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Formula Systems (1985) Ticker: FORTY Page 1 of 10
Complete Financials: March 1998 Exchange NASD
FY END DEC
ISSUE DATA (10/09/98) PER SHARE DATA RATIOS
Price $ 13.63 EPS (TTM) $ 2.91 P/E (TTM) 4.68
52W High $ 47.25 Div. Rate $ NA Yield 0.00 %
52W Low $ 12.00 Book Value $ 8.90 Price/Book 1.53
Shrs Out 9.14 Mil Cash $ 9.76 ROE (TTM) 36.39 %
Float 6.90 Mil Rev (TTM) $ 19.29 ROA (TTM) 17.53 %
Mon. Vol 0.65 Mil Curr. Ratio 2.92
Beta NA LT Dbt/Eqty 0.09
BRIEF: 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 3 months ended 3/31/98, revenues rose 70% to
NIS188.8M. Net income according to U.S. GAAP rose 91% to
NIS55.2M. Results reflect an increase in the delivery of
software services and increased net financial income.
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
Formula Systems (1985) QUARTERLY SUMMARY Page 2 of 10
HISTORICAL QUARTERLY RESULTS(Thousands of Shekel)
REVENUE 1996 1997 1998
1st Qtr MAR 92,688 110,802 188,788
2nd Qtr JUN 87,955 123,599
3rd Qtr SEP 95,947 125,719
4th Qtr DEC 104,368 180,216
EPS (Shekel per share)
1st Qtr MAR 1.290 4.410 7.320
2nd Qtr JUN 1.050 0.690
3rd Qtr SEP 0.920 2.890
4th Qtr DEC 0.330 1.430
U.S. GAAP Adjustment is N/A for FY'96 Q's.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 2,200
Last Div Ex-Date NA Sales/Employee (TTM) 66,382
Last Div Pay Date NA Net. Income/Empl.(TTM) 14,109
Copyright (c) 1998, Market Guide Inc., All rights reserved (more)
Formula Systems (1985) EQUITY, OFFICERS & ADDRESS Page 5 of 10
Ordinary Shares NIS1 Par, 6/98, 14M auth., 9,141,030 issd.
Insiders control approx. 24%. Public Offering 6/98, 1.2M
ADSs @ $35 by Goldman Sachs International. (As of 12/97)
STD: NIS22.7M @ 15.7% - 18.5%; LTD: NIS10.6M @ 5.8% - 8%,
NIS5.2M @ 14% - 17%, NIS5.4M @ 4% - 6%.
OFFICERS: Dan Goldstein, Chmn./CEO, Gad Goldstein, Pres.,
Yoav Shaham, VP, Bruria Gross Prushansky, Secy./Counsel.
DEPOSITARY AGENT: The Bank of New York. Company
incorporated in Israel. Direct inquiries to: Director of
Investor Relations.
ADDRESS & PHONE NUMBERS ADR INFORMATION
Formula Systems (1985) Shares Per ADR 1.00
39 Hagalim Boulevard Currency Name Shekel
P.O. Box 2062, Herzlia EXCH RATE (Local Curr./US $):
46120 Most Recent 4.234
Israel Year Average 3.450
Year End 3.540
Copyright (c) 1998, Market Guide Inc., All rights reserved (more) |
