Board Change • 18h
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Holly Paeper was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • May 28
Insider exercised options and sold US$2.3m worth of stock On the 20th of May, Maggie Chu exercised 11k options at a strike price of around US$230 and sold these shares for an average price of US$431 per share. This trade did not impact their existing holding. Since June 2025, Maggie's direct individual holding has increased from 990.00 shares to 6.00k. Company insiders have collectively sold US$16m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • May 11
First quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 21st May 2026 Payment date: 4th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.4%. Live News • May 09
Littelfuse Exceeds Q1 Expectations With Basler Acquisition and Data Center Growth Littelfuse reported Q1 2026 sales of about US$657m, with adjusted EPS of US$3.31, ahead of consensus estimates.
The Basler acquisition contributed to 18.5% total sales growth and strengthened Littelfuse’s position in high-power applications tied to data centers and U.S. grid infrastructure.
The company expanded operating margin to 15.4% from 12.7% and declared a US$0.75 per share cash dividend payable on June 4, 2026.
For you as an investor, the latest quarter shows Littelfuse leaning further into higher-power, electrification-related opportunities such as high-voltage data centers and grid modernization. Management reports 9% organic growth on top of the Basler contribution, with demand spread across Electronics, Transportation and Industrial. The margin increase to 15.4% points to cost discipline and a sharper focus on higher-return product platforms, while the decision to exit the marine business indicates a tighter portfolio.
The company is also signaling confidence with ongoing M&A capacity, a maintained dividend, and reference to a strong backlog. Management has highlighted a major U.S. utility win expected in 2027 and plans to share more details at the May 14 Investor Day. For investors who follow Littelfuse, that event is likely to be important for understanding how data centers, grid projects and future acquisitions could shape the business mix and capital allocation priorities. Reported Earnings • May 06
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$3.00 (up from US$1.76 in 1Q 2025). Revenue: US$657.0m (up 19% from 1Q 2025). Net income: US$75.1m (up 73% from 1Q 2025). Profit margin: 11% (up from 7.9% in 1Q 2025). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.4%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • May 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to US$425. The fair value is estimated to be US$351, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • May 04
Price target increased by 11% to US$408 Up from US$367, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$407. Stock is up 108% over the past year. The company is forecast to post earnings per share of US$12.55 next year compared to a net loss per share of US$2.89 last year. Announcement • Apr 23
Littelfuse, Inc. Appoints Anne-Marie D’Angelo as Chief Legal Officer and Corporate Secretary, Effective May 1, 2026 Littelfuse, Inc. announced that Anne-Marie D’Angelo will join the company as Chief Legal Officer and Corporate Secretary, effective May 1, 2026. Ms. D’Angelo brings over two decades of legal and executive experience across diverse, highly regulated industries. Most recently, she served as Executive Vice President and General Counsel at Hilton Worldwide Holdings, Inc., where she led a global team of legal and compliance professionals and served as a trusted advisor to the Board of Directors. Prior to Hilton, Ms. D’Angelo held senior leadership roles including Chief Legal and Government Affairs Officer at Molson Coors Beverage Company and Executive Vice President and General Counsel at NiSource. She also served as General Counsel and Corporate Secretary for Global Brass and Copper Holdings, Inc., and spent over a decade in various legal leadership positions at McDonald’s Corporation. D’Angelo holds a Juris Doctor from the University of Notre Dame Law School and a Bachelor of Arts from the College of the Holy Cross. Announcement • Apr 15
Littelfuse, Inc. to Report Q1, 2026 Results on May 06, 2026 Littelfuse, Inc. announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 Price Target Changed • Apr 10
Price target increased by 10% to US$380 Up from US$344, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$383. Stock is up 146% over the past year. The company is forecast to post earnings per share of US$12.22 next year compared to a net loss per share of US$2.89 last year. Announcement • Mar 13
Littelfuse, Inc., Annual General Meeting, Apr 22, 2026 Littelfuse, Inc., Annual General Meeting, Apr 22, 2026. Announcement • Mar 06
