ELTEK LTD
ELTK · Printed Circuit Boards · EDGAR filings ↗
Grade
D50Israeli PCB maker with thin margins, an earnings collapse, and cash burn this year.
Strengths
- Strong liquidity — current ratio 2.82 (91st)
- Revenue growth — +11.3% (75th)
Risks
- Thin margins, earnings collapse — gross margin 15.4%, net income -80.4% (8th)
- Cash burn — FCF -$4.2M, OCF margin 2.2%
- Small scale, defense/industrial cyclicality — per 10-K
Notable findings
- Cash burnNegative free cash flow (-4.2M)
- Customer concentration~14% of revenue from one customer/distributor — 5% and 14
Quarterly revenue
Last 3 quarters · from SEC filings.
Key metrics
Gross margin
15.4%
Operating margin
4.5%
Net margin
1.6%
Return on equity
1.8%
Return on assets
1.2%
Revenue growth (QoQ)
-7.9%
Net-income growth
-80.4%
Interest coverage
1.8×
Current ratio
2.8×
Free cash flow
-$4M
EBITDA
$4M
Tangible book value
$47M
Cash & investments
$2M
Cash runway
2q
Stock comp / revenue
1.0%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-26 | 2025-12-31 | 0001178913-26-001768 ↗ |
| 20-F | 2025-04-08 | 2024-12-31 | 0001178913-25-001230 ↗ |
| 20-F | 2024-03-26 | 2023-12-31 | 0001178913-24-001087 ↗ |
| 20-F | 2023-03-23 | 2022-12-31 | 0001178913-23-001119 ↗ |
| 20-F | 2022-03-23 | 2021-12-31 | 0001178913-22-001230 ↗ |
| 20-F | 2021-03-25 | 2020-12-31 | 0001178913-21-001184 ↗ |
| 20-F | 2020-04-27 | 2019-12-31 | 0001178913-20-001233 ↗ |
| 20-F | 2019-04-18 | 2018-12-31 | 0001178913-19-001176 ↗ |
| 20-F | 2018-04-30 | 2017-12-31 | 0001178913-18-001342 ↗ |
| 20-F | 2017-03-27 | 2016-12-31 | 0001178913-17-000898 ↗ |
| 20-F | 2016-03-23 | 2015-12-31 | 0001178913-16-004807 ↗ |
| 20-F | 2015-04-02 | 2014-12-31 | 0001178913-15-001168 ↗ |