Eltek Ltd. (ELTK) 10-Year Financial Performance & Capital Metrics

ELTK • • Industrial / General

TechnologyTech Hardware & EquipmentElectronic Components & ConnectorsPrinted Circuit Boards

AboutEltek 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 boards. It also offers high density interconnect, flex-rigid, and multi-layered boards. It primarily serves manufacturers of defense and aerospace, medical, industrial, telecom, and networking equipment, as well as contract electronic manufacturers and others. The company markets and sells its products primarily through direct sales personnel, sales representatives, and PCB trading and manufacturing companies. Eltek Ltd. was incorporated in 1970 and is headquartered in Petach Tikva, Israel. Eltek Ltd. is a subsidiary of Nistec Golan Ltd.Show more

Revenue $47M -0.4%
EBITDA $6M -31.0%
Net Income $4M -33.5%
EPS (Diluted) 0.63 -41.1%
Gross Margin 22.22% -20.8%
EBITDA Margin 12.76% -30.8%
Operating Margin 9.44% -39.6%
Net Margin 9.08% -33.3%
ROE 12.41% -53.2%
ROIC 10.31% -53.6%
Debt/Equity 0.15 -41.1%
Interest Coverage 115.58 +93.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 18.7%
✓Good 3Y average ROE of 18.0%
✓Healthy 5Y average net margin of 10.5%

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 12.5% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.02%

