Announcement • Jul 02
Elbit Systems Ltd., Annual General Meeting, Aug 05, 2026 Elbit Systems Ltd., Annual General Meeting, Aug 05, 2026. Location: advanced technology center, haifa 3100401., Israel Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Tzipi Livni was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 16
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 06 July 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.1%). Declared Dividend • May 31
First quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 23rd June 2026 Payment date: 6th July 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 31%. Announcement • May 27
Elbit Systems Ltd. Declares Dividend, Payable on July 6, 2026 The Board of Directors of Elbit Systems Ltd. declared a dividend of $1.00 per share. The dividend's record date is June 23, 2026. The dividend will be paid on July 6, 2026, after deduction of withholding tax, at the rate of 16.8%. Reported Earnings • May 26
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$3.46 (up from US$2.40 in 1Q 2025). Revenue: US$2.19b (up 16% from 1Q 2025). Net income: US$160.8m (up 50% from 1Q 2025). Profit margin: 7.3% (up from 5.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 27
Elbit Systems Ltd. to Report Q1, 2026 Results on May 26, 2026 Elbit Systems Ltd. announced that they will report Q1, 2026 results Pre-Market on May 26, 2026 Upcoming Dividend • Apr 06
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 13 April 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.1%). Declared Dividend • Mar 19
Fourth quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 13th April 2026 Payment date: 27th April 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 34%. Reported Earnings • Mar 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$11.69 (up from US$7.22 in FY 2024). Revenue: US$7.94b (up 16% from FY 2024). Net income: US$534.3m (up 66% from FY 2024). Profit margin: 6.7% (up from 4.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.8%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 17
Elbit Systems Ltd. Declares Dividend, Payable on April 27, 2026 The Board of Directors of Elbit Systems Ltd. declared a dividend of $1.00 per share. The dividend's record date is April 13, 2026. The dividend will be paid on April 27, 2026, after deduction of taxes at the source, at the rate of 16.8%. Announcement • Feb 17
Elbit Systems Ltd. to Report Q4, 2025 Results on Mar 17, 2026 Elbit Systems Ltd. announced that they will report Q4, 2025 results at 12:46 PM, Israel Standard Time on Mar 17, 2026 Price Target Changed • Jan 12
Price target increased by 7.3% to US$574 Up from US$535, the current price target is provided by 1 analyst. New target price is 20% below last closing price of US$717. Stock is up 149% over the past year. The company is forecast to post earnings per share of US$10.62 for next year compared to US$7.22 last year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$675, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 27x in the Aerospace & Defense industry in the US. Total returns to shareholders of 300% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$292 per share. Upcoming Dividend • Dec 15
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 22 December 2025. Payment date: 05 January 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.2%). Declared Dividend • Nov 20
Third quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 22nd December 2025 Payment date: 5th January 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 19%. Reported Earnings • Nov 19
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$2.88 (up from US$1.78 in 3Q 2024). Revenue: US$1.92b (up 12% from 3Q 2024). Net income: US$133.4m (up 69% from 3Q 2024). Profit margin: 6.9% (up from 4.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 18
Elbit Systems Ltd. Declares Dividend, Payable on January 5, 2026 The Board of Directors of Elbit Systems Ltd. declared a dividend of $0.75 per share. The dividend's record date is December 22, 2025. The dividend will be paid on January 5, 2026, after deduction of withholding tax, at the rate of 16.8%. Announcement • Oct 27
Elbit Systems Ltd. to Report Q3, 2025 Results on Nov 18, 2025 Elbit Systems Ltd. announced that they will report Q3, 2025 results on Nov 18, 2025 Price Target Changed • Oct 10
Price target increased by 12% to US$511 Up from US$456, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$502. Stock is up 144% over the past year. The company is forecast to post earnings per share of US$10.62 for next year compared to US$7.22 last year. Upcoming Dividend • Oct 07
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 14 October 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.1%). Announcement • Sep 20
Elbit Systems Ltd., Annual General Meeting, Oct 29, 2025 Elbit Systems Ltd., Annual General Meeting, Oct 29, 2025. Location: advanced technology center, haifa, Israel Announcement • Aug 27
