BEL FUSE INC-CL A (BELFA) Stock Fundamental Analysis
NASDAQ:BELFA - Nasdaq - US0773472016 - Common Stock - Currency: USD
Overall BELFA gets a fundamental rating of 6 out of 10. We evaluated BELFA against 125 industry peers in the Electronic Equipment, Instruments & Components industry. BELFA has an excellent profitability rating, but there are some minor concerns on its financial health. BELFA may be a bit undervalued, certainly considering the very reasonable score on growth This makes BELFA very considerable for value investing!
1. Profitability
1.1 Basic Checks
BELFA had positive earnings in the past year.
BELFA had a positive operating cash flow in the past year.
In the past 5 years BELFA has always been profitable.
Each year in the past 5 years BELFA had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.31%, BELFA is doing good in the industry, outperforming 72.00% of the companies in the same industry.
BELFA has a Return On Equity of 11.36%. This is amongst the best in the industry. BELFA outperforms 80.80% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.98%, BELFA is in the better half of the industry, outperforming 71.20% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BELFA is above the industry average of 9.29%.
The 3 year average ROIC (13.11%) for BELFA is well above the current ROIC(6.98%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 11.36% | ||
| ROIC | 6.98% |
ROA(3y)8.88%
ROA(5y)6.86%
ROE(3y)17.71%
ROE(5y)14.38%
ROIC(3y)13.11%
ROIC(5y)9.78%
1.3 Margins
Looking at the Profit Margin, with a value of 7.66%, BELFA is in the better half of the industry, outperforming 78.40% of the companies in the same industry.
In the last couple of years the Profit Margin of BELFA has grown nicely.
Looking at the Operating Margin, with a value of 12.74%, BELFA belongs to the top of the industry, outperforming 87.20% of the companies in the same industry.
In the last couple of years the Operating Margin of BELFA has grown nicely.
Looking at the Gross Margin, with a value of 37.84%, BELFA is in the better half of the industry, outperforming 68.00% of the companies in the same industry.
In the last couple of years the Gross Margin of BELFA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.74% | ||
| PM (TTM) | 7.66% | ||
| GM | 37.84% |
OM growth 3Y44.92%
OM growth 5Y65.85%
PM growth 3Y18.84%
PM growth 5YN/A
GM growth 3Y15.23%
GM growth 5Y11.11%
2. Health
2.1 Basic Checks
BELFA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
BELFA has less shares outstanding than it did 1 year ago.
BELFA has more shares outstanding than it did 5 years ago.
BELFA has a worse debt/assets ratio than last year.
2.2 Solvency
BELFA has an Altman-Z score of 2.41. This is not the best score and indicates that BELFA is in the grey zone with still only limited risk for bankruptcy at the moment.
BELFA has a Altman-Z score (2.41) which is comparable to the rest of the industry.
The Debt to FCF ratio of BELFA is 4.88, which is a neutral value as it means it would take BELFA, 4.88 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.88, BELFA is in the better half of the industry, outperforming 62.40% of the companies in the same industry.
BELFA has a Debt/Equity ratio of 0.81. This is a neutral value indicating BELFA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.81, BELFA is not doing good in the industry: 84.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 4.88 | ||
| Altman-Z | 2.41 |
ROIC/WACC0.86
WACC8.07%
2.3 Liquidity
BELFA has a Current Ratio of 2.92. This indicates that BELFA is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.92, BELFA is doing good in the industry, outperforming 64.00% of the companies in the same industry.
BELFA has a Quick Ratio of 1.66. This is a normal value and indicates that BELFA is financially healthy and should not expect problems in meeting its short term obligations.
BELFA has a Quick ratio (1.66) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.92 | ||
| Quick Ratio | 1.66 |
3. Growth
3.1 Past
The earnings per share for BELFA have decreased strongly by -12.74% in the last year.
BELFA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 48.64% yearly.
Looking at the last year, BELFA shows a very negative growth in Revenue. The Revenue has decreased by -16.41% in the last year.
BELFA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.67% yearly.
EPS 1Y (TTM)-12.74%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%7.14%
Revenue 1Y (TTM)-16.41%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%18.85%
3.2 Future
The Earnings Per Share is expected to grow by 8.14% on average over the next years. This is quite good.
BELFA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.19% yearly.
EPS Next Y8.03%
EPS Next 2Y8.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year25.93%
Revenue Next 2Y15.19%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.61 indicates a reasonable valuation of BELFA.
90.40% of the companies in the same industry are more expensive than BELFA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BELFA to the average of the S&P500 Index (28.88), we can say BELFA is valued rather cheaply.
A Price/Forward Earnings ratio of 10.09 indicates a reasonable valuation of BELFA.
