BEL FUSE INC-CL B (BELFB) Stock Fundamental Analysis
NASDAQ:BELFB - Nasdaq - US0773473006 - Common Stock - Currency: USD
Taking everything into account, BELFB scores 7 out of 10 in our fundamental rating. BELFB was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. BELFB scores excellent points on both the profitability and health parts. This is a solid base for a good stock. BELFB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
BELFB had positive earnings in the past year.
BELFB had a positive operating cash flow in the past year.
BELFB had positive earnings in 4 of the past 5 years.
BELFB had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.38%, BELFB belongs to the top of the industry, outperforming 89.17% of the companies in the same industry.
BELFB's Return On Equity of 14.92% is amongst the best of the industry. BELFB outperforms 82.50% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.49%, BELFB belongs to the top of the industry, outperforming 88.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BELFB is above the industry average of 8.95%.
The 3 year average ROIC (12.96%) for BELFB is below the current ROIC(13.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.38% | ||
| ROE | 14.92% | ||
| ROIC | 13.49% |
ROA(3y)9.05%
ROA(5y)5.63%
ROE(3y)17.88%
ROE(5y)11.07%
ROIC(3y)12.96%
ROIC(5y)8.9%
1.3 Margins
BELFB has a Profit Margin of 10.44%. This is amongst the best in the industry. BELFB outperforms 80.83% of its industry peers.
BELFB's Profit Margin has improved in the last couple of years.
The Operating Margin of BELFB (14.09%) is better than 88.33% of its industry peers.
BELFB's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 37.59%, BELFB is doing good in the industry, outperforming 65.83% of the companies in the same industry.
BELFB's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.09% | ||
| PM (TTM) | 10.44% | ||
| GM | 37.59% |
OM growth 3Y57.4%
OM growth 5Y24.41%
PM growth 3Y61.33%
PM growth 5Y25.03%
GM growth 3Y9.5%
GM growth 5Y5.83%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BELFB is still creating some value.
BELFB has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
BELFB has an Altman-Z score of 5.68. This indicates that BELFB is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 5.68, BELFB is doing good in the industry, outperforming 80.00% of the companies in the same industry.
The Debt to FCF ratio of BELFB is 0.73, which is an excellent value as it means it would take BELFB, only 0.73 years of fcf income to pay off all of its debts.
BELFB has a better Debt to FCF ratio (0.73) than 80.00% of its industry peers.
BELFB has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
BELFB has a Debt to Equity ratio (0.16) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 0.73 | ||
| Altman-Z | 5.68 |
ROIC/WACC1.53
WACC8.8%
2.3 Liquidity
BELFB has a Current Ratio of 4.00. This indicates that BELFB is financially healthy and has no problem in meeting its short term obligations.
BELFB's Current ratio of 4.00 is fine compared to the rest of the industry. BELFB outperforms 70.83% of its industry peers.
A Quick Ratio of 2.71 indicates that BELFB has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.71, BELFB is doing good in the industry, outperforming 67.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4 | ||
| Quick Ratio | 2.71 |
3. Growth
3.1 Past
The earnings per share for BELFB have decreased strongly by -42.52% in the last year.
Measured over the past years, BELFB shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.10% on average per year.
EPS 1Y (TTM)-42.52%
EPS 3Y31.1%
EPS 5YN/A
EPS Q2Q%-110.22%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%7.04%
3.2 Future
The Earnings Per Share is expected to grow by 32.91% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 17.38% on average over the next years. This is quite good.
EPS Next Y22.75%
EPS Next 2Y32.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.77%
Revenue Next 2Y17.38%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.58, BELFB is valued on the expensive side.
72.50% of the companies in the same industry are more expensive than BELFB, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 29.63, BELFB is valued a bit cheaper.
The Price/Forward Earnings ratio is 19.21, which indicates a rather expensive current valuation of BELFB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BELFB indicates a somewhat cheap valuation: BELFB is cheaper than 74.17% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, BELFB is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.58 | ||
| Fwd PE | 19.21 |
4.2 Price Multiples
78.33% of the companies in the same industry are more expensive than BELFB, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, BELFB is valued cheaply inside the industry as 85.83% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.13 | ||
| EV/EBITDA | 10.53 |
4.3 Compensation for Growth
The 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 32.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.04
PEG (5Y)N/A
EPS Next 2Y32.91%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.29%, BELFB is not a good candidate for dividend investing.