Elbit Systems Ltd.' JUPITER Space Camera Successfully Launches Aboard the NAOS Satellite, in Collaboration with OHB-Italia Elbit Systems Ltd. announced the successful launch of its advanced JUPITER space camera aboard the National Advanced Optical System (NAOS) satellite, supporting a wide span of earth Observation missions, including military operations, environmental monitoring and scientific research. The NAOS satellite, manufactured by OHB Italia S.p. A., was launched on August 26th from Vandenberg Space Force Base, California, USA, aboard a Falcon 9 rocket operated by SpaceX. Developed by Elbit Systems ISTAR&EW - ELOP, JUPITER is one of the world's most advanced space cameras, featuring a very large aperture and an exceptionally lightweight design. The camera is multispectral, offering a combination of imaging channels: A high-resolution panchromatic channel (black and white), which captures fine spatial details across the full visible spectrum. RGB channels (red, green, blue) for true-color imaging. A NIR channel (Near-Infrared), which enables analysis of vegetation health, water content, and material properties. The data generated by the JUPITER camera is designed for seamless integration with both onboard systems and ground station analytics platforms. Its compatibility with advanced image processing and AI engines enables the extension of actionable insights, supporting informed decision-making across a wide range of applications. In addition to the camera, Elbit Systems developed and supplied advanced algorithms to support the ground segment of the NAOS mission, enhancing image analysis capabilities. This achievement is the result of a close collaboration between OHB Italia and Elbit Systems, combining satellite engineering excellence with top-tier imaging technology to deliver one of the highest-performing spaceborne optical systems in the world. Price Target Changed • Aug 26
Price target increased by 9.0% to US$441 Up from US$404, the current price target is provided by 1 analyst. New target price is 10% below last closing price of US$490. Stock is up 144% over the past year. The company is forecast to post earnings per share of US$10.62 for next year compared to US$7.22 last year. Declared Dividend • Aug 15
Second quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 14th October 2025 Payment date: 27th October 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 27%. Cash payout ratio: 22%. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: US$2.76 (vs US$1.76 in 2Q 2024) Second quarter 2025 results: EPS: US$2.76 (up from US$1.76 in 2Q 2024). Revenue: US$1.97b (up 21% from 2Q 2024). Net income: US$125.7m (up 60% from 2Q 2024). Profit margin: 6.4% (up from 4.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 13
Elbit Systems Ltd. Declares Dividend, Payable on October 27, 2025 The Board of Directors of Elbit Systems Ltd. declared a dividend of $0.75 per share. The dividend's record date is October 14, 2025. The dividend will be paid on October 27, 2025, after deduction of withholding tax, at the rate of 16.8%. Announcement • Jul 30
Elbit Systems Ltd. to Report Q2, 2025 Results on Aug 13, 2025 Elbit Systems Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025 Price Target Changed • Jul 24
Price target increased by 13% to US$404 Up from US$357, the current price target is provided by 1 analyst. New target price is 10% below last closing price of US$450. Stock is up 141% over the past year. The company is forecast to post earnings per share of US$10.62 for next year compared to US$7.22 last year. Upcoming Dividend • Jun 17
Upcoming dividend of US$0.60 per share Eligible shareholders must have bought the stock before 24 June 2025. Payment date: 07 July 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (1.4%). Declared Dividend • May 22
Dividend of US$0.60 announced Shareholders will receive a dividend of US$0.60. Ex-date: 24th June 2025 Payment date: 7th July 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 28%. Cash payout ratio: 19%. Reported Earnings • May 20
First quarter 2025 earnings released: EPS: US$2.40 (vs US$1.66 in 1Q 2024) First quarter 2025 results: EPS: US$2.40 (up from US$1.66 in 1Q 2024). Revenue: US$1.90b (up 22% from 1Q 2024). Net income: US$107.1m (up 45% from 1Q 2024). Profit margin: 5.6% (up from 4.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 20
Elbit Systems Ltd. Declares Dividend, Payable on July 7, 2025 The Board of Directors of Elbit Systems Ltd. declared a dividend of $0.60 per share. The dividend's record date is June 24, 2025. The dividend will be paid on July 7, 2025, after deduction of withholding tax, at the rate of 16.8%. Buy Or Sell Opportunity • Apr 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to US$386. The fair value is estimated to be US$318, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Upcoming Dividend • Apr 15
Upcoming dividend of US$0.60 per share Eligible shareholders must have bought the stock before 22 April 2025. Payment date: 05 May 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (1.5%). Buy Or Sell Opportunity • Apr 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to US$406. The fair value is estimated to be US$333, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Declared Dividend • Mar 21
