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Belden

DB:QCTA
Snowflake Description

Very undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QCTA
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Belden Inc. operates as a signal transmission solutions company in the United States and internationally. The last earnings update was 60 days ago. More info.


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QCTA Share Price and Events
7 Day Returns
-3.1%
DB:QCTA
1.6%
DE Electronic
1.8%
DE Market
1 Year Returns
-7%
DB:QCTA
-0.2%
DE Electronic
-6%
DE Market
QCTA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Belden (QCTA) -3.1% 4.3% 13% -7% -10.1% -3.2%
DE Electronic 1.6% 7% 19.8% -0.2% 98.5% 105%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • QCTA underperformed the Electronic industry which returned -0.2% over the past year.
  • QCTA underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
QCTA
Industry
5yr Volatility vs Market

Value

 Is Belden undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Belden to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Belden.

DB:QCTA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:QCTA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 21%) (62.95%))
1.401
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.401 * 5.96%)
8.58%

Discounted Cash Flow Calculation for DB:QCTA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Belden is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:QCTA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.58%)
2019 220.85 Analyst x4 203.40
2020 254.43 Analyst x3 215.82
2021 297.20 Analyst x2 232.18
2022 321.55 Est @ 8.19% 231.36
2023 340.21 Est @ 5.8% 225.46
2024 354.27 Est @ 4.13% 216.22
2025 364.76 Est @ 2.96% 205.04
2026 372.56 Est @ 2.14% 192.88
2027 378.40 Est @ 1.57% 180.43
2028 382.81 Est @ 1.17% 168.11
Present value of next 10 years cash flows $2,070.91
DB:QCTA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $382.81 × (1 + 0.23%) ÷ (8.58% – 0.23%)
$4,595.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,595.47 ÷ (1 + 8.58%)10
$2,018.11
DB:QCTA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,070.91 + $2,018.11
$4,089.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,089.03 / 39.45
$103.66
DB:QCTA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:QCTA represents 0.87746x of NYSE:BDC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87746x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 103.66 x 0.87746
€90.95
Value per share (EUR) From above. €90.95
Current discount Discount to share price of €51.70
= -1 x (€51.70 - €90.95) / €90.95
43.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Belden is available for.
Intrinsic value
43%
Share price is €51.7 vs Future cash flow value of €90.95
Current Discount Checks
For Belden to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Belden's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Belden's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Belden's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Belden's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:QCTA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.10
NYSE:BDC Share Price ** NYSE (2019-04-18) in USD $58.92
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Belden.

DB:QCTA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BDC Share Price ÷ EPS (both in USD)

= 58.92 ÷ 3.10

19.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belden is good value based on earnings compared to the DE Electronic industry average.
  • Belden is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Belden's expected growth come at a high price?
Raw Data
DB:QCTA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
19.3%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:QCTA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.03x ÷ 19.3%

0.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belden is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Belden's assets?
Raw Data
DB:QCTA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $35.21
NYSE:BDC Share Price * NYSE (2019-04-18) in USD $58.92
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:QCTA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BDC Share Price ÷ Book Value per Share (both in USD)

= 58.92 ÷ 35.21

1.67x

* Primary Listing of Belden.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belden is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Belden's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Belden has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Belden expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Belden expected to grow at an attractive rate?
  • Belden's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Belden's earnings growth is expected to exceed the Germany market average.
  • Belden's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:QCTA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:QCTA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 19.3%
DB:QCTA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.4%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:QCTA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:QCTA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,610 398 223 3
2020-12-31 2,588 371 209 9
2019-12-31 2,538 324 167 9
DB:QCTA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,585 289 126
2018-09-30 2,535 253 113
2018-07-01 2,501 191 28
2018-04-01 2,443 184 35
2017-12-31 2,389 255 58
2017-10-01 2,396 271 61
2017-07-02 2,376 289 98
2017-04-02 2,367 290 113
2016-12-31 2,357 315 113
2016-10-02 2,341 297 138
2016-07-03 2,320 297 123
2016-04-03 2,304 302 103

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Belden's earnings are expected to grow by 19.3% yearly, however this is not considered high growth (20% yearly).
  • Belden's revenue is expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:QCTA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Belden Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QCTA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.26 5.26 5.26 1.00
2020-12-31 4.57 4.93 4.22 2.00
2019-12-31 3.68 3.85 3.51 2.00
DB:QCTA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.10
2018-09-30 2.74
2018-07-01 0.67
2018-04-01 0.84
2017-12-31 1.38
2017-10-01 1.45
2017-07-02 2.33
2017-04-02 2.68
2016-12-31 2.67
2016-10-02 3.27
2016-07-03 2.92
2016-04-03 2.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Belden is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Belden's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Belden has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Belden performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Belden's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Belden's year on year earnings growth rate has been positive over the past 5 years.
  • Belden's 1-year earnings growth exceeds its 5-year average (116.1% vs 0.9%)
  • Belden's earnings growth has exceeded the DE Electronic industry average in the past year (116.1% vs 18.1%).
Earnings and Revenue History
Belden's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Belden Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QCTA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,585.37 125.96 486.93 135.09
2018-09-30 2,534.86 112.96 472.23 131.60
2018-07-01 2,500.83 28.10 462.26 133.97
2018-04-01 2,442.83 35.21 454.62 135.11
2017-12-31 2,388.64 58.28 451.74 134.13
2017-10-01 2,396.19 61.11 460.67 139.21
2017-07-02 2,375.56 98.28 465.07 137.38
2017-04-02 2,366.56 113.07 467.46 138.49
2016-12-31 2,356.67 112.58 472.13 139.72
2016-10-02 2,341.48 137.63 474.72 140.21
2016-07-03 2,319.64 122.98 476.45 143.17
2016-04-03 2,303.76 102.63 481.93 143.15
2015-12-31 2,309.22 66.53 484.62 142.21
2015-09-27 2,320.89 32.27 476.62 138.18
2015-06-28 2,352.40 51.30 474.63 130.96
2015-03-29 2,367.53 29.64 467.59 125.04
2014-12-31 2,308.27 74.43 437.49 110.31
2014-09-28 2,209.11 82.95 420.28 100.51
2014-06-29 2,120.81 78.17 398.37 92.11
2014-03-30 2,049.41 107.65 372.48 81.72
2013-12-31 2,069.19 104.73 371.51 81.98
2013-09-29 2,037.13 120.28 368.27 78.67
2013-06-30 1,979.89 35.53 361.95 75.74
2013-03-31 1,908.61 45.74 346.39 70.63
2012-12-31 1,840.74 43.24 335.93 64.01
2012-09-30 1,727.65 16.80 320.50 59.49
2012-07-01 1,782.13 103.85 317.58 55.22

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Belden has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Belden used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Belden has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Belden's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Belden has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Belden's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Belden's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Belden is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Belden's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Belden's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Belden Company Filings, last reported 3 months ago.

DB:QCTA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,387.59 1,463.20 420.61
2018-09-30 1,390.30 1,503.60 329.03
2018-07-01 1,351.11 1,482.93 261.45
2018-04-01 1,292.15 1,662.65 362.86
2017-12-31 1,434.87 1,560.75 561.11
2017-10-01 1,442.36 1,530.08 461.36
2017-07-02 1,479.10 1,679.38 670.36
2017-04-02 1,466.12 1,641.93 815.92
2016-12-31 1,461.32 1,620.16 848.12
2016-10-02 1,413.05 1,693.43 748.31
2016-07-03 884.46 1,684.37 175.77
2016-04-03 839.31 1,692.16 146.26
2015-12-31 825.52 1,727.78 216.75
2015-09-27 773.15 1,916.58 241.90
2015-06-28 820.51 1,921.20 208.42
2015-03-29 797.22 1,906.91 166.70
2014-12-31 807.19 1,767.92 741.16
2014-09-28 836.88 1,538.68 449.10
2014-06-29 834.78 1,561.57 444.97
2014-03-30 850.00 1,368.71 569.58
2013-12-31 836.54 1,367.04 613.30
2013-09-29 804.52 1,343.78 503.84
2013-06-30 795.31 1,330.91 476.20
2013-03-31 802.46 1,333.33 469.41
2012-12-31 811.86 1,151.21 395.10
2012-09-30 648.88 972.53 385.64
2012-07-01 697.80 550.27 337.28
  • Belden's level of debt (105.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (163.4% vs 105.4% today).
  • Debt is not well covered by operating cash flow (19.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Belden's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Belden has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Belden's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.34%
Current annual income from Belden dividends. Estimated to be 0.34% next year.
If you bought €2,000 of Belden shares you are expected to receive €7 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Belden's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Belden's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:QCTA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:QCTA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.20 2.00
2020-12-31 0.20 4.00
2019-12-31 0.20 4.00
DB:QCTA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.200 0.346
2018-11-29 0.200 0.414
2018-08-20 0.200 0.317
2018-05-24 0.200 0.318
2018-03-01 0.200 0.304
2017-11-30 0.200 0.253
2017-08-21 0.200 0.248
2017-05-25 0.200 0.269
2017-02-23 0.200 0.288
2016-11-30 0.200 0.262
2016-08-22 0.200 0.292
2016-05-26 0.200 0.300
2016-02-25 0.200 0.331
2015-12-03 0.200 0.442
2015-08-25 0.200 0.373
2015-05-28 0.200 0.284
2015-02-26 0.200 0.224
2014-11-25 0.200 0.246
2014-08-27 0.200 0.295
2014-05-28 0.200 0.270
2014-03-05 0.200 0.278
2013-12-04 0.200 0.291
2013-08-29 0.200 0.306
2013-05-30 0.200 0.366
2013-03-05 0.200 0.394
2012-11-28 0.200 0.439
2012-08-30 0.200 0.542
2012-05-30 0.200 0.604
2012-02-28 0.200 0.558
2011-11-16 0.200 0.560
2011-08-17 0.200 0.683
2011-05-18 0.200 0.588
2011-03-02 0.200 0.541
2010-11-17 0.200 0.548
2010-08-19 0.200 0.758
2010-05-19 0.200 0.815
2010-02-23 0.200 0.764
2009-11-18 0.200 0.869
2009-08-20 0.200 0.857
2009-05-20 0.200 1.090
2009-04-22 0.200 1.175

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Belden is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Belden is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Belden's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Belden's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Belden's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Belden's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Belden afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Belden has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Belden's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Stroup
COMPENSATION $7,012,404
AGE 52
TENURE AS CEO 13.5 years
CEO Bio

Mr. John S. Stroup has been the Chief Executive Officer and President of Belden Inc. since October 31, 2005 and has been its Chairman since November 30, 2016. Mr. Stroup served as the Head of EMEA Business Segment at Belden Inc. since April 2009. Mr. Stroup served as the Chief Executive Officer and President of Cable Design Technologies Corporation since October 31, 2005. He joined Belden in 2005. He has significant experience in strategic planning and general management of business units of public companies (including as chief executive officer). He served as Vice President and Group Executive of Danaher Motion Group of Danaher Corp. since June 17, 2003. He joined Danaher in 2000 as Vice President of Business Development of the Danaher Motion Group and was appointed President of the Kollmorgen Industrial and Commercial Division in early 2001. He served as President of a division of Danaher's Motion Group. He served as President of General Purpose Systems. Mr. Stroup served as Vice President of Marketing and General Manager with Scientific Technologies Incorporated since 1998. Mr. Stroup spent the previous 10 years in sales and marketing positions for Parker Hannifin's Compumotor Division and Rockwell Automation. He serves as a Director of Barry-Wehmiller Companies, Inc. Mr. Stroup has been a Director at Belden Inc. since October 31, 2005 and RBS Global Inc. since October 29, 2008. He has been Trustee of Manufacturers Alliance/MAPI, Inc. since June 18, 2009. He has been a Director at Rexnord Corporation and Rexnord Holdings, Inc. since October 2008. He served as a Director at Cable Design Technologies Corporation since October 31, 2005. Mr. Stroup holds his Bachelor of Science in Mechanical Engineering from Northwestern University in 1988 and his Master of Business Administration from the University of California at Berkeley Haas School of Business in 1994.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year.
  • John's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Belden management team in years:

5.6
Average Tenure
49
Average Age
  • The average tenure for the Belden management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Stroup

TITLE
President
COMPENSATION
$7M
AGE
52
TENURE
13.5 yrs

Henk Derksen

TITLE
Senior VP of Finance & CFO
COMPENSATION
$2M
AGE
49
TENURE
7.3 yrs

Dhrupad Trivedi

TITLE
Executive VP & CTO
COMPENSATION
$1M
AGE
51
TENURE
1.2 yrs

Roel Vestjens

TITLE
Executive Vice President of Industrial Solutions
COMPENSATION
$1M
AGE
43
TENURE
5.1 yrs

