ULCC vs FORTY

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

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

5-Year PerformanceFORTY has outperformed ULCC, delivering a return of +6.7% compared to -15.0%

ULCC vs FORTY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ULCC(COMPANY)	FORTY(COMPANY)
Market Cap	$1.54B	$1.55B
Max Drawdown	87.04%	95.97%
Sharpe Ratio	1.20	0.14
5Y Beta	2.28	0.37
Industry	Airlines	Information Technology Services
P/E Ratio	-4.20	19.41
Forward P/E	13.95	9.23
PEG Ratio	N/A	0.79
Dividend Yield	N/A	2.31%
5Y Dividends CAGR	N/A	70.76%
5Y EPS CAGR	4.83%	-10.90%
Debt to Equity	262.61%	12.91%
Free Cash Flow Yield	-25.92%	20.98%

Market Cap

ULCC

$1.54B

Winner

FORTY

$1.55B

Max Drawdown

Winner

ULCC

87.04%

FORTY

95.97%

Sharpe Ratio

Winner

ULCC

1.20

FORTY

0.14

5Y Beta

ULCC

2.28

Winner

FORTY

0.37

Industry

ULCC

Airlines

FORTY

Information Technology Services

P/E Ratio

Winner

ULCC

-4.20

FORTY

19.41

Forward P/E

ULCC

13.95

Winner

FORTY

9.23

PEG Ratio

ULCC

N/A

FORTY

0.79

Dividend Yield

ULCC

N/A

FORTY

2.31%

5Y Dividends CAGR

ULCC

N/A

FORTY

70.76%

5Y EPS CAGR

Winner

ULCC

4.83%

FORTY

-10.90%

Debt to Equity

ULCC

262.61%

Winner

FORTY

12.91%

Free Cash Flow Yield

ULCC

-25.92%

Winner

FORTY

20.98%

ULCC vs FORTY - Historical Returns

Returns include dividend reinvestment.

Period	ULCC	FORTY
1 month	+3.81%	-1.60%
3 months	+44.49%	-13.96%
6 months	+27.48%	+0.72%
1 year	+47.62%	-4.17%
5 years(CAGR)	-14.99%	+6.69%
10 years(CAGR)	N/A	+14.07%
Max(CAGR)	-17.26%	+9.46%

Winner

ULCC

+3.81%

FORTY

-1.60%

Winner

ULCC

+44.49%

FORTY

-13.96%

Winner

ULCC

+27.48%

FORTY

+0.72%

Winner

ULCC

+47.62%

FORTY

-4.17%

5Y(CAGR)

ULCC

-14.99%

Winner

FORTY

+6.69%

10Y(CAGR)

ULCC

N/A

FORTY

+14.07%

Max(CAGR)

ULCC

-17.26%

Winner

FORTY

+9.46%

ULCC vs FORTY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ULCC	FORTY
2026	+49.23%	-28.45%
2025	-34.85%	+105.36%
2024	+33.90%	+39.05%
2023	-45.94%	-6.65%
2022	-27.21%	-40.77%
2021	-28.01%	+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%

ULCC vs FORTY Drawdown Comparison

The maximum drawdown for ULCC was -87.04%, occurring on Aug 12, 2024. 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 ULCC drawdown is -68.87%. The current FORTY drawdown is -37.10%.

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