FSY Stock Overview

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration. More details

FSY fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 46.9% below our estimate of its fair value

Earnings grew by 38.4% over the past year

Risk Analysis

Shares are highly illiquid

Large one-off items impacting financial results

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Formula Systems (1985) Ltd. Competitors

Kontron

XTRA:SANT

€1.2b

Nagarro

XTRA:NA9

€1.1b

Cancom

XTRA:COK

€772.8m

secunet Security Networks

XTRA:YSN

€733.6m

Price History & Performance

Summary of share price highs, lows and changes for Formula Systems (1985)
Historical stock prices
Current Share Price	₪64.00
52 Week High	₪83.50
52 Week Low	₪64.00
Beta	0.46
1 Month Change	0%
3 Month Change	0%
1 Year Change	n/a
3 Year Change	-7.25%
5 Year Change	109.90%
Change since IPO	79.79%

Recent updates

Shareholder Returns

	FSY	DE IT	DE Market
7D	0%	2.1%	2.3%
1Y	n/a	-22.2%	11.9%

Return vs Industry: Insufficient data to determine how FSY performed against the German IT industry.

Return vs Market: Insufficient data to determine how FSY performed against the German Market.

Price Volatility

Is FSY's price volatile compared to industry and market?
FSY volatility
FSY Average Weekly Movement	n/a
IT Industry Average Movement	4.9%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: FSY has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine FSY's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1985	20,333	Guy Bernstein	www.formulasystems.com

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and application and professional training courses, and advanced professional studies.

Formula Systems (1985) Ltd. Fundamentals Summary

How do Formula Systems (1985)'s earnings and revenue compare to its market cap?
FSY fundamental statistics
Market cap	€979.90m
Earnings (TTM)	€75.07m
Revenue (TTM)	€2.41b

13.1x

P/E Ratio

0.4x

P/S Ratio

Is FSY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FSY income statement (TTM)
Revenue	US$2.59b
Cost of Revenue	US$1.96b
Gross Profit	US$628.55m
Other Expenses	US$547.71m
Earnings	US$80.84m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	5.28
Gross Margin	24.25%
Net Profit Margin	3.12%
Debt/Equity Ratio	52.1%

How did FSY perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

26%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/05/24 14:55
End of Day Share Price	2023/02/24 00:00
Earnings	2023/03/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Formula Systems (1985) Ltd. is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution