Formula Systems 1985 Ltd ADR (FORTY) - Net Assets
Based on the latest financial reports, Formula Systems 1985 Ltd ADR (FORTY) has net assets worth $1.58 Billion USD 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. Check asset resilience ratio of Formula Systems 1985 Ltd ADR to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.58 Billion |
| % of Total Assets | 47.41% |
| Annual Growth Rate | 7.05% |
| 5-Year Change | 25.45% |
| 10-Year Change | 106.97% |
| Growth Volatility | 14.11 |
Formula Systems 1985 Ltd ADR - Net Assets Trend (1998–2024)
This chart illustrates how Formula Systems 1985 Ltd ADR's net assets have evolved over time, based on quarterly financial data. Also explore Formula Systems 1985 Ltd ADR (FORTY) total assets for the complete picture of this company's asset base.
Annual Net Assets for Formula Systems 1985 Ltd ADR (1998–2024)
The table below shows the annual net assets of Formula Systems 1985 Ltd ADR from 1998 to 2024. For live valuation and market cap data, see Formula Systems 1985 Ltd ADR market cap and net worth.
| 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 | +11.33% |
| 2018-12-31 | $805.14 Million | +4.17% |
| 2017-12-31 | $772.92 Million | +6.78% |
| 2016-12-31 | $723.85 Million | +7.83% |
| 2015-12-31 | $671.29 Million | +3.47% |
| 2014-12-31 | $648.79 Million | +34.35% |
| 2013-12-31 | $482.92 Million | +3.08% |
| 2012-12-31 | $468.50 Million | +27.90% |
| 2011-12-31 | $366.29 Million | +9.54% |
| 2010-12-31 | $334.38 Million | +13.23% |
| 2009-12-31 | $295.31 Million | +6.47% |
| 2008-12-31 | $277.37 Million | -9.45% |
| 2007-12-31 | $306.30 Million | +14.11% |
| 2006-12-31 | $268.43 Million | -1.36% |
| 2005-12-31 | $272.13 Million | -3.96% |
| 2004-12-31 | $283.36 Million | +16.01% |
| 2003-12-31 | $244.25 Million | +8.33% |
| 2002-12-31 | $225.48 Million | -15.45% |
| 2001-12-31 | $266.69 Million | -32.06% |
| 2000-12-31 | $392.54 Million | +28.89% |
| 1999-12-31 | $304.56 Million | +28.72% |
| 1998-12-31 | $236.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formula Systems 1985 Ltd ADR'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 756.3% 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% |
| Common Stock | $4.35 Million | 0.64% |
| Other Comprehensive Income | $-13.42 Million | -1.98% |
| Other Components | $152.39 Million | 22.43% |
| Total Equity | $679.34 Million | 100.00% |
Formula Systems 1985 Ltd ADR Competitors by Market Cap
The table below lists competitors of Formula Systems 1985 Ltd ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Godawari Power And Ispat limited
NSE:GPIL
|
$2.08 Billion |
|
Íslandsbanki hf.
IC:ISB
|
$2.08 Billion |
|
Anyuan Coal Industry Group Co Ltd
SHG:600397
|
$2.08 Billion |
|
Beijing Originwater Technology
SHE:300070
|
$2.08 Billion |
|
AvidXchange Holdings Inc
NASDAQ:AVDX
|
$2.08 Billion |
|
Alamo Group Inc
NYSE:ALG
|
$2.08 Billion |
|
A.F.P. Provida
SN:PROVIDA
|
$2.08 Billion |
|
Extreme Networks Inc
NASDAQ:EXTR
|
$2.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formula Systems 1985 Ltd ADR'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 comprehensive income decreased equity by 2,389,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $79.67 Million | +11.73% |
| Dividends Paid | $18.81 Million | -2.77% |
| Other Comprehensive Income | $-2.39 Million | -0.35% |
| Other Changes | $-4.90 Million | -0.72% |
| Total Change | $- | 8.56% |
Book Value vs Market Value Analysis
This analysis compares Formula Systems 1985 Ltd ADR'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: 3.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.48x to 3.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $15.99 | $135.50 | x |
| 1999-12-31 | $19.43 | $135.50 | x |