5Y5.98%

3Y11.22%

TTM2.54%

Profit (Net Income) CAGR

10Y-

5Y18.69%

3Y-5.71%

TTM-79.07%

EPS CAGR

10Y-

5Y5.59%

3Y-9.85%

TTM-79.67%

ROCE

10Y Avg-3.8%

5Y Avg13.52%

3Y Avg14.3%

Latest10.98%

Peer Comparison

Printed Circuit Boards

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ELTKEltek Ltd.	62.23M	9.26	14.70	-0.36%	2.35%	2.55%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	41.35M	37.06M	32.75M	33.94M	34.79M	36.71M	33.82M	39.65M	46.7M	46.53M
Revenue Growth %	-0.11%	-0.1%	-0.12%	0.04%	0.03%	0.05%	-0.08%	0.17%	0.18%	-0%
Cost of Goods Sold+	34.8M	34.25M	31.43M	31.34M	28.79M	28.97M	26.93M	31.38M	33.59M	36.19M
COGS % of Revenue	0.84%	0.92%	0.96%	0.92%	0.83%	0.79%	0.8%	0.79%	0.72%	0.78%
Gross Profit+	6.55M	2.82M	1.33M	2.6M	6.01M	7.74M	6.9M	8.27M	13.1M	10.34M
Gross Margin %	0.16%	0.08%	0.04%	0.08%	0.17%	0.21%	0.2%	0.21%	0.28%	0.22%
Gross Profit Growth %	0.09%	-0.57%	-0.53%	0.96%	1.31%	0.29%	-0.11%	0.2%	0.58%	-0.21%
Operating Expenses+	5.05M	4.82M	4.75M	4.67M	4.62M	4.71M	4.95M	5.3M	5.81M	5.95M
OpEx % of Revenue	0.12%	0.13%	0.14%	0.14%	0.13%	0.13%	0.15%	0.13%	0.12%	0.13%
Selling, General & Admin	4.96M	4.7M	4.7M	4.67M	4.6M	4.7M	4.87M	5.21M	5.72M	5.76M
SG&A % of Revenue	0.12%	0.13%	0.14%	0.14%	0.13%	0.13%	0.14%	0.13%	0.12%	0.12%
Research & Development	90K	117K	41K	0	16K	2K	78K	92K	85K	187K
R&D % of Revenue	0%	0%	0%	-	0%	0%	0%	0%	0%	0%
Other Operating Expenses	6K	0	15K	3K	0	-16K	0	0	0	0
Operating Income+	1.5M	-2M	-3.42M	-2.07M	1.39M	3.03M	1.95M	2.97M	7.29M	4.39M
Operating Margin %	0.04%	-0.05%	-0.1%	-0.06%	0.04%	0.08%	0.06%	0.07%	0.16%	0.09%
Operating Income Growth %	2.66%	-2.34%	-0.71%	0.39%	1.67%	1.19%	-0.36%	0.52%	1.46%	-0.4%
EBITDA+	3.23M	-143K	-1.35M	-423K	2.9M	4.62M	3.73M	4.51M	8.61M	5.94M
EBITDA Margin %	0.08%	-0%	-0.04%	-0.01%	0.08%	0.13%	0.11%	0.11%	0.18%	0.13%
EBITDA Growth %	2.26%	-1.04%	-8.43%	0.69%	7.84%	0.6%	-0.19%	0.21%	0.91%	-0.31%
D&A (Non-Cash Add-back)	1.73M	1.86M	2.07M	1.65M	1.51M	1.59M	1.78M	1.54M	1.32M	1.55M
EBIT	1.52M	-2.44M	-3.53M	-2.39M	1.89M	2.69M	1.53M	3.99M	7.8M	5.1M
Net Interest Income+	-318K	-340K	-298K	-451K	-335K	-210K	-75K	-137K	47K	692K
Interest Income	0	0	0	0	0	0	0	0	169K	730K
Interest Expense	318K	340K	298K	451K	335K	210K	75K	137K	122K	38K
Other Income/Expense	-253K	-568K	-283K	-472K	483K	-353K	-447K	887K	422K	705K
Pretax Income+	1.24M	-2.57M	-3.7M	-2.54M	1.87M	2.68M	1.5M	3.86M	7.72M	5.1M
Pretax Margin %	0.03%	-0.07%	-0.11%	-0.07%	0.05%	0.07%	0.04%	0.1%	0.17%	0.11%
Income Tax+	218K	1.16M	74K	63K	77K	71K	-3.54M	664K	1.36M	873K
Effective Tax Rate %	0.84%	1.41%	1.02%	1.02%	0.96%	0.97%	3.35%	0.83%	0.82%	0.83%
Net Income+	1.04M	-3.62M	-3.77M	-2.61M	1.79M	2.61M	5.04M	3.19M	6.35M	4.22M
Net Margin %	0.03%	-0.1%	-0.12%	-0.08%	0.05%	0.07%	0.15%	0.08%	0.14%	0.09%
Net Income Growth %	1.39%	-4.47%	-0.04%	0.31%	1.69%	0.45%	0.93%	-0.37%	0.99%	-0.34%
Net Income (Continuing)	1.03M	-3.73M	-3.77M	-2.61M	1.79M	2.61M	5.04M	3.19M	6.35M	4.22M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-91K	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.51	-1.79	-1.86	-1.29	0.48	0.58	0.86	0.55	1.07	0.63
EPS Growth %	1.39%	-4.51%	-0.04%	0.31%	1.37%	0.21%	0.48%	-0.36%	0.95%	-0.41%
EPS (Basic)	0.51	-1.79	-1.86	-1.29	0.48	0.58	0.86	0.55	1.08	0.64
Diluted Shares Outstanding	2.03M	2.03M	2.03M	2.03M	3.73M	4.5M	5.87M	5.85M	5.96M	6.7M
Basic Shares Outstanding	2.03M	2.03M	2.03M	2.03M	3.73M	4.5M	5.84M	5.85M	5.9M	6.63M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.31%	0.21%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	13.96M	11.32M	13.5M	11.45M	13.52M	18.82M	22.58M	23.4M	30.11M	39.11M
Cash & Short-Term Investments	1.04M	1.23M	887K	992K	1.63M	4.74M	9.28M	7.37M	12.14M	17.24M
Cash Only	1.04M	1.23M	887K	992K	1.63M	4.74M	9.28M	7.37M	9.28M	7.58M
Short-Term Investments	0	0	0	0	0	0	0	0	2.86M	9.66M
Accounts Receivable	8.02M	5.7M	8.74M	6.55M	7.63M	9.76M	7.82M	10.4M	11.29M	12.04M
Days Sales Outstanding	70.75	56.17	97.44	70.44	79.99	97.07	84.38	95.72	88.21	94.42
Inventory	4.45M	3.93M	3.87M	3.61M	3.73M	3.7M	4.89M	5.13M	6.13M	9.49M
Days Inventory Outstanding	46.67	41.84	44.96	42.05	47.36	46.67	66.33	59.67	66.66	95.7
Other Current Assets	0	0	1.53M	0	0	574K	585K	0	302K	56K
Total Non-Current Assets+	11.46M	8.82M	8.64M	6.71M	9.31M	16.34M	20.2M	18.12M	17.06M	21.04M
Property, Plant & Equipment	10.07M	8.45M	8.59M	6.62M	9.25M	16.21M	16.35M	15.37M	15.91M	20.49M
Fixed Asset Turnover	4.11x	4.38x	3.81x	5.12x	3.76x	2.26x	2.07x	2.58x	2.94x	2.27x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	276K	322K	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	62K	1.24M	1.1M	0	0
Other Non-Current Assets	49K	50K	57K	92K	60K	64K	292K	261K	931K	552K
Total Assets+	25.42M	20.14M	22.14M	18.16M	22.83M	35.16M	42.78M	41.52M	47.17M	60.16M
Asset Turnover	1.63x	1.84x	1.48x	1.87x	1.52x	1.04x	0.79x	0.95x	0.99x	0.77x
Asset Growth %	-0.03%	-0.21%	0.1%	-0.18%	0.26%	0.54%	0.22%	-0.03%	0.14%	0.28%