Littelfuse, Inc. Appoints Holly B. Paeper to Board of Directors and Technology Committee, Effective March 4, 2026 Littelfuse, Inc. announced the appointment of Holly B. Paeper to the company’s board of directors, effective March 4, 2026. Paeper was also appointed to the Technology Committee. Holly Paeper is the President, Commercial HVAC Americas, for Trane Technologies, a global climate innovator that delivers sustainable and efficient solutions for buildings, homes, and transportation. As President, Holly leads a thermal management, building technologies and energy services business, delivering innovative solutions for commercial, industrial, and data center customers. She previously served as President of the global Life Science Solutions business from 2021 to 2024 and held Vice President and General Manager roles within the Commercial HVAC business from 2016 to 2021. Prior to joining Trane Technologies, Paeper held executive leadership roles in general management, M&A, strategy, product management, and marketing at Corning, Eaton, and Intel. She currently serves on the board of directors of Mitsubishi Trane HVAC US (METUS) and previously served on the board of directors of LiquidStack from 2023 to 2025. Paeper holds a Bachelor of Science in Electrical Engineering from the University of Minnesota – Institute of Technology and a Master of Business Administration from the University of Minnesota – Carlson School of Management. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 19 February 2026. Payment date: 05 March 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.8%. Lower than top quartile of American dividend payers (4.2%). In line with average of industry peers (0.9%). Recent Insider Transactions • Feb 12
Independent Director recently sold US$1.7m worth of stock On the 10th of February, Anthony Grillo sold around 5k shares on-market at roughly US$346 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.9m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Feb 03
Senior VP & GM of Electronics Business notifies of intention to sell stock Deepak Nayar intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of February. If the sale is conducted around the recent share price of US$322, it would amount to US$2.9m. Deepak now holds 6.01k shares directly in their own name. Company insiders have collectively sold US$216k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Jan 30
Fourth quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 19th February 2026 Payment date: 5th March 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (20% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Price Target Changed • Jan 29
Price target increased by 14% to US$344 Up from US$303, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of US$327. Stock is up 34% over the past year. The company is forecast to post earnings per share of US$12.38 next year compared to a net loss per share of US$2.89 last year. Reported Earnings • Jan 28
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: US$2.89 loss per share (down from US$4.04 profit in FY 2024). Revenue: US$2.39b (up 8.9% from FY 2024). Net loss: US$71.7m (down 172% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jan 28
Littelfuse, Inc. Provides Earnings Guidance for the First Quarter of 2026 Littelfuse, Inc. provided earnings guidance for the first quarter of 2026. For the quarter, the company reported Net sales in the range of $625 million - $645 million. Announcement • Jan 15
Littelfuse, Inc. to Report Q4, 2025 Results on Jan 28, 2026 Littelfuse, Inc. announced that they will report Q4, 2025 results Pre-Market on Jan 28, 2026 Announcement • Jan 09
Littelfuse, Inc. Announces Separation of Employment of Ryan K. Stafford as Executive Vice President, Mergers & Acquisitions, Chief Legal Officer and Corporate Secretary, Effective April 30, 2026 On January 7, 2026, Littelfuse, Inc. and Ryan K. Stafford, Executive Vice President, Mergers & Acquisitions, Chief Legal Officer and Corporate Secretary of the Company, agreed to Mr. Stafford’s separation from employment with the Company, effective April 30, 2026. Recent Insider Transactions • Dec 16
Executive VP recently sold US$580k worth of stock On the 11th of December, Ryan Stafford sold around 2k shares on-market at roughly US$268 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$2.0m more than they sold in the last 12 months. Announcement • Dec 13
Littelfuse, Inc. (NasdaqGS:LFUS) completed the acquisition of Basler Electric Company Inc. from a family. Littelfuse, Inc. (NasdaqGS:LFUS) entered into membership interest purchase agreement to acquire Basler Electric Company Inc. from a family for transaction valued at approximately $350 million on October 24, 2025. When adjusted for the present value of expected tax benefits of approximately $30 million, the net transaction value is approximately $320 million. The all-cash consideration of $353.2 million shall be subject to certain adjustments after closing.
