Bel Fuse was founded in 1949 and is headquartered in Jersey City, US

Bel Fuse has an office in Jersey City

Jersey City, US (HQ)

206 Van Vorst St

Bel Fuse's revenue was reported to be $113.7 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 113.7 m |

## Gross profit (Q1, 2017) | 23.3 m |

## Gross profit margin (Q1, 2017), % | 20% |

## EBIT (Q1, 2017) | 2.1 m |

## Market capitalization (15-Aug-2017) | 319.8 m |

## Cash (31-Mar-2017) | 72.3 m |

Bel Fuse's current market capitalization is $319.8 m.

- Source: Company Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 349.2 m | 487.1 m | 567.1 m | 500.2 m |

## Revenue growth, % | 39% | 16% | (12%) | |

## Cost of goods sold | 287 m | 399.1 m | 458.3 m | 400.2 m |

## Gross profit | 62.2 m | 88 m | 108.8 m | 99.9 m |

## Gross profit Margin, % | 18% | 18% | 19% | 20% |

## Operating expense total | 47.2 m | |||

## EBIT | 15 m | 14.1 m | 28.6 m | (76.5 m) |

## EBIT margin, % | 4% | 3% | 5% | (15%) |

## Interest expense | 156 k | 4 m | 7.6 m | 6.7 m |

## Income tax expense | (743 k) | 1.3 m | 6.5 m | (17.7 m) |

## Net Income | 15.9 m | 9.1 m | 19.2 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 99.4 m | 156.3 m | 142 m | 145.7 m | 144.2 m | 121.2 m | 131.6 m | 128.8 m | 113.7 m |

## Cost of goods sold | 81.5 m | 128.3 m | 114.9 m | 117.1 m | 116.7 m | 98.1 m | 105.9 m | 102.2 m | 90.4 m |

## Gross profit | 17.9 m | 28.1 m | 27.1 m | 28.6 m | 27.4 m | 23.1 m | 25.7 m | 26.6 m | 23.3 m |

## Gross profit Margin, % | 18% | 18% | 19% | 20% | 19% | 19% | 20% | 21% | 20% |

## General and administrative expense | 13.2 m | 23.1 m | 20.8 m | 19.3 m | 18 m | 19.4 m | |||

## Operating expense total | 13.2 m | 23.1 m | 20.8 m | 19.3 m | 18 m | 19.4 m | |||

## EBIT | 3.7 m | 4.7 m | 9.4 m | 7.5 m | 7.3 m | (103.4 m) | 10 m | 9.3 m | 2.1 m |

## EBIT margin, % | 4% | 3% | 7% | 5% | 5% | (85%) | 8% | 7% | 2% |

## Interest expense | (225 k) | (1.9 m) | (2.2 m) | (2 m) | (1.8 m) | (2.2 m) | (1.5 m) | (1.5 m) | (1.4 m) |

## Income tax expense | 473 k | 1.3 m | 2 m | (587 k) | 4.9 m | (4.9 m) | (14.1 m) | (1.7 m) | |

## Net Income | 3.1 m | 1.5 m |

- Source: Company Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 62.1 m | 77.1 m | 85 m | 73.4 m |

## Inventories | 70 m | 98.5 m | 98.9 m | |

## Current Assets | 204.2 m | 310.7 m | 285.5 m | 255.4 m |

## PP&E | 40.9 m | 70.7 m | 57.6 m | 48.8 m |

## Goodwill | 18.4 m | 117.6 m | 121.6 m | 18 m |

## Total Assets | 308.1 m | 636 m | 587 m | 426.7 m |

## Accounts Payable | 29.5 m | 61.9 m | 49.8 m | 47.2 m |

## Dividends Payable | 786 k | |||

## Total Debt | 1.5 m | 129.9 m | ||

## Current Liabilities | 66.9 m | 121.8 m | 122 m | 92.3 m |

## Non-Current Liabilities | 12.5 m | |||

## Total Liabilities | 79.3 m | 268.3 m | ||

## Common Stock | 217 k | 217 k | 217 k | 217 k |

## Additional Paid-in Capital | 18.9 m | 21.6 m | 24.4 m | 27.2 m |

## Retained Earnings | 208 m | 213.9 m | 229.4 m | 161.3 m |

## Total Equity | 228.7 m | 224.8 m | 233.1 m | 158.4 m |

## Debt to Equity Ratio | 0 x | 0.8 x | ||

## Debt to Assets Ratio | 0 x | 0.3 x | ||

## Financial Leverage | 1.3 x | 2.8 x | 2.5 x | 2.7 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 87.8 m | 83.1 m | 78.6 m | 71.4 m | 76.3 m | 69 m | 67.5 m | 67 m | 72.3 m |

