| Intrinsic Valuation of: ESLT | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 11 | Market Cap | $35B | |||||
| 2021 | - | - (-) | P/E Ratio | 66 | Total Asset | - | |||||
| 2022 | $35M | - (-) | Net Income | $534M | Total Debt | $256M | |||||
| 2023 | $-73M | -309.8% (-293.5%) | EBITDA | $805M | Total Liab | $9B | |||||
| 2024 | $320M | 535.8% (481.3%) | Opr Margin | 8.66 | Debt/Equity | 0.06 | |||||
| 2025 | $553M | 73.0% (48.8%) | PreTax Margin | 7.75 | BV/Share | 49 | |||||
| 5Y Average FCF | $208M | 15.0% (78.9%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.02% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | $549M | MBG Intrinsic Value | $102 | ||||||||
| 2027 | $618M | ||||||||||
| 2028 | $680M | ||||||||||
| 2029 | $731M | ||||||||||
| 2030 | $767M | ||||||||||
| 2031 | $786M | ||||||||||
| Terminal Value | $18B | Net Worth/Share | $88 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $15B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $635M | $329 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $256M | WACC | 6.5% | 311 | 338 | 372 | 415 | 473 | |||
| Equity Value | $15B | 7.1% | 277 | 297 | 322 | 353 | 392 | ||||
| Shares Outstanding | 46,783,374 | 7.8% | 249 | 265 | 284 | 307 | 335 | ||||
| 8.4% | 226 | 239 | 254 | 271 | 293 | ||||||
| DCF Intrinsic Value | $329 | 9.0% | 208 | 218 | 230 | 244 | 260 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||