Total Current Liabilities+	11.98M	11.41M	18.07M	16.76M	14.77M	9.7M	9.26M	10.47M	13.98M	13.33M
Accounts Payable	6.11M	4.73M	5.45M	4.11M	4.2M	4.45M	4.04M	4.79M	7.5M	7.37M
Days Payables Outstanding	64.1	50.38	63.31	47.84	53.2	56.09	54.82	55.75	81.52	74.31
Short-Term Debt	1.27M	2.87M	8.51M	9.27M	5.59M	1.42M	1.64M	1.55M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Current Liabilities	1.4M	819K	944K	666K	248K	1.65M	1.21M	1.86M	2.05M	5.14M
Current Ratio	1.17x	0.99x	0.75x	0.68x	0.92x	1.94x	2.44x	2.23x	2.15x	2.93x
Quick Ratio	0.79x	0.65x	0.53x	0.47x	0.66x	1.56x	1.91x	1.74x	1.71x	2.22x
Cash Conversion Cycle	53.32	47.63	79.09	64.65	74.14	87.64	95.89	99.64	73.35	115.81
Total Non-Current Liabilities+	3.19M	2.1M	619K	519K	1.79M	10.19M	12.45M	10.03M	6.32M	5.63M
Long-Term Debt	2.9M	1.95M	388K	308K	387K	1.29M	3.92M	2.77M	0	0
Capital Lease Obligations	0	0	0	308K	1.48M	8.27M	8.19M	6.44M	5.87M	5.19M
Deferred Tax Liabilities	934K	0	0	0	45K	84K	0	0	0	0
Other Non-Current Liabilities	289K	144K	231K	-97K	-119K	544K	344K	280K	447K	443K
Total Liabilities	15.18M	13.51M	18.69M	17.28M	16.56M	19.89M	21.71M	20.5M	20.3M	18.96M
Total Debt+	4.18M	4.82M	8.89M	9.58M	8.46M	11.19M	13.75M	11.3M	6.66M	6.02M
Net Debt	3.14M	3.59M	8.01M	8.59M	6.83M	6.45M	4.46M	3.93M	-2.62M	-1.56M
Debt / Equity	0.41x	0.73x	2.57x	10.86x	1.35x	0.73x	0.65x	0.54x	0.25x	0.15x
Debt / EBITDA	1.29x	-	-	-	2.92x	2.42x	3.69x	2.50x	0.77x	1.01x
Net Debt / EBITDA	0.97x	-	-	-	2.36x	1.39x	1.20x	0.87x	-0.30x	-0.26x
Interest Coverage	4.71x	-5.88x	-11.47x	-4.59x	4.14x	14.44x	25.99x	21.69x	59.80x	115.58x
Total Equity+	10.24M	6.63M	3.46M	882K	6.27M	15.27M	21.07M	21.02M	26.87M	41.19M
Equity Growth %	0.11%	-0.35%	-0.48%	-0.75%	6.11%	1.44%	0.38%	-0%	0.28%	0.53%
Book Value per Share	5.05	3.27	1.71	0.43	1.68	3.39	3.59	3.59	4.51	6.15
Total Shareholders' Equity	10.34M	6.63M	3.46M	882K	6.27M	15.27M	21.07M	21.02M	26.87M	41.19M
Common Stock	1.99M	1.99M	1.99M	1.99M	3.96M	5.3M	5.3M	5.3M	5.44M	6.01M
Retained Earnings	-11.51M	-15.13M	-18.91M	-21.51M	-19.72M	-17.11M	-12.07M	-9.87M	-4.84M	-617K
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.59M	2.51M	3.11M	3.14M	3.44M	4.24M	5M	2.73M	2.68M	3.17M
Minority Interest	-91K	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.72M	165K	-3.44M	-813K	2.58M	3.25M	3.88M	3.83M	8.86M	4.54M
Operating CF Margin %	0.04%	0%	-0.11%	-0.02%	0.07%	0.09%	0.11%	0.1%	0.19%	0.1%
Operating CF Growth %	20.77%	-0.9%	-21.87%	0.76%	4.17%	0.26%	0.19%	-0.01%	1.31%	-0.49%
Net Income	1.04M	-3.62M	-3.77M	-2.61M	1.79M	2.61M	5.04M	3.19M	6.35M	4.22M
Depreciation & Amortization	1.73M	1.86M	1.72M	1.65M	1.51M	1.59M	1.78M	1.54M	1.32M	1.55M
Stock-Based Compensation	0	0	0	56K	141K	121K	203K	250K	363K	607K
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-1.18M	410K	22K	-692K	136K	-416K	-4.01M	2.2M	2.29M	1.55M
Working Capital Changes	131K	1.52M	-1.41M	781K	-1M	-653K	866K	-3.35M	-1.46M	-3.39M
Change in Receivables	171K	2.15M	-597K	790K	-1.28M	-956K	2.26M	-3.94M	-1.01M	-988K
Change in Inventory	213K	289K	471K	-30K	175K	290K	-1.02M	-806K	-1.14M	-3.53M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-866K	-479K	-275K	-619K	-806K	-1.14M	-1.65M	-3.03M	-2.96M	-15.87M
Capital Expenditures	-797K	-708K	-275K	-619K	-931K	-1.08M	-1.53M	-3.03M	-2.43M	-9.51M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.02%	0.03%	0.03%	0.05%	0.08%	0.05%	0.2%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-69K	229K	0	0	125K	-58K	-112K	-2K	-527K	-6.37M
Cash from Financing+	-1.07M	473K	3.24M	1.53M	-1.13M	814K	2.12M	-1.64M	-3.81M	9.61M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-994K	-1.32M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.06M	1.59M	4.19M	2.38M	-322K	333K	-377K	25K	863K	9.61M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	923K	-543K	-3.72M	-1.43M	1.65M	2.17M	2.34M	802K	6.43M	-4.97M
FCF Margin %	0.02%	-0.01%	-0.11%	-0.04%	0.05%	0.06%	0.07%	0.02%	0.14%	-0.11%
FCF Growth %	1.39%	-1.59%	-5.85%	0.61%	2.15%	0.32%	0.08%	-0.66%	7.02%	-1.77%
FCF per Share	0.46	-0.27	-1.83	-0.71	0.44	0.48	0.40	0.14	1.08	-0.74
FCF Conversion (FCF/Net Income)	1.65x	-0.05x	0.91x	0.31x	1.44x	1.25x	0.77x	1.20x	1.39x	1.07x
Interest Paid	175K	0	0	0	232K	163K	29K	129K	84K	0
Taxes Paid	43K	0	0	0	43K	37K	57K	38K	37K	61K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.71%	-42.94%	-74.8%	-120.11%	50.15%	24.22%	27.73%	15.18%	26.53%	12.41%
Return on Invested Capital (ROIC)	8.62%	-12.7%	-23.64%	-14.84%	9.22%	13.06%	6.19%	8.83%	22.24%	10.31%
Gross Margin	15.84%	7.6%	4.05%	7.65%	17.26%	21.08%	20.39%	20.86%	28.06%	22.22%
Net Margin	2.52%	-9.78%	-11.53%	-7.68%	5.15%	7.1%	14.9%	8.06%	13.61%	9.08%
Debt / Equity	0.41x	0.73x	2.57x	10.86x	1.35x	0.73x	0.65x	0.54x	0.25x	0.15x
Interest Coverage	4.71x	-5.88x	-11.47x	-4.59x	4.14x	14.44x	25.99x	21.69x	59.80x	115.58x
FCF Conversion	1.65x	-0.05x	0.91x	0.31x	1.44x	1.25x	0.77x	1.20x	1.39x	1.07x
Revenue Growth	-11.32%	-10.36%	-11.63%	3.62%	2.52%	5.5%	-7.86%	17.23%	17.77%	-0.36%

