Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally.
Good value with acceptable track record.
Share Price & News
How has Eltek's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EK1 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EK1 exceeded the German Electronic industry which returned -5.2% over the past year.
Return vs Market: EK1 exceeded the German Market which returned 2.9% over the past year.
Price Volatility Vs. Market
How volatile is Eltek's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Eltek undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EK1 (€3.52) is trading below our estimate of fair value (€36.72)
Significantly Below Fair Value: EK1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EK1 is good value based on its PE Ratio (14.5x) compared to the Electronic industry average (24.9x).
PE vs Market: EK1 is good value based on its PE Ratio (14.5x) compared to the German market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EK1's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EK1 is overvalued based on its PB Ratio (2.8x) compared to the DE Electronic industry average (1.7x).
How is Eltek forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eltek has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Eltek is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Eltek competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
How has Eltek performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EK1 has high quality earnings.
Growing Profit Margin: EK1 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: EK1 has become profitable over the past 5 years, growing earnings by -12.7% per year.
Accelerating Growth: EK1 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EK1 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).
Return on Equity
High ROE: EK1's Return on Equity (13.6%) is considered low.
How is Eltek's financial position?
Financial Position Analysis
Short Term Liabilities: EK1's short term assets ($13.5M) do not cover its short term liabilities ($15.3M).
Long Term Liabilities: EK1's short term assets ($13.5M) exceed its long term liabilities ($2.0M).
Debt to Equity History and Analysis
Debt Level: EK1's debt to equity ratio (95.6%) is considered high.
Reducing Debt: EK1's debt to equity ratio has increased from 23.1% to 95.6% over the past 5 years.
Inventory Level: EK1 has a high level of physical assets or inventory.
Debt Coverage by Assets: EK1's debt is covered by short term assets (assets are 2.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EK1 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: EK1 is profitable, therefore cash runway is not a concern.
What is Eltek's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EK1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate EK1's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EK1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EK1's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EK1's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eli Yaffe (64yo)
Mr. Eli Yaffe has been the Chief Executive Officer of Eltek Ltd. since July 1, 2018. Mr. Yaffe served as the Chief Executive Officer of Carmel Forge Ltd. (Aerospace), and prior thereto he served as the Chi ...
CEO Compensation Analysis
Compensation vs Market: Eli's total compensation ($USD326.97K) is about average for companies of similar size in the German market ($USD419.45K).
Compensation vs Earnings: Insufficient data to compare Eli's compensation with company performance.
|Chief Executive Officer||1.6yrs||US$326.97k||no data|
|CFO & VP of Finance||1.1yrs||no data||no data|
|Vice President of Operations||20.4yrs||no data||no data|
|Chief Information Officer & Procurement officer||2.1yrs||no data||no data|
|Vice President of Sales & Marketing||1.5yrs||no data||no data|
Experienced Management: EK1's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|Director||6.3yrs||no data||no data|
|Director||10.5yrs||no data||no data|
|External Director||1.4yrs||no data||no data|
|Chairman of the Board||6.3yrs||US$312.10k||2.98% $435.1k|
|Director||6.3yrs||no data||no data|
|External Director||5.3yrs||no data||no data|
Experienced Board: EK1's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EK1 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 55.1%.
Eltek Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Eltek Ltd.
- Ticker: EK1
- Exchange: DB
- Founded: 1970
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$16.032m
- Listing Market Cap: US$14.578m
- Shares outstanding: 4.38m
- Website: https://www.nisteceltek.com
Number of Employees
- Eltek Ltd.
- Sgoola Industrial Zone
- 20 Ben Zion Gelis Street
- Petach Tikva
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ELTK||NasdaqCM (Nasdaq Capital Market)||Yes||Ordinary Shares||US||USD||Jan 1997|
|EK1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1997|
Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. The company offers a range of custom designed PCBs, including rigid, double-sided, and multi-layer PCBs; and flexible circuitry, such as flex and flex rigid boards. It serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and other industries. The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was founded in 1970 and is headquartered in Petach Tikva, Israel. Eltek Ltd. is a subsidiary of Nistec Golan Ltd.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 22:41|
|End of Day Share Price||2020/02/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.