This module uses fundamental data of Formula Systems to approximate its Piotroski F score. Formula Systems F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Formula Systems 1985. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Formula Systems financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Formula Systems Altman Z Score, Formula Systems Correlation, Formula Systems Valuation, as well as analyze Formula Systems Alpha and Beta and Formula Systems Hype Analysis.
Formula
Piotroski F Score
Average Assets
Earnings Before Interest Taxes and Depreciation Amortization EBITDA
Earnings Before Interest Taxes and Depreciation Amortization USD
Earnings before Tax
Average Equity
Enterprise Value
Free Cash Flow
Invested Capital
Invested Capital Average
Market Capitalization
Tangible Asset Value
Working Capital
Asset Turnover
Book Value per Share
Current Ratio
Debt to Equity Ratio
Dividend Yield
Dividends per Basic Common Share
EBITDA Margin
Earnings per Basic Share
Earnings per Diluted Share
Earnings per Basic Share USD
Enterprise Value over EBIT
Enterprise Value over EBITDA
Free Cash Flow per Share
Gross Margin
Profit Margin
Payout Ratio
Price to Book Value
Price to Earnings Ratio
Price to Sales Ratio
Return on Average Assets
Return on Average Equity
Return on Invested Capital
Return on Sales
Sales per Share
Tangible Assets Book Value per Share
Capital Expenditure
Depreciation Amortization and Accretion
Net Cash Flow or Change in Cash and Cash Equivalents
Net Cash Flow Business Acquisitions and Disposals
Issuance Repayment of Debt Securities
Payment of Dividends and Other Cash Distributions
Net Cash Flow from Financing
Net Cash Flow from Investing
Net Cash Flow Investment Acquisitions and Disposals
Net Cash Flow from Operations
Effect of Exchange Rate Changes on Cash
Share Based Compensation
Accumulated Other Comprehensive Income
Total Assets
Current Assets
Assets Non Current
Cash and Equivalents
Cash and Equivalents USD
Total Debt
Debt Current
Debt Non Current
Total Debt USD
Deferred Revenue
Shareholders Equity Attributable to Parent
Shareholders Equity USD
Goodwill and Intangible Assets
Inventory
Investments
Investments Current
Investments Non Current
Total Liabilities
Current Liabilities
Liabilities Non Current
Trade and Non Trade Payables
Property Plant and Equipment Net
Trade and Non Trade Receivables
Accumulated Retained Earnings Deficit
Tax Assets
Tax Liabilities
Consolidated Income
Cost of Revenue
Earning Before Interest and Taxes EBIT
Earning Before Interest and Taxes USD
Gross Profit
Interest Expense
Net Income
Net Income Common Stock
Net Income Common Stock USD
Net Income to Non Controlling Interests
Operating Expenses
Operating Income
Revenues
Revenues USD
Research and Development Expense
Selling General and Administrative Expense
Weighted Average Shares
Weighted Average Shares Diluted
Income Tax Expense
Probability Of Bankruptcy
At this time, Formula Systems' Debt Current is fairly stable as compared to the past year. Issuance Repayment of Debt Securities is likely to rise to about 64.2 M in 2024, whereas Total Debt is likely to drop slightly above 711.4 M in 2024. At this time, Formula Systems' Current Ratio is fairly stable as compared to the past year. Enterprise Value over EBIT is likely to rise to 10.69 in 2024, whereas Asset Turnover is likely to drop 1.07 in 2024.
At this time, it appears that Formula Systems' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
The critical factor to consider when applying the Piotroski F Score to Formula Systems is to make sure Formula is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Formula Systems' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Formula Systems' financial numbers are properly reported.
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Formula Systems' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Formula Systems in a much-optimized way.
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.
Book Value per Share
37.76
At this time, Formula Systems' Book Value per Share is fairly stable as compared to the past year.
Formula Systems Current Valuation Drivers
We derive many important indicators used in calculating different scores of Formula Systems from analyzing Formula Systems' financial statements. These drivers represent accounts that assess Formula Systems' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Formula Systems' important valuation drivers and their relationship over time.
The Macroaxis Fundamental Analysis modules help investors analyze Formula Systems 1985's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Formula Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Formula Systems 1985 based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Formula Systems Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. Formula Systems Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel. Formula Sys operates under Information Technology Services classification in the United States and is traded on NASDAQ Exchange. It employs 20333 people.
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When determining whether Formula Systems 1985 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Formula Systems' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Formula Systems 1985 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Formula Systems 1985 Stock:
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Formula Stock analysis
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.
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
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
(0.08)
Dividend Share
0.603
Earnings Share
4.07
Revenue Per Share
172.389
Quarterly Revenue Growth
0.029
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.