Revenue by Geography

	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024
Israel	-	17.54M	19.73M	18.94M	19.66M	20.79M	18.96M	21.98M	26.73M	30.71M
Israel Growth	-	-	12.52%	-4.00%	3.80%	5.76%	-8.79%	15.90%	21.63%	14.86%
Netherlands	-	-	-	3.3M	2.9M	3.81M	4.2M	3.42M	5.67M	4.98M
Netherlands Growth	-	-	-	-	-12.24%	31.40%	10.24%	-18.60%	66.02%	-12.29%
India	5.24M	3.1M	2.36M	2.24M	3.81M	3.29M	1.82M	5.92M	6.48M	4.69M
India Growth	-	-40.84%	-23.81%	-5.21%	70.12%	-13.57%	-44.56%	224.66%	9.37%	-27.61%
North America	5.89M	7.86M	5.22M	6.97M	6.43M	6.01M	6.69M	6.08M	5.2M	4.02M
North America Growth	-	33.45%	-33.63%	33.61%	-7.73%	-6.61%	11.27%	-9.05%	-14.52%	-22.68%
Rest Of World	1.3M	442K	1.02M	-	-	-	-	2.25M	2.61M	2.13M
Rest Of World Growth	-	-66.10%	130.77%	-	-	-	-	-	16.11%	-18.28%
Others	-	-	-	488K	865K	2.81M	2.15M	-	-	-
Others Growth	-	-	-	-	77.25%	224.39%	-23.41%	-	-	-
Europe	9.38M	8.13M	4.42M	2M	1.13M	-	-	-	-	-
Europe Growth	-	-13.41%	-45.56%	-54.85%	-43.47%	-	-	-	-	-
ISRAEL	24.81M	-	-	-	-	-	-	-	-	-
ISRAEL Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Eltek Ltd. (ELTK) has a price-to-earnings (P/E) ratio of 14.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Eltek Ltd. (ELTK) reported $49.3M in revenue for fiscal year 2024. This represents a 5% increase from $46.8M in 2011.

Eltek Ltd. (ELTK) saw revenue decline by 0.4% over the past year.

