Bel Fuse Inc
BELFB—
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Bel Fuse Inc AI Insights
Informational only. Not investment advice.Snapshot
- EPS growth 154% (1yr) and 95% (5yr) vs industry median 13% - exceptional earnings momentum in electronic components[EPS Growth 1yr]
- Tangible book value is NEGATIVE (-8.1M) with goodwill at 50% of equity (214.6M) - asset quality concern[Tangible Book Value]
- Operating margin 14.4% TTM vs industry median 2.4% - 6x profitability advantage despite mid-cap scale[Operating Margin TTM]
Watch Triggers
- Inventory: Rises above 170M or inventory days increase >10% — Current 166M (26% of revenue) signals demand; buildup indicates slowdown
- Operating Margin TTM: Falls below 12% — Premium valuation depends on margin advantage; compression invalidates thesis
- Goodwill: Any impairment charge or acquisition announcement — At 50% of equity, impairment would materially impact book value
Bull Case
ROE 16.4% and ROIC 11.6% TTM with debt/equity 0.58 - capital-efficient compounder generating 10% net margins
ROE TTMROIC TTMNet Margin TTM
FCF 44.6M TTM (6.9% yield on EV) with low capex (2.3% of revenue) funds debt paydown and dividends
Free Cash Flow TTMCapital Expenditure TTM
Bear Case
P/E 42.8x vs industry median 34x with P/S 3.9x vs 3.0x - premium valuation requires continued execution
PE RatioPS Ratio
Goodwill 214.6M (50% of equity) creates impairment risk; tangible book negative at -8.1M
GoodwillTangible Book Value
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
Margin expansion likely to moderate as EPS growth (154%) vastly exceeds revenue scale
1-3ymed
- Revenue 649M near industry median 422M - limited scale advantage
- R&D at 4.6% of revenue below industry leaders
- Inventory 166M (26% of revenue) suggests demand normalization
Operating margin 14.4% vs 2.4% median - hard to expand furtherFCF 44.6M TTM down from prior periods implied by cash positionWorking capital 261M tied up in operations
Valuation Context
Caveats
BELFB Fundamentals
Manufacturing → Computer and Electronic Product Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$3.31B | — | ||
$3.48B | — | ||
63 | — | ||
$701.71M | +25.5% | — | |
$4.15 | +50.2% | — | |
15.7% | +2.7% | — | |
7.84% | +0.2% | — | |
$74.44M | +19.9% | — | |
13.5% | +1.6% | — | |
Beta 5Y (Monthly) | unknown | — |
BELFB Dividend History
107 dividends
2026
$0.210007/15/26$0.0700
04/15/26$0.0700
01/15/26$0.0700
2025
$0.280010/15/25$0.0700
07/15/25$0.0700
04/15/25$0.0700
01/15/25$0.0700
2024
$0.280010/15/24$0.0700
07/15/24$0.0700
04/12/24$0.0700
01/12/24$0.0700
2023
$0.280010/12/23$0.0700
07/13/23$0.0700
04/13/23$0.0700
01/12/23$0.0700
2022
$0.280010/13/22$0.0700
07/14/22$0.0700
04/14/22$0.0700
01/13/22$0.0700
2021
$0.280010/14/21$0.0700
07/14/21$0.0700
04/14/21$0.0700
01/14/21$0.0700
2020
$0.280010/14/20$0.0700
07/14/20$0.0700
04/14/20$0.0700
01/14/20$0.0700
2019
$0.280010/11/19$0.0700
07/12/19$0.0700
04/12/19$0.0700
01/14/19$0.0700
2018
$0.280010/12/18$0.0700
07/12/18$0.0700
04/12/18$0.0700
01/11/18$0.0700
2017
$0.280010/12/17$0.0700
07/12/17$0.0700
04/11/17$0.0700
01/11/17$0.0700
2016
$0.280010/12/16$0.0700
07/13/16$0.0700
04/13/16$0.0700
01/13/16$0.0700
2015
$0.280010/13/15$0.0700
07/13/15$0.0700
04/13/15$0.0700
01/13/15$0.0700
2014
$0.280010/10/14$0.0700
07/11/14$0.0700
04/11/14$0.0700
01/13/14$0.0700
2013
$0.280010/10/13$0.0700
07/11/13$0.0700
04/11/13$0.0700
01/11/13$0.0700
2012
$0.280010/11/12$0.0700
07/12/12$0.0700
04/12/12$0.0700
01/12/12$0.0700
2011
$0.280010/12/11$0.0700
07/13/11$0.0700
04/13/11$0.0700
01/12/11$0.0700
2010
$0.280010/13/10$0.0700
07/13/10$0.0700
04/13/10$0.0700
01/13/10$0.0700
2009
$0.280010/13/09$0.0700
07/13/09$0.0700
04/13/09$0.0700
01/13/09$0.0700
2008
$0.280010/10/08$0.0700
07/11/08$0.0700
04/11/08$0.0700
01/11/08$0.0700
2007
$0.220010/11/07$0.0700
07/11/07$0.0500
04/11/07$0.0500
01/10/07$0.0500
2006
