Formula Systems (1985) Ltd ADR

FORTYTechnology·Information Technology Services·Israel·Small·NASD·Nov 11 • 3:51 PM ET

120.00-7.28 (-5.72%)

2026-11-11 22:33 CET

Market cap

1,951.80 USD m

Revenue, TTM

2,944.86 USD m

Net income, TTM

634.87 USD m

Free cash flow, TTM

- USD m

EPS diluted, TTM

40.08

P/E

2.99

Compare

Price

FORTY against its 20, 50 and 200-day averages

2050200

30.8% under the 52-week high of 173.35 on 24 Dec 2025. 52-week low 75.07 on 7 Apr 2025. Last 15 sessions, 17.8% high to low

Volume 0.26× normal · the line is the 50-bar volume average

Profile

FORTY

52-week range, 27% of the way up

100.32173.35

Formula Systems (1985) Ltd. engages in the provision of software solutions and information technology professional services. It operates through the following segments: Matrix , Sapiens, Magic Software, Insync, Michpal, ZAP Group, and Other. The company was founded on April 2, 1985 and is headquartered in Or Yehuda, Israel.

IPO	Oct 20, 1997
Beta	1.25
ATR, 14d	5.51
Rel volume	0.26
Short float	0.01%
Insider own	6.40%
Inst own	5.21%

Snapshot

6 groups

Valuation

Index	-
Market Cap	1.84B
Enterprise Value	2.10B
Income	634.87M
Sales	2.94B
Book/sh	78.65
Cash/sh	56.39
Dividend Est.	-
Dividend TTM	2.10 (1.75%)
Dividend Ex-Date	Sep 22, 2026
Dividend Gr. 3/5Y	5.94% 5.21%
Payout	57.74%
Employees	-
IPO	Oct 20, 1997

Ratios

P/E	2.99
Forward P/E	-
PEG	-
P/S	0.62
P/B	1.53
P/C	2.13
P/FCF	-
EV/EBITDA	-
EV/Sales	0.71
Quick Ratio	1.44
Current Ratio	1.48
Debt/Eq	0.56
LT Debt/Eq	0.28
Option/Short	No / Yes

Earnings

EPS (ttm)	40.08
EPS next Y	-
EPS next Q	-
EPS this Y	-
EPS next Y	-
EPS next 5Y	-
EPS past 3/5Y	-29.54% -9.66%
Sales past 3/5Y	1.10% 6.34%
EPS Y/Y TTM	708.67%
Sales Y/Y TTM	1.23%
EPS Q/Q	54.08%
Sales Q/Q	4.81%
Earnings	Aug 25 BMO
EPS/Sales Surpr.	- -

Ownership

Insider Own	6.40%
Insider Trans	0.00%
Inst Own	5.21%
Inst Trans	-
ROA	2.02%
ROE	7.02%
ROIC	41.19%
Gross Margin	19.84%
Oper. Margin	7.66%
Profit Margin	21.56%
SMA20	1.32%
SMA50	4.88%
SMA200	2.10%
Trades	-

Technical

Shs Outstand	15.33M
Shs Float	14.35M
Short Float	0.01%
Short Ratio	1.45
Short Interest	0.00M
52W High	173.35 -30.78%
52W Low	100.32 19.61%
Volatility	6.14% 2.71%
ATR (14)	5.51
RSI (14)	51.30
Beta	1.25
Rel Volume	0.26
Avg Volume	1.46K
Volume	376

Performance

Perf Week	0.66%
Perf Month	7.62%
Perf Quarter	9.84%
Perf Half Y	-5.03%
Perf YTD	-21.02%
Perf Year	-10.87%
Perf 3Y	122.63%
Perf 5Y	8.40%
Perf 10Y	239.10%
Recom	-
Target Price	-
Prev Close	127.28
Price	120.00
Change %	-5.72%

Peers

Mkt cap

Ticker	Company	Mkt cap
GLOB	Globant SA	2.00B
DXC	DXC Technology Co	2.37B
EPAM	EPAM Systems Inc	8.31B
GIB	CGI Inc	16.59B
CTSH	Cognizant Technology Solutions Corp	28.80B
GDYN	Grid Dynamics Holdings Inc	1.11B
ACN	Accenture plc	149.92B
INFY	Infosys Ltd ADR	49.92B
WIT	Wipro Ltd ADR	21.37B
DAVA	Endava plc ADR	66.98M