The transaction is subject to the satisfaction of customary closing conditions, including approval by regulatory board / committee. The expected completion of the transaction is by the end of fourth quarter of 2025. Adjusting for the present value of expected tax benefits of approximately $30 million, the transaction represents approximately 13.5x Basler’s forecasted full year 2025 adjusted EBITDA. Littelfuse expects the acquisition to be accretive to adjusted diluted EPS in 2026.
King & Spalding LLP acted as legal advisor for Basler Electric Company Inc. Preti, Flaherty, Beliveau, Pachios & Haley LLC acted as legal advisor for Littelfuse, Inc. Barclays Capital Inc. acted as financial advisor for Littelfuse, Inc.
Littelfuse, Inc. (NasdaqGS:LFUS) completed the acquisition of Basler Electric Company Inc. from a family on December 11, 2025. Recent Insider Transactions Derivative • Nov 28
Senior VP & GM of Electronics Business notifies of intention to sell stock Deepak Nayar intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of November. If the sale is conducted around the recent share price of US$255, it would amount to US$596k. Company insiders have collectively bought US$715k more than they sold, via options and on-market transactions, in the last 12 months. Buy Or Sell Opportunity • Nov 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to US$235. The fair value is estimated to be US$295, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has declined by 44%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Upcoming Dividend • Nov 14
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 20 November 2025. Payment date: 04 December 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (1.0%). Reported Earnings • Oct 30
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$2.80 (up from US$2.34 in 3Q 2024). Revenue: US$624.6m (up 10% from 3Q 2024). Net income: US$69.5m (up 20% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Oct 15
Littelfuse, Inc. to Report Q3, 2025 Results on Oct 29, 2025 Littelfuse, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025 Recent Insider Transactions • Aug 28
Insider recently sold US$921k worth of stock On the 25th of August, Alexander Conrad sold around 4k shares on-market at roughly US$262 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$2.1m more than they sold in the last 12 months. Recent Insider Transactions Derivative • Aug 12
Independent Director notifies of intention to sell stock Tzau-Jin Chung intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of August. If the sale is conducted around the recent share price of US$246, it would amount to US$576k. Since September 2024, Tzau-Jin's direct individual holding has increased from 17.64k shares to 18.73k. Company insiders have collectively bought US$2.5m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Aug 07
Littelfuse, Inc. Appoints Karim Hamed as Senior Vice President and General Manager, Semiconductor Business, Effective August 11, 2025 Littelfuse, Inc. announced the appointment of Dr. Karim Hamed as Senior Vice President and General Manager, Semiconductor Business, within the Company’s Electronics Segment effective August 11, 2025. Dr. Hamed brings more than two decades of global leadership experience in the semiconductor industry. Most recently he was at Analog Devices where he served as Corporate Vice President, Industrial and Healthcare Business Group. Previously, he served as Vice President, Industrial Instrumentation Business Unit, and General Manager, Microwave Communications Group. Dr. Hamed also served in various leadership and technical roles at Hittite Microwave Corporation, TriQuint Semiconductor, and Mimix Broadband. Dr Hamed received a PhD in Electrical & Computer Engineering from Queen’s University in Canada. Declared Dividend • Aug 03
Second quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 21st August 2025 Payment date: 4th September 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock has risen 30% to US$251. The fair value is estimated to be US$315, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Earnings per share has declined by 41%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Reported Earnings • Jul 31
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$2.32 (up from US$1.83 in 2Q 2024). Revenue: US$613.4m (up 9.8% from 2Q 2024). Net income: US$57.3m (up 26% from 2Q 2024). Profit margin: 9.3% (up from 8.1% in 2Q 2024). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 16
Littelfuse, Inc. to Report Q2, 2025 Results on Jul 30, 2025 Littelfuse, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Announcement • Jul 02
Raymarine Holdings Limited acquired Maretron LLC from Littelfuse, Inc. (NasdaqGS:LFUS). Raymarine Holdings Limited acquired Maretron LLC from Littelfuse, Inc. (NasdaqGS:LFUS) on July 1, 2025.