Yes, Eltek Ltd. (ELTK) is profitable, generating $1.2M in net income for fiscal year 2024 (9.1% net margin).

Dividend & Returns

Eltek Ltd. (ELTK) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.

Eltek Ltd. (ELTK) had negative free cash flow of $6.9M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Eltek Ltd. (ELTK) 10-Year Financial Performance & Capital Metrics

ELTK • • Industrial / General

TechnologyTech Hardware & EquipmentElectronic Components & ConnectorsPrinted Circuit Boards

Revenue $47M -0.4%
EBITDA $6M -31.0%
Net Income $4M -33.5%
EPS (Diluted) 0.63 -41.1%
Gross Margin 22.22% -20.8%
EBITDA Margin 12.76% -30.8%
Operating Margin 9.44% -39.6%
Net Margin 9.08% -33.3%
ROE 12.41% -53.2%
ROIC 10.31% -53.6%
Debt/Equity 0.15 -41.1%
Interest Coverage 115.58 +93.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 18.7%
✓Good 3Y average ROE of 18.0%
✓Healthy 5Y average net margin of 10.5%

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 12.5% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.02%

5Y5.98%

3Y11.22%

TTM2.54%

Profit (Net Income) CAGR

10Y-

5Y18.69%

3Y-5.71%

TTM-79.07%

EPS CAGR

10Y-

5Y5.59%

3Y-9.85%

TTM-79.67%

ROCE

10Y Avg-3.8%

5Y Avg13.52%

3Y Avg14.3%

Latest10.98%

Peer Comparison

Printed Circuit Boards

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ELTKEltek Ltd.	62.23M	9.26	14.70	-0.36%	2.35%	2.55%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	41.35M	37.06M	32.75M	33.94M	34.79M	36.71M	33.82M	39.65M	46.7M	46.53M
Revenue Growth %	-0.11%	-0.1%	-0.12%	0.04%	0.03%	0.05%	-0.08%	0.17%	0.18%	-0%
Cost of Goods Sold+	34.8M	34.25M	31.43M	31.34M	28.79M	28.97M	26.93M	31.38M	33.59M	36.19M
COGS % of Revenue	0.84%	0.92%	0.96%	0.92%	0.83%	0.79%	0.8%	0.79%	0.72%	0.78%
Gross Profit+	6.55M	2.82M	1.33M	2.6M	6.01M	7.74M	6.9M	8.27M	13.1M	10.34M
Gross Margin %	0.16%	0.08%	0.04%	0.08%	0.17%	0.21%	0.2%	0.21%	0.28%	0.22%
Gross Profit Growth %	0.09%	-0.57%	-0.53%	0.96%	1.31%	0.29%	-0.11%	0.2%	0.58%	-0.21%
Operating Expenses+	5.05M	4.82M	4.75M	4.67M	4.62M	4.71M	4.95M	5.3M	5.81M	5.95M
OpEx % of Revenue	0.12%	0.13%	0.14%	0.14%	0.13%	0.13%	0.15%	0.13%	0.12%	0.13%
Selling, General & Admin	4.96M	4.7M	4.7M	4.67M	4.6M	4.7M	4.87M	5.21M	5.72M	5.76M
SG&A % of Revenue	0.12%	0.13%	0.14%	0.14%	0.13%	0.13%	0.14%	0.13%	0.12%	0.12%
Research & Development	90K	117K	41K	0	16K	2K	78K	92K	85K	187K
R&D % of Revenue	0%	0%	0%	-	0%	0%	0%	0%	0%	0%
Other Operating Expenses	6K	0	15K	3K	0	-16K	0	0	0	0
Operating Income+	1.5M	-2M	-3.42M	-2.07M	1.39M	3.03M	1.95M	2.97M	7.29M	4.39M
Operating Margin %	0.04%	-0.05%	-0.1%	-0.06%	0.04%	0.08%	0.06%	0.07%	0.16%	0.09%
Operating Income Growth %	2.66%	-2.34%	-0.71%	0.39%	1.67%	1.19%	-0.36%	0.52%	1.46%	-0.4%
EBITDA+	3.23M	-143K	-1.35M	-423K	2.9M	4.62M	3.73M	4.51M	8.61M	5.94M
EBITDA Margin %	0.08%	-0%	-0.04%	-0.01%	0.08%	0.13%	0.11%	0.11%	0.18%	0.13%
EBITDA Growth %	2.26%	-1.04%	-8.43%	0.69%	7.84%	0.6%	-0.19%	0.21%	0.91%	-0.31%
D&A (Non-Cash Add-back)	1.73M	1.86M	2.07M	1.65M	1.51M	1.59M	1.78M	1.54M	1.32M	1.55M
EBIT	1.52M	-2.44M	-3.53M	-2.39M	1.89M	2.69M	1.53M	3.99M	7.8M	5.1M
Net Interest Income+	-318K	-340K	-298K	-451K	-335K	-210K	-75K	-137K	47K	692K
Interest Income	0	0	0	0	0	0	0	0	169K	730K
Interest Expense	318K	340K	298K	451K	335K	210K	75K	137K	122K	38K
Other Income/Expense	-253K	-568K	-283K	-472K	483K	-353K	-447K	887K	422K	705K
Pretax Income+	1.24M	-2.57M	-3.7M	-2.54M	1.87M	2.68M	1.5M	3.86M	7.72M	5.1M
Pretax Margin %	0.03%	-0.07%	-0.11%	-0.07%	0.05%	0.07%	0.04%	0.1%	0.17%	0.11%
Income Tax+	218K	1.16M	74K	63K	77K	71K	-3.54M	664K	1.36M	873K
Effective Tax Rate %	0.84%	1.41%	1.02%	1.02%	0.96%	0.97%	3.35%	0.83%	0.82%	0.83%
