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Bel Fuse

Nasdaq:BELF.B
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BELF.B
Nasdaq
$309M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

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 North America, Asia, and Europe. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Bel Fuse has significant price volatility in the past 3 months.
BELF.B Share Price and Events
7 Day Returns
-2.5%
NasdaqGS:BELF.B
-2.7%
US Electronic
-1.1%
US Market
1 Year Returns
37.3%
NasdaqGS:BELF.B
3.5%
US Electronic
6.4%
US Market
BELF.B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bel Fuse (BELF.B) -2.5% 5.6% 51.2% 37.3% 79.8% 21.9%
US Electronic -2.7% -2.6% 23.1% 3.5% 56.7% 56.4%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • BELF.B outperformed the Electronic industry which returned 3.5% over the past year.
  • BELF.B outperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
BELF.B
Industry
5yr Volatility vs Market

BELF.B Value

 Is Bel Fuse undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bel Fuse to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bel Fuse.

NasdaqGS:BELF.B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BELF.B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.065 (1 + (1- 21%) (36.97%))
1.252
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.252 * 5.96%)
10.19%

Discounted Cash Flow Calculation for NasdaqGS:BELF.B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bel Fuse is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:BELF.B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.19%)
2019 0.26 Est @ -65.33% 0.24
2020 0.14 Est @ -44.91% 0.12
2021 0.10 Est @ -30.62% 0.07
2022 0.08 Est @ -20.61% 0.05
2023 0.07 Est @ -13.61% 0.04
2024 0.06 Est @ -8.71% 0.04
2025 0.06 Est @ -5.28% 0.03
2026 0.06 Est @ -2.87% 0.03
2027 0.06 Est @ -1.19% 0.02
2028 0.06 Est @ -0.02% 0.02
Present value of next 10 years cash flows $0.66
NasdaqGS:BELF.B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.06 × (1 + 2.73%) ÷ (10.19% – 2.73%)
$0.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $0.78 ÷ (1 + 10.19%)10
$0.30
NasdaqGS:BELF.B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.66 + $0.30
$0.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $0.96 / 12.26
$0.08
NasdaqGS:BELF.B Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.08
Current discount Discount to share price of $26.09
= -1 x ($26.09 - $0.08) / $0.08
-33156.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bel Fuse is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bel Fuse's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bel Fuse's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BELF.B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.71
NasdaqGS:BELF.B Share Price ** NasdaqGS (2019-03-22) in USD $26.09
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.06x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bel Fuse.

NasdaqGS:BELF.B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BELF.B Share Price ÷ EPS (both in USD)

= 26.09 ÷ 1.71

15.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bel Fuse is good value based on earnings compared to the US Electronic industry average.
  • Bel Fuse is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bel Fuse's expected growth come at a high price?
Raw Data
NasdaqGS:BELF.B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.5x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bel Fuse, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bel Fuse's assets?
Raw Data
NasdaqGS:BELF.B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $14.39
NasdaqGS:BELF.B Share Price * NasdaqGS (2019-03-22) in USD $26.09
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.01x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
NasdaqGS:BELF.B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BELF.B Share Price ÷ Book Value per Share (both in USD)

= 26.09 ÷ 14.39

1.81x

* Primary Listing of Bel Fuse.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bel Fuse is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Bel Fuse's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Bel Fuse has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BELF.B Future Performance

 How is Bel Fuse expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bel Fuse expected to grow at an attractive rate?
  • Unable to compare Bel Fuse's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bel Fuse's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Bel Fuse's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BELF.B Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BELF.B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BELF.B Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 562 1
NasdaqGS:BELF.B Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 548 10 21
2018-09-30 525 14 -4
2018-06-30 505 26 -10
2018-03-31 496 25 -14
2017-12-31 492 24 -12
2017-09-30 490 26 12
2017-06-30 493 22 17
2017-03-31 493 29 37
2016-12-31 500 39 -65
2016-09-30 517 48 -65
2016-06-30 532 58 -70
2016-03-31 546 58 -87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bel Fuse is high growth as no earnings estimate data is available.
  • Unable to determine if Bel Fuse is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BELF.B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Bel Fuse Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BELF.B Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
NasdaqGS:BELF.B Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.71
2018-09-30 -0.34
2018-06-30 -0.87
2018-03-31 -1.16
2017-12-31 -0.99
2017-09-30 1.02
2017-06-30 1.41
2017-03-31 3.06
2016-12-31 -5.44
2016-09-30 -5.49
2016-06-30 -5.90
2016-03-31 -7.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bel Fuse will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bel Fuse's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bel Fuse has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BELF.B Past Performance

