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Formula Systems (1985) Ltd. (FORTY) — RQD Stock Rating Cockpit

$119.21 -2.29% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $118.49

Formula Systems (1985) Ltd. (FORTY) carries a Roarable Rating of D+ (Sell) with 52/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $1.87B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FORTY stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Formula Systems (1985) Ltd. (NASDAQ: FORTY) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 52/100 at a spot price of $119.21 (-2.29% 1D, market cap $1.87B). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 9/20. Across 715 tracked Technology issuers, FORTY ranks #318 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FORTY compare to EVTC and STNE in the Technology sector?
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Within the Technology sector (EDP Services), FORTY carries a Roarable D+ (52/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, EVTC (Evertec Inc.) holds a C+ grade (66/100 RQD, P/E 12.8x, ROIC 10.8%, cap $1.88B) and STNE (StoneCo Ltd. (Class A)) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.91B). Among the 5-stock peer group, EVTC leads on earnings multiple (12.8x) while EVTC leads on capital efficiency (10.8% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FORTY?
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For Formula Systems (1985) Ltd. (FORTY), key quantitative strengths include Established market leader in Technology with deep daily trading liquidity and sector rank #318 in Technology, while primary risk factors center on Company executives have done more routine share selling than personal cash buying lately and Sensitive to high interest rates and tighter Federal Reserve market liquidity.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $118.49 (-0.60%)🧬 Disciplined Float (-0.40% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 1.3% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 52/100 (D+) historically posted market-perform odds over rolling 90-day windows (-1.1% avg 90D alpha vs SPY • 50.1% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510052
JEV AI Jury Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D+
Cash (12)Whales (9)SEC (13)Macro (9)CEO (9)
Each axis scored 0–20
12M PRICE TARGET CONE-2.7% Base Target
$200 Bull$116 Base$90 Bear
📬 FREE FORTY RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FORTY)Realized 20D OHLCV Swing Band: ±2.1%
Deterministic 5-Pillar Attribution (52/100 Composite)
🔍 WHY FORTY SCORES 52/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (25% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 7/9

▲ #2 Bullish Driver: Cash Engine Quality+12/20 pts (23% of score)

SEC XBRL Trailing 12 Months: 1.3% FCF Margin ($52.3M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution9/20 pts (-11 pt drag)

Disciplined Float (-0.40% YoY Shares) & executive Form 4 sales trim 11 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
44
Grade D$111.50+5% Next Q
Q2 (-2Q)
47
Grade D$117.08+9.3% Next Q
Q3 (-1Q)
49
Grade D$127.99-6.9% Next Q
Current
52
Grade D+$119.21-1.1% Hist 90D α
Trajectory: D (44) → D+ (52)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a FORTY Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While FORTY currently carries a cautious 52/100 (D+) rating due to Insider Conviction & Share Dilution (9/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($120.09) and Max Pain ($125.17) forces dealer call-delta covering toward $200.09.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FORTY• $4.8M Crowd Pool • Kalshi / Polymarket Composite
Contract: “FORTY Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”
YES 52%NO 48%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
54.630 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCOREHIGH QUALITY (7–9)
7 / 99-Pt Accounting
52-WEEK LASER RANGE19% OF RANGE
L: $102$119.21H: $191
1. Money & Cash Health● MIXED
Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: C-RQD 12 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 18 / 40
3. Hidden Risks & Market Weather● WATCH
SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: D+RQD 22 / 40
MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on FORTY

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
NEUTRAL (60)

14.0% ROIC with 42.0% gross margin and 2.80% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
NEUTRAL (65)

Altman-Z 4.20 and Piotroski 7/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (45)

18/40 institutional & smart-money positioning score with 9/20 macro alignment.

