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Elbit Systems Ltd (IL:ESLT)
:ESLT
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Elbit Systems
(NASDAQ:ESLT)
77Outperform
Elbit Systems (ESLT) vs. S&P 500 (SPY)
Market Cap
$63.61B
Dividend Yield0.51%
Average Volume (3M)100.58K
Price to Earnings (P/E)55.7
Beta (1Y)0.25
Revenue Growth14.53%
EPS Growth50.28%
CountryIL
Employees19,712
SectorIndustrials
Sector Strength80
IndustryAerospace & Defense
Share Statistics
EPS (TTM)722.16
Shares Outstanding44,723,347
10 Day Avg. Volume137,058
30 Day Avg. Volume100,580
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.74
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit28.54
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Elbit Systems Business Overview & Revenue Model
Company DescriptionElbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as precision munitions for land, air, and sea applications; command, control, communications, computer, intelligence, surveillance and reconnaissance, and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities. It also manufactures and sells data links and radio communication systems and equipment, and cyber intelligence, autonomous, and homeland security solutions; laser systems and products; guided rocket systems; and armored vehicle and other platforms survivability and protection systems, as well as provides various training and support services. The company markets its systems and products as a prime contractor or subcontractor to various governments and companies. It also has operations in the United States, Europe, Latin America, the Asia-Pacific, and internationally. The company was incorporated in 1966 and is based in Haifa, Israel.
How the Company Makes MoneyElbit Systems makes money through the sale of its advanced defense and security systems to a variety of customers including governments, military organizations, and commercial entities. The company's revenue streams are primarily derived from contracts related to its defense and aerospace solutions, which include integrated systems for reconnaissance and surveillance, electronic warfare, and airborne, land, and naval systems. Additionally, Elbit Systems earns income through service contracts for maintenance, training, and support of its products. The company also engages in strategic partnerships and collaborations to enhance its capabilities and market reach, which contribute significantly to its revenue. Elbit Systems' global presence and diverse product portfolio allow it to capitalize on defense budgets and security needs worldwide.
Elbit Systems Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 6.83B | 5.97B | 5.51B | 5.28B | 4.66B | Gross Profit |
| 1.64B | 1.48B | 1.37B | 1.36B | 1.17B | EBIT |
| 489.05M | 369.11M | 367.48M | 418.51M | 325.69M | EBITDA |
| 632.80M | 488.62M | 505.27M | 559.88M | 484.46M | Net Income Common Stockholders |
| 321.14M | 215.13M | 275.45M | 274.35M | 237.66M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 266.68M | 207.95M | 212.15M | 260.18M | 280.32M | Total Assets |
| 10.97B | 9.74B | 9.22B | 9.32B | 8.06B | Total Debt |
| 1.37B | 1.47B | 1.29B | 1.45B | 1.20B | Net Debt |
| 1.10B | 1.27B | 1.07B | 1.20B | 924.45M | Total Liabilities |
| 7.69B | 6.79B | 6.46B | 6.77B | 5.83B | Stockholders Equity |
| 3.28B | 2.95B | 2.76B | 2.53B | 2.22B |
| Cash Flow | Free Cash Flow | |||
| 319.56M | -73.33M | 34.96M | 228.31M | 146.62M | Operating Cash Flow |
| 534.61M | 113.71M | 240.07M | 416.93M | 278.83M | Investing Cash Flow |
| -178.83M | -210.60M | -151.98M | -587.72M | -22.87M | Financing Cash Flow |
| -287.85M | 83.21M | -135.97M | 150.99M | -198.23M |
Elbit Systems Technical Analysis
Positive
149800.00
Price Trends
137962.42
Positive
120531.13
Positive
99618.14
Positive
Market Momentum
2110.15
Negative
60.09
Neutral
86.04
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ESLT, the sentiment is Positive. The current price of 149800 is above the 20-day moving average (MA) of 144295.43, above the 50-day MA of 137962.42, and above the 200-day MA of 99618.14, indicating a bullish trend. The MACD of 2110.15 indicates Negative momentum. The RSI at 60.09 is Neutral, neither overbought nor oversold. The STOCH value of 86.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:ESLT.
Elbit Systems Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Performance Comparison
IL:ESLT
Elbit Systems
149,800.00
76,352.13
103.95%
BZQIF
Bezeq
1.55
0.40
34.78%
OILRF
Bazan
0.26
-0.01
-3.70%
IL:TEVA
Teva
6,499.00
629.00
10.72%
Elbit Systems Earnings Call Summary
Earnings Call Date:Mar 18, 2025
(Q4-2024)
| % Change Since: 12.63%|
Next Earnings Date:May 20, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth, strong backlog, and international expansion, particularly in Europe. Despite some challenges with decreased gross margins and increased financial expenses, the overall performance and strategic positioning in international markets were positive.Q4-2024 Updates
Positive Updates
Record Revenue Growth
Fourth quarter revenues increased by 19% to $1,930 million compared to $1,626 million in the fourth quarter of 2023. Full-year 2024 revenues increased by 14% to $6,828 million compared to $5,975 million in 2023.
Strong Backlog and International Growth
Backlog of orders as of December 31, 2024, was $22.6 billion, approximately $4.8 billion higher than the backlog at the end of 2023. Approximately 65% of the current backlog was generated from outside of Israel.
Increased Free Cash Flow
Delivered $320 million of free cash flow in 2024, a significant improvement from previous years.
EPS Growth
Non-GAAP diluted EPS was $8.76 in the full-year of 2024, compared to $6.70 in the full-year of 2023. GAAP diluted EPS was $7.18 for the full-year of 2024 compared to $4.82 in 2023.
Expansion in Europe
Significant contracts secured, including for NATO European countries and German government aircraft, alongside a EUR150 billion defense budget announced by the European Commission.
Negative Updates
Decreased Gross Margins
Non-GAAP gross margin for the fourth quarter was 24.5% compared to 25.3% in the fourth quarter of 2023. Full-year 2024 non-GAAP gross margin was 24.5%, compared to 25.7% in 2023.
Increased Financial Expenses
Financial expense was $151 million in 2024 compared to $137 million in 2023, mainly due to factoring expenses related to the extension of the premises evacuation agreement.
Company Guidance
During the Elbit Systems fourth quarter 2024 earnings call, the company reported significant growth across multiple financial metrics. Revenues for the fourth quarter increased by 19% year-over-year to $1.93 billion, leading to a full-year revenue growth of 14% to $6.83 billion. The company's backlog reached a record $22.6 billion, with 65% of it generated outside of Israel. The non-GAAP operating income for the fourth quarter rose to $157.5 million, or 8.2% of revenues, while the non-GAAP diluted EPS increased to $2.66 from $1.56 in the same quarter of 2023. Free cash flow for 2024 was $320 million, with operating cash flow reaching $535 million. The company also announced a dividend of $0.60 per share. The growth was driven by increased demand across various segments, particularly in Aerospace, which saw a 27% increase in revenues, and Land, which experienced a 29% increase. The company continues to focus on expanding its product portfolio and geographical presence, especially in Europe, which contributed 27% of the annual revenues.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.