Formula Systems (1985) Ltd
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions and information technologies (IT) professional services in Israel, the United States, Europe, Africa, Japan, and internationally. The company also offers software product marketing and support, computer infrastructure and integration solutions, and learning and integration. In additi… Read more
Formula Systems (1985) Ltd (FSY) - Net Assets
Latest net assets as of September 2025: €1.58 Billion EUR
Based on the latest financial reports, Formula Systems (1985) Ltd (FSY) has net assets worth €1.58 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.33 Billion) and total liabilities (€1.75 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.58 Billion |
| % of Total Assets | 47.41% |
| Annual Growth Rate | 8.49% |
| 5-Year Change | 25.45% |
| 10-Year Change | N/A |
| Growth Volatility | 6.6 |
Formula Systems (1985) Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Formula Systems (1985) Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Formula Systems (1985) Ltd (2016–2024)
The table below shows the annual net assets of Formula Systems (1985) Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.39 Billion | +6.20% |
| 2023-12-31 | €1.31 Billion | +11.14% |
| 2022-12-31 | €1.18 Billion | -0.23% |
| 2021-12-31 | €1.18 Billion | +6.53% |
| 2020-12-31 | €1.11 Billion | +23.56% |
| 2019-12-31 | €896.33 Million | +11.29% |
| 2018-12-31 | €805.40 Million | +4.20% |
| 2017-12-31 | €772.92 Million | +6.78% |
| 2016-12-31 | €723.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formula Systems (1985) Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 128.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €536.01 Million | 78.90% |
| Other Components | €143.32 Million | 21.10% |
| Total Equity | €679.34 Million | 100.00% |
Formula Systems (1985) Ltd Competitors by Market Cap
The table below lists competitors of Formula Systems (1985) Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carborundum Universal Limited
NSE:CARBORUNIV
|
$1.01 Billion |
|
United States Antimony Corporation
NYSE MKT:UAMY
|
$1.02 Billion |
|
Heritage Financial Corporation
NASDAQ:HFWA
|
$1.02 Billion |
|
Easyhome New Retail Group Co Ltd
SHE:000785
|
$1.02 Billion |
|
Shandong Iron and Steel Co Ltd
SHG:600022
|
$1.01 Billion |
|
Neptune Insurance Holdings Inc.
NYSE:NP
|
$1.01 Billion |
|
Lufax Holding Ltd
NYSE:LU
|
$1.01 Billion |
|
AQ Group AB (publ)
F:7AQ0
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formula Systems (1985) Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 625,762,000 to 679,338,000, a change of 53,576,000 (8.6%).
- Net income of 79,670,000 contributed positively to equity growth.
- Dividend payments of 18,807,000 reduced retained earnings.
- Other factors decreased equity by 7,287,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €79.67 Million | +11.73% |
| Dividends Paid | €18.81 Million | -2.77% |
| Other Changes | €-7.29 Million | -1.07% |
| Total Change | €- | 8.56% |
Book Value vs Market Value Analysis
This analysis compares Formula Systems (1985) Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.27x to 2.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €24.37 | €104.00 | x |
| 2018-12-31 | €24.92 | €104.00 | x |
| 2019-12-31 | €27.57 | €104.00 | x |
| 2020-12-31 | €32.87 | €104.00 | x |
| 2021-12-31 | €35.37 | €104.00 | x |
| 2022-12-31 | €36.03 | €104.00 | x |
| 2023-12-31 | €40.81 | €104.00 | x |
| 2024-12-31 | €44.31 | €104.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formula Systems (1985) Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.89%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 4.44x
- Recent ROE (11.73%) is above the historical average (9.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 6.67% | 2.02% | 0.82x | 4.04x | €-11.19 Million |
| 2017 | 2.88% | 0.76% | 0.87x | 4.35x | €-25.57 Million |
| 2018 | 8.80% | 2.17% | 0.90x | 4.53x | €-4.40 Million |
| 2019 | 9.21% | 2.28% | 0.81x | 4.96x | €-3.34 Million |
| 2020 | 9.30% | 2.42% | 0.77x | 5.01x | €-3.50 Million |
| 2021 | 10.09% | 2.27% | 0.88x | 5.08x | €488.00K |
| 2022 | 14.75% | 3.16% | 0.92x | 5.06x | €26.21 Million |
| 2023 | 10.23% | 2.44% | 0.93x | 4.49x | €1.44 Million |
| 2024 | 11.73% | 2.89% | 0.91x | 4.44x | €11.74 Million |
Industry Comparison
This section compares Formula Systems (1985) Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $20,167,118,044
- Average return on equity (ROE) among peers: -10.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formula Systems (1985) Ltd (FSY) | €1.58 Billion | 6.67% | 1.11x | $1.01 Billion |
| Econocom Group SE (1E91) | $456.80 Million | 13.97% | 4.48x | $113.55 Million |
| 21Vianet Group Inc (217A) | $6.51 Billion | -40.58% | 3.66x | $2.62 Billion |
| Wavestone SA (2WSA) | $571.39 Million | 10.19% | 0.71x | $366.72 Million |
| audius SE (3ITN) | $21.84 Million | 15.81% | 0.71x | $128.03K |
| NANOSPHERE (3NS) | $744.08K | -186.51% | 2.14x | $392.71K |
| TIS Inc (4HO) | $188.79 Billion | 5.44% | 0.83x | $3.65 Billion |
| Cybertrust Japan Co., Ltd. (5U2) | $4.87 Billion | 10.88% | 0.48x | $31.97 Million |
| Solidx AB (publ) (6OK) | $8.80 Million | 56.05% | 2.44x | $1.86 Million |
| SMART Global Holdings Inc (850) | $378.55 Million | 17.58% | 3.15x | $850.45 Million |
| 8AV0 (8AV0) | $57.49 Million | -12.58% | 0.11x | $20.10 Million |