FORTY - רווח לפני ניכוי ריבית, מסים, בלאי ופחת Formula Systems (1985) Ltd.

Formula Systems controls a network of software developers for the financial sector, creating a critical client dependency on its products. Aggregated EBITDA demonstrates the efficiency of core operations, where the indicator reaches 0.00. The holding company develops banking and telecom solutions through global alliances. Stability of competencies is ensured by the decentralized hiring of leading architects, which eliminates the risk of losing key personnel.

Formula Systems' control over Israeli IT assets and its unique talent pool translate into the cash flow measured by this indicator. By analyzing the company's operating result before depreciation and amortization, an investor can see the net profit before taxes and interest, which allows for an assessment of the business model's real efficiency and the capital's ability to generate sustainable income amidst fierce competition.