Elbit Systems: Valuation Amid Strong Share Price Run and Growth Potential

Elbit Systems (TASE:ESLT) has seen a 1.5% decline in its share price after a 30.5% return over the past month and a 92.6% total shareholder return over the past year. The company is considered undervalued by 17% by Vestra, with a fair value of ₪3,480. However, a DCF model points to a future cash flow value of ₪972.35, indicating clear downside risk. The burden is on future execution to justify the stock's current value.