Formula Systems (1985)（FORTY）株式概要フォーミュラ・システムズ（1985）リミテッドは子会社を通じて、独自および非独占のソフトウェア・ソリューション、情報技術（IT）プロフェッショナル・サービス、ソフトウェア製品のマーケティングおよびサポート、コンピューター・インフラストラクチャーおよび統合ソリューション、学習および統合を提供している。 詳細FORTY ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績4/6財務の健全性6/6配当金3/6報酬過去1年間で収益は40%増加しました リスク分析過去5年間で収益は年間0.1%減少しました。 すべてのリスクチェックを見るFORTY Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₪Current Price₪298.9047.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture03b2016201920222025202620282031Revenue US$3.3bEarnings US$71.7mAdvancedSet Fair ValueView all narrativesFormula Systems (1985) Ltd. 競合他社One Software TechnologiesSymbol: TASE:ONEMarket cap: ₪4.2bMatrix ITSymbol: TASE:MTRXMarket cap: ₪6.7bMalam - TeamSymbol: TASE:MLTMMarket cap: ₪1.6bComputer Direct GroupSymbol: TASE:CMDRMarket cap: ₪1.0b価格と性能株価の高値、安値、推移の概要Formula Systems (1985)過去の株価現在の株価₪298.9052週高値₪582.5052週安値₪298.60ベータ0.161ヶ月の変化-20.10%3ヶ月変化-21.36%1年変化-27.33%3年間の変化9.53%5年間の変化3.21%IPOからの変化2,634.68%最新ニュースお知らせ • Jun 17Formula Systems (1985) Ltd., Annual General Meeting, Jul 20, 2026Formula Systems (1985) Ltd., Annual General Meeting, Jul 20, 2026. Location: terminal center, 1 yahadut canada st.,6037501, or yehuda Israelライブニュース • May 29Formula Systems Posts Record Q1 2026 Results and Announces US$13.045 Special DividendFormula Systems reported record first quarter 2026 results, with revenue up 19.2% year over year. Net income attributable to shareholders rose 84.5% compared with the same quarter a year earlier. The company completed a merger of subsidiaries Matrix IT Ltd. and Magic Software Enterprises Ltd., making Magic Software a wholly owned subsidiary, and announced a special cash dividend of US$13.045 per share to be paid in June 2026 based on its 2025 results. The combination of strong top-line and bottom-line growth alongside the subsidiary merger indicates a period of significant corporate activity that could reshape the group structure and earnings mix over time. The special dividend is a one-off cash return tied to past results, so it may be useful to separate that from expectations about ongoing capital returns when evaluating the stock.お知らせ • May 17Formula Systems (1985) Ltd. Declares Special Cash Dividend for Year 2025, Payable on June 4, 2026Formula Systems (1985) Ltd. announced that its board of directors has approved the distribution of a special cash dividend, based on Formula’s results for 2025, including, in particular, the completion of the acquisition of Sapiens by Advent, of $13.045 per share, or approximately $200.0 million in total. The dividend will be paid on June 4, 2026 to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on May 25, 2026. The dividend will be paid in U.S dollars both with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and its American Depositary Receipts traded on the Nasdaq Global Select Market.お知らせ • May 02Formula Systems (1985) Ltd. announced delayed 20-F filingOn 04/30/2026, Formula Systems (1985) Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.New Risk • Apr 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.5% net profit margin).Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₪414, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 20x in the IT industry in Israel. Total returns to shareholders of 91% over the past three years.最新情報をもっと見るRecent updatesお知らせ • Jun 17Formula Systems (1985) Ltd., Annual General Meeting, Jul 20, 2026Formula Systems (1985) Ltd., Annual General Meeting, Jul 20, 2026. Location: terminal center, 1 yahadut canada st.,6037501, or yehuda Israelライブニュース • May 29Formula Systems Posts Record Q1 2026 Results and Announces US$13.045 Special DividendFormula Systems reported record first quarter 2026 results, with revenue up 19.2% year over year. Net income attributable to shareholders rose 84.5% compared with the same quarter a year earlier. The company completed a merger of subsidiaries Matrix IT Ltd. and Magic Software Enterprises Ltd., making Magic Software a wholly owned subsidiary, and announced a special cash dividend of US$13.045 per share to be paid in June 2026 based on its 2025 results. The combination of strong top-line and bottom-line growth alongside the subsidiary merger indicates a period of significant corporate activity that could reshape the group structure and earnings mix over time. The special dividend is a one-off cash return tied to past results, so it may be useful to separate that from expectations about ongoing capital returns when evaluating the stock.お知らせ • May 17Formula Systems (1985) Ltd. Declares Special Cash Dividend for Year 2025, Payable on June 4, 2026Formula Systems (1985) Ltd. announced that its board of directors has approved the distribution of a special cash dividend, based on Formula’s results for 2025, including, in particular, the completion of the acquisition of Sapiens by Advent, of $13.045 per share, or approximately $200.0 million in total. The dividend will be paid on June 4, 2026 to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on May 25, 2026. The dividend will be paid in U.S dollars both with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and its American Depositary Receipts traded on the Nasdaq Global Select Market.お知らせ • May 02Formula Systems (1985) Ltd. announced delayed 20-F filingOn 04/30/2026, Formula Systems (1985) Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.New Risk • Apr 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.5% net profit margin).Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₪414, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 20x in the IT industry in Israel. Total returns to shareholders of 91% over the past three years.Reported Earnings • Mar 27Full year 2025 earnings released: EPS: US$2.53 (vs US$5.21 in FY 2024)Full year 2025 results: EPS: US$2.53 (down from US$5.21 in FY 2024). Revenue: US$2.63b (down 4.7% from FY 2024). Net income: US$38.7m (down 52% from FY 2024). Profit margin: 1.5% (down from 2.9% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Feb 25Matrix IT Ltd. (TASE:MTRX) completed the acquisition of Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others.Matrix IT Ltd. (TASE:MTRX) entered into memorandum of understanding to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others for ILS 2.6 billion on March 10, 2025. The consideration consists of issue of ordinary shares of Matrix IT Ltd. in exchange for Magic Software Enterprises Ltd shares, an aggregate of 28,861,563 ordinary shares of Matrix, representing 0.5878202 Matrix ordinary shares for each one (1) Magic Software Enterprises Ltd ordinary share. Upon completion, Eligible Shareholders of Magic Software Enterprises Ltd are expected to hold, 31.125% of the issued and paid-up share capital of Matrix on a fully diluted basis, and the shareholders of Matrix are expected to hold 68.875% of the issued and paid-up share capital of Matrix on a fully diluted basis. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned of Matrix. On November 3, 2025, Magic Software Enterprises Ltd. entered into a definitive Agreement and Plan of Merger with Matrix IT Ltd. