FLYW vs FORTY

Comparison between Flywire Corp (FLYW, Company) and Formula Systems (1985) Ltd (FORTY, Company).

Both FLYW and FORTY are from the Technology sector.

5-Year PerformanceFORTY has outperformed FLYW, delivering a return of +9.8% compared to -13.1%

FLYW vs FORTY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLYW(COMPANY)	FORTY(COMPANY)
Market Cap	$1.73B	$1.73B
Max Drawdown	84.40%	95.97%
Sharpe Ratio	0.79	0.54
5Y Beta	1.00	0.36
Industry	Software - Infrastructure	Information Technology Services
P/E Ratio	56.93	21.72
Forward P/E	20.58	9.23
PEG Ratio	0.11	0.89
Dividend Yield	N/A	2.11%
5Y Dividends CAGR	N/A	70.76%
5Y EPS CAGR	N/A	-10.90%
Debt to Equity	0.00%	12.91%
Free Cash Flow Yield	9.37%	18.75%
P/S Ratio	2.57	0.68
P/B Ratio	2.06	1.34

Market Cap

FLYW

$1.73B

Winner

FORTY

$1.73B

Max Drawdown

Winner

FLYW

84.40%

FORTY

95.97%

Sharpe Ratio

Winner

FLYW

0.79

FORTY

0.54

5Y Beta

FLYW

1.00

Winner

FORTY

0.36

Industry

FLYW

Software - Infrastructure

FORTY

Information Technology Services

P/E Ratio

FLYW

56.93

Winner

FORTY

21.72

Forward P/E

FLYW

20.58

Winner

FORTY

9.23

PEG Ratio

Winner

FLYW

0.11

FORTY

0.89

Dividend Yield

FLYW

N/A

FORTY

2.11%

5Y Dividends CAGR

FLYW

N/A

FORTY

70.76%

5Y EPS CAGR

FLYW

N/A

FORTY

-10.90%

Debt to Equity

Winner

FLYW

0.00%

FORTY

12.91%

Free Cash Flow Yield

FLYW

9.37%

Winner

FORTY

18.75%

P/S Ratio

FLYW

2.57

Winner

FORTY

0.68

P/B Ratio

FLYW

2.06

Winner

FORTY

1.34

FLYW vs FORTY - Historical Returns

Returns include dividend reinvestment.

Period	FLYW	FORTY
1 month	-4.67%	-9.13%
3 months	+23.57%	+2.01%
6 months	+6.76%	-26.21%
1 year	+41.50%	+17.72%
5 years(CAGR)	-13.08%	+9.84%
10 years(CAGR)	N/A	+16.02%
Max(CAGR)	-15.14%	+9.82%

Winner

FLYW

-4.67%

FORTY

-9.13%

Winner

FLYW

+23.57%

FORTY

+2.01%

Winner

FLYW

+6.76%

FORTY

-26.21%

Winner

FLYW

+41.50%

FORTY

+17.72%

5Y(CAGR)

FLYW

-13.08%

Winner

FORTY

+9.84%

10Y(CAGR)

FLYW

N/A

FORTY

+16.02%

Max(CAGR)

FLYW

-15.14%

Winner

FORTY

+9.82%

FLYW vs FORTY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FLYW	FORTY
2026	+10.14%	-23.05%
2025	-29.55%	+105.36%
2024	-9.36%	+39.05%
2023	-3.26%	-6.65%
2022	-36.36%	-40.77%
2021	+8.43%	+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%

FLYW vs FORTY Drawdown Comparison

The maximum drawdown for FLYW was -84.40%, occurring on Apr 10, 2025. This drawdown has not yet recovered.

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

The current FLYW drawdown is -71.63%. The current FORTY drawdown is -32.35%.

Rank	FLYW	FORTY
#1	-84.40% Oct 14, 2021 - Apr 10, 2025	-92.58% Mar 1, 2000 - Aug 24, 2016
#2	-23.02% Jun 24, 2021 - Aug 13, 2021	-54.37% Nov 15, 2021 - Jun 30, 2025
#3	-19.91% May 26, 2021 - Jun 21, 2021	-49.16% Jan 13, 2020 - May 20, 2020
#4	-11.73% Sep 16, 2021 - Oct 13, 2021	-41.95% Dec 24, 2025 - Mar 31, 2026
#5	-6.89% Aug 16, 2021 - Aug 30, 2021	-27.54% Jan 22, 2018 - Apr 4, 2019
#6	-5.84% Sep 2, 2021 - Sep 16, 2021	-23.56% Aug 18, 2020 - Aug 30, 2021
#7	-0.11% Aug 30, 2021 - Sep 1, 2021	-20.24% Jul 7, 2025 - Sep 5, 2025
#8	N/A	-19.64% May 16, 2017 - Jan 8, 2018
#9	N/A	-18.13% Jan 20, 2000 - Feb 7, 2000
#10	N/A	-17.61% Dec 14, 1999 - Jan 14, 2000
#11	N/A	-13.99% Jun 18, 2020 - Aug 4, 2020
#12	N/A	-13.85% Dec 12, 2019 - Jan 13, 2020
#13	N/A	-13.33% Jan 6, 2017 - Feb 23, 2017
#14	N/A	-12.66% Apr 10, 2019 - Jul 10, 2019
#15	N/A	-11.98% Sep 12, 2025 - Oct 9, 2025

Correlation

Correlation between FLYW and FORTY is -0.38 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.38

-101