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Eltek Ltd (ELTK)

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Upturn Advisory Summary
10/31/2025: ELTK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $18
1 Year Target Price $18
| 1 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -20.81% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 75.73M USD | Price to earnings Ratio 25.04 | 1Y Target Price 18 |
Price to earnings Ratio 25.04 | 1Y Target Price 18 | ||
Volume (30-day avg) 1 | Beta 0.54 | 52 Weeks Range 7.48 - 12.19 | Updated Date 11/2/2025 |
52 Weeks Range 7.48 - 12.19 | Updated Date 11/2/2025 | ||
Dividends yield (FY) 1.69% | Basic EPS (TTM) 0.45 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.26% | Operating Margin (TTM) 11.62% |
Management Effectiveness
Return on Assets (TTM) 4.66% | Return on Equity (TTM) 7.51% |
Valuation
Trailing PE 25.04 | Forward PE 10.25 | Enterprise Value 68547916 | Price to Sales(TTM) 1.53 |
Enterprise Value 68547916 | Price to Sales(TTM) 1.53 | ||
Enterprise Value to Revenue 1.38 | Enterprise Value to EBITDA 9.92 | Shares Outstanding 6719827 | Shares Floating 3177229 |
Shares Outstanding 6719827 | Shares Floating 3177229 | ||
Percent Insiders 52.69 | Percent Institutions 8.31 |
Upturn AI SWOT
Eltek Ltd

Company Overview
History and Background
Eltek Ltd is a global provider of high-reliability, high-density printed circuit boards (PCBs). Founded in 1970, it has evolved from a local PCB manufacturer to an international player with advanced technology and diverse applications.
Core Business Areas
- High Density Interconnect (HDI) PCBs: Manufacturing of advanced PCBs with fine lines and micro vias, used in demanding applications.
- Rigid-Flex PCBs: Production of PCBs that combine rigid and flexible sections, suitable for complex electronic designs.
- Specialized PCBs: Creating PCBs for specific industries, including military, aerospace, and medical.
Leadership and Structure
Eltek's leadership team consists of experienced professionals in the PCB industry. The organizational structure is designed to support global manufacturing and customer service.
Top Products and Market Share
Key Offerings
- HDI PCBs: High-density interconnect PCBs for applications requiring miniaturization and high performance. The market share data is difficult to obtain precisely, but estimates suggest Eltek holds a single-digit percentage in the global HDI PCB market. Key competitors include TTM Technologies (TTMI), Compeq (TWSE:2313), and Unimicron (TWSE:3037).
- Rigid-Flex PCBs: PCBs that combine rigid and flexible circuit boards, used in applications with limited space. As above, the market share data is difficult to obtain precisely, but estimates suggest Eltek holds a single-digit percentage. Key competitors include NOK (TYO:7240), and Multi-Fineline Electronix (acquired by Suzhou Dongshan Precision Manufacturing Co., Ltd.).
Market Dynamics
Industry Overview
The global PCB market is experiencing growth, driven by advancements in electronics, increasing demand for miniaturization, and expansion in the automotive, industrial, and consumer electronics sectors.
Positioning
Eltek is positioned as a provider of high-quality, specialized PCBs for demanding applications. Its competitive advantages include advanced technology, manufacturing expertise, and customer service.
Total Addressable Market (TAM)
The global PCB market is estimated to be over $80 billion, with continued growth expected. Eltek targets specific segments within this market, focusing on high-reliability applications.
Upturn SWOT Analysis
Strengths
- Advanced PCB technology
- High-quality manufacturing
- Strong customer relationships
- Expertise in specialized applications
Weaknesses
- Limited scale compared to larger competitors
- Dependence on specific industries
- Exposure to raw material price fluctuations
Opportunities
- Growing demand for HDI and rigid-flex PCBs
- Expansion into new industries (e.g., electric vehicles)
- Strategic partnerships and acquisitions
- Increasing outsourcing of PCB manufacturing
Threats
- Intense competition from global PCB manufacturers
- Technological obsolescence
- Economic downturns impacting demand
- Geopolitical risks affecting supply chains
Competitors and Market Share
Key Competitors
- TTMI
- SANMINA
- VPCB
Competitive Landscape
Eltek competes with larger PCB manufacturers on technology and specialization. It needs to leverage its strengths in specific markets to maintain a competitive edge.
Major Acquisitions
Nistec Ltd.
- Year: 2016
- Acquisition Price (USD millions):
- Strategic Rationale: Nistec, a technology holding company, acquired Eltek to strengthen its position in the PCB market and expand its portfolio of technology solutions.
Growth Trajectory and Initiatives
Historical Growth: Historical growth was dependent on global economic conditions and specific industry trends.
Future Projections: Future growth is now tied to Nistec's overall strategy and investment in the PCB sector. Independent projections are unavailable.
Recent Initiatives: Focus is on integrating Eltek's capabilities within Nistec's broader operations and leveraging synergies.
Summary
Eltek Ltd, now part of Nistec, operates in the high-reliability PCB market. It faces strong competition but has strengths in specialized applications and technology. The acquisition brings opportunities for growth, but its independent financial visibility is now limited. Eltek needs to focus on leveraging its technological capabilities and strategic partnerships to stay competitive and grow within Nistec's framework. Continuous innovation is key to address both increased competition and cost optimization pressures within the overall global PCB supply chain.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- SEC Filings (where available)
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and estimates. Market share data is approximate. Financial data may be limited due to Eltek's status as a subsidiary of Nistec.
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 | Industry Electronic Components | Full time employees 329 | Website https://www.nisteceltek.com |
Full time employees 329 | Website https://www.nisteceltek.com | ||
Eltek Ltd. manufactures, markets, and sells printed circuit boards (PCBs) in Israel, North America, India, the Netherlands, rest of Europe, and internationally. It offers a range of custom designed PCBs, including complex rigid, double-sided and multi-layer PCBs, and flexible circuitry boards. The company also provides high-density circuit boards; and flexible and flex rigid PCBs, and multi-layered boards, as well as act as a supplier for the importation of PCBs. In addition, it provides training and consulting services. The company primarily serves medical technology, defense and aerospace, industrial, telecom, and networking equipment industries, as well as contract electronic manufacturers. It 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. is a subsidiary of Nistec Golan Ltd.

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