ELBIT SYSTEMS LTD (ESLT)
IL0010811243 - Common Stock
Overall ESLT gets a fundamental rating of 3 out of 10. We evaluated ESLT against 64 industry peers in the Aerospace & Defense industry. ESLT has a medium profitability rating, but doesn't score so well on its financial health evaluation. ESLT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ESLT was profitable.
In the past year ESLT had a positive cash flow from operations.
In the past 5 years ESLT has always been profitable.
ESLT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
ESLT has a Return On Assets of 2.21%. This is comparable to the rest of the industry: ESLT outperforms 53.97% of its industry peers.
With a decent Return On Equity value of 7.30%, ESLT is doing good in the industry, outperforming 66.67% of the companies in the same industry.
The Return On Invested Capital of ESLT (6.10%) is better than 60.32% of its industry peers.
ESLT had an Average Return On Invested Capital over the past 3 years of 6.62%. This is below the industry average of 8.72%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.21% | ||
| ROE | 7.3% | ||
| ROIC | 6.1% |
ROA(3y)2.59%
ROA(5y)2.76%
ROE(3y)8.92%
ROE(5y)9.62%
ROIC(3y)6.62%
ROIC(5y)6.55%
1.3 Margins
With a Profit Margin value of 3.60%, ESLT perfoms like the industry average, outperforming 53.97% of the companies in the same industry.
In the last couple of years the Profit Margin of ESLT has declined.
ESLT's Operating Margin of 6.18% is in line compared to the rest of the industry. ESLT outperforms 53.97% of its industry peers.
ESLT's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 24.82%, ESLT perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
ESLT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.18% | ||
| PM (TTM) | 3.6% | ||
| GM | 24.82% |
OM growth 3Y-4.01%
OM growth 5Y-4.92%
PM growth 3Y-10.94%
PM growth 5Y-8.49%
GM growth 3Y-0.22%
GM growth 5Y-1.3%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ESLT is destroying value.
The number of shares outstanding for ESLT has been increased compared to 1 year ago.
The number of shares outstanding for ESLT has been increased compared to 5 years ago.
ESLT has a worse debt/assets ratio than last year.
2.2 Solvency
ESLT has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.33, ESLT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.7
WACC8.76%
2.3 Liquidity
A Current Ratio of 1.14 indicates that ESLT should not have too much problems paying its short term obligations.
The Current ratio of ESLT (1.14) is worse than 69.84% of its industry peers.
ESLT has a Quick Ratio of 1.14. This is a bad value and indicates that ESLT is not financially healthy enough and could expect problems in meeting its short term obligations.
ESLT has a worse Quick ratio (0.67) than 87.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.46% over the past year.
ESLT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.05% yearly.
ESLT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.40%.
Measured over the past years, ESLT shows a quite strong growth in Revenue. The Revenue has been growing by 10.16% on average per year.
EPS 1Y (TTM)7.46%
EPS 3Y-3.54%
EPS 5Y-0.05%
EPS growth Q2Q-7.14%
Revenue 1Y (TTM)8.4%
Revenue growth 3Y8.62%
Revenue growth 5Y10.16%
Revenue growth Q2Q7.92%
3.2 Future
ESLT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.89% yearly.
ESLT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.86% yearly.
EPS Next Y15.22%
EPS Next 2Y16.92%
EPS Next 3Y11.89%
EPS Next 5YN/A
Revenue Next Year8%
Revenue Next 2Y6.66%
Revenue Next 3Y5.86%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 31.22, which means the current valuation is very expensive for ESLT.
66.67% of the companies in the same industry are more expensive than ESLT, based on the Price/Earnings ratio.
ESLT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.28.
ESLT is valuated quite expensively with a Price/Forward Earnings ratio of 27.10.
ESLT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ESLT is cheaper than 69.84% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ESLT to the average of the S&P500 Index (20.88), we can say ESLT is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.22 | ||
| Fwd PE | 27.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ESLT is valued a bit cheaper than the industry average as 69.84% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.31 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.05
PEG (5Y)N/A
EPS Next 2Y16.92%
EPS Next 3Y11.89%
5. Dividend
5.1 Amount
ESLT has a yearly dividend return of 1.00%, which is pretty low.
ESLT's Dividend Yield is rather good when compared to the industry average which is at 1.32. ESLT pays more dividend than 82.54% of the companies in the same industry.
With a Dividend Yield of 1.00, ESLT pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
5.2 History
The dividend of ESLT has a limited annual growth rate of 2.68%.
ESLT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)2.68%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
41.49% of the earnings are spent on dividend by ESLT. This is a bit on the high side, but may be sustainable.
ESLT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP41.49%
EPS Next 2Y16.92%
EPS Next 3Y11.89%
ELBIT SYSTEMS LTD
NASDAQ:ESLT (5/3/2024, 7:00:01 PM)
202.33
+0.93 (+0.46%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap9.00B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.22 | ||
| Fwd PE | 27.1 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.05
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.21% | ||
| ROE | 7.3% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.18% | ||
| PM (TTM) | 3.6% | ||
| GM | 24.82% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)7.46%
EPS 3Y-3.54%
EPS 5Y
EPS growth Q2Q
EPS Next Y15.22%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)8.4%
Revenue growth 3Y8.62%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y