Ticker

Company

Mkt cap

GLOB

Globant SA

2.00B

DXC

DXC Technology Co

2.37B

EPAM

EPAM Systems Inc

8.31B

GIB

CGI Inc

16.59B

CTSH

Cognizant Technology Solutions Corp

28.80B

GDYN

Grid Dynamics Holdings Inc

1.11B

ACN

Accenture plc

149.92B

INFY

Infosys Ltd ADR

49.92B

WIT

Wipro Ltd ADR

21.37B

DAVA

Endava plc ADR

66.98M

Held by

AUM

Ticker	Company	AUM
DFIC	Dimensional International Core Equity 2 ETF	AUM: 15.45B
DFSI	Dimensional International Sustainability Core 1 ETF	AUM: 1.19B
DIHP	Dimensional International High Profitability ETF	AUM: 6.60B

Ticker

Company

AUM

DFIC

Dimensional International Core Equity 2 ETF

AUM: 15.45B

DFSI

Dimensional International Sustainability Core 1 ETF

AUM: 1.19B

DIHP

Dimensional International High Profitability ETF

AUM: 6.60B

News

latest 14 of 158

Aug-25-26 07:40AMFormula Systems Reports Second Quarter and First Half 2026 Financial Results (GlobeNewswire)
May-28-26 08:16AMFormula Systems Reports First Quarter 2026 Financial Results (GlobeNewswire)
May-14-26 08:50AMFormula Systems Declares a Special Cash Dividend of $200 Million, or $13.045 Per Share, for Year 2025 (GlobeNewswire)
Mar-26-26 08:36AMFormula Systems Reports Fourth Quarter and Full Year 2025 Financial Results (GlobeNewswire)
Nov-20-25 08:19AMFormula Systems Reports Third Quarter and Nine-Months Period Ended September 30, 2025 Financial Results (GlobeNewswire)
Oct-12-25 02:13PMFormula Systems Posted Record Q2 in 2025 (Insider Monkey)
Aug-19-25 07:18AMFormula Systems Reports Second Quarter and First Half 2025 Financial Results (GlobeNewswire)
Aug-13-25 02:57AMAdvent to acquire Sapiens for $2.5 billion in all-cash deal (Investing.com) +11.25%
Jul-21-25 07:32AMJeffs Brands Appoints Accomplished Capital Markets and Experience M&A Professional as Chief Executive Officer (GlobeNewswire)
May-22-25 09:47AMFormula Systems Reports First Quarter 2025 Financial Results (GlobeNewswire) -6.45%
May-19-25 03:52AMFormula Systems Files Annual Report on Form 20-F for the Year Ended December 31, 2024 (GlobeNewswire)
Mar-20-25 08:39AMFormula Systems Reports Fourth Quarter and Full Year 2024 Financial Results (GlobeNewswire)
Nov-21-24 07:54AMFormula Systems Reports Financial Results for the Third Quarter and First Nine Months Period Ended September 30, 2024 (GlobeNewswire)
Aug-20-24 12:52PMFORTY Stock Earnings: Formula Sys (1985) Reported Results for Q2 2024 (InvestorPlace)

Key figures

Revenue, TTM	2,944.86
Net income, TTM	634.87
EPS diluted, TTM	40.08
EBIT, TTM	225.45
Free cash flow, TTM	-
Gross margin	19.84%
Operating margin	7.66%
Net margin	21.56%
Market cap	1,951.80
P/E	2.99
Sales Y/Y, TTM	1.23%

USD millions. TTM from the statement feed.

Quarterly earnings

actual against estimate

Period	Reported	EPS act	EPS est	EPS rep	Sales act	Sales est	Analysts
No quarterly earnings.

Period

Reported

EPS act

EPS est

EPS rep

Sales act

Sales est

Analysts

No quarterly earnings.

Annual earnings

Period	EPS act	EPS est	EPS rep	Sales act	Sales est
2012FY	2.310	-	1.720	744.73	-

Period

EPS act

EPS est

EPS rep

Sales act

Sales est

2012FY

2.310

1.720

744.73

Estimate revisions

last 14 periods

Period	Type	Date	Estimates	Up	Down	Mean	Low	High
No estimate revisions.

