Bel Fuse Inc (BELFB) AI Stock Analysis

• Market Cap: $2.51B
• Dividend Yield: 0.16%
• Average Volume (3M): 134.60K
• Price to Earnings (P/E): 39.6
• Beta (1Y): 1.43
• Revenue Growth: 23.70%
• EPS Growth: 14.78%
• Country: US
• Employees: 5,370
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 2.09
• Shares Outstanding: 10,545,300
• 10 Day Avg. Volume: 172,026
• 30 Day Avg. Volume: 134,597
• 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: 1.09
• Enterprise Value/Revenue: 4.20
• Enterprise Value/Gross Profit: 10.86
• Enterprise Value/Ebitda: 20.50
• 1Y Price Target: $212.00
• Price Target Upside: 5.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $233.00 ▲(15.81% Upside)

Overall score is driven primarily by solid financial performance (strong revenue growth and healthy margins), reinforced by a positive earnings-call outlook (strong YoY sales growth, margin expansion, supportive guidance, and debt reduction). The main offsets are weaker cash-flow trends, stretched momentum signals (RSI/Stoch), and a high P/E valuation.

Positive Factors

Sustained Revenue and Margin Strength

Consistent top-line growth and healthy gross/EBITDA margins indicate durable product demand and pricing power across segments. Higher margins reflect operational efficiency and scale, which support reinvestment and resilience to cost shocks over the next several quarters.

Power Solutions & Organic Growth

Very strong growth in Power Solutions and solid organic expansion point to rising structural demand for power-management products. This segment momentum supports higher capacity utilization, better fixed-cost absorption, and long-term margin tailwinds if sustained by end-market adoption.

Manageable Leverage and ROE

Moderate leverage combined with mid-teens ROE suggests prudent capital structure and efficient use of equity. This balance provides flexibility for continued debt paydown or targeted investments without severely constraining liquidity or growth initiatives over the medium term.

Negative Factors

Weak Free Cash Flow Conversion

Negative FCF growth and only moderate operating cash conversion indicate earnings are not fully translating to cash. Persistent cash conversion shortfalls can constrain capital allocation, slow debt reduction, and limit financing for growth or shareholder returns over the next several quarters.

Cost Pressure from Wages

Rising labor costs in key manufacturing locations are structural headwinds that compress segment profitability unless offset by automation, pricing, or sourcing changes. Over months this erodes margin sustainability and may require strategic supply-chain shifts to restore competitiveness.

Exposure to Weak End Markets

Declines in eMobility and rail sales show dependence on cyclical industrial end markets. Structural or extended weakness in these verticals can depress future revenue and utilization, making overall growth more vulnerable unless offset by gains in other segments or diversified end-market exposure.

Bel Fuse Inc 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 Inc. generates revenue through the sale of its electronic components and power solutions across multiple industries. Key revenue streams include the manufacturing of magnetics, connectors, and power supplies, which are sold to original equipment manufacturers (OEMs) and distributors. The company's strategic partnerships with major technology firms and its presence in high-growth markets like telecommunications and renewable energy further enhance its earnings potential. Additionally, Bel Fuse benefits from economies of scale and operational efficiencies, allowing it to maintain competitive pricing while driving profitability.

Bel Fuse Inc Financial Statement Overview

Summary

Income statement strength (75) is supported by solid TTM revenue growth (9.32%) and healthy profitability (gross margin 37.84%, EBITDA margin 18.53%). Balance sheet is moderate (70) with manageable leverage (debt-to-equity 0.68) and decent ROE (13.52%). Cash flow is the key drag (65) due to negative free cash flow growth (-7.14%) and only moderate cash conversion (operating cash flow to net income 0.52).

Income Statement

Bel Fuse Inc. shows a strong revenue growth rate of 9.32% in the TTM, indicating a positive trajectory. The gross profit margin of 37.84% and net profit margin of 8.59% reflect solid profitability, although there is room for improvement in net margins. The EBIT and EBITDA margins are healthy at 14.72% and 18.53%, respectively, suggesting efficient operations.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.68, indicating a balanced approach to leverage. The return on equity (ROE) is 13.52%, showcasing effective use of equity to generate profits. However, the equity ratio is not explicitly calculated, which could provide further insights into financial stability.

Cash Flow

Free cash flow growth is negative at -7.14%, which is a concern. The operating cash flow to net income ratio is 0.52, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is 0.74, suggesting that cash flows are not fully covering net income, which could pose liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	649.38M	534.79M	639.81M	654.23M	543.49M	465.77M
Gross Profit	251.25M	202.36M	215.85M	183.45M	134.38M	119.73M
EBITDA	133.10M	82.34M	99.46M	77.30M	47.73M	33.30M
Net Income	65.19M	40.96M	73.83M	52.69M	24.82M	12.79M
Balance Sheet
Total Assets	952.80M	949.79M	571.63M	560.47M	511.85M	453.87M
Cash, Cash Equivalents and Short-Term Investments	57.74M	69.20M	126.92M	70.27M	61.76M	84.94M
Total Debt	249.46M	318.21M	82.10M	118.67M	134.05M	130.24M
Total Liabilities	443.77M	508.63M	231.07M	298.12M	303.10M	268.07M
Stockholders Equity	427.76M	360.58M	340.56M	262.35M	208.74M	185.80M
Cash Flow
Free Cash Flow	44.61M	59.96M	96.22M	31.43M	-4.76M	40.63M
Operating Cash Flow	59.39M	74.06M	108.35M	40.26M	4.63M	46.11M
Investing Cash Flow	-298.16M	-297.89M	-53.53M	-7.00M	-18.88M	-1.51M
Financing Cash Flow	159.45M	206.26M	-38.60M	-21.26M	-8.40M	-32.14M

Bel Fuse Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 201.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BELFB, the sentiment is Positive. The current price of 201.19 is above the 20-day moving average (MA) of 194.36, above the 50-day MA of 175.83, and above the 200-day MA of 130.12, indicating a bullish trend. The MACD of 9.08 indicates Negative momentum. The RSI at 59.88 is Neutral, neither overbought nor oversold. The STOCH value of 62.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BELFB.

Bel Fuse Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BELFA	74 Outperform	$2.51B	36.15	16.40%	0.15%	23.70%	14.78%
CTS	73 Outperform	$1.49B	26.13	10.98%	0.36%	3.70%	1.68%
BHE	72 Outperform	$1.86B	50.96	3.37%	1.44%	-2.93%	-40.33%
BELFB	71 Outperform	$2.51B	39.58	16.40%	0.16%	23.70%	14.78%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ROG	58 Neutral	$1.75B	-26.81	-5.34%	―	-4.87%	-235.48%
MEI	50 Neutral	$282.91M	-4.51	-8.87%	5.93%	-9.51%	29.57%