SGX:E16

Stock Analysis Report

Elec & Eltek International

Executive Summary

Elec & Eltek International Company Limited, an investment holding company, engages in the fabrication and distribution of double-sided, multi-layer, high density interconnect, and backplane printed circuit boards (PCB).


Snowflake Analysis

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Elec & Eltek International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: E16 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.0%

E16

1.1%

SG Electronic

0.1%

SG Market


1 Year Return

14.0%

E16

16.4%

SG Electronic

3.7%

SG Market

Return vs Industry: E16 underperformed the SG Electronic industry which returned 16.4% over the past year.

Return vs Market: E16 exceeded the SG Market which returned 3.7% over the past year.


Shareholder returns

E16IndustryMarket
7 Day2.0%1.1%0.1%
30 Day3.3%3.8%-0.2%
90 Day3.3%6.0%0.3%
1 Year17.4%14.0%22.7%16.4%7.9%3.7%
3 Year108.5%84.5%70.5%47.7%17.5%4.9%
5 Year52.9%27.0%77.5%43.1%14.2%-4.9%

Price Volatility Vs. Market

How volatile is Elec & Eltek International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Elec & Eltek International undervalued compared to its fair value and its price relative to the market?

12.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: E16 ($1.55) is trading above our estimate of fair value ($0.5)

Significantly Below Fair Value: E16 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: E16 is poor value based on its PE Ratio (12.3x) compared to the Electronic industry average (12.1x).

PE vs Market: E16 is good value based on its PE Ratio (12.3x) compared to the SG market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate E16's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: E16 is good value based on its PB Ratio (0.7x) compared to the SG Electronic industry average (0.9x).


Next Steps

Future Growth

How is Elec & Eltek International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.7%

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 Elec & Eltek International 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.


Next Steps

Past Performance

How has Elec & Eltek International performed over the past 5 years?

43.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: E16 has high quality earnings.

Growing Profit Margin: E16's current net profit margins (4%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: E16's earnings have grown significantly by 43.3% per year over the past 5 years.

Accelerating Growth: E16's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: E16 had negative earnings growth (-28.1%) over the past year, making it difficult to compare to the Electronic industry average (-1.2%).


Return on Equity

High ROE: E16's Return on Equity (5.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Elec & Eltek International's financial position?


Financial Position Analysis

Short Term Liabilities: E16's short term assets ($284.8M) exceed its short term liabilities ($274.2M).

Long Term Liabilities: E16's short term assets ($284.8M) exceed its long term liabilities ($55.4M).


Debt to Equity History and Analysis

Debt Level: E16's debt to equity ratio (27.5%) is considered satisfactory.

Reducing Debt: E16's debt to equity ratio has increased from 25.8% to 27.5% over the past 5 years.

Debt Coverage: E16's debt is well covered by operating cash flow (60.7%).

Interest Coverage: E16's interest payments on its debt are well covered by EBIT (11.7x coverage).


Balance Sheet

Inventory Level: E16 has a high level of physical assets or inventory.

Debt Coverage by Assets: E16's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

What is Elec & Eltek International's current dividend yield, its reliability and sustainability?

2.58%

Current Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%2.6%markettop25%5.5%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: E16's dividend (2.58%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).

High Dividend: E16's dividend (2.58%) is low compared to the top 25% of dividend payers in the SG market (5.51%).


Stability and Growth of Payments

Stable Dividend: E16's dividend payments have been volatile in the past 10 years.

Growing Dividend: E16's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.8%), E16's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Elec & Eltek International's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average board tenure


CEO

Stephanie Cheung (48yo)

0yrs

Tenure

US$1,107,000

Compensation

Ms. Wai Lin Cheung, also known as Stephanie, has been the Chief Executive Officer of Elec & Eltek International Company Limited. Ms. Cheung has been an Executive Director at Kingboard Chemical Holdings Ltd ...


CEO Compensation Analysis

Compensation vs Market: Stephanie's total compensation ($USD1.11M) is above average for companies of similar size in the SG market ($USD767.76K).

Compensation vs Earnings: Stephanie's compensation has been consistent with company performance over the past year.


Board Age and Tenure

3.5yrs

Average Tenure

49yo

Average Age

Experienced Board: E16's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Marian Mee (52yo)

    Company Secretary

    • Tenure: 13yrs
  • Wing Yiu Chang (52yo)

    Executive Director

    • Tenure: 15yrs
    • Compensation: US$1.43m
  • Stephanie Cheung (48yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: US$1.11m
  • Grace Choy (47yo)

    Head of Finance

    • Tenure: 6yrs

Board Members

  • Tze Wing Kong (68yo)

    Independent Non-Executive Director

    • Tenure: 2.4yrs
    • Compensation: US$15.00k
  • Wing Yiu Chang (52yo)

    Executive Director

    • Tenure: 15yrs
    • Compensation: US$1.43m
  • Stephanie Cheung (48yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: US$1.11m
  • Stanley Chung (49yo)

    Independent Non-Executive Director

    • Tenure: 8.7yrs
    • Compensation: US$42.00k
  • Jeffrey Ong (43yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: US$34.00k

Company Information

Elec & Eltek International Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Elec & Eltek International Company Limited
  • Ticker: E16
  • Exchange: SGX
  • Founded: 1972
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$289.726m
  • Shares outstanding: 186.92m
  • Website: https://www.eleceltek.com

Number of Employees


Location

  • Elec & Eltek International Company Limited
  • Delta House
  • 23rd Floor
  • Shatin
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
E16SGX (Singapore Exchange)YesOrdinary SharesSGUSDNov 1994
EKQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1994
1151SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1994

Biography

Elec & Eltek International Company Limited, an investment holding company, engages in the fabrication and distribution of double-sided, multi-layer, high density interconnect, and backplane printed circuit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/15 12:41
End of Day Share Price2019/12/11 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.