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ELBIT SYSTEMS LTD (ESLT) Stock Fundamental Analysis

NASDAQ:ESLT - Nasdaq - IL0010811243 - Common Stock - Currency: USD

449.44  -20.98 (-4.46%)

After market: 449.44 0 (0%)

Fundamental Rating

5

Overall ESLT gets a fundamental rating of 5 out of 10. We evaluated ESLT against 67 industry peers in the Aerospace & Defense industry. ESLT has an average financial health and profitability rating. ESLT shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

ESLT had positive earnings in the past year.
ESLT had a positive operating cash flow in the past year.
In the past 5 years ESLT has always been profitable.
ESLT had a positive operating cash flow in each of the past 5 years.
ESLT Yearly Net Income VS EBIT VS OCF VS FCFESLT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

1.2 Ratios

ESLT's Return On Assets of 3.12% is in line compared to the rest of the industry. ESLT outperforms 55.22% of its industry peers.
Looking at the Return On Equity, with a value of 10.73%, ESLT is in the better half of the industry, outperforming 67.16% of the companies in the same industry.
ESLT has a Return On Invested Capital of 7.64%. This is in the better half of the industry: ESLT outperforms 68.66% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ESLT is below the industry average of 8.58%.
The 3 year average ROIC (6.54%) for ESLT is below the current ROIC(7.64%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.12%
ROE 10.73%
ROIC 7.64%
ROA(3y)2.71%
ROA(5y)2.73%
ROE(3y)9.03%
ROE(5y)9.45%
ROIC(3y)6.54%
ROIC(5y)6.55%
ESLT Yearly ROA, ROE, ROICESLT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 4.95%, ESLT is in line with its industry, outperforming 55.22% of the companies in the same industry.
In the last couple of years the Profit Margin of ESLT has remained more or less at the same level.
ESLT has a Operating Margin (7.44%) which is in line with its industry peers.
ESLT's Operating Margin has been stable in the last couple of years.
ESLT has a Gross Margin (24.02%) which is comparable to the rest of the industry.
ESLT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.44%
PM (TTM) 4.95%
GM 24.02%
OM growth 3Y-3.33%
OM growth 5Y0.08%
PM growth 3Y1.23%
PM growth 5Y-1.43%
GM growth 3Y-2.23%
GM growth 5Y-0.94%
ESLT Yearly Profit, Operating, Gross MarginsESLT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ESLT is destroying value.
Compared to 1 year ago, ESLT has more shares outstanding
Compared to 5 years ago, ESLT has more shares outstanding
The debt/assets ratio for ESLT has been reduced compared to a year ago.
ESLT Yearly Shares OutstandingESLT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
ESLT Yearly Total Debt VS Total AssetsESLT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

ESLT has a debt to FCF ratio of 1.55. This is a very positive value and a sign of high solvency as it would only need 1.55 years to pay back of all of its debts.
The Debt to FCF ratio of ESLT (1.55) is better than 95.52% of its industry peers.
ESLT has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.24, ESLT is doing good in the industry, outperforming 73.13% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 1.55
Altman-Z N/A
ROIC/WACC0.83
WACC9.23%
ESLT Yearly LT Debt VS Equity VS FCFESLT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.21 indicates that ESLT should not have too much problems paying its short term obligations.
ESLT has a worse Current ratio (1.21) than 73.13% of its industry peers.
ESLT has a Quick Ratio of 1.21. 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 (0.70) than 83.58% of its industry peers.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.7
ESLT Yearly Current Assets VS Current LiabilitesESLT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 44.46% over the past year.
Measured over the past 5 years, ESLT shows a small growth in Earnings Per Share. The EPS has been growing by 6.67% on average per year.
ESLT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.86%.
The Revenue has been growing by 8.66% on average over the past years. This is quite good.
EPS 1Y (TTM)44.46%
EPS 3Y1.86%
EPS 5Y6.67%
EPS Q2Q%41.99%
Revenue 1Y (TTM)16.86%
Revenue growth 3Y8.96%
Revenue growth 5Y8.66%
Sales Q2Q%22%

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 13.78% yearly.
The Revenue is expected to grow by 10.27% on average over the next years. This is quite good.
EPS Next Y20.16%
EPS Next 2Y20.96%
EPS Next 3Y13.78%
EPS Next 5YN/A
Revenue Next Year16.11%
Revenue Next 2Y13.11%
Revenue Next 3Y10.27%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ESLT Yearly Revenue VS EstimatesESLT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B 8B
ESLT Yearly EPS VS EstimatesESLT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2021 2022 2023 2024 2025 2026 2027 2 4 6 8 10

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 47.21 indicates a quite expensive valuation of ESLT.
ESLT's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.48, ESLT is valued quite expensively.
The Price/Forward Earnings ratio is 35.07, which means the current valuation is very expensive for ESLT.
ESLT's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of ESLT to the average of the S&P500 Index (34.04), we can say ESLT is valued inline with the index average.
Industry RankSector Rank
PE 47.21
Fwd PE 35.07
ESLT Price Earnings VS Forward Price EarningsESLT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as ESLT.
77.61% of the companies in the same industry are more expensive than ESLT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 36.74
EV/EBITDA 29.41
ESLT Per share dataESLT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ESLT does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of ESLT may justify a higher PE ratio.
ESLT's earnings are expected to grow with 13.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.34
PEG (5Y)7.07
EPS Next 2Y20.96%
EPS Next 3Y13.78%

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5

5. Dividend

5.1 Amount

With a yearly dividend of 0.46%, ESLT is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.19, ESLT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, ESLT's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.46%

