FORTY - Intrinsic Value and Financial Analysis - Formula Systems (1985) Ltd.

Formula Systems (1985) Ltd. FORTY

Technology - Information Technology Services - NASDAQ - IL

Watchlist

$ 80.05

-0.608 %

$ 1.23 B

Market Cap

18.53

P/E

BALANCE SHEET

2.81 B ASSETS

Growth Rates

1Year 0.64%

3Years 3.73%

5Years 11.06%

7Years 10.95%

10Years 12.34%

1.5 B LIABILITIES

Growth Rates

1Year -7.00%

3Years 2.12%

5Years 11.85%

7Years 13.12%

10Years 14.29%

626 M EQUITY

Growth Rates

1Year 13.39%

3Years 7.57%

5Years 11.24%

7Years 9.27%

10Years 6.85%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Formula Systems (1985) Ltd.

2.81 B ASSETS
1.5 B LIABILITIES

Current Assets	1.38 B
Cash & Short-Term Investments	528 M
Receivables	721 M
Other Current Assets	127 M
Non-Current Assets	1.44 B
Long-Term Investments	56.1 M
PP&E	174 M
Other Non-Current Assets	1.21 B

Current Liabilities	986 M
Accounts Payable	259 M
Short-Term Debt	263 M
Other Current Liabilities	464 M
Non-Current Liabilities	519 M
Long-Term Debt	407 M
Other Non-Current Liabilities	112 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998
ASSETS
Cash & Cash Equivalents	451.9	544.3	485.4	501.6	369.0	268.8	245.9	238.2	187.0	107.4	82.1	111.2	88.2	110.5	100.2	110.6	161.5	116.4	81.8	107.2	93.5	90.6	83.5	147.4	149.3	116.7
Short Term Investments	76.2	24.7	27.1	31.5	36.5	26.8	14.9	37.5	19.8	22.2	18.6	14.9	19.5	38.2	58.4	46.2	40.3	16.1	36.2	39.1	8.8	12.1	11.3	19.9	25.1	32.2
Receivables	721.0	725.1	696.3	519.9	486.0	441.5	404.1	329.0	280.6	228.5	209.1	221.0	180.6	154.4	141.4	163.2	139.5	138.9	112.4	114.5	93.6	67.6	111.4	150.9	143.6	103.2
Inventory	42.0	35.2	20.1	24.0	7.2	3.9	3.3	4.0	4.6	2.3	2.4	2.1	2.5	5.6	2.4	2.8	3.2	3.1	3.8	4.7	2.6	3.6	4.9	8.2	5.8	4.3
Other Current Assets	84.7	42.2	72.1	83.8	65.7	40.5	44.9	45.7	43.1	45.3	18.8	19.7	16.3	23.1	11.3	11.1	34.8	20.6	18.2	26.1	18.5	19.6	0	14 K	0	100 K
Total Current Assets	1 375.9	1 373.0	1 301.2	1 160.9	965.8	781.0	694.5	634.0	454.6	360.4	338.9	369.0	307.0	331.8	313.4	333.8	379.2	304.1	279.9	291.6	217.0	193.5	211.2	326.4	323.8	256.3
PP&E	173.6	172.3	172.7	174.0	147.2	29.2	29.6	26.1	19.8	19.9	19.3	21.5	19.2	12.4	10.0	15.2	15.8	18.5	23.5	26.5	25.8	25.0	31.6	40.8	33.0	31.1
Intangible Assets	206.9	222.7	241.9	222.3	165.3	150.0	164.0	129.8	4.9	76.0	39.6	74.9	31.5	33.1	0	0	0	60.4	0	196.9	145.7	115.2	0	0	69.1	34.9
Goodwill	936.6	926.2	932.9	872.4	724.2	640.9	617.3	497.8	162.2	373.2	227.4	326.5	166.6	166.5	145.3	143.4	119.0	159.3	200.0	0	0	0	0	0	0	0
Long Term Investments	56.1	20.6	28.9	28.5	26.4	25.7	25.3	41.3	203.2	202.9	162.1	3.4	82.5	6.0	13.2	19.5	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	63.6	39.8	23.7	22.7	21.5	22.8	16.6	14.4	70.6	73.9	76.9	72.2	53.4	60.8	229.9	84.7	87.1	46.3	120.4	126.0	140.5	134.9	206.7	186.2	27.0	23.9
