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BELF

Bel FuseNasdaqGS:BELF.A Stock Report

Market Cap

US$155.0m

7D

1.3%

1Y

24.8%

Updated

24 Oct, 2021

Data

Company Financials +
BELF.A fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends2/6

BELF.A Overview

Bel Fuse Inc. designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.

Bel Fuse Competitors

Vishay Intertechnology

NYSE:VSH

US$2.8b

Infineon Technologies

XTRA:IFX

€50.2b

TE Connectivity

NYSE:TEL

US$48.4b

Murata Manufacturing

TSE:6981

JP¥5.4t

Price History & Performance

Summary of all time highs, changes and price drops for Bel Fuse
Historical stock prices
Current Share PriceUS$13.72
52 Week HighUS$10.11
52 Week LowUS$22.00
Beta1.97
1 Month Change-2.42%
3 Month Change-3.99%
1 Year Change24.84%
3 Year Change-28.36%
5 Year Change-24.91%
Change since IPO232.59%

Recent News & Updates

Aug 04
Is Now An Opportune Moment To Examine Bel Fuse Inc. (NASDAQ:BELF.A)?

Is Now An Opportune Moment To Examine Bel Fuse Inc. (NASDAQ:BELF.A)?

Bel Fuse Inc. ( NASDAQ:BELF.A ), is not the largest company out there, but it saw a decent share price growth in the...

Shareholder Returns

BELF.AUS ElectronicUS Market
7D1.3%1.6%1.7%
1Y24.8%33.6%30.3%

Return vs Industry: BELF.A underperformed the US Electronic industry which returned 33.6% over the past year.

Return vs Market: BELF.A underperformed the US Market which returned 30.3% over the past year.

Price Volatility

Is BELF.A's price volatile compared to industry and market?
BELF.A volatility
BELF.A Beta1.97
Industry Beta1.33
Market Beta1

Stable Share Price: BELF.A is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BELF.A's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19496,400Daniel Bernsteinhttps://www.belfuse.com

Bel Fuse Inc. designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components. The company also provides power solutions and protection products comprising front-end power supplies; board-mount power; industrial power; external power; module; and circuit protection products.

Bel Fuse Fundamentals Summary

How do Bel Fuse's earnings and revenue compare to its market cap?
BELF.A fundamental statistics
Market CapUS$155.03m
Earnings (TTM)US$22.11m
Revenue (TTM)US$490.01m

7.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BELF.A income statement (TTM)
RevenueUS$490.01m
Cost of RevenueUS$364.98m
Gross ProfitUS$125.03m
ExpensesUS$102.92m
EarningsUS$22.11m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 29, 2021

Earnings per share (EPS)1.78
Gross Margin25.52%
Net Profit Margin4.51%
Debt/Equity Ratio57.4%

How did BELF.A perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

16%

Payout Ratio

Valuation

Is Bel Fuse undervalued compared to its fair value and its price relative to the market?

7.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BELF.A ($13.72) is trading above our estimate of fair value ($12.42)

Significantly Below Fair Value: BELF.A is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BELF.A is good value based on its PE Ratio (7.7x) compared to the US Electronic industry average (20.5x).

PE vs Market: BELF.A is good value based on its PE Ratio (7.7x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: BELF.A's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BELF.A is good value based on its PB Ratio (0.9x) compared to the US Electronic industry average (2.7x).


Future Growth

How is Bel Fuse forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-23.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BELF.A's earnings are forecast to decline over the next 3 years (-23.1% per year).

Earnings vs Market: BELF.A's earnings are forecast to decline over the next 3 years (-23.1% per year).

High Growth Earnings: BELF.A's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BELF.A's revenue (7% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: BELF.A's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BELF.A's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Bel Fuse performed over the past 5 years?

45.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BELF.A has high quality earnings.

Growing Profit Margin: BELF.A became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BELF.A has become profitable over the past 5 years, growing earnings by 45.3% per year.

Accelerating Growth: BELF.A has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BELF.A has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (44.3%).


Return on Equity

High ROE: BELF.A's Return on Equity (11.2%) is considered low.


Financial Health

How is Bel Fuse's financial position?


Financial Position Analysis

Short Term Liabilities: BELF.A's short term assets ($299.4M) exceed its short term liabilities ($105.1M).

Long Term Liabilities: BELF.A's short term assets ($299.4M) exceed its long term liabilities ($172.2M).


Debt to Equity History and Analysis

Debt Level: BELF.A's debt to equity ratio (57.4%) is considered high.

Reducing Debt: BELF.A's debt to equity ratio has reduced from 102.5% to 57.4% over the past 5 years.

Debt Coverage: BELF.A's debt is well covered by operating cash flow (24.2%).

Interest Coverage: BELF.A's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Dividend

What is Bel Fuse current dividend yield, its reliability and sustainability?

1.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BELF.A's dividend (1.75%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: BELF.A's dividend (1.75%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: BELF.A's dividend payments have been volatile in the past 10 years.

Growing Dividend: BELF.A's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.7%), BELF.A's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Daniel Bernstein (67 yo)

20.42yrs

Tenure

US$654,796

Compensation

Mr. Daniel Bernstein has been the Chief Executive Officer and President of Bel Fuse Inc. since May 2001 and June 1992 respectively. Mr. Bernstein has been the Managing Director of Macau, a subsidiary of Be...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD654.80K) is below average for companies of similar size in the US market ($USD1.08M).

Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BELF.A's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: BELF.A's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BELF.A insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bel Fuse Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bel Fuse Inc.
  • Ticker: BELF.A
  • Exchange: NasdaqGS
  • Founded: 1949
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$155.027m
  • Shares outstanding: 12.41m
  • Website: https://www.belfuse.com

Number of Employees


Location

  • Bel Fuse Inc.
  • 206 Van Vorst Street
  • Jersey City
  • New Jersey
  • 7302
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 22:06
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.