Raymarine Holdings Limited completed the acquisition of Maretron LLC from Littelfuse, Inc. (NasdaqGS:LFUS) on July 1, 2025. Announcement • Apr 15
Littelfuse, Inc. to Report Q1, 2025 Results on Apr 29, 2025 Littelfuse, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2025 Announcement • Apr 10
Littelfuse, Inc. Announces Meenal Sethna Steps Down as Chief Financial Officer, Effective September 1, 2025 Littelfuse, Inc. announced that Meenal Sethna, Executive Vice President and Chief Financial Officer, will step down from her role after ten years of leadership. She will remain with the company through September 1, 2025, to ensure a smooth transition. This leadership change is not the result of any matters relating to the Company’s financials, operations, policies or practices. Littelfuse has commenced a formal search to identify the Company’s next CFO. Announcement • Apr 09
Littelfuse, Inc. Announces Step Down of Meenal Sethna as Executive Vice President, Effective September 1, 2025 Littelfuse, Inc. announced that Meenal Sethna, executive vice president, will step down from her role after ten years of leadership. She will remain with the company through September 1, 2025, to ensure a smooth transition. Announcement • Mar 17
Littelfuse, Inc., Annual General Meeting, Apr 24, 2025 Littelfuse, Inc., Annual General Meeting, Apr 24, 2025. Announcement • Mar 01
Littelfuse, Inc. announced delayed annual 10-K filing On 02/27/2025, Littelfuse, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Upcoming Dividend • Feb 15
Upcoming dividend of US$0.70 per share Eligible shareholders must have bought the stock before 20 February 2025. Payment date: 06 March 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.3%). Recent Insider Transactions • Feb 09
Independent Director recently bought US$4.1m worth of stock On the 6th of February, Anthony Grillo bought around 18k shares on-market at roughly US$234 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$2.2m more in shares than they have sold in the last 12 months. Declared Dividend • Jan 31
Fourth quarter dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 20th February 2025 Payment date: 6th March 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jan 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin). Reported Earnings • Jan 29
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$4.55 (down from US$10.44 in FY 2023). Revenue: US$2.19b (down 7.3% from FY 2023). Net income: US$113.0m (down 56% from FY 2023). Profit margin: 5.2% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jan 29
Littelfuse, Inc. Announces Cash Dividend, Payable on March 6, 2025 Littelfuse, Inc. will pay cash dividend on its common stock of $0.70 per share on March 6, 2025, to shareholders of record as of February 20, 2025. Announcement • Dec 30
Littelfuse, Inc. completed the acquisition of Elmos wafer fabrication from Elmos Semiconductor SE. Littelfuse, Inc. entered into an agreement to acquire Elmos wafer fabrication from Elmos Semiconductor SE for €93 million on June 28, 2023. Under the agreement, Littelfuse will acquire the Dortmund wafer fab with a highly skilled technology team of approximately 225 employees. All other activities, including testing operations, will remain with Elmos. Following regulatory approvals of the transaction, the consideration will be paid initially €37 million and the remaining will be paid after closing. The transaction is subject to certain closing conditions and regulatory approvals, among them the investment control procedure under foreign trade law conducted by the German Federal Ministry for Economic Affairs and Climate Action. The closing of the transaction is expected to be effective December 31, 2024. As of August 8, 2023, The German Federal Ministry for Economic Affairs and Climate Action has granted the approval. The antitrust clearance has granted by the German Federal Cartel Office (Bundeskartellamt) on July 27, 2023.
Hans Diekmann, Alexander Veith, Borries Ahrens, Christian Hilmes, Jens Matthes, Udo Olgemoeller, Heike Weber, Peter Wehner, Dorothée Kupiek, Daniel Bolm, Ioannis Thanos, Corvin Kieselhorst and Oliver Ahnseel of Allen & Overy advised Elmos Semiconductor on legal aspects of the transaction. Maike Holty, Matthias Berberich, Hendrik Bockenheimer, Markus Ernst, Marius Marx, Marco Mâallem, Alf-Henrik Bischke, Jan D. Bonhage, Erasmus Hoffman, Fabian Alexander Quast and Carolin Raspé of Hengeler Mueller acted as legal advisor of Littelfuse.