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, definitive agreement, approval by shareholders of both Matrix and Magic Software and third party approval needed. The deal has been approved by the Magic Software board. Matrix board of directors appointed an independent committee to evaluate the transaction. As of December 10, 2025, the transaction has been approved by the shareholders of Magic Software Enterprises Ltd. As of February 5, 2026, the parties have satisfied the conditions precedent to the closing of the Merger, including the receipt of the Israel Tax Authority tax ruling, except the receipt of the merger certificate from the Israeli Registrar of Companies is still pending. Value Base M&A Ltd. acted as financial advisor for Magic Software Enterprises Ltd. Gornitzky & Co. acted as legal advisor for Magic Software Enterprises Ltd. Guy Ben Ami, Steven Glusband and Melinda Fellner of Carter Ledyard & Milburn, LLP acted as legal advisor for Magic Software Enterprises Ltd. William Blair & Company, L.L.C. acted as financial advisor for Matrix IT Ltd. Jefferies LLC acted as financial advisor, KPMG acted as an accountant and Herzog Fox & Neeman acted as legal advisor for the independent committee of Matrix IT Ltd. Carter Ledyard & Milburn acted as U.S. securities counsel. Prometheus Financial Advisory acted as fairness opinion provider to Matrix IT Ltd. Matrix IT Ltd. (TASE:MTRX) completed the acquisition of Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others on February 24, 2026. The transaction has received the merger certificate issued by the Israeli Registrar of Companies. Upon receipt of the Merger Certificate, all Conditions Precedent to completion of the Merger were satisfied. Following the completion of the Merger, the Magic Software Enterprises Ltd.'s ordinary shares will be delisted from trading on the TASE and from NASDAQ, and the Company will be a private company wholly owned by Matrix IT Ltd.New Risk • Feb 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₪413, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 23x in the IT industry in Israel. Total returns to shareholders of 62% over the past three years.分析記事 • Jan 30Is Formula Systems (1985) (TLV:FORTY) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jan 04Formula Systems (1985) Ltd.'s (TLV:FORTY) Business Is Trailing The Market But Its Shares Aren'tWith a price-to-earnings (or "P/E") ratio of 34.6x Formula Systems (1985) Ltd. ( TLV:FORTY ) may be sending very...Upcoming Dividend • Dec 23Upcoming dividend of ₪1.64 per shareEligible shareholders must have bought the stock before 30 December 2025. Payment date: 13 January 2026. Trailing yield: 1.1%. Lower than top quartile of Israeli dividend payers (5.4%). Lower than average of industry peers (2.2%).お知らせ • Nov 22Formula Systems (1985) Ltd. Approves the Distribution of a Cash Dividend Third Quarter of 2025, Payable on January 13, 2025Formula Systems (1985) Ltd.’s board of directors approved the distribution of a cash dividend in an amount of NIS 1.64 per share (approximately $0.50 per share) and in an aggregate amount of approximately NIS 25.2 million (approximately $7.7 million) for the third quarter of 2025 . The dividend is payable on January 13, 2026, to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on December 30, 2025. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Globa l Select Market.Reported Earnings • Nov 22Third quarter 2025 earnings released: EPS: US$0.76 (vs US$1.54 in 3Q 2024)Third quarter 2025 results: EPS: US$0.76 (down from US$1.54 in 3Q 2024). Revenue: US$696.6m (flat on 3Q 2024). Net income: US$11.6m (down 51% from 3Q 2024). Profit margin: 1.7% (down from 3.4% in 3Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.分析記事 • Oct 30Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Upcoming Dividend • Oct 08Upcoming dividend of ₪1.69 per shareEligible shareholders must have bought the stock before 15 October 2025. Payment date: 28 October 2025. Trailing yield: 1.4%. Lower than top quartile of Israeli dividend payers (5.5%). Lower than average of industry peers (2.6%).分析記事 • Oct 03Returns At Formula Systems (1985) (TLV:FORTY) Are On The Way UpThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...分析記事 • Sep 12Some Confidence Is Lacking In Formula Systems (1985) Ltd.'s (TLV:FORTY) P/EFormula Systems (1985) Ltd.'s ( TLV:FORTY ) price-to-earnings (or "P/E") ratio of 27.5x might make it look like a...Reported Earnings • Aug 19Second quarter 2025 earnings released: EPS: US$0.98 (vs US$1.23 in 2Q 2024)Second quarter 2025 results: EPS: US$0.98 (down from US$1.23 in 2Q 2024). Revenue: US$743.4m (up 11% from 2Q 2024). Net income: US$15.1m (down 20% from 2Q 2024). Profit margin: 2.0% (down from 2.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Aug 19Formula Systems (1985) Ltd. Approves Cash Dividend for Second Quarter of 2025, Payable on October 28, 2025Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of NIS 1.69 per share (approximately $0.50 per share) and in an aggregate amount of approximately NIS 25.9 million (approximately $7.7 million). The dividend is payable on October 28, 2025, to all of the Company's shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on October 14, 2025. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.New Risk • Aug 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Board Change • Jul 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Itay Meroz was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 22Formula Systems (1985) Ltd. Approves Cash Dividend for First Quarter of 2025, Payable on July 22, 2025Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of NIS 1.57 per share (approximately $0.44 per share) and in an aggregate amount of approximately NIS 24.1 million (approximately $6.8 million). The dividend is payable on July 22, 2025, to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on July 7, 2025. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.お知らせ • May 01Formula Systems (1985) Ltd. announced delayed 20-F filingOn 04/30/2025, Formula Systems (1985) Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.Upcoming Dividend • Apr 27Upcoming dividend of ₪3.45 per shareEligible shareholders must have bought the stock before 04 May 2025. Payment date: 14 May 2025. Trailing yield: 2.0%. Lower than top quartile of Israeli dividend payers (6.4%). Lower than average of industry peers (3.1%).お知らせ • Apr 23Formula Systems (1985) Ltd., Annual General Meeting, May 27, 2025Formula Systems (1985) Ltd., Annual General Meeting, May 27, 2025. Location: terminal center, 1 yahadut canada st., or yehuda 6037501, Israel分析記事 • Apr 13Should You Be Adding Formula Systems (1985) (TLV:FORTY) To Your Watchlist Today?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...New Risk • Apr 06New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.分析記事 • Mar 21Pinning Down Formula Systems (1985) Ltd.'s (TLV:FORTY) P/E Is Difficult Right NowFormula Systems (1985) Ltd.'s ( TLV:FORTY ) price-to-earnings (or "P/E") ratio of 17.9x might make it look like a sell...Reported Earnings • Mar 20Full year 2024 earnings released: EPS: US$5.21 (vs US$4.18 in FY 2023)Full year 2024 results: EPS: US$5.21 (up from US$4.18 in FY 2023). Revenue: US$2.76b (up 5.2% from FY 2023). Net income: US$79.7m (up 25% from FY 2023). Profit margin: 2.9% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.お知らせ • Mar 20Formula Systems (1985) Ltd Declares Cash Dividend for the Second Half Ended December 31, 2024, Payable on May 14, 2025Formula Systems (1985) Ltd.'s board of directors approved the distribution of a cash dividend in an amount of NIS 3.45 per share (approximately $0.94 per share) and in an aggregate amount of approximately NIS 52.9 million (approximately $14.4 million) for the second half ended December 31, 2024. The dividend is payable on May 14, 2025, to all of the Company's shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on April 30, 2025.