WallStSmart

Formula Systems 1985 Ltd ADR (FORTY)vsInternational Business Machines (IBM)

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Smart Verdict

WallStSmart Research — data-driven comparison

International Business Machines generates 2409% more annual revenue ($68.91B vs $2.75B). FORTY leads profitability with a 22.7% profit margin vs 15.6%. IBM appears more attractively valued with a PEG of 2.51. FORTY earns a higher WallStSmart Score of 63/100 (C+).

FORTY

Buy

63

out of 100

Grade: C+

Growth: 7.3Profit: 7.5Value: 2.7Quality: 6.5
Piotroski: 3/9Altman Z: 2.22

IBM

Buy

60

out of 100

Grade: C

Growth: 5.3Profit: 7.5Value: 4.3Quality: 4.0
Piotroski: 3/9Altman Z: 2.29
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FORTYSignificantly Overvalued (-79.8%)

Margin of Safety

-79.8%

Fair Value

$74.26

Current Price

$126.00

$51.74 premium

UndervaluedFair: $74.26Overvalued

Intrinsic value data unavailable for IBM.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FORTY5 strengths · Avg: 9.4/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Return on EquityProfitability
44.8%10/10

Every $100 of equity generates 45 in profit

EPS GrowthGrowth
82.8%10/10

Earnings expanding 82.8% YoY

Profit MarginProfitability
22.7%9/10

Keeps 23 of every $100 in revenue as profit

Revenue GrowthGrowth
19.2%8/10

19.2% revenue growth

IBM3 strengths · Avg: 9.3/10
Market CapQuality
$252.56B10/10

Mega-cap, among the largest globally

Return on EquityProfitability
32.6%10/10

Every $100 of equity generates 33 in profit

Free Cash FlowQuality
$4.78B8/10

Generating 4.8B in free cash flow

Areas to Watch

FORTY4 concerns · Avg: 3.0/10
P/E RatioValuation
30.9x4/10

Premium valuation, high expectations priced in

Market CapQuality
$1.80B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
4.072/10

Expensive relative to growth rate

IBM4 concerns · Avg: 2.5/10
Price/BookValuation
8.1x4/10

Trading at 8.1x book value

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
2.512/10

Expensive relative to growth rate

Debt/EquityHealth
2.121/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : FORTY

The strongest argument for FORTY centers on Price/Book, Return on Equity, EPS Growth. Profitability is solid with margins at 22.7% and operating margin at 11.1%. Revenue growth of 19.2% demonstrates continued momentum.

Bull Case : IBM

The strongest argument for IBM centers on Market Cap, Return on Equity, Free Cash Flow. Profitability is solid with margins at 15.6% and operating margin at 13.8%.

Bear Case : FORTY

The primary concerns for FORTY are P/E Ratio, Market Cap, Piotroski F-Score.

Bear Case : IBM

The primary concerns for IBM are Price/Book, Piotroski F-Score, PEG Ratio. Debt-to-equity of 2.12 is elevated, increasing financial risk.

Key Dynamics to Monitor

FORTY profiles as a growth stock while IBM is a mature play — different risk/reward profiles.

IBM carries more volatility with a beta of 0.67 — expect wider price swings.

FORTY is growing revenue faster at 19.2% — sustainability is the question.

Monitor INFORMATION TECHNOLOGY SERVICES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FORTY scores higher overall (63/100 vs 60/100), backed by strong 22.7% margins and 19.2% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Formula Systems 1985 Ltd ADR

TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES · USA

Formula Systems (1985) Ltd., provides software, proprietary and non-proprietary software, and software product marketing and support services in Israel and internationally. The company is headquartered in Or Yehuda, Israel.

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International Business Machines

TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES · USA

International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York, with operations in over 170 countries. The company began in 1911, founded in Endicott, New York, as the Computing-Tabulating-Recording Company (CTR) and was renamed International Business Machines in 1924. IBM is incorporated in New York. IBM produces and sells computer hardware, middleware and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization, holding the record for most annual U.S. patents generated by a business (as of 2020) for 28 consecutive years. Inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 1970s.

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