| Intrinsic Valuation of: ESLT | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 8 | Market Cap | $20B | |||||
| 2021 | - | - (-) | P/E Ratio | 55 | Total Asset | $11B | |||||
| 2022 | $228M | - (-) | Net Income | $321M | Total Debt | $306M | |||||
| 2023 | $35M | -84.7% (-85.3%) | EBITDA | $633M | Total Liab | $8B | |||||
| 2024 | $-73M | -309.8% (-293.5%) | Opr Margin | 0.07 | Debt/Equity | 0.09 | |||||
| 2025 | $320M | 535.8% (481.3%) | PreTax Margin | 5.53 | BV/Share | 31 | |||||
| 5Y Average FCF | $127M | 47.1% (34.2%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | $399M | MBG Intrinsic Value | $70 | ||||||||
| 2027 | $499M | ||||||||||
| 2028 | $624M | ||||||||||
| 2029 | $780M | ||||||||||
| 2030 | $975M | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $25B | Net Worth/Share | $71 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $20B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $265M | $428 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $306M | WACC | 7.3% | 372 | 401 | 437 | 481 | 537 | |||
| Equity Value | $20B | 7.4% | 368 | 397 | 432 | 476 | 530 | ||||
| Shares Outstanding | 46,332,200 | 7.4% | 365 | 393 | 428 | 470 | 523 | ||||
| 7.9% | 333 | 357 | 385 | 418 | 459 | ||||||
| DCF Intrinsic Value | $428 | 8.4% | 306 | 326 | 349 | 376 | 409 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||