Bull Case: Why Buyers Like FORTY
  • ✓Established market leader in Technology with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FORTY)

  • ✓Walkthrough of FORTY's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
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FORTY // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -10.02%▲ ASCENDING TRIANGLE
2026-11-03O $122.0H $122.0L $119.2C $119.2VOL 32
RES: $130.1SUP: $112.9SMA50: $120.1SMA200: $124.2
$152.8$139.1$125.3$111.5$97.74RES $130.1SUP $112.9$119.22026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FORTY Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FORTY Butterfly Map → + Track FORTY →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FORTY today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FORTY. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FORTY today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FORTY)

Technology Rank #318 of 715 ⚔️ EVTC vs FORTY Full Matrix →

1. Head-to-Head Technology Peer Comparison (FORTY vs. EVTC, STNE, INFQ, PONY)

Industry: EDP Services (163 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Formula Systems (1985) Ltd. (FORTY) ranks #318 by composite RQD confidence (52/100, grade D+) and #300 by equity capitalization ($1.87B). Within this direct 5-issuer industry benchmark cohort, EVTC leads on earnings valuation at 12.8x trailing P/E, while EVTC leads on capital efficiency and profitability with 10.8% ROIC and — gross margin. EVTC currently holds the highest overall quantitative score in the immediate peer group at 66/100 (C+) compared with FORTY at 52/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
FORTY ACTIVE
Formula Systems (1985) Ltd.
D+ 52/100 — — — -2.29% $1.87B Benchmark Subject
EVTC
Evertec Inc.
C+ 66/100 12.8x — 10.8% +3.74% $1.88B /evtc-vs-forty →
STNE
StoneCo Ltd. (Class A)
D 46/100 — — — -1.42% $1.91B /stne-vs-forty →
INFQ
Infleqtion Inc.
E 26/100 — 36.6% -26.6% -8.22% $2.00B /infq-vs-forty →
PONY
Pony AI Inc.
E 22/100 — 15.7% -15.2% -0.43% $2.01B /pony-vs-forty →

2. FORTY Fundamental Profitability, Capital Efficiency & Balance-Sheet Forensics

TRAILING 12M & FORWARD QUANTITATIVE SNAPSHOT

Formula Systems (1985) Ltd. (FORTY) operates in EDP Services (Technology) with an equity capitalization of $1.87B, trailing P/E of N/A, forward P/E of N/A, and EV/EBITDA of N/A. Operating profitability registers a gross margin of —, operating margin of —, net profit margin of —, ROIC of —, and free cash flow yield of —, alongside an Altman Z-Score of N/A and Piotroski F-Score of N/A.

3. FORTY Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FORTY stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Formula Systems (1985) Ltd. (NASDAQ: FORTY) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 52/100 at a spot price of $119.21 (-2.29% 1D, market cap $1.87B). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 9/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 9/20, and Executive Insider Alignment 9/20. Across 715 tracked Technology issuers, FORTY ranks #318 in composite RQD confidence.

How does FORTY compare to EVTC and STNE in the Technology sector?

Within the Technology sector (EDP Services), FORTY carries a Roarable D+ (52/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, EVTC (Evertec Inc.) holds a C+ grade (66/100 RQD, P/E 12.8x, ROIC 10.8%, cap $1.88B) and STNE (StoneCo Ltd. (Class A)) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.91B). Among the 5-stock peer group, EVTC leads on earnings multiple (12.8x) while EVTC leads on capital efficiency (10.8% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FORTY?

For Formula Systems (1985) Ltd. (FORTY), key quantitative strengths include Established market leader in Technology with deep daily trading liquidity and sector rank #318 in Technology, while primary risk factors center on Company executives have done more routine share selling than personal cash buying lately and Sensitive to high interest rates and tighter Federal Reserve market liquidity.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FORTY trading relative to its 50-day, 200-day, and 52-week technical levels?

FORTY last traded at $119.21 (-2.29% on volume of 853 shares), positioning the stock -0.73% below its 50-day simple moving average ($120.09) and -4.03% below its 200-day simple moving average ($124.21). Across its 52-week range of $102.01 to $190.56, FORTY sits at the 19.4% percentile with a 14-day RSI of 54.6 (NEUTRAL RANGE) and an implied next-earnings move of ±2.1% ($116.71 to $121.71).

