Formula Systems (1985) Management
Management criteria checks 2/4
Formula Systems (1985)'s CEO is Guy Bernstein, appointed in Jan 2008, has a tenure of 15.33 years. total yearly compensation is $11.18M, comprised of 5.2% salary and 94.8% bonuses, including company stock and options. directly owns 11.74% of the company’s shares, worth €115.02M. The average tenure of the management team and the board of directors is 11.5 years and 1 years respectively.
Key information
Guy Bernstein
Chief executive officer
US$11.2m
Total compensation
| CEO salary percentage | 5.2% |
| CEO tenure | 15.3yrs |
| CEO ownership | 11.7% |
| Management average tenure | 11.5yrs |
| Board average tenure | 1yr |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | US$81m |
| Dec 31 2022 | US$11m | US$578k | US$81m |
| Sep 30 2022 | n/a | n/a | US$82m |
| Jun 30 2022 | n/a | n/a | US$78m |
| Mar 31 2022 | n/a | n/a | US$58m |
| Dec 31 2021 | US$10m | US$605k | US$55m |
| Sep 30 2021 | n/a | n/a | US$51m |
| Jun 30 2021 | n/a | n/a | US$50m |
| Mar 31 2021 | n/a | n/a | US$48m |
| Dec 31 2020 | US$2m | US$508k | US$47m |
| Sep 30 2020 | n/a | n/a | US$45m |
| Jun 30 2020 | n/a | n/a | US$42m |
| Mar 31 2020 | n/a | n/a | US$40m |
| Dec 31 2019 | US$512k | US$512k | US$39m |
| Sep 30 2019 | n/a | n/a | US$40m |
| Jun 30 2019 | n/a | n/a | US$37m |
| Mar 31 2019 | n/a | n/a | US$35m |
| Dec 31 2018 | US$517k | US$517k | US$32m |
| Sep 30 2018 | n/a | n/a | US$26m |
| Jun 30 2018 | n/a | n/a | US$24m |
| Mar 31 2018 | n/a | n/a | US$17m |
| Dec 31 2017 | US$508k | US$508k | US$10m |
| Sep 30 2017 | n/a | n/a | US$12m |
| Jun 30 2017 | n/a | n/a | US$12m |
| Mar 31 2017 | n/a | n/a | US$19m |
| Dec 31 2016 | US$472k | US$472k | US$22m |
Compensation vs Market: Guy's total compensation ($USD11.18M) is above average for companies of similar size in the German market ($USD1.19M).
Compensation vs Earnings: Guy's compensation has been consistent with company performance over the past year.
CEO
Guy Bernstein (54 yo)
15.3yrs
Tenure
US$11,175,000
Compensation
Mr. Guy Bernstein is the Chief Executive Officer of Magic Software Enterprises Ltd. since April 2010 and has been its Director since January 01, 2007. Mr. Bernstein served as a member of our board of direc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 15.3yrs | US$11.18m | 11.74% € 115.0m | |
| Chief Financial Officer | 11.5yrs | US$1.03m | 0.21% € 2.0m | |
| Chief Operational Officer | 6.7yrs | US$306.00k | 0.065% € 639.7k |
11.5yrs
Average Tenure
44yo
Average Age
Experienced Management: FSY's management team is seasoned and experienced (11.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 12.5yrs | US$41.40k | no data | |
| Director | 10.8yrs | US$41.40k | no data | |
| Director | less than a year | US$9.95k | no data | |
| Independent Director | 4.3yrs | US$51.80k | no data | |
| Director | less than a year | US$9.95k | no data | |
| Independent External Director | 1yr | US$58.45k | no data | |
| Independent External Director | 1yr | US$39.65k | no data |
1.0yrs
Average Tenure
50yo
Average Age
Experienced Board: FSY's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/05/24 20:59 |
| 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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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 |
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