ELBIT SYSTEMS LTD (ESLT) Stock Fundamental Analysis
USA - NASDAQ:ESLT - IL0010811243 - Common Stock
468.565 USD
+5.09 (+1.1%)
468.5 USD
-0.06 (-0.01%)
We assign a fundamental rating of 6 out of 10 to ESLT. ESLT was compared to 71 industry peers in the Aerospace & Defense industry. Both the profitability and the financial health of ESLT get a neutral evaluation. Nothing too spectacular is happening here. ESLT is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year ESLT was profitable.
ESLT had a positive operating cash flow in the past year.
In the past 5 years ESLT has always been profitable.
Each year in the past 5 years ESLT had a positive operating cash flow.
1.2 Ratios
ESLT has a Return On Assets of 3.32%. This is comparable to the rest of the industry: ESLT outperforms 56.34% of its industry peers.
Looking at the Return On Equity, with a value of 10.20%, ESLT is in the better half of the industry, outperforming 67.61% of the companies in the same industry.
With a decent Return On Invested Capital value of 7.59%, ESLT is doing good in the industry, outperforming 70.42% of the companies in the same industry.
ESLT had an Average Return On Invested Capital over the past 3 years of 6.54%. This is in line with the industry average of 8.48%.
The 3 year average ROIC (6.54%) for ESLT is below the current ROIC(7.59%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 10.2% | ||
| ROIC | 7.59% |
ROA(3y)2.71%
ROA(5y)2.73%
ROE(3y)9.03%
ROE(5y)9.45%
ROIC(3y)6.54%
ROIC(5y)6.55%
1.3 Margins
The Profit Margin of ESLT (5.35%) is comparable to the rest of the industry.
ESLT's Profit Margin has been stable in the last couple of years.
The Operating Margin of ESLT (7.65%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ESLT has remained more or less at the same level.
ESLT has a Gross Margin of 24.02%. This is comparable to the rest of the industry: ESLT outperforms 47.89% of its industry peers.
ESLT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.65% | ||
| PM (TTM) | 5.35% | ||
| 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ESLT is destroying value.
ESLT has more shares outstanding than it did 1 year ago.
ESLT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ESLT has an improved debt to assets ratio.
2.2 Solvency
ESLT has a debt to FCF ratio of 1.07. This is a very positive value and a sign of high solvency as it would only need 1.07 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.07, ESLT belongs to the best of the industry, outperforming 97.18% of the companies in the same industry.
A Debt/Equity ratio of 0.15 indicates that ESLT is not too dependend on debt financing.
ESLT has a better Debt to Equity ratio (0.15) than 77.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.07 | ||
| Altman-Z | N/A |
ROIC/WACC0.85
WACC8.91%
2.3 Liquidity
A Current Ratio of 1.29 indicates that ESLT should not have too much problems paying its short term obligations.
ESLT has a Current ratio of 1.29. This is in the lower half of the industry: ESLT underperforms 74.65% of its industry peers.
A Quick Ratio of 0.77 indicates that ESLT may have some problems paying its short term obligations.
The Quick ratio of ESLT (0.77) is worse than 80.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
ESLT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 50.28%, which is quite impressive.
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.
Looking at the last year, ESLT shows a quite strong growth in Revenue. The Revenue has grown by 19.16% in the last year.
Measured over the past years, ESLT shows a quite strong growth in Revenue. The Revenue has been growing by 8.66% on average per year.
EPS 1Y (TTM)50.28%
EPS 3Y1.86%
EPS 5Y6.67%
EPS Q2Q%55.29%
Revenue 1Y (TTM)19.16%
Revenue growth 3Y8.96%
Revenue growth 5Y8.66%
Sales Q2Q%21.31%
3.2 Future
The Earnings Per Share is expected to grow by 21.09% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.45% on average over the next years. This is quite good.
EPS Next Y35.68%
EPS Next 2Y27.56%
EPS Next 3Y21.09%
EPS Next 5YN/A
Revenue Next Year17.6%
Revenue Next 2Y13.78%
Revenue Next 3Y11.45%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 43.91, the valuation of ESLT can be described as expensive.
Based on the Price/Earnings ratio, ESLT is valued a bit cheaper than the industry average as 60.56% of the companies are valued more expensively.
ESLT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.83.
A Price/Forward Earnings ratio of 32.87 indicates a quite expensive valuation of ESLT.
ESLT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ESLT is cheaper than 60.56% of the companies in the same industry.
ESLT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 32.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.91 | ||
| Fwd PE | 32.87 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ESLT is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ESLT indicates a somewhat cheap valuation: ESLT is cheaper than 77.46% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.9 | ||
| EV/EBITDA | 27.31 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of ESLT may justify a higher PE ratio.
ESLT's earnings are expected to grow with 21.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.23
PEG (5Y)6.58
EPS Next 2Y27.56%
EPS Next 3Y21.09%
5. Dividend
5.1 Amount
With a yearly dividend of 0.51%, ESLT is not a good candidate for dividend investing.
ESLT's Dividend Yield is a higher than the industry average which is at 1.12.
