MARKETS / NASDAQ / FORTY
NASDAQ · SERVICES-COMPUTER PROGRAMMING SERVICES · LARGE CAP

Formula Systems (1985) Ltd. FORTY

11 fiscal years on record · USD · FY2021 reported
SEC FILINGS ONLY
EPS · FY21
Dividend / sh · FY21
Payout · FY21
ROE · FY21
Net margin · FY21
Dividend coverage
10.4×
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Result
Revenue, FY2021 · full 11-year series below
Revenue Net income
0.20.40.60.80.120092012201520202021
0.20.40.60.80.12012201520202021

Per share
Diluted EPS, FY2021
EPS Dividend
24620092012201520202021
2462012201520202021

Earnings covered the dividend 10.4 times — the rest stayed in the company.

Profitability
Return on equity, FY2021
ROE
816243220092012201520202021
81624322012201520202021
Operating margin
Net margin
Return on assets

Returned to shareholders
returned in FY2021 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+6.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+0.3%
+6.4%
Net income
+22.4%
+12.7%
EPS, diluted
+44.1%
+29.7%
Dividend / share
+3.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2021
0.010.0120092012201520202021
0.010.012012201520202021
Change, 5 years+8.3%
Change, 10 years

The share count grew 8% in five years — the same company, cut into more, smaller slices.

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Balance sheet
total assets, end of FY2021

History
11 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2021
2020
2019
2018
2015
2014
2013
2012
2011
2010
2009
Revenue $B
·
·
·
·
0.8
0.6
0.8
0.7
0.6
0.5
0.5
Operating income $B
0.2
0.2
0.1
0.1
0.0
0.0
0.1
0.1
0.0
0.0
0.0
EBITDA $B
·
·
·
·
0.1
0.0
0.1
0.1
0.1
0.1
·
Income tax $B
·
·
·
·
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
Net income $B
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
EPS, diluted $
·
·
·
·
5.00
5.59
5.68
1.67
3.11
1.36
1.40
Dividend / sh $
·
·
·
·
·
0.54
0.31
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
ROE %
·
·
·
·
17.5
22.8
28.6
10.1
20.6
9.3
·
Shares out B
·
·
·
·
0.01
0.01
0.01
0.01
0.01
0.01
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
25 of 26
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 1 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed