Bel Fuse (BELFA)
Market Price (3/14/2026): $181.27 | Market Cap: $2.3 BilSector: Information Technology | Industry: Electronic Components
Bel Fuse (BELFA)
Market Price (3/14/2026): $181.27Market Cap: $2.3 BilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26% | Stock price has recently run up significantly12M Rtn12 month market price return is 145% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% | Key risksBELFA key risks include [1] geopolitical instability impacting its extensive manufacturing operations in China and Israel, Show more. |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, 5G & Advanced Connectivity, and Electric Vehicles & Autonomous Driving. Themes include Data Centers & Infrastructure, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, 5G & Advanced Connectivity, and Electric Vehicles & Autonomous Driving. Themes include Data Centers & Infrastructure, Show more. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 145% |
| Key risksBELFA key risks include [1] geopolitical instability impacting its extensive manufacturing operations in China and Israel, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Strong Q4 2025 Financial Performance Exceeded Expectations: Bel Fuse reported fourth-quarter 2025 net sales of $175.9 million, a 17.4% increase year-over-year, surpassing analyst estimates of $173.4 million. The company's adjusted earnings per share (EPS) of $1.98 significantly beat the consensus estimate of $1.10 by 80.8%. Full-year 2025 sales also reached a record $675.5 million, up 26.3% from 2024.
2. Robust Demand in Key End Markets and Strong Q1 2026 Guidance: Management highlighted strong demand in high-growth sectors, particularly commercial aerospace and defense, which accounted for 38% of consolidated sales in 2025. There was also a notable recovery in networking and AI-related applications. Furthermore, the company provided optimistic revenue guidance for the first quarter of 2026, projecting net sales between $165 million and $180 million, exceeding analyst expectations of $162.3 million.
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Stock Movement Drivers
Fundamental Drivers
The 37.2% change in BELFA stock from 11/30/2025 to 3/13/2026 was primarily driven by a 45.3% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 131.50 | 180.38 | 37.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 649 | 675 | 4.0% |
| Net Income Margin (%) | 10.0% | 9.1% | -9.2% |
| P/E Multiple | 25.5 | 37.1 | 45.3% |
| Shares Outstanding (Mil) | 13 | 13 | 0.0% |
| Cumulative Contribution | 37.2% |
Market Drivers
11/30/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| BELFA | 37.2% | |
| Market (SPY) | -3.1% | 57.6% |
| Sector (XLK) | -4.4% | 58.6% |
Fundamental Drivers
The 57.8% change in BELFA stock from 8/31/2025 to 3/13/2026 was primarily driven by a 30.7% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 114.33 | 180.38 | 57.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 594 | 675 | 13.7% |
| Net Income Margin (%) | 8.6% | 9.1% | 6.1% |
| P/E Multiple | 28.4 | 37.1 | 30.7% |
| Shares Outstanding (Mil) | 13 | 13 | 0.1% |
| Cumulative Contribution | 57.8% |
Market Drivers
8/31/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| BELFA | 57.8% | |
| Market (SPY) | 3.0% | 56.1% |
| Sector (XLK) | 4.4% | 57.5% |
Fundamental Drivers
The 121.8% change in BELFA stock from 2/28/2025 to 3/13/2026 was primarily driven by a 49.0% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 81.31 | 180.38 | 121.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 535 | 675 | 26.3% |
| Net Income Margin (%) | 7.7% | 9.1% | 18.9% |
| P/E Multiple | 24.9 | 37.1 | 49.0% |
| Shares Outstanding (Mil) | 13 | 13 | -0.9% |
| Cumulative Contribution | 121.8% |
Market Drivers
2/28/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| BELFA | 121.8% | |
| Market (SPY) | 12.4% | 59.0% |
| Sector (XLK) | 21.9% | 60.0% |
Fundamental Drivers
The 388.9% change in BELFA stock from 2/28/2023 to 3/13/2026 was primarily driven by a 276.0% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.89 | 180.38 | 388.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 632 | 675 | 6.8% |
| Net Income Margin (%) | 7.4% | 9.1% | 23.4% |
| P/E Multiple | 9.9 | 37.1 | 276.0% |
| Shares Outstanding (Mil) | 12 | 13 | -1.4% |
| Cumulative Contribution | 388.9% |
Market Drivers
2/28/2023 to 3/13/2026| Return | Correlation | |
|---|---|---|
| BELFA | 388.9% | |
| Market (SPY) | 73.4% | 45.2% |
| Sector (XLK) | 104.5% | 42.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BELFA Return | 15% | 117% | 102% | 40% | 69% | 20% | 1332% |
| Peers Return | 35% | -8% | 38% | 19% | 34% | 8% | 196% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| BELFA Win Rate | 67% | 67% | 58% | 50% | 50% | 67% | |
| Peers Win Rate | 69% | 33% | 62% | 57% | 63% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BELFA Max Drawdown | 0% | -1% | -7% | -9% | -34% | 0% | |
| Peers Max Drawdown | -5% | -27% | -3% | -6% | -23% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: APH, TEL, LFUS, HUBB, ETN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)
How Low Can It Go
| Event | BELFA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -42.4% | -25.4% |
| % Gain to Breakeven | 73.5% | 34.1% |
| Time to Breakeven | 92 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -63.5% | -33.9% |
| % Gain to Breakeven | 174.3% | 51.3% |
| Time to Breakeven | 342 days | 148 days |
| 2018 Correction | ||
| % Loss | -68.6% | -19.8% |
| % Gain to Breakeven | 218.1% | 24.7% |
| Time to Breakeven | 1,067 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -79.7% | -56.8% |
| % Gain to Breakeven | 392.8% | 131.3% |
| Time to Breakeven | 5,083 days | 1,480 days |
Compare to APH, TEL, LFUS, HUBB, ETN
In The Past
Bel Fuse's stock fell -42.4% during the 2022 Inflation Shock from a high on 7/18/2023. A -42.4% loss requires a 73.5% gain to breakeven.
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About Bel Fuse (BELFA)
AI Analysis | Feedback
A smaller **Amphenol** or **TE Connectivity** for critical electronic components like connectors, power supplies, and magnetics.
Like **Vishay Intertechnology**, but with a strong focus on connectivity and power solutions.
AI Analysis | Feedback
- Magnetic Products: Bel Fuse provides integrated connector modules, power and SMPS transformers, SMD power inductors, and ethernet discrete components crucial for data and power applications.
- Power Solutions and Protection Products: The company offers various power supplies, such as front-end, board-mount, industrial, and external units, alongside circuit protection products.
- Connectivity Solutions: This segment includes a wide range of connectors and cable assemblies, covering fiber optic, copper-based, radio frequency, ethernet, and industrial connectivity.
AI Analysis | Feedback
Bel Fuse Inc. (BELFA) primarily sells its products to other companies (B2B) rather than directly to individuals. The company manufactures and supplies electronic components and solutions to a diverse range of customers across various industries.
Based on the company's product offerings and the industries it serves, its major customers are companies operating in the following sectors:
- Networking and Telecommunication Companies: These companies integrate Bel Fuse's magnetic products (like integrated connector modules, Ethernet components), power solutions, and various connectivity solutions into their networking and communication equipment.
- High-Speed Data Transmission and Data Center Companies: Customers in this sector utilize Bel Fuse's components for high-speed data infrastructure, including its power solutions, magnetic products, and advanced connectivity solutions like fiber optic and copper-based connectors.
- Commercial Aerospace, Military, and Transportation Companies: Bel Fuse provides robust and reliable power solutions, connectivity solutions (including expanded beam fiber optic connectors), and protection products for critical applications in these demanding environments.
- e-Mobility and Consumer Electronic Companies: Manufacturers of e-Mobility solutions and consumer electronic devices incorporate Bel Fuse's power supplies, circuit protection products, and various connectivity components into their end products.
- Broadcasting Companies: Customers in the broadcasting industry use Bel Fuse's connectivity solutions, including RF connectors and low-loss cables, for their broadcasting equipment and infrastructure.
Bel Fuse typically serves a broad customer base, and specific major customer companies (with symbols) are generally not disclosed publicly unless one customer accounts for a significant portion of the company's revenue, which is not usually the case for Bel Fuse Inc. due to its diversified sales.
