ECO vs FORTY

Comparison between ECHO BAY MINES LTD (ECO, Company) and Formula Systems (1985) Ltd (FORTY, Company).

ECO is from the Industrials sector, while FORTY is from the Technology sector.

ECO vs FORTY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ECO(COMPANY)	FORTY(COMPANY)
Market Cap	$1.95B	$1.94B
Max Drawdown	49.00%	95.97%
Sharpe Ratio	2.29	0.63
5Y Beta	0.57	0.35
Industry	Marine Shipping	Information Technology Services
P/E Ratio	9.02	24.40
Forward P/E	3.88	9.23
PEG Ratio	0.07	1.00
Dividend Yield	6.56%	1.79%
5Y Dividends CAGR	N/A	70.76%
5Y EPS CAGR	22.09%	-10.90%
Debt to Equity	94.18%	12.91%
Free Cash Flow Yield	-1.68%	16.69%
P/S Ratio	18.59	0.78
P/B Ratio	2.54	1.51

Market Cap

Winner

ECO

$1.95B

FORTY

$1.94B

Max Drawdown

Winner

ECO

49.00%

FORTY

95.97%

Sharpe Ratio

Winner

ECO

2.29

FORTY

0.63

5Y Beta

ECO

0.57

Winner

FORTY

0.35

Industry

ECO

Marine Shipping

FORTY

Information Technology Services

P/E Ratio

Winner

ECO

9.02

FORTY

24.40

Forward P/E

Winner

ECO

3.88

FORTY

9.23

PEG Ratio

Winner

ECO

0.07

FORTY

1.00

Dividend Yield

Winner

ECO

6.56%

FORTY

1.79%

5Y Dividends CAGR

ECO

N/A

FORTY

70.76%

5Y EPS CAGR

Winner

ECO

22.09%

FORTY

-10.90%

Debt to Equity

ECO

94.18%

Winner

FORTY

12.91%

Free Cash Flow Yield

ECO

-1.68%

Winner

FORTY

16.69%

P/S Ratio

ECO

18.59

Winner

FORTY

0.78

P/B Ratio

ECO

2.54

Winner

FORTY

1.51

ECO vs FORTY - Historical Returns

Returns include dividend reinvestment.

Period	ECO	FORTY
1 month	-12.87%	-3.76%
3 months	+1.63%	+6.70%
6 months	+37.86%	-18.77%
1 year	+140.25%	+25.56%
5 years(CAGR)	N/A	+10.84%
10 years(CAGR)	N/A	+17.26%
Max(CAGR)	+40.26%	+10.09%

ECO

-12.87%

Winner

FORTY

-3.76%

ECO

+1.63%

Winner

FORTY

+6.70%

Winner

ECO

+37.86%

FORTY

-18.77%

Winner

ECO

+140.25%

FORTY

+25.56%

5Y(CAGR)

ECO

N/A

FORTY

+10.84%

10Y(CAGR)

ECO

N/A

FORTY

+17.26%

Max(CAGR)

Winner

ECO

+40.26%

FORTY

+10.09%

ECO vs FORTY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ECO	FORTY
2026	+59.90%	-18.10%
2025	+69.35%	+105.36%
2024	-13.93%	+39.05%
2023	+12.81%	-6.65%
2022	N/A	-40.77%
2021	N/A	+49.74%
2020	N/A	+25.85%
2019	N/A	+93.92%
2018	N/A	-15.35%
2017	N/A	+1.49%
2016	N/A	+54.79%
2015	N/A	+23.35%
2014	N/A	-12.96%
2013	N/A	+50.90%
2012	N/A	-0.90%
2011	N/A	-22.73%
2010	N/A	+68.67%
2009	N/A	+91.88%
2008	N/A	-46.94%
2007	N/A	-2.88%
2006	N/A	+19.68%
2005	N/A	-31.23%
2004	N/A	-0.06%
2003	N/A	+100.59%
2002	N/A	-51.77%
2001	N/A	-40.58%
2000	N/A	-32.43%
1999	N/A	+58.26%

ECO vs FORTY Drawdown Comparison

The maximum drawdown for ECO was -46.15%, occurring on Dec 20, 2024. Recovery took 262 trading sessions.

The maximum drawdown for FORTY was -92.58%, occurring on Mar 9, 2009. Recovery took 4147 trading sessions.

The current ECO drawdown is -12.87%. The current FORTY drawdown is -28.00%.

Rank	ECO	FORTY
#1	-46.15% Oct 7, 2024 - Oct 23, 2025	-92.58% Mar 1, 2000 - Aug 24, 2016
#2	-20.37% Nov 3, 2023 - Jan 30, 2024	-54.37% Nov 15, 2021 - Jun 30, 2025
#3	-17.67% May 28, 2024 - Sep 19, 2024	-49.16% Jan 13, 2020 - May 20, 2020
#4	-17.66% Nov 18, 2025 - Jan 13, 2026	-41.95% Dec 24, 2025 - Mar 31, 2026
#5	-17.57% Mar 2, 2026 - Apr 27, 2026	-27.54% Jan 22, 2018 - Apr 4, 2019
#6	-13.83% May 5, 2026 - May 29, 2026	-23.56% Aug 18, 2020 - Aug 30, 2021
#7	-10.81% Aug 31, 2023 - Sep 22, 2023	-20.24% Jul 7, 2025 - Sep 5, 2025
#8	-8.08% Sep 27, 2023 - Oct 16, 2023	-19.64% May 16, 2017 - Jan 8, 2018
#9	-7.93% Jan 13, 2026 - Feb 2, 2026	-18.13% Jan 20, 2000 - Feb 7, 2000
#10	-7.52% Jan 30, 2024 - Feb 16, 2024	-17.61% Dec 14, 1999 - Jan 14, 2000
#11	-7.03% Oct 31, 2025 - Nov 12, 2025	-13.99% Jun 18, 2020 - Aug 4, 2020
#12	-6.37% Feb 26, 2024 - Mar 15, 2024	-13.85% Dec 12, 2019 - Jan 13, 2020
#13	-6.02% Aug 14, 2023 - Aug 31, 2023	-13.33% Jan 6, 2017 - Feb 23, 2017
#14	-5.62% Apr 11, 2024 - May 3, 2024	-12.66% Apr 10, 2019 - Jul 10, 2019
#15	-5.17% Sep 19, 2024 - Oct 2, 2024	-11.98% Sep 12, 2025 - Oct 9, 2025

Correlation

Correlation between ECO and FORTY is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.59

-101

Dividend Comparison (2001 - 2026)

ECO vs FORTY dividend yield comparison.

Year	ECO	FORTY
2026	7.44%	10.43%
2025	6.26%	1.43%
2024	15.57%	1.42%
2023	7.84%	0.95%
2022	0.00%	2.00%
2021	0.00%	1.02%
2020	0.00%	0.61%
2019	0.00%	1.22%
2018	0.00%	1.61%
2017	0.00%	0.58%
2016	0.00%	2.04%
2015	0.00%	2.34%
2014	0.00%	2.50%
2013	0.00%	1.03%
2011	0.00%	3.71%
2010	0.00%	6.25%
2009	0.00%	16.19%
2008	0.00%	9.10%
2006	0.00%	9.18%
2005	0.00%	28.66%
2001	0.00%	3.64%