Period

Type

Date

Estimates

Down

Mean

Low

High

No estimate revisions.

Estimate history

Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
EPS, annual	0.69	2.137	2.45	3.027	3.506	5.191	4.111	5.119	1.798	40.0754
EPS, quarterly	1.195	1.515	1.29	1.224	0.97	1.085	35.251	2.244	1.495
Period	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Sales, annual	1365.661	1488.137	1706.619	1947.488	2406.04	2562.292	2614.149	2228.963	2647.965	2944.86
Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Sales, quarterly	665.077	702.01	697.004	750.761	759.34	699.896	712.801	736.284	795.875
Period	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Shares, annual	14.739	14.75	15.294	15.294	15.294	15.318	15.333	14.764	14.764	15.335
Period	2017	2018	2019	2020	2021	2022	2023	2024	2025	MRQ
Shares, quarterly	15.333	15.333	15.333	15.333	15.333	15.333	14.764	14.764	15.335
Period	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26

Income statement, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY
Total Revenue	2,944.86	2,647.96	2,228.96	2,614.15	2,562.29	2,406.04	1,947.49	1,706.62	1,488.14
Cost of Goods Sold Incl. D&A	2,360.74	2,196.58	1,828.82	1,972.10	1,942.26	1,841.79	1,496.92	1,319.32	1,155.91
Gross Profit	584.12	451.39	400.14	642.05	620.03	564.25	450.57	387.30	332.23
Selling, General and Administrative Excl. Other	358.67	262.75	221.34	403.30	388.56	356.09	278.73	248.36	222.97
Research and Development	21.29	20.18	18.16	77.77	71.85	65.90	52.97	46.84	41.09
Other Operating Expense	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income	225.45	188.64	178.81	238.75	231.47	208.16	171.84	138.94	109.26
Interest Expense	42.46	30.67	26.39	38.27	24.84	26.47	25.89	21.45	14.70
Unusual Expense	0.00	0.00	0.00	3.76	2.27	3.54	0.00	0.00	0.00
Net Income Before Taxes	208.86	147.55	159.62	210.49	255.71	184.14	144.76	120.22	101.00
Income Taxes	48.39	40.78	38.96	45.96	55.02	42.64	31.49	27.29	24.22
Consolidated Net Income	163.01	110.45	122.75	165.30	198.89	142.00	114.82	94.73	77.14
Net Income From Continuing Operations	67.66	36.80	48.77	63.85	81.07	54.62	47.10	38.95	32.26
Net Income	634.87	28.39	80.05	63.85	81.07	54.62	47.10	38.95	32.26
EPS (Recurring)	40.07	1.80	5.12	4.28	5.29	3.67	3.03	2.45	2.14
EPS (Basic, Before Extraordinaries)	41.47	1.85	5.23	4.17	5.30	3.57	3.08	2.56	2.19
EPS (Diluted)	40.08	1.80	5.12	4.11	5.19	3.51	3.03	2.45	2.14
EBITDA	-	342.36	294.85	360.27	346.33	330.43	268.02	226.15	157.84
Non-Operating Income (Expense)	25.87	-10.42	7.20	13.76	51.34	5.99	-1.19	2.74	6.43
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock Option Compensation Expense	-	24.17	12.51	14.30	11.47	11.38	6.09	2.99	3.02
Price To Earnings Ratio	3.07	3.07	16.45	14.28	12.09	31.59	25.42	24.26	14.84
Price To Sales Ratio	0.55	1.03	0.60	0.38	0.43	0.79	0.67	0.63	0.39
Gross Margin	19.84	17.05	17.95	24.56	24.20	23.45	23.14	22.69	22.33
Operating Margin	7.66	7.12	8.02	9.13	9.03	8.65	8.82	8.14	7.34
Net Margin	21.56	1.07	3.59	2.44	3.16	2.27	2.42	2.28	2.17
Shares Outstanding	15.33	14.76	14.76	15.33	15.32	15.29	15.29	15.29	14.75
Market Capitalization	1,951.80	1,951.80	1,241.40	910.96	987.83	1,724.84	1,189.59	949.45	477.91

