Discounted Cash Flow

Elbit Systems Ltd. ADR

ESLT · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $3.3b $236.9m $83.8m 7.3% $5.54
2017 $3.4b (3.6%) $239.1m (0.9%) $-7.0m (-108.3%) 7.1% (-2.6%) $5.59 (0.9%)
2018 $3.7b (9.1%) $206.7m (-13.5%) $89.4m (1378.9%) 5.6% (-20.7%) $4.84 (-13.4%)
2019 $4.5b (22.4%) $227.9m (10.2%) $-190.9m (-313.7%) 5.1% (-9.9%) $5.20 (7.4%)
2020 $4.7b (3.4%) $237.7m (4.3%) $146.6m (176.8%) 5.1% (0.9%) $5.38 (3.5%)
2021 $5.3b (13.2%) $274.4m (15.4%) $228.3m (55.7%) 5.2% (2.0%) $6.21 (15.4%)
2022 $5.5b (4.4%) $275.4m (0.4%) $35.0m (-84.7%) 5.0% (-3.8%) $6.21 (0.0%)
2023 $6.0b (8.4%) $215.1m (-21.9%) $-73.3m (-309.8%) 3.6% (-28.0%) $4.85 (-21.9%)
2024 $6.8b (14.3%) $321.1m (49.3%) $319.6m (535.8%) 4.7% (30.6%) $7.22 (48.9%)
2025 $7.9b (16.3%) $534.3m (66.4%) $552.8m (73.0%) 6.7% (43.1%) $11.69 (61.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model