Subscribe

Formula Systems (1985) Ltd. (FORTY.TA)

ILA32,720.00 -200.00 (-0.61%)
IL TLV Technology Information Technology Services
Address Yahadut Canada 1 Street 6037501
Or Yehuda, IL
CEO Guy Bernstein
IPO 2002-08-12
ISIN IL0002560162

Explore sections of this company profile

Also trades on NASDAQ Global Select · FORTY (USD) Tel Aviv Stock Exchange · FORTY.TA (ILA)
Description

Formula Systems (1985) Ltd. is a global technology enterprise delivering a broad spectrum of IT services and products. The company specializes in developing and distributing both proprietary and third-party software solutions, offering extensive professional IT services, handling software product promotion and support, and implementing comprehensive computer infrastructure and integration solutions. Its diverse portfolio includes crucial offerings such as cloud computing, database management, and big data services, along with a suite of software tools for customer relationship management, web content administration, and data analytics. A significant part of its business focuses on the insurance sector, where it provides an extensive range of Sapiens platforms covering property and casualty, life, pension, annuities, reinsurance, and workers' compensation. Furthermore, Formula Systems supplies financial and compliance software, a dedicated decision management platform (Sapiens DECISION), and various other technology-based solutions, including platforms for application development and business process integration. The company also offers strategic consulting, outsourcing services, and markets computer hardware and peripherals to commercial clients, in addition to developing on-premise payroll software. Established in 1985, Formula Systems (1985) Ltd. is headquartered in Or Yehuda, Israel.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
ILA32,720.00 -200.00 (-0.61%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
30.8K
Beta
0.16
Float Shares
9.52M
Free Float %
62.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -3.81% -10.29% +1.95% -27.33% -30.91% -2.42% +43.99% +28.00% +179.31% +626.42%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
32,720.00
DCF (Unlevered) 125,220.76 +282.7%
DCF (Levered) 262,066.57 +700.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.95
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A+
Overall Score
5 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Information Technology Services: +10.1%
    +3.1% Q1'26: -2.2% (vs Q1'25)
  • EPS growth Information Technology Services: +16.7%
    +717.1% Q1'26: +82.1% (vs Q1'25)
  • FCF margin FCF growth · Information Technology Services: +32.8%
    +7.7% Q1'26: +54.5% (vs Q1'25)
  • EBIT margin Information Technology Services: +9.0%
    +7.1% Q1'26: +8.8% (vs Q1'25)
  • ROIC Information Technology Services: +9.5%
    +13.6% Q1'26: +15.8% (vs Q1'25)
  • Share dilution Information Technology Services: +0.0%
    +1.0% Q1'26: +0.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    2.92× Q1'26: 2.62× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.22) × ERP
WACC = 78% × Ke + 22% × Kd (9.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 125,220.76 Current price: 32,720.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-28 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-27 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-26 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-25 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-20 A+ 4/5 5/5 5/5 5/5 2/5 4/5 3/5
2026-05-19 A+ 4/5 5/5 5/5 5/5 2/5 4/5 3/5
2026-05-18 A+ 4/5 5/5 5/5 5/5 2/5 4/5 3/5
2026-05-15 A+ 4/5 5/5 5/5 5/5 2/5 4/5 3/5
2026-05-14 A+ 4/5 5/5 5/5 5/5 2/5 4/5 3/5
2026-05-13 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-12 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-11 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-08 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-07 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-06 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-05 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-04 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-05-01 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-30 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-29 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-28 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-27 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-24 A+ 5/5 5/5 5/5 5/5 2/5 4/5 4/5
2026-04-23 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-20 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-17 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-16 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
13.05M
OE per share TTM
0.83
Owner's Yield
0.23%
Maintenance CapEx ratio
1.40%
Maint CapEx / Avg PPE
7.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 48 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amplify BlueStar Israel Technology ETF ITEQ 0.92% 1.09M 0.75%
2 VanEck Israel ETF ISRA 0.43% 652.4K 0.59%
3 iShares MSCI Israel ETF EIS 0.27% 2.37M 0.59%
4 iShares International Developed Small Cap Value Factor ETF ISVL 0.15% 481.7K 0.31%
5 iShares Automation & Robotics UCITS ETF RBOT.L 0.06% 2.79M 0.40%
6 iShares Automation & Robotics UCITS ETF RBOD.L 0.06% 195.7K 0.40%
7 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.03% 4.48M 0.06%
8 iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ 0.03% 70.7K 0.83%
9 iShares MSCI EAFE Small-Cap ETF SCZ 0.03% 4.26M 0.40%
10 Dimensional - International Small Cap ETF DFIS 0.02% 1.34M 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
9.3K
Shares Outstanding
15.33M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Guy Bernstein Chief Executive Officer 4M male
Maya Solomon-Ella Chief Operational Officer 282.0K female
Asaf Berenstin Chief Financial Officer 50.0K male
ESG Rating
E (Environmental)
90.8
S (Social)
74.0
G (Governance)
81.0
ESG Total
81.9
ESG Score History
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits