Bel Fuse Inc.

NASDAQ
BELFB
Stock
Yield per half year: +110.84%
Dividend yield: 0.3136%
Sector: Technology

Reporting Bel Fuse Inc.

Capitalization

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM Average for 5 years CAGR 5
Capitalization, bln $
0.243 0.2427 0.3239 0.2704 0.221 0.246 0.1804 0.4284 0.5972 1.69 0.3346 22.00
Revenue, bln $
0.5 0.492 0.548 0.492 0.466 0.543 0.6542 0.6398 0.5348 0.5348 0.5676 2.79
Net profit, bln $
-0.065 -0.012 0.021 -0.009 0.013 0.025 0.0527 0.0738 0.041 0.041 0.0411 25.83
EV, bln $
0.3105 0.3772 0.2824 0.3277 0.2306 0.2327 0.5179 0.8451 1.28 1.28 0.6213 40.89
EBIT, bln $
0.0077 -0.0037 0.0289 -0.0111 -0.000793 0.0086 0.0699 0.0862 0.0659 0.0659 0.0460 -342.06
EBITDA, bln $
-0.0608 0.037 0.047 0.015 0.033 0.048 0.0848 0.0995 0.0823 0.0823 0.0695 20.05
OIBDA $
0.0144 0.026 0.0972 0.1136 0.1057 0.1057 0.0714 48.98
Book value, bln $
0.1584 0.1478 0.1687 0.1571 0.1665 0.1879 0.2623 0.3406 0.3606 0.3606 0.2636 16.71
FCF, bln $
0.03 0.018 -0.001 0.015 0.041 -0.005 0.0314 0.0962 0.06 0.06 0.0447 7.91
Operating Cash Flow, bln $
0.0386 0.0241 0.0101 0.0245 0.0461 0.0046 0.0403 0.1083 0.0741 0.0741 0.0547 9.96
Operating profit, bln $
0.029 0.017 0.03 0.008 0.017 0.026 0.0651 0.088 0.0643 0.0643 0.0521 30.48
Operating expenses, bln $
0.071 0.0851 0.0799 0.103 0.1023 0.1085 0.1126 0.1279 0.1381 0.1381 0.1179 6.19
CAPEX, bln $
0.008 0.006 0.012 0.01 0.005 0.009 0.0088 0.0121 0.0141 0.0141 0.0098 23.04


Balance sheet

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM Average for 5 years CAGR 5
Cash, bln $
0.0734 0.0694 0.0539 0.0723 0.0849 0.0618 0.0703 0.0894 0.0683 0.0683 0.0749 -4.26
Short-Term Investments $
0.0033 0.0177 0 0.0017 0.0057 0 0 0.0375 0.00095 0.00095 0.0127 -44.29
Long-Term Investments $
0.0103 0.0103 0.00
Accounts Receivable $
0.0744 0.0788 0.1077 0.0755 0.0714 0.0871 0.1255 0.0969 0.1164 0.1164 0.0995 10.27
Total Current Assets $
0.2554 0.2661 0.2905 0.2834 0.2802 0.329 0.3814 0.3815 0.3735 0.3735 0.3491 5.92
Net assets, bln $
0.0576 0.0488 0.158 0.1765 0.1681 0.1858 0.2087 0.0368 0.2781 0.0368 0.1755 10.59
Assets, bln $
0.4267 0.4313 0.4435 0.4689 0.4539 0.5118 0.5605 0.5716 0.9498 0.9498 0.6095 15.91
Short-Term Debt $
0.0114 0.0026 0.0025 0.0129 0.0119 0.0069 0.0063 0.0064 0.008 0.008 0.0079 -7.63
Long-Term Debt $
0.1299 0.1201 0.1117 0.1382 0.1103 0.1125 0.095 0.06 0.2925 0.2925 0.1341 21.54
Liabilities, bln $
0.2683 0.2733 0.2671 0.3009 0.2681 0.3031 0.2981 0.2311 0.5086 0.5086 0.3218 13.66
Net debt, bln $
0.0678 0.0533 0.0603 0.0788 0.0372 0.0723 0.0463 -0.0068 0.25 0.25 0.0798 46.38
Debt, bln $
0.1412 0.1227 0.1142 0.1437 0.1156 0.134 0.1166 0.0826 0.3182 0.3182 0.1534 22.45
Interest Income $
0.0029 0.000622 0.000107 0.0053 0.0054 0.0029 13.24
Interest Expense, bln $
0.0067 0.0068 0.0053 0.0054 0.0047 0.0035 0.0034 0.0029 0.0041 0.0041 0.0037 -2.69
Net interest income, bln $
-0.006 0.000107 0.0053 0.0054 -0.0047 -0.0035 -0.0034 -0.0029 -0.0018 -188.31
Goodwill $
0.1176 0.1216 0.018 0.0202 0.0198 0.022 0.024 0.0267 0.0251 0.0266 0.0249 3.87
Amortization, bln $
0.0218 0.0207 0.0182 0.0165 0.0164 0.0169 0.0149 0.0133 0.0165 0.0165 0.0156 0.12
Cost of production, bln $
0.4002 0.3896 0.4384 0.3817 0.346 0.4091 0.4708 0.424 0.3324 0.3324 0.3965 -0.80
Inventory $
0.0989 0.1077 0.1201 0.1073 0.1001 0.1394 0.1725 0.1365 0.1614 0.1614 0.1420 10.03


Share

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Average for 5 years CAGR 5
EPS -5.48 -0.99 1.73 -0.71 1.05 2.02 3.69 5.78 3.26 3.26 3.16 25.43
Share price 30.9 25.18 18.42 20.5 15.03 35.52 66.77 82.47 134.58 134.58 66.87 55.03
Number of shares, mln 11.98 12.04 12.11 12 12 12 14.27 12.78 12.55 12.55 12.72 0.90
FCF/share 2.54 1.47 -0.1236 1.19 3.3 -0.3865 2.2 7.53 4.78 4.78 3.48 7.69


Efficiency

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Industry average Average for 5 years CAGR 5
ROE, % -33.12 -7.52 12.38 -5.08 7.23 12.58 22.37 24.49 11.68 11.68 37.18 15.67 10.07
ROA, % -12.79 -2.77 4.73 -1.92 2.77 5.14 9.83 13.04 5.38 5.38 15.00 7.23 14.20
ROIC, % 4.86 -16.69 -2.72 8.88 -1.53 5.03 8.51 14.83 18.26 8.93 28.12 9.02 -264.20
ROS, % 3.35 5.28 -0.38 3.62 5.68 8.05 11.54 7.66 7.66 7.66 22.00 8.12 6.16
ROCE, % -2.32 8.57 -2.92 -0.2165 2.16 16.49 18.69 8.02 14.93 8.02 43.13 12.06 47.20
EBIT margin -2.25 2.48 4.66 10.69 13.46 12.32 12.32 12.32 26.93 10.69 21.46
EBITDA margin 7.56 8.6 2.97 7.15 8.78 12.96 15.55 15.4 15.4 15.4 34.93 13.62 11.89
Net margin 5.8 3.4 5.4 1.6 3.7 4.8 8.05 11.54 7.66 7.66 22.00 7.15 15.67
Operational efficiency, % 3.45 5.44 1.57 3.74 5.75 9.96 13.75 12.02 12.02 12.02 25.67 10.70 15.89
Net interest margin, % 4.56 1.87 3.39 -12.96 -2.42 3.78 -1.78 2.75 4.57 4.69 26.15 1.38 -213.56
FCF yield, % 23 12.52 5.46 -0.5536 6.39 27.15 -2.54 11.38 16.11 3.55 11.70 20.31


Coefficients

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Industry average Average for 5 years CAGR 5
P/E
-5.48 24 10.72 172.4 62.5 7.8 8.95 11.54 25.09 25.09 52.62 23.18 -16.68
P/BV
2.3 1.7 1.3 1.5 1 0.8 1.8 2.5 2.33 2.33 13.36 1.69 18.43
P/S
0.7 0.6 0.4 0.5 0.4 0.3 0.7208 1.33 1.92 1.92 9.67 0.9342 36.85
P/FCF
16.52 -144.71 16.83 4.53 -33.97 8.79 19.68 6.42 10.31 28.17 51.22 2.25 -178.78
E/P
-0.0367 0.0766 -0.0384 0.0855 0.1323 0.1907 0.1236 0.1195 0.0663 0.0243 0.03 0.1265 -12.91
EV/EBIT
-32.48 22.2 10.06 7.41 9.81 19.39 19.32 19.39 50.56 13.20 13.94
EV/EBITDA
-6.96 9.59 5.99 21.68 6.68 4.85 6.11 8.5 15.52 15.52 35.46 8.33 18.36
EV/S
0.7673 0.6033 0.6211 0.4013 0.4513 0.7917 1.32 2.39 2.38 2.39 9.85 1.47 39.45
EV/FCF
21.32 -220.92 21.01 4.6 -51.48 16.48 8.78 21.31 21.23 21.31 75.69 3.26 -183.76
Debt/EBITDA
3.3 2.42 10.34 3.67 2.81 1.38 0.8303 3.86 3.8 3.86 2.91 2.54 6.22
Netdebt/Ebitda
1.76 1.44 8.59 1.3 1.3 0.5466 -0.0682 3.04 2.97 3.04 1.73 1.56 17.97
Debt/Ratio
0.63 0.6 0.64 0.59 0.59 0.2081 0.1445 0.335 0.3298 0.335 0.21 0.3215 -10.98
Debt/Equity
1.73 1.51 1.79 1.44 1.45 0.4445 0.2425 0.8825 1.15 0.8825 1.54 0.8339 -4.53
Debt/Net Income
-10.31 5.52 -17.28 9.55 4.81 2.21 1.12 7.77 7.65 7.77 2.50 4.71 9.72
PEG
-6.67 -6.67 35.92 -6.6700 0.00
Beta
1.7 2.49 2.57 0.3527 0.3527 0.83 1.78 -32.51
Altman Index
2.88 2.97 2.49 2.58 2.6 4.26 3.27 -0.626 1.59 1.59 8.90 2.22 -9.37


Dividends

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Industry average Average for 5 years CAGR 5
Div. payout, bln
0.0032 0.0033 0.0033 0.0034 0.0034 0.0034 0.0034 0.0035 0.0035 0.0034 0.0034 0.58
Dividend
0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.21 0.35 0.2660 -5.59
Dividend yield, %
1.11 1.52 1.37 1.86 2.17 0.7125 0.4194 0.3395 0.2081 0.3136 0.87 0.7699 -37.43
Dividends / profit, %
-5.01 26.7 15.91 234.3 116.7 16.9 6.48 4.73 8.43 8.43 40.54 30.65 -40.88
Dividend coverage ratio
3.79 7.27 15.09 21.38 12.05 12.05 4.48 11.92 26.03


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Other

2018 2019 2020 2021 2022 2023 2024 LTM CAGR 5
Total Debt
0.106 0.0902 0.0875 -6.19
CAPEX/Revenue, %
1.18 1.73 1.35 1.9 2.64 2.64 17.47
Staff, people
6 300 7 000 5 260 -5.84