お知らせ • Mar 13Matrix IT Ltd. (TASE:MTRX) entered into MOU to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC).Matrix IT Ltd. (TASE:MTRX) entered into MOU to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC) on March 10, 2025. The consideration consists of common equity of Matrix IT Ltd. to be issued for common equity of Magic Software Enterprises Ltd. As part of consideration, an undisclosed value is paid towards common equity of Magic Software Enterprises Ltd. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned of Matrix. Magic's shareholders will receive merger consideration in Matrix shares, based on the relative valuations of both Companies presented by the Committees' financial advisors (which were adopted by the Committee, including in its capacity as Magic's Audit Committee, and by Magic’s Board of Directors) and the derived exchange ratio derived of 31.125%/68.875%. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, definitive agreement and third party approval needed. The deal has been approved by the Magic Software board. Value Base M&A Ltd. acted as financial advisor for Magic Software Enterprises Ltd. Gornitzky & Co. acted as legal advisor for Magic Software Enterprises Ltd. William Blair & Company, L.L.C acted as financial advisor for Matrix IT Ltd.分析記事 • Feb 26Does Formula Systems (1985) (TLV:FORTY) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Dec 25Formula Systems (1985)'s (TLV:FORTY) Returns On Capital Are Heading HigherIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Reported Earnings • Nov 23Third quarter 2024 earnings released: EPS: US$1.54 (vs US$1.02 in 3Q 2023)Third quarter 2024 results: EPS: US$1.54 (up from US$1.02 in 3Q 2023). Revenue: US$699.9m (up 6.9% from 3Q 2023). Net income: US$23.6m (up 51% from 3Q 2023). Profit margin: 3.4% (up from 2.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.分析記事 • Nov 20Formula Systems (1985) Ltd.'s (TLV:FORTY) Shareholders Might Be Looking For ExitWith a price-to-earnings (or "P/E") ratio of 18.9x Formula Systems (1985) Ltd. ( TLV:FORTY ) may be sending bearish...分析記事 • Oct 23Formula Systems (1985) (TLV:FORTY) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Upcoming Dividend • Sep 05Upcoming dividend of ₪2.32 per shareEligible shareholders must have bought the stock before 12 September 2024. Payment date: 26 September 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Israeli dividend payers (6.9%). Lower than average of industry peers (3.2%).Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: US$1.23 (vs US$1.11 in 2Q 2023)Second quarter 2024 results: EPS: US$1.23 (up from US$1.11 in 2Q 2023). Revenue: US$667.7m (up 1.9% from 2Q 2023). Net income: US$18.8m (up 11% from 2Q 2023). Profit margin: 2.8% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Aug 20Formula Systems (1985) Ltd. Approves Cash Dividend for the Six Months Ended June 30, 2024, Payable on September 26, 2024Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of ILS 2.32 per share (approximately $0.63 per share) and in an aggregate amount of approximately ILS 35.6 million (approximately $9.6 million). The dividend is payable on September 26, 2024, to all of the Company's shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on September 12, 2024. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.Board Change • Jul 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Itay Meroz was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 30Formula Systems (1985) Ltd. announced delayed 20-F filingOn 04/29/2024, Formula Systems (1985) Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.分析記事 • Apr 16Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Apr 05Formula Systems (1985) Ltd., Annual General Meeting, May 09, 2024Formula Systems (1985) Ltd., Annual General Meeting, May 09, 2024, at 14:00 Israel Standard Time. Location: Terminal Center, 1 Street, Or Yehuda Israel Agenda: To re-elect Mr. Marek Panek to the Company’s board of directors, or the Board, to hold office until company's next annual general meeting of shareholders and until his successor is duly elected and qualified; to re-elect Mr. Rafal Kozlowski to the Board, to hold office until company's next annual general meeting of shareholders and until his successor is duly elected and qualified; to re-elect Mr. Ohad Melnik to the Board, to hold office until company's next annual general meeting of shareholders and until his successor is duly elected and qualified; to re-elect Ms. Gabriela Żukowicz to the Board, to hold office until company's next annual general meeting of shareholders and until her successor is duly elected and qualified; and to consider other matters.Upcoming Dividend • Mar 28Upcoming dividend of ₪2.30 per shareEligible shareholders must have bought the stock before 04 April 2024. Payment date: 18 April 2024. Trailing yield: 1.5%. Lower than top quartile of Israeli dividend payers (6.8%). Lower than average of industry peers (2.7%).Reported Earnings • Mar 20Full year 2023 earnings released: EPS: US$4.18 (vs US$5.32 in FY 2022)Full year 2023 results: EPS: US$4.18 (down from US$5.32 in FY 2022). Revenue: US$2.62b (up 1.9% from FY 2022). Net income: US$64.0m (down 21% from FY 2022). Profit margin: 2.4% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Mar 20Formula Systems (1985) Ltd. Approves Dividend for the Second Half of 2023, Payable on April 18, 2024Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of ILS 2.30 per share (approximately $0.63 per share) and in an aggregate amount of approximately ILS 35.3 million (approximately $10.0 million). The dividend is payable on April 18, 2024, to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on April 4, 2024. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.分析記事 • Mar 17We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...分析記事 • Feb 05Formula Systems (1985) Ltd.'s (TLV:FORTY) Shares May Have Run Too Fast Too SoonWhen close to half the companies in Israel have price-to-earnings ratios (or "P/E's") below 11x, you may consider...分析記事 • Dec 15The Return Trends At Formula Systems (1985) (TLV:FORTY) Look PromisingTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Reported Earnings • Nov 23Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$654.8m (up 4.3% from 3Q 2022). Net income: US$15.6m (down 7.6% from 3Q 2022). Profit margin: 2.4% (down from 2.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.分析記事 • Oct 11We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Aug 20Formula Systems (1985) (TLV:FORTY) Is Experiencing Growth In Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: US$1.11 (vs US$2.15 in 2Q 2022)Second quarter 2023 results: EPS: US$1.11 (down from US$2.15 in 2Q 2022). Revenue: US$655.4m (up 1.7% from 2Q 2022). Net income: US$17.0m (down 48% from 2Q 2022). Profit margin: 2.6% (down from 5.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Buying Opportunity • Jul 24Now 24% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be ₪351, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%.Buying Opportunity • Jun 20Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be ₪353, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%.