Formula Financial Statements From 2010 to 2023

FORTY Stock  USD 72.21  0.32  0.45%   
Formula Systems financial statements provide useful quarterly and yearly information to potential Formula Systems 1985 investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Formula Systems financial statements helps investors assess Formula Systems' valuation, profitability, and current liquidity needs.
Operating Income
276.6 M
Gross Profit
622.5 M
Profit Margin
0.0249
Net Interest Income
-19.9 M
Interest Income
5.8 M
We have found ninety-five available fundamental signals for Formula Systems 1985, which can be analyzed and compared to other ratios and to its rivals. All investors should make sure to verify all of Formula Systems 1985 prevailing market performance against the performance between 2010 and 2023 to make sure the company can sustain itself down the road. Average Assets is likely to drop to about 2.4 B in 2023. Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to drop to about 230.5 M in 2023.

Formula Systems Revenues

2.18 Billion

Check Formula Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Formula main balance sheet or income statement drivers, such as Consolidated Income of 158.8 M, Cost of Revenue of 1.7 B or Earning Before Interest and Taxes EBIT of 136.4 M, as well as many exotic indicators such as Asset Turnover of 1.0, Book Value per Share of 34.41 or Current Ratio of 1.4. Formula financial statements analysis is a perfect complement when working with Formula Systems Valuation or Volatility modules.
  
This module can also supplement various Formula Systems Technical models . Check out the analysis of Formula Systems Correlation against competitors.

Formula Systems Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities53.6 M59.5 M35.2 M
Slightly volatile
Tax Assets36.4 M42 M23.9 M
Slightly volatile
Accumulated Retained Earnings Deficit371.8 M419.4 M248 M
Slightly volatile
Trade and Non Trade Receivables613.4 M702.7 M408.8 M
Slightly volatile
Property Plant and Equipment Net185.4 M171.8 M76 M
Slightly volatile
Trade and Non Trade Payables257.4 M308.8 M158.9 M
Slightly volatile
Liabilities Non Current540.2 M616 M358.7 M
Slightly volatile
Current Liabilities826.8 MB498.2 M
Slightly volatile
Total Liabilities1.4 B1.6 B856.9 M
Slightly volatile
Investments Non Current50.2 M59.7 M39 M
Pretty Stable
Investments Current28.8 M24.7 M25.7 M
Slightly volatile
Investments74.7 M84.4 M64.4 M
Pretty Stable
Inventory38 M35.2 M11 M
Slightly volatile
Goodwill and Intangible AssetsB1.1 B721.2 M
Slightly volatile
Shareholders Equity USD516.8 M551.9 M379.1 M
Slightly volatile
Shareholders Equity Attributable to Parent516.8 M551.9 M379.1 M
Slightly volatile
Deferred Revenue120 M140.5 M76.1 M
Slightly volatile
Total Debt USD633.7 M772.1 M368.7 M
Slightly volatile
Debt Non Current417.3 M500.5 M247.9 M
Slightly volatile
Debt Current216.4 M271.7 M120.7 M
Slightly volatile
Total Debt633.7 M772.1 M368.7 M
Slightly volatile
Cash and Equivalents USD458.9 M544.3 M282.6 M
Slightly volatile
Cash and Equivalents458.9 M544.3 M282.6 M
Slightly volatile
Assets Non Current1.3 B1.4 B887.8 M
Slightly volatile
Current Assets1.2 B1.4 B757.5 M
Slightly volatile
Total Assets2.5 B2.8 B1.6 B
Slightly volatile
Accumulated Other Comprehensive Income31.7 M29.3 M8.3 M
Slightly volatile

Formula Systems Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense59.6 M55.2 M23.4 M
Slightly volatile
Weighted Average Shares Diluted16.8 M15.5 M14.9 M
Slightly volatile
Weighted Average Shares16.5 M15.3 M14.6 M
Slightly volatile
Selling General and Administrative Expense272 M318 M177.2 M
Slightly volatile
Research and Development Expense58.1 M72.1 M33.3 M
Slightly volatile
Revenues USD2.2 B2.6 B1.4 B
Slightly volatile
Revenues2.2 B2.6 B1.4 B
Slightly volatile
Operating Income298.5 M276.6 M121.5 M
Slightly volatile
Operating Expenses304.5 M345.8 M205.5 M
Slightly volatile
Net Income to Non Controlling Interests127.6 M118.3 M50.1 M
Slightly volatile
Net Income Common Stock USD68.7 M81.4 M43.4 M
Slightly volatile
Net Income Common Stock68.7 M81.4 M43.4 M
Slightly volatile
Net Income68.7 M81.4 M43.4 M
Slightly volatile
Interest Expense25.1 M27.2 M17.4 M
Slightly volatile
Gross Profit518 M622.5 M320.9 M
Slightly volatile
Earning Before Interest and Taxes USD136.4 M163.8 M83 M
Slightly volatile
Earning Before Interest and Taxes EBIT136.4 M163.8 M83 M
Slightly volatile
Cost of Revenue1.7 B1.9 B1.1 B
Slightly volatile
Consolidated Income158.8 M199.7 M90.8 M
Slightly volatile

