ELSIGHT LIMITED (ELS)
Share Price Analysis and Chart

30/10/2026

1

Buy

$5.30

223.17%

Bell Potter cuts its target for Buy-rated Elsight to $5.30 from $8.20 following a weak third quarter driven by contract delays, which management considers a temporary setback.

Revenue of US$2.4m missed the broker's US$6m forecast, with full-year sales dependent on a delayed repeat order from its largest customer.

The broker believes the market underestimates the AeroVironment Mayhem 10 integration, which validates Halo and helps reduce customer concentration risk in 2027.

2026-2028 EPS forecasts fall -52%, -24% and -27%, respectively, while a higher discount rate also weighs on Bell Potter's valuation.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 6.46 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 14.93 cents.

02/11/2026

1

Buy

$10.90

564.63%

Canaccord Genuity maintains a Buy rating for Elsight with its target price unchanged at $10.90 following a 2Q26 trading update.

1H26 revenue of US$23.4m fell short of Canaccord Genuity's US$26.6m forecast, though NPAT of US$10m is expected on a 77% gross margin, with net cash of US$63m.

The pipeline rose 8% to US$168m on rising demand for the Halo product, and the first paying customer for the stealth defence business unit has been signed with an initial US$230k order.

Canaccord Genuity is encouraged by progress, sees the premium 14x EV/revenue multiple as reflecting rapid growth, high gross margins and a capital-light model, and expects contract wins in 2H26 to follow the path seen in 2H25.

EBITDA forecasts are largely unchanged for FY26, with EPS estimates now US8.4c for FY26 and US13.5c for FY27.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 8.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 8.40 cents.