5.2 History

The dividend of ESLT has a limited annual growth rate of 2.56%.
ESLT has been paying a dividend for at least 10 years, so it has a reliable track record.
ESLT has decreased its dividend recently.
Dividend Growth(5Y)2.56%
Div Incr Years0
Div Non Decr Years1
ESLT Yearly Dividends per shareESLT Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

25.10% of the earnings are spent on dividend by ESLT. This is a low number and sustainable payout ratio.
The dividend of ESLT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.1%
EPS Next 2Y20.96%
EPS Next 3Y13.78%
ESLT Yearly Income VS Free CF VS DividendESLT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M
ESLT Dividend Payout.ESLT Dividend Payout, showing the Payout Ratio.ESLT Dividend Payout.PayoutRetained Earnings

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ELBIT SYSTEMS LTD

NASDAQ:ESLT (8/8/2025, 8:00:02 PM)

After market: 449.44 0 (0%)

449.44

-20.98 (-4.46%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)05-20 2025-05-20/bmo
Earnings (Next)08-13 2025-08-13/bmo
Inst Owners20%
Inst Owner Change1.27%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap20.83B
Analysts80
Price Target1.15 (-99.74%)
Short Float %0.42%
Short Ratio0.73
Dividend
Industry RankSector Rank
Dividend Yield 0.46%
Yearly Dividend2
Dividend Growth(5Y)2.56%
DP25.1%
Div Incr Years0
Div Non Decr Years1
Ex-Date06-24 2025-06-24 (0.6)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.64%
Min EPS beat(2)9.55%
Max EPS beat(2)33.74%
EPS beat(4)4
Avg EPS beat(4)18.75%
Min EPS beat(4)9.55%
Max EPS beat(4)33.74%
EPS beat(8)6
Avg EPS beat(8)12.11%
EPS beat(12)7
Avg EPS beat(12)2.77%
EPS beat(16)9
Avg EPS beat(16)2.99%
Revenue beat(2)2
Avg Revenue beat(2)8.19%
Min Revenue beat(2)6.29%
Max Revenue beat(2)10.09%
Revenue beat(4)4
Avg Revenue beat(4)5.61%
Min Revenue beat(4)1.32%
Max Revenue beat(4)10.09%
Revenue beat(8)8
Avg Revenue beat(8)4.49%
Revenue beat(12)8
Avg Revenue beat(12)2.1%
Revenue beat(16)12
Avg Revenue beat(16)3.18%
PT rev (1m)25.25%
PT rev (3m)34.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)26.6%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.17%
Revenue NY rev (1m)1.96%
Revenue NY rev (3m)1.96%
Valuation
Industry RankSector Rank
PE 47.21
Fwd PE 35.07
P/S 2.9
P/FCF 36.74
P/OCF 28.74
P/B 6.3
P/tB 14.22
EV/EBITDA 29.41
EPS(TTM)9.52
EY2.12%
EPS(NY)12.82
Fwd EY2.85%
FCF(TTM)12.23
FCFY2.72%
OCF(TTM)15.64
OCFY3.48%
SpS154.72
BVpS71.31
TBVpS31.6
PEG (NY)2.34
PEG (5Y)7.07
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 10.73%
ROCE 9.33%
ROIC 7.64%
ROICexc 8.25%
ROICexgc 12.11%
OM 7.44%
PM (TTM) 4.95%
GM 24.02%
FCFM 7.91%
ROA(3y)2.71%
ROA(5y)2.73%
ROE(3y)9.03%
ROE(5y)9.45%
ROIC(3y)6.54%
ROIC(5y)6.55%
ROICexc(3y)6.82%
ROICexc(5y)6.87%
ROICexgc(3y)10.63%
ROICexgc(5y)9.77%
ROCE(3y)7.86%
ROCE(5y)7.77%
ROICexcg growth 3Y6.01%
ROICexcg growth 5Y-0.92%
ROICexc growth 3Y0.39%
ROICexc growth 5Y1.53%
OM growth 3Y-3.33%
OM growth 5Y0.08%
PM growth 3Y1.23%
PM growth 5Y-1.43%
GM growth 3Y-2.23%
GM growth 5Y-0.94%
F-Score7
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 1.55
Debt/EBITDA 1.16
Cap/Depr 98.37%
Cap/Sales 2.2%
Interest Coverage 250
Cash Conversion 104.45%
Profit Quality 159.89%
Current Ratio 1.21
Quick Ratio 0.7
Altman-Z N/A
F-Score7
WACC9.23%
ROIC/WACC0.83
Cap/Depr(3y)125.48%
Cap/Depr(5y)118.24%
Cap/Sales(3y)3.33%
Cap/Sales(5y)3.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)44.46%
EPS 3Y1.86%
EPS 5Y6.67%
EPS Q2Q%41.99%
EPS Next Y20.16%
EPS Next 2Y20.96%
EPS Next 3Y13.78%
EPS Next 5YN/A
Revenue 1Y (TTM)16.86%
Revenue growth 3Y8.96%
Revenue growth 5Y8.66%
Sales Q2Q%22%
Revenue Next Year16.11%
Revenue Next 2Y13.11%
Revenue Next 3Y10.27%
Revenue Next 5YN/A
EBIT growth 1Y40.16%
EBIT growth 3Y5.33%
EBIT growth 5Y8.74%
EBIT Next Year56.61%
EBIT Next 3Y26.58%
EBIT Next 5YN/A
FCF growth 1Y967.23%
FCF growth 3Y11.86%
FCF growth 5YN/A
OCF growth 1Y450.7%
OCF growth 3Y8.64%
OCF growth 5YN/A