Eltek Ltd (ELTK) stock analysis

ELTKNasdaqPrinted Circuit BoardsFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 26, 2026Score 1/30

$5.82−0.19 (-3.16%)

Close on Nov 12, 2026Market cap $39.11MP/E 48.5Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Weak1 of 30 checks passed

Eltek passes 1 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation: 0/6
Growth: 0/6
Past performance: 0/6
Financial health: 1/6
Dividend: 0/6

What stands out

Short-term assets cover short-term debts
Current assets are 2.82 times current liabilities.

What to watch

Return on equity under 15%
Return on equity was 1.9% over the last twelve months and averaged 16.7% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was 4.6%, below the 10% that usually covers the cost of capital.
Earnings shrank over 5 years
Net income shrank 20.5% a year on average over the last five fiscal years.
Revenue growing under 10% a year
Revenue grew 9.3% a year over the last three fiscal years, short of the 10% we look for.

Valuation0/6

P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.

Growth0/6

Revenue growing under 10% a year
Revenue grew 9.3% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -39.8% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew -80.4% over the last twelve months, against a 5-year average of -20.5% a year.
Growing slower than the industry
Revenue grew 11.3% over the last twelve months; the Electronic Components and Accessories median is 17.3%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin slipping
Gross margin was 15.4% over the last twelve months, against 22.2% a year earlier.

Past performance0/6

Return on equity under 15%
Return on equity was 1.9% over the last twelve months and averaged 16.7% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was 4.6%, below the 10% that usually covers the cost of capital.
Return on equity below the industry
Eltek's return on equity of 1.9% is below the Electronic Components and Accessories median of 4.8%.
Earnings shrank over 5 years
Net income shrank 20.5% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 1.6% over the last twelve months, against a 5-year average of 9.4%.
Net margin below the industry
Eltek's net margin of 1.6% is below the Electronic Components and Accessories median of 2.9%.

Financial health1/6

Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt coverage
Needs operating cash flow.
Interest not well covered
Operating income covers interest expense 1.8 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 2.82 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.

Dividend0/6

No dividend
Eltek has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for Eltek. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

High risk

Average value traded per day: $23.39K
Value traded per 1% price move: $6.21K

Downside

Medium risk

Typical loss in a bad month: 21.6%
Volatility (annualized): 51%
Sharpe ratio, 1 year: -1.01
Beta to the S&P 500 (5Y): 0.50

Typical bad-month loss, week by week

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
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
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

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%