1. Hungary Stocks

  2. •

    Finance

  3. •

    Investment managers
Forras Trust and Investment Company

Forras Trust and Investment Company

1,740.00
HUF
-40.00
(-2.25%)
9.90BMarket Cap
Forras Trust and Investment Company
BUD:FORRAS/T
(Budapest Stock Exchange)

Recent

price

1,740.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HUF
943.95
1,484.93
2,283.91
1,653.99
1,479.5
362.47
345.84
332.17
355.72
466.64
433.38
811.01
1,747.46
4,248.54
4,201.75
3,570.7
- -
Revenue per Share
359.4
562.34
409.51
125.91
69.8
-242.82
-760.62
188.71
97.61
143.33
135.53
241.91
1,447.76
1,076.84
2,157.43
755.38
- -
Basic EPS, GAAP
829.55
195.82
1,175.39
145.67
49.68
-29.19
-1,827.82
686.16
-221
522.84
190.76
-2,814.15
715.02
-356.11
968.8
-535.15
- -
Free Cash Flow per Basic Share
- -
- -
40
40
40
40
40
40
40
65.76
40
40
76.66
215.7
40.04
40.04
- -
Dividend per Share
4,448.87
5,011.21
5,419.06
4,708.02
4,779.46
4,505.8
3,704.53
4,653.24
4,667.63
4,067.98
4,290.88
4,485.5
5,687.07
6,579.04
8,594.2
9,236.6
8,594.2
Book Value per Share
4,283.5
4,868.42
5,260.49
4,559.71
4,716.18
4,462.13
3,691.34
4,640.69
4,655.24
4,053.09
4,276.4
4,288.76
5,073.75
5,813.15
7,869
8,547.8
7,869
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
Basic Weighted Avg Shares
4,720
7,425
11,420
8,270
7,397
1,812
1,729
1,661
1,779
2,333
2,167
4,055
8,737
21,226
20,987
17,835
- -
Sales/Revenue/Turnover
2.22
22.37
27.51
26.41
29.57
15.24
13.73
14.36
2.29
19.72
10.4
32.49
38.59
5.38
5.43
-4.88
- -
Operating Margin (%)
745
1,092
1,437
1,455
1,305
1,152
215
226
240
283
567
361
814
1,565
2,144
2,102
- -
Depreciation Expense
1,797
2,812
2,048
630
349
-1,214
-3,803
944
488
717
678
1,210
7,239
5,380
10,776
3,773
- -
Net Income, GAAP
18.65
2.16
7.18
13.94
7.73
36.64
- -
13.49
7.64
6.21
7.8
16.11
10.03
- -
5.28
18.77
- -
Effective Tax Rate (%)
38.07
37.87
17.93
7.61
4.72
-66.99
-219.94
56.81
27.44
30.72
31.27
29.83
82.85
25.35
51.35
21.16
- -
Profit Margin (%)
1,322
14,648
9,108
5,995
3,246
2,953
7,012
6,818
12,296
9,580
31,663
25,589
18,117
15,276
14,461
16,637
14,461
Working Capital
3,823
3,566
3,247
2,558
2,073
857
575
449
279
227
28
271
22,955
33,315
32,960
30,395
32,960
LT Debt
24,239
27,521
31,558
32,541
32,263
30,926
24,224
25,003
25,303
26,373
27,213
28,487
35,330
40,420
50,129
54,532
50,129
Total Equity
0.28
4.97
5.75
2.03
2.58
0.36
- -
0.18
3.3
1.16
1.86
2.45
8.82
- -
3.61
-1.08
- -
Return on Invested Capital (%)
6.66
9.37
5.89
1.68
1.1
-3.54
- -
3.87
0.73
2.01
2.76
6.24
17.45
- -
15.05
5.61
- -
Return on Capital (%)
8.21
11.89
7.85
2.49
1.47
-5.23
-18.53
4.52
2.09
3.28
3.24
5.51
28.46
17.54
28.41
8.46
- -
Return on Common Equity (%)

Capital Structure

HUF

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
4,882
4,778
5,711
LT Borrowings
33,237
33,003
32,619
LT Finance Leases
78
117
341
Preferred Equity and Hybrid Capital
4,000
4,000
4,000
Shares Outstanding
5
5
5
Market Capitalization
9,000
10,000
9,900

Working Capital

HUF

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
29,147
28,172
28,549
Cash, Cash Equivalents & STI
18,411
17,711
16,612
Accounts Receivable, Net
1,715
2,298
1,444
Inventories
3,658
3,764
3,862
Total Current Liabilities
13,871
13,130
14,088
Payables & Accruals
- -
- -
- -
ST Debt
4,882
4,778
5,711
Deferred Revenue
- -
- -
- -

Growth Rates

HUF

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.61%
15.18%
8.78%
Free Cash Flow
311.36%
-475.52%
-155.24%
Net Income, GAAP
66.82%
117.32%
-64.99%
Sales/Revenue/Turnover
35.2%
65.88%
-15.02%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HUF

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
21,226
2024
- -
- -
20,987
2025
- -
- -
17,835

Semi-annual Earnings Per Share

HUF

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,076.84
2024
- -
- -
2,157.43
2025
- -
- -
755.38

Semi-annual Dividends Per Share

HUF

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
215.7
2024
- -
- -
40.04
2025
- -
- -
40.04
Similar Companies
Morgan Stanley (NYSE:MS)
BlackRock, Inc. (NYSE:BLK)
Motilal Oswal Financial Services Limited (NSE:MOTILALOFS)
HDFC Asset Management Co. Ltd. (NSE:HDFCAMC)
Blackstone Inc. (NYSE:BX)
360 One Wam Limited (NSE:360ONE)
Business
Forras Trust and Investment Company (Forrás Vagyonkezelési és Befektetési Nyrt.) is a Hungary-based asset management and investment holding company primarily engaged in real estate investment, property development, and capital market operations. Founded in 1993 and headquartered in Budapest, Hungary, the company focuses on managing and expanding a diversified portfolio of physical assets and financial holdings across the domestic market. The company operates through distinct business divisions, offering an extensive range of products and services that include commercial real estate leasing and property operations, encompassing office complexes, retail units, and logistics and industrial facilities; residential real estate development, property acquisition, and sales; comprehensive property and facility management services, including tenant administration, building maintenance, technical infrastructure management, and asset valuation; hospitality and leisure property administration, including the ownership and oversight of hotel and recreational properties; and financial asset management, comprising equity participations in Hungarian commercial enterprises, fixed-income securities investments, money market placements, treasury operations, and strategic corporate financing. In recent developments, Forras Trust and Investment Company has undertaken a targeted strategic reorganization to streamline its holding structure and optimize operational performance. The company has focused capital allocation on high-yield commercial real estate assets, executed energy-efficiency and sustainability modernization initiatives across its primary leased properties, divested select non-core holdings, and expanded its portfolio of long-term commercial lease agreements to reinforce stable cash flow generation and enhance shareholder value on the Budapest Stock Exchange.