Eltek Ltd - ELTK

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Munnybunny
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Re: Eltek Ltd - ELTK

Bericht door Munnybunny »

Shabbat Shalom

Ook minder positieve artikels mogen gepost worden, alleen ben ik het niet eens met de auteur. Ik zie dit aandeel verder doorstijgen.

Eltek Ltd.'s (NASDAQ:ELTK) Price Is Right But Growth Is Lacking After Shares Rocket 29%
BySimply Wall StPublishedFebruary 10, 2021

NasdaqCM:ELTK
Despite an already strong run, Eltek Ltd. (NASDAQ:ELTK) shares have been powering on, with a gain of 29% in the last thirty days. Looking back a bit further, it's encouraging to see the stock is up 50% in the last year.

Although its price has surged higher, given close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 22x, you may still consider Eltek as an attractive investment with its 12.9x P/E ratio. However, the P/E might be low for a reason and it requires further investigation to determine if it's justified.

Recent times have been quite advantageous for Eltek as its earnings have been rising very briskly. One possibility is that the P/E is low because investors think this strong earnings growth might actually underperform the broader market in the near future. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's out of favour.

How Is Eltek's Growth Trending?
There's an inherent assumption that a company should underperform the market for P/E ratios like Eltek's to be considered reasonable.

Retrospectively, the last year delivered an exceptional 98% gain to the company's bottom line. However, the latest three year period hasn't been as great in aggregate as it didn't manage to provide any growth at all. Therefore, it's fair to say that earnings growth has been inconsistent recently for the company.

Comparing that to the market, which is predicted to deliver 18% growth in the next 12 months, the company's momentum is weaker based on recent medium-term annualised earnings results.

In light of this, it's understandable that Eltek's P/E sits below the majority of other companies. It seems most investors are expecting to see the recent limited growth rates continue into the future and are only willing to pay a reduced amount for the stock.

The Bottom Line On Eltek's P/E
Eltek's stock might have been given a solid boost, but its P/E certainly hasn't reached any great heights. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.

We've established that Eltek maintains its low P/E on the weakness of its recent three-year growth being lower than the wider market forecast, as expected. Right now shareholders are accepting the low P/E as they concede future earnings probably won't provide any pleasant surprises. Unless the recent medium-term conditions improve, they will continue to form a barrier for the share price around these levels.





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Munnybunny
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Re: Eltek Ltd - ELTK

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$8.12 hod

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Re: Eltek Ltd - ELTK

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Eltek Announces Revenue Update for 2020 and Shortage of Pyralux AP, a Key Raw Material Used in the Production of Flexible and Flex-Rigid PCBs

Feb 18, 2021, 08:30 ET


PETACH-TIKVA, Israel, Feb. 18, 2021 /PRNewswire/ -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, today provided an update regarding the Company's revenues in the year ended December 31, 2020 and the impact the worldwide shortage of Pyralux AP, a key material produced by DuPont that is used in the production of flexible and flex–rigid printed circuit boards.

Based on a preliminary and unaudited financial report, the Company expects to report revenues of approximately $36.7 million for the year ended December 31, 2020 compared to revenues of $34.8 million reported for the year ended December 31, 2019, growth of 5.5% in revenues year over year, reflecting the Company's continued ability to operate successfully during the COVID-19 pandemic. The 2020 financial information is unaudited and subject to audit changes.

As previously announced, during December 2020 we successfully completed a rights offering to our shareholders providing gross proceeds of $5.7 million to the Company. The proceeds from the offering reduced our indebtedness to Nistec, our controlling shareholder, and improved the Company's balance sheet and its financial ratios.

The Company also indicated that its operations in the first quarter of 2021 will likely be negatively impacted as a result of the worldwide shortage of Pyralux AP, a laminate produced by DuPont that is used in the production of flexible and flex–rigid printed circuit boards. The Company is presently introducing an alternative raw material for its production of PCBs to its customers. While revenues are likely to be impacted in the first quarter, the Company expects that revenues will rebound during following quarters and lost sales will be recovered upon the expected availability of Pyralux AP and authorization of alternative raw material by Eltek's customers.

About Eltek

Eltek – "Innovation Across the Board", is a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), and is the Israeli leader in this industry. PCBs are the core circuitry of most electronic devices. Eltek specializes in the manufacture and supply of complex and high quality PCBs, HDI, multilayered and flex-rigid boards for the high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP Electronics certifications. Its customers include leading companies in the defense, aerospace and medical industries in Israel, the United States, Europe and Asia.
vault77 liked last!

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KraFtaVerK
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Re: Eltek Ltd - ELTK

Bericht door KraFtaVerK »

Starter pos ingenomen gisteren. Low 5 koop ik bij.
Zonder wrijving geen glans.

And yet it takes only the smallest pleasure or pain to teach us time’s malleability.

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vault77
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Re: Eltek Ltd - ELTK

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KraFtaVerK schreef:
22 feb 2021 19:03
Starter pos ingenomen gisteren. Low 5 koop ik bij.
Afbeelding
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KraFtaVerK
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Re: Eltek Ltd - ELTK

Bericht door KraFtaVerK »

Aan 6,3 verkocht met enkele euros winst gelet op toenemende nervositeit op de beurzen.
Zonder wrijving geen glans.

And yet it takes only the smallest pleasure or pain to teach us time’s malleability.


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