FORTY vs ULCC

Comparison between Formula Systems (1985) Ltd (FORTY, Company) and Frontier Group Holdings Inc (ULCC, Company).

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

5-Year PerformanceFORTY has outperformed ULCC, delivering a return of +6.7% compared to -15.3%

FORTY vs ULCC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FORTY(COMPANY)	ULCC(COMPANY)
Market Cap	$1.55B	$1.54B
Max Drawdown	95.97%	87.04%
Sharpe Ratio	0.10	0.81
5Y Beta	0.36	2.27
Industry	Information Technology Services	Airlines
P/E Ratio	19.41	-4.20
Forward P/E	9.23	13.95
PEG Ratio	0.79	N/A
Dividend Yield	2.27%	N/A
5Y Dividends CAGR	70.76%	N/A
5Y EPS CAGR	-10.90%	4.83%
Debt to Equity	12.91%	262.61%
Free Cash Flow Yield	20.98%	-25.92%
P/S Ratio	0.61	0.37
P/B Ratio	1.19	11.47

Market Cap

Winner

FORTY

$1.55B

ULCC

$1.54B

Max Drawdown

FORTY

95.97%

Winner

ULCC

87.04%

Sharpe Ratio

FORTY

0.10

Winner

ULCC

0.81

5Y Beta

Winner

FORTY

0.36

ULCC

2.27

Industry

FORTY

Information Technology Services

ULCC

Airlines

P/E Ratio

FORTY

19.41

Winner

ULCC

-4.20

Forward P/E

Winner

FORTY

9.23

ULCC

13.95

PEG Ratio

FORTY

0.79

ULCC

N/A

Dividend Yield

FORTY

2.27%

ULCC

N/A

5Y Dividends CAGR

FORTY

70.76%

ULCC

N/A

5Y EPS CAGR

FORTY

-10.90%

Winner

ULCC

4.83%

Debt to Equity

Winner

FORTY

12.91%

ULCC

262.61%

Free Cash Flow Yield

Winner

FORTY

20.98%

ULCC

-25.92%

P/S Ratio

FORTY

0.61

Winner

ULCC

0.37

P/B Ratio

Winner

FORTY

1.19

ULCC

11.47

FORTY vs ULCC - Historical Returns

Returns include dividend reinvestment.

Period	FORTY	ULCC
1 month	-1.60%	+4.61%
3 months	-15.51%	+37.94%
6 months	+0.72%	+25.05%
1 year	-2.23%	+51.02%
5 years(CAGR)	+6.69%	-15.31%
10 years(CAGR)	+14.08%	N/A
Max(CAGR)	+9.46%	-17.55%

FORTY

-1.60%

Winner

ULCC

+4.61%

FORTY

-15.51%

Winner

ULCC

+37.94%

FORTY

+0.72%

Winner

ULCC

+25.05%

FORTY

-2.23%

Winner

ULCC

+51.02%

5Y(CAGR)

Winner

FORTY

+6.69%

ULCC

-15.31%

10Y(CAGR)

FORTY

+14.08%

ULCC

N/A

Max(CAGR)

Winner

FORTY

+9.46%

ULCC

-17.55%

FORTY vs ULCC - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FORTY	ULCC
2026	-28.45%	+46.39%
2025	+105.36%	-34.85%
2024	+39.05%	+33.90%
2023	-6.65%	-45.94%
2022	-40.77%	-27.21%
2021	+49.74%	-28.01%
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 ULCC Drawdown Comparison

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

The maximum drawdown for ULCC was -87.04%, occurring on Aug 12, 2024. This drawdown has not yet recovered.

The current FORTY drawdown is -37.10%. The current ULCC drawdown is -69.47%.

Rank	FORTY	ULCC
#1	-92.58% Mar 1, 2000 - Aug 24, 2016	-87.04% Jun 1, 2021 - Aug 12, 2024
#2	-54.37% Nov 15, 2021 - Jun 30, 2025	-12.21% Apr 9, 2021 - Jun 1, 2021
#3	-49.16% Jan 13, 2020 - May 20, 2020	N/A
#4	-41.95% Dec 24, 2025 - Mar 31, 2026	N/A
#5	-27.54% Jan 22, 2018 - Apr 4, 2019	N/A
#6	-23.56% Aug 18, 2020 - Aug 30, 2021	N/A
#7	-20.24% Jul 7, 2025 - Sep 5, 2025	N/A
#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