Littelfuse, Inc. completed the acquisition of Elmos wafer fabrication from Elmos Semiconductor SE on December 30, 2024. Upcoming Dividend • Nov 15
Upcoming dividend of US$0.70 per share Eligible shareholders must have bought the stock before 21 November 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • Nov 11
Now 20% undervalued Over the last 90 days, the stock has risen 1.6% to US$257. The fair value is estimated to be US$321, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Declared Dividend • Nov 01
Third quarter dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 21st November 2024 Payment date: 5th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$2.34 (up from US$2.32 in 3Q 2023). Revenue: US$567.4m (down 6.5% from 3Q 2023). Net income: US$58.1m (flat on 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Oct 30
Littelfuse, Inc. Declares Cash Dividend, Payable on December 5, 2024 Littelfuse, Inc. declared cash dividend on its common stock of $0.70 per share on December 5, 2024, to shareholders of record as of November 21, 2024. Announcement • Oct 25
Littelfuse, Inc Launches RCMP20 Residual Current Monitor Series for Mode 2 and Mode 3 Charging Stations Littelfuse, Inc. announced the RCMP20 Residual Current Monitor Series for Mode 2 and Mode 3 EV charging stations. The RCMP20 Series sets a new standard in electric vehicle (EV) charging safety, offering superior performance and flexibility in a compact design while supporting higher charging currents than other solutions on the market. Featuring the largest current transformer (CT) aperture in the industry, this new line of products expands the Littelfuse EV infrastructure portfolio and enhances electrical safety in EV charging applications. The RCMP20 Residual Current Monitor Series incorporates the following key features and benefits: Largest Current Transformer Aperture: The RCMP20 Series offers the largest current transformer (CT) aperture available, supporting higher AC charging currents, which is critical for modern EV chargers that demand high-performance capabilities. Enhanced Thermal Performance: Integrated conductors with higher cross-sectional areas provide better thermal management, reducing printed circuit board (PCB) temperature rise and allowing for a more compact design without compromising performance. High EMI Resilience: The modules are designed to resist electromagnetic interference (EMI), minimizing false circuit trips and improving overall charging station reliability. Flexible Mounting Options: With vertical and horizontal mounting options and 2 to 4 integrated conductors, the RCMP20 Series allows design engineers to optimize space utilization and adapt to various charger configurations. Compact Design with PCB Integration: The reduced footprint within the EV chargers allows for smaller, more compact designs, while still meeting safety code requirements. The integrated PCB with optional conductors streamlines installation, reduces component count, and simplifies assembly. The RCMP20 Series is ideal for the following applications: EV Infrastructure: As electric vehicle adoption grows, robust EV infrastructure is critical. The RCMP20 Series ensures safe, efficient, and reliable charging station operation. IEC Mode 2 and Mode 3 AC Charging Stations: The RCMP20 Series covers a wide range of charging needs, offering protection for both portable chargers and high-power permanent stations. Ground Fault Detection: It continuously monitors for AC and DC ground fault currents, ensuring compliance with electrical safety standards and preventing shock risks. Mode 2 and Mode 3 EV charging stations differ mainly in how they handle fault currents, particularly AC and DC currents, and the level of protection they provide against electrical hazards. Mode 2 charging stations are typically used with earlier portable chargers and high-powered stations. These stations may not have built-in protection against both AC and DC fault currents, which can create safety risks. The RCMP20-03 module helps enhance safety by monitoring both AC and DC residual currents. When a ground fault, leakage, or residual current exceeds the threshold, the RCMP20-03 triggers a circuit shutdown, preventing electrical hazards. It is compliant with IEC 62752 standards for Mode 2 chargers. Mode 3 charging stations are used for more permanent and higher-powered charging setups. While they often have Type A RCDs (Residual Current Devices), these devices can miss dangerous DC currents, leaving users vulnerable. The RCMP20-01 module is specifically designed to detect DC residual currents that Type A RCDs overlook. When DC fault currents exceed the threshold, it signals a trip to a connected switching device, ensuring user protection and compliance with relevant safety standards. In summary, Mode 2 systems with the RCMP20-03 monitor AC and DC faults to enhance protection for earlier or portable charging setups. In contrast, Mode 3 systems with the RCMP20-01 focus on detecting DC faults that standard RCDs miss, improving safety for permanent charging stations. RCMP20 Residual Current Monitors are available in individual boxes. Sample requests can be placed through authorized Littelfuse distributors worldwide. 
