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Bel Fuse Inc
(NASDAQ:BELFB)
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Rating:67Neutral
Price Target:
$216.00
â–¼(-15.33% Downside)
Action:Reiterated
Date:07/30/26
The score is driven primarily by solid underlying financial performance and a strong, upbeat earnings call with positive guidance and a strengthened balance sheet. These positives are tempered by weak near-term technical trend signals and a high P/E valuation, partially offset by the high dividend yield.
Positive Factors
Broad revenue growth
Strong growth across multiple end markets indicates expanding demand rather than reliance on one product line. Continued bookings above sales support future revenue visibility, while broader scale can improve operating leverage and strengthen Bel Fuse’s position with OEM and EMS customers.
Negative Factors
Margin and input-cost pressure
Foreign-exchange and material-cost exposure can limit the durability of margin expansion, particularly when pricing actions lag cost inflation. Even with healthy reported margins, continued input volatility could pressure profitability, product economics, and earnings consistency over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad revenue growth
Strong growth across multiple end markets indicates expanding demand rather than reliance on one product line. Continued bookings above sales support future revenue visibility, while broader scale can improve operating leverage and strengthen Bel Fuse’s position with OEM and EMS customers.
Read all positive factors
Bel Fuse Inc Key Performance Indicators (KPIs)
Bel Fuse Inc (BELFB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.80B
Dividend Yield0.14%
Average Volume (3M)158.21K
Price to Earnings (P/E)49.9
Beta (1Y)1.54
Revenue Growth25.26%
EPS Growth-4.61%
CountryUS
Employees4,964
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)4.00
Shares Outstanding12,324,187
10 Day Avg. Volume170,565
30 Day Avg. Volume158,214
Financial Highlights & Ratios
PEG Ratio0.86
Price to Book (P/B)4.99
Price to Sales (P/S)3.15
P/FCF Ratio31.28
Enterprise Value/Market Cap1.55
Enterprise Value/Revenue5.81
Enterprise Value/Gross Profit14.71
Enterprise Value/Ebitda33.31
Forecast
1Y Price Target
$321.83Price Target Upside26.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)9.86
Revenue Forecast (FY)$810.71M
Bel Fuse Inc Business Overview & Revenue Model
Company Description
Bel Fuse Inc. specializes in creating cutting-edge power management, circuit protection, and interconnect solutions. These critical components are essential for advancing modern industrial operations and driving innovation in data-centric fields. ...
How the Company Makes Money
Bel Fuse makes money primarily by selling engineered electronic components and subassemblies to original equipment manufacturers (OEMs) and electronics manufacturing services (EMS) providers, with revenue recognized from product shipments under cu...
Bel Fuse Inc Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call conveys strong operational momentum: double-digit revenue growth, margin expansion, significant liquidity improvement and strategic wins (Slovakia certification and multiple defense wins, data solutions/HPC ramp). Offsetting risks include FX and material cost pressures, elevated working capital and near-term cash-conversion challenges, plus contingent Enercon-related payments. Management provided constructive near-term guidance and emphasized continued commercial investment and discipline on M&A.Positive Updates
Strong Top-Line Growth
Q2 revenue of $210.7M, up 25% year-over-year, marking the sixth consecutive quarter where bookings exceeded sales and broad-based growth across end markets.
Negative Updates
Foreign Exchange and Input Cost Headwinds
FX pressure (notably RMB and Israeli shekel) and higher material costs partially offset margin gains in Q2; management cited unfavorable FX impacts on ADRS and ITDS and said pricing recovery will be phased in over Q3–Q4.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth
Q2 revenue of $210.7M, up 25% year-over-year, marking the sixth consecutive quarter where bookings exceeded sales and broad-based growth across end markets.