Fourth quarter dividend increased to US$0.60 Dividend of US$0.60 is 20% higher than last year. Ex-date: 22nd April 2025 Payment date: 5th May 2025 Dividend yield will be 0.5%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 29%. Cash payout ratio: 34%. Price Target Changed • Mar 19
Price target increased by 39% to US$359 Up from US$257, the current price target is provided by 1 analyst. New target price is 13% below last closing price of US$411. Stock is up 101% over the past year. The company posted earnings per share of US$7.22 last year. Buy Or Sell Opportunity • Mar 18
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 58% to US$408. The fair value is estimated to be US$329, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Announcement • Mar 18
Elbit Systems Ltd. Declares Dividend, Payable on May 5, 2025 The Board of Directors of Elbit Systems Ltd. declared a dividend of $0.60 per share. The dividend's record date is April 22, 2025. The dividend will be paid on May 5, 2025, after deduction of taxes at the source, at the rate of 16.8%. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$352, the stock trades at a trailing P/E ratio of 59.9x. Average forward P/E is 24x in the Aerospace & Defense industry in the US. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$324 per share. Announcement • Feb 26
Elbit Systems Ltd. to Report Q4, 2024 Results on Mar 18, 2025 Elbit Systems Ltd. announced that they will report Q4, 2024 results on Mar 18, 2025 Upcoming Dividend • Dec 16
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 23 December 2024. Payment date: 06 January 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (1.5%). Price Target Changed • Dec 10
Price target increased by 9.1% to US$264 Up from US$242, the current price target is provided by 1 analyst. New target price is 6.6% above last closing price of US$248. Stock is up 20% over the past year. The company posted earnings per share of US$4.85 last year. Declared Dividend • Nov 21
Third quarter dividend of US$0.50 announced Dividend of US$0.50 is the same as last year. Ex-date: 23rd December 2024 Payment date: 6th January 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Price Target Changed • Nov 20
Price target increased by 12% to US$242 Up from US$215, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$249. Stock is up 20% over the past year. The company posted earnings per share of US$4.85 last year. Reported Earnings • Nov 20
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$1.78 (up from US$1.37 in 3Q 2023). Revenue: US$1.72b (up 14% from 3Q 2023). Net income: US$79.1m (up 30% from 3Q 2023). Profit margin: 4.6% (up from 4.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.6%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Nov 19
Elbit Systems Ltd. Declares Dividend, Payable on January 6, 2025 Elbit Systems Ltd. declared a dividend of $0.50 per share. The dividend's record date is December 23, 2024. The dividend will be paid on January 6, 2025, after deduction of withholding tax, at the rate of 16.8%. Announcement • Oct 29
Elbit Systems Ltd. to Report Q3, 2024 Results on Nov 19, 2024 Elbit Systems Ltd. announced that they will report Q3, 2024 results on Nov 19, 2024 Upcoming Dividend • Oct 08
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 15 October 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (1.4%). Declared Dividend • Aug 16
Second quarter dividend of US$0.50 announced Dividend of US$0.50 is the same as last year. Ex-date: 15th October 2024 Payment date: 28th October 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 16
Elbit Systems Ltd., Annual General Meeting, Sep 19, 2024 Elbit Systems Ltd., Annual General Meeting, Sep 19, 2024. Location: advanced technology center, haifa Israel Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$1.76 (up from US$1.41 in 2Q 2023). Revenue: US$1.63b (up 12% from 2Q 2023). Net income: US$78.4m (up 26% from 2Q 2023). Profit margin: 4.8% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Aug 14
Elbit Systems Ltd. Declares Dividend, Payable on October 28, 2024 Elbit Systems Ltd. announced that the Board of Directors declared a dividend of $0.50 per share. The dividend's record date is October 15, 2024. The dividend will be paid on October 28, 2024, after deduction of withholding tax, at the rate of 16.8%. Announcement • Jul 18
Elbit Systems Ltd. to Report Q2, 2024 Results on Aug 14, 2024 Elbit Systems Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Upcoming Dividend • Jun 13
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.6%). Buy Or Sell Opportunity • Jun 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to US$185. The fair value is estimated to be US$233, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has declined by 4.6%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Declared Dividend • May 30
First quarter dividend of US$0.50 announced Dividend of US$0.50 is the same as last year. Ex-date: 18th June 2024 Payment date: 1st July 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • May 29
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$1.66 (up from US$1.40 in 1Q 2023). Revenue: US$1.55b (up 12% from 1Q 2023). Net income: US$73.7m (up 19% from 1Q 2023). Profit margin: 4.7% (up from 4.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • May 29
