Elbit Systems Ltd (ESLT)

Aircraft Parts & Auxiliary Equipment, NEC

Latest Price

$682.01

TTM P/E

58.34

Normalized P/E

58.34

Div Yield

Book Value

88.92

P/B Ratio

7.67

Valuation metrics

EPS: $11.39

Book value / share: $88.92

Formula: √(22.5 × EPS × BVPS)

Graham Number

$150.96

78% downside

Norm. op. income: $369M (median of 7yr)

Tax rate: 10%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$84.72

88% downside

Base FCF: $274M (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$452.26

34% downside

EPS: $11.39

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$170.85

75% downside