Bel Fuse Inc (BELFB)
NASDAQ:BELFB
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Bel Fuse Inc
(NASDAQ:BELFB)
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Rating:76Outperform
Price Target:
$266.00
▲(13.19% Upside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by solid financial performance (notably stronger margins and improving free cash flow) and very supportive valuation (low P/E and high dividend yield). These positives are partially offset by weaker near-term technical momentum (below key short-term moving averages and negative MACD) and some business/financial variability reflected in uneven revenue trends and past leverage swings.
Positive Factors
Sustained Margin Expansion
Material and sustained gross- and net-margin improvement signals structural gains in pricing, product mix, or cost control. Higher margins improve long-term profitability, provide buffer in down cycles, and increase retained earnings to fund R&D, dividends, or strategic investments.
Negative Factors
Volatile Revenue Trends
Uneven top-line performance reduces visibility into future earnings and complicates capacity planning and fixed-cost absorption. Persistent revenue volatility can pressure margins during downturns and makes long-range budgeting and investment decisions more uncertain for management.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Margin Expansion
Material and sustained gross- and net-margin improvement signals structural gains in pricing, product mix, or cost control. Higher margins improve long-term profitability, provide buffer in down cycles, and increase retained earnings to fund R&D, dividends, or strategic investments.
Read all positive factors
Bel Fuse Inc (BELFB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.95B
Dividend Yield0.16%
Average Volume (3M)176.94K
Price to Earnings (P/E)5.8
Beta (1Y)1.49
Revenue Growth23.70%
EPS Growth14.78%
CountryUS
Employees5,370
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.98
Shares Outstanding10,541,050
10 Day Avg. Volume204,980
30 Day Avg. Volume176,935
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 Cap1.07
Enterprise Value/Revenue4.66
Enterprise Value/Gross Profit11.91
Enterprise Value/Ebitda21.47
Forecast
1Y Price Target
$258.00Price Target Upside9.79% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)7.35
Revenue Forecast (FY)$725.26M
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 consu...
How the Company Makes Money
Bel Fuse makes money primarily by selling its electronic components and related products to original equipment manufacturers (OEMs), contract manufacturers, and distributors. Its revenue is typically generated across three main product groupings: ...
Bel Fuse Inc Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call highlighted strong operational and financial momentum for 2025 — including record revenue, margin expansion, meaningful segment growth, a healthy book-to-bill and substantial debt reduction — while acknowledging near-term headwinds from rising raw material costs, unfavorable FX, some margin pressure in Magnetics and seasonal/visibility constraints. Management outlined concrete mitigation actions (pricing, hedging, operational moves), continued investment in R&D and go-to-market improvements, and an active M&A pipeline, leading to optimism about sustained growth drivers (A&D, space, AI, networking).Positive Updates
Record Full-Year Revenue and Earnings
Full year 2025 net sales of $675.5M, a 26.3% increase vs. 2024; company reported record EBITDA and record GAAP and non-GAAP EPS for 2025.
Negative Updates
Rising Raw Material Costs
Management cited headwinds from higher prices for gold, copper and printed circuit boards which will pressure input costs and margin if not fully offset by pricing or sourcing actions.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Revenue and Earnings
Full year 2025 net sales of $675.5M, a 26.3% increase vs. 2024; company reported record EBITDA and record GAAP and non-GAAP EPS for 2025.
Read all positive updates
Company Guidance
Management guided Q1 2026 revenue of $165.0–$180.0 million and gross margin of 37–39%, citing continued strength across all three segments but warning that higher raw‑material costs (notably gold, copper and PCBs) and unfavorable FX in the peso, renminbi and shekel could pressure margins (about half of FX exposure is hedged); the guide reflects typical Lunar New Year seasonality and follows a record 2025 (net sales $675.5M, +26.3% YoY; Q4 sales $175.9M, +17.4% YoY; FY gross margin 39.1%; Q4 gross margin 39.4%), with FY book‑to‑bill 1.1 (Q4 1.3), FY operating cash flow $80.6M, year‑end cash $57.8M, $197.5M total debt after $90M of 2025 paydowns, a weighted‑average debt rate of 4.4%, $12M capex and $3.5M in dividend payments—management said it will pursue pricing actions where appropriate and expects R&D to remain near Q4’s $8M level.Bel Fuse Inc Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
83
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 675.46M | 534.79M | 639.81M | 654.23M | 543.49M |
| Gross Profit | 264.42M | 202.36M | 215.85M | 183.45M | 134.38M |
| EBITDA | 136.39M | 82.34M | 99.46M | 77.30M | 47.73M |
| Net Income | 61.54M | 40.96M | 73.83M | 52.69M | 24.82M |
Balance Sheet | |||||
| Total Assets | 935.20M | 949.79M | 571.63M | 560.47M | 511.85M |
| Cash, Cash Equivalents and Short-Term Investments | 57.80M | 69.20M | 126.92M | 70.27M | 61.76M |
| Total Debt | 237.26M | 318.21M | 82.10M | 118.67M | 134.05M |
| Total Liabilities | 416.53M | 508.63M | 231.07M | 298.12M | 303.10M |
| Stockholders Equity | 425.51M | 360.58M | 340.56M | 262.35M | 208.74M |
Cash Flow | |||||
| Free Cash Flow | 67.93M | 59.96M | 96.22M | 31.43M | -4.76M |
| Operating Cash Flow | 79.93M | 74.06M | 108.35M | 40.26M | 4.63M |
| Investing Cash Flow | -3.25M | -297.89M | -53.53M | -7.00M | -18.88M |
| Financing Cash Flow | -93.47M | 206.26M | -38.60M | -21.26M | -8.40M |
Bel Fuse Inc Technical Analysis
Positive
235.00
Price Trends
215.27
Positive
193.71
Positive
163.23
Positive
Market Momentum
2.22
Negative
65.16
Neutral
83.42
Negative
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 235 is above the 20-day moving average (MA) of 209.08, above the 50-day MA of 215.27, and above the 200-day MA of 163.23, indicating a bullish trend. The MACD of 2.22 indicates Negative momentum. The RSI at 65.16 is Neutral, neither overbought nor oversold. The STOCH value of 83.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BELFB.
Bel Fuse Inc Risk Analysis
Bel Fuse Inc disclosed 29 risk factors in its most recent earnings report. Bel Fuse Inc 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 Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.95B | 5.83 | 15.06% | 0.16% | 23.70% | 14.78% | |
76 Outperform | $2.95B | 5.83 | 15.06% | 0.15% | 23.70% | 14.78% | |
68 Neutral | $1.53B | 19.37 | 11.94% | 0.36% | 3.70% | 1.68% | |
68 Neutral | $2.06B | 91.57 | -5.07% | ― | -4.87% | -235.48% | |
62 Neutral | $2.22B | 61.39 | 2.25% | 1.44% | -2.93% | -40.33% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | $238.09M | -4.46 | -9.42% | 5.93% | -9.51% | 29.57% |
* Technology Sector Average
BELFB
Bel Fuse Inc
235.00
166.08
240.95%
BHE
Benchmark Electronics
62.19
27.52
79.36%
CTS
CTS
53.39
16.40
44.32%
MEI
Methode Electronics
6.72
1.28
23.46%
ROG
Rogers
115.55
59.31
105.46%
BELFA
Bel Fuse
222.50
156.91
239.22%
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.