Net Income+	1.04M	-3.62M	-3.77M	-2.61M	1.79M	2.61M	5.04M	3.19M	6.35M	4.22M
Net Margin %	0.03%	-0.1%	-0.12%	-0.08%	0.05%	0.07%	0.15%	0.08%	0.14%	0.09%
Net Income Growth %	1.39%	-4.47%	-0.04%	0.31%	1.69%	0.45%	0.93%	-0.37%	0.99%	-0.34%
Net Income (Continuing)	1.03M	-3.73M	-3.77M	-2.61M	1.79M	2.61M	5.04M	3.19M	6.35M	4.22M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-91K	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.51	-1.79	-1.86	-1.29	0.48	0.58	0.86	0.55	1.07	0.63
EPS Growth %	1.39%	-4.51%	-0.04%	0.31%	1.37%	0.21%	0.48%	-0.36%	0.95%	-0.41%
EPS (Basic)	0.51	-1.79	-1.86	-1.29	0.48	0.58	0.86	0.55	1.08	0.64
Diluted Shares Outstanding	2.03M	2.03M	2.03M	2.03M	3.73M	4.5M	5.87M	5.85M	5.96M	6.7M
Basic Shares Outstanding	2.03M	2.03M	2.03M	2.03M	3.73M	4.5M	5.84M	5.85M	5.9M	6.63M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.31%	0.21%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	13.96M	11.32M	13.5M	11.45M	13.52M	18.82M	22.58M	23.4M	30.11M	39.11M
Cash & Short-Term Investments	1.04M	1.23M	887K	992K	1.63M	4.74M	9.28M	7.37M	12.14M	17.24M
Cash Only	1.04M	1.23M	887K	992K	1.63M	4.74M	9.28M	7.37M	9.28M	7.58M
Short-Term Investments	0	0	0	0	0	0	0	0	2.86M	9.66M
Accounts Receivable	8.02M	5.7M	8.74M	6.55M	7.63M	9.76M	7.82M	10.4M	11.29M	12.04M
Days Sales Outstanding	70.75	56.17	97.44	70.44	79.99	97.07	84.38	95.72	88.21	94.42
Inventory	4.45M	3.93M	3.87M	3.61M	3.73M	3.7M	4.89M	5.13M	6.13M	9.49M
Days Inventory Outstanding	46.67	41.84	44.96	42.05	47.36	46.67	66.33	59.67	66.66	95.7
Other Current Assets	0	0	1.53M	0	0	574K	585K	0	302K	56K
Total Non-Current Assets+	11.46M	8.82M	8.64M	6.71M	9.31M	16.34M	20.2M	18.12M	17.06M	21.04M
Property, Plant & Equipment	10.07M	8.45M	8.59M	6.62M	9.25M	16.21M	16.35M	15.37M	15.91M	20.49M
Fixed Asset Turnover	4.11x	4.38x	3.81x	5.12x	3.76x	2.26x	2.07x	2.58x	2.94x	2.27x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	276K	322K	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	62K	1.24M	1.1M	0	0
Other Non-Current Assets	49K	50K	57K	92K	60K	64K	292K	261K	931K	552K
Total Assets+	25.42M	20.14M	22.14M	18.16M	22.83M	35.16M	42.78M	41.52M	47.17M	60.16M
Asset Turnover	1.63x	1.84x	1.48x	1.87x	1.52x	1.04x	0.79x	0.95x	0.99x	0.77x
Asset Growth %	-0.03%	-0.21%	0.1%	-0.18%	0.26%	0.54%	0.22%	-0.03%	0.14%	0.28%
Total Current Liabilities+	11.98M	11.41M	18.07M	16.76M	14.77M	9.7M	9.26M	10.47M	13.98M	13.33M
Accounts Payable	6.11M	4.73M	5.45M	4.11M	4.2M	4.45M	4.04M	4.79M	7.5M	7.37M
Days Payables Outstanding	64.1	50.38	63.31	47.84	53.2	56.09	54.82	55.75	81.52	74.31
Short-Term Debt	1.27M	2.87M	8.51M	9.27M	5.59M	1.42M	1.64M	1.55M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Current Liabilities	1.4M	819K	944K	666K	248K	1.65M	1.21M	1.86M	2.05M	5.14M
Current Ratio	1.17x	0.99x	0.75x	0.68x	0.92x	1.94x	2.44x	2.23x	2.15x	2.93x
Quick Ratio	0.79x	0.65x	0.53x	0.47x	0.66x	1.56x	1.91x	1.74x	1.71x	2.22x
Cash Conversion Cycle	53.32	47.63	79.09	64.65	74.14	87.64	95.89	99.64	73.35	115.81
Total Non-Current Liabilities+	3.19M	2.1M	619K	519K	1.79M	10.19M	12.45M	10.03M	6.32M	5.63M
Long-Term Debt	2.9M	1.95M	388K	308K	387K	1.29M	3.92M	2.77M	0	0
Capital Lease Obligations	0	0	0	308K	1.48M	8.27M	8.19M	6.44M	5.87M	5.19M
Deferred Tax Liabilities	934K	0	0	0	45K	84K	0	0	0	0
Other Non-Current Liabilities	289K	144K	231K	-97K	-119K	544K	344K	280K	447K	443K
Total Liabilities	15.18M	13.51M	18.69M	17.28M	16.56M	19.89M	21.71M	20.5M	20.3M	18.96M
Total Debt+	4.18M	4.82M	8.89M	9.58M	8.46M	11.19M	13.75M	11.3M	6.66M	6.02M
Net Debt	3.14M	3.59M	8.01M	8.59M	6.83M	6.45M	4.46M	3.93M	-2.62M	-1.56M
Debt / Equity	0.41x	0.73x	2.57x	10.86x	1.35x	0.73x	0.65x	0.54x	0.25x	0.15x