Elbit Systems Ltd. Declares Dividend, Payable on July 1, 2024 Elbit Systems Ltd. declared a dividend of $0.50 per share. The dividend's record date is June 18, 2024. The dividend will be paid on July 1, 2024, after deduction of withholding tax, at the rate of 16.8%. Announcement • May 07
Elbit Systems Ltd. to Report Q1, 2024 Results on May 28, 2024 Elbit Systems Ltd. announced that they will report Q1, 2024 results on May 28, 2024 Upcoming Dividend • Apr 16
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 23 April 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.5%). Buy Or Sell Opportunity • Apr 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to US$201. The fair value is estimated to be US$252, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Declared Dividend • Mar 28
Fourth quarter dividend of US$0.50 announced Dividend of US$0.50 is the same as last year. Ex-date: 23rd April 2024 Payment date: 6th May 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Mar 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$4.85 (down from US$6.22 in FY 2022). Revenue: US$5.97b (up 8.4% from FY 2022). Net income: US$215.1m (down 22% from FY 2022). Profit margin: 3.6% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Mar 26
Elbit Systems Ltd. Declares Dividend, Payable on May 6, 2024 Elbit Systems Ltd. declared a dividend of $0.50per share. The dividend's record date is April 24, 2024. The dividend will be paid on May 6, 2024, after deduction of taxes at the source, at the rate of 16.8%. Buy Or Sell Opportunity • Mar 13
Now 20% overvalued Over the last 90 days, the stock has fallen 2.2% to US$203. The fair value is estimated to be US$169, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 2.6%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Announcement • Feb 26
Elbit Systems Ltd. to Report Q4, 2023 Results on Mar 26, 2024 Elbit Systems Ltd. announced that they will report Q4, 2023 results on Mar 26, 2024 Buy Or Sell Opportunity • Feb 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.3% to US$208. The fair value is estimated to be US$173, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 2.6%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Upcoming Dividend • Dec 15
Upcoming dividend of US$0.50 per share at 1.0% yield Eligible shareholders must have bought the stock before 22 December 2023. Payment date: 08 January 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.0%). Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: US$1.37 (vs US$1.27 in 3Q 2022) Third quarter 2023 results: EPS: US$1.37 (up from US$1.27 in 3Q 2022). Revenue: US$1.50b (up 11% from 3Q 2022). Net income: US$60.7m (up 8.0% from 3Q 2022). Profit margin: 4.0% (down from 4.2% in 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 29
Elbit Systems Ltd. Declares Dividend, Payable on January 8, 2024 Elbit Systems Ltd. declared a dividend of $0.50 per share. The dividend's record date is December 26, 2023. The dividend will be paid on January 8, 2024, after deduction of withholding tax, at the rate of 16.8%. Announcement • Nov 06
Elbit Systems Ltd. to Report Q3, 2023 Results on Nov 28, 2023 Elbit Systems Ltd. announced that they will report Q3, 2023 results on Nov 28, 2023 Upcoming Dividend • Sep 29
Upcoming dividend of US$0.50 per share at 1.0% yield Eligible shareholders must have bought the stock before 06 October 2023. Payment date: 23 October 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.2%). Price Target Changed • Aug 18
Price target increased by 9.0% to US$208 Up from US$190, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$201. Stock is down 5.5% over the past year. The company posted earnings per share of US$6.21 last year. Announcement • Aug 17
Elbit Systems Ltd. Declares A Dividend, Payable on October 23, 2023 The Board of Directors of Elbit Systems Ltd. declared a dividend of $0.50 per share. The dividend's record date is October 10, 2023. The dividend will be paid on October 23, 2023, after deduction of withholding tax, at the rate of 16.8%. Reported Earnings • Aug 16
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: US$1.41 (down from US$1.83 in 2Q 2022). Revenue: US$1.45b (up 12% from 2Q 2022). Net income: US$62.4m (down 23% from 2Q 2022). Profit margin: 4.3% (down from 6.2% in 2Q 2022). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 09
Elbit Systems Ltd. Elects Tzipi Livni to the Board of Directors Elbit Systems Ltd. announced at annual general meeting held on August 8, 2023, the shareholders elected Mrs. Tzipi Livni to the board of directors of the company. Announcement • Jul 17
Elbit Systems Ltd. to Report Q2, 2023 Results on Aug 15, 2023 Elbit Systems Ltd. announced that they will report Q2, 2023 results on Aug 15, 2023 Announcement • Jun 27
