OverviewSuggest Edit

Bel Fuse is a company that designs and manufactures products that power, protect, and connect electronic circuits. It operates through three product group segments, Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions, in addition to a Corporate segment. The Power Solutions and Protection segment includes internal and external AC/DC power supplies, DC/DC converters, DC/AC inverters, board-level fuses, and polymeric PTC (positive temperature coefficient) devices. The Connectivity Solutions provides high-speed and harsh environment copper and optical fiber connectors and integrated assemblies. The Magnetic Solutions segment offers integrated connector modules, power transformers, and other products. The company caters to the networking, telecommunications, computing, military, aerospace, transportation, broadcasting, automotive, medical, and consumer electronics markets.

TypePublic
Founded1949
HQJersey City, NJ, US
Websitebelfuse.com
Employee Ratings3

Latest Updates

Employees (est.) (Dec 2020)6,400(-7%)
Job Openings48
Revenue (FY, 2020)$465.8 M(-5%)
Share Price (Dec 2021)$12.9
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Key People/Management at Bel Fuse

Daniel Bernstein

Daniel Bernstein

President and Chief Executive Officer, Director
Farouq Tuweiq

Farouq Tuweiq

Chief Financial Officer
Dennis Ackerman

Dennis Ackerman

Vice President, President Bel Power Solutions
Peter Bittner

Peter Bittner

VP, President Bel Connectivity Solutions
Raymond Cheung

Raymond Cheung

Vice President - Asia Operations
Craig Brosious

Craig Brosious

Vice President - Finance
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Bel Fuse Office Locations

Bel Fuse has offices in Jersey City, Poway, Santa Clara, Westborough and in 9 other locations
Jersey City, NJ, US (HQ)
206 Van Vorst St
Poway, CA, US
12700 Stowe Dr #200
Santa Clara, CA, US
2390 Walsh Ave
Westborough, MA, US
2400 Computer Dr
Hangzhou, CN
66 Dongxin Ave, Binjiang Qu
Shenzhen, CN
Chuang Zhan Centre Building, No.6007 Room 1801, 18/F, Shen Nan Road
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Bel Fuse Financials and Metrics

Bel Fuse Revenue

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Bel Fuse's revenue was reported to be $465.77 m in FY, 2020 which is a 5.4% decrease from the previous period.
USD

Revenue (Q3, 2021)

147.0m

Gross profit (Q3, 2021)

36.0m

Gross profit margin (Q3, 2021), %

24.5%

Net income (Q3, 2021)

5.7m

EBIT (Q3, 2021)

8.9m

Market capitalization (31-Dec-2021)

164.4m

Closing stock price (31-Dec-2021)

12.9

Cash (30-Sept-2021)

62.0m

EV

226.5m
Bel Fuse's current market capitalization is $164.4 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

548.2m492.4m465.8m

Revenue growth, %

12%(10%)(5%)

Cost of goods sold

438.4m381.7m346.0m

Gross profit

109.8m110.7m119.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

125.4m127.4m124.5m104.0m121.2m124.5m110.6m138.7m147.0m

Cost of goods sold

101.8m107.5m102.0m78.9m89.4m91.0m86.4m104.5m111.0m

Gross profit

23.6m19.9m22.5m25.1m31.8m33.5m24.3m34.2m36.0m

Gross profit Margin, %

19%16%18%24%26%27%22%25%24%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

53.9m72.3m84.9m

Accounts Receivable

91.9m76.1m71.4m

Inventories

120.1m107.3m100.1m

Current Assets

290.5m283.2m280.2m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

20.7m(8.7m)12.8m

Depreciation and Amortization

18.2m16.5m16.4m

Inventories

(24.7m)17.1m9.7m

Accounts Payable

9.0m(15.1m)(6.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

1.1m4.1m(2.4m)(3.8m)1.8m9.2m3.2m11.1m16.8m

Depreciation and Amortization

4.1m8.2m12.3m4.1m8.2m12.3m4.1m8.5m12.5m

Inventories

(4.2m)1.8m8.4m2.1m1.9m4.4m(1.3m)(10.4m)(22.8m)

Accounts Payable

(8.5m)(13.3m)(16.2m)(4.9m)994.0k(4.6m)804.0k11.1m15.8m
USDFY, 2018

EV/EBIT

9.7 x

EV/CFO

28.3 x

Revenue/Employee

67.7k

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.5 x

P/E Ratio

11.4
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Bel Fuse Operating Metrics