Debt / EBITDA	1.29x	-	-	-	2.92x	2.42x	3.69x	2.50x	0.77x	1.01x
Net Debt / EBITDA	0.97x	-	-	-	2.36x	1.39x	1.20x	0.87x	-0.30x	-0.26x
Interest Coverage	4.71x	-5.88x	-11.47x	-4.59x	4.14x	14.44x	25.99x	21.69x	59.80x	115.58x
Total Equity+	10.24M	6.63M	3.46M	882K	6.27M	15.27M	21.07M	21.02M	26.87M	41.19M
Equity Growth %	0.11%	-0.35%	-0.48%	-0.75%	6.11%	1.44%	0.38%	-0%	0.28%	0.53%
Book Value per Share	5.05	3.27	1.71	0.43	1.68	3.39	3.59	3.59	4.51	6.15
Total Shareholders' Equity	10.34M	6.63M	3.46M	882K	6.27M	15.27M	21.07M	21.02M	26.87M	41.19M
Common Stock	1.99M	1.99M	1.99M	1.99M	3.96M	5.3M	5.3M	5.3M	5.44M	6.01M
Retained Earnings	-11.51M	-15.13M	-18.91M	-21.51M	-19.72M	-17.11M	-12.07M	-9.87M	-4.84M	-617K
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.59M	2.51M	3.11M	3.14M	3.44M	4.24M	5M	2.73M	2.68M	3.17M
Minority Interest	-91K	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.72M	165K	-3.44M	-813K	2.58M	3.25M	3.88M	3.83M	8.86M	4.54M
Operating CF Margin %	0.04%	0%	-0.11%	-0.02%	0.07%	0.09%	0.11%	0.1%	0.19%	0.1%
Operating CF Growth %	20.77%	-0.9%	-21.87%	0.76%	4.17%	0.26%	0.19%	-0.01%	1.31%	-0.49%
Net Income	1.04M	-3.62M	-3.77M	-2.61M	1.79M	2.61M	5.04M	3.19M	6.35M	4.22M
Depreciation & Amortization	1.73M	1.86M	1.72M	1.65M	1.51M	1.59M	1.78M	1.54M	1.32M	1.55M
Stock-Based Compensation	0	0	0	56K	141K	121K	203K	250K	363K	607K
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-1.18M	410K	22K	-692K	136K	-416K	-4.01M	2.2M	2.29M	1.55M
Working Capital Changes	131K	1.52M	-1.41M	781K	-1M	-653K	866K	-3.35M	-1.46M	-3.39M
Change in Receivables	171K	2.15M	-597K	790K	-1.28M	-956K	2.26M	-3.94M	-1.01M	-988K
Change in Inventory	213K	289K	471K	-30K	175K	290K	-1.02M	-806K	-1.14M	-3.53M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-866K	-479K	-275K	-619K	-806K	-1.14M	-1.65M	-3.03M	-2.96M	-15.87M
Capital Expenditures	-797K	-708K	-275K	-619K	-931K	-1.08M	-1.53M	-3.03M	-2.43M	-9.51M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.02%	0.03%	0.03%	0.05%	0.08%	0.05%	0.2%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-69K	229K	0	0	125K	-58K	-112K	-2K	-527K	-6.37M
Cash from Financing+	-1.07M	473K	3.24M	1.53M	-1.13M	814K	2.12M	-1.64M	-3.81M	9.61M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-994K	-1.32M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.06M	1.59M	4.19M	2.38M	-322K	333K	-377K	25K	863K	9.61M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	923K	-543K	-3.72M	-1.43M	1.65M	2.17M	2.34M	802K	6.43M	-4.97M
FCF Margin %	0.02%	-0.01%	-0.11%	-0.04%	0.05%	0.06%	0.07%	0.02%	0.14%	-0.11%
FCF Growth %	1.39%	-1.59%	-5.85%	0.61%	2.15%	0.32%	0.08%	-0.66%	7.02%	-1.77%
FCF per Share	0.46	-0.27	-1.83	-0.71	0.44	0.48	0.40	0.14	1.08	-0.74
FCF Conversion (FCF/Net Income)	1.65x	-0.05x	0.91x	0.31x	1.44x	1.25x	0.77x	1.20x	1.39x	1.07x
Interest Paid	175K	0	0	0	232K	163K	29K	129K	84K	0
Taxes Paid	43K	0	0	0	43K	37K	57K	38K	37K	61K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.71%	-42.94%	-74.8%	-120.11%	50.15%	24.22%	27.73%	15.18%	26.53%	12.41%
Return on Invested Capital (ROIC)	8.62%	-12.7%	-23.64%	-14.84%	9.22%	13.06%	6.19%	8.83%	22.24%	10.31%
Gross Margin	15.84%	7.6%	4.05%	7.65%	17.26%	21.08%	20.39%	20.86%	28.06%	22.22%
Net Margin	2.52%	-9.78%	-11.53%	-7.68%	5.15%	7.1%	14.9%	8.06%	13.61%	9.08%
Debt / Equity	0.41x	0.73x	2.57x	10.86x	1.35x	0.73x	0.65x	0.54x	0.25x	0.15x
Interest Coverage	4.71x	-5.88x	-11.47x	-4.59x	4.14x	14.44x	25.99x	21.69x	59.80x	115.58x
FCF Conversion	1.65x	-0.05x	0.91x	0.31x	1.44x	1.25x	0.77x	1.20x	1.39x	1.07x
Revenue Growth	-11.32%	-10.36%	-11.63%	3.62%	2.52%	5.5%	-7.86%	17.23%	17.77%	-0.36%