Based on the Price/Forward Earnings ratio, BELFA is valued cheaply inside the industry as 93.60% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.20. BELFA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.61 | ||
| Fwd PE | 10.09 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BELFA indicates a somewhat cheap valuation: BELFA is cheaper than 74.40% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BELFA indicates a rather cheap valuation: BELFA is cheaper than 85.60% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.27 | ||
| EV/EBITDA | 11.82 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of BELFA may justify a higher PE ratio.
PEG (NY)1.44
PEG (5Y)N/A
EPS Next 2Y8.14%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BELFA has a yearly dividend return of 0.37%, which is pretty low.
The stock price of BELFA dropped by -23.98% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 2.26, BELFA pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.37, BELFA pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.37% |
5.2 History
The dividend of BELFA has a limited annual growth rate of 0.04%.
BELFA has paid a dividend for at least 10 years, which is a reliable track record.
BELFA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.04%
Div Incr Years0
Div Non Decr Years21
5.3 Sustainability
8.43% of the earnings are spent on dividend by BELFA. This is a low number and sustainable payout ratio.
The dividend of BELFA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP8.43%
EPS Next 2Y8.14%
EPS Next 3YN/A
NASDAQ:BELFA (5/1/2025, 4:05:08 PM)
62.8
+1.4 (+2.28%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners51.12%
Inst Owner Change0.1%
Ins Owners24.52%
Ins Owner ChangeN/A
Market Cap795.68M
Analysts84.44
Price TargetN/A
Short Float %1.92%
Short Ratio5.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.37% |
Yearly Dividend0.27
Dividend Growth(5Y)0.04%
DP8.43%
Div Incr Years0
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)53.4%
Min EPS beat(2)16.36%
Max EPS beat(2)90.44%
EPS beat(4)4
Avg EPS beat(4)50.74%
Min EPS beat(4)16.36%
Max EPS beat(4)90.44%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)10.48%
Min Revenue beat(2)-0.8%
Max Revenue beat(2)21.75%
Revenue beat(4)2
Avg Revenue beat(4)4.74%
Min Revenue beat(4)-3.04%
Max Revenue beat(4)21.75%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)40.24%
EPS NY rev (1m)0%
EPS NY rev (3m)28.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)23.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)24.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.61 | ||
| Fwd PE | 10.09 | ||
| P/S | 1.49 | ||
| P/FCF | 13.27 | ||
| P/OCF | 10.74 | ||
| P/B | 2.21 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.82 |
EPS(TTM)5.41
EY8.61%
EPS(NY)6.22
Fwd EY9.91%
FCF(TTM)4.73
FCFY7.54%
OCF(TTM)5.85
OCFY9.31%
SpS42.21
BVpS28.46
TBVpS-6.27
PEG (NY)1.44
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 11.36% | ||
| ROCE | 8.29% | ||
| ROIC | 6.98% | ||
| ROICexc | 7.62% | ||
| ROICexgc | 18.34% | ||
| OM | 12.74% | ||
| PM (TTM) | 7.66% | ||
| GM | 37.84% | ||
| FCFM | 11.21% |
ROA(3y)8.88%
ROA(5y)6.86%
ROE(3y)17.71%
ROE(5y)14.38%
ROIC(3y)13.11%
ROIC(5y)9.78%
ROICexc(3y)15.67%
ROICexc(5y)11.77%
ROICexgc(3y)23.26%
ROICexgc(5y)17.27%
ROCE(3y)15.59%
ROCE(5y)11.63%
ROICexcg growth 3Y33.85%
ROICexcg growth 5Y56.02%
ROICexc growth 3Y10.39%
ROICexc growth 5Y40.88%
OM growth 3Y44.92%
OM growth 5Y65.85%
PM growth 3Y18.84%
PM growth 5YN/A
GM growth 3Y15.23%
GM growth 5Y11.11%
F-Score5
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 4.88 | ||
| Debt/EBITDA | 3.46 | ||
| Cap/Depr | 85.73% | ||
| Cap/Sales | 2.64% | ||
| Interest Coverage | 11.76 | ||
| Cash Conversion | 87.53% | ||
| Profit Quality | 146.38% | ||
| Current Ratio | 2.92 | ||
| Quick Ratio | 1.66 | ||
| Altman-Z | 2.41 |
F-Score5
WACC8.07%
ROIC/WACC0.86
Cap/Depr(3y)78.75%
Cap/Depr(5y)65.07%
Cap/Sales(3y)1.96%
Cap/Sales(5y)1.76%
Profit Quality(3y)112.12%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-12.74%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%7.14%
EPS Next Y8.03%
EPS Next 2Y8.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.41%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%18.85%
Revenue Next Year25.93%
Revenue Next 2Y15.19%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-23.4%
EBIT growth 3Y44.14%
EBIT growth 5Y68.62%
EBIT Next Year65.25%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-37.69%
FCF growth 3YN/A
FCF growth 5Y32.72%
OCF growth 1Y-31.64%
OCF growth 3Y151.97%
OCF growth 5Y24.81%