Eltek LTD is a US-listed company in the electronic components industry. Its financial year ends in December.
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Under review: data-quality checks not passed. We'll show the comparison once resolved.
Eltek LTD valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $52m, up 11.3% on a year earlier, against a decline of 0.4% a quarter earlier. Free-cash-flow margin fell to -8.1% from 6.9% a year earlier. It passes 1 of our 2 financial-health checks.
Our model value for Eltek is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Eltek LTD's trailing-twelve-month revenue grew 11.3% year on year, with a free-cash-flow margin of -8.1%.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 15.3% while net income fell 80.4%: a 96pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for ELTK from the sources we follow. See filings →
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Eltek LTD as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$2.9 ~$3.0–$4.7 | Left out: far from the other models (more than 3x away from their median) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$15 ~$11–$22 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$15 ~$13–$18 | Included |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Eltek LTD with Electronic Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share price | $5.88 | $3.65 | $3.78 | $1.96 | $3.33 | $4.65 | $3.44 | $3.96 | $13.63 | $10.81 | $8.65 |
| Market value | $12m | $7m | $8m | $4m | $12m | $21m | $20m | $23m | $81m | $72m | $59m |
| + Net debt (− = net cash) | $3m | $2m | $1m | $2m | $3m | −$3m | −$5m | −$4m | −$9m | −$8m | −$2m |
| Enterprise value | $15m | $9m | $9m | $6m | $16m | $18m | $16m | $19m | $72m | $65m | $56m |
| Multiples | |||||||||||
| Price / sales | 0.3x | 0.2x | 0.2x | 0.1x | 0.4x | 0.6x | 0.6x | 0.6x | 1.7x | 1.6x | 1.1x |
| Price / earnings | 11.4x | — | — | — | 6.9x | 8.0x | 4.0x | 7.2x | 12.8x | 17.1x | 71.1x |
| Price / free cash flow | 12.9x | — | — | — | 7.6x | 9.7x | 8.6x | 28.9x | 12.6x | — | — |
| EV / EBITDA | 4.7x | — | — | — | 5.4x | 3.9x | 4.2x | 4.3x | 8.4x | 10.9x | 12.6x |
Weak moat
How hard Eltek's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Gross margin has been a median 15.4%, moving by 5.4 percentage points (standard deviation) across 5 years.
Operating margin has been a median 2.5%; its worst year was -10.4%.
Free cash flow was positive in 3 of 5 years, at a median 1.0% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (18 before it).
Next results: November 17, 2026.
No analyst estimates are published for Eltek LTD: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Dec 2024 | $0.24 | $0.00 | −100.0% |
| Sept 2024 | $0.31 | $0.25 | −19.4% |
| Jun 2024 | $0.25 | $0.11 | −56.0% |
| Mar 2024 | $0.26 | $0.27 | +3.9% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| ELTK | −26% | +15% | +245% | −21% | −20% | −30% |
| Industry peers (median) | +21% | −14% | +10% | +11% | +8% | +19% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| ELTK | 58% | 75% | 50% | 58% | 67% | 46% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| ELTK | −54% | −21% | −35% | −58% | −34% | −41% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 81% from March 22, 2016 to May 13, 2019. Getting back needed a 438% gain, reached on May 29, 2019, 16 days after the low.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY14 Q4 | $46.6M |
| FY15 Q4 | $41.4M |
| FY16 Q4 | $37.1M |
| FY17 Q4 | $32.8M |
| FY18 Q4 | $33.9M |
| FY19 Q4 | $34.8M |
| FY20 Q4 | $36.7M |
| FY21 Q4 | $33.8M |
| FY22 Q4 | $39.7M |
| FY23 Q4 | $46.7M |
| FY24 Q4 | $46.5M |
| FY25 Q4 | $51.8M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY14 Q4 | -7.2% |
| FY15 Q4 | -11.3% |
| FY16 Q4 | -10.4% |
| FY17 Q4 | -11.6% |
| FY18 Q4 | 3.6% |
| FY19 Q4 | 2.5% |
| FY20 Q4 | 5.5% |
| FY21 Q4 | -7.9% |
| FY22 Q4 | 17.2% |
| FY23 Q4 | 17.8% |
| FY24 Q4 | -0.4% |
| FY25 Q4 | 11.3% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY14 Q4 | -1.9% |
| FY15 Q4 | 3.6% |
| FY16 Q4 | -5.4% |
| FY17 Q4 | -10.4% |
| FY18 Q4 | -6.1% |
| FY19 Q4 | 4.0% |
| FY20 Q4 | 8.3% |
| FY21 Q4 | 5.8% |
| FY22 Q4 | 7.5% |
| FY23 Q4 | 15.6% |
| FY24 Q4 | 9.4% |
| FY25 Q4 | 4.5% |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | FCF margin (TTM) |
|---|---|
| FY14 Q4 | -5.0% |
| FY15 Q4 | 2.2% |
| FY16 Q4 | -1.5% |
| FY17 Q4 | -11.4% |
| FY18 Q4 | -4.2% |
| FY19 Q4 | 4.7% |
| FY20 Q4 | 5.9% |
| FY21 Q4 | 6.9% |
| FY22 Q4 | 2.0% |
| FY23 Q4 | 13.8% |
| FY24 Q4 | -10.7% |
| FY25 Q4 | -8.1% |
Each dollar Eltek took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.
