Bel Fuse (BELFA)
NASDAQ:BELFA
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Bel Fuse
(NASDAQ:BELFA)
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Rating:83Outperform
Price Target:
$267.00
▲(67.46% Upside)
Action:ReiteratedDate:04/30/26
The score is driven primarily by solid financial performance (strong margins and free cash flow) and a favorable technical uptrend, supported by very attractive valuation (low P/E and high dividend yield). The latest earnings call reinforces momentum via upbeat guidance and robust bookings, tempered by near-term cost/FX and expense pressures.
Positive Factors
Cash Generation
Consistent, high free cash flow (FCF ~86% of net income) and positive operating cash flow provide durable internal funding for capex, dividends, and M&A. This strengthens financial flexibility, lowers reliance on markets for funding, and supports strategic deployment into growth areas over coming quarters.
Negative Factors
ITDS Margin Pressure
Pressure in the ITDS margin pool signals structural vulnerability: material cost volatility and FX can persist across quarters, reducing operating leverage in data and industrial channels. If costs remain elevated or pricing lags, segment profitability and consolidated margins could stay constrained into the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent, high free cash flow (FCF ~86% of net income) and positive operating cash flow provide durable internal funding for capex, dividends, and M&A. This strengthens financial flexibility, lowers reliance on markets for funding, and supports strategic deployment into growth areas over coming quarters.
Read all positive factors
Bel Fuse (BELFA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.23B
Dividend Yield0.15%
Average Volume (3M)24.50K
Price to Earnings (P/E)5.8
Beta (1Y)1.47
Revenue Growth26.30%
EPS Growth42.31%
CountryUS
Employees5,370
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.81
Shares Outstanding2,115,263
10 Day Avg. Volume41,410
30 Day Avg. Volume24,500
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.84
Price to Sales (P/S)0.53
P/FCF Ratio5.28
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue4.89
Enterprise Value/Gross Profit12.47
Enterprise Value/Ebitda25.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.46
Revenue Forecast (FY)$725.60M
Bel Fuse Business Overview & Revenue Model
Company Description
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, e-Mobility and broadcasting, and consu...
How the Company Makes Money
Bel Fuse makes money primarily by selling electronic components and related assemblies to original equipment manufacturers (OEMs) and electronics manufacturing services (EMS) providers. Revenue is generated through (1) Power Solutions: sales of po...
Bel Fuse Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive operating picture: strong revenue growth (17.2% YoY), robust segment performance (ADRS +20.1% YoY), EBITDA expansion, healthy cash generation and an accretive acquisition (dataMate). Management also acknowledged near-term headwinds — higher material costs, unfavorable FX, SG&A increases and pockets of weakness in transportation/rail — but laid out clear mitigation levers (pricing, procurement, operational efficiency) and guided to a stronger Q2 with continued momentum into the back half of the year. Overall, highlights outweigh the lowlights and the tone is constructive with confidence in execution and growth drivers (defense, aerospace, data/AI).Positive Updates
Revenue Growth
Total sales of $178.5 million in Q1 FY2026, up 17.2% year-over-year, driven by broad-based demand across segments.
Negative Updates
Margin Pressure in ITDS
ITDS gross profit margin declined to 36.6% from 37.3% in Q1 FY2025 (down 70 basis points), primarily due to higher material costs (gold, copper, PCBs) and unfavorable foreign exchange (notably the Chinese renminbi).
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total sales of $178.5 million in Q1 FY2026, up 17.2% year-over-year, driven by broad-based demand across segments.