With a Dividend Yield of 0.51, ESLT pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.51% |
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
5.3 Sustainability
ESLT pays out 23.29% of its income as dividend. This is a sustainable payout ratio.
ESLT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP23.29%
EPS Next 2Y27.56%
EPS Next 3Y21.09%
468.565
+5.09 (+1.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
Inst Owners23.03%
Inst Owner Change0.44%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap21.72B
Revenue(TTM)7.52B
Net Income(TTM)401.88M
Analysts80
Price Target1.3 (-99.72%)
Short Float %0.56%
Short Ratio1.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.51% |
Yearly Dividend2
Dividend Growth(5Y)2.56%
DP23.29%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.62%
Min EPS beat(2)9.55%
Max EPS beat(2)23.7%
EPS beat(4)4
Avg EPS beat(4)20.87%
Min EPS beat(4)9.55%
Max EPS beat(4)33.74%
EPS beat(8)6
Avg EPS beat(8)15%
EPS beat(12)8
Avg EPS beat(12)6.28%
EPS beat(16)9
Avg EPS beat(16)2.85%
Revenue beat(2)2
Avg Revenue beat(2)6.23%
Min Revenue beat(2)2.37%
Max Revenue beat(2)10.09%
Revenue beat(4)4
Avg Revenue beat(4)5.87%
Min Revenue beat(4)2.37%
Max Revenue beat(4)10.09%
Revenue beat(8)8
Avg Revenue beat(8)4.38%
Revenue beat(12)9
Avg Revenue beat(12)2.6%
Revenue beat(16)12
Avg Revenue beat(16)2.77%
PT rev (1m)2.37%
PT rev (3m)36.13%
EPS NQ rev (1m)2.83%
EPS NQ rev (3m)2.05%
EPS NY rev (1m)0%
EPS NY rev (3m)12.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.91 | ||
| Fwd PE | 32.87 | ||
| P/S | 2.89 | ||
| P/FCF | 33.9 | ||
| P/OCF | 26.73 | ||
| P/B | 5.51 | ||
| P/tB | 10.32 | ||
| EV/EBITDA | 27.31 |
EPS(TTM)10.67
EY2.28%
EPS(NY)14.25
Fwd EY3.04%
FCF(TTM)13.82
FCFY2.95%
OCF(TTM)17.53
OCFY3.74%
SpS162.16
BVpS85.04
TBVpS45.39
PEG (NY)1.23
PEG (5Y)6.58
Graham Number142.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 10.2% | ||
| ROCE | 8.98% | ||
| ROIC | 7.59% | ||
| ROICexc | 8.68% | ||
| ROICexgc | 12.59% | ||
| OM | 7.65% | ||
| PM (TTM) | 5.35% | ||
| GM | 24.02% | ||
| FCFM | 8.52% |
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%
ROICexgc growth 3Y6.01%
ROICexgc 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-Score8
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.07 | ||
| Debt/EBITDA | 0.81 | ||
| Cap/Depr | 103.91% | ||
| Cap/Sales | 2.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 109.77% | ||
| Profit Quality | 159.4% | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | N/A |
F-Score8
WACC8.91%
ROIC/WACC0.85
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)50.28%
EPS 3Y1.86%
EPS 5Y6.67%
EPS Q2Q%55.29%
EPS Next Y35.68%
EPS Next 2Y27.56%
EPS Next 3Y21.09%
EPS Next 5YN/A
Revenue 1Y (TTM)19.16%
Revenue growth 3Y8.96%
Revenue growth 5Y8.66%
Sales Q2Q%21.31%
Revenue Next Year17.6%
Revenue Next 2Y13.78%
Revenue Next 3Y11.45%
Revenue Next 5YN/A
EBIT growth 1Y45.33%
EBIT growth 3Y5.33%
EBIT growth 5Y8.74%
EBIT Next Year60.89%
EBIT Next 3Y28.02%
EBIT Next 5YN/A
FCF growth 1Y2084.96%
FCF growth 3Y11.86%
FCF growth 5YN/A
OCF growth 1Y399.1%
OCF growth 3Y8.64%
OCF growth 5YN/A
ELBIT SYSTEMS LTD / ESLT FAQ
Can you provide the ChartMill fundamental rating for ELBIT SYSTEMS LTD?
ChartMill assigns a fundamental rating of 6 / 10 to ESLT.
Can you provide the valuation status for ELBIT SYSTEMS LTD?
ChartMill assigns a valuation rating of 4 / 10 to ELBIT SYSTEMS LTD (ESLT). This can be considered as Fairly Valued.
How profitable is ELBIT SYSTEMS LTD (ESLT) stock?
ELBIT SYSTEMS LTD (ESLT) has a profitability rating of 6 / 10.
What is the valuation of ELBIT SYSTEMS LTD based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ELBIT SYSTEMS LTD (ESLT) is 43.91 and the Price/Book (PB) ratio is 5.51.
Can you provide the dividend sustainability for ESLT stock?
The dividend rating of ELBIT SYSTEMS LTD (ESLT) is 5 / 10 and the dividend payout ratio is 23.29%.