Bel Fuse (BELFA) AI Stock Analysis

• Market Cap: $1.76B
• Dividend Yield: 0.2%
• Average Volume (3M): 9.29K
• Price to Earnings (P/E): 29.2
• Beta (1Y): 1.20
• Revenue Growth: 6.08%
• EPS Growth: -23.93%
• Country: US
• Employees: 5,370
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.67
• Shares Outstanding: 2,115,263
• 10 Day Avg. Volume: 8,184
• 30 Day Avg. Volume: 9,287
• PEG Ratio: -0.58
• Price to Book (P/B): 2.87
• Price to Sales (P/S): 1.93
• P/FCF Ratio: 17.26
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 2.69
• Enterprise Value/Gross Profit: 7.10
• Enterprise Value/Ebitda: 14.50
• 1Y Price Target: $129.00
• Price Target Upside: 11.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: $129.00 ▲(11.13% Upside)

Bel Fuse's overall stock score reflects strong financial performance and positive earnings call highlights, with robust revenue growth and operational efficiencies. Technical indicators support a bullish trend, although valuation metrics suggest potential overvaluation. The company's ability to manage debt and cash flow will be crucial for sustaining its financial health.

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 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 ethernet discrete components. The company also provides power solutions and protection products comprising front-end power supplies; board-mount power; industrial power; external power; 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 ethernet, I/O, and industrial and power connectivity. 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 organizations, and authorized distributors. Bel Fuse Inc. was incorporated in 1949 and is headquartered in Jersey City, New Jersey.

How the Company Makes Money

Bel Fuse generates revenue through the sale of its electronic components and power solutions across multiple sectors. The company has a diversified revenue model that includes direct sales to original equipment manufacturers (OEMs), distributors, and through partnerships with other technology firms. Key revenue streams include the sale of magnetics, power supplies, and modular connectors, which are critical components in electronic devices. Additionally, Bel Fuse benefits from long-term contracts with customers in the military and aerospace sectors, which provide consistent income. The company's focus on research and development allows it to create innovative products that meet specific industry needs, further enhancing its market position and contributing to its earnings.

Bel Fuse Financial Statement Overview

Summary

Bel Fuse showcases strong profitability and growth in its recent financial results, supported by healthy margins and revenue growth. The balance sheet reflects a stable, albeit slightly leveraged, position with room for improvement in cash management. Cash flow performance indicates effective cash generation but raises concerns about future liquidity due to substantial investment outflows. Continued focus on managing debt and enhancing cash reserves will be crucial for maintaining financial health.

Income Statement

The company demonstrates a solid gross profit margin of approximately 37.8% for TTM, indicating efficient cost management. The net profit margin is healthy at 8.6%, showing strong profitability. Revenue growth from the previous annual report to TTM is commendable at 11.1%, suggesting positive sales momentum. EBIT and EBITDA margins are robust at 13.2% and 16.1% respectively, underscoring operational efficiency. However, the revenue dip from 2023 to 2024 indicates potential volatility.

Balance Sheet

The debt-to-equity ratio stands at 0.57, indicating a moderate level of leverage, which is manageable. Return on equity (ROE) of 10.5% for TTM reflects decent profitability from shareholders' equity. The equity ratio of 51.1% suggests a balanced capital structure. However, the declining cash reserves and increased debt levels over the years pose a potential risk if not strategically managed.

Cash Flow

The operating cash flow to net income ratio is 1.26, indicating good cash generation relative to profits. Free cash flow to net income ratio is 0.94, reflecting efficient capital expenditure management. However, the free cash flow growth rate is negative, highlighting concerns about liquidity and investment capability. The significant investing cash outflows need to be monitored for future sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	594.03M	534.79M	639.81M	654.23M	543.49M	465.77M
Gross Profit	224.79M	202.36M	215.85M	183.45M	134.38M	119.73M
EBITDA	110.05M	82.34M	99.46M	84.79M	42.19M	27.96M
Net Income	51.02M	40.96M	73.83M	52.69M	24.82M	12.79M
Balance Sheet
Total Assets	950.58M	949.79M	571.63M	560.47M	511.85M	453.87M
Cash, Cash Equivalents and Short-Term Investments	59.28M	69.20M	126.92M	70.27M	61.76M	84.94M
Total Debt	275.07M	318.21M	82.59M	116.61M	134.05M	130.24M
Total Liabilities	464.87M	508.63M	231.07M	298.12M	303.10M	268.07M
Stockholders Equity	404.74M	360.58M	340.56M	262.35M	208.74M	185.80M
Cash Flow
Free Cash Flow	48.04M	59.96M	96.22M	31.43M	-4.76M	40.63M
Operating Cash Flow	64.54M	74.06M	108.35M	40.26M	4.63M	46.11M
Investing Cash Flow	-273.62M	-297.89M	-53.53M	-7.00M	-18.88M	-1.51M
Financing Cash Flow	182.27M	206.26M	-38.60M	-21.26M	-8.40M	-32.14M

Bel Fuse Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 116.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 116.08 is below the 20-day moving average (MA) of 119.71, above the 50-day MA of 114.17, and above the 200-day MA of 87.59, indicating a neutral trend. The MACD of 2.09 indicates Positive momentum. The RSI at 51.71 is Neutral, neither overbought nor oversold. The STOCH value of 19.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BELFA.

Bel Fuse Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LYTS	77 Outperform	$724.16M	29.96	10.57%	0.84%	22.09%	-5.26%
BELFA	76 Outperform	$1.76B	29.23	13.40%	0.20%	6.08%	-23.93%
CTS	76 Outperform	$1.16B	18.57	6.05%	0.41%	1.16%	19.81%
VPG	67 Neutral	$427.45M	-333.92	3.08%	―	-11.47%	-106.18%
MEI	54 Neutral	$267.65M	-4.95	-7.93%	6.45%	-4.91%	61.77%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Bel Fuse Corporate Events

Bel Fuse Board Member Thomas Dooley Resigns

On June 30, 2025, Thomas Dooley resigned from the Board of Directors of Bel Fuse Inc., effective immediately. His departure was not due to any disagreements with the company, and he was instrumental in shaping its acquisition strategy and long-term growth.