Formula Systems Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation16.1 M15 M7.1 M
Slightly volatile
Effect of Exchange Rate Changes on Cash (35.8 M)(34.9 M)(4 M)
Slightly volatile
Net Cash Flow from Operations200.4 M239.1 M125.9 M
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(13 M)(12.7 M)2.4 M
Slightly volatile
Net Cash Flow from Financing(72.8 M)(71 M)(20.7 M)
Pretty Stable
Payment of Dividends and Other Cash Distributions (22.4 M)(21.8 M)(10.8 M)
Slightly volatile
Issuance Repayment of Debt Securities 53.3 M66.1 M28.3 M
Pretty Stable
Net Cash Flow or Change in Cash and Cash Equivalents51.1 M59 M34.2 M
Slightly volatile
Depreciation Amortization and Accretion94.1 M115.3 M55.7 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share94.1810862.7683
Slightly volatile
Sales per Share14416894.0062
Slightly volatile
Return on Sales0.0620.0640.0643
Pretty Stable
Return on Invested Capital0.170.1920.1651
Pretty Stable
Return on Average Equity0.130.1490.1165
Pretty Stable
Return on Average Assets0.02950.030.0316
Slightly volatile
Price to Sales Ratio0.510.4220.4609
Slightly volatile
Price to Earnings Ratio19.4513.3519.5194
Slightly volatile
Price to Book Value2.061.9651.6533
Slightly volatile
Payout Ratio0.350.2680.293
Slightly volatile
Profit Margin0.03340.0320.0376
Slightly volatile
Gross Margin0.260.2420.2311
Pretty Stable
Free Cash Flow per Share11.2113.3117.1298
Slightly volatile
Enterprise Value over EBITDA5.924.9635.337
Slightly volatile
Enterprise Value over EBIT9.798.08.985
Slightly volatile
Earnings per Basic Share USD4.575.312.9888
Slightly volatile
Earnings per Diluted Share4.475.212.8963
Slightly volatile
Earnings per Basic Share4.575.312.9888
Slightly volatile
EBITDA Margin0.09950.1090.1005
Very volatile
Dividends per Basic Common Share1.251.4210.7813
Slightly volatile
Dividend Yield0.01860.020.0183
Pretty Stable
Debt to Equity Ratio2.792.932.1271
Slightly volatile
Current Ratio1.41.371.5979
Slightly volatile
Book Value per Share34.4136.0825.9608
Slightly volatile
Asset Turnover1.00.9420.8794
Slightly volatile

Formula Systems Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital352.3 M370.5 M259.3 M
Slightly volatile
Tangible Asset Value1.4 B1.6 B924 M
Slightly volatile
Market CapitalizationB1.1 B691.9 M
Slightly volatile
Invested Capital Average763.8 M852.9 M515 M
Slightly volatile
Invested Capital769.5 M871.9 M511.9 M
Slightly volatile
Free Cash Flow169.8 M203.6 M105.7 M
Slightly volatile
Enterprise Value1.2 B1.4 B808 M
Slightly volatile
Average Equity509.8 M544.6 M372.9 M
Slightly volatile
Earnings before Tax111.3 M136.6 M65.6 M
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD230.5 M279.2 M138.7 M
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA230.5 M279.2 M138.7 M
Slightly volatile
Average Assets2.4 B2.7 B1.6 B
Slightly volatile

Formula Fundamental Market Drivers

Cash And Short Term Investments569.1 M

Formula Upcoming Events

16th of November 2023
Upcoming Quarterly Report
View
30th of September 2023
Next Fiscal Quarter End
View

About Formula Systems Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Formula Systems income statement, its balance sheet, and the statement of cash flows. Formula Systems investors use historical funamental indicators, such as Formula Systems's revenue or net income, to determine how well the company is positioned to perform in the future. Although Formula Systems investors may use each financial statement separately, they are all related. The changes in Formula Systems's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Formula Systems's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Formula Systems Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Formula Systems. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Deferred Revenue140.5 M120 M
Cost of Revenue1.9 B1.7 B
Revenues2.6 B2.2 B
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Formula Systems in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Formula Systems' short interest history, or implied volatility extrapolated from Formula Systems options trading.

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Check out the analysis of Formula Systems Correlation against competitors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running Formula Systems' price analysis, check to measure Formula Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Formula Systems is operating at the current time. Most of Formula Systems' value examination focuses on studying past and present price action to predict the probability of Formula Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formula Systems' price. Additionally, you may evaluate how the addition of Formula Systems to your portfolios can decrease your overall portfolio volatility.
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Is Formula Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Formula Systems. If investors know Formula will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Formula Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.48)
Earnings Share
4.14
Revenue Per Share
170.63
Quarterly Revenue Growth
0.017
Return On Assets
0.0559
The market value of Formula Systems 1985 is measured differently than its book value, which is the value of Formula that is recorded on the company's balance sheet. Investors also form their own opinion of Formula Systems' value that differs from its market value or its book value, called intrinsic value, which is Formula Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Formula Systems' market value can be influenced by many factors that don't directly affect Formula Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Formula Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formula Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formula Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.