Formula (FORTY) — Free Cash Flow Generation Index
Formula (FORTY) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of ILA402.54 Million represents 1% of operating cash flow (ILA420.06 Million). Explore Formula (FORTY) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Formula Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Formula across 28 annual periods. For the full cash flow conversion analysis, see Formula (FORTY) cash conversion ratio.
Annual Free Cash Flow Generation for Formula (1998–2025)
Year-by-year Free Cash Flow Generation Index for Formula. Check FORTY cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (ILA) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.96x | ILA402.54 Million | ILA420.06 Million | ILA17.52 Million | ▲ +5.2% |
| 2024 | 0.91x | ILA295.49 Million | ILA324.45 Million | ILA28.96 Million | ▲ +2.2% |
| 2023 | 0.89x | ILA262.97 Million | ILA294.97 Million | ILA32.00 Million | ▲ +6.7% |
| 2022 | 0.84x | ILA199.82 Million | ILA239.14 Million | ILA39.31 Million | ▼ -1.8% |
| 2021 | 0.85x | ILA177.42 Million | ILA208.48 Million | ILA31.06 Million | ▼ -5.4% |
| 2020 | 0.90x | ILA258.13 Million | ILA286.94 Million | ILA28.81 Million | ▲ +10.6% |
| 2019 | 0.81x | ILA159.50 Million | ILA196.08 Million | ILA36.59 Million | ▲ +8.4% |
| 2018 | 0.75x | ILA61.96 Million | ILA82.59 Million | ILA20.63 Million | ▼ -2.1% |
| 2017 | 0.77x | ILA62.07 Million | ILA80.98 Million | ILA18.91 Million | ▲ +3.2% |
| 2016 | 0.74x | ILA55.66 Million | ILA74.95 Million | ILA19.30 Million | ▼ -9.4% |
| 2015 | 0.82x | ILA44.58 Million | ILA54.40 Million | ILA9.82 Million | ▲ +14.5% |
| 2014 | 0.72x | ILA11.93 Million | ILA16.67 Million | ILA4.74 Million | ▼ -5.3% |
| 2013 | 0.76x | ILA51.78 Million | ILA68.55 Million | ILA16.77 Million | ▼ -7.5% |
| 2012 | 0.82x | ILA59.64 Million | ILA73.07 Million | ILA13.43 Million | ▲ +193.6% |
| 2011 | 0.28x | ILA7.18 Million | ILA25.83 Million | ILA18.65 Million | ▼ -69.1% |
| 2010 | 0.90x | ILA48.02 Million | ILA53.37 Million | ILA5.35 Million | ▼ -5.4% |
| 2009 | 0.95x | ILA52.93 Million | ILA55.64 Million | ILA2.71 Million | ▲ +4.0% |
| 2008 | 0.91x | ILA43.33 Million | ILA47.38 Million | ILA4.05 Million | ▲ +30.1% |
| 2007 | 0.70x | ILA30.40 Million | ILA43.27 Million | ILA12.87 Million | ▲ +2923.6% |
| 2006 | 0.02x | ILA603.00K | ILA25.95 Million | ILA25.35 Million | ▲ +100.8% |
| 2005 | -2.78x | ILA-17.46 Million | ILA6.29 Million | ILA23.75 Million | ▼ -509.2% |
| 2004 | 0.68x | ILA12.09 Million | ILA17.81 Million | ILA5.72 Million | ▲ +12.7% |
| 2003 | 0.60x | ILA7.41 Million | ILA12.29 Million | ILA4.89 Million | ▲ +88.7% |
| 2002 | 0.32x | ILA1.59 Million | ILA4.97 Million | ILA3.38 Million | ▲ +103.7% |
| 2001 | -8.55x | ILA-10.06 Million | ILA1.18 Million | ILA11.24 Million | ▼ -367.2% |
| 2000 | -1.83x | ILA-10.35 Million | ILA5.65 Million | ILA16.00 Million | ▼ -2171.1% |
| 1999 | 0.09x | ILA1.19 Million | ILA13.41 Million | ILA12.23 Million | ▼ -86.4% |
| 1998 | 0.65x | ILA22.60 Million | ILA34.70 Million | ILA12.10 Million | — |