Bel Fuse (BELFA) AI Stock Analysis

• Market Cap: $869.91M
• Dividend Yield: 0.38%
• Average Volume (3M): 4.64K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 1.36
• Revenue Growth: -6.15%
• EPS Growth: -42.24%
• Country: US
• Employees: 5,370
• Sector: Technology
• Sector Strength: 65
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.35
• Shares Outstanding: 2,115,263
• 10 Day Avg. Volume: 4,035
• 30 Day Avg. Volume: 4,636
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 6.71
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $115.00
• Price Target Upside: 83.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Bel Fuse's overall stock score reflects its strong financial performance, highlighted by robust profitability and cash flow management. Positive earnings call results further support this score, though downward technical trends and moderate valuation metrics temper the outlook. Recent corporate events, including financial and leadership changes, add a layer of strategic potential and risk.

Bel Fuse Business Overview & Revenue Model

Company Description

Bel Fuse Inc. (BELFA) is a multinational manufacturer of products that power, protect, and connect electronic circuits. The company operates primarily in the electronics sector, providing a wide range of products including magnetic solutions, power solutions, and connectivity solutions. These products serve various industries such as telecommunications, networking, computing, military, aerospace, and transportation, catering to both original equipment manufacturers (OEMs) and contract manufacturers worldwide.

How the Company Makes Money

Bel Fuse Inc. makes money through the design, manufacture, and sale of its electronic products. The primary revenue streams include sales of its magnetic solutions, such as transformers and inductors; power solutions, including AC-DC and DC-DC power converters; and connectivity solutions like cable assemblies and connectors. The company leverages its extensive network of distributors and direct sales force to reach a global customer base. Significant partnerships with key players in sectors like telecommunications and data centers enhance their market presence. Additionally, Bel Fuse invests in research and development to innovate and maintain a competitive edge, further driving sales growth and profitability.

Bel Fuse Financial Statement Overview

Summary

Bel Fuse demonstrates solid financial health with strong profitability, a stable balance sheet, and effective cash management. While revenue growth has slowed and debt levels have increased, the company maintains a robust cash flow position. Continued focus on managing debt and sustaining growth can further strengthen its financial standing.

Income Statement

Bel Fuse has shown impressive revenue growth from 2020 to 2025. The TTM (Trailing-Twelve-Months) data indicates a gross profit margin of 38.1% and a net profit margin of 7.68%, suggesting strong profitability. While EBIT and EBITDA margins are healthy at 12.9% and 16.49% respectively, the revenue growth has slowed slightly in recent periods, which may indicate maturity in growth.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio of 0.67, indicating a balanced approach to leveraging. The return on equity is solid at 9.38%, showing efficient utilization of equity. The equity ratio of 48.68% points to a stable financial structure, though the increase in total debt over the years could be a potential risk if not managed well.

Cash Flow

Operating cash flow has been robust, with a TTM operating cash flow to net income ratio of 1.77. Free cash flow growth is positive, and the free cash flow to net income ratio of 1.45 demonstrates effective cash management. However, investing cash flows are significantly negative, which may require attention.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
534.79M	639.81M	654.23M	543.49M	465.77M
	Gross Profit
202.36M	215.85M	183.45M	134.38M	119.73M
	EBIT
64.30M	87.98M	65.15M	8.63M	-793.00K
	EBITDA
82.34M	99.46M	84.79M	42.19M	27.96M
	Net Income Common Stockholders
40.96M	73.83M	52.69M	24.82M	12.79M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
69.20M	126.92M	70.27M	61.76M	84.94M
	Total Assets
949.79M	571.63M	560.47M	511.85M	453.87M
	Total Debt
318.21M	82.59M	116.61M	134.05M	130.24M
	Net Debt
249.96M	-6.79M	46.35M	72.29M	45.30M
	Total Liabilities
508.63M	231.07M	298.12M	303.10M	268.07M
	Stockholders Equity
360.58M	340.56M	262.35M	208.74M	185.80M
Cash Flow		Free Cash Flow
59.96M	96.22M	31.43M	-4.76M	40.63M
	Operating Cash Flow
74.06M	108.35M	40.26M	4.63M	46.11M
	Investing Cash Flow
-297.89M	-53.53M	-7.00M	-18.88M	-1.51M
	Financing Cash Flow
206.26M	-38.60M	-21.26M	-8.40M	-32.14M

Bel Fuse Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 62.79
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BELFA, the sentiment is Negative. The current price of 62.79 is below the 20-day moving average (MA) of 64.45, below the 50-day MA of 70.43, and below the 200-day MA of 86.46, indicating a bearish trend. The MACD of -1.97 indicates Negative momentum. The RSI at 42.34 is Neutral, neither overbought nor oversold. The STOCH value of 44.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BELFA.

Bel Fuse Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTS	69 Neutral	$1.16B	19.72	11.39%	0.41%	-2.76%	16.64%
BELFA	68 Neutral	$869.91M	18.23	11.87%	0.38%	-6.15%	-42.24%
FARO	66 Neutral	$814.42M	―	-0.34%	―	-4.76%	97.93%
LYTS	66 Neutral	$463.18M	21.72	10.42%	1.29%	17.89%	-23.37%
VPG	62 Neutral	$325.07M	107.17	0.94%	―	-14.26%	-87.37%
Sector *	60 Neutral	$10.77B	10.41	-6.71%	2.99%	7.69%	-13.12%
MEI	45 Neutral	$227.35M	―	-11.90%	8.48%	-6.16%	-59.41%

Bel Fuse Corporate Events

Bel Fuse Expands Credit Facility to $400 Million

On May 2, 2025, Bel Fuse Inc. amended its Credit Agreement, increasing its revolving credit facility from $325 million to $400 million and extending the commitment period to September 1, 2028. This amendment includes a $75 million incremental extension of credit, with new commitments from Wells Fargo Bank and existing lenders, positioning the company to enhance its financial flexibility and support its operational and strategic initiatives.

Spark’s Take on BELFA Stock

According to Spark, TipRanks’ AI Analyst, BELFA is a Neutral.

Bel Fuse’s overall score reflects its strong financial performance and positive earnings call results, tempered by technical indicators signaling a bearish trend and modest valuation metrics. The CEO transition represents a strategic opportunity but also introduces management risk.

To see Spark’s full report on BELFA stock, click here.

Bel Fuse Revises Incentive Awards for 2024

On March 12, 2025, Bel Fuse’s Board of Directors approved incentive awards for fiscal year 2024, recognizing the management team’s significant achievements despite not meeting certain performance metrics. The Compensation Committee identified flaws in the 2024 Incentive Program, which led to adjustments in the metrics and a more holistic approach for future compensation plans, ensuring alignment with shareholder interests and rewarding management’s efforts. This decision reflects Bel Fuse’s commitment to refining its incentive structure to better measure and reward company and individual performance.

Bel Fuse Expands Equity Plan Post-Enercon Acquisition

Bel Fuse Inc. announced the adoption of an Israeli Appendix to its 2020 Equity Compensation Plan, following its acquisition of 80% of Enercon Technologies Ltd. in November 2024. This appendix aims to facilitate participation by Israeli employees and service providers in the plan, ensuring compliance with Israeli tax laws. Additionally, Bel reported its fourth quarter and full year 2024 financial results, highlighting net sales of $534.8 million for 2024, a decrease from the previous year. Despite a challenging environment, the company achieved a strong gross profit margin, supported by its acquisition of Enercon, which is set to enhance Bel’s market position in aerospace and defense. The company is optimistic about 2025, focusing on growth initiatives and organizational efficiency.