AI Analysis | Feedback
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Farouq Tuweiq, President and Chief Executive Officer
Farouq Tuweiq assumed the role of President and Chief Executive Officer of Bel Fuse Inc. on May 27, 2025, after serving as Chief Financial Officer, Principal Financial Officer, and Treasurer since early 2021. He was the first CFO in the company's 70-plus year history and the first outside executive hire. Mr. Tuweiq earned a bachelor's degree in finance and a master's degree in accounting from Michigan State University, and an MBA from Georgetown University's McDonough School of Business. His professional background includes auditing at Ernst & Young, financial planning and analysis at Schneider Electric, and investment banking at BMO Capital Markets, where he led and helped build the Industrial Technology Investment Banking practice. During his investment banking career, he advised public, private equity-backed, and privately-held companies in the Electronic Components sector on Mergers & Acquisitions and capital raising. As CFO, he played a key role in strengthening Bel's financial foundation, driving margin expansion, and executing significant acquisitions, including the Enercon acquisition.
Lynn Hutkin, Chief Financial Officer
Lynn Hutkin was appointed Chief Financial Officer of Bel Fuse Inc., as well as Principal Financial Officer, Principal Accounting Officer, Treasurer, and Secretary, effective May 27, 2025. She joined Bel Fuse in 2007 and previously served as Vice President of Financial Reporting and Investor Relations and Principal Accounting Officer. Throughout her tenure at Bel, Ms. Hutkin has led various initiatives including mergers and acquisitions, bank financing, corporate insurance, and employee benefit programs. Her prior experience includes roles at Arthur Andersen and various finance positions at IT consulting startups and publicly-traded firms. Ms. Hutkin holds a B.S. in Accountancy from Bentley University and is an active CPA in New Jersey.
Daniel Bernstein, Non-Executive Chairman of the Board
Daniel Bernstein transitioned to the role of Non-Executive Chairman of the Board of Bel Fuse Inc. on May 27, 2025. He is the son of the company's founder, Elliot Bernstein. Mr. Bernstein had a long career with Bel Fuse, joining in 1979, serving as a Director since 1986, President since June 1992, and Chief Executive Officer from May 2001 until May 2025. Under his leadership as CEO, Bel Fuse experienced substantial growth, with revenue increasing from under $100 million to over $600 million, and he directed 19 strategic acquisitions. He also previously served as President of Array Connector Corp. Mr. Bernstein holds an MBA from Baruch College.
Suzanne Kozlovsky, Global Head of People
Suzanne Kozlovsky serves as the Global Head of People at Bel Fuse Inc.
Joe Berry, Vice President, President of Magnetic Solutions
Joe Berry holds the position of Vice President and President of Magnetic Solutions at Bel Fuse Inc.
AI Analysis | Feedback
Bel Fuse Inc. (BELFA) faces several key risks to its business, primarily stemming from its recent strategic acquisition, its global operational footprint, and the inherent cyclicality and rapid technological changes within its served markets.1. Geopolitical and International Operational Risks
Bel Fuse has significant manufacturing and workforce concentration in the People's Republic of China (PRC), exposing it to potential risks associated with trade policies, tariffs, and geopolitical tensions between the U.S. and China. Furthermore, the company's November 2024 acquisition of Enercon Technologies introduced substantial geopolitical and security risks due to Enercon's operations and workforce in Israel. This creates sensitivity to regional conflicts, political instability, and potential boycott pressures that could adversely affect demand and operations. General trade and tariff uncertainty, along with fluctuations in foreign currency exchange rates, also pose ongoing risks to its international business.
2. Acquisition-Related Risks and Increased Leverage
The acquisition of an 80% stake in Enercon Technologies for approximately $325.6 million, largely funded by $240 million in new borrowings, has significantly increased Bel Fuse's debt load and leverage. This higher debt burden requires active repayment, which could divert free cash flow and limit financial flexibility. There is also uncertainty regarding the realization of future growth synergies from the Enercon acquisition and the planned purchase of the remaining 20% interest. The company may also face difficulties in integrating acquired businesses and realizing the expected benefits or cost savings from its strategic initiatives. An impairment on a minority investment in innolectric also highlights capital allocation and technology-partner risks embedded in Bel's acquisition strategy.
