FORTY vs ECO

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

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

FORTY vs ECO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

FORTY

$1.94B

Winner

ECO

$1.95B

Max Drawdown

FORTY

95.97%

Winner

ECO

49.00%

Sharpe Ratio

FORTY

0.63

Winner

ECO

2.29

5Y Beta

Winner

FORTY

0.35

ECO

0.57

Industry

FORTY

Information Technology Services

ECO

Marine Shipping

P/E Ratio

FORTY

24.40

Winner

ECO

9.02

Forward P/E

FORTY

9.23

Winner

ECO

3.88

PEG Ratio

FORTY

1.00

Winner

ECO

0.07

Dividend Yield

FORTY

1.79%

Winner

ECO

6.56%

5Y Dividends CAGR

FORTY

70.76%

ECO

N/A

5Y EPS CAGR

FORTY

-10.90%

Winner

ECO

22.09%

Debt to Equity

Winner

FORTY

12.91%

ECO

94.18%

Free Cash Flow Yield

Winner

FORTY

16.69%

ECO

-1.68%

P/S Ratio

Winner

FORTY

0.78

ECO

18.59

P/B Ratio

Winner

FORTY

1.51

ECO

2.54

FORTY vs ECO - Historical Returns

Returns include dividend reinvestment.

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

Winner

FORTY

-3.76%

ECO

-12.87%

Winner

FORTY

+6.70%

ECO

+1.63%

FORTY

-18.77%

Winner

ECO

+37.86%

FORTY

+25.56%

Winner

ECO

+140.25%

5Y(CAGR)

FORTY

+10.84%

ECO

N/A

10Y(CAGR)

FORTY

+17.26%

ECO

N/A

Max(CAGR)

FORTY

+10.09%

Winner

ECO

+40.26%

FORTY vs ECO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

FORTY vs ECO Drawdown Comparison

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

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

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

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

Correlation

Correlation between FORTY and ECO 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)

FORTY vs ECO dividend yield comparison.

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