BEL FUSE INC-CL B (BELFB)
US0773473006 - Common Stock
We assign a fundamental rating of 7 out of 10 to BELFB. BELFB was compared to 127 industry peers in the Electronic Equipment, Instruments & Components industry. BELFB scores excellent points on both the profitability and health parts. This is a solid base for a good stock. BELFB is cheap, but on the other hand it scores bad on growth. This makes BELFB very considerable for value investing!
1. Profitability
1.1 Basic Checks
BELFB had positive earnings in the past year.
In the past year BELFB had a positive cash flow from operations.
Of the past 5 years BELFB 4 years were profitable.
BELFB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BELFB has a better Return On Assets (12.92%) than 95.24% of its industry peers.
With an excellent Return On Equity value of 21.68%, BELFB belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
BELFB has a Return On Invested Capital of 17.16%. This is amongst the best in the industry. BELFB outperforms 96.03% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BELFB is above the industry average of 9.45%.
The 3 year average ROIC (12.96%) for BELFB is below the current ROIC(17.16%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.92% | ||
| ROE | 21.68% | ||
| ROIC | 17.16% |
ROA(3y)9.05%
ROA(5y)5.63%
ROE(3y)17.88%
ROE(5y)11.07%
ROIC(3y)12.96%
ROIC(5y)8.9%
1.3 Margins
With an excellent Profit Margin value of 11.54%, BELFB belongs to the best of the industry, outperforming 88.10% of the companies in the same industry.
BELFB's Profit Margin has improved in the last couple of years.
BELFB has a Operating Margin of 13.91%. This is amongst the best in the industry. BELFB outperforms 87.30% of its industry peers.
In the last couple of years the Operating Margin of BELFB has grown nicely.
Looking at the Gross Margin, with a value of 33.74%, BELFB is in line with its industry, outperforming 59.52% of the companies in the same industry.
In the last couple of years the Gross Margin of BELFB has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.91% | ||
| PM (TTM) | 11.54% | ||
| GM | 33.74% |
OM growth 3Y57.4%
OM growth 5Y24.41%
PM growth 3Y61.33%
PM growth 5Y25.03%
GM growth 3Y9.5%
GM growth 5Y5.83%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BELFB is creating value.
The number of shares outstanding for BELFB has been reduced compared to 1 year ago.
BELFB has more shares outstanding than it did 5 years ago.
BELFB has a better debt/assets ratio than last year.
2.2 Solvency
BELFB has an Altman-Z score of 4.87. This indicates that BELFB is financially healthy and has little risk of bankruptcy at the moment.
BELFB has a Altman-Z score of 4.87. This is in the better half of the industry: BELFB outperforms 77.78% of its industry peers.
BELFB has a debt to FCF ratio of 0.62. This is a very positive value and a sign of high solvency as it would only need 0.62 years to pay back of all of its debts.
BELFB has a Debt to FCF ratio of 0.62. This is amongst the best in the industry. BELFB outperforms 81.75% of its industry peers.
BELFB has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
BELFB's Debt to Equity ratio of 0.18 is in line compared to the rest of the industry. BELFB outperforms 49.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.62 | ||
| Altman-Z | 4.87 |
ROIC/WACC1.85
WACC9.29%
2.3 Liquidity
BELFB has a Current Ratio of 3.45. This indicates that BELFB is financially healthy and has no problem in meeting its short term obligations.
BELFB's Current ratio of 3.45 is fine compared to the rest of the industry. BELFB outperforms 69.84% of its industry peers.
A Quick Ratio of 2.21 indicates that BELFB has no problem at all paying its short term obligations.
The Quick ratio of BELFB (2.21) is better than 63.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.45 | ||
| Quick Ratio | 2.21 |
3. Growth
3.1 Past
BELFB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 44.98%, which is quite impressive.
The Earnings Per Share has been growing by 27.58% 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 -2.20% in the last year.
Measured over the past years, BELFB shows a small growth in Revenue. The Revenue has been growing by 3.14% on average per year.
EPS 1Y (TTM)44.98%
EPS 3Y87.72%
EPS 5Y27.58%
EPS growth Q2Q7.87%
Revenue 1Y (TTM)-2.2%
Revenue growth 3Y11.16%
Revenue growth 5Y3.14%
Revenue growth Q2Q-17.25%
3.2 Future
Based on estimates for the next years, BELFB will show a decrease in Earnings Per Share. The EPS will decrease by -0.90% on average per year.
The Revenue is expected to decrease by -1.03% on average over the next years.
EPS Next Y-22.14%
EPS Next 2Y-0.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11.18%
Revenue Next 2Y-1.03%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.33, which indicates a very decent valuation of BELFB.
BELFB's Price/Earnings ratio is rather cheap when compared to the industry. BELFB is cheaper than 94.44% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.02. BELFB is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 11.99, the valuation of BELFB can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BELFB indicates a rather cheap valuation: BELFB is cheaper than 84.92% of the companies listed in the same industry.
BELFB's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.33 | ||
| Fwd PE | 11.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BELFB is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, BELFB is valued cheaply inside the industry as 94.44% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.86 | ||
| EV/EBITDA | 6.94 |
4.3 Compensation for Growth
The excellent profitability rating of BELFB may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.34
EPS Next 2Y-0.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BELFB has a yearly dividend return of 0.35%, which is pretty low.
Compared to an average industry Dividend Yield of 1.75, BELFB pays a better dividend. On top of this BELFB pays more dividend than 80.95% 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 | 0.35% |
5.2 History
The dividend of BELFB has a limited annual growth rate of 0.12%.
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)0.12%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
4.73% of the earnings are spent on dividend by BELFB. This is a low number and sustainable payout ratio.
DP4.73%
EPS Next 2Y-0.9%
EPS Next 3YN/A
BEL FUSE INC-CL B
NASDAQ:BELFB (4/29/2024, 7:00:01 PM)
After market: 59.26 0 (0%)59.26
+1.35 (+2.33%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap756.16M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.35% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.33 | ||
| Fwd PE | 11.99 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.92% | ||
| ROE | 21.68% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 13.91% | ||
| PM (TTM) | 11.54% | ||
| GM | 33.74% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.45 | ||
| Quick Ratio | 2.21 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)44.98%
EPS 3Y87.72%
EPS 5Y
EPS growth Q2Q
EPS Next Y-22.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.2%
Revenue growth 3Y11.16%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y