分析記事 • Jun 13Formula Systems (1985) (TLV:FORTY) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Upcoming Dividend • May 29Upcoming dividend of ₪2.30 per share at 1.8% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Israeli dividend payers (7.2%). Lower than average of industry peers (3.2%).お知らせ • May 24Formula Systems (1985) Ltd. Approves Dividend for the Second Half of 2022, Payable on June 22, 2023Formula Systems (1985) Ltd. announced based on the company's results, the company's board of directors approved the distribution of a cash dividend for the second half of 2022 in an amount of ILS 2.30 per share (approximately $0.63 per share) and in an aggregate amount of approximately ILS 35.3 million (approximately $9.7 million). The dividend is payable on June 22, 2023, to all of the company's shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on June 5, 2023.Reported Earnings • May 24First quarter 2023 earnings released: EPS: US$1.03 (vs US$1.06 in 1Q 2022)First quarter 2023 results: EPS: US$1.03 (down from US$1.06 in 1Q 2022). Revenue: US$670.4m (up 3.0% from 1Q 2022). Net income: US$15.7m (down 3.4% from 1Q 2022). Profit margin: 2.3% (down from 2.5% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Board Change • May 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Tomer Jacob was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Apr 04Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Mar 18Full year 2022 earnings released: EPS: US$5.32 (vs US$3.57 in FY 2021)Full year 2022 results: EPS: US$5.32 (up from US$3.57 in FY 2021). Revenue: US$2.57b (up 7.0% from FY 2021). Net income: US$81.4m (up 49% from FY 2021). Profit margin: 3.2% (up from 2.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 14We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Feb 21With EPS Growth And More, Formula Systems (1985) (TLV:FORTY) Makes An Interesting CaseInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...分析記事 • Dec 09Formula Systems (1985) (TLV:FORTY) Shareholders Will Want The ROCE Trajectory To ContinueIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Upcoming Dividend • Nov 28Upcoming dividend of ₪2.16 per shareEligible shareholders must have bought the stock before 05 December 2022. Payment date: 20 December 2022. Trailing yield: 1.7%. Lower than top quartile of Israeli dividend payers (7.2%). Lower than average of industry peers (4.2%).Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: US$1.10 (vs US$0.87 in 3Q 2021)Third quarter 2022 results: EPS: US$1.10 (up from US$0.87 in 3Q 2021). Revenue: US$636.3m (up 8.5% from 3Q 2021). Net income: US$16.9m (up 27% from 3Q 2021). Profit margin: 2.7% (up from 2.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.分析記事 • Nov 08We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With EaseDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Oct 14Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: US$2.15 (vs US$0.87 in 2Q 2021)Second quarter 2022 results: EPS: US$2.15 (up from US$0.87 in 2Q 2021). Revenue: US$644.6m (up 9.6% from 2Q 2021). Net income: US$32.9m (up 147% from 2Q 2021). Profit margin: 5.1% (up from 2.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Ohad Melnik was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Apr 13Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Upcoming Dividend • Apr 05Upcoming dividend of ₪2.56 per shareEligible shareholders must have bought the stock before 12 April 2022. Payment date: 26 April 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Israeli dividend payers (5.5%). Lower than average of industry peers (2.4%).Reported Earnings • Mar 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$3.57 (up from US$3.06 in FY 2020). Revenue: US$2.41b (up 24% from FY 2020). Net income: US$54.6m (up 17% from FY 2020). Profit margin: 2.3% (down from 2.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Feb 23Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting StockFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Board Change • Feb 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Ohad Melnik was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Jan 30We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With EaseWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Jan 10We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)What are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Nov 19Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.83 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$586.3m (up 20% from 3Q 2020). Net income: US$13.3m (up 5.2% from 3Q 2020). Profit margin: 2.3% (down from 2.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Nov 02Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...分析記事 • Oct 10These 4 Measures Indicate That Formula Systems (1985) (TLV:FORTY) Is Using Debt Reasonably WellSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Upcoming Dividend • Aug 25Upcoming dividend of ₪2.53 per shareEligible shareholders must have bought the stock before 01 September 2021. Payment date: 22 September 2021. Trailing yield: 1.6%. Lower than top quartile of Israeli dividend payers (5.3%). Lower than average of industry peers (2.2%).分析記事 • Aug 22Formula Systems (1985) (TLV:FORTY) Is Paying Out A Larger Dividend Than Last YearFormula Systems (1985) Ltd. ( TLV:FORTY ) has announced that it will be increasing its dividend on the 22nd of...Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS US$0.87 (vs US$0.73 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$587.9m (up 35% from 2Q 2020). Net income: US$13.3m (up 19% from 2Q 2020). Profit margin: 2.3% (down from 2.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • May 01Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Apr 16Is Now The Time To Put Formula Systems (1985) (TLV:FORTY) On Your Watchlist?Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...分析記事 • Apr 01The Return Trends At Formula Systems (1985) (TLV:FORTY) Look PromisingThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Reported Earnings • Mar 18Full year 2020 earnings released: EPS US$3.06 (vs US$2.56 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.93b (up 14% from FY 2019). Net income: US$46.8m (up 21% from FY 2019). Profit margin: 2.4% (up from 2.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 17Formula Systems (1985) Ltd.'s (TLV:FORTY) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Most readers would already be aware that Formula Systems (1985)'s (TLV:FORTY) stock increased significantly by 21% over...分析記事 • Mar 02Does Formula Systems (1985) Ltd. (TLV:FORTY) Have A Place In Your Dividend Portfolio?Could Formula Systems (1985) Ltd. ( TLV:FORTY ) be an attractive dividend share to own for the long haul? Investors are...分析記事 • Feb 14What Kind Of Investors Own Most Of Formula Systems (1985) Ltd. (TLV:FORTY)?A look at the shareholders of Formula Systems (1985) Ltd. ( TLV:FORTY ) can tell us which group is most powerful...分析記事 • Jan 29Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 15% share price gain to US$311, the stock is trading at a trailing P/E ratio of 32.6x, up from the previous P/E ratio of 28.3x. This compares to an average P/E of 29x in the IT industry in Israel. Total returns to shareholders over the past three years are 114%.Is New 90 Day High Low • Jan 18New 90-day high: ₪292The company is up 1.0% from its price of ₪290 on 20 October 2020. The Israeli market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period.