Bel Fuse Update and Intrinsic Value Estimate
A Post Q4 Earnings Update
Bel Fuse (BELFB) reported Q4 and FY 2024 results on the 19th, and there was a lot to like. I’m providing some thoughts below and how I’m thinking about valuation and future upside.
To start, Q4 and FY 2024 results were very good, following a strong year with slight contribution from a transformative acquisition made in September of 2024.
Net sales for t…