Eltek Ltd is an established manufacturer of Printed Circuit Boards (PCBs) that is entering a new growth phase due to increases in manufacturing capacity and potential M&A transactions. The company has the potential to grow both revenues and earnings at double-digit growth rates for the foreseeable future if they can execute on their accelerated investment program and maintain technological superiority. The company maintains a strong balance sheet and generates free cash flow. The company's current stock price does not likely reflect the potential level of profitable growth going forward.
24 May 2024
ELTK: Eltek releases 1st quarter 2024 financial results. The company also provided updates on market trends and its capacity improvement program. We maintain our price target of 18.00 per share.
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ELTK: Eltek releases 1st quarter 2024 financial results. The company also provided updates on market trends and its capacity improvement program. We maintain our price target of 18.00 per share.
Eltek Ltd is an established manufacturer of Printed Circuit Boards (PCBs) that is entering a new growth phase due to increases in manufacturing capacity and potential M&A transactions. The company has the potential to grow both revenues and earnings at double-digit growth rates for the foreseeable future if they can execute on their accelerated investment program and maintain technological superiority. The company maintains a strong balance sheet and generates free cash flow. The company's current stock price does not likely reflect the potential level of profitable growth going forward.