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Formula Systems (1985) Ltd. (FORTY)

Technology | Information Technology Services | Or Yehuda, Israel | NasdaqGS
111.03 USD

Short-term:★⯪☆☆☆Long-term:★★★★⯪Dividends:★★★★⯪
Hot Take | July 11, 2026, 4:20 a.m. EDT

The immediate outlook is clouded by severe technical weakness and a lack of institutional interest. Despite a recent bounce off the lows, the stock remains significantly below its 50-day and 200-day moving averages, indicating persistent downward pressure in the medium term. Trading volume is abysmal, barely registering against the average, which suggests a lack of liquidity and active participation. The statistical forecast model offers no directional bias, reflecting the noise inherent in such a thin market. However, looking past the short-term technicals reveals a fundamentally robust business. The company has demonstrated exceptional long-term performance, delivering a massive cumulative gain over the last nine years with no recent consecutive years of decline. Fundamentals are strong, boasting nearly 23% profit margins, solid revenue growth, and a healthy balance sheet. The market appears to be ignoring these strengths, likely due to the illiquidity and the ADR structure, creating a significant disconnect between the asset's intrinsic value and its current price. This divergence presents a compelling case for a long-term hold, provided the investor can tolerate the volatility and low liquidity of the near term.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.060366
AutoTheta0.067579
AutoETS0.068863
AutoARIMA0.092115

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 40%
H-stat 2.43
Ljung-Box p 0.000
Jarque-Bera p 0.407
Excess Kurtosis -0.63
Attribute Value
Sector Technology
Ex Dividend Date 2026-05-21
Last Dividend Date 2026-05-21
Debt to Equity Ratio 37.361
Revenue per Share 179.361
Market Cap 1,702,608,000
Trailing P/E 29.22
Beta 0.18
Profit Margins 22.68%
Website https://www.formulasystems.com

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
9.38% 9.68% 4.23% 3.20%
Dividend History
Date Dividend Yield %
2026-05-22 13.045 9.381517
2025-12-30 0.502 0.300563
2025-07-07 0.445 0.329727
2025-04-30 0.941 1.069926
2024-09-12 0.624 0.811443
2024-04-03 0.638 0.785521
2023-06-02 0.621 0.915929
2022-12-02 0.630 0.796058
2022-04-11 0.791 0.809373
2021-08-31 0.781 0.801683
2021-02-17 0.664 0.739339
2020-09-02 0.521 0.560396
2019-12-23 0.459 0.672626
2019-09-11 0.520 0.842515
2018-12-28 0.340 0.953984
2018-06-07 0.340 0.875161
2017-10-16 0.340 0.815348
2016-12-28 0.480 1.185185
2016-07-11 0.340 1.037851
2016-01-15 0.340 1.392872
2015-07-16 0.340 1.158433
2015-01-14 0.535 2.399103
2014-07-10 0.480 1.720430
2014-01-15 0.310 1.131387
2013-06-28 0.370 1.701149
2011-05-26 0.710 3.962054
2010-04-01 1.470 10.500000
2009-01-08 2.270 38.936536
2008-04-07 0.749 5.661376
2006-12-18 1.432 11.257861
2005-05-16 4.020 26.746507
2001-08-27 0.555 3.126761
Additional Data
dividendRate 2.48
dividendYield 2.23
exDividendDate 2026-05-22
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 13.045
lastDividendDate 2026-05-22
dividendDate 2026-06-15

