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General information

Country: UNITED STATES

Sector: Electronic Components

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 products; industrial power products; external power products; module products; and circuit protection products. In addition, it offers connectivity solutions, which includes 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 and USB connectors, and cable assemblies. The company sells its products under the Bel, TRP Connector, MagJack, Signal, Bel Power Solutions, Melcher, CUI, 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 organiz...
Website: belfuse.com



Growth: Good revenue growth rate 23.0%, there is acceleration compared to average historical growth rates 4.8%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -29.4%

Profitability: LTM EBITDA margin is positive, +9.1%. On average the margin is improving unsteadily. Gross margin is normal, +26.7%. In the last quarter the company beat the estimated EPS, +86.3%. The company was ahead of estimated EPS in 100% of quarters (showing a gain of +$0.54 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.5%. Free cash flow yield -1.2% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 411.6% higher than minimum and 21.9% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.4x by EV / Sales multiple , the company can be 84.1% undervalued

Insiders: For the last 3 months insiders sold company shares on $0.1 mln (-0.008% of cap.)

Key Financials (Download financials)

Ticker: BELFB
Share price, USD:  (0.0%)57.91
year average price 55.27  


year start price 42.55 2023-05-01

min close price 39.38 2023-10-25

max close price 74.13 2024-02-15

current price 57.91 2024-04-29
Common stocks: 12 599 138

Dividend Yield:  0.5%
FCF Yield LTM: -1.2%
EV / LTM EBITDA: 14.6x
EV / EBITDA annualized: 10.5x
Last revenue growth (y/y):  23.0%
Last growth of EBITDA (y/y):  72.7%
Historical revenue growth:  4.8%
Historical growth of EBITDA:  ---
EV / Sales: 1.3x
Margin (EBITDA LTM / Revenue): 9.1%
Fundamental value created in LTM:
Market Cap ($m): 730
Net Debt ($m): 71
EV (Enterprise Value): 801
Price to Book: 2.1x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-25Zacks Investment Research

Bel Fuse (BELFB) Q1 Earnings Beat Estimates

2024-03-05Zacks Investment Research

Bel Fuse (BELFB) Flat As Market Sinks: What You Should Know

2024-02-21Zacks Investment Research

Bel Fuse (BELFB) Misses Q4 Earnings and Revenue Estimates

2024-02-02Zacks Investment Research

Bel Fuse (BELFB) Stock Declines While Market Improves: Some Information for Investors

2024-01-26Zacks Investment Research

Bel Fuse (BELFB) Declines More Than Market: Some Information for Investors

2024-01-12Zacks Investment Research

Bel Fuse (BELFB) Outperforms Broader Market: What You Need to Know

2024-01-02InvestorPlace

3 Stellar Stocks That Could Make You a Millionaire by 2026

2023-12-22Zacks Investment Research

Are Investors Undervaluing Bel Fuse (BELFB) Right Now?

2023-12-06Zacks Investment Research

Should Value Investors Buy Bel Fuse (BELFB) Stock?

2023-11-21Zacks Investment Research

3 Reasons Why Growth Investors Shouldn't Overlook Bel Fuse (BELFB)
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BELFB BELFB BELFB BELFB BELFB BELFB BELFB
reportedCurrency USD USD USD USD USD USD USD
cik 729 580 729 580 729 580 729 580 729 580 729 580 729 580
fillingDate 2024-04-25 2024-03-11 2023-11-03 2023-08-04 2023-05-05 2023-03-10 2022-11-04
acceptedDate 2024-04-25 16:38:03 2024-03-11 08:27:05 2023-11-03 12:49:53 2023-08-04 13:25:51 2023-05-05 12:44:13 2023-03-10 16:13:19 2022-11-04 15:14:12
calendarYear 2024.000 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1 Q4 Q3
revenue 128M 140M 159M 169M 172M 169M 178M
costOfRevenue 80M 89M 103M 113M 119M 117M 126M
grossProfit 48M 51M 55M 56M 54M 53M 52M
grossProfitRatio 0.375 0.366 0.350 0.329 0.311 0.310 0.290
researchAndDevelopmentExpenses 5M 6M 5M 6M 5M 6M 5M
generalAndAdministrativeExpenses 0 25M 0 25M 0 22M 22M
sellingAndMarketingExpenses 0 -193 000 0 0 0 3M 0
sellingGeneralAndAdministrativeExpenses 25M 25M 24M 25M 25M 25M 22M
otherExpenses 0 -3M -96 000 -270 000 81 000 0 0
operatingExpenses 30M 31M 29M 31M 31M 31M 27M
costAndExpenses 110M 120M 132M 144M 149M 148M 153M
interestIncome 1M -2M 512 000 0 0 0 0
interestExpense -434 000 448 000 512 000 908 000 983 000 968 000 944 000
depreciationAndAmortization 4M 3M 3M 3M 7M 4M 3M
ebitda 22M 24M 30M 27M 26M 22M 25M
ebitdaratio 0.169 0.169 0.187 0.163 0.154 0.128 0.140
operatingIncome 18M 20M 25M 27M 20M 18M 22M
operatingIncomeRatio 0.140 0.145 0.154 0.162 0.114 0.108 0.124
totalOtherIncomeExpensesNet 2M -7M -2M 4M -902 000 -750 000 -1M
incomeBeforeTax 20M 13M 24M 27M 19M 17M 21M
incomeBeforeTaxRatio 0.159 0.096 0.150 0.162 0.109 0.103 0.116
incomeTaxExpense 4M 1M 4M -479 000 4M 3M 4M
netIncome 16M 12M 19M 28M 15M 14M 17M
netIncomeRatio 0.124 0.086 0.123 0.165 0.085 0.083 0.093
eps 1.120 0.950 1.460 2.190 1.090 1.120 1.270
epsdiluted 1.120 0.950 1.460 2.190 1.090 1.120 1.270
weightedAverageShsOut 14M 13M 13M 13M 2M 13M 12M
weightedAverageShsOutDil 14M 13M 13M 13M 11M 13M 12M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Balance Sheet Statement

