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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.83
FORTY's Cash to Debt is ranked lower than
78% of the 1781 Companies
in the Global Information Technology Services industry.

( Industry Median: 20.60 vs. FORTY: 0.83 )
Ranked among companies with meaningful Cash to Debt only.
FORTY' s 10-Year Cash to Debt Range
Min: 0.57  Med: 1.73 Max: N/A
Current: 0.83
Equity to Asset 0.35
FORTY's Equity to Asset is ranked lower than
82% of the 1579 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.61 vs. FORTY: 0.35 )
Ranked among companies with meaningful Equity to Asset only.
FORTY' s 10-Year Equity to Asset Range
Min: 0.26  Med: 0.33 Max: 0.53
Current: 0.35
0.26
0.53
Interest Coverage 4.04
FORTY's Interest Coverage is ranked lower than
91% of the 1164 Companies
in the Global Information Technology Services industry.

( Industry Median: 10000.00 vs. FORTY: 4.04 )
Ranked among companies with meaningful Interest Coverage only.
FORTY' s 10-Year Interest Coverage Range
Min: 0.56  Med: 5.20 Max: 9999.99
Current: 4.04
0.56
9999.99
F-Score: 2
Z-Score: 1.22
WACC vs ROIC
8.41%
7.54%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 6.52
FORTY's Operating margin (%) is ranked higher than
56% of the 1748 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.11 vs. FORTY: 6.52 )
Ranked among companies with meaningful Operating margin (%) only.
FORTY' s 10-Year Operating margin (%) Range
Min: -14.78  Med: 5.52 Max: 9.85
Current: 6.52
-14.78
9.85
Net-margin (%) 4.15
FORTY's Net-margin (%) is ranked higher than
54% of the 1748 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.20 vs. FORTY: 4.15 )
Ranked among companies with meaningful Net-margin (%) only.
FORTY' s 10-Year Net-margin (%) Range
Min: -15.44  Med: 3.34 Max: 13.77
Current: 4.15
-15.44
13.77
ROE (%) 7.54
FORTY's ROE (%) is ranked higher than
54% of the 1703 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.27 vs. FORTY: 7.54 )
Ranked among companies with meaningful ROE (%) only.
FORTY' s 10-Year ROE (%) Range
Min: -29.7  Med: 9.95 Max: 28.99
Current: 7.54
-29.7
28.99
ROA (%) 2.88
FORTY's ROA (%) is ranked lower than
52% of the 1788 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.29 vs. FORTY: 2.88 )
Ranked among companies with meaningful ROA (%) only.
FORTY' s 10-Year ROA (%) Range
Min: -11.94  Med: 3.10 Max: 11.56
Current: 2.88
-11.94
11.56
ROC (Joel Greenblatt) (%) 74.05
FORTY's ROC (Joel Greenblatt) (%) is ranked higher than
69% of the 1761 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.35 vs. FORTY: 74.05 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FORTY' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -95.43  Med: 77.98 Max: 227.76
Current: 74.05
-95.43
227.76
Revenue Growth (3Y)(%) -2.00
FORTY's Revenue Growth (3Y)(%) is ranked lower than
70% of the 1315 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.30 vs. FORTY: -2.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FORTY' s 10-Year Revenue Growth (3Y)(%) Range
Min: -8  Med: 2.05 Max: 16
Current: -2
-8
16
EBITDA Growth (3Y)(%) -10.80
FORTY's EBITDA Growth (3Y)(%) is ranked lower than
74% of the 1053 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.80 vs. FORTY: -10.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FORTY' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -61.9  Med: 7.05 Max: 87.7
Current: -10.8
-61.9
87.7
EPS Growth (3Y)(%) 21.30
FORTY's EPS Growth (3Y)(%) is ranked higher than
70% of the 975 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.70 vs. FORTY: 21.30 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
FORTY' s 10-Year EPS Growth (3Y)(%) Range
Min: -80.8  Med: 20.00 Max: 81.7
Current: 21.3
-80.8
81.7
» FORTY's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

