Bel Fuse Inc.: Company Profile and SWOT Analysis by ICDResearch

VIEWS: 1 PAGES: 28

More Info
									Bel Fuse Inc.

_________________________________________________________________________________



Bel Fuse Inc.                                                          Financial Snapshot

                                                                       Operating Performance
Fast Facts
                                 206 Van Vorst Street, Jersey City,    The company reported revenues of US$302.54 million
Headquarters Address
                                 07302,United States of America        during 2010, with a CAGR of 4.37% during 2006–
                                                                       2010. Its revenue grew at an annual rate of 65.55%
Telephone                        + 1 201 4320463
                                                                       over the previous fiscal year. In 2010, the company
                                                                       recorded an operating margin of 5.01%, as against -
Fax                              + 1 201 4329542                       9.49% in 2009.

Website                          www.belfuse.com
                                                                       Revenue and Margins
Ticker Symbol, Stock Exchange    BELFA, NASDAQBELFB, NASDAQ

Number of Employees              4,161

Fiscal Year End                  December

Revenue (in US$ million)         302.54




SWOT Analysis

Strengths                        Weaknesses                            Return on Equity

Extensive product offerings      Dependence on limited customer base   The company recorded a return on equity (ROE) of
                                                                       6.19% for 2010, as compared to its peers, Littelfuse,
                                                                       Inc. , Cooper Industries, Inc. (Ticker: CBE) and
Strong liquidity position        Litigations                           Frequency Electronics, Inc. (Ticker: FEIM), which
                                                                       recorded ROEs of 17.38%, 13.84% and 4.34%
Strong operational performance                                         respectively. The company reported an operating
                                                                       margin of 5.01% in 2010.
Wide geographical presence
                                                                       Return on Equity
Opportunities                    Threats

Expansion of product line        Compliance to environmental norms

Recovering economy               Currency fluctuations




                                                                       Liquidity Position

                                                                       The company reported a current ratio of 4.40 in 2010,
                                                                       as compared to its peers, Littelfuse, Inc., Cooper
                                                                       Industries, Inc. and Frequency Electronics, Inc., which
                                                                       recorded current ratios of 2.90, 2.43 and 8.30
                                                                       respectively. As of December 2010, the company
                                                                       recorded cash and short-term investments of worth
                                                                       US$85.53 million, against zero current debt. The
                                                                       company reported a debt to equity ratio of 0.00 in
                                                                       2010 as compared to its peers, Littelfuse, Inc.,
                                                                       Cooper Industries, Inc. and Frequency Electronics,
                                                                       Inc., which recorded debt to equity ratios of 0.16, 0.45
                                                                       and 0.01 respectively.




___________________________________________________________________________________________

Bel Fuse Inc. - SWOT Profile                                                                                    Page 1
Bel Fuse Inc.

_________________________________________________________________________________


TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1     Company Overview .................................................................................................................................................5
    1.2     Business Description ...............................................................................................................................................5
    1.3     Major Products and Services ...................................................................................................................................6
    1.4     Key Financial Performance Indicators .....................................................................................................................7
      1.4.1        Revenue and Operating Profit .........................................................................................................................7
      1.4.2        Asset, Liabilities and Capex ............................................................................................................................8
      1.4.3        Operational Efficiency ......................................................................................................................................9
      1.4.4        Valuation ........................................................................................................................................................10
    1.5     Competitive Benchmarking ....................................................................................................................................11
      1.5.1        Market Capitalization .....................................................................................................................................11
      1.5.2        Efficiency .......................................................................................................................................................12
      1.5.3        Capital Expenditure .......................................................................................................................................13
      1.5.4        Valuation ........................................................................................................................................................14
      1.5.5        Turnover – Inventory and Asset ....................................................................................................................15
2     Recent Developments ........................................................................................................................... 16
3     SWOT Analysis ...................................................................................................................................... 17
    3.1     SWOT Analysis - Overview ...................................................................................................................................17
    3.2     Strengths .........................................
								
To top