Read all positive updates
Company Guidance
Management guided Q2 sales of $195–$215 million and gross margin of 38–40%, citing robust bookings as support; as context, Q1 revenue was $178.5M (+17.2% YoY) with a 39.0% gross margin (+40 bps), GAAP operating income $23.7M, adjusted EBITDA $34.5M, ADRS sales $99.8M (+20.1%, 41.5% margin), ITDS sales $78.7M (+13.8%, 36.6% margin), cash/securities $59.4M, operating cash flow $13.8M, and CapEx $2.6M; management expects R&D ≈$8M/quarter, SG&A ~$33–35M/quarter, noted higher input and FX pressures and ongoing pricing/procurement/operational actions to offset them, and closed the ~$16M dataMate deal (paid ~$15.2M) which adds ~ $18M of annual sales and is expected to be immediately accretive (partly funded by $7M net borrowings).Bel Fuse Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 701.71M | 675.46M | 534.79M | 639.81M | 654.23M | 543.49M |
| Gross Profit | 275.20M | 264.42M | 202.36M | 215.85M | 183.45M | 134.38M |
| EBITDA | 135.78M | 136.39M | 82.34M | 99.46M | 77.30M | 47.73M |
| Net Income | 55.04M | 61.54M | 40.96M | 73.83M | 52.69M | 24.82M |
Balance Sheet | ||||||
| Total Assets | 951.92M | 935.20M | 949.79M | 571.63M | 560.47M | 511.85M |
| Cash, Cash Equivalents and Short-Term Investments | 59.45M | 57.80M | 69.20M | 126.92M | 70.27M | 61.76M |
| Total Debt | 226.15M | 237.26M | 318.21M | 82.10M | 118.67M | 134.05M |
| Total Liabilities | 416.21M | 416.53M | 508.63M | 231.07M | 298.12M | 303.10M |
| Stockholders Equity | 951.92M | 425.51M | 360.58M | 340.56M | 262.35M | 208.74M |
Cash Flow | ||||||
| Free Cash Flow | 74.44M | 67.93M | 59.96M | 96.22M | 31.43M | -4.76M |
| Operating Cash Flow | 86.29M | 79.93M | 74.06M | 108.35M | 40.26M | 4.63M |
| Investing Cash Flow | -18.05M | -3.25M | -297.89M | -53.53M | -7.00M | -18.88M |
| Financing Cash Flow | -79.66M | -93.47M | 206.26M | -38.60M | -21.26M | -8.40M |
Bel Fuse Technical Analysis
Positive
159.44
Price Trends
202.18
Positive
181.39
Positive
148.72
Positive
Market Momentum
8.80
Negative
68.95
Neutral
86.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BELFA, the sentiment is Positive. The current price of 159.44 is below the 20-day moving average (MA) of 204.38, below the 50-day MA of 202.18, and above the 200-day MA of 148.72, indicating a bullish trend. The MACD of 8.80 indicates Negative momentum. The RSI at 68.95 is Neutral, neither overbought nor oversold. The STOCH value of 86.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BELFA.
Bel Fuse Risk Analysis
Bel Fuse disclosed 29 risk factors in its most recent earnings report. Bel Fuse reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bel Fuse Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $3.23B | 5.83 | 9.96% | 0.15% | 26.30% | 42.31% | |
77 Outperform | $11.65B | 88.57 | 20.22% | ― | 15.59% | 491.65% | |
76 Outperform | $1.56B | 19.37 | 10.02% | 0.36% | 5.16% | 15.89% | |
71 Outperform | $2.27B | ― | -5.07% | ― | 1.68% | -431.99% | |
66 Neutral | $2.60B | 61.39 | 2.25% | 1.44% | 0.11% | -60.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $271.40M | -4.46 | -9.42% | 5.93% | -8.43% | 30.33% |
* Technology Sector Average
BELFA
Bel Fuse
243.45
180.76
288.35%
BHE
Benchmark Electronics
82.05
48.91
147.60%
CTS
CTS
57.10
18.53
48.05%
MEI
Methode Electronics
8.02
1.84
29.75%
ROG
Rogers
135.75
72.05
113.11%
VICR
Vicor
269.27
229.86
583.25%
Bel Fuse Corporate Events
Business Operations and StrategyExecutive/Board Changes
Bel Fuse realigns into two focused business units
Positive
Apr 6, 2026
On March 31, 2026, Bel Fuse Inc. announced a strategic realignment from a product-centric to an end-market-centric structure, consolidating its operations into two business units: Aerospace, Defense Rugged Solutions and Industrial Technology Dat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.