WallStSmart

Formula Systems 1985 Ltd ADR (FORTY)vsTurtle Beach Corporation (TBCH)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Formula Systems 1985 Ltd ADR generates 821% more annual revenue ($2.75B vs $298.19M). FORTY leads profitability with a 22.7% profit margin vs 0.4%. TBCH appears more attractively valued with a PEG of 1.00. 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

TBCH

Hold

43

out of 100

Grade: D

Growth: 4.0Profit: 3.5Value: 5.0Quality: 7.0
Piotroski: 5/9Altman Z: 1.92
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 TBCH.

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

TBCH2 strengths · Avg: 8.0/10
PEG RatioValuation
1.008/10

Growing faster than its price suggests

Price/BookValuation
1.9x8/10

Reasonable price relative to book value

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

TBCH4 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.924/10

Grey zone — moderate risk

Market CapQuality
$265.76M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.1%3/10

ROE of 1.1% — below average capital efficiency

Profit MarginProfitability
0.4%3/10

0.4% margin — thin

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 : TBCH

The strongest argument for TBCH centers on PEG Ratio, Price/Book. PEG of 1.00 suggests the stock is reasonably priced for its growth.

Bear Case : FORTY

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

Bear Case : TBCH

The primary concerns for TBCH are Altman Z-Score, Market Cap, Return on Equity. A P/E of 669.5x leaves little room for execution misses. Thin 0.4% margins leave little buffer for downturns.

Key Dynamics to Monitor

FORTY profiles as a growth stock while TBCH is a value play — different risk/reward profiles.

TBCH carries more volatility with a beta of 2.29 — 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 43/100), backed by strong 22.7% margins and 19.2% revenue growth. Both earn "Buy" and "Hold" 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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Turtle Beach Corporation

TECHNOLOGY · CONSUMER ELECTRONICS · USA

Turtle Beach Corporation is an audio technology company in North America, Europe, the Middle East, and the Asia Pacific. The company is headquartered in White Plains, New York.

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