ELBIT SYSTEMS LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 70,300 ILa | -1.25% |
|
-3.71% | -9.29% |
| May. 28 | Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Tuesday as Earnings Season Wanes | MT |
| May. 28 | Transcript : Elbit Systems Ltd., Q1 2024 Earnings Call, May 28, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,882 | 5,819 | 7,681 | 7,228 | 9,516 | 8,438 | - | - |
| Enterprise Value (EV) 2 | 7,509 | 6,280 | 7,885 | 7,473 | 10,354 | 9,328 | 9,193 | 8,943 |
| P/E ratio | - | - | - | - | - | - | - | - |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.53 x | 1.25 x | 1.46 x | 1.31 x | 1.59 x | 1.32 x | 1.25 x | 1.2 x |
| EV / Revenue | 1.67 x | 1.35 x | 1.49 x | 1.36 x | 1.73 x | 1.45 x | 1.37 x | 1.27 x |
| EV / EBITDA | - | 13.2 x | 13.7 x | 14.1 x | 16.5 x | 14.6 x | 13.2 x | 11.9 x |
| EV / FCF | -39.3 x | 42.8 x | 34.5 x | 214 x | -141 x | 359 x | 38.8 x | 26.3 x |
| FCF Yield | -2.54% | 2.33% | 2.9% | 0.47% | -0.71% | 0.28% | 2.58% | 3.8% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 44,162 | 44,198 | 44,255 | 44,338 | 44,348 | 44,476 | - | - |
| Reference price 3 | 537.6 | 423.1 | 539.0 | 572.4 | 775.0 | 703.0 | 703.0 | 703.0 |
| Announcement Date | 3/25/20 | 3/24/21 | 3/29/22 | 3/28/23 | 3/26/24 | - | - | - |
1ILS in Million2USD in Million3
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,508 | 4,663 | 5,279 | 5,512 | 5,975 | 6,413 | 6,728 | 7,059 |
| EBITDA 1 | - | 474.2 | 576.9 | 528.4 | 625.6 | 639 | 694 | 751 |
| EBIT 1 | 321.6 | 390.1 | 450.8 | 356.6 | 448.7 | 505 | 540 | 588 |
| Operating Margin | 7.13% | 8.37% | 8.54% | 6.47% | 7.51% | 7.87% | 8.03% | 8.33% |
| Earnings before Tax (EBT) 1 | 246.3 | 261.8 | 383.5 | 292.6 | 226.5 | 343 | 397 | 458 |
| Net income 1 | 227.9 | 237.7 | 274.4 | 275.4 | 215.1 | 302 | 345 | 396 |
| Net margin | 5.05% | 5.1% | 5.2% | 5% | 3.6% | 4.71% | 5.13% | 5.61% |
| EPS | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -190.9 | 146.6 | 228.3 | 34.96 | -73.6 | 26 | 237 | 340 |
| FCF margin | -4.23% | 3.14% | 4.33% | 0.63% | -1.23% | 0.41% | 3.52% | 4.82% |
| FCF Conversion (EBITDA) | - | 30.92% | 39.57% | 6.62% | - | 4.07% | 34.15% | 45.27% |
| FCF Conversion (Net income) | - | 61.7% | 83.22% | 12.69% | - | 8.61% | 68.7% | 85.86% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/25/20 | 3/24/21 | 3/29/22 | 3/28/23 | 3/26/24 | - | - | - |
1USD in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,364 | 1,494 | 1,353 | 1,303 | 1,349 | 1,506 | 1,454 | 1,626 | 1,554 | 1,574 | 1,599 | 1,686 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 123 | 120.1 | - | - | 84.3 | - | 112.2 | 104.8 | 105.4 | 122 | 127 | 135 |
| Operating Margin | 9.02% | 8.04% | - | - | 6.25% | - | 7.72% | 6.45% | 6.78% | 7.75% | 7.94% | 8.01% |
| Earnings before Tax (EBT) 1 | 97.1 | 97.34 | 57.87 | 93.73 | 61.85 | 79.11 | 67.85 | 22.33 | 79.48 | 82 | 87 | 95 |
| Net income 1 | 91.91 | 8.187 | 52.76 | 81.17 | 56.22 | 85.3 | 62.35 | 30.01 | 73.67 | 71 | 75 | 83 |
| Net margin | 6.74% | 0.55% | 3.9% | 6.23% | 4.17% | 5.66% | 4.29% | 1.85% | 4.74% | 4.51% | 4.69% | 4.92% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/23/21 | 3/29/22 | 5/24/22 | 8/16/22 | 11/29/22 | 3/28/23 | 8/15/23 | 3/26/24 | 5/28/24 | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 627 | 461 | 204 | 245 | 839 | 890 | 755 | 505 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.9722 x | 0.3536 x | 0.4638 x | 1.34 x | 1.393 x | 1.088 x | 0.6724 x |
| Free Cash Flow 1 | -191 | 147 | 228 | 35 | -73.6 | 26 | 237 | 340 |
| ROE (net income / shareholders' equity) | - | - | - | 10.4% | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 138 | 132 | 189 | 205 | 187 | 212 | 202 | 212 |
| Capex / Sales | 3.05% | 2.84% | 3.57% | 3.72% | 3.13% | 3.31% | 3% | 3% |
| Announcement Date | 3/25/20 | 3/24/21 | 3/29/22 | 3/28/23 | 3/26/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -9.29% | 8.42B | |
| +28.13% | 143B | |
| +15.44% | 82.11B | |
| -3.71% | 66.71B | |
| +25.35% | 53.3B | |
| +51.28% | 48.25B | |
| +6.75% | 42.65B | |
| +77.38% | 39.86B | |
| +60.84% | 25.93B | |
| +83.90% | 24.85B |
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- Financials Elbit Systems Ltd.
