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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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Income Statements

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

All items in Millions except EPS data.

12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Sales 2,621 2,572 2,404 1,934 1,701
Cost Of Goods 1,977 1,950 1,841 1,486 1,315
Gross Profit 644 622 564 447 386
Selling & Adminstrative & Depr. & Amort Expenses 404 346 356 277 248
Income After Depreciation & Amortization 239 277 208 171 138
Non-Operating Income NA 7 6 3 4
Interest Expense 28 27 30 29 22
Pretax Income 211 257 184 144 120
Income Taxes 46 55 43 31 27
Minority Interest 102 118 87 67 56
Investment Gains/Losses 1 -2 1 2 2
Other Income/Charges NA 0 0 0 0
Income From Cont. Operations 166 200 142 114 94
Extras & Discontinued Operations 0 0 0 0 0
Net Income (GAAP) 64 81 55 47 39
Depreciation Footnote 12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Income Before Depreciation & Amortization 239 392 330 266 225
Depreciation & Amortization (Cash Flow) NA 115 122 96 87
Income After Depreciation & Amortization 239 277 208 171 138
Earnings Per Share Data 12/31/23 12/31/22 12/31/21 12/31/20 12/31/19
Average Shares 15.50 15.50 15.40 15.29 15.34
Diluted EPS Before Non-Recurring Items 4.12 5.21 3.50 3.01 2.44
Diluted Net EPS (GAAP) 4.12 5.21 3.50 3.01 2.44

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

All items in Millions except EPS data.

3/31/24 12/31/23 9/30/23 6/30/23 3/31/23
Sales NA 640.29 654.84 655.37 670.40
Cost Of Goods NA 479.07 495.22 494.44 508.47
Gross Profit NA 161.23 159.62 160.94 161.93
SG&A, R&D, and Dept/Amort Expenses 0.00 100.88 101.37 100.95 101.14
Income After SG&A, R&D, and Dept/Amort Expenses 0.00 60.35 58.25 59.99 60.79
Non-Operating Income NA NA 0.00 0.00 0.00
Interest Expense NA 9.22 6.42 5.61 7.08
Pretax Income NA 51.13 51.82 54.37 53.71
Income Taxes NA 10.72 12.49 11.38 11.49
Minority Interest NA 24.87 24.13 26.15 26.57
Investment Gains/Losses NA 0.17 0.39 0.17 0.04
Other Income/Charges NA NA 0.00 0.00 0.00
Income From Cont. Operations NA 15.71 39.73 43.17 42.26
Extras & Discontinued Operations NA 0.00 0.00 0.00 0.00
Net Income (GAAP) NA 15.71 15.60 17.02 15.68
Earnings Per Share Data 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23
Average Shares NA 15.51 15.54 15.48 15.47
Diluted EPS Before Non-Recurring Items NA 1.01 1.00 1.11 1.01
Diluted Net EPS (GAAP) NA 1.01 1.00 1.11 1.01