Etgar: Split Elbit Value 44% Above Current Market Value

The three companies were assessed together at $342-379 million, compared to Elbit’s current market value of $248 million.

Etgar, Mizrahi Bank’s investment portfolio management subsidiary, estimates the economic value of the Elbit companies to be created by the division into three separate divisions is 44% higher than Elbit’s current market value. Elbit Systems, which will handle Elbit’s military activities, was assessed at $130-148 million. Elibit Medical Imaging was assessed at $131-146 million. while the civilian activities, which will remain in the current Elbit skeleton, were assessed at $81-85 million. The three companies were assessed together at $342-379 million, compared to Elbit’s current market value of $248 million.

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