| Revenue | $51.8M | |
|---|---|---|
| Cost of revenue | $43.8M | 84.6% of revenue |
| Gross profit | $8M | 15.4% of revenue |
| Selling, general and admin | $5.6M | 10.8% of revenue |
| Operating income | $2.3M | 4.5% of revenue |
| Interest and other | $1.3M | 2.5% of revenue |
| Net income | $826,000 | 1.6% of revenue |
| Fiscal year | 2009 Dec 2009 | 2010 Dec 2010 | 2011 Dec 2011 | 2012 Dec 2012 | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||||||||
| Revenue | 36 | 38 | 47 | 46 | 50 | 47 | 41 | 37 | 33 | 34 | 35 | 37 | 34 | 40 | 47 | 47 | 52 |
| Gross profit | 6 | 5 | 9 | 8 | 8 | 6 | 7 | 3 | 1 | 3 | 6 | 8 | 7 | 8 | 13 | 10 | 8 |
| EBITDA | 2 | 1 | 5 | 4 | 3 | 1 | 3 | −0 | −2 | −0 | 3 | 5 | 4 | 5 | 9 | 6 | 4 |
| Operating income | −0 | −1 | 3 | 1 | 1 | −1 | 1 | −2 | −3 | −2 | 1 | 3 | 2 | 3 | 7 | 4 | 2 |
| Net income | −1 | −2 | 2 | 1 | 4 | −3 | 1 | −4 | −4 | −3 | 2 | 3 | 5 | 3 | 6 | 4 | 1 |
| Diluted EPS | −$0.13 | −$1.30 | $1.40 | $0.50 | $2.65 | −$1.30 | $0.51 | −$1.82 | −$1.58 | −$1.28 | $0.48 | $0.58 | $0.86 | $0.55 | $1.07 | $0.63 | $0.12 |
| Growth (year on year) | |||||||||||||||||
| Revenue | — | +2.9% | +24.8% | −2.5% | +10.1% | −7.2% | −11.3% | −10.4% | −11.6% | +3.6% | +2.5% | +5.5% | −7.9% | +17.2% | +17.8% | −0.4% | +11.3% |
| EBITDA | — | −46.3% | +452.1% | −24.1% | −15.0% | −67.1% | +226.1% | −104.4% | — | — | — | +59.7% | −19.3% | +21.0% | +90.9% | −31.0% | −25.0% |
| Operating income | — | — | — | −49.9% | −1.4% | −171.0% | — | −233.5% | — | — | — | +118.6% | −35.7% | +52.4% | +145.5% | −39.8% | −46.6% |
| Net income | — | — | — | −62.6% | — | −169.7% | — | −447.5% | — | — | — | +45.5% | +93.2% | −36.6% | +98.9% | −33.5% | −80.4% |
| Diluted EPS | — | — | — | −64.3% | — | −149.1% | — | −456.9% | — | — | — | +20.8% | +48.3% | −36.0% | +94.5% | −41.1% | −81.0% |
| Margins | |||||||||||||||||
| Gross margin | 15.3% | 12.9% | 18.6% | 17.1% | 15.9% | 12.9% | 15.8% | 7.6% | 4.1% | 7.7% | 17.3% | 21.1% | 20.4% | 20.9% | 28.1% | 22.2% | 15.4% |
| EBITDA margin | 4.3% | 2.3% | 10.0% | 7.8% | 6.0% | 2.1% | 7.8% | −0.4% | −5.2% | −1.2% | 8.3% | 12.6% | 11.0% | 11.4% | 18.4% | 12.8% | 8.6% |
| Operating margin | −1.3% | −3.2% | 5.5% | 2.8% | 2.5% | −1.9% | 3.6% | −5.4% | −10.4% | −6.1% | 4.0% | 8.3% | 5.8% | 7.5% | 15.6% | 9.4% | 4.5% |
| Net margin | −2.4% | −4.6% | 3.9% | 1.5% | 7.6% | −5.7% | 2.5% | −9.8% | −11.5% | −7.7% | 5.2% | 7.1% | 14.9% | 8.1% | 13.6% | 9.1% | 1.6% |
| Free-cash-flow margin | 1.0% | 2.7% | 3.3% | 7.8% | 1.3% | −5.0% | 2.2% | −1.5% | −11.4% | −4.2% | 4.7% | 5.9% | 6.9% | 2.0% | 13.8% | −10.7% | −8.1% |
| Cash flow | |||||||||||||||||
| Cash from operations | 1 | 2 | 2 | 5 | 2 | 0 | 2 | 0 | −3 | −1 | 3 | 3 | 4 | 4 | 9 | 5 | 1 |
| Capital spending | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 3 | 2 | 10 | 5 |
| Free cash flow | 0 | 1 | 2 | 4 | 1 | −2 | 1 | −1 | −4 | −1 | 2 | 2 | 2 | 1 | 6 | −5 | −4 |