Income statement, quarterly

Currency USD, millions
Metric	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3
Total Revenue	795.87	736.28	712.80	699.90	759.34	750.76	697.00	702.01
Cost of Goods Sold Incl. D&A	634.72	590.64	571.81	563.55	569.86	570.99	515.09	528.60
Gross Profit	161.15	145.64	140.99	136.34	189.48	179.77	181.91	173.41
Selling, General and Administrative Excl. Other	88.12	80.60	108.42	81.53	120.13	109.59	107.62	109.40
Research and Development	5.85	5.15	5.32	4.96	24.33	20.98	22.28	21.04
Other Operating Expense	-	0.00	-	0.00	0.00	0.00	-	-
Operating Income	73.03	65.04	32.57	54.81	69.35	70.18	74.29	64.01
Interest Expense	5.73	4.16	23.68	8.89	10.45	5.51	6.96	5.83
Unusual Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income Before Taxes	67.15	77.62	18.17	45.92	58.90	64.67	65.48	65.41
Income Taxes	14.31	15.34	6.75	12.00	14.74	15.37	15.82	13.90
Consolidated Net Income	52.46	62.58	13.12	34.85	44.38	50.12	51.46	51.84
Net Income From Continuing Operations	23.67	35.54	4.38	4.08	15.38	19.22	20.21	23.69
Net Income	23.67	35.54	558.25	17.41	15.38	19.22	20.21	23.69
EPS (Recurring)	1.50	2.24	35.25	1.09	0.97	1.22	1.29	1.51
EPS (Basic, Before Extraordinaries)	1.55	2.32	36.46	1.14	1.00	1.25	1.32	1.55
EPS (Diluted)	1.50	2.24	35.25	1.09	0.97	1.22	1.29	1.51
Non-Operating Income (Expense)	-0.15	16.74	9.28	0.00	0.00	0.00	-1.85	7.23
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price To Earnings Ratio	3.07	2.52	32.24	24.93	21.74	15.63	16.45	16.55
Price To Sales Ratio	0.55	0.60	0.93	0.76	0.69	0.49	0.49	0.46
Gross Margin	20.25	19.78	19.78	19.48	24.95	23.94	26.10	24.70
Operating Margin	9.18	8.83	4.57	7.83	9.13	9.35	10.66	9.12
Net Margin	2.97	4.83	78.32	2.49	2.02	2.56	2.90	3.37
Shares Outstanding	15.33	14.76	14.76	15.33	15.33	15.33	15.33	15.33
Market Capitalization	1,951.80	1,538.22	2,329.65	1,956.53	1,781.90	1,247.68	1,241.40	1,115.87