FORTY Guru Trades in Q3 2014

Jim Simons 72,000 sh (+1.12%)
» More
Q4 2014

FORTY Guru Trades in Q4 2014

Jim Simons 68,800 sh (-4.44%)
» More
Q1 2015

FORTY Guru Trades in Q1 2015

Jim Simons 43,300 sh (-37.06%)
» More
Q2 2015

FORTY Guru Trades in Q2 2015

Jim Simons 26,400 sh (-39.03%)
» More
» Details

Insider Trades

Latest Guru Trades with FORTY

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
P/E(ttm) 14.93
FORTY's P/E(ttm) is ranked higher than
73% of the 1109 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.00 vs. FORTY: 14.93 )
Ranked among companies with meaningful P/E(ttm) only.
FORTY' s 10-Year P/E(ttm) Range
Min: 2.33  Med: 9.19 Max: 187.72
Current: 14.93
2.33
187.72
PE(NRI) 14.90
FORTY's PE(NRI) is ranked higher than
73% of the 1101 Companies
in the Global Information Technology Services industry.

( Industry Median: 23.80 vs. FORTY: 14.90 )
Ranked among companies with meaningful PE(NRI) only.
FORTY' s 10-Year PE(NRI) Range
Min: 2.32  Med: 11.59 Max: 42.33
Current: 14.9
2.32
42.33
P/B 1.11
FORTY's P/B is ranked higher than
82% of the 1572 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.63 vs. FORTY: 1.11 )
Ranked among companies with meaningful P/B only.
FORTY' s 10-Year P/B Range
Min: 0.19  Med: 0.94 Max: 1.43
Current: 1.11
0.19
1.43
P/S 0.62
FORTY's P/S is ranked higher than
80% of the 1715 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.00 vs. FORTY: 0.62 )
Ranked among companies with meaningful P/S only.
FORTY' s 10-Year P/S Range
Min: 0.11  Med: 0.35 Max: 0.69
Current: 0.62
0.11
0.69
EV-to-EBIT 14.86
FORTY's EV-to-EBIT is ranked higher than
54% of the 1149 Companies
in the Global Information Technology Services industry.

( Industry Median: 16.13 vs. FORTY: 14.86 )
Ranked among companies with meaningful EV-to-EBIT only.
FORTY' s 10-Year EV-to-EBIT Range
Min: -0.2  Med: 7.60 Max: 60.4
Current: 14.86
-0.2
60.4
Shiller P/E 9.07
FORTY's Shiller P/E is ranked higher than
91% of the 699 Companies
in the Global Information Technology Services industry.

( Industry Median: 28.94 vs. FORTY: 9.07 )
Ranked among companies with meaningful Shiller P/E only.
FORTY' s 10-Year Shiller P/E Range
Min: 3.74  Med: 9.97 Max: 120.83
Current: 9.07
3.74
120.83
Current Ratio 1.45
FORTY's Current Ratio is ranked lower than
69% of the 1625 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.07 vs. FORTY: 1.45 )
Ranked among companies with meaningful Current Ratio only.
FORTY' s 10-Year Current Ratio Range
Min: 1.01  Med: 1.72 Max: 3.29
Current: 1.45
1.01
3.29
Quick Ratio 1.43
FORTY's Quick Ratio is ranked lower than
66% of the 1625 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.92 vs. FORTY: 1.43 )
Ranked among companies with meaningful Quick Ratio only.
FORTY' s 10-Year Quick Ratio Range
Min: 0.99  Med: 1.70 Max: 3.24
Current: 1.43
0.99
3.24
Days Inventory 1.87
FORTY's Days Inventory is ranked higher than
86% of the 1028 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.89 vs. FORTY: 1.87 )
Ranked among companies with meaningful Days Inventory only.
FORTY' s 10-Year Days Inventory Range
Min: 1.38  Med: 3.61 Max: 10.42
Current: 1.87
1.38
10.42
Days Sales Outstanding 115.08
FORTY's Days Sales Outstanding is ranked lower than
79% of the 1511 Companies
in the Global Information Technology Services industry.

( Industry Median: 69.32 vs. FORTY: 115.08 )
Ranked among companies with meaningful Days Sales Outstanding only.
FORTY' s 10-Year Days Sales Outstanding Range
Min: 84.21  Med: 102.50 Max: 156.24
Current: 115.08
84.21
156.24

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.13
FORTY's Dividend Yield is ranked higher than
75% of the 1264 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.77 vs. FORTY: 1.13 )
Ranked among companies with meaningful Dividend Yield only.
FORTY' s 10-Year Dividend Yield Range
Min: 1.04  Med: 5.78 Max: 48.54
Current: 1.13
1.04
48.54
Dividend Payout 0.44
FORTY's Dividend Payout is ranked lower than
57% of the 766 Companies
in the Global Information Technology Services industry.