3. Cyclical Demand, Technological Obsolescence, and Organic Growth Challenges
Bel Fuse's exposure to various industries, including defense, networking, telecommunication, transportation, and consumer electronics, means its business is susceptible to economic cycles and demand fluctuations. For instance, a significant portion of Enercon's revenue is tied to cyclical defense spending, making it sensitive to government budgets and program timing. The company has also experienced sluggish organic sales growth in its pre-existing business units and declines in markets like consumer, rail, and e-mobility. Additionally, operating in technologically dynamic fields requires continuous product development and innovation. Failure to adapt quickly to evolving industry standards and customer requirements or experiencing product development difficulties could lead to technological obsolescence and impact market acceptance of its products.
AI Analysis | Feedback
nullAI Analysis | Feedback
Bel Fuse Inc. designs, manufactures, and markets a diverse range of products across several key industries. The addressable markets for its main product categories are substantial and global in scope.
Connectivity Solutions
- Cable Assemblies: The global cable assembly market was estimated at USD 178.90 billion in 2024 and is projected to reach USD 253.81 billion by 2030, growing at a CAGR of 6.05% from 2025 to 2030. Asia Pacific held a 36.65% revenue share of this market in 2024.
- Fiber Optic Connectors: The global fiber optic connectors market size was estimated at USD 5.56 billion in 2024 and is projected to reach USD 9.93 billion by 2033, growing at a CAGR of 6.6% from 2025 to 2033. North America dominated this market with a 30.8% revenue share in 2024.
- RF Connectors: The global sales for RF coax connectors were USD 4.95 billion in 2024. Another report indicates the global RF connectors market was valued at USD 32 billion in 2023 and is estimated to grow to USD 61.8 billion by 2033. The RF connectors market is projected to grow from USD 37.1 billion in 2025 to USD 77.9 billion by 2035, at a CAGR of 7.7%.
- Microwave Devices: The global microwave devices market size was estimated at USD 8.42 billion in 2024 and is predicted to increase to approximately USD 14.89 billion by 2034. North America dominated the market with a 41% revenue share in 2024.
- Low Loss Cables (Coaxial): The global low loss coaxial cables market size is predicted to hit USD 0.46 billion in 2025, eventually climbing to USD 0.83 billion by 2034, with a CAGR of 6.8% during the forecast period. North America is projected to maintain the largest regional share at approximately 38% by 2034.
- I/O Connectors: The global I/O connector market was worth USD 3.11 billion in 2024 and is expected to reach USD 6.48 billion by 2033. Another estimate places the global I/O Connector market at USD 6.08 billion in 2024, expanding to USD 11.4 billion by 2034.
Magnetic Products
- SMD Power Inductors: The global SMD power inductors market size was valued at USD 4.19 billion in 2025 and is projected to grow to USD 7.16 billion by 2034. The integrated SMD power inductors market was valued at USD 7.58 billion in 2024 and is projected to reach USD 20.20 billion by 2033.
- Power Transformers: The global power transformer market size was valued at USD 27.79 billion in 2025 and is predicted to increase to approximately USD 54.89 billion by 2035. Asia Pacific dominated this market with a 42% market share in 2025.
Power Solutions and Protection Products
- Industrial Power Supplies: The global industrial power supply market size was valued at USD 13.29 billion in 2025 and is projected to grow to USD 24.76 billion by 2034. Another source indicates the industrial power supply units market was estimated at USD 16.5 billion in 2024, growing to USD 28.2 billion in 2034.
- Circuit Protection Products: The global circuit protection market size was valued at USD 55.2 billion in 2024 and is estimated to grow to USD 98.8 billion by 2034. North America dominated the circuit protection market with a 36% revenue share in 2023.
AI Analysis | Feedback
Bel Fuse Inc. (BELFA) is expected to drive future revenue growth over the next two to three years through several key areas:
- Aerospace, Defense, and Space Applications: Bel Fuse anticipates sustained strong demand within the aerospace and defense sectors, which includes growth in space-related applications. These markets have been significant revenue drivers for the company and are expected to continue to contribute substantially to sales.
- Artificial Intelligence (AI) Applications: The company is experiencing and expects continued growth from its products and solutions catering to Artificial Intelligence (AI) applications.