  How has Bel Fuse performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bel Fuse's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bel Fuse's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Bel Fuse has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Bel Fuse has become profitable in the last year making it difficult to compare the US Electronic industry average.
Earnings and Revenue History
Bel Fuse's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bel Fuse Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BELF.B Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 548.18 20.71 83.74
2018-09-30 525.39 -4.10 76.40
2018-06-30 505.29 -10.43 78.60
2018-03-31 496.19 -13.95 81.98
2017-12-31 491.61 -11.90 82.90
2017-09-30 490.21 12.27 83.53
2017-06-30 492.63 16.95 86.89
2017-03-31 492.64 36.61 79.81
2016-12-31 500.15 -64.83 79.31
2016-09-30 516.86 -65.32 79.92
2016-06-30 532.21 -70.11 74.62
2016-03-31 546.25 -86.82 80.21
2015-12-31 567.08 19.20 77.95
2015-09-30 580.48 18.08 87.57
2015-06-30 592.66 14.42 87.66
2015-03-31 546.45 11.42 78.57
2014-12-31 487.08 8.60 64.76
2014-09-30 429.44 14.23 58.54
2014-06-30 374.27 20.35 51.43
2014-03-31 368.81 18.97 51.69
2013-12-31 349.19 15.91 50.00
2013-09-30 329.93 6.08 47.95
2013-06-30 304.82 1.19 45.18
2013-03-31 284.06 0.94 42.70
2012-12-31 286.59 2.37 41.67
2012-09-30 283.48 4.89 40.01
2012-06-30 283.33 3.41 40.43
2012-03-31 289.28 1.40 41.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bel Fuse has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bel Fuse used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Bel Fuse has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bel Fuse's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bel Fuse has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BELF.B Health

 How is Bel Fuse's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bel Fuse's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bel Fuse is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bel Fuse's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bel Fuse's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bel Fuse Company Filings, last reported 2 months ago.

NasdaqGS:BELF.B Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 176.47 114.21 53.91
2018-09-30 173.31 114.84 54.30
2018-06-30 163.30 115.46 55.73
2018-03-31 164.18 122.03 66.85
2017-12-31 157.96 122.69 69.35
2017-09-30 178.10 121.03 62.11
2017-06-30 169.62 130.52 58.66
2017-03-31 160.83 142.98 72.28
2016-12-31 158.43 141.25 73.41
2016-09-30 162.00 146.72 67.02
2016-06-30 152.54 156.50 67.47
2016-03-31 133.82 161.91 69.05
2015-12-31 233.12 183.55 85.04
2015-09-30 232.16 197.72 76.29
2015-06-30 228.76 206.25 71.41
2015-03-31 219.99 220.94 78.63
2014-12-31 224.27 232.63 77.14
2014-09-30 229.29 235.48 83.14
2014-06-30 234.58 145.48 87.77
2014-03-31 231.20 4.69 53.91
2013-12-31 228.70 12.00 62.12
2013-09-30 221.34 12.53 46.92
2013-06-30 212.03 0.35 38.60
2013-03-31 209.80 0.12 53.31
2012-12-31 215.36 0.21 71.26
2012-09-30 223.22 0.17 74.77
2012-06-30 222.56 0.00 87.36
2012-03-31 222.08 0.00 91.93
  • Bel Fuse's level of debt (64.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.2% vs 64.7% today).
  • Debt is not well covered by operating cash flow (8.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
X
Financial health checks
We assess Bel Fuse's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bel Fuse has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BELF.B Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.07%
Current annual income from Bel Fuse dividends.
If you bought $2,000 of Bel Fuse shares you are expected to receive $21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bel Fuse's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Bel Fuse's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment

Purchase Bel Fuse on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BELF.B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BELF.B Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
NasdaqGS:BELF.B Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-04 0.280 1.090
2018-11-12 0.280 1.320
2018-08-10 0.280 1.099
2018-05-16 0.280 1.301
2018-03-06 0.280 1.425
2017-11-13 0.280 1.231
2017-08-15 0.280 0.984
2017-05-16 0.280 1.108
2017-03-01 0.280 1.175
2016-11-03 0.280 0.928
2016-08-02 0.280 1.216
2016-05-11 0.280 1.533
2016-02-26 0.280 1.845
2015-11-03 0.280 1.703
2015-08-06 0.280 1.435
2015-05-26 0.280 1.302
2015-02-24 0.280 1.425
2014-12-08 0.280 1.135
2014-08-05 0.280 1.114
2014-06-03 0.280 1.141
2014-02-27 0.280 1.292
2013-11-05 0.280 1.356
2013-08-06 0.280 1.573
2013-05-23 0.280 1.914
2013-02-21 0.280 1.787
2012-11-01 0.280 1.613
2012-10-04 0.280 1.654
2012-05-18 0.280 1.558
2012-02-14 0.280 1.591
2011-11-03 0.280 1.484
2011-08-02 0.280 1.657
2011-05-25 0.280 1.383
2011-02-16 0.280 1.377
2010-11-16 0.280 1.199
2010-10-15 0.280 1.239
2010-06-02 0.280 1.454
2010-02-19 0.280 1.281
2009-11-04 0.280 1.445
2009-08-04 0.280 1.536
2009-05-18 0.280 1.769
2009-03-25 0.280 1.882

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Bel Fuse's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bel Fuse's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bel Fuse afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bel Fuse has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BELF.B Management

 What is the CEO of Bel Fuse's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Bernstein
COMPENSATION $837,610
AGE 64
TENURE AS CEO 17.8 years
CEO Bio

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 Bel Fuse Inc. since 1991. He served as a Vice President and Treasurer of Bel Fuse Inc. until June 1992. He served as Vice President of Operations and Director of Sales for the Fuse Division at Bel Fuse Inc. He serves as a Director of Shireoaks Worksop Holdings Ltd. He has been a Director of Bel Fuse Inc. since 1986. Mr. Bernstein holds an MBA from Baruch College.

CEO Compensation
  • Daniel's compensation has been consistent with company performance over the past year.
  • Daniel's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Bel Fuse management team in years:

11.4
Average Tenure
61
Average Age
  • The average tenure for the Bel Fuse management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Daniel Bernstein

TITLE
President
COMPENSATION
$838K
AGE
64
TENURE
17.8 yrs

Craig Brosious

TITLE
VP of Finance
COMPENSATION
$426K
AGE
61
TENURE
1.8 yrs

Dennis Ackerman

TITLE
President of Bel Power Solutions & VP of Operations
COMPENSATION
$579K
AGE
55
TENURE
18.2 yrs

Pete Bittner

TITLE
President of Bel Connectivity Solutions
COMPENSATION
$424K
AGE
48
TENURE
3.8 yrs

Raymond Cheung

TITLE
Vice President of Asia Operations
COMPENSATION
$518K
AGE
61
TENURE
11.4 yrs
Board of Directors Tenure

Average tenure and age of the Bel Fuse board of directors in years:

11.2
Average Tenure
68
Average Age
  • The average tenure for the Bel Fuse board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peter Gilbert

