Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. More Details
Good value with proven 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: ELTK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ELTK exceeded the US Electronic industry which returned 2.6% over the past year.
Return vs Market: ELTK exceeded the US Market which returned 13.8% 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)?
2 years ago | Simply Wall StHow Financially Strong Is Eltek Ltd (NASDAQ:ELTK)?
2 years 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
Below Fair Value: ELTK ($4.78) is trading below our estimate of fair value ($32.59)
Significantly Below Fair Value: ELTK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ELTK is good value based on its PE Ratio (10.4x) compared to the US Electronic industry average (24.4x).
PE vs Market: ELTK is good value based on its PE Ratio (10.4x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
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 (2.8x) compared to the US Electronic industry average (1.8x).
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
Quality Earnings: ELTK has high quality earnings.
Growing Profit Margin: ELTK became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ELTK has become profitable over the past 5 years, growing earnings by 17.2% per year.
Accelerating Growth: ELTK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ELTK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-20.5%).
Return on Equity
High ROE: ELTK's Return on Equity (26.5%) is considered high.
How is Eltek's financial position?
Financial Position Analysis
Short Term Liabilities: ELTK's short term assets ($14.7M) exceed its short term liabilities ($13.0M).
Long Term Liabilities: ELTK's short term assets ($14.7M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: ELTK's debt to equity ratio (55.4%) is considered high.
Reducing Debt: ELTK's debt to equity ratio has increased from 39.9% to 55.4% over the past 5 years.
Debt Coverage: ELTK's debt is well covered by operating cash flow (98.7%).
Interest Coverage: ELTK earns more interest than it pays, so coverage of interest payments is not a concern.
What is Eltek current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ELTK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ELTK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ELTK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ELTK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ELTK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eli Yaffe (65 yo)
Mr. Eli Yaffe has been the Chief Executive Officer of Eltek Ltd. since July 1, 2018. Mr. Yaffe served as the Chief Executive Officer of Carmel Forge Ltd. (Aerospace), and prior thereto he served as the Chi ...
CEO Compensation Analysis
Compensation vs Market: Eli's total compensation ($USD578.04K) is about average for companies of similar size in the US market ($USD604.44K).
Compensation vs Earnings: Eli's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||2.17yrs||US$578.04k||no data|
|CFO & VP of Finance||1.67yrs||US$252.87k||no data|
|Director of Operations||2yrs||US$188.59k||no data|
|Chief Information Officer & Procurement officer||2.67yrs||no data||no data|
Experienced Management: ELTK's management team is considered experienced (2.1 years average tenure).
|Director||6.92yrs||no data||no data|
|Director||11.08yrs||no data||no data|
|Independent External Director||2yrs||no data||no data|
|Chairman of the Board||6.83yrs||US$302.99k||2.98% |
|Independent Director||6.92yrs||no data||no data|
|Independent External Director||5.92yrs||no data||no data|
Experienced Board: ELTK's board of directors are considered experienced (6.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$20.587m
- Shares outstanding: 4.38m
- Website: https://www.nisteceltek.com
Number of Employees
- Eltek Ltd.
- Sgoola Industrial Zone
- 20 Ben Zion Gelis Street
- Petah 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||2020/09/28 23:51|
|End of Day Share Price||2020/09/28 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.