| Stock-based pay | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Free cash flow after stock pay | — | — | — | — | — | — | — | — | — | −1 | 2 | 2 | 2 | 1 | 6 | −6 | −5 |
| Balance sheet | |||||||||||||||||
| Cash | 1 | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 2 | 5 | 9 | 7 | 9 | 8 | 2 |
| Total debt | 0 | 8 | 6 | 6 | 3 | 5 | 4 | 3 | 2 | 3 | 5 | 2 | 5 | 3 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −1 | 7 | 6 | 4 | 1 | 3 | 3 | 2 | 1 | 2 | 3 | −3 | −5 | −4 | −9 | −8 | −2 |
| Diluted shares | — | 1m | 1m | 1m | 1m | 2m | 2m | 2m | 2m | 2m | 4m | 5m | 6m | 6m | 6m | 7m | 7m |
| Returned to shareholders | |||||||||||||||||
| Dividends | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 1 | 1 | 0 | 1 |
| Total returned | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 1 | 1 | 0 | 1 |
| Last 12 months unless stated | ELTK | ESP | MPTI | OST | OCC | RFIL | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $52m | $46m | $58m | $40m | $83m | $86m | $628m |
| Revenue growth, last 12 months | 11.3% | 4.9% | 11.8% | 22.2% | 13.9% | 13.0% | 13.9% |
| Revenue growth, 3-year average | 1.0% | 9.0% | 16.7% | — | 3.4% | 9.2% | 5.0% |
| Revenue growth, latest quarter | — | 40.4% | 13.8% | — | 22.0% | 21.1% | 18.4% |
| Gross margin | 15.4% | 35.3% | — | 6.4% | 34.3% | 35.1% | 35.9% |
| Operating margin | 4.5% | 25.1% | 18.5% | −22.9% | 4.2% | 4.6% | 7.9% |
| Operating margin, 3-year average | −0.0% | 20.2% | 16.5% | — | −1.4% | −0.2% | 8.0% |
| Net margin | 1.6% | 24.2% | 16.3% | −25.2% | 3.1% | 2.8% | 5.6% |
| Cash from operations / revenue | 2.2% | 12.3% | 20.7% | 0.2% | 1.1% | 4.2% | 10.2% |
| Free-cash-flow margin | −8.1% | 5.6% | 16.3% | −17.9% | 0.5% | 3.7% | 3.6% |
| Free-cash-flow margin, 3-year average | −4.2% | 19.1% | 13.2% | — | 0.0% | 4.4% | 8.1% |
| Stock pay / revenue | 1.0% | 0.5% | 3.9% | — | 0.6% | 1.2% | 1.6% |
| Change in share count | 1.3% | 6.5% | 23.4% | >999% | 8.3% | 5.4% | 2.4% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Yelin Lapidot Holdings Management Ltd. | $2.4M | 253K | 61.6% | 0.0% |
| Renaissance Technologies LLC | $734,569 | 77K | 18.9% | ▼ 3.7% |
| Newedge Advisors, LLC | $246,117 | 26K | 6.3% | 0.0% |
| James Investment Research, Inc. | $246,117 | 26K | 6.3% | 0.0% |
| Northern Trust Corp | $240,094 | 25K | 6.2% | 0.0% |
| Osaic Holdings, Inc. | $19,000 | 2K | 0.5% | 0.0% |
| Morgan Stanley | $4,750 | 1K | 0.1% | ▼ 16.7% |
| Wells Fargo & Company | $3,800 | 0K | 0.1% | New |
| Sbi Securities Co., Ltd. | $561 | 0K | 0.0% | 0.0% |
| UBS Group AG | $19 | 0K | 0.0% | ▼ 90.5% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Eltek LTD's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Dovev Gad Director | September 22, 2026 | Sell | 852 | $8.52 | $7,259 |
| Dovev Gad Director | September 17, 2026 | Sell | 4,260 | $8.52 | $36,295 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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