- Recovery in Networking and Consumer Premise Wiring: Bel Fuse foresees a continued rebound and positive shift in sales within the networking and consumer premise wiring markets, which are expected to contribute to diversified revenue streams.
- Strategic Mergers & Acquisitions (M&A): The company maintains an active pipeline for M&A activity and anticipates a more favorable environment for such opportunities in 2026, which could further expand its capabilities and market presence.
- Growth Through Distribution Channels: Bel Fuse expects to see continued improvement and increased sales through its distribution channel, indicating an ongoing focus on leveraging this sales avenue for broader market penetration.
AI Analysis | Feedback
Share Repurchases
- Bel Fuse's Board of Directors authorized a $25 million share repurchase program in February 2024. This program has no expiration date and does not obligate the company to repurchase any specific number of shares.
- In the fourth quarter of fiscal year 2025, the company's share count shrank by 14.4%, indicating actual share repurchases took place, contributing to increased earnings per share.
Share Issuance
- Information available indicates a net reduction in share count due to repurchases, with no significant dollar amount of shares issued by the company identified in the last 3-5 years. An affiliate did file a notice in March 2026 to sell 3,444 vested Class B shares, but this is an affiliate sale, not a company issuance.
Outbound Investments
- In March 2026, Bel Fuse Inc. announced the acquisition of dataMate, an advanced ethernet and broadband business, from Methode Electronics Inc.
- Bel Fuse's fourth quarter 2025 results included a $13.1 million non-cash impairment of its equity method investment and related loans in Innolectric, which was a previously disclosed outbound investment.
Capital Expenditures
- For the full year 2025, Bel Fuse invested $12 million in capital expenditures, primarily to support growth and efficiency initiatives.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 262.80 |
| Mkt Cap | 41.7 |
| Rev LTM | 11,970 |
| Op Inc LTM | 2,416 |
| FCF LTM | 2,006 |
| FCF 3Y Avg | 1,835 |
| CFO LTM | 2,578 |
| CFO 3Y Avg | 2,270 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.2% |
| Rev Chg 3Y Avg | 4.8% |
| Rev Chg Q | 15.2% |
| QoQ Delta Rev Chg LTM | 3.5% |
| Op Mgn LTM | 19.5% |
| Op Mgn 3Y Avg | 18.4% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 17.9% |
| CFO/Rev 3Y Avg | 17.7% |
| FCF/Rev LTM | 15.2% |
| FCF/Rev 3Y Avg | 14.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 41.7 |
| P/S | 3.8 |
| P/EBIT | 23.7 |
| P/E | 31.1 |
| P/CFO | 26.2 |
| Total Yield | 3.2% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.6% |
| 3M Rtn | 6.0% |
| 6M Rtn | 10.4% |
| 12M Rtn | 52.1% |
| 3Y Rtn | 106.6% |
| 1M Excs Rtn | -7.2% |
| 3M Excs Rtn | 4.3% |
| 6M Excs Rtn | 5.5% |
| 12M Excs Rtn | 30.2% |
| 3Y Excs Rtn | 31.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Power Solutions and Protection | 246 | 314 | 288 | 218 | 181 |
| Connectivity Solutions | 220 | 211 | 187 | 165 | 151 |
| Magnetic Solutions | 69 | 115 | 179 | 160 | 134 |
| Corporate/Other | 0 | 0 | 0 | ||
| Total | 535 | 640 | 654 | 543 | 466 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Power Solutions and Protection | 654 | 222 | 234 | 207 | 181 |
| Connectivity Solutions | 177 | 197 | 171 | 148 | 137 |
| Corporate/Other | 67 | 105 | 48 | 52 | 43 |
| Magnetic Solutions | 51 | 48 | 108 | 105 | 93 |