Info Dump

Attribute Value
52 Week Change -0.16800302
Address1 Terminal Center
Address2 1 Yahadut Canada Street
All Time High 190.56
All Time Low 3.46
Ask 0.0
Ask Size 0
Average Daily Volume10 Day 460
Average Daily Volume3 Month 426
Average Volume 426
Average Volume10Days 460
Beta 0.18
Bid 103.55
Bid Size 1
Book Value 90.416
City Or Yehuda
Compensation As Of Epoch Date 1,735,603,200
Country Israel
Crypto Tradeable 0
Currency USD
Current Price 111.03
Current Ratio 1.683
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 111.03
Day Low 111.03
Debt To Equity 37.361
Display Name Formula Systems (1985)
Dividend Date 1,781,481,600
Dividend Rate 2.48
Dividend Yield 2.23
Earnings Growth 0.828
Earnings Quarterly Growth 0.845
Earnings Timestamp 1,779,971,400
Earnings Timestamp End 1,787,229,000
Earnings Timestamp Start 1,787,229,000
Ebitda 304,252,000
Ebitda Margins 0.1108
Enterprise To Ebitda 5.385
Enterprise To Revenue 0.597
Enterprise Value 1,638,376,960
Eps Trailing Twelve Months 3.8
Esg Populated 0
Ex Dividend Date 1,779,408,000
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 972 3 538 9333
Fifty Day Average 126.508
Fifty Day Average Change -15.478004
Fifty Day Average Change Percent -0.122348025
Fifty Two Week Change Percent -16.800303
Fifty Two Week High 190.56
Fifty Two Week High Change -79.53
Fifty Two Week High Change Percent -0.41734886
Fifty Two Week Low 102.01
Fifty Two Week Low Change 9.019997
Fifty Two Week Low Change Percent 0.08842267
Fifty Two Week Range 102.01 - 190.56
Financial Currency USD
First Trade Date Milliseconds 877,354,200,000
Five Year Avg Dividend Yield 1.47
Float Shares 9,528,288
Full Exchange Name NasdaqGS
Full Time Employees 19,337
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.19846001
Gross Profits 544,969,024
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.05614
Implied Shares Outstanding 15,334,667
Industry Information Technology Services
Industry Disp Information Technology Services
Industry Key information-technology-services
Ir Website http://www.formulasystems.com/quotes-traded-business-units
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,779,408,000
Last Dividend Value 13.045
Last Fiscal Year End 1,767,139,200
Long Business Summary Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology company in Israel and internationally. The company offers software consulting services; IT solutions and software systems; proprietary software solutions; and IT professional services, including implementation and integration projects of computing and software, outsourcing, software project management and development, IT managed services, operation of a network of training and instruction centers, sale of software and hardware products, and software testing and QA. It also provides cloud and computing infrastructure; packaged software solutions, such as Clicks for medical record information management systems, Hermes Cargo for managing air cargo ground handling, HR Pulse for the creation of HCM solutions, MBS solution for managing TV broadcast channels, Nativ for managing rehabilitation centers, and Mobisale for consumer goods sale and distribution; and product-related services comprising maintenance, customer support, and training. In addition, the company offers software solutions and services for payroll processing, pension administration, workforce management, and human resources, as well as financial processes, accounting workflows, and business operations; employees to vendor management systems workforce management program accounts; and digital advertising and e-commerce platforms, as well as digital services, which include search engine marketing and optimization, website design, management of social media, online business cards, and big data. Further, it is involved in aerial and satellite mapping, geographic data collection and processing, and geographic applications; installation of computer communication infrastructures, announcement and alarm systems, and electronic security systems; and planning and deployment of fiber optics, structured cabling, and coaxial and telephony systems. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
Long Name Formula Systems (1985) Ltd.
Market us_market
Market Cap 1,702,608,000
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_386267
Most Recent Quarter 1,774,915,200
Net Income To Common 60,405,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,738,400,653
Open 110.72
Operating Margins 0.11107001
Payout Ratio 0.65269995
Peg Ratio 4.07
Phone 972 3 538 9305
Previous Close 111.03
Price Hint 2
Price To Book 1.2279906
Price To Sales Trailing12 Months 0.6200262
Profit Margins 0.22680001
Quick Ratio 1.569
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0
Regular Market Change Percent 0.0
Regular Market Day High 111.03
Regular Market Day Low 111.03
Regular Market Day Range 111.03 - 111.03
Regular Market Open 110.72
Regular Market Previous Close 111.03
Regular Market Price 111.03
Regular Market Time 1,783,540,800
Regular Market Volume 48
Return On Equity 0.086789995
Revenue Growth 0.192
Revenue Per Share 179.361
Sand P52 Week Change 0.20847368
Sector Technology
Sector Disp Technology
Sector Key technology
Shares Outstanding 15,334,667
Shares Percent Shares Out 0.0
Shares Short 323
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 412
Short Name Formula Systems (1985) Ltd.
Short Percent Of Float 0.0
Short Ratio 0.79
Source Interval 15
Symbol FORTY
Total Cash 1,182,904,960
Total Cash Per Share 77.228
Total Debt 681,480,000
Total Revenue 2,746,025,984
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 3.8
Trailing P E 29.218422
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 140.4149
Two Hundred Day Average Change -29.384903
Two Hundred Day Average Change Percent -0.20927197
Type Disp Equity
Volume 48
Website https://www.formulasystems.com
Zip 6,037,501