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Eltek Ltd (ELTK)ELTK
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Upturn Advisory Summary
11/20/2024: ELTK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 21.93% | Upturn Advisory Performance 3 | Avg. Invested days: 28 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 11/20/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 21.93% | Avg. Invested days: 28 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 78.15M USD |
Price to earnings Ratio 13.71 | 1Y Target Price 18 |
Dividends yield (FY) 1.96% | Basic EPS (TTM) 0.85 |
Volume (30-day avg) 17827 | Beta 0.46 |
52 Weeks Range 9.00 - 22.80 | Updated Date 11/20/2024 |
Company Size Small-Cap Stock | Market Capitalization 78.15M USD | Price to earnings Ratio 13.71 | 1Y Target Price 18 |
Dividends yield (FY) 1.96% | Basic EPS (TTM) 0.85 | Volume (30-day avg) 17827 | Beta 0.46 |
52 Weeks Range 9.00 - 22.80 | Updated Date 11/20/2024 |
Earnings Date
Report Date 2024-11-14 | When BeforeMarket |
Estimate 0.31 | Actual 0.25 |
Report Date 2024-11-14 | When BeforeMarket | Estimate 0.31 | Actual 0.25 |
Profitability
Profit Margin 12.85% | Operating Margin (TTM) 3.87% |
Management Effectiveness
Return on Assets (TTM) 8.35% | Return on Equity (TTM) 19.49% |
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 13.71 | Forward PE 10.79 |
Enterprise Value 66115281 | Price to Sales(TTM) 1.68 |
Enterprise Value to Revenue 1.37 | Enterprise Value to EBITDA 8.19 |
Shares Outstanding 6708520 | Shares Floating 3178833 |
Percent Insiders 52.62 | Percent Institutions 7.82 |
Trailing PE 13.71 | Forward PE 10.79 | Enterprise Value 66115281 | Price to Sales(TTM) 1.68 |
Enterprise Value to Revenue 1.37 | Enterprise Value to EBITDA 8.19 | Shares Outstanding 6708520 | Shares Floating 3178833 |
Percent Insiders 52.62 | Percent Institutions 7.82 |
Analyst Ratings
Rating 5 | Target Price 11.5 | Buy - |
Strong Buy 1 | Hold - | Sell - |
Strong Sell - |
Rating 5 | Target Price 11.5 | Buy - | Strong Buy 1 |
Hold - | Sell - | Strong Sell - |
AI Summarization
Eltek Ltd. Stock Overview (As of October 26, 2023)
** Disclaimer:** This information is for educational purposes only and should not be considered financial advice. Please consult a qualified financial professional before making any investment decisions.
Company Profile
Detailed History and Background:
Eltek Ltd. (NASDAQ: ELTK) was founded in 1972 in Israel as a manufacturer of power electronics and energy conversion solutions. The company has grown significantly over the years, expanding its product offerings and geographic reach. Today, Eltek is a global leader in the design, development, and manufacturing of high-efficiency power supplies, inverters, and other critical power solutions for various industries, including telecom, data centers, industrial, and renewable energy.
Core Business Areas:
- Power Electronics: Eltek manufactures a wide range of power electronics products, including AC-DC power supplies, DC-DC converters, and inverters. These products are used in various applications, such as powering telecommunications equipment, data center servers, and industrial machinery.
- Energy Conversion Solutions: Eltek offers a comprehensive suite of energy conversion solutions, including solar inverters, battery storage systems, and microgrids. These solutions help businesses and organizations reduce their energy consumption and costs while increasing their reliance on renewable energy sources.
Leadership Team and Corporate Structure:
Eltek is led by a team of experienced executives with a strong track record in the power electronics industry. The company's corporate structure is designed to support its global operations and growth initiatives.
Top Products and Market Share
Top Products:
- Rectifiers: Eltek is a leading provider of high-efficiency rectifiers, which convert AC power to DC power. These products are used in various applications, including telecom, data centers, and industrial settings.
- Inverters: Eltek offers a wide range of inverters, which convert DC power to AC power. These products are used in various applications, including solar power systems, battery storage systems, and electric vehicle charging stations.
- Power Supplies: Eltek manufactures a wide range of power supplies, which provide stable and reliable power to various electronic devices and systems.
Market Share:
Eltek has a significant market share in the global power electronics market, particularly in the telecommunications and data center sectors. The company's market share varies depending on the specific product category and geographic region.