Direct Sub-Reports: FORTY RQD Cockpit FORTY 12M Forecast FORTY Earnings & Move FORTY Dividends & DRIP FORTY Insiders & 13F FORTY Whale Options FORTY Profit Sankey FORTY News & Why
ROARABLE RATING BRIEF • RQD 52/100 (D+) ✓ SEC XBRL & RQD VERIFIED

FORTY — Formula Systems (1985) Ltd.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2026-11-03

1. Roarable Rating Brief: What This Means to a Prospective Investor

Formula Systems (1985) Ltd. (FORTY) earns a live Roarable RQD composite score of 52/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $119.21 (-2.29% 1D, market capitalization $1.87B).

  • Fundamental Cash Engine (12/20): Anchored by return on invested capital (ROIC) of —, gross margin of —, operating margin of —, and free cash flow yield of —.
  • Whale 13F & Options Flow (9/20) + Insider Conviction (9/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (9/20) + Forensic Balance Sheet (13/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of N/A, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Formula Systems (1985) Ltd. (FORTY) is a NASDAQ-listed operating company in the EDP Services industry (Technology sector) with an equity market capitalization of $1.87B. The business operates with a gross margin of 0%, an operating margin of 0%, and a return on invested capital (ROIC) of 0% (free cash flow yield of 0%). Within the EDP Services peer group, investor evaluation centers on operating leverage, unit margin durability, and capital allocation efficiency across market cycles.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D+ • RQD 52/100): Established market leader in Technology with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 9/20. With Fundamental Cash Engine at 12/20 and Institutional Whale Flow at 9/20, sustained execution supports upside toward the upper end of the $102.01 – $190.56 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Sector classification is Technology / EDP Services.

  • Key Question #1: Can FORTY sustain or expand its — operating margin and — ROIC against EDP Services peers over the next 4 quarters?
  • Key Question #2: Will free cash flow conversion (— FCF yield) strengthen balance-sheet liquidity (Altman Z-Score N/A) toward the $190.56 52-week high?
  • Key Question #3: How sensitive is FORTY's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

FORTY Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Formula Systems (1985) Ltd. (FORTY) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FORTY Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FORTY Bull vs. Bear Conversation Board — What's Your Call at $119.21?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FORTY 🐻 33% BEARISH CONVICTION
1. Pick Your Side on FORTY:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
CA CashFlowKing RQD DEBATE OPENER • FCF Compounder Hunter 🐂 BULLISH 🎯 Target: $141.52 (+16.0%)
📌 Pinned Debate

The forensic balance sheet pillar scores 13/20 with a Piotroski F-Score of 6/9 and Debt/Equity of 0.5, suggesting a moderate financial-

Picked up a starter position in FORTY in my $100K Virtual Cash book at $122.00. The forensic balance sheet pillar scores 13/20 with a Piotroski F-Score of 6/9 and Debt/Equity of 0.5, suggesting a moderate financial-strength foundation.. Trading inside a $102.01–$190.56 52-week range with 0.0% FCF yield gives solid downside support if EDP Services multiples expand this quarter.

VolSurface_Trader 🐂 BULL

Both sides have a point here — FORTY's 13/20 balance sheet score keeps downside contained, so the real swing factor next earnings call is backlog and FCF conversion.

SK SkepticalCFA RQD DEBATE OPENER • Fundamental Contrarian 🐻 BEARISH 🎯 Target: $100.04 (-18.0%)
Spot @ $122.00

The cash engine pillar scores 12/20 with 0% ROIC and 0% FCF yield, providing no evidence of current cash generation.

Here is the bear case nobody on the bull side wants to address on FORTY: The cash engine pillar scores 12/20 with 0% ROIC and 0% FCF yield, providing no evidence of current cash generation.. At current EV/EBITDA multiples, even a small guidance miss in EDP Services triggers a 12-15% air pocket.

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