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Bel Fuse B Inc (BELFB)



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Upturn Advisory Summary
03/27/2025: BELFB (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 57.23% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 927.49M USD | Price to earnings Ratio 24.15 | 1Y Target Price 105.6 |
Price to earnings Ratio 24.15 | 1Y Target Price 105.6 | ||
Volume (30-day avg) 95853 | Beta 1.1 | 52 Weeks Range 53.59 - 92.53 | Updated Date 04/1/2025 |
52 Weeks Range 53.59 - 92.53 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 0.37% | Basic EPS (TTM) 3.1 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 7.66% | Operating Margin (TTM) 18.08% |
Management Effectiveness
Return on Assets (TTM) 6.58% | Return on Equity (TTM) 12.59% |
Valuation
Trailing PE 24.15 | Forward PE 13.59 | Enterprise Value 1176500289 | Price to Sales(TTM) 1.73 |
Enterprise Value 1176500289 | Price to Sales(TTM) 1.73 | ||
Enterprise Value to Revenue 2.2 | Enterprise Value to EBITDA 14.29 | Shares Outstanding 10423700 | Shares Floating 11684284 |
Shares Outstanding 10423700 | Shares Floating 11684284 | ||
Percent Insiders 2.57 | Percent Institutions 84.74 |
Analyst Ratings
Rating 4.75 | Target Price 96.5 | Buy 1 | Strong Buy 3 |
Buy 1 | Strong Buy 3 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Bel Fuse B Inc

Company Overview
History and Background
Bel Fuse Inc. was founded in 1949 and has evolved from a fuse manufacturer to a global supplier of products that power, protect and connect electronic circuits. They serve a range of industries including networking, telecommunications, computing, industrial, transportation, and military.
Core Business Areas
- Power Solutions and Protection: Designs and manufactures AC-DC power supplies, DC-DC converters, circuit protection devices (fuses, resettable fuses), and custom power solutions.
- Connectivity Solutions: Offers a broad range of connectors (including D-Sub, RJ45, and fiber optic connectors), magnetics (transformers, inductors), and cable assemblies.
- Magnetic Solutions: Offers a range of products that include custom magnetics, discrete transformers, power transformers, telecom transformers, common mode chokes and high speed connectors.
Leadership and Structure
Bel Fuse is led by Daniel Bernstein (President and CEO). The company operates with a global structure, having manufacturing and sales facilities in multiple countries.
Top Products and Market Share
Key Offerings
- Circuit Protection Devices (Fuses, PTCs, TVS diodes): Bel Fuse offers a wide array of circuit protection devices. Market share data for specific types of protection devices varies, but they are a significant player in the overall circuit protection market. Competitors include Littelfuse (LFUS) and Bourns.
- Power Supplies: Manufactures AC-DC power supplies and DC-DC converters for various applications. The power supply market is highly competitive. Competitors include Delta Electronics and TDK Lambda.
- Connectors: Bel Fuse produces a variety of connectors. The connector market is vast. Competitors include Amphenol (APH) and TE Connectivity (TEL).
- Magnetics: Bel Fuse produces magnetics for various applications including Power, Telecom, Industrial and Mil/Aero. Competitors include Murata, TDK and Vishay.
Market Dynamics
Industry Overview
The electronic components industry is driven by demand from sectors like telecommunications, computing, automotive, and industrial automation. Trends include miniaturization, increasing power efficiency, and the growing adoption of electric vehicles and renewable energy. The market is affected by supply chain disruptions and geopolitical factors.
Positioning
Bel Fuse holds a position as a supplier of a wide range of electronic components, targeting diverse industries. Their competitive advantages include a broad product portfolio and a global presence.
Total Addressable Market (TAM)
The TAM for Bel Fuse's combined product categories (circuit protection, power supplies, connectors, and magnetics) is estimated to be several billions of dollars annually. Bel Fuse is positioned to capture a share of this market through its diverse product offerings and global reach.
Upturn SWOT Analysis
Strengths
- Broad product portfolio
- Global presence
- Established customer relationships
- Vertical Integration
Weaknesses
- Smaller scale compared to larger competitors
- Dependence on specific industries
- Exposure to commodity price fluctuations
- Less R&D spending than larger competitors
Opportunities
- Growth in electric vehicle market
- Expansion in renewable energy sector
- Increasing demand for miniaturized components
- Growing demand for IoT devices
Threats
- Intense competition
- Supply chain disruptions
- Economic downturns
- Geopolitical risks
- Rapid technological change
Competitors and Market Share
Key Competitors
- LFUS
- APH
- TEL
- VSH
Competitive Landscape
Bel Fuse competes with larger players in the electronic components industry. Bel Fuse's advantages are its broad product portfolio and ability to serve diverse markets.
Major Acquisitions
Fischer Connectors
- Year: 2018
- Acquisition Price (USD millions): 78
- Strategic Rationale: Expanded Bel Fuse's connectivity solutions portfolio and geographic presence.
Growth Trajectory and Initiatives
Historical Growth: Bel Fuse's historical growth has been driven by organic expansion and acquisitions.
Future Projections: Analyst projections for Bel Fuse's future growth are based on the company's performance and market trends.
Recent Initiatives: Recent strategic initiatives include acquisitions to expand product offerings and geographic presence.
Summary
Bel Fuse has a broad product portfolio and a global presence, which allows the company to service diverse markets. However, its smaller scale compared to larger competitors could constrain its market share. Recent initiatives, such as strategic acquisitions should assist Bel Fuse to increase revenue and profitability. Bel Fuse needs to carefully watch intense competition, and economic downturns.
Similar Companies
- LFUS
- APH
- TEL
- VSH
Sources and Disclaimers
Data Sources:
- Company Website
- Financial Reports
- Industry Analysis Reports
Disclaimers:
This analysis is based on available information and general market knowledge. Actual financial performance and market conditions may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bel Fuse B Inc
Exchange NASDAQ | Headquaters West Orange, NJ, United States | ||
IPO Launch date 1998-07-10 | President, CEO & Director Mr. Daniel Bernstein | ||
Sector Technology | Industry Electronic Components | Full time employees 5370 | Website https://www.belfuse.com |
Full time employees 5370 | Website https://www.belfuse.com |
Bel Fuse Inc. designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries. It provides power solutions and protection products, including front-end power supplies, board-mount power products, industrial and transportation power products, external power products, and circuit protection products. The company offers connectivity solutions, such as expanded beam fiber optic connectors, cable assemblies, and active optical devices; copper-based connectors/cable assemblies; radio frequency connectors, cable assemblies, microwave devices, and low loss cables; and ethernet, I/O, and industrial and power connectivity products. In addition, it provides magnetic solutions comprising integrated connector modules, power transformers, SMD power inductors and SMPS transformers, and ethernet discrete components. The company sells its products through direct strategic account managers, regional sales managers working with independent sales representative organizations, and authorized distributors in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally. Bel Fuse Inc. was incorporated in 1949 and is headquartered in West Orange, New Jersey.
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