Balance sheet, annual

Currency USD, millions
Metric	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY	2017FY
Cash & Short Term Investments	1,280.47	563.20	528.17	569.06	512.46	533.18	405.15	295.28	260.82
Short Term Receivables	803.86	838.23	756.40	721.35	717.85	556.55	514.32	456.77	404.09
Inventories	30.25	30.73	42.01	35.18	21.22	23.99	8.64	3.88	29.90
Other Current Assets	51.20	54.89	49.28	45.92	50.60	47.16	37.39	25.16	26.60
Total Current Assets	2,165.78	1,487.04	1,375.86	1,371.52	1,302.14	1,160.87	965.51	781.09	694.81
Net Property, Plant & Equipment	193.07	208.02	173.58	171.81	172.72	173.59	147.19	29.18	29.81
Total Investments and Advances	377.35	68.76	48.23	38.47	28.90	28.31	26.02	25.71	25.32
Long-Term Note Receivable	0.10	7.92	7.83	5.38	-	-	-	3.93	0.95
Intangible Assets	793.85	1,192.16	1,143.52	1,148.90	1,174.81	1,094.69	889.47	791.22	781.26
Deferred Tax Assets	26.91	33.85	46.86	42.03	46.36	39.75	38.87	14.21	15.88
Other Assets	26.12	17.15	16.74	15.88	23.68	22.87	22.21	23.12	15.63
Total Assets	3,583.20	3,014.90	2,812.62	2,793.99	2,748.60	2,520.09	2,089.26	1,664.54	1,563.65
Short Term Debt Incl. Current Port. of LT Debt	296.42	272.51	262.92	271.68	265.81	193.96	192.33	127.00	75.65
Accounts Payable	368.31	296.21	258.65	222.48	205.84	153.32	125.16	118.79	95.34
Other Current Liabilities	665.58	569.75	464.09	506.84	475.96	432.62	353.90	279.74	261.97
Total Current Liabilities	1,330.31	1,138.48	985.67	1,001.00	947.61	779.91	671.39	525.53	432.95
Long Term Debt	294.77	370.41	407.07	500.48	447.11	474.58	411.16	254.43	269.36
Provision for Risks Charges	5.55	10.24	10.43	9.12	12.64	15.12	11.64	8.88	9.03
Deferred Tax Liabilities	83.42	42.89	59.21	59.47	78.14	68.37	53.85	34.82	36.61
Other Liabilities	91.38	63.53	42.05	46.99	83.31	73.57	44.88	35.49	42.78
Total Liabilities	1,805.43	1,625.55	1,504.42	1,617.05	1,568.80	1,411.54	1,192.93	859.15	790.72
Non-Equity Reserves	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Equity	1,353.24	679.34	625.77	551.88	540.97	503.20	421.64	367.63	359.21
Total Shareholders Equity	1,353.24	679.34	625.77	551.88	540.97	503.20	421.64	367.63	359.21
Accumulated Minority Interest	424.53	710.01	682.43	625.05	638.84	605.34	474.69	437.76	413.72
Total Equity	1,777.77	1,389.34	1,308.19	1,176.94	1,179.80	1,108.55	896.34	805.39	772.93
Total Liabilities & Stockholders Equity	3,583.20	3,014.90	2,812.62	2,793.99	2,748.60	2,520.09	2,089.26	1,664.54	1,563.65
Book Value Per Share	91.66	46.01	40.81	36.03	35.37	32.90	27.57	24.92	24.37
Tangible Book Value Per Share	37.89	-34.73	-33.77	-38.98	-41.44	-38.67	-30.59	-28.72	-28.64
Price to Book Ratio	1.62	1.88	1.56	1.80	3.19	2.36	2.25	1.30	1.55
Return on Assets	1.12	1.67	2.28	2.93	2.07	2.04	2.08	2.00	0.71
Return on Equity	3.62	7.47	10.84	14.84	10.46	10.19	9.87	8.88	3.00
Return on Invested Capital	1.72	7.63	6.18	7.70	5.53	4.82	4.68	5.19	1.66
Quick Ratio	1.61	1.28	1.35	1.34	1.35	1.46	1.43	1.48	1.54
Current Ratio	1.63	1.31	1.40	1.37	1.37	1.49	1.44	1.49	1.60