Elbit Systems Ltd., Annual General Meeting, Aug 08, 2023 Elbit Systems Ltd., Annual General Meeting, Aug 08, 2023, at 14:00 Israel Standard Time. Location: offices at the Advanced Technology Center Haifa Israel Agenda: To elect to the Board the following seven members (Directors) who are not External Directors as defined in the Israeli Companies Law 5759-1999, to serve until the close of the next Annual General Meeting of Shareholders: Mr. Michael Federmann, Mr. Ehud (Udi) Adam, Mrs. Rina Baum, Mr. David Federmann, Mrs. Tzipi Livni, Mr. Dov Ninveh and Prof. Ehood (Udi) Nisan; to re-elect Mr. Noaz Bar Nir to an additional three-year term as an External Director; to approve the extension of the indemnification letters of Mr. Michael Federmann and Mr. David Federmann, for an additional three years commencing on December 1, 2023; and to transact such other business matter. Announcement • Jun 22
Elbit Systems Ltd. Appoints Ehud (Udi) Adam as Member of the Board Elbit Systems Ltd. announced that pursuant to Article 23(d) of its Articles of Association, the Company's board of directors resolved to appoint Mr. Ehud (Udi) Adam as a member of the board, effective as of June 25, 2023, and until the next annual meeting of the Company's shareholders. Mr. Adam has served as a strategic consultant to various public and private companies in the technology sector since June 2020. From 2016 until May 2020, Mr. Adam served as director general of the Israeli Ministry of Defense. Since 2020, Mr. Adam has served as a director of Arma Ferrea Ltd., a company that develops and manufactures reactive armor systems, and as a director of Arma Kinetica Ltd., a company in the field of kinetic energy solutions. Since 2020, he has also served as chair of the board of Armalux Ltd., a company that engages in the field of laser systems. Since 2022, Mr. Adam has served as chair of the board of Ecology for Protected Community Ltd., a company that employs people with special needs to collect electronic waste. Since 2021, Mr. Adam has served as the chair of a public committee of the Geophysical Institute of Israel and, since 2011, he has served as president of "Midor Ledor", a non-profit community association. In 2016, Mr. Adam served as chair of the board of IMI Systems Ltd., formerly an Israeli government owned defense company later acquired by the Company. Mr. Adam served for 31 years in the Israeli Defense Forces, where he holds the rank of major general (reserves), and served as head of the Technological and Logistics Directorate and as head of the Northern Command. Mr. Adam holds a bachelor of arts degree in political science and government from Bar-Ilan University and a master's degrees in military and strategic leadership from Ecole de Guerre Paris. Mr. Adam will serve as an independent director under Nasdaq Listing Rules and the Israeli Companies Law and will serve on the following board committees: corporate governance and nominating committee, compensation committee and audit and financial statements review committee. As of June 25, 2023, Mr. Yoram Ben-Zeev will no longer serve as a director of Elbit Systems, having completed nine years of service as an Independent Director provided by the Israeli Companies Law. The board of directors thankes Mr. Ben-Zeev for his contributions to the Company during his tenure. Upcoming Dividend • Jun 16
Upcoming dividend of US$0.50 per share at 1.0% yield Eligible shareholders must have bought the stock before 23 June 2023. Payment date: 10 July 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (2.1%). Announcement • May 30
Elbit Systems Ltd. Declares a Dividend, Payable on July 10, 2023 The Board of Directors of Elbit Systems Ltd. declared a dividend of $0.50 per share. The dividend's record date is June 26, 2023. The dividend will be paid on July 10, 2023, after deduction of withholding tax, at the rate of 16.8%. Announcement • May 17
Elbit Systems Ltd. to Report Q1, 2023 Results on May 30, 2023 Elbit Systems Ltd. announced that they will report Q1, 2023 results on May 30, 2023 Reported Earnings • May 05
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: US$6.22 (up from US$6.21 in FY 2021). Revenue: US$5.51b (up 4.4% from FY 2021). Net income: US$275.4m (flat on FY 2021). Profit margin: 5.0% (down from 5.2% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 10
Upcoming dividend of US$0.50 per share at 1.1% yield Eligible shareholders must have bought the stock before 17 April 2023. Payment date: 01 May 2023. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (1.9%). Reported Earnings • Mar 30
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: US$6.22 (up from US$6.21 in FY 2021). Revenue: US$5.51b (up 4.4% from FY 2021). Net income: US$275.4m (flat on FY 2021). Profit margin: 5.0% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 16
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 23 December 2022. Payment date: 09 January 2023. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.9%). Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent External Director Noaz Nir was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: US$1.27 (down from US$2.08 in 3Q 2021). Revenue: US$1.35b (down 1.1% from 3Q 2021). Net income: US$56.2m (down 39% from 3Q 2021). Profit margin: 4.2% (down from 6.7% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Aerospace & Defense industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year.