分析記事 • Dec 30Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting StockIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...分析記事 • Dec 14We Like These Underlying Trends At Formula Systems (1985) (TLV:FORTY)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Is New 90 Day High Low • Dec 09New 90-day low: ₪255The company is down 12% from its price of ₪288 on 10 September 2020. The Israeli market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.株主還元FORTYIL ITIL 市場7D-7.7%-8.4%-2.4%1Y-27.3%-29.2%20.8%株主還元を見る業界別リターン: FORTY過去 1 年間で-28.5 % の収益を上げたIL IT業界を上回りました。リターン対市場: FORTYは、過去 1 年間で22 % のリターンを上げたIL市場を下回りました。価格変動Is FORTY's price volatile compared to industry and market?FORTY volatilityFORTY Average Weekly Movement6.8%IT Industry Average Movement5.8%Market Average Movement5.8%10% most volatile stocks in IL Market9.7%10% least volatile stocks in IL Market3.7%安定した株価: FORTY 、 IL市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: FORTYの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト198519,337Guy Bernsteinwww.formulasystems.comフォーミュラ・システムズ (1985) リミテッドは、その子会社を通じて、専有および非専有のソフトウェア・ソリューション、情報技術 (IT) プロフェッショナル・サービス、ソフトウェア製品のマーケティングおよびサポート、コンピュータ・インフラストラクチャおよび統合ソリューション、学習および統合を提供している。ITソフトウェア・ソリューションとサービス、コンサルティングと管理サービス、コンピューターと通信インフラ・ソリューション、ソフトウェア・ソリューション、ウェブ・ワールド・コンテンツ管理、データベースとデータ・ウェアハウス・マイニング、アプリケーション統合、データベースとシステム、データ管理、ソフトウェア開発ツール、開発者と専門家のトレーニング、ソフトスキルと管理トレーニング・サービスを提供している。また、Sapiens CoreSuite、Sapiens IDITSuiteなどの損害保険プラットフォーム、Sapiens、Sapiens CoreSuite、Sapiens UnderwritingPro、Sapiens ApplicationPro、Sapiens IllustrationPro、Sapiens ConsolidationMasterなどの生命保険・年金保険プラットフォーム、Sapiens CloudベースのDigitalSuite、データと分析プラットフォーム、Sapiens ReinsuranceMaster、Sapiens ReinsurancePro、Sapiens Reinsurance GOなどの再保険ソフトウェア・ソリューションを提供している。さらに、サピエンス労災ソリューション、サピエンス医療専門職賠償責任ソリューション、サピエンスFinancialPro、サピエンスFinancial GO、サピエンスStatementPro、サピエンスCheckPro、サピエンスReporting Toolsなどの財務およびコンプライアンス・ソリューション、エンタープライズ・スケールのプラットフォームであるサピエンス・ディシジョン、テクノロジー・ベース・ソリューション、アプリケーション開発およびビジネス・プロセス統合プラットフォーム、垂直ソフトウェア・ソリューション、クラウドベース・サービス、戦略的コンサルティングおよびアウトソーシング・サービス、プロフェッショナル・サービスを提供するほか、コンピュータおよび周辺機器、クラウド・コンピューティング・ソリューションの販売・マーケティングも行っている。同社は1985年に法人化され、イスラエルのオル・イェフダに本社を置いている。もっと見るFormula Systems (1985) Ltd. 基礎のまとめFormula Systems (1985) の収益と売上を時価総額と比較するとどうか。FORTY 基礎統計学時価総額₪4.58b収益（TTM）₪180.15m売上高(TTM)₪8.19b25.4xPER（株価収益率0.6xP/SレシオFORTY は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計FORTY 損益計算書（TTM）収益US$2.75b売上原価US$2.20b売上総利益US$544.97mその他の費用US$484.56m収益US$60.41m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）3.94グロス・マージン19.85%純利益率2.20%有利子負債／自己資本比率29.2%FORTY の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.6%現在の配当利回り64%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/25 03:39終値2026/06/25 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Formula Systems (1985) Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Jun 17Formula Systems (1985) Ltd., Annual General Meeting, Jul 20, 2026Formula Systems (1985) Ltd., Annual General Meeting, Jul 20, 2026. Location: terminal center, 1 yahadut canada st.,6037501, or yehuda Israel
ライブニュース • May 29Formula Systems Posts Record Q1 2026 Results and Announces US$13.045 Special DividendFormula Systems reported record first quarter 2026 results, with revenue up 19.2% year over year. Net income attributable to shareholders rose 84.5% compared with the same quarter a year earlier. The company completed a merger of subsidiaries Matrix IT Ltd. and Magic Software Enterprises Ltd., making Magic Software a wholly owned subsidiary, and announced a special cash dividend of US$13.045 per share to be paid in June 2026 based on its 2025 results. The combination of strong top-line and bottom-line growth alongside the subsidiary merger indicates a period of significant corporate activity that could reshape the group structure and earnings mix over time. The special dividend is a one-off cash return tied to past results, so it may be useful to separate that from expectations about ongoing capital returns when evaluating the stock.
お知らせ • May 17Formula Systems (1985) Ltd. Declares Special Cash Dividend for Year 2025, Payable on June 4, 2026Formula Systems (1985) Ltd. announced that its board of directors has approved the distribution of a special cash dividend, based on Formula’s results for 2025, including, in particular, the completion of the acquisition of Sapiens by Advent, of $13.045 per share, or approximately $200.0 million in total. The dividend will be paid on June 4, 2026 to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on May 25, 2026. The dividend will be paid in U.S dollars both with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and its American Depositary Receipts traded on the Nasdaq Global Select Market.
お知らせ • May 02Formula Systems (1985) Ltd. announced delayed 20-F filingOn 04/30/2026, Formula Systems (1985) Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
New Risk • Apr 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.5% net profit margin).
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₪414, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 20x in the IT industry in Israel. Total returns to shareholders of 91% over the past three years.
お知らせ • Jun 17Formula Systems (1985) Ltd., Annual General Meeting, Jul 20, 2026Formula Systems (1985) Ltd., Annual General Meeting, Jul 20, 2026. Location: terminal center, 1 yahadut canada st.,6037501, or yehuda Israel
ライブニュース • May 29Formula Systems Posts Record Q1 2026 Results and Announces US$13.045 Special DividendFormula Systems reported record first quarter 2026 results, with revenue up 19.2% year over year. Net income attributable to shareholders rose 84.5% compared with the same quarter a year earlier. The company completed a merger of subsidiaries Matrix IT Ltd. and Magic Software Enterprises Ltd., making Magic Software a wholly owned subsidiary, and announced a special cash dividend of US$13.045 per share to be paid in June 2026 based on its 2025 results. The combination of strong top-line and bottom-line growth alongside the subsidiary merger indicates a period of significant corporate activity that could reshape the group structure and earnings mix over time. The special dividend is a one-off cash return tied to past results, so it may be useful to separate that from expectations about ongoing capital returns when evaluating the stock.
お知らせ • May 17Formula Systems (1985) Ltd. Declares Special Cash Dividend for Year 2025, Payable on June 4, 2026Formula Systems (1985) Ltd. announced that its board of directors has approved the distribution of a special cash dividend, based on Formula’s results for 2025, including, in particular, the completion of the acquisition of Sapiens by Advent, of $13.045 per share, or approximately $200.0 million in total. The dividend will be paid on June 4, 2026 to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on May 25, 2026. The dividend will be paid in U.S dollars both with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and its American Depositary Receipts traded on the Nasdaq Global Select Market.
お知らせ • May 02Formula Systems (1985) Ltd. announced delayed 20-F filingOn 04/30/2026, Formula Systems (1985) Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
New Risk • Apr 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.5% net profit margin).
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₪414, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 20x in the IT industry in Israel. Total returns to shareholders of 91% over the past three years.
