Eltek Ltd.
ELTK Technology Electronic Components
Eltek Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $51.8 million, up 11.3% from fiscal 2024. In the quarter to June 2026, revenue fell 7.94%, EPS fell 920.0% and free cash flow grew 94.4%, each against the same quarter a year earlier.
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Eltek Ltd. (ELTK) Altman Z-score
Eltek Ltd.'s Altman Z-score for fiscal 2025 is 3.11, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.11 | (0.72) |
| FY2024 | 3.83 | (0.37) |
| FY2023 | 4.20 | 2.23 |
| FY2022 | 1.97 | 0.45 |
| FY2021 | 1.52 | (0.12) |
| FY2020 | 1.64 | 0.70 |
| FY2019 | 0.94 | 1.30 |
| FY2018 | −0.37 | (0.16) |
| FY2017 | −0.21 | (1.02) |
| FY2016 | 0.81 | (0.98) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.38 | — | 0.45 | |
| Retained earnings / total assets | (0.02) | — | −0.02 | |
| EBIT / total assets | 0.04 | — | 0.12 | |
| Market value of equity / total liabilities | 2.98 | — | 1.79 | |
| Sales / total assets | 0.78 | — | 0.78 | |
| Altman Z-score | Safe zone | 3.11 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.17 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LINK Interlink Electronics, Inc. compare | 8.4× |
| KULR KULR Technology Group, Inc. compare | 7.2× |
| CPSH CPS Technologies Corp. compare | 6.6× |
| DSWL Deswell Industries, Inc. compare | 3.2× |
| ELTK Eltek Ltd. | 3.1× |
| HOLO MicroCloud Hologram Inc. compare | 2.9× |
| DAIO Data I/O Corporation compare | 2.9× |
| WBX Wallbox N.V. compare | −4.4× |
| REFR Research Frontiers Incorporated compare | −61.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets