Bel Fuse Inc. (BELFB) vs Universal Display Corporation (OLED)

Bel Fuse Inc. and Universal Display Corporation are both Electronic Components companies. Bel Fuse Inc. and Universal Display Corporation are of similar size ($3.5B and $3.4B). Universal Display Corporation trades at the lower P/E: 18.6× against 61.0×. Bel Fuse Inc. grew revenue faster over the last twelve months: 25.3% against −8.32%. Universal Display Corporation has the higher net margin (32.2% vs 7.21%) and the lower return on invested capital (10.7% vs 12.3%). Both pay a dividend; Universal Display Corporation yields more (0.75% vs 0.40%). Across the 22 metrics below, Universal Display Corporation leads on 16 and Bel Fuse Inc. on 6.

Valuation

Metric BELFB OLED Electronic Components median
P/E 61.04 18.65 39.06
P/S 4.62 5.95 3.22
P/B 3.78 2.14 3.30
Price to free cash flow 45.05 21.24 26.65
EV/EBITDA 22.73 12.19 19.69
EV/Sales 4.49 5.17 3.53
Earnings yield 1.64% 5.36% 1.34%
Free cash flow yield 2.22% 4.71% 0.40%

Profitability

Metric BELFB OLED Electronic Components median
Gross margin 39.52% 75.33% 33.21%
Operating margin 15.88% 34.07% 3.53%
Net margin 7.21% 32.22% 2.57%
Free cash flow margin 10.25% 28.01% 0.20%
Return on equity 8.17% 11.51% 2.60%
Return on assets 4.85% 10.24% 2.50%
Return on invested capital 12.25% 10.66% 2.28%

Growth

Metric BELFB OLED Electronic Components median
Revenue growth (TTM) 25.26% (8.32%) 12.01%
EPS growth (last fiscal year) 49.70% 9.25% —
Revenue growth, 5-year CAGR 7.72% 8.69% 7.19%
Net income growth, 5-year CAGR 36.90% 12.82% 0.00%

Health

Metric BELFB OLED Electronic Components median
Debt to equity 0.00 0.00 0.16
Current ratio 4.48 8.50 2.41
Net debt to EBITDA 1.00 (2.04) 0.32

Dividend

Metric BELFB OLED Electronic Components median
Dividend yield 0.40% 0.75% 1.18%
Payout ratio 0.05 0.30 0.00

Size

Metric BELFB OLED Electronic Components median
Market cap 3.52b 3.38b 780.25m

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