Glenn Pennycook

TITLE
Executive Vice President of Enterprise Solutions
COMPENSATION
$2M
AGE
56
TENURE
5.9 yrs

Leo Kulmaczewski

TITLE
Senior Vice President of Operations & Lean Enterprise
AGE
52
TENURE
0.5 yrs

Doug Zink

TITLE
VP & Chief Accounting Officer
AGE
42
TENURE
5.6 yrs

Kevin Maczka

TITLE
VP, Treasurer & Investor Relations

Brian Anderson

TITLE
Senior VP of Legal
AGE
43
TENURE
4 yrs

Ross Rosenberg

TITLE
Senior Vice President of Strategy & Corporate Development
COMPENSATION
$1M
AGE
48
TENURE
6.2 yrs
Board of Directors Tenure

Average tenure and age of the Belden board of directors in years:

8.9
Average Tenure
60.5
Average Age
  • The tenure for the Belden board of directors is about average.
Board of Directors

John Stroup

TITLE
President
COMPENSATION
$7M
AGE
52
TENURE
2.4 yrs

Lance Balk

TITLE
Director
COMPENSATION
$250K
AGE
60
TENURE
19.1 yrs

Bryan Cressey

TITLE
Director
COMPENSATION
$278K
AGE
69
TENURE
34.3 yrs

Dave Aldrich

TITLE
Lead Independent Director
COMPENSATION
$227K
AGE
61

George Minnich

TITLE
Director
COMPENSATION
$239K
AGE
68
TENURE
8.9 yrs

John Monter

TITLE
Director
COMPENSATION
$240K
AGE
70
TENURE
14.8 yrs

Judy L. Brown

TITLE
Director
COMPENSATION
$233K
AGE
49
TENURE
11.2 yrs

Steve Berglund

TITLE
Director
COMPENSATION
$220K
AGE
66
TENURE
5.3 yrs

Jonathan Klein

TITLE
Director
COMPENSATION
$220K
AGE
60
TENURE
3.7 yrs

Diane Brink

TITLE
Director
COMPENSATION
$212K
AGE
59
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Nov 18 Buy Roel Vestjens Individual 14. Nov 18 14. Nov 18 447 €49.43 €22,094
05. Nov 18 Buy Hendrikus P. Derksen Individual 02. Nov 18 02. Nov 18 1,431 €47.13 €67,438
02. Nov 18 Buy John Stroup Individual 01. Nov 18 01. Nov 18 9,250 €46.90 €433,830
31. Aug 18 Sell Paul Turner Individual 31. Aug 18 31. Aug 18 -247 €62.07 €-15,332
14. May 18 Buy Bryan Cressey Individual 14. May 18 14. May 18 2,000 €45.37 €90,746
X
Management checks
We assess Belden's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Belden has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Belden Inc. operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications. It also provides power, cooling, and airflow management products for mission-critical data center operations. This segment serves customers in markets comprising healthcare, education, financial, government, and corporate enterprises, as well as end-markets, including sport venues, broadcast studios, and academias. The Industrial Solutions segment offers infrastructure components and on-machine connectivity systems, including industrial and input/output (I/O) connectors, industrial cables, IP and networking cables, I/O modules, distribution boxes, ruggedized controls and sensors, and customer specific wiring solutions. This segment provides its products for use in industrial automation applications comprising network and fieldbus infrastructure; sensor and actuator connectivity; and power, control, and data transmission. The company serves distributors, original equipment manufacturers, installers, and end-users. The company was formerly known as Belden CDT Inc. and changed its name to Belden Inc. in May 2007. Belden Inc. was founded in 1902 and is based in St. Louis, Missouri.

Details
Name: Belden Inc.
QCTA
Exchange: DB
Founded: 1902
$2,066,766,689
39,448,388
Website: http://www.belden.com
Address: Belden Inc.
1 North Brentwood Boulevard,
15th Floor,
St. Louis,
Missouri, 63105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BDC Common Stock New York Stock Exchange US USD 16. Jul 2004
DB QCTA Common Stock Deutsche Boerse AG DE EUR 16. Jul 2004
NYSE BDC.PRB DEP PFD COV B New York Stock Exchange US USD 21. Jul 2016
Number of employees
Current staff
Staff numbers
9,000
Belden employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.