Formula Stock Today

Stocks . USA . 
Stock . Formula Systems 1985
FORTY Stock  USD 68.45  1.34  1.92%   

Market Performance

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Odds Of Distress

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Formula Systems is trading at 68.45 as of the 1st of June 2023; that is -1.92 percent decrease since the beginning of the trading day. The stock's open price was 69.79. Formula Systems has a very small chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Formula Systems 1985 are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of December 2022 and ending today, the 1st of June 2023. Click here to learn more.
CUSIP
346414105
Fiscal Year End
December
Business Domain
Software & Services
IPO Date
21st of October 1997
Category
Technology
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. The company has 15.33 M outstanding shares of which 1.01 K shares are currently shorted by private and institutional investors with about 2.57 days to cover all short positions. More on Formula Systems 1985

Moving together with Formula Stock

+0.65DMRCDigimarc Downward RallyPairCorr

Moving against Formula Stock

-0.56CTMCastellum Fiscal Quarter End 30th of June 2023 PairCorr
-0.51EXLSExlService Holdings Fiscal Quarter End 30th of June 2023 PairCorr
-0.5GGenpact Limited Fiscal Quarter End 30th of June 2023 PairCorr
-0.45EPAMEPAM Systems Fiscal Quarter End 30th of June 2023 PairCorr

Formula Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Formula Systems' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Formula Systems or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chief Executive officerGuy Bernstein
Thematic IdeaIsrael Wall Street (view all)
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Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Formula Systems 1985 based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Formula Systems 1985 financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
StrongDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted16.8 M15.5 M
Significantly Up
Slightly volatile
Weighted Average Shares16.5 M15.3 M
Significantly Up
Slightly volatile
Return on Average Assets0.02950.03
Fairly Down
Slightly volatile
Net Cash Flow from Operations200.4 M239.1 M
Fairly Down
Slightly volatile
Current Liabilities826.8 M1 B
Significantly Down
Slightly volatile
Total Liabilities1.4 B1.6 B
Fairly Down
Slightly volatile
Gross Margin0.260.242
Notably Up
Pretty Stable
Total Debt633.7 M772.1 M
Significantly Down
Slightly volatile
Asset Turnover1.00.942
Notably Up
Slightly volatile
Current Assets1.2 B1.4 B
Fairly Down
Slightly volatile
Total Assets2.5 B2.8 B
Fairly Down
Slightly volatile
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Formula Systems' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Financial Strength
Formula Systems' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Formula Systems' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Formula Systems' financial leverage. It provides some insight into what part of Formula Systems' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Formula Systems' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Formula Systems deploys its capital and how much of that capital is borrowed.
Liquidity
Formula Systems cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 421.51 M in total debt with debt to equity ratio (D/E) of 0.57, which is about average as compared to similar companies. Formula Systems 1985 has a current ratio of 1.29, suggesting that it is not liquid enough and may have problems paying out its financial obligations in time and when they become due. Debt can assist Formula Systems until it has trouble settling it off, either with new capital or with free cash flow. So, Formula Systems' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Formula Systems 1985 sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Formula to invest in growth at high rates of return. When we think about Formula Systems' use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

200.42 Million
Formula Systems 1985 (FORTY) is traded on NASDAQ Exchange in USA. It is located in Yahadut Canada 1 Street, Or Yehuda, Israel, 6037501 and employs 22,059 people. Formula Systems is listed under IT Consulting & Other Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.07 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Formula Systems's market, we take the total number of its shares issued and multiply it by Formula Systems's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Formula Systems 1985 classifies itself under IT Services sector and is part of Information Technology industry. The entity has 15.33 M outstanding shares of which 1.01 K shares are currently shorted by private and institutional investors with about 2.57 days to cover all short positions. Formula Systems 1985 has accumulated about 451.47 M in cash with 239.14 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 29.52.
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Ownership
Formula Systems 1985 retains a total of 15.33 Million outstanding shares. Formula Systems 1985 shows 5.938 percent if its outstanding shares held by insiders and 5.938 percent owned by other corporate entities . Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation

Check Formula Ownership Details

Formula Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Formula Systems jumping above the current price in 90 days from now is about 31.92%. The Formula Systems 1985 probability density function shows the probability of Formula Systems stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Formula Systems 1985 has a beta of -0.1432. This usually indicates as returns on benchmark increase, returns on holding Formula Systems are expected to decrease at a much lower rate. During the bear market, however, Formula Systems 1985 is likely to outperform the market. Additionally, the company has an alpha of 0.0565, implying that it can generate a 0.0565 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 68.45HorizonTargetOdds Above 68.45
67.88%90 days
 68.45 
31.92%
Based on a normal probability distribution, the odds of Formula Systems to move above the current price in 90 days from now is about 31.92 (This Formula Systems 1985 probability density function shows the probability of Formula Stock to fall within a particular range of prices over 90 days) .

Formula Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Formula Systems that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Formula Systems' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Formula Systems' value.
InstituionLast TransactionTypeSharesValue
Jane Street Group Llc2022-12-31Common Shares13.4 K946.5 K
Altshuler Shaham Ltd2023-03-31Common Shares13.4 K880.2 K
Ghp Investment Advisors Inc2023-03-31Common Shares7 K456.9 K
Tfg Advisers Llc2023-03-31Common Shares6.9 K450.4 K
Dimensional Fund Advisors Lp2023-03-31Common Shares4.3 K282.8 K
Naples Global Advisors Llc2022-09-30Common Shares2.8 K231 K
Morgan Stanley2023-03-31Common Shares2.9 K191.7 K
Blackrock Inc2023-03-31Common Shares1 K67.5 K
Bank Of America Corp2023-03-31Common Shares100065.6 K
Ubs Group Ag2023-03-31Common Shares62040.7 K
Fmr Llc2023-03-31Common Shares22114.5 K
View Formula Systems Diagnostics

Formula Systems Historical Income Statement

Formula Systems 1985 Income Statement is one of the three primary financial statements used for reporting Formula's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Formula Systems 1985 revenue and expense. Formula Systems Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Formula Systems Net Income to Non Controlling Interests is fairly stable at the moment as compared to the past year. Formula Systems reported Net Income to Non Controlling Interests of 118.27 Million in 2022. Operating Income is likely to rise to about 298.5 M in 2023, whereas Consolidated Income is likely to drop slightly above 158.8 M in 2023. View More Fundamentals
Consolidated Income  Earning Before Interest and Taxes EBIT  Net Income  

Formula Stock Against Markets

Picking the right benchmark for Formula Systems stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Formula Systems stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Formula Systems is critical whether you are bullish or bearish towards Formula Systems 1985 at a given time. Please also check how Formula Systems' historical prices are related to one of the top price index indicators.
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Be your own money manager

Our tools can tell you how much better you can do entering a position in Formula Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Formula Systems Corporate Directors

Formula Systems corporate directors refer to members of a Formula Systems board of directors. The board of directors generally takes responsibility for the Formula Systems' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Formula Systems' board members must vote for the resolution. The Formula Systems board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Formula Stock?

Before investing in Formula Systems, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Formula Systems. To buy Formula Systems stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Formula Systems. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Formula Systems stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Formula Systems 1985 stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Formula Systems 1985 stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Formula Systems 1985, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Formula Stock please use our How to Invest in Formula Systems guide.

Already Invested in Formula Systems 1985?

The danger of trading Formula Systems 1985 is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Formula Systems is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Formula Systems. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Formula Systems 1985 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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.
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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
(0.023) 
Earnings Share
5.18
Revenue Per Share
168.172
Quarterly Revenue Growth
(0.036) 
Return On Assets
0.0524
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.
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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. Check out Investing Opportunities to better understand how to build diversified portfolios.
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