BEL FUSE INC-CL B (BELFB) Stock Fundamental Analysis
USA - NASDAQ:BELFB - US0773473006 - Common Stock
146.11 USD
-2.77 (-1.86%)
146.11 USD
0 (0%)
Taking everything into account, BELFB scores 6 out of 10 in our fundamental rating. BELFB was compared to 123 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BELFB had positive earnings in the past year.
In the past year BELFB had a positive cash flow from operations.
BELFB had positive earnings in each of the past 5 years.
BELFB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BELFB has a better Return On Assets (5.37%) than 75.00% of its industry peers.
BELFB has a better Return On Equity (12.60%) than 81.45% of its industry peers.
BELFB's Return On Invested Capital of 7.65% is fine compared to the rest of the industry. BELFB outperforms 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BELFB is above the industry average of 9.32%.
The 3 year average ROIC (13.11%) for BELFB is well above the current ROIC(7.65%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 12.6% | ||
| ROIC | 7.65% |
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
With a decent Profit Margin value of 8.59%, BELFB is doing good in the industry, outperforming 76.61% of the companies in the same industry.
BELFB's Profit Margin has improved in the last couple of years.
BELFB has a Operating Margin of 12.65%. This is amongst the best in the industry. BELFB outperforms 81.45% of its industry peers.
In the last couple of years the Operating Margin of BELFB has grown nicely.
With a decent Gross Margin value of 37.84%, BELFB is doing good in the industry, outperforming 63.71% of the companies in the same industry.
BELFB's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.65% | ||
| PM (TTM) | 8.59% | ||
| GM | 37.84% |
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.
The number of shares outstanding for BELFB has been reduced compared to 1 year ago.
The number of shares outstanding for BELFB has been increased compared to 5 years ago.
The debt/assets ratio for BELFB is higher compared to a year ago.
2.2 Solvency
BELFB has an Altman-Z score of 3.81. This indicates that BELFB is financially healthy and has little risk of bankruptcy at the moment.
BELFB has a Altman-Z score of 3.81. This is comparable to the rest of the industry: BELFB outperforms 57.26% of its industry peers.
The Debt to FCF ratio of BELFB is 5.27, which is a neutral value as it means it would take BELFB, 5.27 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 5.27, BELFB is doing good in the industry, outperforming 60.48% of the companies in the same industry.
A Debt/Equity ratio of 0.63 indicates that BELFB is somewhat dependend on debt financing.
The Debt to Equity ratio of BELFB (0.63) is worse than 79.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.27 | ||
| Altman-Z | 3.81 |
ROIC/WACC0.86
WACC8.89%
2.3 Liquidity
BELFB has a Current Ratio of 3.05. This indicates that BELFB is financially healthy and has no problem in meeting its short term obligations.
BELFB has a better Current ratio (3.05) than 63.71% of its industry peers.
A Quick Ratio of 1.72 indicates that BELFB should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.72, BELFB is in line with its industry, outperforming 53.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
The earnings per share for BELFB have decreased by -5.30% in the last year.
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 been growing slightly by 6.08% in the past year.
BELFB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.67% yearly.
EPS 1Y (TTM)-5.3%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%8.44%
Revenue 1Y (TTM)6.08%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%26.35%
3.2 Future
Based on estimates for the next years, BELFB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.67% on average per year.
Based on estimates for the next years, BELFB will show a quite strong growth in Revenue. The Revenue will grow by 14.69% on average per year.
EPS Next Y18.93%
EPS Next 2Y12.67%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year29.16%
Revenue Next 2Y16.77%
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.
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 26.37, BELFB can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of BELFB indicates a somewhat cheap valuation: BELFB is cheaper than 67.74% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.40. BELFB is around the same levels.
The Price/Forward Earnings ratio is 21.63, which indicates a rather expensive current valuation of BELFB.
BELFB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BELFB is cheaper than 68.55% of the companies in the same industry.