$0.200010/11/06$0.0500
07/12/06$0.0500
04/11/06$0.0500
02/13/06$0.0500
2005
$0.200010/12/05$0.0500
07/13/05$0.0500
04/12/05$0.0500
01/12/05$0.0500
2004
$0.200010/13/04$0.0500
07/13/04$0.0500
04/13/04$0.0500
01/13/04$0.0500
2003
$0.200010/10/03$0.0500
07/11/03$0.0500
04/11/03$0.0500
01/09/03$0.0500
2002
$0.200010/09/02$0.0500
07/10/02$0.0500
04/10/02$0.0500
01/09/02$0.0500
2001
$0.200010/10/01$0.0500
07/11/01$0.0500
04/10/01$0.0500
01/09/01$0.0500
2000
$0.200010/02/00$0.0500
07/12/00$0.0500
04/12/00$0.0500
01/12/00$0.0500
BELFB Stock Splits
No stock splits
BELFB SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/05/26 | 03/31/26 | 10-Q | |
02/24/26 | 12/31/25 | Unknown | |
11/04/25 | 09/30/25 | 10-Q | |
07/31/25 | 06/30/25 | 10-Q | |
05/01/25 | 03/31/25 | 10-Q | |
02/28/25 | 12/31/24 | 10-K | |
10/29/24 | 09/30/24 | 10-Q | |
07/31/24 | 06/30/24 | 10-Q | |
04/30/24 | 03/31/24 | 10-Q | |
03/11/24 | 12/31/23 | 10-K | |
11/03/23 | 09/30/23 | 10-Q | |
08/04/23 | 06/30/23 | 10-Q | |
05/05/23 | 03/31/23 | 10-Q | |
03/10/23 | 12/31/22 | 10-K | |
11/04/22 | 09/30/22 | 10-Q | |
08/05/22 | 06/30/22 | 10-Q | |
05/06/22 | 03/31/22 | 10-Q | |
03/14/22 | 12/31/21 | 10-K | |
11/05/21 | 09/30/21 | 10-Q | |
08/06/21 | 06/30/21 | 10-Q | |
05/10/21 | 03/31/21 | 10-Q | |
03/12/21 | 12/31/20 | 10-K | |
11/06/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/08/20 | 03/31/20 | 10-Q | |
03/25/20 | 12/31/19 | 10-K | |
11/12/19 | 09/30/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
05/09/19 | 03/31/19 | 10-Q | |
03/08/19 | 12/31/18 | 10-K | |
11/07/18 | 09/30/18 | 10-Q | |
08/07/18 | 06/30/18 | 10-Q | |
05/10/18 | 03/31/18 | 10-Q | |
03/09/18 | 12/31/17 | 10-K | |
11/06/17 | 09/30/17 | 10-Q | |
08/04/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
03/10/17 | 12/31/16 | 10-K | |
11/07/16 | 09/30/16 | 10-Q | |
08/04/16 | 06/30/16 | 10-Q | |
05/10/16 | 03/31/16 | 10-Q | |
03/11/16 | 12/31/15 | 10-K | |
11/06/15 | 09/30/15 | 10-Q | |
08/07/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
03/13/15 | 12/31/14 | 10-K | |
11/10/14 | 09/30/14 | 10-Q | |
08/11/14 | 06/30/14 | 10-Q | |
05/12/14 | 03/31/14 | 10-Q | |
03/13/14 | 12/31/13 | 10-K | |
11/08/13 | 09/30/13 | 10-Q | |
08/07/13 | 06/30/13 | 10-Q | |
05/09/13 | 03/31/13 | 10-Q | |
03/12/13 | 12/31/12 | 10-K | |
11/09/12 | 09/30/12 | 10-Q | |
08/06/12 | 06/30/12 | 10-Q | |
05/07/12 | 03/31/12 | 10-Q | |
03/12/12 | 12/31/11 | 10-K | |
11/04/11 | 09/30/11 | 10-Q | |
08/08/11 | 06/30/11 | 10-Q | |
05/06/11 | 03/31/11 | 10-Q | |
03/11/11 | 12/31/10 | 10-K | |
11/05/10 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/07/10 | 03/31/10 | 10-Q | |
03/12/10 | 12/31/09 | 10-K | |
11/06/09 | 09/30/09 | 10-Q | |
08/10/09 | 06/30/09 | 10-Q | |
05/11/09 | 03/31/09 | 10-Q | |
03/13/09 | 12/31/08 | 10-K | |
11/07/08 | 09/30/08 | 10-Q | |
08/08/08 | 06/30/08 | 10-Q | |
05/09/08 | 03/31/08 | 10-Q | |
03/17/08 | 12/31/07 | 10-K | |
11/09/07 | 09/30/07 | 10-Q | |
08/09/07 | 06/30/07 | 10-Q | |
05/10/07 | 03/31/07 | 10-Q | |
03/16/07 | 12/31/06 | 10-K | |
11/09/06 | 09/30/06 | 10-Q | |
08/09/06 | 06/30/06 | 10-Q | |
05/10/06 | 03/31/06 | 10-Q | |
03/16/06 | 12/31/05 | 10-K | |
11/09/05 | 09/30/05 | 10-Q | |
08/08/05 | 06/30/05 | 10-Q | |
05/10/05 | 03/31/05 | 10-Q | |
03/31/05 | 12/31/04 | NT 10-K | |
11/09/04 | 09/30/04 | 10-Q | |
08/09/04 | 06/30/04 | 10-Q | |
05/10/04 | 03/31/04 | 10-Q | |
03/12/04 | 12/31/03 | 10-K | |
11/13/03 | 09/30/03 | 10-Q | |
08/18/03 | 06/30/03 | NT 10-Q | |
05/12/03 | 03/31/03 | 10-Q | |
03/26/03 | 12/31/02 | 10-K | |
11/12/02 | 09/30/02 | 10-Q | |
08/12/02 | 06/30/02 | 10-Q | |
05/14/02 | 03/31/02 | 10-Q | |
03/28/02 | 12/31/01 | 10-K | |
11/09/01 | 09/30/01 | 10-Q | |
08/10/01 | 06/30/01 | 10-Q | |
05/10/01 | 03/31/01 | 10-Q | |
03/19/01 | 12/31/00 | 10-K | |
11/08/00 | 09/30/00 | 10-Q | |
08/10/00 | 06/30/00 | 10-Q | |
05/12/00 | 03/31/00 | 10-Q |