# Formula Systems (1985) Ltd. (FORTY)

> Source: Nexqual · https://nexqual.com/FORTY · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Formula Systems (1985) Ltd. (FORTY), nexqual.com/FORTY" · informational, not investment advice.

**Price:** USD 117.01 (-1.86% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 119.22 · day 112.04–117.01 · 52w 102.01–190.56 · market cap $1.79B · NMS

## Key facts
- Total return with dividends: 1Y -7.7% vs S&P 500 +13.4%; 5Y +27.4% vs S&P 500 +76.9%.
- Next earnings: 2026-11-19, EPS estimate USD —, revenue estimate $0K.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -7.7% | +27.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -7.8% | +5.0% |
| Volatility (annualized) | 51.4% | 39.8% |
| Max drawdown | -42.0% (Dec 2025→Mar 2026) | -53.7% (Dec 2021→Oct 2023) |

## Peers (Information Technology Services)
CHRN (ChronoScale Holdings Corporatio) USD 14.77 -4.46% · PONY (Pony AI Inc.) USD 5.14 +2.39% · CSQR (Csquare, Inc.) USD 14.93 +0.20% · DXC (DXC Technology Company) USD 16.09 +0.06% · PENG (Penguin Solutions, Inc.) USD 53.41 +2.89% · KD (Kyndryl Holdings, Inc.) USD 14.76 -2.89%

## More
Full page: https://nexqual.com/FORTY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in FORTY's own 20-F filed 2026-05-13 (https://www.sec.gov/Archives/edgar/data/1045986/000121390026055948/ea0289446-20f_formula.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Alphabet (Google) (GOOGL) | "customers other digital services such as Search Engine Marketing (Pay Per Click Google and Facebook campaigns) and Search Engine Optimization" |
| Customer | Microsoft (MSFT) | "themselves, including Amazon Web Services, Microsoft Azure and Google Cloud, which increasingly market services directly to end customers." |
| Customer | Meta Platforms (META) | "customers other digital services such as Search Engine Marketing (Pay Per Click Google and Facebook campaigns) and Search Engine Optimization" |
| Partner | Amazon (AMZN) | "its existing strategic partnerships that include partnerships with Oracle, JD Edwards, SAP, Salesforce.com, Microsoft, AWS, GCP, IBM and" |
| Partner | Oracle (ORCL) | "its existing strategic partnerships that include partnerships with Oracle, JD Edwards, SAP, Salesforce.com, Microsoft, AWS, GCP, IBM and" |
| Partner | Executive Life | "Service Agreement with our Chief Executive" |
| Partner | SAP (SAP) | "its existing strategic partnerships that include partnerships with Oracle, JD Edwards, SAP, Salesforce.com, Microsoft, AWS, GCP, IBM and" |
| Partner | Salesforce (CRM) | "its existing strategic partnerships that include partnerships with Oracle, JD Edwards, SAP, Salesforce.com, Microsoft, AWS, GCP, IBM and" |
| Partner | Software | "Magic Software has built upon its established global presence to form business alliances with our MSPs that use its technology to develop" |
| Competitor | IBM (IBM) | "governance, risk and compliance (GRC), Matrix competes with large global corporations such as IBM, Accenture and Oracle, as well as the" |
| Competitor | Accenture (ACN) | "governance, risk and compliance (GRC), Matrix competes with large global corporations such as IBM, Accenture and Oracle, as well as the" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |