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Elbit Systems

Nasdaq:ESLT
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ESLT
Nasdaq
₪20B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • Elbit Systems has significant price volatility in the past 3 months.
ESLT Share Price and Events
7 Day Returns
5.5%
NasdaqGS:ESLT
23.5%
US Aerospace & Defense
12.5%
US Market
1 Year Returns
-4.7%
NasdaqGS:ESLT
-10.8%
US Aerospace & Defense
-12.7%
US Market
ESLT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Elbit Systems (ESLT) 5.5% -12.9% -17.2% -4.7% 12.5% 72.2%
US Aerospace & Defense 23.5% -17% -23.7% -10.8% 4.4% 26.7%
US Market 12.5% -14.7% -21.5% -12.7% 5.4% 17.5%
1 Year Return vs Industry and Market
  • ESLT outperformed the Aerospace & Defense industry which returned -10.8% over the past year.
  • ESLT outperformed the Market in United States of America which returned -12.7% over the past year.
Price Volatility
ESLT
Industry
5yr Volatility vs Market

Value

 Is Elbit Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Elbit Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Elbit Systems.

NasdaqGS:ESLT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ESLT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 6.3%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.85 (1 + (1- 23%) (21.89%))
0.996
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.996 * 6.33%)
8.04%

Discounted Cash Flow Calculation for NasdaqGS:ESLT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Elbit Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:ESLT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.04%)
2020 330.00 Analyst x1 305.44
2021 164.00 Analyst x1 140.50
2022 469.00 Analyst x1 371.88
2023 677.55 Est @ 44.47% 497.25
2024 891.99 Est @ 31.65% 605.91
2025 1,094.26 Est @ 22.68% 687.98
2026 1,273.67 Est @ 16.4% 741.17
2027 1,426.49 Est @ 12% 768.32
2028 1,553.75 Est @ 8.92% 774.57
2029 1,658.89 Est @ 6.77% 765.44
Present value of next 10 years cash flows $5,658.00
NasdaqGS:ESLT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,658.89 × (1 + 1.74%) ÷ (8.04% – 1.74%)
$26,783.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $26,783.05 ÷ (1 + 8.04%)10
$12,358.07
NasdaqGS:ESLT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,658.00 + $12,358.07
$18,016.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $18,016.07 / 44.20
$407.62
NasdaqGS:ESLT Discount to Share Price
Calculation Result
Exchange Rate USD/ILS
(Reporting currency to currency of TASE:ESLT)
3.574
Value per Share
(ILS)
= Value per Share in USD x Exchange Rate (USD/ILS)
= $407.62 x 3.574
₪1456.79
Non-primary Listing Adjustment Factor 1 share in NasdaqGS:ESLT represents 0.2816x of TASE:ESLT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.2816x
Value per Share
(Listing Adjusted, USD)
= Value per Share (ILS) x Listing Adjustment Factor
= ₪ 1,456.79 x 0.2816
$410.23
Value per share (USD) From above. $410.23
Current discount Discount to share price of $128.41
= -1 x ($128.41 - $410.23) / $410.23
68.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Elbit Systems is available for.
Intrinsic value
>50%
Share price is $128.41 vs Future cash flow value of $410.23
Current Discount Checks
For Elbit Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Elbit Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Elbit Systems's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Elbit Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Elbit Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ESLT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $5.20
TASE:ESLT Share Price ** TASE (2020-03-30) in ILS ₪456
TASE:ESLT Share Price converted to USD reporting currency Exchange rate (ILS/ USD) 0.28 $127.59
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 37 Publicly-Listed Aerospace & Defense Companies 15x
United States of America Market PE Ratio Median Figure of 2,942 Publicly-Listed Companies 12.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Elbit Systems.

NasdaqGS:ESLT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TASE:ESLT Share Price ÷ EPS (both in USD)

= 127.59 ÷ 5.20

24.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Elbit Systems is overvalued based on earnings compared to the US Aerospace & Defense industry average.
  • Elbit Systems is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Elbit Systems's expected growth come at a high price?
Raw Data
NasdaqGS:ESLT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
13.6%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 30 Publicly-Listed Aerospace & Defense Companies 1.64x
United States of America Market PEG Ratio Median Figure of 2,006 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

NasdaqGS:ESLT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.52x ÷ 13.6%

1.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Elbit Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Elbit Systems's assets?
Raw Data
NasdaqGS:ESLT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $48.45
TASE:ESLT Share Price * TASE (2020-03-30) in ILS ₪456
TASE:ESLT Share Price converted to USD reporting currency Exchange rate (ILS/ USD) 0.28 $127.59
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 51 Publicly-Listed Aerospace & Defense Companies 1.79x
United States of America Market PB Ratio Median Figure of 5,143 Publicly-Listed Companies 1.26x
NasdaqGS:ESLT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TASE:ESLT Share Price ÷ Book Value per Share (both in USD)

= 127.59 ÷ 48.45

2.63x

* Primary Listing of Elbit Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Elbit Systems is overvalued based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess Elbit Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Elbit Systems has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Elbit Systems expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Elbit Systems expected to grow at an attractive rate?
  • Elbit Systems's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Elbit Systems's earnings growth is expected to exceed the United States of America market average.
  • Elbit Systems's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ESLT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ESLT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 13.6%
NasdaqGS:ESLT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.6%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ESLT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ESLT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,515 601 355 1
2021-12-31 5,207 309 326 1
2020-12-31 4,905 477 297 1
NasdaqGS:ESLT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 4,508 -53 228
2019-09-30 4,265 72 177
2019-06-30 4,059 101 169
2019-03-31 3,887 386 208
2018-12-31 3,684 192 207
2018-09-30 3,615 221 275
2018-06-30 3,521 97 272
2018-03-31 3,447 4 243
2017-12-31 3,378 101 239
2017-09-30 3,322 99 237
2017-06-30 3,302 225 239
2017-03-31 3,288 132 230

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Elbit Systems's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Elbit Systems's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ESLT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Elbit Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ESLT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
NasdaqGS:ESLT Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 5.20
2019-09-30 4.09
2019-06-30 3.94
2019-03-31 4.85
2018-12-31 4.83
2018-09-30 6.43
2018-06-30 6.37
2018-03-31 5.69
2017-12-31 5.59
2017-09-30 5.54
2017-06-30 5.58
2017-03-31 5.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Elbit Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Elbit Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Elbit Systems has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Elbit Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Elbit Systems's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Elbit Systems's year on year earnings growth rate has been positive over the past 5 years.
  • Elbit Systems's 1-year earnings growth exceeds its 5-year average (10.2% vs 3.5%)
  • Elbit Systems's earnings growth has exceeded the US Aerospace & Defense industry average in the past year (10.2% vs 3.8%).
Earnings and Revenue History
Elbit Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Elbit Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ESLT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,508.40 227.86 527.07 331.76
2019-09-30 4,264.73 177.47 520.69 307.11
2019-06-30 4,058.69 169.45 494.90 297.27
2019-03-31 3,886.88 207.56 471.09 296.52
2018-12-31 3,683.68 206.74 445.03 287.35
2018-09-30 3,615.45 275.03 456.74 286.83
2018-06-30 3,521.03 272.45 451.23 284.29
2018-03-31 3,447.17 243.10 444.17 274.81
2017-12-31 3,377.83 239.11 449.89 265.06
2017-09-30 3,321.94 236.81 432.55 259.58
2017-06-30 3,301.99 238.72 427.89 258.06
2017-03-31 3,288.20 230.23 426.95 258.18
2016-12-31 3,260.22 236.91 428.09 255.79
2016-09-30 3,193.08 232.78 402.05 258.11
2016-06-30 3,177.08 219.07 402.01 253.54
2016-03-31 3,122.17 210.27 399.26 243.85
2015-12-31 3,107.58 202.51 385.06 243.42
2015-09-30 3,071.29 183.50 373.31 245.14
2015-06-30 3,029.21 168.80 363.32 239.97
2015-03-31 2,982.26 167.39 351.62 234.68
2014-12-31 2,958.25 170.98 356.17 228.01
2014-09-30 2,919.42 169.87 369.25 220.92
2014-06-30 2,927.35 184.49 366.99 219.10
2014-03-31 2,927.58 189.14 374.94 218.38
2013-12-31 2,925.15 182.74 372.57 220.48
2013-09-30 2,957.61 197.18 365.73 224.83
2013-06-30 2,904.45 187.20 372.67 221.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Elbit Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Elbit Systems used its assets less efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.
  • Elbit Systems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Elbit Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Elbit Systems has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Elbit Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Elbit Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Elbit Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Elbit Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Elbit Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Elbit Systems Company Filings, last reported 3 months ago.

NasdaqGS:ESLT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,159.84 848.41 229.46
2019-09-30 2,183.00 834.61 169.85
2019-06-30 2,125.91 445.07 202.64
2019-03-31 1,906.31 758.74 196.66
2018-12-31 1,854.41 795.32 226.47
2018-09-30 1,873.77 693.97 155.26
2018-06-30 1,819.34 651.80 190.25
2018-03-31 1,751.15 668.82 220.17
2017-12-31 1,717.97 445.69 180.07
2017-09-30 1,681.46 604.45 142.66
2017-06-30 1,650.27 451.17 171.39
2017-03-31 1,610.02 432.55 166.21
2016-12-31 1,567.24 405.52 247.34
2016-09-30 1,537.71 561.38 187.94
2016-06-30 1,479.67 489.04 186.46
2016-03-31 1,460.12 497.32 304.32
2015-12-31 1,399.43 506.09 335.66
2015-09-30 1,346.50 511.72 214.14
2015-06-30 1,323.00 505.98 217.50
2015-03-31 1,273.00 467.50 239.89
2014-12-31 1,238.90 597.15 311.67
2014-09-30 1,274.71 728.96 273.97
2014-06-30 1,257.80 723.89 276.62
2014-03-31 1,231.29 575.58 242.61
2013-12-31 1,194.17 665.13 281.41
2013-09-30 1,151.12 714.37 215.57
2013-06-30 1,101.70 620.56 203.52
  • Elbit Systems's level of debt (39.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (48.1% vs 39.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 12.6x coverage).
X
Financial health checks
We assess Elbit Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Elbit Systems has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Elbit Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.38%
Current annual income from Elbit Systems dividends.
If you bought $2,000 of Elbit Systems shares you are expected to receive $28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Elbit Systems's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.98%).
  • Elbit Systems's dividend is below the markets top 25% of dividend payers in United States of America (5.49%).
Upcoming dividend payment

Purchase Elbit Systems before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ESLT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ESLT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
NasdaqGS:ESLT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-25 1.760 1.427
2019-11-26 1.760 1.161
2019-08-15 1.760 1.096
2019-05-28 1.760 1.146
2019-03-19 1.760 1.283
2018-11-20 1.760 1.415
2018-08-16 1.760 1.423
2018-05-29 1.760 1.458
2018-03-20 1.760 1.485
2017-11-14 1.760 1.263
2017-08-15 1.760 1.229
2017-05-16 1.760 1.412
2017-03-22 1.760 1.512
2016-11-17 1.600 1.478
2016-08-16 1.600 1.639
2016-05-17 1.600 1.692
2016-03-22 1.600 1.650
2015-11-11 1.480 1.732
2015-08-11 1.480 1.892
2015-05-18 1.400 1.774
2015-03-11 1.400 1.859
2014-11-13 1.280 2.099
2014-08-06 1.280 2.118
2014-05-13 1.280 2.063
2014-03-19 1.200 1.977
2013-11-14 1.200 2.072
2013-08-13 1.200 2.410
2013-05-08 1.200 2.745
2013-03-13 1.200 2.888
2012-11-13 1.200 3.131
2012-08-14 1.200 3.577
2012-05-15 1.200 3.575
2012-03-14 1.200 3.249
2011-11-16 1.440 3.577
2011-08-16 1.440 3.573
2011-05-16 1.440 3.021
2011-03-15 1.440 2.642
2010-03-10 1.380 2.591
2009-11-18 1.440 2.297
2009-08-12 1.440 2.222
2009-05-20 1.200 1.939

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Elbit Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Elbit Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Elbit Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Elbit Systems has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Elbit Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Butzi Machlis
COMPENSATION $2,370,000
AGE 56
TENURE AS CEO 6.8 years
CEO Bio

Mr. Bezhalel Machlis, also known as Butzi, has been the Chief Executive Officer and President of Elbit Systems Ltd. since April 1, 2013. Mr. Machlis served as an Executive Vice President of Elbit Systems Ltd. since April 2008 and served as its General Manager of Land & C4I Division from April 2008 to December 2012. He served as Corporate Vice President of Elbit Systems Ltd. from January 2003 to April 2008 and its General Manager of Ground C4I and Battlefield Systems since January 2003. From 2000 to December 2002, he served as Vice President of Battlefield & Information Systems at Elbit Systems and served as its General Manager of Land Systems & C4I from January 2004 to April 2008. He served as the General Manager of Elbit Systems Land and C4I - Tadiran Ltd. He joined Elbit Systems in 1991 and held various management positions in the battlefield and information systems area. Prior to that, he served as an Artillery Officer in the IDF, where he held the rank of Colonel (reserves). He serves as a Director of Elbit Systems of America, LLC. Mr. Machlis holds a Bachelor of Science Degree in Mechanical Engineering and Bachelor of Arts Degree in Computer Science from the Technion and an MBA from Tel-Aviv University. He is a graduate of Harvard University Business School's Advanced Management Program.

