Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally.
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has Eltek's share price performed over time and what events caused price changes?
Latest Share Price and Events
7 Day Return
1 Year Return
Return vs Industry: ELTK underperformed the US Electronic industry which returned 13.3% over the past year.
Return vs Market: ELTK underperformed the US Market which returned 7.3% 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
1 year ago | Simply Wall StWho Owns Most Of Eltek Ltd (NASDAQ:ELTK)?
1 year ago | Simply Wall StHow Financially Strong Is Eltek Ltd (NASDAQ:ELTK)?
1 year ago | Simply Wall StWas Eltek Ltd's (NASDAQ:ELTK) Earnings Decline Part Of A Broader Industry Downturn?
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
Undervalued: ELTK ($3.45) is trading below our estimate of fair value ($13.03)
Significantly Undervalued: ELTK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ELTK is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: ELTK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate ELTK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ELTK is overvalued based on its PB Ratio (2.9x) compared to the US Electronic industry average (2x).
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.
How has Eltek performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ELTK is unprofitable, and losses have increased over the past 5 years at a rate of -28.4% per year.
Accelerating Growth: Unable to compare ELTK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ELTK is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (58.6%).
Return on Equity
High ROE: ELTK has a negative Return on Equity (-1.17%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: ELTK is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: ELTK is currently unprofitable, so its Return on Capital Employed is negative.
How is Eltek's financial position?
Financial Position Analysis
Short Term Liabilities: ELTK's short term assets ($13.7M) do not cover its short term liabilities ($15.6M)
Long Term Liabilities: ELTK's short term assets (13.7M) exceeds its long term liabilities (2.3M)
Debt to Equity History and Analysis
Debt Level: ELTK's debt to equity ratio (121.2%) is considered high
Reducing Debt: ELTK's debt to equity ratio has increased from 16.1% to 121.2% over the past 5 years.
Inventory Level: ELTK has a high level of physical assets or inventory.
Debt Coverage by Assets: ELTK's debt is covered by short term assets (assets are 2.133150x 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: Whilst unprofitable ELTK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ELTK is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.7% per year.
What is Eltek's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate ELTK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ELTK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if ELTK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ELTK'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 ELTK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
What is the CEO of Eltek's salary, the management and board of directors tenure and is there insider trading?
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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Insufficient data to compare Eli's compensation with company performance.
Management Age and Tenure
Experienced Management: ELTK's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Age and Tenure
Experienced Board: ELTK's board of directors are considered experienced (6 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Chairman of the Board
Chairman of the Board
Eli Dvora (63yo)
Vice President of Operations
- Tenure: 20.1yrs
Eli Yaffe (64yo)
Chief Executive Officer
- Tenure: 1.3yrs
- Compensation: US$326.97k
Alon Mualem (52yo)
CFO & VP of Finance
- Tenure: 0.8yrs
Shmuel Wider (60yo)
Vice President of Sales & Marketing
- Tenure: 1.2yrs
Assi Bachar (51yo)
Chief Information Officer & Procurement officer
- Tenure: 1.8yrs
Tibor Rubner (79yo)
- Tenure: 6yrs
Erez Meltzer (62yo)
- Tenure: 10.2yrs
Ilana Lurie (46yo)
- Tenure: 1.1yrs
Yitzhak Nissan (69yo)
Chairman of the Board
- Tenure: 5.9yrs
- Compensation: US$312.10k
Mordechai Marmorstein (72yo)
- Tenure: 6yrs
Gad Dovev (72yo)
- Tenure: 5yrs
Eltek Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Eltek Ltd.
- Ticker: ELTK
- Exchange: NasdaqCM
- Founded: 1970
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$15.112m
- 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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/17 23:45|
|End of Day Share Price||2019/10/17 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.