Cash flow, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY	2023FY	2022FY	2021FY	2020FY	2019FY	2018FY
Net Income	-	674.37	194.71	165.30	198.89	142.00	114.82	94.73	77.14
Depreciation	-	153.72	116.04	121.52	114.86	122.27	96.18	87.21	48.58
Deferred Taxes & Investment Tax Credit	-	-8.33	-12.47	-8.32	-18.07	-8.00	-6.39	-13.20	-5.72
Other Funds (Non Cash)	-	-534.74	6.71	15.14	-36.18	21.54	15.70	6.30	-0.67
Funds from Operations	-	285.03	305.00	293.64	259.49	277.81	220.30	175.04	119.32
Extraordinary Item	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	-	106.10	21.15	0.64	-21.24	-69.10	71.68	21.67	-37.00
Cash from Operating Activities	-	391.13	326.15	294.28	238.25	208.71	291.98	196.72	82.33
Capital Expenditures	-	-28.11	-29.09	-31.92	-39.16	-31.08	-29.01	-36.70	-20.56
Net Assets From Acquisitions	-	-168.32	-66.61	-52.69	-70.63	-81.48	-169.91	-60.13	-51.04
Sale of Fixed Assets and Businesses	-	682.60	0.79	1.04	43.39	2.28	0.70	1.67	0.44
Purchase or Sale of Investments	-	59.22	14.59	-52.37	-12.67	4.14	5.25	-11.55	-13.22
Purchase of Investments	-	-0.55	-15.59	-53.07	-15.01	-0.50	-23.27	-23.14	-17.24
Sale Or Maturity of Investments	-	59.77	30.18	0.70	2.34	4.64	28.52	11.59	4.01
Other Uses	-	-6.15	-6.17	-18.83	-13.55	-8.80	-15.88	-9.35	-8.26
Other Sources	-	0.00	0.00	0.00	0.00	0.30	0.00	0.00	0.36
Cash from Investing Activities	-	539.25	-86.49	-154.77	-92.63	-114.62	-208.85	-116.07	-92.29
Cash Dividends Paid	-	-28.88	-18.90	-9.90	-21.69	-22.10	-15.04	-13.01	-5.00
Preferred Dividends (Cash Flow)	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Capital Stock	-	84.32	0.10	4.82	-0.09	2.08	114.84	0.96	26.52
Repurchase of Common Pref Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Sale of Common Pref Stock	-	84.32	0.10	4.82	-0.09	2.08	114.84	0.96	26.52
Proceedsfrom Stock Options	-	84.32	0.00	0.00	-0.09	0.00	109.50	0.00	25.32
Issuance or Reduction of Debt, Net	-	-101.72	-39.91	-97.42	115.96	18.05	12.64	98.60	55.64
Change in Long Term Debt	-	-109.61	-35.24	-87.92	123.25	-18.23	42.47	49.29	76.32
Issuance of Long Term Debt	-	101.01	130.96	55.42	263.69	113.08	152.43	156.00	128.42
Reduction of Long Term Debt	-	-210.61	-166.20	-143.35	-140.45	-131.31	-109.96	-106.70	-52.10
Net Financing Active Other Cash Flow	-	-100.97	-69.03	-69.30	-96.79	-63.86	-41.26	-38.40	-34.21
Other Financing Activities Uses	-	-100.97	-69.03	-69.30	-96.79	-63.86	-41.26	-38.40	-34.21
Cash from Financing Activities	-	-202.07	-178.06	-226.73	-52.13	-109.94	37.35	13.54	42.96
Exchange Rate Effect	-	50.14	-5.48	-4.94	-34.77	-0.42	13.43	6.32	-10.53
Net Change in Cash	-	778.45	56.12	-92.16	58.72	-16.27	133.92	100.50	22.47
Free Cash Flow	-	374.82	309.63	277.64	216.27	191.34	275.21	174.26	70.74
Price to Free Cash Flow	-	7.85	4.63	3.74	5.65	11.28	5.03	6.69	8.73

Balance sheet, quarterly

Currency USD, millions
Metric	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1
Cash & Short Term Investments	864.53	1,182.92	1,280.47	432.08	406.17	526.80
Short Term Receivables	947.33	844.57	803.86	784.10	883.22	831.12
Inventories	51.79	36.30	30.25	26.27	48.10	27.77
Other Current Assets	104.18	110.70	51.20	818.41	109.61	96.89
Total Current Assets	1,967.82	2,174.49	2,165.78	2,060.86	1,447.10	1,482.59
Net Property, Plant & Equipment	213.71	199.30	193.07	193.69	226.18	203.70
Total Investments and Advances	371.25	369.88	377.35	89.59	101.02	97.80
Intangible Assets	871.10	819.14	793.85	956.58	1,382.84	1,225.84
Deferred Tax Assets	29.07	26.97	26.91	26.55	39.57	35.63
Other Assets	53.00	48.41	26.12	0.00	0.00	0.00
Total Assets	3,505.95	3,638.19	3,583.20	3,327.28	3,196.71	3,045.55
Short Term Debt Incl. Current Port. of LT Debt	335.28	362.85	296.42	290.76	301.45	282.31
Accounts Payable	371.66	367.13	368.31	285.48	287.72	283.90
Other Current Liabilities	626.46	561.92	665.58	714.05	604.10	613.88
Total Current Liabilities	1,333.40	1,291.90	1,330.31	1,290.29	1,193.26	1,180.08
Long Term Debt	335.31	318.64	294.77	347.94	382.43	344.64
Provision for Risks Charges	5.48	6.49	5.55	5.71	12.80	10.44
Deferred Tax Liabilities	87.87	88.14	83.42	39.72	51.42	45.33
Other Liabilities	87.86	108.95	91.38	66.24	94.24	87.77
Total Liabilities	1,849.92	1,814.11	1,805.43	1,749.90	1,734.16	1,668.27
Non-Equity Reserves	0.00	0.00	0.00	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	0.00	0.00	0.00	0.00
Common Equity	1,206.08	1,384.93	1,353.24	777.69	722.93	681.03
Total Shareholders Equity	1,206.08	1,384.93	1,353.24	777.69	722.93	681.03
Accumulated Minority Interest	449.95	439.15	424.53	799.68	739.62	696.25
Total Equity	1,656.04	1,824.08	1,777.77	1,577.37	1,462.55	1,377.28
Total Liabilities & Stockholders Equity	3,505.95	3,638.19	3,583.20	3,327.28	3,196.71	3,045.55
Book Value Per Share	78.65	93.80	91.66	50.72	47.15	44.42
Tangible Book Value Per Share	21.84	38.32	37.89	-11.67	-43.04	-35.53
Price to Book Ratio	1.62	1.98	3.00	2.71	2.62	1.89
Return on Assets	2.02	1.78	1.30	1.91	2.66	2.80
Return on Equity	7.02	5.75	4.24	8.19	11.48	12.48
Return on Invested Capital	1.54	2.09	33.87	1.55	1.39	1.87
Quick Ratio	1.44	1.66	1.61	1.58	1.17	1.23
Current Ratio	1.48	1.68	1.63	1.60	1.21	1.26

