BEL FUSE INC-CL B (BELFB) Stock Fundamental Analysis
NASDAQ:BELFB - Nasdaq - US0773473006 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to BELFB. BELFB was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. While BELFB belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BELFB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BELFB was profitable.
In the past year BELFB had a positive cash flow from operations.
In the past 5 years BELFB has always been profitable.
Each year in the past 5 years BELFB had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.57%, BELFB is doing good in the industry, outperforming 70.40% of the companies in the same industry.
BELFB's Return On Equity of 11.40% is fine compared to the rest of the industry. BELFB outperforms 80.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.34%, BELFB is in the better half of the industry, outperforming 73.60% of the companies in the same industry.
BELFB had an Average Return On Invested Capital over the past 3 years of 13.11%. This is above the industry average of 9.35%.
The last Return On Invested Capital (7.34%) for BELFB is well below the 3 year average (13.11%), which needs to be investigated, but indicates that BELFB had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 11.4% | ||
| ROIC | 7.34% |
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
BELFB has a better Profit Margin (7.69%) than 79.20% of its industry peers.
BELFB's Profit Margin has improved in the last couple of years.
BELFB has a better Operating Margin (12.94%) than 84.80% of its industry peers.
In the last couple of years the Operating Margin of BELFB has grown nicely.
BELFB has a better Gross Margin (38.13%) than 65.60% of its industry peers.
BELFB's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.94% | ||
| PM (TTM) | 7.69% | ||
| GM | 38.13% |
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
BELFB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, BELFB has less shares outstanding
Compared to 5 years ago, BELFB has more shares outstanding
BELFB has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.88 indicates that BELFB is not a great score, but indicates only limited risk for bankruptcy at the moment.
BELFB has a Altman-Z score of 2.88. This is comparable to the rest of the industry: BELFB outperforms 45.60% of its industry peers.
BELFB has a debt to FCF ratio of 4.59. This is a neutral value as BELFB would need 4.59 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.59, BELFB is in the better half of the industry, outperforming 62.40% of the companies in the same industry.
BELFB has a Debt/Equity ratio of 0.76. This is a neutral value indicating BELFB is somewhat dependend on debt financing.
BELFB has a worse Debt to Equity ratio (0.76) than 87.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.88 |
ROIC/WACC0.89
WACC8.28%
2.3 Liquidity
BELFB has a Current Ratio of 3.31. This indicates that BELFB is financially healthy and has no problem in meeting its short term obligations.
BELFB has a Current ratio of 3.31. This is in the better half of the industry: BELFB outperforms 67.20% of its industry peers.
A Quick Ratio of 1.83 indicates that BELFB should not have too much problems paying its short term obligations.
BELFB has a Quick ratio (1.83) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.31 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
The earnings per share for BELFB have decreased strongly by -12.74% in the last year.
The Earnings Per Share has been growing by 48.64% on average over the past years. This is a very strong growth
Looking at the last year, BELFB shows a decrease in Revenue. The Revenue has decreased by -6.16% in the last year.
Measured over the past years, BELFB shows a small growth in Revenue. The Revenue has been growing by 1.67% on average per year.
EPS 1Y (TTM)-12.74%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%7.14%
Revenue 1Y (TTM)-6.16%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%18.85%
3.2 Future
BELFB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.56% yearly.
Based on estimates for the next years, BELFB will show a quite strong growth in Revenue. The Revenue will grow by 14.58% on average per year.
EPS Next Y6.99%
EPS Next 2Y9.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.67%
Revenue Next 2Y14.58%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.93 indicates a correct valuation of BELFB.
Based on the Price/Earnings ratio, BELFB is valued cheaper than 84.80% of the companies in the same industry.
BELFB is valuated rather cheaply when we compare the Price/Earnings ratio to 26.32, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 13.49 indicates a correct valuation of BELFB.
84.80% of the companies in the same industry are more expensive than BELFB, based on the Price/Forward Earnings ratio.
BELFB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 13.49 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BELFB indicates a somewhat cheap valuation: BELFB is cheaper than 67.20% of the companies listed in the same industry.
81.60% of the companies in the same industry are more expensive than BELFB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.58 | ||
| EV/EBITDA | 14.26 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BELFB does not grow enough to justify the current Price/Earnings ratio.
BELFB has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.28
PEG (5Y)N/A
EPS Next 2Y9.56%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.30%, BELFB is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.04, BELFB pays a better dividend. On top of this BELFB pays more dividend than 80.80% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, BELFB's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.3% |
5.2 History
The dividend of BELFB has a limited annual growth rate of 0.04%.
BELFB has been paying a dividend for at least 10 years, so it has a reliable track record.
BELFB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.04%
Div Incr Years0
Div Non Decr Years25
5.3 Sustainability
BELFB pays out 8.02% of its income as dividend. This is a sustainable payout ratio.
The dividend of BELFB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP8.02%
EPS Next 2Y9.56%
EPS Next 3YN/A
86.16
-0.23 (-0.27%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners49.15%
Inst Owner Change5.12%
Ins Owners24.65%
Ins Owner Change6.61%
Market Cap1.09B
Analysts84.44
Price TargetN/A
Short Float %37.05%
Short Ratio6.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.3% |
Yearly Dividend0.27
Dividend Growth(5Y)0.04%
DP8.02%
Div Incr Years0
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)52.21%
Min EPS beat(2)13.97%
Max EPS beat(2)90.44%
EPS beat(4)4
Avg EPS beat(4)48.18%
Min EPS beat(4)13.97%
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)2
Avg Revenue beat(2)11.06%
Min Revenue beat(2)0.37%
Max Revenue beat(2)21.75%
Revenue beat(4)3
Avg Revenue beat(4)5.59%
Min Revenue beat(4)-0.8%
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)-5.87%
EPS NY rev (1m)0%
EPS NY rev (3m)27.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 13.49 | ||
| P/S | 1.95 | ||
| P/FCF | 17.58 | ||
| P/OCF | 14.35 | ||
| P/B | 2.9 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.26 |
EPS(TTM)5.41
EY6.28%
EPS(NY)6.39
Fwd EY7.41%
FCF(TTM)4.9
FCFY5.69%
OCF(TTM)6
OCFY6.97%
SpS44.12
BVpS29.75
TBVpS-4.7
PEG (NY)2.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 11.4% | ||
| ROCE | 8.72% | ||
| ROIC | 7.34% | ||
| ROICexc | 7.98% | ||
| ROICexgc | 18.67% | ||
| OM | 12.94% | ||
| PM (TTM) | 7.69% | ||
| GM | 38.13% | ||
| FCFM | 11.11% |
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 Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 4.59 | ||
| Debt/EBITDA | 3.11 | ||
| Cap/Depr | 71.79% | ||
| Cap/Sales | 2.5% | ||
| Interest Coverage | 8.02 | ||
| Cash Conversion | 82.87% | ||
| Profit Quality | 144.53% | ||
| Current Ratio | 3.31 | ||
| Quick Ratio | 1.83 | ||
| Altman-Z | 2.88 |
F-Score5
WACC8.28%
ROIC/WACC0.89
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 Y6.99%
EPS Next 2Y9.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-6.16%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%18.85%
Revenue Next Year21.67%
Revenue Next 2Y14.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-15.3%
EBIT growth 3Y44.14%
EBIT growth 5Y68.62%
EBIT Next Year78.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y14.35%
FCF growth 3YN/A
FCF growth 5Y32.72%
OCF growth 1Y17.29%
OCF growth 3Y151.97%
OCF growth 5Y24.81%