Formula Systems (1985) Ltd. (FORTY) news stock charts
Formula Systems (1985) Ltd. (FORTY) Investment Summary:
Both our legal name and our commercial name is Formula Systems (1985) Ltd. We were incorporated in Israel on April 2, 1985. We maintain our principal executive offices at 3 Abba Eban Boulevard, Herzlia 46725, Israel and our telephone number is 011-972-9-959-8800. Our agent in the United States is Corporation Service Company and its address is 2711 Centerville Road, Suite 400, Wilmington, DE 19808. In 1991, we completed our initial public offering of ordinary shares on the Tel Aviv Stock Exchange, or the TASE. In October 1997, we completed the listing of our ADSs on the NASDAQ National Market. 20 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Since our inception, we have acquired controlling interest and have invested in companies which are engaged in the IT solutions and services business. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f06%2f29%2f0001178913-07-001305.html#FIS_COMPANY_INFORMATION"FORMULA SYSTEMS 1985-SP ADR (FORTY:NASDAQ)
Snapshot of FORMULA SYSTEMS 1985-SP ADR (FORTY)
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OPEN
$13.76
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PREVIOUS CLOSE
$13.65
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DAY HIGH
$13.94
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DAY LOW
$12.72
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52 WEEK HIGH
03/18/10 - $14.10
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52 WEEK LOW
03/24/09 - $4.06
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MARKET CAP
176.4M
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AVERAGE VOLUME 10 D
7.9K
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EPS TTM
--
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SHARES OUTSTANDING
13.2M
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EX-DATE
01/8/09
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
Key developments for FORMULA SYSTEMS 1985-SP ADR (FORTY)
Formula Systems (1985) Ltd. will be removed from the TA-100 Index, effective January 04, 2010.
Formula Systems (1985) Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's net income attributable to the company was $3,932,000 or $0.29 per diluted share compared to $2,879,000 or $0.22 per diluted share a year ago. Revenues were $117,793,000 compared with $127,840,000 a year ago. Operating income was $9,608,000 compared with $9,769,000 a year ago. Income before taxes on income was $8,603,000 compared with $5,051,000 a year ago. Net income attributable to the company from continuing operation was $3,678,000 or $0.27 per diluted share compared to $2,174,000 or $0.16 per diluted share a year ago. For the nine months, the company's net income attributable to the company was $11,070,000 or $0.81 per diluted share compared to $10,161,000 or $0.76 per diluted share a year ago. Revenues were $345,677,000 compared with $373,463,000 a year ago. Operating income was $25,883,000 compared with $24,715,000 a year ago. Income before taxes on income was $26,995,000 compared with $18,794,000 a year ago. Net income attributable to the company from continuing operation was $10,476,000 or $0.77 per diluted share compared to $8,976,000 or $0.67 per diluted share a year ago.
Formula Systems Ltd. reported on November 18 that third-quarter net income rose 37% on 7.9% lower revenue. Net income reached $3.9 million, or 27 cents a share, from $2.9 million, or 16 cents, in the year-earlier quarter. Revenue slipped to $117.8 million from $127.8 million. Because "the vast majority of Formula's revenues are generated in shekels," revenue fell as the Israeli currency strengthened against the U.S. dollar, Formula said. Chief Executive Guy Bernstein said in a statement that Formula "is positioned well to seize interesting merger-and-acquisition opportunities compatible with our strategy and current portfolio of companies."
Formula Systems (1985) Ltd. financial resources
FORTY Competitors
| Company | Last | Change |
| CA Inc | $23.45 USD | -0.06 |
| Informatica Corp | $27.54 USD | -0.14 |
| Innovation Group PLC | 12.50 GBp | 0.00 |
| Malam - Team Ltd | 10,630 ILS | -360.00 |
| Software AG | €90.20 EUR | -2.02 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | FORTY | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 32.2x |
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| Price/Book | 61.9x |
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| Price/Cash Flow | 1,420.9x |
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| TEV/Sales | 31.8x |
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FORTY |
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FORTY transactions
| Type Date |
Target |
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Merger/Acquisition
October 22, 2009 |
nextSource Inc. |
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