Cash flow, quarterly

Currency USD, millions
Metric	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1

Revenue breakdown

Adjustments	2024: -87.07M
Magic Software	2024: 549.99M
Matrix	2024: 1.50B
Michpal	2024: 42.96M
Other	2024: 170.32M
Sapiens	2024: 542.38M
Total Services-Computer Programming Services revenue	2025: 2.63B
ZAPGroup	2024: 38.07M
Africa	2024: 26.94M
Europe	2024: 336.29M
Israel	2024: 1.75B 2025: 2.63B
Japan	2024: 13.68M
United States	2024: 612.20M
ZIMBABWE	2024: 23.29M

Short interest

shares short against float, oldest to newest

Settlement	Of float	Shares short	Float	Avg volume
2026-10-30	0.01%	0.0M	14.4M	1.34K
2026-10-15	0.01%	0.0M	14.4M	1.21K
2026-09-30	0.00%	0.0M	14.4M	1.11K
2026-09-15	0.00%	0.0M	14.4M	657
2026-08-31	0.00%	0.0M	14.4M	679
2026-08-14	0.00%	0.0M	14.4M	732
2026-07-31	0.00%	0.0M	14.4M	783
2026-07-15	0.00%	0.0M	14.4M	705
2026-06-30	0.00%	0.0M	14.4M	713
2026-06-15	0.00%	0.0M	14.4M	735
2026-05-29	0.00%	0.0M	14.4M	733
2026-05-15	0.00%	0.0M	14.4M	654
2026-04-30	0.00%	0.0M	14.4M	622
2026-04-15	0.00%	0.0M	14.4M	667
2026-03-31	0.00%	0.0M	14.4M	642
2026-03-13	0.00%	0.0M	14.4M	592
2026-02-27	0.00%	0.0M	14.4M	631
2026-02-13	0.00%	0.0M	14.4M	707
2026-01-30	0.00%	0.0M	14.4M	604
2026-01-15	0.00%	0.0M	14.4M	546

Option chain

expiry 2026-11-11

Type	Strike	Bid	Ask	Last	IV	Open int	Volume	Delta	Theta	Vega
No option chain for this symbol.

Type

Strike

Bid

Ask

Last

Open int

Volume

Delta

Theta

Vega

No option chain for this symbol.