BELFB's Dividend Yield is rather good when compared to the industry average which is at 1.92. BELFB pays more dividend than 81.67% of the companies in the same industry.
With a Dividend Yield of 0.29, BELFB pays less dividend than the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.29% |
5.2 History
The dividend of BELFB has a limited annual growth rate of 0.12%.
BELFB has paid a dividend for at least 10 years, which is 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)0.12%
Div Incr Years0
Div Non Decr Years25
5.3 Sustainability
6.37% of the earnings are spent on dividend by BELFB. This is a low number and sustainable payout ratio.
BELFB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP6.37%
EPS Next 2Y32.91%
EPS Next 3YN/A
86.07
+1.56 (+1.85%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners47.77%
Inst Owner Change3.11%
Ins Owners24.51%
Ins Owner Change3.97%
Market Cap1.08B
Analysts84.44
Price TargetN/A
Short Float %20.37%
Short Ratio4.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.29% |
Yearly Dividend0.27
Dividend Growth(5Y)0.12%
DP6.37%
Div Incr Years0
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)44.16%
Min EPS beat(2)16.36%
Max EPS beat(2)71.95%
EPS beat(4)3
Avg EPS beat(4)27.17%
Min EPS beat(4)-3.83%
Max EPS beat(4)71.95%
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)1
Avg Revenue beat(2)0.12%
Min Revenue beat(2)-0.8%
Max Revenue beat(2)1.04%
Revenue beat(4)1
Avg Revenue beat(4)-3.12%
Min Revenue beat(4)-9.68%
Max Revenue beat(4)1.04%
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)-23.15%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.58 | ||
| Fwd PE | 19.21 | ||
| P/S | 2.06 | ||
| P/FCF | 13.13 | ||
| P/OCF | 11.66 | ||
| P/B | 2.94 | ||
| P/tB | 3.67 | ||
| EV/EBITDA | 10.53 |
EPS(TTM)3.65
EY4.24%
EPS(NY)4.48
Fwd EY5.21%
FCF(TTM)6.56
FCFY7.62%
OCF(TTM)7.38
OCFY8.58%
SpS41.83
BVpS29.27
TBVpS23.47
PEG (NY)1.04
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.38% | ||
| ROE | 14.92% | ||
| ROCE | 15.18% | ||
| ROIC | 13.49% | ||
| ROICexc | 20.32% | ||
| ROICexgc | 26.21% | ||
| OM | 14.09% | ||
| PM (TTM) | 10.44% | ||
| GM | 37.59% | ||
| FCFM | 15.67% |
ROA(3y)9.05%
ROA(5y)5.63%
ROE(3y)17.88%
ROE(5y)11.07%
ROIC(3y)12.96%
ROIC(5y)8.9%
ROICexc(3y)15.76%
ROICexc(5y)10.9%
ROICexgc(3y)20.21%
ROICexgc(5y)14.25%
ROCE(3y)14.58%
ROCE(5y)10.02%
ROICexcg growth 3Y51.44%
ROICexcg growth 5Y18.8%
ROICexc growth 3Y59.49%
ROICexc growth 5Y21.56%
OM growth 3Y57.4%
OM growth 5Y24.41%
PM growth 3Y61.33%
PM growth 5Y25.03%
GM growth 3Y9.5%
GM growth 5Y5.83%
F-Score7
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 0.73 | ||
| Debt/EBITDA | 0.68 | ||
| Cap/Depr | 73.5% | ||
| Cap/Sales | 1.98% | ||
| Interest Coverage | 18.5 | ||
| Cash Conversion | 105.15% | ||
| Profit Quality | 150.13% | ||
| Current Ratio | 4 | ||
| Quick Ratio | 2.71 | ||
| Altman-Z | 5.68 |
F-Score7
WACC8.8%
ROIC/WACC1.53
Cap/Depr(3y)68.76%
Cap/Depr(5y)59.94%
Cap/Sales(3y)1.66%
Cap/Sales(5y)1.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-42.52%
EPS 3Y31.1%
EPS 5YN/A
EPS Q2Q%-110.22%
EPS Next Y22.75%
EPS Next 2Y32.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%7.04%
Revenue Next Year0.77%
Revenue Next 2Y17.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-17.97%
EBIT growth 3Y74.97%
EBIT growth 5Y28.32%
EBIT Next Year-1.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y320.8%
FCF growth 3Y33.29%
FCF growth 5YN/A
OCF growth 1Y204.63%
OCF growth 3Y32.95%
OCF growth 5Y60.73%