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Profile - Formula Systems (1985) (NasdaqNM:FORTY)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | Msgs
Recent Events
Aug 30Price hit new 52-week low ($15.79)
Aug 22Earnings Announcement
Location
39 Hagalim Boulevard
P.O. Box 2062, Herzlia
46120, Israel
Phone: (203) 255-7902
Email: mktng@formula.co.il
Employees (last reported count): 4,400
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Software & Programming
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 40%
·Institutional: 0% (0% of float)
(8 institutions)
·Net Inst. Selling: 17.0K shares (+169.43%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Formula Systems (1985) Ltd. is a global information technology solutions and services company based in Israel. The Formula Group is principally engaged in providing software consulting services, developing proprietary software products and providing computer-based business solutions. In addition, the Company manages a venture capital fund, which invests in early-stage companies that develop software products for the international market. The Company currently delivers its solutions in over 50 countries to clients with complex IT services needs, including a number of Fortune 1,000 companies. The Company operates in two principal business areas, IT Services and Proprietary Software Solutions.
More from Market Guide: Expanded Business Description

Financial Summary
Formula Systems (1985) Ltd. is an Israeli software and information technology services company engaged in the design, development and implementation of business-critical information technology and proprietary software solutions. For the three months ended 3/31/01, revenues rose 6% to $96.5 million. Net loss totaled $13.7 million vs. an income of $38.7 million. Results reflect increased revenues from consulting and development services, offset by reduced investment gains.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 98,652; after tax earnings were -8,496. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers

Position
Dan Goldstein, 46Chairman and CEO
Gad Goldstein, 41Pres
Naamit Salomon, 36VP-Fin.
Yoav Shaham, 60VP - Marketing
Bruria Prushansky, 47Sec. and Gen. Counsel
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:FORTYAs of 31-Aug-2001
Price and Volume
52-Week Low
on 30-Aug-2001
$15.79 
Recent Price$16.40 
52-Week High
on 1-Sep-2000
$52.625
Beta0.96 
Daily Volume (3-month avg)4,182 
Daily Volume (10-day avg)4,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-67.9%
52-Week Change
relative to S&P500
-57.0%
Share-Related Items
Market Capitalization$152.9M
Shares Outstanding9.32M
Float5.60M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq*)$22.64 
Earnings (ttm)-$3.01 
Earnings (mrq)-$0.90 
Sales (ttm)$45.09 
Cash (mrq*)$14.45 
Valuation Ratios
Price/Book (mrq*)0.72 
Price/EarningsN/A 
Price/Sales (ttm)0.36 
Income Statements
Sales (ttm)$410.4M
EBITDA (ttm*)-$8.01M
Income available to common (ttm)-$27.9M
Profitability
Profit Margin (ttm)-9.2%
Operating Margin (ttm)-2.0%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)-6.70%
Return on Equity (ttm)-12.26%
Financial Strength
Current Ratio (mrq*)1.91 
Debt/Equity (mrq*)0.20 
Total Cash (mrq)$103.6M
Short Interest
As of 8-Aug-2001
Shares Short1,000 
Percent of Float0.0%
Shares Short
(Prior Month)
2,000 
Short Ratio0.33 
Daily Volume3,000 
ADR Information
Shares/ADR1
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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