| Total | 950 | 572 | 560 | 512 | 454 |
Price Behavior
| Market Price | $180.38 | |
| Market Cap ($ Bil) | 2.3 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -18.4% | |
| 50 Days | 200 Days | |
| DMA Price | $190.32 | $133.53 |
| DMA Trend | up | up |
| Distance from DMA | -5.2% | 35.1% |
| 3M | 1YR | |
| Volatility | 50.3% | 54.5% |
| Downside Capture | 146.76 | 149.67 |
| Upside Capture | 291.08 | 213.08 |
| Correlation (SPY) | 58.5% | 59.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.33 | 2.03 | 2.44 | 2.28 | 1.62 | 1.47 |
| Up Beta | 3.51 | 3.40 | 2.98 | 3.24 | 1.42 | 1.48 |
| Down Beta | 2.49 | 1.30 | 1.81 | 1.89 | 1.74 | 1.58 |
| Up Capture | 304% | 390% | 529% | 433% | 408% | 521% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 13 | 26 | 40 | 76 | 141 | 391 |
| Down Capture | 88% | 49% | 104% | 140% | 121% | 105% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 8 | 15 | 21 | 48 | 110 | 346 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BELFA | |
|---|---|---|---|---|
| BELFA | 135.4% | 54.6% | 1.76 | - |
| Sector ETF (XLK) | 30.0% | 26.8% | 0.95 | 60.5% |
| Equity (SPY) | 19.6% | 18.9% | 0.81 | 59.3% |
| Gold (GLD) | 71.9% | 26.3% | 2.05 | 9.1% |
| Commodities (DBC) | 19.3% | 17.3% | 0.89 | 21.8% |
| Real Estate (VNQ) | 6.2% | 16.3% | 0.19 | 37.9% |
| Bitcoin (BTCUSD) | -15.0% | 44.2% | -0.24 | 26.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BELFA | |
|---|---|---|---|---|
| BELFA | 48.5% | 49.6% | 1.01 | - |
| Sector ETF (XLK) | 17.7% | 24.7% | 0.64 | 32.6% |
| Equity (SPY) | 13.1% | 17.0% | 0.61 | 33.9% |
| Gold (GLD) | 24.1% | 17.3% | 1.14 | 7.5% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 10.5% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 24.5% |
| Bitcoin (BTCUSD) | 6.4% | 56.7% | 0.33 | 15.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BELFA | |
|---|---|---|---|---|
| BELFA | 27.4% | 60.3% | 0.67 | - |
| Sector ETF (XLK) | 21.8% | 24.2% | 0.82 | 24.1% |
| Equity (SPY) | 14.5% | 17.9% | 0.70 | 26.4% |
| Gold (GLD) | 14.4% | 15.6% | 0.77 | 2.4% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 10.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 19.5% |
| Bitcoin (BTCUSD) | 67.5% | 66.8% | 1.07 | 10.8% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2025 | -3.1% | 1.5% | -2.9% |
| 7/24/2025 | 20.2% | 25.3% | 24.7% |
| 2/18/2025 | -2.1% | -1.3% | -9.9% |
| 10/23/2024 | 1.2% | 0.0% | -7.8% |
| 7/24/2024 | 9.1% | 14.4% | 3.4% |
| 2/21/2024 | -21.2% | -21.5% | -3.0% |
| 10/25/2023 | 19.7% | 35.2% | 39.1% |
| 7/26/2023 | -3.9% | -15.7% | -19.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 11 |
| # Negative | 8 | 6 | 8 |
| Median Positive | 11.9% | 17.8% | 24.7% |
| Median Negative | -4.5% | -5.4% | -8.8% |
| Max Positive | 20.2% | 35.2% | 45.5% |
| Max Negative | -21.2% | -21.5% | -22.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hutkin, Lynn | Chief Financial Officer | Direct | Sell | 12162025 | 169.68 | 5,000 | 848,389 | 3,876,797 | Form |
| 2 | Bernstein, Daniel | Direct | Sell | 11192025 | 144.23 | 2,323 | 335,053 | 4,244,339 | Form | |
| 3 | Bernstein, Daniel | Direct | Sell | 11192025 | 141.96 | 677 | 96,110 | 4,081,491 | Form | |
| 4 | Lai, Kenneth Koon Keung | VP of Asia Operations | Direct | Sell | 11192025 | 144.23 | 1,936 | 279,235 | 1,199,873 | Form |
| 5 | Lai, Kenneth Koon Keung | VP of Asia Operations | Direct | Sell | 11192025 | 141.96 | 564 | 80,068 | 1,100,938 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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