Eltek Ltd. (ELTK) AI Stock Analysis

Headquartered in Petach Tikva, Israel, Eltek Ltd. was established in 1970 and specializes in the manufacturing, marketing, and distribution of printed circuit boards (PCBs) worldwide. Operating as a subsidiary of Nistec Golan Ltd., the company produces custom-designed PCBs, including rigid, double-sided, multi-layer, high density interconnect, flex-rigid, and flexible circuitry boards. Eltek serves industries such as defense, aerospace, medical, industrial, telecom, networking, and contract electronic manufacturers. Its distribution approach combines direct sales personnel, independent sales representatives, and partnerships with PCB trading and manufacturing companies across Israel, Europe, North America, India, and the Netherlands.

Revenue grew from $33.8M in FY2021 to $51.8M in FY2025, reflecting a 5-year CAGR of 7.1%. Annual revenue growth reached 17.2% in FY2022 and 17.8% in FY2023, before recording -0.4% in FY2024 and expanding 11.3% in FY2025. Profitability contracted over this period; gross margin dropped from 28.1% in FY2023 to 15.4% in FY2025, while net income fell from $6.4M in FY2023 to $826,000 in FY2025. Over the trailing twelve months ended June 30, 2026, revenue was $48.5M with an operating margin of -22.1% and an EPS of -$0.87. In the latest quarter, quarterly revenue fell 7.9% and quarterly earnings fell 54.5% year-over-year.

As of June 30, 2026, Eltek held $11.5M in cash and short-term investments against total debt of $12.9M, resulting in net debt of $1.4M. The company maintains a current ratio of 2.15 and a debt-to-equity ratio of 0.29 on shareholders' equity of $44.4M and total assets of $73.1M. Operating cash flow totaled $632,000 in FY2025, while free cash flow stood at -$4.7M after capital expenditures of $5.4M. In addition, the company paid $1.3M in dividends during FY2025.

At a closing price of $6.80, Eltek trades at a market capitalization of $45.7M and an enterprise value of $56.4M. The stock trades at a forward P/E of 10.2x and an EV to EBITDA of 15.0x, compared to the median of its US-listed Technology peers of 18.8x and 16.6x, respectively. Its price-to-sales ratio of 0.9x is also below the peer median of 2.8x. Over the past year, Eltek shares fell 39.0%, underperforming the S&P 500 (SPY) return of 16.8%. Over five years, the stock returned 30.5% compared to 83.0% for the S&P 500.

Wall Street analysts maintain a mean price target of $18.00 for Eltek, implying 164.7% upside compared to the last close of $6.80. For the next fiscal year, consensus estimates project revenue of $59.0M, representing revenue growth of 9.0%, alongside an EPS estimate of $0.00. Over the last four quarters, the company beat EPS estimates 1 time. Eltek's next earnings date is scheduled for November 17, 2026.

This page is an AI-written research summary of Eltek Ltd. (ELTK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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