TITLE
Independent Lead Director
COMPENSATION
$46K
AGE
70

Daniel Bernstein

TITLE
President
COMPENSATION
$838K
AGE
64
TENURE
33.2 yrs

Robert Simandl

TITLE
Director
COMPENSATION
$40K
AGE
89
TENURE
52.2 yrs

John Tweedy

TITLE
Director
COMPENSATION
$47K
AGE
72
TENURE
23.2 yrs

Avi Eden

TITLE
Director
COMPENSATION
$32K
AGE
70
TENURE
14.8 yrs

Mark Segall

TITLE
Director
COMPENSATION
$46K
AGE
56
TENURE
7.6 yrs

Norman Yeung

TITLE
Director
COMPENSATION
$31K
AGE
64
TENURE
5.7 yrs

Eric Nowling

TITLE
Director
COMPENSATION
$40K
AGE
61
TENURE
4.7 yrs

Vinnie Vellucci

TITLE
Director
COMPENSATION
$36K
AGE
68
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Nov 18 Sell Craig Brosious Individual 09. Nov 18 09. Nov 18 -1,600 $25.00 $-40,000
09. Nov 18 Sell Daniel Bernstein Individual 07. Nov 18 07. Nov 18 -3,000 $24.83 $-74,500
08. Nov 18 Sell Dennis Ackerman Individual 06. Nov 18 07. Nov 18 -2,500 $25.74 $-63,595
X
Management checks
We assess Bel Fuse's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bel Fuse has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BELF.B News

Simply Wall St News

With A Return On Equity Of 12%, Has Bel Fuse Inc.'s (NASDAQ:BELF.B) Management Done Well?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.12. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Did Bel Fuse Inc.'s (NASDAQ:BELF.B) CEO Take Home Last Year?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Daniel Bernstein's Compensation Compare With Similar Sized Companies. … has a market cap of US$297m, and is paying total annual CEO compensation of US$838k.

Simply Wall St -

How Much Are Bel Fuse Inc. (NASDAQ:BELF.B) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Bel Fuse Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at around the current price of US$24.72

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Bel Fuse Inc. (NASDAQ:BELF.B)?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Do Institutions Own Bel Fuse Inc. (NASDAQ:BELF.B) Shares?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Bel Fuse is a smaller company with a market capitalization of US$220m, so it may still be flying under the radar of many institutional investors. … institutions own shares in the company

Simply Wall St -

Shareholders Should Look Hard At Bel Fuse Inc.’s (NASDAQ:BELF.B) 7.1% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Bel Fuse Inc's (NASDAQ:BELF.B) CEO Pay Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Daniel Bernstein's Compensation Compare With Similar Sized Companies. … According to our data, Bel Fuse Inc has a market capitalization of US$277m, and pays its CEO total annual compensation worth US$838k.

Simply Wall St -

Does Bel Fuse Inc (NASDAQ:BELF.B) Have A Place In Your Dividend Stock Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Bel Fuse Inc (NASDAQ:BELF.B) has been paying a dividend to shareholders. … 5 questions I ask before picking a dividend stock

Simply Wall St -

Bel Fuse Inc (NASDAQ:BELF.B): Risks You Need To Consider Before Buying

If you're interested in Bel Fuse Inc (NASDAQ:BELF.B), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Bel Fuse Inc (NASDAQ:BELF.B): The Return Story

and want to better understand how you can grow your money by investing in Bel Fuse Inc (NASDAQ:BELF.B). … As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … Thus, to understand how your money can grow by investing in Bel Fuse, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

BELF.B Company Info

Description

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 North America, Asia, and Europe. 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 products; industrial power products; module products; and circuit protection products. In addition, it offers expanded beam fiber optic connectors, cable assemblies, and active optical devices; copper-based connectors/cable assemblies; radio frequency connectors, cable assemblies, microwave devices, and low loss cables; and RJ connectors and cable assemblies. The company sells its products under the Bel, TRP Connector, MagJack, Signal, Bel Power Solutions, Melcher, Stratos, Fibreco, Cinch, Johnson, Trompeter, Midwest Microwave, Semflex, and Stewart Connector brands through direct strategic account managers, regional sales managers working with independent sales representative organizations, and authorized distributors. Bel Fuse Inc. was founded in 1949 and is headquartered in Jersey City, New Jersey.

Details
Name: Bel Fuse Inc.
BELF.B
Exchange: NasdaqGS
Founded: 1949
$308,917,390
12,264,764
Website: http://www.belfuse.com
Address: Bel Fuse Inc.
206 Van Vorst Street,
Jersey City,
New Jersey, 07302,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BELF.B Class B Common Shares Nasdaq Global Select US USD 10. Jul 1998
NasdaqGS BELF.A Class A Common Shares Nasdaq Global Select US USD 10. Jul 1998
Number of employees
Current staff
Staff numbers
8,098
Bel Fuse employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:33
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.