Revenue by Geography

	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024
Israel	-	17.54M	19.73M	18.94M	19.66M	20.79M	18.96M	21.98M	26.73M	30.71M
Israel Growth	-	-	12.52%	-4.00%	3.80%	5.76%	-8.79%	15.90%	21.63%	14.86%
Netherlands	-	-	-	3.3M	2.9M	3.81M	4.2M	3.42M	5.67M	4.98M
Netherlands Growth	-	-	-	-	-12.24%	31.40%	10.24%	-18.60%	66.02%	-12.29%
India	5.24M	3.1M	2.36M	2.24M	3.81M	3.29M	1.82M	5.92M	6.48M	4.69M
India Growth	-	-40.84%	-23.81%	-5.21%	70.12%	-13.57%	-44.56%	224.66%	9.37%	-27.61%
North America	5.89M	7.86M	5.22M	6.97M	6.43M	6.01M	6.69M	6.08M	5.2M	4.02M
North America Growth	-	33.45%	-33.63%	33.61%	-7.73%	-6.61%	11.27%	-9.05%	-14.52%	-22.68%
Rest Of World	1.3M	442K	1.02M	-	-	-	-	2.25M	2.61M	2.13M
Rest Of World Growth	-	-66.10%	130.77%	-	-	-	-	-	16.11%	-18.28%
Others	-	-	-	488K	865K	2.81M	2.15M	-	-	-
Others Growth	-	-	-	-	77.25%	224.39%	-23.41%	-	-	-
Europe	9.38M	8.13M	4.42M	2M	1.13M	-	-	-	-	-
Europe Growth	-	-13.41%	-45.56%	-54.85%	-43.47%	-	-	-	-	-
ISRAEL	24.81M	-	-	-	-	-	-	-	-	-
ISRAEL Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Eltek Ltd. (ELTK) has a price-to-earnings (P/E) ratio of 14.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Eltek Ltd. (ELTK) reported $49.3M in revenue for fiscal year 2024. This represents a 5% increase from $46.8M in 2011.

Eltek Ltd. (ELTK) saw revenue decline by 0.4% over the past year.

Yes, Eltek Ltd. (ELTK) is profitable, generating $1.2M in net income for fiscal year 2024 (9.1% net margin).

Dividend & Returns

Eltek Ltd. (ELTK) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.

Eltek Ltd. (ELTK) had negative free cash flow of $6.9M in fiscal year 2024, likely due to heavy capital investments.