BELFB is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.37 | ||
| Fwd PE | 21.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BELFB is valued a bit cheaper than the industry average as 61.29% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BELFB indicates a somewhat cheap valuation: BELFB is cheaper than 67.74% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.51 | ||
| EV/EBITDA | 20.91 |
4.3 Compensation for Growth
BELFB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of BELFB may justify a higher PE ratio.
BELFB's earnings are expected to grow with 12.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.39
PEG (5Y)N/A
EPS Next 2Y12.67%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.19%, BELFB is not a good candidate for dividend investing.
BELFB's Dividend Yield is a higher than the industry average which is at 2.06.
With a Dividend Yield of 0.19, BELFB pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.04%
Div Incr Years0
Div Non Decr Years25
5.3 Sustainability
BELFB pays out 6.74% 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.
DP6.74%
EPS Next 2Y12.67%
EPS Next 3YN/A
146.11
-2.77 (-1.86%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners46.72%
Inst Owner Change-0.01%
Ins Owners22.16%
Ins Owner Change-1.81%
Market Cap1.85B
Analysts84.44
Price TargetN/A
Short Float %21.9%
Short Ratio2.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
Yearly Dividend0.27
Dividend Growth(5Y)0.04%
DP6.74%
Div Incr Years0
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.39%
Min EPS beat(2)13.97%
Max EPS beat(2)24.82%
EPS beat(4)4
Avg EPS beat(4)36.4%
Min EPS beat(4)13.97%
Max EPS beat(4)90.44%
EPS beat(8)7
Avg EPS beat(8)33.29%
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)5.48%
Min Revenue beat(2)0.37%
Max Revenue beat(2)10.59%
Revenue beat(4)3
Avg Revenue beat(4)7.98%
Min Revenue beat(4)-0.8%
Max Revenue beat(4)21.75%
Revenue beat(8)4
Avg Revenue beat(8)2.18%
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)23.64%
EPS NY rev (1m)0%
EPS NY rev (3m)11.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)10.62%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.37 | ||
| Fwd PE | 21.63 | ||
| P/S | 3.11 | ||
| P/FCF | 38.51 | ||
| P/OCF | 28.64 | ||
| P/B | 4.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.91 |
EPS(TTM)5.54
EY3.79%
EPS(NY)6.75
Fwd EY4.62%
FCF(TTM)3.79
FCFY2.6%
OCF(TTM)5.1
OCFY3.49%
SpS46.92
BVpS31.97
TBVpS-2.49
PEG (NY)1.39
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 12.6% | ||
| ROCE | 9.09% | ||
| ROIC | 7.65% | ||
| ROICexc | 8.24% | ||
| ROICexgc | 19.1% | ||
| OM | 12.65% | ||
| PM (TTM) | 8.59% | ||
| GM | 37.84% | ||
| FCFM | 8.09% |
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 Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.27 | ||
| Debt/EBITDA | 2.59 | ||
| Cap/Depr | 73.16% | ||
| Cap/Sales | 2.79% | ||
| Interest Coverage | 6.26 | ||
| Cash Conversion | 66.07% | ||
| Profit Quality | 94.16% | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 1.72 | ||
| Altman-Z | 3.81 |
F-Score5
WACC8.89%
ROIC/WACC0.86
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)-5.3%
EPS 3Y48.64%
EPS 5YN/A
EPS Q2Q%8.44%
EPS Next Y18.93%
EPS Next 2Y12.67%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.08%
Revenue growth 3Y-0.54%
Revenue growth 5Y1.67%
Sales Q2Q%26.35%
Revenue Next Year29.16%
Revenue Next 2Y16.77%
Revenue Next 3Y14.69%
Revenue Next 5YN/A
EBIT growth 1Y-13.5%
EBIT growth 3Y44.14%
EBIT growth 5Y68.62%
EBIT Next Year108.9%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-16.33%
FCF growth 3YN/A
FCF growth 5Y32.72%
OCF growth 1Y-7.43%
OCF growth 3Y151.97%
OCF growth 5Y24.81%