Formula Retained Earnings
| FORTY Stock | USD 76.61 1.45 1.93% |
Formula Systems 1985 fundamentals help investors to digest information that contributes to Formula Systems' financial success or failures. It also enables traders to predict the movement of Formula Stock. The fundamental analysis module provides a way to measure Formula Systems' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Formula Systems stock.
Accumulated Retained Earnings Deficit is likely to drop to about 371.8 M in 2023. Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to drop to about 230.5 M in 2023. Formula | Retained Earnings |
Formula Retained Earnings Analysis
Formula Systems' Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
More About Retained Earnings | All Equity Analysis
| 2020 | 2021 | 2022 | 2023 (projected) | Current Assets | 1.16 B | 1.3 B | 1.37 B | 1.18 B | Total Assets | 2.52 B | 2.75 B | 2.79 B | 2.46 B |
Retained Earnings | = | Beginning RE + Income | - | Dividends |
Current Formula Systems Retained Earnings | 419.45 M |
Most of Formula Systems' fundamental indicators, such as Retained Earnings, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Formula Systems 1985 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Formula Retained Earnings Historical Pattern
Today, most investors in Formula Systems Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Formula Systems' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's retained earnings growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Formula Systems retained earnings as a starting point in their analysis.
Formula Systems Retained Earnings |
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Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
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Formula Accumulated Retained Earnings Deficit
Accumulated Retained Earnings Deficit |
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Based on the latest financial disclosure, Formula Systems 1985 has a Retained Earnings of 419.45 M. This is 98.76% lower than that of the IT Services sector and 92.28% lower than that of the Information Technology industry. The retained earnings for all United States stocks is 95.5% higher than that of the company.
Formula Retained Earnings Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Formula Systems' direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Formula Systems could also be used in its relative valuation, which is a method of valuing Formula Systems by comparing valuation metrics of similar companies.Formula Systems is currently under evaluation in retained earnings category among related companies.
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.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Average Assets | 1.62 B | 2 B | 2.26 B | 2.6 B | 2.73 B | 2.37 B | |
| Earnings Before Interest Taxes and Depreciation Amortization EBITDA | 121.25 M | 175.4 M | 203 M | 249.38 M | 279.15 M | 230.46 M | |
| Earnings Before Interest Taxes and Depreciation Amortization USD | 121.25 M | 175.4 M | 203 M | 249.38 M | 279.15 M | 230.46 M | |
| Earnings before Tax | 56.67 M | 66.02 M | 78.05 M | 97.2 M | 136.63 M | 111.25 M | |
| Average Equity | 365.59 M | 412.98 M | 449.79 M | 519.51 M | 544.64 M | 509.82 M | |
| Enterprise Value | 657.52 M | 1.25 B | 1.54 B | 2.18 B | 1.39 B | 1.24 B | |
| Free Cash Flow | 62.58 M | 165.55 M | 262.88 M | 181.19 M | 203.6 M | 169.81 M | |
| Invested Capital | 460.73 M | 763.22 M | 812.38 M | 853.7 M | 871.88 M | 769.46 M | |
| Invested Capital Average | 430.55 M | 747.13 M | 808.31 M | 846.26 M | 852.94 M | 763.85 M | |
| Market Capitalization | 525.29 M | 999.79 M | 1.31 B | 1.9 B | 1.08 B | 1.01 B | |
| Tangible Asset Value | 873.33 M | 1.2 B | 1.43 B | 1.57 B | 1.65 B | 1.42 B | |
| Working Capital | 255.57 M | 294.11 M | 380.97 M | 354.52 M | 370.51 M | 352.26 M |
Formula Fundamentals
| Return On Equity | 0.14 | |||
| Return On Asset | 0.0559 | |||
| Profit Margin | 0.0249 % | |||
| Operating Margin | 0.09 % | |||
| Current Valuation | 2.06 B | |||
| Shares Outstanding | 15.33 M | |||
| Shares Owned by Insiders | 5.93 % | |||
| Shares Owned by Institutions | 3.86 % | |||
| Number of Shares Shorted | 2.97 K | |||
| Price to Earning | 27.39 X | |||
| Price to Book | 2.11 X | |||
| Price to Sales | 0.46 X | |||
| Revenue | 2.57 B | |||
| Gross Profit | 622.47 M | |||
| EBITDA | 232.38 M | |||
| Net Income | 199.67 M | |||
| Cash and Equivalents | 451.47 M | |||
| Cash per Share | 29.52 X | |||
| Total Debt | 772.67 M | |||
| Debt to Equity | 0.57 % | |||
| Current Ratio | 1.32 X | |||
| Book Value Per Share | 37.65 X | |||
| Cash Flow from Operations | 239.14 M | |||
| Short Ratio | 10.29 X | |||
| Earnings Per Share | 4.14 X | |||
| Number of Employees | 22.06 K | |||
| Beta | 0.45 | |||
| Market Capitalization | 1.15 B | |||
| Total Asset | 2.79 B | |||
| Retained Earnings | 419.45 M | |||
| Working Capital | 370.13 M | |||
| Current Asset | 357.48 M | |||
| Current Liabilities | 211.81 M | |||
| Z Score | 2.46 | |||
| Annual Yield | 0.0168 % | |||
| Five Year Return | 1.41 % | |||
| Net Asset | 2.79 B |
About Formula Systems Fundamental Analysis
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.| Last Reported | Projected for 2023 | ||
| Accumulated Retained Earnings Deficit | 419.4 M | 371.8 M | |
| Earnings Before Interest Taxes and Depreciation Amortization EBITDA | 279.2 M | 230.5 M | |
| Earnings before Tax | 136.6 M | 111.3 M |
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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.