Reported Earnings • Mar 27Full year 2025 earnings released: EPS: US$2.53 (vs US$5.21 in FY 2024)Full year 2025 results: EPS: US$2.53 (down from US$5.21 in FY 2024). Revenue: US$2.63b (down 4.7% from FY 2024). Net income: US$38.7m (down 52% from FY 2024). Profit margin: 1.5% (down from 2.9% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Feb 25Matrix IT Ltd. (TASE:MTRX) completed the acquisition of Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others.Matrix IT Ltd. (TASE:MTRX) entered into memorandum of understanding to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others for ILS 2.6 billion on March 10, 2025. The consideration consists of issue of ordinary shares of Matrix IT Ltd. in exchange for Magic Software Enterprises Ltd shares, an aggregate of 28,861,563 ordinary shares of Matrix, representing 0.5878202 Matrix ordinary shares for each one (1) Magic Software Enterprises Ltd ordinary share. Upon completion, Eligible Shareholders of Magic Software Enterprises Ltd are expected to hold, 31.125% of the issued and paid-up share capital of Matrix on a fully diluted basis, and the shareholders of Matrix are expected to hold 68.875% of the issued and paid-up share capital of Matrix on a fully diluted basis. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned of Matrix. On November 3, 2025, Magic Software Enterprises Ltd. entered into a definitive Agreement and Plan of Merger with Matrix IT Ltd. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, definitive agreement, approval by shareholders of both Matrix and Magic Software and third party approval needed. The deal has been approved by the Magic Software board. Matrix board of directors appointed an independent committee to evaluate the transaction. As of December 10, 2025, the transaction has been approved by the shareholders of Magic Software Enterprises Ltd. As of February 5, 2026, the parties have satisfied the conditions precedent to the closing of the Merger, including the receipt of the Israel Tax Authority tax ruling, except the receipt of the merger certificate from the Israeli Registrar of Companies is still pending. Value Base M&A Ltd. acted as financial advisor for Magic Software Enterprises Ltd. Gornitzky & Co. acted as legal advisor for Magic Software Enterprises Ltd. Guy Ben Ami, Steven Glusband and Melinda Fellner of Carter Ledyard & Milburn, LLP acted as legal advisor for Magic Software Enterprises Ltd. William Blair & Company, L.L.C. acted as financial advisor for Matrix IT Ltd. Jefferies LLC acted as financial advisor, KPMG acted as an accountant and Herzog Fox & Neeman acted as legal advisor for the independent committee of Matrix IT Ltd. Carter Ledyard & Milburn acted as U.S. securities counsel. Prometheus Financial Advisory acted as fairness opinion provider to Matrix IT Ltd. Matrix IT Ltd. (TASE:MTRX) completed the acquisition of Magic Software Enterprises Ltd. (NasdaqGS:MGIC) from Formula Systems (1985) Ltd. (TASE:FORTY) and others on February 24, 2026. The transaction has received the merger certificate issued by the Israeli Registrar of Companies. Upon receipt of the Merger Certificate, all Conditions Precedent to completion of the Merger were satisfied. Following the completion of the Merger, the Magic Software Enterprises Ltd.'s ordinary shares will be delisted from trading on the TASE and from NASDAQ, and the Company will be a private company wholly owned by Matrix IT Ltd.
New Risk • Feb 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₪413, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 23x in the IT industry in Israel. Total returns to shareholders of 62% over the past three years.
分析記事 • Jan 30Is Formula Systems (1985) (TLV:FORTY) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jan 04Formula Systems (1985) Ltd.'s (TLV:FORTY) Business Is Trailing The Market But Its Shares Aren'tWith a price-to-earnings (or "P/E") ratio of 34.6x Formula Systems (1985) Ltd. ( TLV:FORTY ) may be sending very...
Upcoming Dividend • Dec 23Upcoming dividend of ₪1.64 per shareEligible shareholders must have bought the stock before 30 December 2025. Payment date: 13 January 2026. Trailing yield: 1.1%. Lower than top quartile of Israeli dividend payers (5.4%). Lower than average of industry peers (2.2%).
お知らせ • Nov 22Formula Systems (1985) Ltd. Approves the Distribution of a Cash Dividend Third Quarter of 2025, Payable on January 13, 2025Formula Systems (1985) Ltd.’s board of directors approved the distribution of a cash dividend in an amount of NIS 1.64 per share (approximately $0.50 per share) and in an aggregate amount of approximately NIS 25.2 million (approximately $7.7 million) for the third quarter of 2025 . The dividend is payable on January 13, 2026, to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on December 30, 2025. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Globa l Select Market.
Reported Earnings • Nov 22Third quarter 2025 earnings released: EPS: US$0.76 (vs US$1.54 in 3Q 2024)Third quarter 2025 results: EPS: US$0.76 (down from US$1.54 in 3Q 2024). Revenue: US$696.6m (flat on 3Q 2024). Net income: US$11.6m (down 51% from 3Q 2024). Profit margin: 1.7% (down from 3.4% in 3Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
分析記事 • Oct 30Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Upcoming Dividend • Oct 08Upcoming dividend of ₪1.69 per shareEligible shareholders must have bought the stock before 15 October 2025. Payment date: 28 October 2025. Trailing yield: 1.4%. Lower than top quartile of Israeli dividend payers (5.5%). Lower than average of industry peers (2.6%).
分析記事 • Oct 03Returns At Formula Systems (1985) (TLV:FORTY) Are On The Way UpThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
分析記事 • Sep 12Some Confidence Is Lacking In Formula Systems (1985) Ltd.'s (TLV:FORTY) P/EFormula Systems (1985) Ltd.'s ( TLV:FORTY ) price-to-earnings (or "P/E") ratio of 27.5x might make it look like a...
Reported Earnings • Aug 19Second quarter 2025 earnings released: EPS: US$0.98 (vs US$1.23 in 2Q 2024)Second quarter 2025 results: EPS: US$0.98 (down from US$1.23 in 2Q 2024). Revenue: US$743.4m (up 11% from 2Q 2024). Net income: US$15.1m (down 20% from 2Q 2024). Profit margin: 2.0% (down from 2.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Aug 19Formula Systems (1985) Ltd. Approves Cash Dividend for Second Quarter of 2025, Payable on October 28, 2025Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of NIS 1.69 per share (approximately $0.50 per share) and in an aggregate amount of approximately NIS 25.9 million (approximately $7.7 million). The dividend is payable on October 28, 2025, to all of the Company's shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on October 14, 2025. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.
New Risk • Aug 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Board Change • Jul 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Itay Meroz was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 22Formula Systems (1985) Ltd. Approves Cash Dividend for First Quarter of 2025, Payable on July 22, 2025Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of NIS 1.57 per share (approximately $0.44 per share) and in an aggregate amount of approximately NIS 24.1 million (approximately $6.8 million). The dividend is payable on July 22, 2025, to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on July 7, 2025. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.
お知らせ • May 01Formula Systems (1985) Ltd. announced delayed 20-F filingOn 04/30/2025, Formula Systems (1985) Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
Upcoming Dividend • Apr 27Upcoming dividend of ₪3.45 per shareEligible shareholders must have bought the stock before 04 May 2025. Payment date: 14 May 2025. Trailing yield: 2.0%. Lower than top quartile of Israeli dividend payers (6.4%). Lower than average of industry peers (3.1%).
お知らせ • Apr 23Formula Systems (1985) Ltd., Annual General Meeting, May 27, 2025Formula Systems (1985) Ltd., Annual General Meeting, May 27, 2025. Location: terminal center, 1 yahadut canada st., or yehuda 6037501, Israel
分析記事 • Apr 13Should You Be Adding Formula Systems (1985) (TLV:FORTY) To Your Watchlist Today?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Risk • Apr 06New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
分析記事 • Mar 21Pinning Down Formula Systems (1985) Ltd.'s (TLV:FORTY) P/E Is Difficult Right NowFormula Systems (1985) Ltd.'s ( TLV:FORTY ) price-to-earnings (or "P/E") ratio of 17.9x might make it look like a sell...