Bel Fuse's Backlog was reported to be $390.4m in Q3, 2021.
FY, 2018Feb, 2018Q1, 2019Q2, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Backlog

$171.2 m$174.4 m$166.8 m$150.9 m$160.2 m$191.2 m$179.6 m$138.9 m$155 m$233.7 m$313.8 m$390.4 m

Manufacturing Facilities

212020

Countries

151514

Countries (Facilities)

77
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Bel Fuse Acquisitions / Subsidiaries

Company NameDateDeal Size
EOSMarch 31, 2021
rms Connectors, Inc.January 13, 2021
Power-OneApril 28, 2014
Array AerospaceAugust 20, 2013$10 m
TE Connectivity - Transpower Magnetics BusinessApril 01, 2013$22.4 m
Transpower TechnologiesMarch 29, 2013
FibrecoDecember 31, 2012$13.7 m
Powerbox Italia S.r.LSeptember 12, 2012$3 m
Gigacom InterconnectMarch 09, 2012
Cinch ConnectorsDecember 28, 2009
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Bel Fuse Revenue Breakdown

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Bel Fuse revenue breakdown by business segment: 39.0% from Power Solutions and Protection, 28.7% from Magnetic Solutions and 32.4% from Connectivity Solutions

Bel Fuse revenue breakdown by geographic segment: 57.0% from North America, 27.8% from Asia and 15.2% from Europe

Bel Fuse Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Bel Fuse Online and Social Media Presence

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Bel Fuse News and Updates

Bel Fuse Inc. Retains Three Part Advisors as Investor Relations Counsel

JERSEY CITY, N.J., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced it has retained Three Part Advisors, LLC, a rapidly growing, full-service investor r…

Bel Will Report Third Quarter 2021 Results on October 29, 2021

Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that the Company will release preliminary financial results for the third quarter of 2021 prior to the commencement of trading…

Cinch Connectivity Solutions’ Reynosa, Mexico Facility Achieves Nadcap Cable and Harness Accreditation

Cinch Connectivity Solutions, a Bel group company and global leader in delivering reliable connectivity solutions, today announces their Reynosa, Mexico facility has received Nadcap accreditation for Electronics Cable and Harness Assemblies (AC7121) by the Performance Review Institute. The AC7121 ce…

Cinch Connectivity Solutions’ Reynosa, Mexico Facility Achieves Nadcap Cable and Harness Accreditation

Cinch Connectivity Solutions, a Bel group company and global leader in delivering reliable connectivity solutions, today announces their Reynosa, Mexico facility has received Nadcap accreditation for Electronics Cable and Harness Assemblies (AC7121) by the Performance Review Institute. The AC7121 ce…

Bel Fuse Inc. (BELFA) Ex-Dividend Date Scheduled for October 14, 2021

Bel Fuse Inc. (BELFA) will begin trading ex-dividend on October 14, 2021. A cash dividend payment of $0.06 per share is scheduled to be paid on November 01, 2021. Shareholders who purchased BELFA prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 57th quarter th…

Bel Fuse Inc. (BELFA) Ex-Dividend Date Scheduled for October 14, 2021

Bel Fuse Inc. (BELFA) will begin trading ex-dividend on October 14, 2021. A cash dividend payment of $0.06 per share is scheduled to be paid on November 01, 2021. Shareholders who purchased BELFA prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 57th quarter th…
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Bel Fuse Frequently Asked Questions

  • When was Bel Fuse founded?

    Bel Fuse was founded in 1949.

  • Who are Bel Fuse key executives?

    Bel Fuse's key executives are Daniel Bernstein, Farouq Tuweiq and Dennis Ackerman.

  • How many employees does Bel Fuse have?

    Bel Fuse has 6,400 employees.

  • What is Bel Fuse revenue?

    Latest Bel Fuse annual revenue is $465.8 m.

  • What is Bel Fuse revenue per employee?

    Latest Bel Fuse revenue per employee is $72.8 k.

  • Who are Bel Fuse competitors?

    Competitors of Bel Fuse include Digi-Key Electronics, Anixter and Alpine 4.

  • Where is Bel Fuse headquarters?

    Bel Fuse headquarters is located at 206 Van Vorst St, Jersey City.

  • Where are Bel Fuse offices?

    Bel Fuse has offices in Jersey City, Poway, Santa Clara, Westborough and in 9 other locations.

  • How many offices does Bel Fuse have?

    Bel Fuse has 14 offices.