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Formula Systems 1985 (FORTY)

(Delayed Data from NSDQ)

$74.80 USD

74.80
323

+0.20 (0.27%)

Updated Apr 26, 2024 03:57 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 17% (210 out of 252)

Industry: Computer - Services

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Balance Sheet

Fiscal Year End for Formula Systems 1985 Ltd falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 529 569 512 533 405
Receivables 806 767 768 604 552
Notes Receivable NA 0 0 0 0
Inventories 42 35 21 24 9
Other Current Assets NA 0 0 0 0
Total Current Assets 1,376 1,372 1,302 1,161 966
Net Property & Equipment 53 55 57 59 43
Investments & Advances 72 60 29 28 26
Other Non-Current Assets NA 0 0 0 0
Deferred Charges 49 42 46 40 39
Intangibles 1,144 1,149 1,175 1,095 889
Deposits & Other Assets NA 0 24 23 22
Total Assets 2,815 2,794 2,749 2,520 2,089
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable NA 0 0 0 0
Accounts Payable 332 309 286 222 188
Current Portion Long-Term Debt 221 226 224 162 157
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses 209 201 208 190 142
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities 182 219 188 173 149
Total Current Liabilities 988 1,001 948 780 671
Mortgages NA 0 0 0 0
Deferred Taxes/Income 66 68 96 85 60
Convertible Debt NA 0 0 0 0
Long-Term Debt 320 422 362 383 337
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 48 47 78 72 35
Minority Interest (Liabilities) NA 0 0 0 15
Total Liabilities 1,507 1,617 1,569 1,412 1,193
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 4 4 4 4
Capital Surplus NA 145 153 149 121
Retained Earnings NA 419 358 324 285
Other Equity NA 608 664 631 486
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity 1,308 1,177 1,180 1,109 896
Total Liabilities & Shareholder's Equity 2,815 2,794 2,749 2,520 2,089
Total Common Equity 101,307 1,177 1,180 1,109 896
Shares Outstanding 15.30 15.30 15.20 15.20 15.20
Book Value Per Share 6,621.39 76.92 77.62 72.93 58.97

Fiscal Year End for Formula Systems 1985 Ltd falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 529 469 477 517
Receivables NA 806 766 775 799
Notes Receivable NA NA 0 0 0
Inventories NA 42 37 39 39
Other Current Assets NA NA 0 0 0
Total Current Assets NA 1,376 1,272 1,291 1,354
Net Property & Equipment NA 53 51 54 54
Investments & Advances NA 72 70 69 61
Other Non-Current Assets NA NA 0 0 0
Deferred Charges NA 49 44 44 43
Intangibles NA 1,144 1,110 1,150 1,139
Deposits & Other Assets NA NA 0 0 0
Total Assets NA 2,815 2,657 2,726 2,771
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA NA 0 0 0
Accounts Payable NA 332 264 273 284
Current Portion Long-Term Debt NA 221 235 222 240
Current Portion Capital Leases NA NA 0 0 0
Accrued Expenses NA 209 185 182 194
Income Taxes Payable NA NA 0 0 0
Other Current Liabilities NA 182 179 201 236
Total Current Liabilities NA 988 904 924 1,002
Mortgages NA NA 0 0 0
Deferred Taxes/Income NA 66 62 66 70
Convertible Debt NA NA 0 0 0
Long-Term Debt NA 320 343 384 380
Non-Current Capital Leases NA NA 0 0 0
Other Non-Current Liabilities NA 45 45 31
Minority Interest (Liabilities) NA NA 0 0 18
Total Liabilities NA 1,507 1,430 1,499 1,581
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA NA 0 0 0
Common Stock (Par) NA NA 0 0 0
Capital Surplus NA NA 0 0 0
Retained Earnings NA NA 0 0 0
Other Equity NA NA 0 0 0
Treasury Stock NA NA 0 0 0
Total Shareholder's Equity NA 1,308 1,227 1,228 1,190
Total Liabilities & Shareholder's Equity NA 2,815 2,657 2,726 2,771
Total Common Equity 0 101,307 1,227 1,228 1,190
Shares Outstanding 15.30 15.30 15.30 15.30 15.30
Book Value Per Share 0.00 6,621.39 80.17 80.24 77.79