CEO Compensation
  • Insufficient data for Butzi to compare compensation growth.
  • Butzi's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Elbit Systems management team in years:

9.2
Average Tenure
58
Average Age
  • The average tenure for the Elbit Systems management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Butzi Machlis

TITLE
President & CEO
COMPENSATION
$2M
AGE
56
TENURE
6.8 yrs

Joseph Gaspar

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
70
TENURE
19.2 yrs

Yoram Shmuely

TITLE
Executive VP & GM of Aerospace Division
COMPENSATION
$967K
AGE
58
TENURE
11.8 yrs

Udi Vered

TITLE
Executive VP & GM of Land Division
COMPENSATION
$855K
AGE
61
TENURE
10.6 yrs

Elad Aharonson

TITLE
Executive VP & GM of ISTAR Division
COMPENSATION
$738K
AGE
45
TENURE
9.2 yrs

Yuval Ramon

TITLE
Executive VP & COO
AGE
53
TENURE
4.4 yrs

Shuki Yehuda

TITLE
Executive VP & CTO
AGE
51
TENURE
4.2 yrs

Rami Myerson

TITLE
Director of Investor Relations

David Block Temin

TITLE
Executive VP
AGE
63
TENURE
12.2 yrs

Jonathan Ariel

TITLE
Executive VP & Chief Legal Officer
AGE
62
TENURE
8.2 yrs
Board of Directors Tenure

Average tenure and age of the Elbit Systems board of directors in years:

6.2
Average Tenure
67.5
Average Age
  • The tenure for the Elbit Systems board of directors is about average.
Board of Directors

Mickey Federmann

TITLE
Chairman of the Board
AGE
75
TENURE
20.2 yrs

David Federmann

TITLE
Vice Chair of the Board
AGE
44
TENURE
4.3 yrs

Shuki Gleitman

TITLE
External Director
AGE
69
TENURE
10 yrs

Yoram Ben-Zeev

TITLE
Independent Director
AGE
74
TENURE
6.2 yrs

Billy Shapira

TITLE
External Director
AGE
66
TENURE
0.3 yrs

Dov Ninveh

TITLE
Independent Director
AGE
71
TENURE
6.4 yrs

Rina Baum

TITLE
Director
AGE
73
TENURE
19.2 yrs

Yuli Tamir

TITLE
Independent Director
AGE
65
TENURE
5.2 yrs

Udi Nisan

TITLE
Independent Director
AGE
51
TENURE
4.2 yrs

Moshe Kaplinsky

TITLE
External Director
AGE
62
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Elbit Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Elbit Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Elbit Systems Ltd's (NASDAQ:ESLT) 14.18% ROE Strong Compared To Its Industry?

Check out our latest analysis for Elbit Systems What you must know about ROE Return on Equity (ROE) is a measure of Elbit Systems’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Elbit Systems’s equity capital deployed. … Elbit Systems’s ROE is impressive relative to the industry average and also covers its cost of equity.

Simply Wall St -

Company Info

Description

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic, night vision, and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; and electronic warfare and signal intelligence systems. It also provides commercial cyber protection products, medical diagnostic equipment, automotive night vision enhancement equipment, smart glasses for sports applications, and super capacitor energy sources and fuel cells for transportation applications, as well as a range of support services. The company markets its systems and products as a prime contractor or subcontractor to various governments and companies. Elbit Systems Ltd. was founded in 1966 and is based in Haifa, Israel.

Details
Name: Elbit Systems Ltd.
ESLT
Exchange: NasdaqGS
Founded: 1966
₪5,639,340,351
44,198,330
Website: http://elbitsystems.com
Address: Elbit Systems Ltd.
Advanced Technology Center,
Haifa,
3100401,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TASE ESLT Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 27. Nov 1996
NasdaqGS ESLT Ordinary Shares Nasdaq Global Select US USD 27. Nov 1996
DB EB2 Ordinary Shares Deutsche Boerse AG DE EUR 27. Nov 1996
Number of employees
Current staff
Staff numbers
16,575
Elbit Systems employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 02:18
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.