
Bel Fuse (BELFB) Stock Forecast & Price Target
Bel Fuse (BELFB) Analyst Ratings
Bulls say
Bel Fuse Inc. demonstrated solid financial performance with a 7% year-over-year increase in Q4 sales, totaling $149.9 million, indicating strong revenue growth driven by demand across various sectors, particularly in commercial air and defense. The company's gross margins also showed improvement, with Power Solutions & Protection expanding by 40 basis points year-over-year to 40.6%, alongside a notable increase in EBITDA, which rose 11% year-over-year to $30.3 million. Additionally, the successful restructuring of the European sales team and the consolidation of the China facility contributed to significant margin improvements and positive sales momentum in the European market for the first half of 2024.
Bears say
Bel Fuse Inc is experiencing a decline in key financial metrics, with fourth-quarter cash flow from operations decreasing to $11.9 million, down from $27.4 million in the previous quarter and from $26.9 million year-over-year. The company's EBITDA margins are projected to modestly increase to 17.6% in 2024, despite an anticipated sales decline of 21%, excluding the recent Enercon acquisition, reflecting underlying challenges in their core business segments. Additionally, cash and cash equivalents decreased significantly from $164 million in the third quarter to $69 million at year-end, primarily due to cash outflows associated with the Enercon acquisition and reduced demand in the legacy power solutions and protection segment.
This aggregate rating is based on analysts' research of Bel Fuse and is not a guaranteed prediction by Public.com or investment advice.
Bel Fuse (BELFB) Analyst Forecast & Price Prediction
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