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	2 812.6	2 794.7	2 747.7	2 520.0	2 088.4	1 664.5	1 561.0	1 358.7	1 218.0	1 116.1	878.6	881.0	671.8	623.8	566.4	596.6	612.6	595.5	630.1	641.0	528.9	468.6	449.4	553.3	452.9	346.2
LIABILITIES
Accounts Payable	258.6	222.5	205.8	153.3	125.2	118.8	95.3	80.1	68.1	56.6	52.6	51.9	40.3	53.2	37.1	27.3	57.1	109.2	40.6	41.6	31.3	26.8	38.1	44.2	36.1	39.5
Short Term Debt	262.9	271.7	265.8	194.0	192.3	127.0	75.6	88.0	59.3	21.4	35.6	40.1	34.6	22.6	24.7	13.6	30.5	50.0	113.4	32.4	81.9	87.8	53.3	22.4	26.6	19.5
Other Current Liabilities	326.4	506.8	335.3	303.7	260.4	279.7	203.1	190.9	128.4	90.9	122.7	98.7	88.2	102.2	98.1	149.3	73.1	19.0	89.0	193.0	71.1	62.4	74.5	71.0	65.7	40.8
Total Current Liabilities	985.7	1 002.9	944.7	779.8	671.3	526.0	410.0	359.5	255.7	231.7	219.3	223.1	179.6	178.0	159.9	190.2	160.6	178.2	243.0	267.0	184.3	177.4	165.8	137.6	128.4	99.8
Long Term Debt	407.1	500.5	447.1	474.6	411.2	254.4	269.4	171.1	161.3	109.1	63.9	66.4	51.6	35.0	43.9	72.6	95.6	103.4	16.8	27.1	51.0	33.7	8.1	0	7.9	5.0
Deferred Tax Income	59.2	59.0	78.1	68.4	50.9	35.2	36.2	30.9	29.2	27.0	8.2	8.0	4.8	2.7	2.2	4.5	3.3	0.5	1.3	1.0	0.9	0.9	0	0	0	0
Other Liabilities	47.6	47.2	78.2	72.1	50.0	39.5	42.5	64.8	102.7	98.5	107.7	113.7	67.0	8.3	2.6	2.1	46.8	45.0	96.8	62.7	48.4	31.1	8.8	23.2	12.1	4.8
Total Liabilities	1 504.4	1 617.7	1 567.9	1 412.5	1 192.1	859.3	788.1	634.8	546.7	467.3	395.6	412.5	305.5	289.4	271.1	319.3	306.3	327.1	358.0	357.7	284.7	243.1	182.7	160.8	148.3	109.6
EQUITY
Common Stock	4.4	4.3	4.3	4.3	4.3	4.2	4.2	4.2	4.2	4.2	4.2	3.9	3.9	3.8	3.7	3.7	3.7	3.7	3.7	3.2	3.2	3.1	3.9	4.0	3.9	3.8
Retained Earnings	475.2	419.4	358.3	324.4	285.1	262.6	239.5	234.3	318.7	250.0	186.8	115.8	91.7	58.4	60.0	41.0	69.2	32.2	49.2	99.2	91.1	87.9	80.0	152.8	109.7	62.6
Other Accumulative Comprehensive Income/Loss	(11.0)	(17.0)	25.5	25.5	11.7	3.1	18.1	(2.4)	(1.6)	(1.3)	(0.8)	(7.1)	(12.3)	(0.6)	(7.1)	(7.1)	(6.9)	(14.9)	(21.7)	(14.9)	(17.3)	(23.7)	3.5	(1.6)	38 K	1.1
Total Equity	1 308.2	1 177.0	1 179.8	1 107.5	896.3	805.1	772.9	723.8	671.3	648.8	482.9	468.5	366.3	334.4	402.6	277.4	306.3	268.4	272.1	283.4	244.3	225.5	266.7	392.5	304.6	236.6
Total Liabilities and Equity	2 812.6	2 794.7	2 747.7	2 520.0	2 088.4	1 664.5	1 561.0	1 358.7	1 218.0	1 116.1	878.6	881.0	671.8	623.8	566.4	596.6	612.6	595.5	630.1	641.0	528.9	468.6	449.4	553.3	452.9	346.2
SHARES OUTSTANDING
Common Shares Outstanding	15.3	15.3	15.3	15.3	15.2	15.1	14.4	14.2	14.1	13.9	13.8	13.6	13.5	13.4	13.2	13.2	13.2	13.2	12.8	10.8	10.0	10.2	9.3	9.3	9.4	8.5

Balance Sheet

Premium Plan

Unlimited Plan