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BEL FUSE INC. A - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

BEL FUSE INC. A (ISIN: US0773472016, WKN: 876528) Kursdatum: 21.07.2017 Kurs: 22,000 USD
Beschreibung Daten
Symbol BELFA
Marktkapitalisierung 264.000.000,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Industriegüter
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 1999-12-02 - 2:1 |
Internet
Letztes Bilanz Update 10.03.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
8,69 6,84 1,27% -15,41 37,13 -4,02 0,53 1,67

Firmenbeschreibung

19.            SELECTED QUARTERLY DATA (UNAUDITED)  Quarterly results for the year ended December 31, 2015 and 2014 are summarized as follows:  2015      First  Second  Third  Fourth      Quarter(a)  Quarter  Quarter  Quarter              Net sales $142,015  $145,658  $144,161  $135,246                      Cost of sales  115,202 (a)  117,098   116,749   109,203                      Net earnings  5,320 (a)  6,062   4,920   2,895                      Net earnings per share:                  Class A common share - basic and diluted $0.43 (a) $0.49  $0.39  $0.23   Class B common share - basic and diluted $0.45 (a) $0.52  $0.42  $0.25                                                             2014   First  Second  Third  Fourth      Quarter  Quarter  Quarter  Quarter(b)                      Net sales $82,646  $99,439  $156,341  $148,650                      Cost of sales  68,576   81,493   128,561   121,091 (b)                     Net earnings  2,503   3,065   1,261   1,774 (b)                     Earnings per share:                  Class A common share - basic and diluted $0.20

Firmenstrategie

Principles of Consolidation - The consolidated financial statements include all of the accounts of the Company and its wholly owned subsidiaries, including businesses acquired since their respective dates of acquisition.  All intercompany transactions and balances have been eliminated in consolidation.

RevenueRecognitionPolicyTextBlock

Revenue Recognition – Revenue is recognized when the product has been delivered and title and risk of loss has passed to the customer, collection of the resulting receivable is deemed reasonably assured by management, persuasive evidence of an arrangement exists and the sales price is fixed and determinable.  Substantially all of our shipments are FCA (free carrier), which provides for title to pass upon delivery to the customer's freight carrier.  Some product is shipped DDP/DDU with title passing when the product arrives at the customer's dock.  DDP is defined as Delivered Duty Paid by the Company and DDU is Delivered Duty Unpaid by the Company.


For certain customers, we provide consigned inventory, either at the customer's facility or at a third-party warehouse. Sales of consigned inventory are recorded when the customer withdraws inventory from consignment.


The Company is not contractually obligated to accept returns except for defective product or in instances where the product does not meet the Company's product specifications.  However, the Company may permit its customers to return product for other reasons.  In these instances, the Company would generally require a significant cancellation penalty payment by the customer.  The Company estimates such returns, where applicable, based upon management's evaluation of historical experience, market acceptance of products produced and known negotiations with customers.  Such estimates are deducted from sales and provided for at the time revenue is recognized.

SegmentReportingDisclosureTextBlock

12.            SEGMENTS


The Company operates in one industry with three reportable operating segments, which are geographic in nature.  The segments consist of North America, Asia and Europe.  The primary criteria by which financial performance is evaluated and resources are allocated are net sales and income from operations.  The following is a summary of key financial data:



EarningsPerSharePolicyTextBlock

Earnings per Share  – We utilize the two-class method to report our earnings per share.  The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock according to dividends declared and participation rights in undistributed earnings.  The Company's Certificate of Incorporation, as amended, states that Class B common shares are entitled to dividends at least 5% greater than dividends paid to Class A common shares, resulting in the two-class method of computing earnings per share.  In computing earnings per share, the Company has allocated dividends declared to Class A and Class B based on amounts actually declared for each class of stock and 5% more of the undistributed earnings have been allocated to Class B shares than to the Class A shares on a per share basis.  Basic earnings per common share are computed by dividing net earnings by the weighted-average number of common shares outstanding during the period.  Diluted earnings per common share, for each class of common stock, are computed by dividing net earnings by the weighted-average number of common shares and potential common shares outstanding during the period. There were no potential common shares outstanding during the years ended December 31, 2015, 2014 or 2013 which would have had a dilutive effect on earnings per share.


The earnings and weighted average shares outstanding used in the computation of basic and diluted earnings per share are as follows:



   
2015
   
2014
   
2013
 
Net Sales to External Customers:
           
    North America
 
$
304,328
   
$
217,258
   
$
116,548
 
     Asia
   
188,146
     
201,338
     
193,647
 
    Europe
   
74,606
     
68,480
     
38,994
 
    
$
567,080
   
$
487,076
   
$
349,189
 
                         
Net Sales:
                       
    North America
 
$
329,304
   
$
248,007
   
$
128,472
 
     Asia
   
295,751
     
275,765
     
225,151
 
    Europe
   
148,735
     
114,748
     
40,742
 
    Less intercompany
                       
      net sales
   
(206,710
)
   
(151,444
)
   
(45,176
)
    
$
567,080
   
$
487,076
   
$
349,189
 
                         
Income (Loss) from Operations:
                       
    North America
 
$
11,012
   
$
(4,531
)
 
$
(1,560
)
     Asia
   
8,175
     
13,090
     
15,356
 
    Europe
   
9,413
     
4,913
     
1,251
 
    
$
28,600
   
$
13,472
   
$
15,047
 
                         
Total Assets:
                       
    North America
 
$
247,436
   
$
314,565
   
$
117,261
 
     Asia
   
231,063
     
251,240
     
148,780
 
    Europe
   
108,512
     
69,616
     
42,100
 
    
$
587,011
   
$
635,421
   
$
308,141
 
                         
Capital Expenditures:
                       
    North America
 
$
2,425
   
$
3,862
   
$
2,064
 
     Asia
   
4,888
     
4,089
     
4,551
 
    Europe
   
2,578
     
1,091
     
325
 
    
$
9,891
   
$
9,042
   
$
6,940
 
                         
   
2015
   
2014
   
2013
 
Numerator:
           
Net earnings
 
$
19,197
   
$
8,603
   
$
15,908
 
Less dividends declared:
                       
     Class A
   
522
     
522
     
522
 
     Class B
   
2,713
     
2,665
     
2,576
 
Undistributed earnings
 
$
15,962
   
$
5,416
   
$
12,810
 
                         
Undistributed earnings allocation - basic and diluted:
                       
     Class A undistributed earnings
 
$
2,809
   
$
970
   
$
2,346
 
     Class B undistributed earnings
   
13,153
     
4,446
     
10,464
 
     Total undistributed earnings
 
$
15,962
   
$
5,416
   
$
12,810
 
                         
Net earnings allocation - basic and diluted:
                       
     Class A net earnings
 
$
3,331
   
$
1,492
   
$
2,868
 
     Class B net earnings
   
15,866
     
7,111
     
13,040
 
     Net earnings
 
$
19,197
   
$
8,603
   
$
15,908
 
                         
                         
Denominator:
                       
Weighted average shares outstanding:
                       
     Class A - basic and diluted
   
2,175
     
2,175
     
2,175
 
     Class B - basic and diluted
   
9,698
     
9,491
     
9,240
 
                         
Net earnings per share:
                       
Class A - basic and diluted
 
$
1.53
   
$
0.69
   
$
1.32
 
Class B - basic and diluted
 
$
1.64
   
$
0.75
   
$
1.41