Read all positive updates
Company Guidance
Management guided Q3 sales of $205–$225 million and gross margin of 39–41%, citing continued sequential growth led by defense, data solutions and stronger component demand through distribution; this follows Q2 results of $210.7M revenue, 39.9% gross margin, $48.9M adjusted EBITDA (23.2% margin), ADRS revenue $111M (+20.6%) including defense $66.5M (+28.4%), ITDS $100M (+31.1%) including data solutions $58M (+55% / +$20.7M), and highlights of a $306.1M cash balance (vs. $57.8M at 12/31) after a ~1.7M share equity raise that generated ~$440M net proceeds and full debt repayment of $197.5M; management said pricing actions taken earlier in 2026 should begin to help in Q3/Q4, FX headwinds have stabilized, H1 capex was $4.9M with slightly higher CapEx expected in H2, SG&A is expected to run ~$34–35M/quarter, working capital was deliberately built (A/R +$32M, inventory +$32M, A/P +$33M), book-to-bill has exceeded 1 for six consecutive quarters, and recent Slovakia A&D certification plus eight European defense wins are expected to monetize in the latter part of 2027.Bel Fuse Inc Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 744.09M | 675.46M | 534.79M | 639.81M | 654.23M | 543.49M |
| Gross Profit | 294.08M | 264.42M | 202.36M | 215.85M | 183.45M | 134.38M |
| EBITDA | 129.89M | 136.39M | 82.34M | 99.46M | 77.30M | 47.73M |
| Net Income | 60.40M | 61.54M | 40.96M | 73.83M | 52.69M | 24.82M |
Balance Sheet | ||||||
| Total Assets | 1.26B | 935.20M | 949.79M | 571.63M | 560.47M | 511.85M |
| Cash, Cash Equivalents and Short-Term Investments | 306.11M | 57.80M | 69.20M | 126.92M | 70.27M | 61.76M |
| Total Debt | 34.26M | 221.40M | 318.21M | 82.10M | 118.67M | 134.05M |
| Total Liabilities | 252.21M | 416.53M | 508.63M | 231.07M | 298.12M | 303.10M |
| Stockholders Equity | 909.37M | 425.51M | 360.58M | 340.56M | 262.35M | 208.74M |
Cash Flow | ||||||
| Free Cash Flow | 73.34M | 67.93M | 59.96M | 96.22M | 31.43M | -4.76M |
| Operating Cash Flow | 83.51M | 79.93M | 74.06M | 108.35M | 40.26M | 4.63M |
| Investing Cash Flow | -21.68M | -3.25M | -297.89M | -53.53M | -7.00M | -18.88M |
| Financing Cash Flow | 181.96M | -93.47M | 206.26M | -38.60M | -21.26M | -8.40M |
Bel Fuse Inc Technical Analysis
Negative
255.11
Price Trends
244.10
Negative
263.39
Negative
247.56
Negative
Market Momentum
-11.94
Positive
30.60
Neutral
16.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BELFB, the sentiment is Negative. The current price of 255.11 is above the 20-day moving average (MA) of 233.50, above the 50-day MA of 244.10, and above the 200-day MA of 247.56, indicating a bearish trend. The MACD of -11.94 indicates Positive momentum. The RSI at 30.60 is Neutral, neither overbought nor oversold. The STOCH value of 16.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BELFB.
Bel Fuse Inc Risk Analysis
Bel Fuse Inc disclosed 29 risk factors in its most recent earnings report. Bel Fuse Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bel Fuse Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $182.70B | 35.28 | 37.21% | 0.67% | 54.17% | 59.57% | |
70 Outperform | $8.12B | 44.79 | 22.49% | 1.26% | 41.38% | 115.22% | |
67 Neutral | $2.80B | 49.88 | 10.97% | 0.14% | 25.26% | -4.61% | |
67 Neutral | $106.55B | 55.97 | 15.93% | 0.91% | 19.41% | 131.24% | |
65 Neutral | $8.92B | -901.00 | -0.32% | 0.87% | 15.44% | -108.08% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $432.02M | -11.67 | -5.46% | 1.65% | 1.36% | 32.69% |
* Technology Sector Average
BELFB
Bel Fuse Inc
199.51
43.81
28.14%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.