FORTY vs FLYW

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

Both FORTY and FLYW are from the Technology sector.

5-Year PerformanceFORTY has outperformed FLYW, delivering a return of +9.8% compared to -13.5%

FORTY vs FLYW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FORTY(COMPANY)	FLYW(COMPANY)
Market Cap	$1.73B	$1.73B
Max Drawdown	95.97%	84.40%
Sharpe Ratio	0.58	0.90
5Y Beta	0.36	0.99
Industry	Information Technology Services	Software - Infrastructure
P/E Ratio	21.72	56.93
Forward P/E	9.23	19.88
PEG Ratio	0.89	0.11
Dividend Yield	2.04%	N/A
5Y Dividends CAGR	70.76%	N/A
5Y EPS CAGR	-10.90%	N/A
Debt to Equity	12.91%	0.00%
Free Cash Flow Yield	18.75%	9.37%
P/S Ratio	0.68	2.57
P/B Ratio	1.34	2.06

Market Cap

Winner

FORTY

$1.73B

FLYW

$1.73B

Max Drawdown

FORTY

95.97%

Winner

FLYW

84.40%

Sharpe Ratio

FORTY

0.58

Winner

FLYW

0.90

5Y Beta

Winner

FORTY

0.36

FLYW

0.99

Industry

FORTY

Information Technology Services

FLYW

Software - Infrastructure

P/E Ratio

Winner

FORTY

21.72

FLYW

56.93

Forward P/E

Winner

FORTY

9.23

FLYW

19.88

PEG Ratio

FORTY

0.89

Winner

FLYW

0.11

Dividend Yield

FORTY

2.04%

FLYW

N/A

5Y Dividends CAGR

FORTY

70.76%

FLYW

N/A

5Y EPS CAGR

FORTY

-10.90%

FLYW

N/A

Debt to Equity

FORTY

12.91%

Winner

FLYW

0.00%

Free Cash Flow Yield

Winner

FORTY

18.75%

FLYW

9.37%

P/S Ratio

Winner

FORTY

0.68

FLYW

2.57

P/B Ratio

Winner

FORTY

1.34

FLYW

2.06

FORTY vs FLYW - Historical Returns

Returns include dividend reinvestment.

Period	FORTY	FLYW
1 month	-12.81%	-11.70%
3 months	+2.00%	+17.77%
6 months	-26.21%	-0.41%
1 year	+27.73%	+36.33%
5 years(CAGR)	+9.77%	-13.54%
10 years(CAGR)	+16.53%	N/A
Max(CAGR)	+9.82%	-15.83%

FORTY

-12.81%

Winner

FLYW

-11.70%

FORTY

+2.00%

Winner

FLYW

+17.77%

FORTY

-26.21%

Winner

FLYW

-0.41%

FORTY

+27.73%

Winner

FLYW

+36.33%

5Y(CAGR)

Winner

FORTY

+9.77%

FLYW

-13.54%

10Y(CAGR)

FORTY

+16.53%

FLYW

N/A

Max(CAGR)

Winner

FORTY

+9.82%

FLYW

-15.83%

FORTY vs FLYW - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FORTY	FLYW
2026	-23.05%	+5.83%
2025	+105.36%	-29.55%
2024	+39.05%	-9.36%
2023	-6.65%	-3.26%
2022	-40.77%	-36.36%
2021	+49.74%	+8.43%
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 FLYW Drawdown Comparison

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

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

The current FORTY drawdown is -32.35%. The current FLYW drawdown is -72.74%.

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

Correlation

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

-0.38

-101