Eltek Common Stock vs Retained Earnings Analysis
ELTK Stock | USD 10.90 0.06 0.55% |
Eltek financial indicator trend analysis is much more than just examining Eltek latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eltek is a good investment. Please check the relationship between Eltek Common Stock and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.
Common Stock vs Retained Earnings
Common Stock vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eltek Common Stock account and Retained Earnings. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Eltek's Common Stock and Retained Earnings is 0.18. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Eltek, assuming nothing else is changed. The correlation between historical values of Eltek's Common Stock and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Eltek are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Common Stock i.e., Eltek's Common Stock and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.18 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Eltek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eltek current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.At this time, Eltek's Tax Provision is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 9.72 this year, although the value of Selling General Administrative will most likely fall to about 5.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 488K | 129K | 84K | 79.8K | Depreciation And Amortization | 1.8M | 1.5M | 1.3M | 1.7M |
Eltek fundamental ratios Correlations
Click cells to compare fundamentals
Eltek Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eltek fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 22.8M | 35.2M | 42.8M | 41.5M | 47.2M | 28.0M | |
Short Long Term Debt Total | 8.5M | 11.2M | 13.7M | 11.3M | 6.7M | 8.2M | |
Other Current Liab | 206K | 407K | 384K | 4.1M | 5.7M | 6.0M | |
Total Current Liabilities | 14.8M | 9.7M | 9.3M | 10.5M | 14.0M | 14.1M | |
Total Stockholder Equity | 6.3M | 15.3M | 21.1M | 21.0M | 26.9M | 28.2M | |
Property Plant And Equipment Net | 9.3M | 16.2M | 16.3M | 15.4M | 15.9M | 11.4M | |
Net Debt | 6.8M | 6.5M | 4.5M | 3.9M | (2.6M) | (2.5M) | |
Retained Earnings | (19.7M) | (17.1M) | (12.1M) | (9.9M) | (4.8M) | (5.1M) | |
Accounts Payable | 4.7M | 4.5M | 4.0M | 4.8M | 7.5M | 6.0M | |
Cash | 1.6M | 4.7M | 9.3M | 7.4M | 9.3M | 9.7M | |
Non Current Assets Total | 9.3M | 16.3M | 20.2M | 18.1M | 17.1M | 12.7M | |
Cash And Short Term Investments | 1.6M | 4.7M | 9.3M | 7.4M | 12.1M | 12.7M | |
Net Receivables | 7.6M | 9.8M | 7.8M | 10.4M | 11.3M | 8.0M | |
Common Stock Shares Outstanding | 3.7M | 4.5M | 5.9M | 5.8M | 6.0M | 6.3M | |
Liabilities And Stockholders Equity | 22.8M | 35.2M | 42.8M | 41.5M | 47.2M | 28.0M | |
Non Current Liabilities Total | 1.8M | 10.2M | 12.5M | 10.0M | 6.3M | 4.2M | |
Inventory | 3.7M | 3.7M | 4.9M | 5.1M | 6.1M | 4.3M | |
Total Liab | 16.6M | 19.9M | 21.7M | 20.5M | 20.3M | 18.3M | |
Total Current Assets | 13.5M | 18.8M | 22.6M | 23.4M | 30.1M | 15.3M | |
Accumulated Other Comprehensive Income | 3.4M | 4.2M | 5.0M | 2.7M | 2.7M | 2.6M | |
Short Term Debt | 7.0M | 1.4M | 1.6M | 1.5M | 789K | 749.6K | |
Non Currrent Assets Other | 60K | 64K | 292K | 261K | 931K | 977.6K | |
Other Current Assets | 530K | 619K | 586K | 786K | 547K | 472.1K | |
Property Plant And Equipment Gross | 9.3M | 16.2M | 16.3M | 15.4M | 54.6M | 57.3M | |
Other Liab | 313K | 422K | 344K | 280K | 252K | 349.8K | |
Long Term Debt | 387K | 1.5M | 3.9M | 2.8M | 2.5M | 1.8M | |
Property Plant Equipment | 9.3M | 16.2M | 16.3M | 14.8M | 17.1M | 11.1M | |
Current Deferred Revenue | 2.9M | 2.9M | 3.4M | 3.2M | 3.7M | 2.8M | |
Other Assets | 60K | 126K | 3.9M | 2.8M | 3.2M | 3.3M | |
Net Tangible Assets | 6.3M | 15.3M | 21.1M | 21.0M | 24.2M | 25.4M | |
Short Long Term Debt | 5.6M | 676K | 708K | 702K | 631.8K | 600.2K | |
Net Invested Capital | 12.2M | 17.4M | 25.7M | 24.5M | 26.9M | 20.4M | |
Net Working Capital | (1.2M) | 9.1M | 13.3M | 12.9M | 16.1M | 16.9M |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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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.
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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.