Formula Systems (1985) Ltd (FSY) - Net Assets
Based on the latest financial reports, Formula Systems (1985) Ltd (FSY) has net assets worth €1.80 Billion EUR (≈ $2.10 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.60 Billion ≈ $4.21 Billion USD) and total liabilities (€1.81 Billion ≈ $2.11 Billion USD). 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. Check Formula Systems (1985) Ltd (FSY) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.80 Billion |
| % of Total Assets | 49.9% |
| Annual Growth Rate | 10.64% |
| 5-Year Change | 52.43% |
| 10-Year Change | N/A |
| Growth Volatility | 9.01 |
Formula Systems (1985) Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Formula Systems (1985) Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Formula Systems (1985) Ltd.
Annual Net Assets for Formula Systems (1985) Ltd (2016–2025)
The table below shows the annual net assets of Formula Systems (1985) Ltd from 2016 to 2025. Also explore Formula Systems (1985) Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.80 Billion ≈ $2.10 Billion |
+29.44% |
| 2024-12-31 | €1.39 Billion ≈ $1.62 Billion |
+6.20% |
| 2023-12-31 | €1.31 Billion ≈ $1.53 Billion |
+11.14% |
| 2022-12-31 | €1.18 Billion ≈ $1.38 Billion |
-0.23% |
| 2021-12-31 | €1.18 Billion ≈ $1.38 Billion |
+6.53% |
| 2020-12-31 | €1.11 Billion ≈ $1.29 Billion |
+23.56% |
| 2019-12-31 | €896.33 Million ≈ $1.05 Billion |
+11.29% |
| 2018-12-31 | €805.40 Million ≈ $941.59 Million |
+4.20% |
| 2017-12-31 | €772.92 Million ≈ $903.63 Million |
+6.78% |
| 2016-12-31 | €723.84 Million ≈ $846.25 Million |
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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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.36 Billion | 100.00% |
| Total Equity | €1.36 Billion | 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 |
|---|---|
|
Shanghai Bailian Group Co Ltd A
SHG:600827
|
$1.83 Billion |
|
SUEDZUCKER UNSP.ADR 1/2
F:SZU1
|
$1.83 Billion |
|
Huaxia Eye Hospital Group Co. Ltd. A
SHE:301267
|
$1.83 Billion |
|
Embotelladora Andina S.A
NYSE:AKO-A
|
$1.83 Billion |
|
CSC Financial Co. Ltd
F:CS0
|
$1.83 Billion |
|
AOZORA BANK LTD ADR/20
F:AON0
|
$1.83 Billion |
|
Diversified Healthcare Trust
NASDAQ:DHC
|
$1.83 Billion |
|
Jubilant Pharmova Limited
NSE:JUBLPHARMA
|
$1.82 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 2024 to 2025, total equity changed from 679,338,000 to 1,363,137,000, a change of 683,799,000 (100.7%).
- Net income of 606,479,000 contributed positively to equity growth.
- Other factors increased equity by 77,320,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €606.48 Million | +44.49% |
| Other Changes | €77.32 Million | +5.67% |
| Total Change | €- | 100.66% |
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: 2.30x
- 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 4.19x to 2.30x 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 | €102.00 | x |
| 2018-12-31 | €24.92 | €102.00 | x |
| 2019-12-31 | €27.57 | €102.00 | x |
| 2020-12-31 | €32.87 | €102.00 | x |
| 2021-12-31 | €35.37 | €102.00 | x |
| 2022-12-31 | €36.03 | €102.00 | x |
| 2023-12-31 | €40.81 | €102.00 | x |
| 2024-12-31 | €44.31 | €102.00 | 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): 44.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.09%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.64x
- Recent ROE (44.49%) is above the historical average (12.82%), 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% | 3.59% | 0.74x | 4.44x | €11.74 Million |
| 2025 | 44.49% | 23.09% | 0.73x | 2.64x | €470.17 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: $471,650,897
- Average return on equity (ROE) among peers: -17.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formula Systems (1985) Ltd (FSY) | €1.80 Billion | 6.67% | 1.00x | $1.83 Billion |
| CLPS INC. DL-0001 (1UK) | $65.51 Million | 0.29% | 0.46x | $22.08 Million |
| Globant SA (2G2) | $2.16 Billion | 4.76% | 0.54x | $1.50 Billion |
| Solutions 30 SE (30L3) | $138.35 Million | 28.35% | 3.65x | $64.24 Million |
| Genpact Limited (35G) | $1.90 Billion | 19.47% | 1.62x | $5.38 Billion |
| NANOSPHERE (3NS) | $-986.83K | 0.00% | 0.00x | $828.52K |
| BIT MINING C.A SP.ADR 100 (50C0) | $25.13 Million | -114.24% | 1.89x | $13.76 Million |
| WISE PLC SPONS.ADR/1 (6WS0) | $409.20 Million | 8.04% | 17.49x | $9.95 Billion |
| GS TECHS LTD (DI) (6Y3) | $3.87 Million | -42.07% | 0.73x | $1.16 Million |
| CPT GLOBAL LTD (714) | $1.72 Million | -119.91% | 4.35x | $1.80 Million |
| PASSUS S.A. ZY-1 (71X) | $14.95 Million | 39.99% | 2.98x | $43.63 Million |
About 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