## Inventories | 98.7 m | 113.5 m | 111.9 m | 111.2 m | 104.6 m | 100 m | 99.3 m | 96.3 m | 101.7 m |

## Current Assets | 298.9 m | 317.9 m | 303.8 m | 305.5 m | 297.2 m | 259 m | 261.7 m | 258.9 m | 257.2 m |

## PP&E | 67.1 m | 74.1 m | 67.8 m | 63 m | 61.5 m | 56 m | 53.7 m | 52.1 m | 46.6 m |

## Goodwill | 55.6 m | 130.2 m | 117.7 m | 122.3 m | 122 m | 17.5 m | 19.3 m | 19.2 m | 18.4 m |

## Total Assets | 494.8 m | 643.5 m | 622.9 m | 619.8 m | 605.9 m | 444.7 m | 445.5 m | 439.6 m | 426.5 m |

## Accounts Payable | 58.4 m | 63.9 m | 63.4 m | 64.8 m | 51.6 m | 49.1 m | 50.1 m | 46.4 m | 46.6 m |

## Dividends Payable | 843 k | 894 k | |||||||

## Current Liabilities | 108.9 m | 124.5 m | 122.3 m | 128.7 m | 120.6 m | 99.6 m | 101.3 m | 98.1 m | 89.4 m |

## Non-Current Liabilities | 151.3 m | 289.7 m | |||||||

## Common Stock | 217 k | 217 k | 217 k | 217 k | 217 k | 217 k | 217 k | 217 k | 217 k |

## Additional Paid-in Capital | 20.1 m | 20.8 m | 22.3 m | 23 m | 23.8 m | 25.1 m | 25.8 m | 26.5 m | 26.3 m |

## Retained Earnings | 212 m | 212.7 m | 218.7 m | 223.2 m | 227.3 m | 127.9 m | 149.8 m | 158.7 m | 162.9 m |

## Total Equity | 234.6 m | 229.3 m | 220 m | 228.8 m | 232.2 m | 133.8 m | 152.5 m | 162 m | 160.8 m |

## Financial Leverage | 2.1 x | 2.8 x | 2.8 x | 2.7 x | 2.6 x | 3.3 x | 2.9 x | 2.7 x | 2.7 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 15.9 m | 9.1 m | 19.2 m | |

## Depreciation and Amortization | 12.4 m | 19.7 m | 23 m | 21.8 m |

## Accounts Receivable | (8 m) | 1.4 m | 12.2 m | 10.8 m |

## Inventories | 9.1 m | 13 m | (2.8 m) | |

## Accounts Payable | 1.5 m | (3.9 m) | (10 m) | |

## Cash From Operating Activities | 10.6 m | 22.5 m | 65.8 m | 38.6 m |

## Purchases of PP&E | (31 m) | (208.7 m) | ||

## Cash From Investing Activities | (26.2 m) | (217.7 m) | (9.8 m) | (2.4 m) |

## Short-term Borrowings | (123 k) | |||

## Long-term Borrowings | (5.4 m) | (22.4 m) | (43.4 m) | |

## Cash From Financing Activities | 6 m | 211.5 m | (48.8 m) | (47.5 m) |

## Interest Paid | 156 k |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 3.1 m | 1.5 m | |||||||

## Inventories | 98.7 m | 113.5 m | 111.9 m | 111.2 m | 104.6 m | 100 m | 99.3 m | 96.3 m | 101.7 m |

## Accounts Payable | 58.4 m | 63.9 m | 63.4 m | 64.8 m | 51.6 m | 49.1 m | 50.1 m | 46.4 m | 46.6 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 14.8 k |

## Financial Leverage | 2.7 x |

Bel Fuse's Backlog was reported to be $137.6 m in FY, 2016, which is a 9% increase from the previous period