Formula Systems (1985) Ltd.
FORTYTechnology · Stock · semiannual payer
Forward Yield
2.30%
Annual Dividend
$2.48
Payout Ratio
65%
5-Yr Growth
-1.9%
Ex-Date
May 22, 2026
Frequency
Semiannual
Summary
As of July 2026, Formula Systems (1985) Ltd. (FORTY) yields 2.30% ($2.48 per share annually), with a blended fair-value estimate of $48.76 — -55% downside, so it screens as overvalued. Dividend safety grade: F (28/100).
Is FORTY a good dividend stock?
Higher riskFormula Systems (1985) Ltd. (FORTY) pays a semiannual dividend yielding 2.30% ($2.48/yr), with 0 years of growth and a dividend-safety grade of F. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
Risks
- Cut its dividend in 2025
- Dividend has been shrinking, not growing
- Below-average dividend safety score
Key Data
- Dividend Yield
- 2.30%
- Payout Ratio
- 65%
- Annual Dividend
- $2.48
- 5-Yr Avg Growth
- -1.9%
- Ex-Dividend Date
- May 22, 2026
- Years of Growth
- 0
- Frequency
- semiannual
- Beta
- 0.18
- Market Cap
- $1.7B
- P/E Ratio
- 28.9
- 5-Yr Total Return
- 11%
- 52-Week Range
- $102.01 – $190.56
- Dividend Safety
- F · 28/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
FORTY Price — Last 12 Months
Daily close
Price Return
1 Year
-16%
3 Years
+47%
5 Years
+11%
52-Week Range
$102.01 – $190.56
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FORTY worth?
Overvaluedlow confidenceOur blended fair-value estimate for Formula Systems (1985) Ltd. is $48.76 per share, versus a market price of $108.00. That implies 55% of downside.
Fair Value
$48.76
Current Price
$108.00
Downside
-55%
Margin of Safety
-121%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -0.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -0.7% stage-1 growth, 2.5% terminal growth, $3.80 EPS, $2.48 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FORTY Dividend Safety Score
Unsafe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 22, 2026 | — | $13.0450 | regular |
| Dec 30, 2025 | — | $0.5020 | regular |
| Jul 7, 2025 | — | $0.4450 | regular |
| Apr 30, 2025 | — | $0.9410 | regular |
| Sep 12, 2024 | — | $0.6240 | regular |
| Apr 3, 2024 | — | $0.6380 | regular |
| Jun 2, 2023 | — | $0.6210 | regular |
| Dec 2, 2022 | — | $0.6300 | regular |
| Apr 11, 2022 | — | $0.7910 | regular |
| Aug 31, 2021 | — | $0.7810 | regular |
| Feb 17, 2021 | — | $0.6640 | regular |
| Sep 2, 2020 | — | $0.5210 | regular |
| Dec 23, 2019 | — | $0.4590 | regular |
| Sep 11, 2019 | — | $0.5200 | regular |
Income Calculator
At $2.48 / yr per share