Reported Earnings • Mar 20Full year 2024 earnings released: EPS: US$5.21 (vs US$4.18 in FY 2023)Full year 2024 results: EPS: US$5.21 (up from US$4.18 in FY 2023). Revenue: US$2.76b (up 5.2% from FY 2023). Net income: US$79.7m (up 25% from FY 2023). Profit margin: 2.9% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.
お知らせ • Mar 20Formula Systems (1985) Ltd Declares Cash Dividend for the Second Half Ended December 31, 2024, Payable on May 14, 2025Formula Systems (1985) Ltd.'s board of directors approved the distribution of a cash dividend in an amount of NIS 3.45 per share (approximately $0.94 per share) and in an aggregate amount of approximately NIS 52.9 million (approximately $14.4 million) for the second half ended December 31, 2024. The dividend is payable on May 14, 2025, to all of the Company's shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on April 30, 2025.
お知らせ • Mar 13Matrix IT Ltd. (TASE:MTRX) entered into MOU to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC).Matrix IT Ltd. (TASE:MTRX) entered into MOU to acquire Magic Software Enterprises Ltd. (NasdaqGS:MGIC) on March 10, 2025. The consideration consists of common equity of Matrix IT Ltd. to be issued for common equity of Magic Software Enterprises Ltd. As part of consideration, an undisclosed value is paid towards common equity of Magic Software Enterprises Ltd. Upon completion of the Merger, Matrix will acquire the entire share capital of Magic on a fully diluted basis by way of a reverse triangular merger, and Magic will become a private wholly-owned of Matrix. Magic's shareholders will receive merger consideration in Matrix shares, based on the relative valuations of both Companies presented by the Committees' financial advisors (which were adopted by the Committee, including in its capacity as Magic's Audit Committee, and by Magic’s Board of Directors) and the derived exchange ratio derived of 31.125%/68.875%. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, definitive agreement and third party approval needed. The deal has been approved by the Magic Software board. Value Base M&A Ltd. acted as financial advisor for Magic Software Enterprises Ltd. Gornitzky & Co. acted as legal advisor for Magic Software Enterprises Ltd. William Blair & Company, L.L.C acted as financial advisor for Matrix IT Ltd.
分析記事 • Feb 26Does Formula Systems (1985) (TLV:FORTY) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Dec 25Formula Systems (1985)'s (TLV:FORTY) Returns On Capital Are Heading HigherIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Reported Earnings • Nov 23Third quarter 2024 earnings released: EPS: US$1.54 (vs US$1.02 in 3Q 2023)Third quarter 2024 results: EPS: US$1.54 (up from US$1.02 in 3Q 2023). Revenue: US$699.9m (up 6.9% from 3Q 2023). Net income: US$23.6m (up 51% from 3Q 2023). Profit margin: 3.4% (up from 2.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
分析記事 • Nov 20Formula Systems (1985) Ltd.'s (TLV:FORTY) Shareholders Might Be Looking For ExitWith a price-to-earnings (or "P/E") ratio of 18.9x Formula Systems (1985) Ltd. ( TLV:FORTY ) may be sending bearish...
分析記事 • Oct 23Formula Systems (1985) (TLV:FORTY) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Upcoming Dividend • Sep 05Upcoming dividend of ₪2.32 per shareEligible shareholders must have bought the stock before 12 September 2024. Payment date: 26 September 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Israeli dividend payers (6.9%). Lower than average of industry peers (3.2%).
Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: US$1.23 (vs US$1.11 in 2Q 2023)Second quarter 2024 results: EPS: US$1.23 (up from US$1.11 in 2Q 2023). Revenue: US$667.7m (up 1.9% from 2Q 2023). Net income: US$18.8m (up 11% from 2Q 2023). Profit margin: 2.8% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Aug 20Formula Systems (1985) Ltd. Approves Cash Dividend for the Six Months Ended June 30, 2024, Payable on September 26, 2024Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of ILS 2.32 per share (approximately $0.63 per share) and in an aggregate amount of approximately ILS 35.6 million (approximately $9.6 million). The dividend is payable on September 26, 2024, to all of the Company's shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on September 12, 2024. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.
Board Change • Jul 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Itay Meroz was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 30Formula Systems (1985) Ltd. announced delayed 20-F filingOn 04/29/2024, Formula Systems (1985) Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
分析記事 • Apr 16Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Apr 05Formula Systems (1985) Ltd., Annual General Meeting, May 09, 2024Formula Systems (1985) Ltd., Annual General Meeting, May 09, 2024, at 14:00 Israel Standard Time. Location: Terminal Center, 1 Street, Or Yehuda Israel Agenda: To re-elect Mr. Marek Panek to the Company’s board of directors, or the Board, to hold office until company's next annual general meeting of shareholders and until his successor is duly elected and qualified; to re-elect Mr. Rafal Kozlowski to the Board, to hold office until company's next annual general meeting of shareholders and until his successor is duly elected and qualified; to re-elect Mr. Ohad Melnik to the Board, to hold office until company's next annual general meeting of shareholders and until his successor is duly elected and qualified; to re-elect Ms. Gabriela Żukowicz to the Board, to hold office until company's next annual general meeting of shareholders and until her successor is duly elected and qualified; and to consider other matters.
Upcoming Dividend • Mar 28Upcoming dividend of ₪2.30 per shareEligible shareholders must have bought the stock before 04 April 2024. Payment date: 18 April 2024. Trailing yield: 1.5%. Lower than top quartile of Israeli dividend payers (6.8%). Lower than average of industry peers (2.7%).
Reported Earnings • Mar 20Full year 2023 earnings released: EPS: US$4.18 (vs US$5.32 in FY 2022)Full year 2023 results: EPS: US$4.18 (down from US$5.32 in FY 2022). Revenue: US$2.62b (up 1.9% from FY 2022). Net income: US$64.0m (down 21% from FY 2022). Profit margin: 2.4% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Mar 20Formula Systems (1985) Ltd. Approves Dividend for the Second Half of 2023, Payable on April 18, 2024Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of ILS 2.30 per share (approximately $0.63 per share) and in an aggregate amount of approximately ILS 35.3 million (approximately $10.0 million). The dividend is payable on April 18, 2024, to all of the Company’s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on April 4, 2024. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.
分析記事 • Mar 17We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
分析記事 • Feb 05Formula Systems (1985) Ltd.'s (TLV:FORTY) Shares May Have Run Too Fast Too SoonWhen close to half the companies in Israel have price-to-earnings ratios (or "P/E's") below 11x, you may consider...
分析記事 • Dec 15The Return Trends At Formula Systems (1985) (TLV:FORTY) Look PromisingTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Reported Earnings • Nov 23Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$654.8m (up 4.3% from 3Q 2022). Net income: US$15.6m (down 7.6% from 3Q 2022). Profit margin: 2.4% (down from 2.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
分析記事 • Oct 11We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Aug 20Formula Systems (1985) (TLV:FORTY) Is Experiencing Growth In Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: US$1.11 (vs US$2.15 in 2Q 2022)Second quarter 2023 results: EPS: US$1.11 (down from US$2.15 in 2Q 2022). Revenue: US$655.4m (up 1.7% from 2Q 2022). Net income: US$17.0m (down 48% from 2Q 2022). Profit margin: 2.6% (down from 5.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Buying Opportunity • Jul 24Now 24% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be ₪351, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%.
