BEL FUSE INC-CL A (BELFA) Stock Fundamental Analysis
NASDAQ:BELFA - Nasdaq - US0773472016 - Common Stock - Currency: USD
Overall BELFA gets a fundamental rating of 6 out of 10. We evaluated BELFA against 125 industry peers in the Electronic Equipment, Instruments & Components industry. While BELFA belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BELFA has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BELFA had positive earnings in the past year.
BELFA had a positive operating cash flow in the past year.
BELFA had positive earnings in each of the past 5 years.
Each year in the past 5 years BELFA had a positive operating cash flow.
1.2 Ratios
BELFA's Return On Assets of 4.57% is fine compared to the rest of the industry. BELFA outperforms 71.20% of its industry peers.
BELFA has a Return On Equity of 11.40%. This is amongst the best in the industry. BELFA outperforms 80.80% of its industry peers.
BELFA has a better Return On Invested Capital (7.34%) than 74.40% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BELFA is above the industry average of 9.38%.
The last Return On Invested Capital (7.34%) for BELFA is well below the 3 year average (13.11%), which needs to be investigated, but indicates that BELFA had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 11.4% | ||
| ROIC | 7.34% |
ROA(3y)8.88%
ROA(5y)6.86%
ROE(3y)17.71%
ROE(5y)14.38%
ROIC(3y)13.11%
ROIC(5y)9.78%
1.3 Margins
BELFA's Profit Margin of 7.69% is fine compared to the rest of the industry. BELFA outperforms 80.00% of its industry peers.
In the last couple of years the Profit Margin of BELFA has grown nicely.
BELFA has a Operating Margin of 12.94%. This is amongst the best in the industry. BELFA outperforms 85.60% of its industry peers.
In the last couple of years the Operating Margin of BELFA has grown nicely.
BELFA's Gross Margin of 38.13% is fine compared to the rest of the industry. BELFA outperforms 66.40% of its industry peers.
BELFA's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.94% | ||
| PM (TTM) | 7.69% | ||
| GM | 38.13% |
OM growth 3Y44.92%
OM growth 5Y65.85%
PM growth 3Y18.84%
PM growth 5YN/A
GM growth 3Y15.23%
GM growth 5Y11.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BELFA is creating some value.
BELFA has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BELFA has more shares outstanding
The debt/assets ratio for BELFA is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.93 indicates that BELFA is not a great score, but indicates only limited risk for bankruptcy at the moment.
BELFA has a Altman-Z score (2.93) which is comparable to the rest of the industry.
BELFA has a debt to FCF ratio of 4.59. This is a neutral value as BELFA would need 4.59 years to pay back of all of its debts.
BELFA's Debt to FCF ratio of 4.59 is fine compared to the rest of the industry. BELFA outperforms 63.20% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that BELFA is somewhat dependend on debt financing.
The Debt to Equity ratio of BELFA (0.76) is worse than 86.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.93 |
ROIC/WACC0.9
WACC8.18%
2.3 Liquidity
BELFA has a Current Ratio of 3.31. This indicates that BELFA is financially healthy and has no problem in meeting its short term obligations.
BELFA has a better Current ratio (3.31) than 68.00% of its industry peers.
BELFA has a Quick Ratio of 1.83. This is a normal value and indicates that BELFA is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.83, BELFA is in line with its industry, outperforming 55.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.31 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
The earnings per share for BELFA have decreased strongly by -12.74% in the last year.
The Earnings Per Share has been growing by 48.64% on average over the past years. This is a very strong growth
The Revenue has decreased by -6.16% in the past year.
BELFA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.67% yearly.
EPS 1Y (TTM)-12.74%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%7.14%
Revenue 1Y (TTM)-6.16%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%18.85%
3.2 Future
The Earnings Per Share is expected to grow by 9.56% on average over the next years. This is quite good.
BELFA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.58% yearly.
EPS Next Y6.99%
EPS Next 2Y9.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.67%
Revenue Next 2Y14.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.38, which indicates a correct valuation of BELFA.
Compared to the rest of the industry, the Price/Earnings ratio of BELFA indicates a rather cheap valuation: BELFA is cheaper than 87.20% of the companies listed in the same industry.
BELFA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.21.
A Price/Forward Earnings ratio of 13.87 indicates a correct valuation of BELFA.
88.80% of the companies in the same industry are more expensive than BELFA, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.70. BELFA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.38 | ||
| Fwd PE | 13.87 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BELFA is valued a bit cheaper than 70.40% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BELFA is valued cheaply inside the industry as 83.20% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.08 | ||
| EV/EBITDA | 14.77 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BELFA may justify a higher PE ratio.
PEG (NY)2.34
PEG (5Y)N/A
EPS Next 2Y9.56%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.28%, BELFA is not a good candidate for dividend investing.
BELFA's Dividend Yield is a higher than the industry average which is at 1.95.
With a Dividend Yield of 0.28, BELFA pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.28% |
5.2 History
The dividend of BELFA has a limited annual growth rate of 0.04%.
BELFA has been paying a dividend for at least 10 years, so it has a reliable track record.
BELFA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.04%
Div Incr Years0
Div Non Decr Years21
5.3 Sustainability
8.02% of the earnings are spent on dividend by BELFA. This is a low number and sustainable payout ratio.
BELFA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP8.02%
EPS Next 2Y9.56%
EPS Next 3YN/A
88.6
-1.25 (-1.39%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners49.15%
Inst Owner Change-3.51%
Ins Owners24.65%
Ins Owner ChangeN/A
Market Cap1.12B
Analysts84.44
Price TargetN/A
Short Float %1.9%
Short Ratio3.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.28% |
Yearly Dividend0.27
Dividend Growth(5Y)0.04%
DP8.02%
Div Incr Years0
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)52.21%
Min EPS beat(2)13.97%
Max EPS beat(2)90.44%
EPS beat(4)4
Avg EPS beat(4)48.18%
Min EPS beat(4)13.97%
Max EPS beat(4)90.44%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)11.06%
Min Revenue beat(2)0.37%
Max Revenue beat(2)21.75%
Revenue beat(4)3
Avg Revenue beat(4)5.59%
Min Revenue beat(4)-0.8%
Max Revenue beat(4)21.75%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.87%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.38 | ||
| Fwd PE | 13.87 | ||
| P/S | 2.01 | ||
| P/FCF | 18.08 | ||
| P/OCF | 14.76 | ||
| P/B | 2.98 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.77 |
EPS(TTM)5.41
EY6.11%
EPS(NY)6.39
Fwd EY7.21%
FCF(TTM)4.9
FCFY5.53%
OCF(TTM)6
OCFY6.78%
SpS44.12
BVpS29.75
TBVpS-4.7
PEG (NY)2.34
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 11.4% | ||
| ROCE | 8.72% | ||
| ROIC | 7.34% | ||
| ROICexc | 7.98% | ||
| ROICexgc | 18.67% | ||
| OM | 12.94% | ||
| PM (TTM) | 7.69% | ||
| GM | 38.13% | ||
| FCFM | 11.11% |
ROA(3y)8.88%
ROA(5y)6.86%
ROE(3y)17.71%
ROE(5y)14.38%
ROIC(3y)13.11%
ROIC(5y)9.78%
ROICexc(3y)15.67%
ROICexc(5y)11.77%
ROICexgc(3y)23.26%
ROICexgc(5y)17.27%
ROCE(3y)15.59%
ROCE(5y)11.63%
ROICexcg growth 3Y33.85%
ROICexcg growth 5Y56.02%
ROICexc growth 3Y10.39%
ROICexc growth 5Y40.88%
OM growth 3Y44.92%
OM growth 5Y65.85%
PM growth 3Y18.84%
PM growth 5YN/A
GM growth 3Y15.23%
GM growth 5Y11.11%
F-Score5
Asset Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 4.59 | ||
| Debt/EBITDA | 3.11 | ||
| Cap/Depr | 71.79% | ||
| Cap/Sales | 2.5% | ||
| Interest Coverage | 8.02 | ||
| Cash Conversion | 82.87% | ||
| Profit Quality | 144.53% | ||
| Current Ratio | 3.31 | ||
| Quick Ratio | 1.83 | ||
| Altman-Z | 2.93 |
F-Score5
WACC8.18%
ROIC/WACC0.9
Cap/Depr(3y)78.75%
Cap/Depr(5y)65.07%
Cap/Sales(3y)1.96%
Cap/Sales(5y)1.76%
Profit Quality(3y)112.12%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-12.74%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%7.14%
EPS Next Y6.99%
EPS Next 2Y9.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-6.16%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%18.85%
Revenue Next Year21.67%
Revenue Next 2Y14.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-15.3%
EBIT growth 3Y44.14%
EBIT growth 5Y68.62%
EBIT Next Year78.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y14.35%
FCF growth 3YN/A
FCF growth 5Y32.72%
OCF growth 1Y17.29%
OCF growth 3Y151.97%
OCF growth 5Y24.81%