Eltek Ltd.
Printed circuit boards company · L3 · FY ends Dec · Revenue $52M · 4.53% margin · -$4M FCF
$6.80
+$0.01 (+0.15%)
EOD Oct 16, 2026
Operating margin is thin at 4.53%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 11.3%, still solid. Margins contracted 4.9pp, which offsets some of the top-line progress.
At 57x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 8.47% to 3.98%, capital efficiency is deteriorating.
56.7x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$52M
▲ +11.3% YoY
Net Income (TTM)
$826K
▼ -80.4% YoY
Op. Margin
4.53%
▼ -4.9pp YoY
ROIC
3.98%
▼ -4.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$4M
▲ +15.3% YoY
Op. Cash Flow (TTM)
$1M
▼ -74.8% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$12M
5Y CAGR: +7.1%
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SourceComputed from the 10-K filed 26 Mar 2026, covering the period ending 31 Dec 2025, as reported to the SEC. Data last refreshed 12 Jun 2026. How this is calculated.
Price from market data, last close as of 16 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Eltek (ELTK) overvalued?
At a P/E of 56.7, Eltek (ELTK)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Eltek scores 25/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Eltek a high-quality business?+
Eltek scores 25 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 4.5% operating margin and a 4.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Eltek (ELTK) pay a dividend, and how much?+
Yes, Eltek pays a regular dividend of about $0.19 per share per year (typically in quarterly installments), a yield of roughly 2.8% at the current price. That is a payout ratio of about 154.5% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ELTK's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Eltek a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh ELTK's valuation and scores 25/100 on quality (lower-quality). It also yields about 2.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Printed Circuit Boards
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.