ELTKNasdaqPrinted Circuit BoardsFiscal year ends December 31
ELTEK LTD
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 26, 2026
$6.99+0.19 (+2.72%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 58.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
15.4%−5.7 pts over 5 years
Operating margin
4.5%−3.7 pts over 5 years
Net margin
1.6%−5.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.3% | +9.3% | +7.1% | +2.3% | |
| Gross profit | -22.8% | -1.2% | +0.6% | +2.0% | |
| Operating income | -46.6% | -7.6% | -5.0% | +4.6% | |
| Net income | -80.4% | -36.3% | -20.5% | -2.3% | |
| EPS, diluted | -81.0% | -39.8% | -27.0% | -13.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -42.7% | 24.2% | 1.9% | |
| Return on assets | -15.9% | 9.0% | 1.3% | |
| Current ratio | 0.99 | 1.94 | 2.82 | |
| Debt to equity | 0.44 | 0.12 | – | |
| Net debt to EBITDA | -11.88× | -0.62× | – | |
| Interest coverage | -6.5× | 9.0× | 1.8× | |
| Inventory turnover | 8.2× | 7.8× | 4.2× | |
| Capex to revenue | 1.9% | 2.9% | 10.3% | |
| Diluted shares | 2M | 5M | 7M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Eltek generated $22.25M from operations and spent $25.44M on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
Generated
$22.25M
Used
$25.44M
Capital expenditure$21.85M86%Dividends$3.59M14%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.6%
×Asset turnover0.82×
×Equity multiplier1.44×
=Return on equity, FY20251.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.6% | 0.82× | 1.44× | 1.9% |
| FY2024 | 9.1% | 0.87× | 1.58× | 12.4% |
| FY2023 | 13.6% | 1.06× | 1.84× | 26.5% |
| FY2022 | 8.1% | 0.95× | 1.99× | 15.2% |
| FY2021 | 14.9% | 0.87× | 2.14× | 27.7% |
| FY2020 | 7.1% | 1.27× | 2.69× | 24.2% |
| FY2019 | 5.2% | 1.70× | 5.73× | 50.1% |
| FY2018 | 7.7% | 1.68× | 9.28× | 119.8% |
| FY2017 | -11.5% | 1.55× | 4.19× | -74.8% |
| FY2016 | -9.8% | 1.63× | 2.69× | -42.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$826.00K
- Cash generatingOperating cash flow above zero$1.15M
- Return on assets improvedROA up on the prior year9.0% → 1.4%
- Earnings backed by cashOperating cash flow above net income$1.15M vs $826.00K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.93 → 2.82
- No dilutionShare count did not rise7M → 7M
- Gross margin improvedGross margin up on the prior year22.22% → 15.42%
- More efficientAsset turnover rose0.99 → 0.86