Property 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BELFB BELFB BELFB BELFB BELFB BELFB BELFB
reportedCurrency USD USD USD USD USD USD USD
cik 729 580 729 580 729 580 729 580 729 580 729 580 729 580
fillingDate 2024-04-25 2024-03-11 2023-11-03 2023-08-04 2023-05-05 2023-03-10 2022-11-04
acceptedDate 2024-04-25 16:38:03 2024-03-11 08:27:05 2023-11-03 12:49:53 2023-08-04 13:25:51 2023-05-05 12:44:13 2023-03-10 16:13:19 2022-11-04 15:14:12
calendarYear 2024.000 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 71M 89M 100M 65M 78M 70M 71M
shortTermInvestments 50M 38M 0 0 0 0 0
cashAndShortTermInvestments 121M 127M 100M 65M 78M 70M 71M
netReceivables 83M 97M 94M 107M 109M 107M 132M
inventory 130M 137M 140M 157M 166M 172M 164M
otherCurrentAssets 29M 21M 29M 25M 30M 31M 10M
totalCurrentAssets 364M 381M 363M 354M 383M 381M 377M
propertyPlantEquipmentNet 57M 57M 60M 61M 59M 58M 56M
goodwill 0 27M 25M 26M 25M 25M 24M
intangibleAssets 0 49M 51M 52M 53M 54M 55M
goodwillAndIntangibleAssets 73M 76M 76M 78M 79M 79M 79M
longTermInvestments 13M 16M 10M 11M 10M 0 0
taxAssets 0 12M 2M 2M 8M 7M 9M
otherNonCurrentAssets 47M 29M 48M 46M 36M 34M 33M
totalNonCurrentAssets 191M 190M 196M 198M 192M 179M 176M
otherAssets 0 1.000 0 0 0 0 0
totalAssets 555M 572M 559M 552M 575M 560M 554M
accountPayables 33M 40M 44M 52M 60M 65M 66M
shortTermDebt 6M 7M 6M 6M 5M 6M 6M
taxPayables 0 0 0 0 0 0 0
deferredRevenue 1.000 3M 3M 4M 7M 9M 0
otherCurrentLiabilities 48M 60M 65M 65M 57M 57M 65M
totalCurrentLiabilities 87M 111M 118M 127M 130M 136M 137M
longTermDebt 60M 60M 76M 77M 115M 111M 125M
deferredRevenueNonCurrent 0 16M -973 000 -1M 0 1M 0
deferredTaxLiabilitiesNonCurrent 0 1M 973 000 1M 1M 1M 1M
otherNonCurrentLiabilities 62M 43M 44M 44M 50M 49M 109M
totalNonCurrentLiabilities 122M 120M 120M 121M 167M 162M 181M
otherLiabilities 0 0 0 0 0 0 0
capitalLeaseObligations 16M 16M 22M 23M 20M 22M 21M
totalLiabilities 209M 231M 238M 248M 296M 298M 318M
preferredStock 0 0 0 0 0 0 0
commonStock 0 1M 1M 1M 1M 1M 1M
retainedEarnings 0 308M 296M 278M 251M 237M 224M
accumulatedOtherComprehensiveIncomeLoss 0 -12M -19M -17M -15M -17M -29M
othertotalStockholdersEquity 347M 44M 43M 42M 41M 40M 40M
totalStockholdersEquity 347M 341M 321M 304M 278M 262M 236M
totalEquity 347M 341M 321M 304M 278M 262M 236M
totalLiabilitiesAndStockholdersEquity 555M 572M 559M 552M 575M 560M 554M
minorityInterest 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 555M 572M 559M 552M 575M 560M 554M
totalInvestments 63M 54M 10M 11M 10M 0 0
totalDebt 81M 83M 82M 83M 120M 117M 131M
netDebt 10M -7M -18M 18M 42M 46M 60M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Cash Flow Statement

Property 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BELFB BELFB BELFB BELFB BELFB BELFB BELFB
reportedCurrency USD USD USD USD USD USD USD
cik 729 580 729 580 729 580 729 580 729 580 729 580 729 580
fillingDate 2024-04-25 2024-03-11 2023-11-03 2023-08-04 2023-05-05 2023-03-10 2022-11-04
acceptedDate 2024-04-25 16:38:03 2024-03-11 08:27:05 2023-11-03 12:49:53 2023-08-04 13:25:51 2023-05-05 12:44:13 2023-03-10 16:13:19 2022-11-04 15:14:12
calendarYear 2024.000 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q1 Q4 Q3 Q2 Q1 Q4 Q3
netIncome 16M 12M 19M 28M 15M 14M 17M
depreciationAndAmortization 4M 3M 3M 3M 3M 3M 3M
deferredIncomeTax -2M 1M -2M -2M -1M 519 000 -2M
stockBasedCompensation 0 774 000 861 000 949 000 902 000 710 000 585 000
changeInWorkingCapital -12M 7M 19M -177 000 -1M -3M -4M
accountsReceivables 4M 14M 12M 1M -1M -3M -5M
inventory 6M 4M 16M 6M 8M -4M -7M
accountsPayables -8M -4M -7M -7M -5M -3M -1M
otherWorkingCapital -14M -7M -2M -365 000 -3M 7M 10M
otherNonCashItems 5M 2M 242 000 -6M 697 000 1M -1M
netCashProvidedByOperatingActivities 6M 27M 41M 24M 17M 16M 13M
investmentsInPropertyPlantAndEquipment -3M -2M -3M -3M -4M -3M -2M
acquisitionsNet 150 000 633 000 -135 000 5M -10M 0 0
purchasesOfInvestments -43M -61M -2M 0 0 0 0
salesMaturitiesOfInvestments 30M 20M 2M 0 0 0 0
otherInvestingActivites -492 000 -247 000 -2M 5M 25 000 0 2M
netCashUsedForInvestingActivites -16M -42M -4M 7M -14M -3M -320 000
debtRepayment 0 -45M 0 0 0 -15M -3M
commonStockIssued 0 0 0 0 0 0 0
commonStockRepurchased -6M -105 000 0 0 0 349 000 0
dividendsPaid -837 000 -1M -832 000 -829 000 -829 000 -943 000 -824 000
otherFinancingActivites 0 85M 0 -40M 5M -349 000 0
netCashUsedProvidedByFinancingActivities -7M -1M -832 000 -41M 4M -16M -3M
effectOfForexChangesOnCash -2M 6M -311 000 -3M 279 000 2M -4M
netChangeInCash -18M -11M 35M -13M 8M -629 000 5M
cashAtEndOfPeriod 71M 89M 100M 65M 78M 70M 71M
cashAtBeginningOfPeriod 89M 100M 65M 78M 70M 71M 66M
operatingCashFlow 6M 27M 41M 24M 17M 16M 13M
capitalExpenditure -3M -2M -3M -3M -4M -3M -2M
freeCashFlow 3M 24M 38M 21M 13M 13M 11M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-02-22 ET (fiscal 2023 q4)
2023 q3
2023-10-26 ET (fiscal 2023 q3)
2023 q2
2023-07-27 ET (fiscal 2023 q2)
2023 q1
2023-04-29 ET (fiscal 2023 q1)
2022 q4
2023-02-25 ET (fiscal 2022 q4)
2022 q3
2022-10-30 ET (fiscal 2022 q3)
2022 q2
2022-07-30 ET (fiscal 2022 q2)
2022 q1
2022-05-01 ET (fiscal 2022 q1)

