Bel Fuse Inc (BELFB)
NASDAQ:BELFB
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Bel Fuse Inc
(NASDAQ:BELFB)
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Rating:80Outperform
Price Target:
$297.00
▲(16.81% Upside)
Action:ReiteratedDate:04/30/26
The score is driven primarily by solid financial performance (healthy margins, improving leverage, positive free cash flow) and very attractive valuation (low P/E and high dividend yield). Technicals also support the setup with a strong uptrend, while the earnings call adds a positive outlook via strong growth and constructive guidance, tempered by margin/cost headwinds and uneven end-market demand.
Positive Factors
Diversified end-markets
Serving multiple end markets (industrial, telecom/networking, transportation, military/aerospace) reduces reliance on any single cyclical customer. That breadth supports steadier design-win pipelines, recurring OEM demand and more durable revenue streams across economic cycles and product lifecycles.
Negative Factors
Cyclical revenue and margin volatility
Historical swings in revenue and margins show the business remains exposed to cyclical end-market demand and product cycle timing. That volatility can complicate forward planning, creates earnings sensitivity to order timing, and could pressure margins during slower periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end-markets
Serving multiple end markets (industrial, telecom/networking, transportation, military/aerospace) reduces reliance on any single cyclical customer. That breadth supports steadier design-win pipelines, recurring OEM demand and more durable revenue streams across economic cycles and product lifecycles.
Read all positive factors
Bel Fuse Inc (BELFB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.45B
Dividend Yield0.16%
Average Volume (3M)182.09K
Price to Earnings (P/E)53.8
Beta (1Y)1.56
Revenue Growth25.54%
EPS Growth19.60%
CountryUS
Employees5,370
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1.81
Shares Outstanding10,643,721
10 Day Avg. Volume179,038
30 Day Avg. Volume182,090
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)4.99
Price to Sales (P/S)3.15
P/FCF Ratio31.28
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue4.89
Enterprise Value/Gross Profit12.47
Enterprise Value/Ebitda25.13
Forecast
1Y Price Target
$295.20Price Target Upside16.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)7.49
Revenue Forecast (FY)$728.26M
Bel Fuse Inc Business Overview & Revenue Model
Company Description
Bel Fuse Inc. designs and manufactures advanced power, protection, and connectivity solutions that enable industrial technology and data-driven innovation. Serving markets including data infrastructure, industrial, medical, semiconductor, and tran...
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:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive tone: strong top-line growth (+17.2% YoY), gross margin expansion, higher adjusted EBITDA, robust bookings, accretive M&A (dataMate) and encouraging design wins and AI-driven demand in data solutions. Offsetting items include GAAP operating income compression, margin pressure in ITDS from material and FX headwinds, elevated SG&A/R&D investments and persistent weakness in transportation. Management expects pricing and operational actions to offset cost pressures over time and provided constructive Q2 guidance, signaling confidence in continued momentum.Positive Updates
Strong Revenue Growth
Total sales of $178.5 million in Q1 2026, up 17.2% year-over-year.
Negative Updates
GAAP Operating Income Decline
GAAP operating income fell to $23.7 million from $25.0 million in Q1 2025 (down $1.3 million), reflecting higher operating costs despite gross margin gains.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue Growth
Total sales of $178.5 million in Q1 2026, up 17.2% year-over-year.
Read all positive updates
Company Guidance
The company guided Q2 sales of $195 million to $215 million with gross margin of 38%–40%, and reiterated near‑term operating run‑rates of R&D at about $8 million per quarter and SG&A of roughly $33 million–$35 million per quarter; management said pricing, procurement and operational levers should begin offsetting higher input costs (with more benefit expected by Q3–Q4). For context and balance‑sheet cadence, Q1 sales were $178.5 million (up 17.2% Y/Y) with a 39% gross margin, adjusted EBITDA of $34.5 million, cash and securities of $59.4 million, net cash from operations of $13.8 million, capex of $2.6 million, $7 million of net borrowings for the quarter, and the recently closed dataMate acquisition (paid ~$15–16 million) adds ~ $18 million of annual sales and is expected to be immediately accretive.Bel Fuse Inc Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
77
Positive
Cash Flow
72
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 | 136.53M | 134.31M | 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 Inc Technical Analysis
Positive
254.25
Price Trends
218.79
Positive
199.49
Positive
167.56
Positive
Market Momentum
9.16
Negative
73.09
Negative
94.83
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 254.25 is above the 20-day moving average (MA) of 219.76, above the 50-day MA of 218.79, and above the 200-day MA of 167.56, indicating a bullish trend. The MACD of 9.16 indicates Negative momentum. The RSI at 73.09 is Negative, neither overbought nor oversold. The STOCH value of 94.83 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | $3.45B | 53.78 | 9.96% | 0.15% | 25.54% | 19.60% | |
80 Outperform | $3.45B | 53.78 | 9.96% | 0.16% | 25.54% | 19.60% | |
76 Outperform | $1.63B | 19.92 | 10.02% | 0.36% | 7.80% | 18.75% | |
71 Outperform | $2.42B | 109.72 | -4.66% | ― | 1.68% | -431.99% | |
62 Neutral | $2.94B | 38.49 | 2.25% | 1.44% | 3.53% | -34.92% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $284.15M | -4.46 | -9.42% | 5.93% | -8.43% | 30.33% |
* Technology Sector Average
BELFB
Bel Fuse Inc
283.60
214.77
312.01%
BHE
Benchmark Electronics
84.50
50.35
147.42%
CTS
CTS
57.00
18.12
46.62%
MEI
Methode Electronics
8.63
2.24
34.95%
ROG
Rogers
134.44
72.12
115.73%
BELFA
Bel Fuse
256.12
192.49
302.54%
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.