Latest SEC filings

Filed	Form	Description	Period	Link
2026-08-25	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-08-25	SEC
2026-08-05	SCHEDULE 13G/A			SEC
2026-07-29	SCHEDULE 13G/A			SEC
2026-07-20	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-20	SEC
2026-06-15	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-06-15	SEC
2026-06-08	SCHEDULE 13G/A			SEC
2026-05-28	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-05-28	SEC
2026-05-14	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-05-14	SEC
2026-05-13	20-F	Registration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer.	2025-12-31	SEC
2026-05-05	SCHEDULE 13G/A			SEC
2026-04-30	NT 20-F		2026-04-30	SEC
2026-04-20	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-20	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-16	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-16	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-16	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-16	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-16	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-16	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-16	3	Initial statement of beneficial ownership of securities	2026-03-18	SEC
2026-04-13	SCHEDULE 13G/A			SEC
2026-03-26	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-03-26	SEC
2026-02-26	SCHEDULE 13D/A			SEC
2025-12-17	SCHEDULE 13D/A			SEC
2025-11-20	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-11-20	SEC
2025-08-27	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-08-27	SEC
2025-08-19	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-08-19	SEC
2025-08-13	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-08-13	SEC
2025-07-22	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-07-22	SEC
2025-05-27	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-05-27	SEC

Insider activity by month

Month	Bought	Buys	Sold	Sells
2026-11	0	0	0	0
2026-10	0	0	0	0
2026-09	0	0	0	0
2026-08	0	0	0	0
2026-07	0	0	0	0
2026-06	0	0	0	0
2026-05	0	0	0	0
2026-04	0	0	0	0
2026-03	0	0	0	0
2026-02	0	0	0	0
2026-01	0	0	0	0
2025-12	0	0	0	0
2025-11	0	0	0	0

Institutional holders

Manager	% owned
Clal Insurance Enterprises Holdings Ltd	5.07%
GHP Investment Advisors, Inc.	0.05%
DIMENSIONAL FUND ADVISORS LP	0.02%
MORGAN STANLEY	0.02%
Altshuler Shaham Ltd	0.02%
ELEVATION POINT WEALTH PARTNERS, LLC	0.01%
CX Institutional	0.01%
BlackRock, Inc.	0.00%
ROYAL BANK OF CANADA	0.00%
BNP PARIBAS FINANCIAL MARKETS	0.00%

Funds

Fund	% owned
Old Westbury Small & Mid Cap Strategies Fund	0.21%
Amplify BlueStar Israel Technology ETF	0.06%
VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND	0.02%
International Sustainability Core 1 Portfolio	0.01%
JNL/DFA International Core Equity Fund	0.01%
Avantis International Small Cap Equity ETF	0.00%
First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	0.00%
Dimensional International Core Equity 2 ETF	0.00%
World ex U.S. Targeted Value Portfolio	0.00%
Avantis International Equity Fund	0.00%

Dividends

per share

Ex date	Ordinary	Special
2026-09-17	1.6300	0.0000
2026-05-19	0.0000	13.0450
2025-12-30	0.4720	0.0470
2025-10-14	0.4720	0.0470
2025-07-07	0.4270	0.0420
2025-04-30	0.8560	0.0850
2024-09-11	0.5680	0.0560
2024-04-03	0.5560	0.0550
2023-06-02	0.5740	0.0570
2022-12-02	0.5620	0.0560
2022-04-11	0.7010	0.0700
2021-08-31	0.7190	0.0710
2021-02-17	0.5900	0.0580
2020-08-28	0.4740	0.0470
2019-12-23	0.4190	0.0420
2019-09-11	0.4730	0.0470
2018-12-28	0.3090	0.0310
2018-06-06	0.3090	0.0310
2017-10-16	0.3090	0.0310
2016-12-28	0.4370	0.0430

Period	Amount	Yield	Payout	Kind
2015FY	0.4700	1.79%	33.33%	paid
2016FY	0.5700	1.45%	36.41%	paid
2017FY	0.2300	0.58%	32.52%	paid
2018FY	0.4700	1.28%	21.47%	paid
2019FY	0.7000	0.99%	27.13%	paid
2020FY	0.8300	0.97%	27.03%	paid
2021FY	1.1300	0.91%	31.63%	paid
2022FY	0.9000	1.26%	16.91%	paid
2023FY	0.4400	0.68%	10.50%	paid
2024FY	1.1600	1.34%	22.13%	paid
2025FY	1.0700	0.62%	57.74%	paid

OakChart. FORTY. Cached 15 minutes.

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