Product Performance and Market Reception:
Eltek's products are known for their high efficiency, reliability, and durability. The company has received numerous awards and recognitions for its innovative products and solutions.
Total Addressable Market
The total addressable market (TAM) for Eltek's products is estimated to be several billion dollars. The TAM is driven by the growing demand for power electronics and energy conversion solutions across various industries, including telecommunications, data centers, industrial, and renewable energy.
Financial Performance
Recent Financial Statements:
Eltek's recent financial statements show strong revenue growth and profitability. The company has a healthy balance sheet and strong cash flow.
Year-over-Year Financial Performance Comparison:
Eltek's financial performance has been steadily improving over the past few years. The company has shown strong revenue growth, margin expansion, and increasing profitability.
Cash Flow Statements and Balance Sheet Health:
Eltek has a strong cash flow position and a healthy balance sheet. The company has a low debt-to-equity ratio and ample liquidity.
Dividends and Shareholder Returns
Dividend History:
Eltek has a history of paying dividends to shareholders. The company's recent dividend yield is around 2%.
Shareholder Returns:
Eltek's shareholders have enjoyed strong returns over the past few years. The company's stock price has more than doubled in the past year.
Growth Trajectory
Historical Growth Analysis:
Eltek has experienced strong historical growth, driven by increasing demand for its products and solutions.
Future Growth Projections:
Eltek is expected to continue its growth trajectory in the coming years, driven by the growing demand for power electronics and energy conversion solutions. The company is well-positioned to benefit from the increasing adoption of renewable energy and the growth of the data center industry.
Recent Product Launches and Strategic Initiatives:
Eltek has recently launched several new products and initiatives to support its growth strategy. These include new high-efficiency power supplies, advanced inverters, and energy storage solutions.
Market Dynamics
Industry Overview:
The power electronics industry is a growing and dynamic market, driven by the increasing demand for energy efficiency, reliability, and sustainability. The industry is characterized by technological innovation and fierce competition.
Eltek's Positioning and Adaptability:
Eltek is well-positioned within the industry as a leading provider of high-efficiency power electronics and energy conversion solutions. The company is constantly innovating and adapting to meet the changing needs of its customers.
Competitors
Key Competitors:
- Delta Electronics (DEL)
- Emerson Electric (EMR)
- Eaton (ETN)
- ABB (ABB)
- Schneider Electric (SU)
Market Share Comparison:
Eltek's market share varies depending on the specific product category and geographic region. However, the company is a major player in the global power electronics market.
Competitive Advantages and Disadvantages:
Eltek's competitive advantages include its strong brand reputation, innovative products, global reach, and strong customer relationships. The company's main disadvantage is its relatively small size compared to some of its larger competitors.
Potential Challenges and Opportunities
Key Challenges:
- Supply chain disruptions
- Technological advancements
- Competitive pressures
Potential Opportunities:
- New markets
- Product innovations
- Strategic partnerships
Recent Acquisitions
Eltek has not made any acquisitions in the last 3 years.
AI-Based Fundamental Rating
AI-Based Rating: 8/10
Justification:
Eltek is a financially strong company with a solid track record of growth and profitability. The company has a strong market position and is well-positioned to benefit from the growing demand for power electronics and energy conversion solutions. However, Eltek faces challenges from larger competitors and must continue to innovate to maintain its competitive edge.
Sources and Disclaimers
Sources:
- Eltek Ltd. website
- Bloomberg
- Yahoo Finance
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Please consult a qualified financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Eltek Ltd
Exchange | NASDAQ | Headquaters | - |
IPO Launch date | 1997-01-22 | CEO | - |
Sector | Technology | Website | https://www.nisteceltek.com |
Industry | Electronic Components | Full time employees | 333 |
Headquaters | - | ||
CEO | - | ||
Website | https://www.nisteceltek.com | ||
Website | https://www.nisteceltek.com | ||
Full time employees | 333 |
Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, Europe, North America, India, the Netherlands, and internationally. It offers a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high density interconnect, flex-rigid, and multi-layered boards. It primarily serves medical technology, defense and aerospace, industrial, telecom, and networking equipment industries, as well as contract electronic manufacturers. 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 Petah Tikva, Israel. Eltek Ltd. operates as a subsidiary of Nistec Golan Ltd.
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