Buying Opportunity • Jun 20Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be ₪353, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%.
分析記事 • Jun 13Formula Systems (1985) (TLV:FORTY) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Upcoming Dividend • May 29Upcoming dividend of ₪2.30 per share at 1.8% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Israeli dividend payers (7.2%). Lower than average of industry peers (3.2%).
お知らせ • May 24Formula Systems (1985) Ltd. Approves Dividend for the Second Half of 2022, Payable on June 22, 2023Formula Systems (1985) Ltd. announced based on the company's results, the company's board of directors approved the distribution of a cash dividend for the second half of 2022 in an amount of ILS 2.30 per share (approximately $0.63 per share) and in an aggregate amount of approximately ILS 35.3 million (approximately $9.7 million). The dividend is payable on June 22, 2023, to all of the company's shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on June 5, 2023.
Reported Earnings • May 24First quarter 2023 earnings released: EPS: US$1.03 (vs US$1.06 in 1Q 2022)First quarter 2023 results: EPS: US$1.03 (down from US$1.06 in 1Q 2022). Revenue: US$670.4m (up 3.0% from 1Q 2022). Net income: US$15.7m (down 3.4% from 1Q 2022). Profit margin: 2.3% (down from 2.5% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Board Change • May 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Tomer Jacob was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Apr 04Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: US$5.32 (vs US$3.57 in FY 2021)Full year 2022 results: EPS: US$5.32 (up from US$3.57 in FY 2021). Revenue: US$2.57b (up 7.0% from FY 2021). Net income: US$81.4m (up 49% from FY 2021). Profit margin: 3.2% (up from 2.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 14We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Feb 21With EPS Growth And More, Formula Systems (1985) (TLV:FORTY) Makes An Interesting CaseInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
分析記事 • Dec 09Formula Systems (1985) (TLV:FORTY) Shareholders Will Want The ROCE Trajectory To ContinueIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Upcoming Dividend • Nov 28Upcoming dividend of ₪2.16 per shareEligible shareholders must have bought the stock before 05 December 2022. Payment date: 20 December 2022. Trailing yield: 1.7%. Lower than top quartile of Israeli dividend payers (7.2%). Lower than average of industry peers (4.2%).
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: US$1.10 (vs US$0.87 in 3Q 2021)Third quarter 2022 results: EPS: US$1.10 (up from US$0.87 in 3Q 2021). Revenue: US$636.3m (up 8.5% from 3Q 2021). Net income: US$16.9m (up 27% from 3Q 2021). Profit margin: 2.7% (up from 2.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
分析記事 • Nov 08We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With EaseDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Oct 14Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: US$2.15 (vs US$0.87 in 2Q 2021)Second quarter 2022 results: EPS: US$2.15 (up from US$0.87 in 2Q 2021). Revenue: US$644.6m (up 9.6% from 2Q 2021). Net income: US$32.9m (up 147% from 2Q 2021). Profit margin: 5.1% (up from 2.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Ohad Melnik was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Apr 13Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Upcoming Dividend • Apr 05Upcoming dividend of ₪2.56 per shareEligible shareholders must have bought the stock before 12 April 2022. Payment date: 26 April 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Israeli dividend payers (5.5%). Lower than average of industry peers (2.4%).
Reported Earnings • Mar 17Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$3.57 (up from US$3.06 in FY 2020). Revenue: US$2.41b (up 24% from FY 2020). Net income: US$54.6m (up 17% from FY 2020). Profit margin: 2.3% (down from 2.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Feb 23Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting StockFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Board Change • Feb 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Ohad Melnik was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Jan 30We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With EaseWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Jan 10We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Nov 19Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.83 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$586.3m (up 20% from 3Q 2020). Net income: US$13.3m (up 5.2% from 3Q 2020). Profit margin: 2.3% (down from 2.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Nov 02Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
分析記事 • Oct 10These 4 Measures Indicate That Formula Systems (1985) (TLV:FORTY) Is Using Debt Reasonably WellSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Upcoming Dividend • Aug 25Upcoming dividend of ₪2.53 per shareEligible shareholders must have bought the stock before 01 September 2021. Payment date: 22 September 2021. Trailing yield: 1.6%. Lower than top quartile of Israeli dividend payers (5.3%). Lower than average of industry peers (2.2%).
分析記事 • Aug 22Formula Systems (1985) (TLV:FORTY) Is Paying Out A Larger Dividend Than Last YearFormula Systems (1985) Ltd. ( TLV:FORTY ) has announced that it will be increasing its dividend on the 22nd of...
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS US$0.87 (vs US$0.73 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$587.9m (up 35% from 2Q 2020). Net income: US$13.3m (up 19% from 2Q 2020). Profit margin: 2.3% (down from 2.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • May 01Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Apr 16Is Now The Time To Put Formula Systems (1985) (TLV:FORTY) On Your Watchlist?Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
分析記事 • Apr 01The Return Trends At Formula Systems (1985) (TLV:FORTY) Look PromisingThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Reported Earnings • Mar 18Full year 2020 earnings released: EPS US$3.06 (vs US$2.56 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.93b (up 14% from FY 2019). Net income: US$46.8m (up 21% from FY 2019). Profit margin: 2.4% (up from 2.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 17Formula Systems (1985) Ltd.'s (TLV:FORTY) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?Most readers would already be aware that Formula Systems (1985)'s (TLV:FORTY) stock increased significantly by 21% over...
分析記事 • Mar 02Does Formula Systems (1985) Ltd. (TLV:FORTY) Have A Place In Your Dividend Portfolio?Could Formula Systems (1985) Ltd. ( TLV:FORTY ) be an attractive dividend share to own for the long haul? Investors are...
分析記事 • Feb 14What Kind Of Investors Own Most Of Formula Systems (1985) Ltd. (TLV:FORTY)?A look at the shareholders of Formula Systems (1985) Ltd. ( TLV:FORTY ) can tell us which group is most powerful...
分析記事 • Jan 29Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improved over the past weekAfter last week's 15% share price gain to US$311, the stock is trading at a trailing P/E ratio of 32.6x, up from the previous P/E ratio of 28.3x. This compares to an average P/E of 29x in the IT industry in Israel. Total returns to shareholders over the past three years are 114%.
Is New 90 Day High Low • Jan 18New 90-day high: ₪292The company is up 1.0% from its price of ₪290 on 20 October 2020. The Israeli market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period.
分析記事 • Dec 30Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting StockIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
分析記事 • Dec 14We Like These Underlying Trends At Formula Systems (1985) (TLV:FORTY)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Is New 90 Day High Low • Dec 09New 90-day low: ₪255The company is down 12% from its price of ₪288 on 10 September 2020. The Israeli market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.
