Eltek Stock Return On Asset
| ELTK Stock | USD 11.10 0.31 2.87% |
Eltek fundamentals help investors to digest information that contributes to Eltek's financial success or failures. It also enables traders to predict the movement of Eltek Stock. The fundamental analysis module provides a way to measure Eltek's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eltek stock.
Return On Assets is expected to rise to 0.14 this year. Eltek | Return On Asset |
Eltek Company Return On Asset Analysis
Eltek's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Eltek Return On Asset | 0.1 |
Most of Eltek's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eltek is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Eltek Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Eltek is extremely important. It helps to project a fair market value of Eltek Stock properly, considering its historical fundamentals such as Return On Asset. Since Eltek's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Eltek's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Eltek's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Eltek Total Assets
Total Assets |
|
Based on the latest financial disclosure, Eltek has a Return On Asset of 0.1034. This is 103.58% lower than that of the Electronic Equipment, Instruments & Components sector and 100.82% lower than that of the Information Technology industry. The return on asset for all United States stocks is 173.86% lower than that of the firm.
Eltek Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eltek's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eltek could also be used in its relative valuation, which is a method of valuing Eltek by comparing valuation metrics of similar companies.Eltek is currently under evaluation in return on asset category among related companies.
Eltek Current Valuation Drivers
We derive many important indicators used in calculating different scores of Eltek from analyzing Eltek's financial statements. These drivers represent accounts that assess Eltek's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eltek's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 13.4M | 22.6M | 21.7M | 24.0M | 82.3M | 86.5M | |
| Enterprise Value | 20.3M | 29.1M | 26.2M | 28.0M | 79.7M | 83.7M |
Eltek Fundamentals
| Return On Equity | 0.27 | ||||
| Return On Asset | 0.1 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 66.87 M | ||||
| Shares Outstanding | 6.7 M | ||||
| Shares Owned By Insiders | 51.62 % | ||||
| Shares Owned By Institutions | 6.11 % | ||||
| Number Of Shares Shorted | 94.62 K | ||||
| Price To Earning | 6.83 X | ||||
| Price To Book | 2.44 X | ||||
| Price To Sales | 1.40 X | ||||
| Revenue | 46.7 M | ||||
| Gross Profit | 8.27 M | ||||
| EBITDA | 8.61 M | ||||
| Net Income | 6.35 M | ||||
| Cash And Equivalents | 8.25 M | ||||
| Cash Per Share | 1.41 X | ||||
| Total Debt | 6.66 M | ||||
| Debt To Equity | 0.58 % | ||||
| Current Ratio | 2.46 X | ||||
| Book Value Per Share | 4.46 X | ||||
| Cash Flow From Operations | 8.86 M | ||||
| Short Ratio | 0.70 X | ||||
| Earnings Per Share | 1.07 X | ||||
| Target Price | 15.0 | ||||
| Number Of Employees | 333 | ||||
| Beta | -1.82 | ||||
| Market Capitalization | 72.35 M | ||||
| Total Asset | 47.17 M | ||||
| Retained Earnings | (4.84 M) | ||||
| Working Capital | 16.13 M | ||||
| Current Asset | 13.96 M | ||||
| Current Liabilities | 11.98 M | ||||
| Annual Yield | 0.02 % | ||||
| Net Asset | 47.17 M | ||||
| Last Dividend Paid | 0.22 |
About Eltek Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eltek's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eltek using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eltek based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eltek in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eltek's short interest history, or implied volatility extrapolated from Eltek options trading.
Pair Trading with Eltek
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eltek position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eltek will appreciate offsetting losses from the drop in the long position's value.Moving together with Eltek Stock
| 0.62 | KN | Knowles Cor Earnings Call This Week | PairCorr |
| 0.81 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
| 0.76 | LPL | LG Display Financial Report 20th of May 2024 | PairCorr |
Moving against Eltek Stock
| 0.71 | CDW | CDW Corp Earnings Call This Week | PairCorr |
| 0.67 | AVNW | Aviat Networks Earnings Call This Week | PairCorr |
| 0.63 | ITRN | Ituran Location | PairCorr |
| 0.46 | NTGR | NETGEAR Earnings Call This Week | PairCorr |
| 0.41 | OCC | Optical Cable | PairCorr |
The ability to find closely correlated positions to Eltek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eltek when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eltek - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eltek to buy it.
The correlation of Eltek is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eltek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eltek moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eltek can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Eltek Piotroski F Score and Eltek Altman Z Score analysis. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Eltek Stock analysis
When running Eltek's price analysis, check to measure Eltek's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eltek is operating at the current time. Most of Eltek's value examination focuses on studying past and present price action to predict the probability of Eltek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eltek's price. Additionally, you may evaluate how the addition of Eltek to your portfolios can decrease your overall portfolio volatility.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |
Is Eltek's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eltek. If investors know Eltek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eltek listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.598 | Dividend Share 0.22 | Earnings Share 1.07 | Revenue Per Share 7.911 | Quarterly Revenue Growth 0.176 |
The market value of Eltek is measured differently than its book value, which is the value of Eltek that is recorded on the company's balance sheet. Investors also form their own opinion of Eltek's value that differs from its market value or its book value, called intrinsic value, which is Eltek's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eltek's market value can be influenced by many factors that don't directly affect Eltek's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eltek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eltek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eltek's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.