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Eltek

ELTK
14
Hardware, Equipment & Parts · Technology
Exchange
NASDAQ
Winston Score
14
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available
Dividends
Mixed

Winston Score History

The full picture

Eltek is an Israeli company that makes printed circuit boards (PCBs) — the flat boards inside electronics that connect all the components together. Its PCBs go into products for defense, aerospace, medical devices, and industrial equipment. It is one of the few PCB manufacturers based in Israel, serving customers who need specialized, high-reliability boards.

Eltek earns revenue by manufacturing and selling PCBs, mostly to customers in Israel and the United States. It is a small company with a market cap around $100 million. Its niche focus on complex, high-reliability boards for defense and medical markets gives it a specialized position, though it competes against much larger Asian manufacturers on price. Recent financial results show negative margins, making a return to profitability a key challenge the company must address going forward.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-7.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-855.1% YoY

YoY Growth Rate

Earnings declining

Insider Activity

58.9%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~10 years

$12M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$12M cash & investments at current burn rate

Revenue declining

Eltek's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
-8.4%
Thin — -8.4% gross margin
Profit after running costs
Operating Margin
-22.1%
Losing money on operations — -22.1%
Return on the money invested
ROCE
-12.7%
Weak — -12.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-2.2%
Shrinking sales (-2.2% YoY)
Profit growth
EPS YoY
-294.7%
Earnings shrinking (-294.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-1.5%
Burning cash (-1.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
2.36%
no trend
Moderate income — 2.36% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
N/A
no trend
Data not available

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