( Industry Median: 9999.00 vs. FORTY: 0.44 )
Ranked among companies with meaningful Dividend Payout only.
FORTY' s 10-Year Dividend Payout Range
Min: 0.07  Med: 1.56 Max: 6.91
Current: 0.44
0.07
6.91
Dividend growth (3y) -2.90
FORTY's Dividend growth (3y) is ranked lower than
64% of the 439 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.10 vs. FORTY: -2.90 )
Ranked among companies with meaningful Dividend growth (3y) only.
FORTY' s 10-Year Dividend growth (3y) Range
Min: 0  Med: 0.00 Max: 6.1
Current: -2.9
0
6.1
Yield on cost (5-Year) 1.13
FORTY's Yield on cost (5-Year) is ranked higher than
67% of the 1295 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.02 vs. FORTY: 1.13 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FORTY' s 10-Year Yield on cost (5-Year) Range
Min: 1.04  Med: 5.78 Max: 48.54
Current: 1.13
1.04
48.54
Share Buyback Rate -1.80
FORTY's Share Buyback Rate is ranked higher than
53% of the 1149 Companies
in the Global Information Technology Services industry.

( Industry Median: -2.20 vs. FORTY: -1.80 )
Ranked among companies with meaningful Share Buyback Rate only.
FORTY' s 10-Year Share Buyback Rate Range
Min: -0.6  Med: -2.25 Max: -8.9
Current: -1.8

Valuation & Return

vs
industry
vs
history
Price/Projected FCF 2.02
FORTY's Price/Projected FCF is ranked lower than
274% of the 823 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.66 vs. FORTY: 2.02 )
Ranked among companies with meaningful Price/Projected FCF only.
FORTY' s 10-Year Price/Projected FCF Range
Min: 0.68  Med: 3.20 Max: 37.15
Current: 2.02
0.68
37.15
Price/Median PS Value 1.76
FORTY's Price/Median PS Value is ranked lower than
78% of the 1520 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.11 vs. FORTY: 1.76 )
Ranked among companies with meaningful Price/Median PS Value only.
FORTY' s 10-Year Price/Median PS Value Range
Min: 0.37  Med: 1.07 Max: 4.66
Current: 1.76
0.37
4.66
Earnings Yield (Greenblatt) (%) 6.72
FORTY's Earnings Yield (Greenblatt) (%) is ranked higher than
69% of the 1711 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.80 vs. FORTY: 6.72 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FORTY' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 1.7  Med: 13.10 Max: 14045.6
Current: 6.72
1.7
14045.6
Forward Rate of Return (Yacktman) (%) -3.68
FORTY's Forward Rate of Return (Yacktman) (%) is ranked lower than
78% of the 694 Companies
in the Global Information Technology Services industry.

( Industry Median: 10.48 vs. FORTY: -3.68 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FORTY' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -3.7  Med: 1.30 Max: 16.1
Current: -3.68
-3.7
16.1

Business Description

Industry: Application Software » Information Technology Services
Compare:ACN, INFY, CTSH, IT, CIOXY » details
Traded in other countries:FORM.Israel, FSY.Germany,
Formula Systems (1985) Ltd was incorporated in Israel on April 2, 1985. The Company is an IT solutions and services holdings company that is mainly engaged through its directly held subsidiaries and affiliates in providing proprietary and non-proprietary software solutions and services, software product marketing and support, computer infrastructure and integration solutions and learning and integration. The Company delivers its solutions in over 50 countries to customers with complex IT service needs. Its business activity includes: IT Services and Proprietary Software Solutions. IT Services; the Company designs and implements IT solutions which improve the productivity of its customers' existing IT assets. The Company provides IT services across the full system development life cycle, including definition of business requirements, developing customized software, implementing software and modifying it based on the customer's needs, system analysis, technical specifications, coding, testing, training, implementation and maintenance. Proprietary Software Solutions, the Company designs, develops and markets proprietary software solutions for sale in selected niche markets. The Company conducts sales and marketing efforts mainly through division or product managers as well as through channel-network of ISVs, system integrators, value-added distributors and resellers, and OEM and consulting partners. Its competitors include: Ness Technologies Inc., Team-Malam, One-1, Taldor Computer Systems, IBM Israel, HP Israel, Aman, the Elad Group, and Yael.

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