BEL FUSE INC-CL B (BELFB) Stock Fundamental Analysis
NASDAQ:BELFB - Nasdaq - US0773473006 - Common Stock - Currency: USD
BELFB gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. BELFB scores excellent on profitability, but there are some minor concerns on its financial health. BELFB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BELFB was profitable.
In the past year BELFB had a positive cash flow from operations.
Each year in the past 5 years BELFB has been profitable.
BELFB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.57%, BELFB is doing good in the industry, outperforming 70.40% of the companies in the same industry.
BELFB has a Return On Equity of 11.40%. This is in the better half of the industry: BELFB outperforms 80.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.34%, BELFB is in the better half of the industry, outperforming 74.40% of the companies in the same industry.
BELFB had an Average Return On Invested Capital over the past 3 years of 13.11%. This is above the industry average of 9.16%.
The last Return On Invested Capital (7.34%) for BELFB is well below the 3 year average (13.11%), which needs to be investigated, but indicates that BELFB 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
BELFB has a Profit Margin of 7.69%. This is in the better half of the industry: BELFB outperforms 79.20% of its industry peers.
BELFB's Profit Margin has improved in the last couple of years.
BELFB has a better Operating Margin (12.94%) than 84.80% of its industry peers.
In the last couple of years the Operating Margin of BELFB has grown nicely.
BELFB's Gross Margin of 38.13% is fine compared to the rest of the industry. BELFB outperforms 65.60% of its industry peers.
BELFB'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), BELFB is creating some value.
BELFB has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BELFB has more shares outstanding
The debt/assets ratio for BELFB is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.09 indicates that BELFB is not in any danger for bankruptcy at the moment.
BELFB has a Altman-Z score of 3.09. This is comparable to the rest of the industry: BELFB outperforms 51.20% of its industry peers.
The Debt to FCF ratio of BELFB is 4.59, which is a neutral value as it means it would take BELFB, 4.59 years of fcf income to pay off all of its debts.
BELFB has a better Debt to FCF ratio (4.59) than 62.40% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that BELFB is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.76, BELFB is not doing good in the industry: 87.20% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 3.09 |
ROIC/WACC0.8
WACC9.21%
2.3 Liquidity
BELFB has a Current Ratio of 3.31. This indicates that BELFB is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 3.31, BELFB is doing good in the industry, outperforming 67.20% of the companies in the same industry.
BELFB has a Quick Ratio of 1.83. This is a normal value and indicates that BELFB is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.83, BELFB perfoms like the industry average, outperforming 54.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.31 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
BELFB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.74%.
BELFB shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 48.64% yearly.
The Revenue has decreased by -6.16% in the past year.
Measured over the past years, BELFB shows a small growth in Revenue. The Revenue has been growing by 1.67% on average per year.
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 9.61% on average over the next years. This is quite good.
Based on estimates for the next years, BELFB will show a quite strong growth in Revenue. The Revenue will grow by 14.58% on average per year.
EPS Next Y6.99%
EPS Next 2Y9.61%
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 18.16, BELFB is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of BELFB indicates a rather cheap valuation: BELFB is cheaper than 82.40% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.19. BELFB is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 15.37, which indicates a correct valuation of BELFB.
Based on the Price/Forward Earnings ratio, BELFB is valued cheaper than 82.40% of the companies in the same industry.
BELFB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.16 | ||
| Fwd PE | 15.37 |
4.2 Price Multiples
BELFB's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BELFB is cheaper than 65.60% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BELFB is valued a bit cheaper than 78.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.05 | ||
| EV/EBITDA | 16.4 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BELFB does not grow enough to justify the current Price/Earnings ratio.
BELFB has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.6
PEG (5Y)N/A
EPS Next 2Y9.61%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BELFB has a yearly dividend return of 0.26%, which is pretty low.
Compared to an average industry Dividend Yield of 1.83, BELFB pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.26, BELFB pays less dividend than the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.26% |
5.2 History
The dividend of BELFB has a limited annual growth rate of 0.04%.
BELFB has been paying a dividend for at least 10 years, so it has a reliable track record.
BELFB 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 Years25
5.3 Sustainability
BELFB pays out 8.02% of its income as dividend. This is a sustainable payout ratio.
The dividend of BELFB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP8.02%
EPS Next 2Y9.61%
EPS Next 3YN/A
98.24
-3.42 (-3.36%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners49.15%
Inst Owner Change0%
Ins Owners24.65%
Ins Owner Change6.12%
Market Cap1.24B
Analysts84.44
Price TargetN/A
Short Float %41.35%
Short Ratio5.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.26% |
Yearly Dividend0.27
Dividend Growth(5Y)0.04%
DP8.02%
Div Incr Years0
Div Non Decr Years25
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 | 18.16 | ||
| Fwd PE | 15.37 | ||
| P/S | 2.23 | ||
| P/FCF | 20.05 | ||
| P/OCF | 16.36 | ||
| P/B | 3.3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.4 |
EPS(TTM)5.41
EY5.51%
EPS(NY)6.39
Fwd EY6.51%
FCF(TTM)4.9
FCFY4.99%
OCF(TTM)6
OCFY6.11%
SpS44.12
BVpS29.75
TBVpS-4.7
PEG (NY)2.6
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 | 3.09 |
F-Score5
WACC9.21%
ROIC/WACC0.8
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 2Y9.61%
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%