SEC forms

Show financial reports only

SEC form 10
2024-03-11 00:00 ET
Bel Fuse reported for 2023 q4
SEC form 10
2023-11-03 12:49 ET
Bel Fuse reported for 2023 q3
SEC form 10
2023-11-03 00:00 ET
Bel Fuse reported for 2023 q3
SEC form 10
2023-08-04 00:00 ET
Bel Fuse reported for 2023 q2
SEC form 8
2023-07-26 00:00 ET
Bel Fuse reported for 2023 q2
SEC form 10
2023-05-05 00:00 ET
Bel Fuse reported for 2023 q1
SEC form 8
2023-04-27 00:00 ET
Bel Fuse reported for 2023 q1
SEC form 10
2023-03-10 00:00 ET
Bel Fuse reported for 2022 q4
SEC form 8
2023-02-22 00:00 ET
Bel Fuse reported for 2022 q4
SEC form 10
2022-11-04 00:00 ET
Bel Fuse reported for 2022 q3
SEC form 8
2022-10-26 00:00 ET
Bel Fuse reported for 2022 q3
SEC form 10
2022-08-05 00:00 ET
Bel Fuse reported for 2022 q2
SEC form 8
2022-07-28 00:00 ET
Bel Fuse reported for 2022 q2
SEC form 10
2022-05-06 00:00 ET
Bel Fuse reported for 2022 q1
SEC form 8
2022-04-27 00:00 ET
Bel Fuse reported for 2022 q1
SEC form 10
2022-03-14 00:00 ET
Bel Fuse published news for 2021 q4
SEC form 8
2022-02-24 00:00 ET
Bel Fuse published news for 2021 q4
SEC form 10
2021-11-05 00:00 ET
Bel Fuse published news for 2021 q3
SEC form 8
2021-10-29 00:00 ET
Bel Fuse published news for 2021 q3
SEC form 10
2021-08-06 00:00 ET
Bel Fuse published news for 2021 q2
SEC form 8
2021-07-30 00:00 ET
Bel Fuse published news for 2021 q2
SEC form 10
2021-05-10 00:00 ET
Bel Fuse published news for 2021 q1
SEC form 8
2021-05-03 00:00 ET
Bel Fuse published news for 2021 q1