (1985) Ltd

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Formula Systems (1985) Ltd investment strategy comparison

Employed capital comparison on Formula Systems (1985) Ltd

Formula Systems (1985) Ltd investment comparison

Performance comparison on Formula Systems (1985) Ltd

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 118.14% 2418.64$ 2047.26$ 28.54%
Momentum 1 quarter 114.43% 6956.37$ 6079.23$ 29.34%
Momentum 2 quarters 128.49% 4547.63$ 3539.27$ 35.11%
Non-directional 71.36% 1507.96$ 2113.04$ 33.35%
Annualized return comparison

Automatic investment

28.54 %

Momentum 1Q

35.11 %

Momentum 2Q

35.11 %

Non-directional

33.35 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Formula Systems (1985) Ltd:

Note: The algorithm computes the probability of correlation between Formula Systems (1985) Ltd and the other stocks. There may be false positives or some missing correlated stocks. If the price of Formula Systems (1985) Ltd does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Formula Systems (1985) Ltd
Country Israel
City Or Yehuda
Address Yahadut Canada 1 Street
Phone 972 3 538 9389
Website www.formulasystems.com
FullTime employees 20333
Industry Information Technology Services
Sector Technology
Exchange XNAS
Ticker FORTY
Market www.nasdaq.com

Formula Systems (1985) Ltd ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown