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BEL FUSE INC-CL A (BELFA) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:BELFA - US0773472016 - Common Stock

137.33 USD
+5.28 (+4%)
Last: 12/2/2025, 8:00:02 PM
Fundamental Rating

7

Overall BELFA gets a fundamental rating of 7 out of 10. We evaluated BELFA against 125 industry peers in the Electronic Equipment, Instruments & Components industry. BELFA scores excellent on profitability, but there are some minor concerns on its financial health. BELFA is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make BELFA a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

In the past year BELFA was profitable.
In the past year BELFA had a positive cash flow from operations.
Each year in the past 5 years BELFA has been profitable.
In the past 5 years BELFA always reported a positive cash flow from operatings.
BELFA Yearly Net Income VS EBIT VS OCF VS FCFBELFA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

Looking at the Return On Assets, with a value of 6.84%, BELFA belongs to the top of the industry, outperforming 81.60% of the companies in the same industry.
BELFA's Return On Equity of 15.24% is amongst the best of the industry. BELFA outperforms 84.00% of its industry peers.
With an excellent Return On Invested Capital value of 9.32%, BELFA belongs to the best of the industry, outperforming 80.80% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BELFA is above the industry average of 9.09%.
Industry RankSector Rank
ROA 6.84%
ROE 15.24%
ROIC 9.32%
ROA(3y)8.88%
ROA(5y)6.86%
ROE(3y)17.71%
ROE(5y)14.38%
ROIC(3y)13.11%
ROIC(5y)9.78%
BELFA Yearly ROA, ROE, ROICBELFA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

BELFA has a better Profit Margin (10.04%) than 83.20% of its industry peers.
BELFA's Profit Margin has improved in the last couple of years.
BELFA has a better Operating Margin (14.09%) than 86.40% of its industry peers.
BELFA's Operating Margin has improved in the last couple of years.
The Gross Margin of BELFA (38.69%) is better than 66.40% of its industry peers.
BELFA's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.09%
PM (TTM) 10.04%
GM 38.69%
OM growth 3Y44.92%
OM growth 5Y65.85%
PM growth 3Y18.84%
PM growth 5YN/A
GM growth 3Y15.23%
GM growth 5Y11.11%
BELFA Yearly Profit, Operating, Gross MarginsBELFA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

5

2. Health

2.1 Basic Checks

BELFA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
BELFA has less shares outstanding than it did 1 year ago.
BELFA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BELFA is higher compared to a year ago.
BELFA Yearly Shares OutstandingBELFA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
BELFA Yearly Total Debt VS Total AssetsBELFA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

An Altman-Z score of 3.92 indicates that BELFA is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.92, BELFA is in line with its industry, outperforming 60.00% of the companies in the same industry.
BELFA has a debt to FCF ratio of 5.07. This is a neutral value as BELFA would need 5.07 years to pay back of all of its debts.
BELFA's Debt to FCF ratio of 5.07 is fine compared to the rest of the industry. BELFA outperforms 62.40% of its industry peers.
BELFA has a Debt/Equity ratio of 0.53. This is a neutral value indicating BELFA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.53, BELFA is doing worse than 72.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 5.07
Altman-Z 3.92
ROIC/WACC1.07
WACC8.74%
BELFA Yearly LT Debt VS Equity VS FCFBELFA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 3.06 indicates that BELFA has no problem at all paying its short term obligations.
BELFA has a Current ratio of 3.06. This is in the better half of the industry: BELFA outperforms 64.80% of its industry peers.
A Quick Ratio of 1.75 indicates that BELFA should not have too much problems paying its short term obligations.
The Quick ratio of BELFA (1.75) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 3.06
Quick Ratio 1.75
BELFA Yearly Current Assets VS Current LiabilitesBELFA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 28.68% over the past year.
Measured over the past years, BELFA shows a very strong growth in Earnings Per Share. The EPS has been growing by 48.64% on average per year.
BELFA shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.70%.
BELFA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.67% yearly.
EPS 1Y (TTM)28.68%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%111.11%
Revenue 1Y (TTM)23.7%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%44.76%

3.2 Future

Based on estimates for the next years, BELFA will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.83% on average per year.
Based on estimates for the next years, BELFA will show a quite strong growth in Revenue. The Revenue will grow by 14.69% on average per year.
EPS Next Y28.92%
EPS Next 2Y16.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year30.5%
Revenue Next 2Y17.72%
Revenue Next 3Y14.69%
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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.
BELFA Yearly Revenue VS EstimatesBELFA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
BELFA Yearly EPS VS EstimatesBELFA Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2023 2024 2025 2026 2 4 6

6

4. Valuation

4.1 Price/Earnings Ratio

BELFA is valuated rather expensively with a Price/Earnings ratio of 20.68.
Based on the Price/Earnings ratio, BELFA is valued a bit cheaper than 75.20% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.15. BELFA is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 18.91, which indicates a rather expensive current valuation of BELFA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BELFA indicates a somewhat cheap valuation: BELFA is cheaper than 72.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BELFA to the average of the S&P500 Index (36.22), we can say BELFA is valued slightly cheaper.
Industry RankSector Rank
PE 20.68
Fwd PE 18.91
BELFA Price Earnings VS Forward Price EarningsBELFA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BELFA indicates a somewhat cheap valuation: BELFA is cheaper than 68.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BELFA is valued a bit cheaper than 66.40% of the companies in the same industry.
Industry RankSector Rank
P/FCF 38.98
EV/EBITDA 16.28
BELFA Per share dataBELFA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

BELFA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of BELFA may justify a higher PE ratio.
A more expensive valuation may be justified as BELFA's earnings are expected to grow with 16.83% in the coming years.
PEG (NY)0.72
PEG (5Y)N/A
EPS Next 2Y16.83%
EPS Next 3YN/A

6

5. Dividend

5.1 Amount

BELFA has a yearly dividend return of 0.19%, which is pretty low.
Compared to an average industry Dividend Yield of 2.38, BELFA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, BELFA's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.19%

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
BELFA Yearly Dividends per shareBELFA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

BELFA pays out 5.31% of its income as dividend. This is a sustainable payout ratio.
The dividend of BELFA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP5.31%
EPS Next 2Y16.83%
EPS Next 3YN/A
BELFA Yearly Income VS Free CF VS DividendBELFA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M
BELFA Dividend Payout.BELFA Dividend Payout, showing the Payout Ratio.BELFA Dividend Payout.PayoutRetained Earnings

BEL FUSE INC-CL A

NASDAQ:BELFA (12/2/2025, 8:00:02 PM)

137.33

+5.28 (+4%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-16 2026-02-16/amc
Inst Owners46.72%
Inst Owner Change0.84%
Ins Owners22.16%
Ins Owner ChangeN/A
Market Cap1.74B
Revenue(TTM)649.38M
Net Income(TTM)65.19M
Analysts84.44
Price TargetN/A
Short Float %1.15%
Short Ratio1.11
Dividend
Industry RankSector Rank
Dividend Yield 0.19%
Yearly Dividend0.27
Dividend Growth(5Y)0.04%
DP5.31%
Div Incr Years0
Div Non Decr Years21
Ex-Date01-15 2026-01-15 (0.06)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.66%
Min EPS beat(2)20.49%
Max EPS beat(2)24.82%
EPS beat(4)4
Avg EPS beat(4)37.43%
Min EPS beat(4)13.97%
Max EPS beat(4)90.44%
EPS beat(8)7
Avg EPS beat(8)32.3%
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)6.63%
Min Revenue beat(2)2.67%
Max Revenue beat(2)10.59%
Revenue beat(4)4
Avg Revenue beat(4)8.85%
Min Revenue beat(4)0.37%
Max Revenue beat(4)21.75%
Revenue beat(8)5
Avg Revenue beat(8)2.86%
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)9.43%
EPS NQ rev (3m)9.43%
EPS NY rev (1m)8.4%
EPS NY rev (3m)8.4%
Revenue NQ rev (1m)3.71%
Revenue NQ rev (3m)3.71%
Revenue NY rev (1m)1.04%
Revenue NY rev (3m)1.04%
Valuation
Industry RankSector Rank
PE 20.68
Fwd PE 18.91
P/S 2.68
P/FCF 38.98
P/OCF 29.28
P/B 4.06
P/tB N/A
EV/EBITDA 16.28
EPS(TTM)6.64
EY4.84%
EPS(NY)7.26
Fwd EY5.29%
FCF(TTM)3.52
FCFY2.57%
OCF(TTM)4.69
OCFY3.42%
SpS51.29
BVpS33.79
TBVpS-0.64
PEG (NY)0.72
PEG (5Y)N/A
Graham Number71.05
Profitability
Industry RankSector Rank
ROA 6.84%
ROE 15.24%
ROCE 11.08%
ROIC 9.32%
ROICexc 10.02%
ROICexgc 23.16%
OM 14.09%
PM (TTM) 10.04%
GM 38.69%
FCFM 6.87%
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%
ROICexgc growth 3Y33.85%
ROICexgc 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-Score3
Asset Turnover0.68
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 5.07
Debt/EBITDA 1.93
Cap/Depr 57.66%
Cap/Sales 2.28%
Interest Coverage 6.26
Cash Conversion 50.69%
Profit Quality 68.43%
Current Ratio 3.06
Quick Ratio 1.75
Altman-Z 3.92
F-Score3
WACC8.74%
ROIC/WACC1.07
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)28.68%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%111.11%
EPS Next Y28.92%
EPS Next 2Y16.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)23.7%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%44.76%
Revenue Next Year30.5%
Revenue Next 2Y17.72%
Revenue Next 3Y14.69%
Revenue Next 5YN/A
EBIT growth 1Y23.7%
EBIT growth 3Y44.14%
EBIT growth 5Y68.62%
EBIT Next Year108.9%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-47.36%
FCF growth 3YN/A
FCF growth 5Y32.72%
OCF growth 1Y-39.16%
OCF growth 3Y151.97%
OCF growth 5Y24.81%

BEL FUSE INC-CL A / BELFA FAQ

What is the fundamental rating for BELFA stock?

ChartMill assigns a fundamental rating of 7 / 10 to BELFA.


What is the valuation status of BEL FUSE INC-CL A (BELFA) stock?

ChartMill assigns a valuation rating of 6 / 10 to BEL FUSE INC-CL A (BELFA). This can be considered as Fairly Valued.


What is the profitability of BELFA stock?

BEL FUSE INC-CL A (BELFA) has a profitability rating of 9 / 10.


What is the valuation of BEL FUSE INC-CL A based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BEL FUSE INC-CL A (BELFA) is 20.68 and the Price/Book (PB) ratio is 4.06.


What is the expected EPS growth for BEL FUSE INC-CL A (BELFA) stock?

The Earnings per Share (EPS) of BEL FUSE INC-CL A (BELFA) is expected to grow by 28.92% in the next year.