| 2000-12-31 | $24.90 | $135.50 | x |
| 2001-12-31 | $18.33 | $135.50 | x |
| 2002-12-31 | $15.08 | $135.50 | x |
| 2003-12-31 | $17.11 | $135.50 | x |
| 2004-12-31 | $17.29 | $135.50 | x |
| 2005-12-31 | $12.77 | $135.50 | x |
| 2006-12-31 | $11.53 | $135.50 | x |
| 2007-12-31 | $15.03 | $135.50 | x |
| 2008-12-31 | $12.87 | $135.50 | x |
| 2009-12-31 | $21.77 | $135.50 | x |
| 2010-12-31 | $14.61 | $135.50 | x |
| 2011-12-31 | $16.19 | $135.50 | x |
| 2012-12-31 | $17.77 | $135.50 | x |
| 2013-12-31 | $22.75 | $135.50 | x |
| 2014-12-31 | $26.57 | $135.50 | x |
| 2015-12-31 | $26.88 | $135.50 | x |
| 2016-12-31 | $21.67 | $135.50 | x |
| 2017-12-31 | $24.40 | $135.50 | x |
| 2018-12-31 | $23.59 | $135.50 | x |
| 2019-12-31 | $27.48 | $135.50 | x |
| 2020-12-31 | $32.88 | $135.50 | x |
| 2021-12-31 | $35.12 | $135.50 | x |
| 2022-12-31 | $35.60 | $135.50 | x |
| 2023-12-31 | $40.38 | $135.50 | x |
| 2024-12-31 | $43.44 | $135.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formula Systems 1985 Ltd ADR 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 (9.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 19.52% | 10.28% | 0.75x | 2.54x | $12.97 Million |
| 1999 | 25.33% | 13.77% | 0.74x | 2.48x | $27.95 Million |
| 2000 | 17.24% | 9.86% | 0.73x | 2.38x | $16.81 Million |
| 2001 | -32.80% | -14.88% | 0.84x | 2.63x | $-73.18 Million |
| 2002 | -1.57% | -0.85% | 0.60x | 3.06x | $-17.74 Million |
| 2003 | 1.77% | 0.85% | 0.69x | 3.01x | $-14.48 Million |
| 2004 | 4.34% | 1.77% | 0.71x | 3.43x | $-10.58 Million |
| 2005 | 0.11% | 0.04% | 0.80x | 3.86x | $-16.16 Million |
| 2006 | 6.53% | 2.03% | 0.83x | 3.88x | $-5.31 Million |
| 2007 | 18.78% | 7.55% | 0.81x | 3.09x | $17.42 Million |
| 2008 | 6.98% | 2.01% | 0.99x | 3.51x | $-5.12 Million |
| 2009 | 6.46% | 4.06% | 0.83x | 1.92x | $-10.46 Million |
| 2010 | 9.30% | 3.34% | 0.88x | 3.16x | $-1.38 Million |
| 2011 | 19.42% | 6.71% | 0.95x | 3.04x | $20.83 Million |
| 2012 | 9.81% | 3.23% | 0.85x | 3.60x | $-475.20K |
| 2013 | 23.83% | 9.65% | 0.91x | 2.72x | $44.62 Million |
| 2014 | 19.60% | 11.79% | 0.57x | 2.92x | $36.77 Million |
| 2015 | 4.87% | 2.42% | 0.66x | 3.07x | $-20.31 Million |
| 2016 | 6.67% | 2.02% | 0.82x | 4.04x | $-11.19 Million |
| 2017 | 3.11% | 0.83% | 0.87x | 4.35x | $-24.74 Million |
| 2018 | 8.77% | 2.16% | 0.90x | 4.53x | $-4.53 Million |
| 2019 | 21.97% | 5.45% | 0.81x | 4.95x | $50.47 Million |
| 2020 | 9.30% | 2.42% | 0.77x | 5.01x | $-3.50 Million |
| 2021 | 10.09% | 2.27% | 0.88x | 5.08x | $489.00K |
| 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 ADR's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $994,464,162
- Average return on equity (ROE) among peers: 2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formula Systems 1985 Ltd ADR (FORTY) | $1.58 Billion | 19.52% | 1.11x | $2.08 Billion |
| Accenture plc (ACN) | $2.68 Billion | 35.12% | 2.34x | $110.67 Billion |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $89.55 Million |
| Applied Digital Corporation (APLD) | $3.63 Million | -76.89% | 0.16x | $7.31 Billion |
| ARB IOT Group Limited Ordinary Shares (ARBB) | $318.84 Million | 8.10% | 0.24x | $8.21 Million |
| ASGN Inc (ASGN) | $1.38 Billion | 12.69% | 1.14x | $904.39 Million |
| Aurora Innovation Inc (AUR) | $1.99 Billion | -40.10% | 0.13x | $8.73 Billion |
| BigBearai Holdings Inc (BBAI) | $11.68 Million | 53.50% | 0.37x | $1.87 Billion |
| Broadridge Financial Solutions Inc (BR) | $745.80 Million | 25.77% | 2.80x | $18.21 Billion |
| BIT Mining Limited (BTCM) | $133.56 Million | 13.10% | 0.18x | $18.91 Million |
| CACI International Inc (CACI) | $2.67 Billion | 17.16% | 1.32x | $11.34 Billion |
About Formula Systems 1985 Ltd ADR
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