Belden
Market Cap
US$2.4b
Last Updated
2019/10/16 23:50 UTC
Data Sources
Company Financials +
Executive Summary
Belden Inc. operates as a signal transmission solutions company in the United States and internationally.
Snowflake
Fundamentals
Undervalued with proven track record.
Similar Companies
Share Price & News
How has Belden's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
6.5%
BDC
4.0%
US Electronic
2.3%
US Market
1 Year Return
-17.7%
BDC
9.8%
US Electronic
5.6%
US Market
Return vs Industry: BDC underperformed the US Electronic industry which returned 9.8% over the past year.
Return vs Market: BDC underperformed the US Market which returned 5.6% over the past year.
Shareholder returns
| BDC | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.5% | 4.0% | 2.3% |
| 30 Day | -2.4% | -0.4% | -1.0% |
| 90 Day | -2.6% | 3.3% | -0.7% |
| 1 Year | -17.3%-17.7% | 10.9%9.8% | 7.9%5.6% |
| 3 Year | -21.3%-22.0% | 53.3%49.1% | 45.6%36.3% |
| 5 Year | -15.2%-16.5% | 90.9%81.7% | 65.8%47.6% |
Price Volatility Vs. Market
How volatile is Belden's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
These 4 Measures Indicate That Belden (NYSE:BDC) Is Using Debt Reasonably Well3 months ago | Simply Wall St
Is It Too Late To Buy Belden Inc. (NYSE:BDC) At Its June Price?4 months ago | Simply Wall St
Investors Who Bought Belden (NYSE:BDC) Shares Five Years Ago Are Now Down 25%Valuation
Is Belden undervalued compared to its fair value and its price relative to the market?
24.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: BDC ($52.9) is trading below our estimate of fair value ($70.46)
Significantly Undervalued: BDC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BDC is good value based on its PE Ratio (13x) compared to the Electronic industry average (19x).
PE vs Market: BDC is good value based on its PE Ratio (13x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: BDC is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: BDC is good value based on its PB Ratio (1.4x) compared to the US Electronic industry average (2x).
Next Steps
Future Growth
How is Belden forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
14.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDC's forecast earnings growth (14.4% per year) is above the savings rate (2.7%).
Earnings vs Market: BDC's earnings (14.4% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: BDC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BDC's revenue (0.2% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: BDC's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: BDC's Return on Equity is forecast to be low in 3 years time (16.7%).
Next Steps
Past Performance
How has Belden performed over the past 5 years?
12.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BDC's earnings have grown by 12.3% per year over the past 5 years.
Accelerating Growth: BDC's earnings growth over the past year (474.4%) exceeds its 5-year average (12.3% per year).
Earnings vs Industry: BDC earnings growth over the past year (474.4%) exceeded the Electronic industry 58.6%.
Return on Equity
High ROE: BDC's Return on Equity (13.7%) is considered low.
Return on Assets
ROA vs Industry: BDC's Return on Assets is below or equal to the Electronic industry average last year.
Return on Capital Employed
ROCE Improving: BDC has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Belden's financial position?
Financial Position Analysis
Short Term Liabilities: BDC's short term assets ($1.1B) exceeds its short term liabilities ($590.0M)
Long Term Liabilities: BDC's short term assets (1.1B) do not cover its long term liabilities (1.8B)
Debt to Equity History and Analysis
Debt Level: BDC's debt to equity ratio (101.7%) is considered high
Reducing Debt: BDC's debt to equity ratio has reduced from 187% to 101.7% over the past 5 years.
Debt Coverage: BDC's debt is well covered by operating cash flow (23.3%).
Interest Coverage: BDC's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Inventory Level: BDC has a high level of physical assets or inventory.
Debt Coverage by Assets: BDC's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Belden's current dividend yield, its reliability and sustainability?
0.38%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: BDC's dividend (0.38%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: BDC's dividend (0.38%) is low compared to the top 25% of dividend payers in the US market (3.76%).
Stable Dividend: BDC is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: BDC is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BDC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BDC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Belden's salary, the management and board of directors tenure and is there insider trading?
4.5yrs
Average management tenure
CEO
John Stroup (53yo)
14yrs
Tenure
US$6,335,887
Compensation
Mr. John S. Stroup has been the Chief Executive Officer and President of Belden Inc. since October 31, 2005 and has been its Chairman since November 30, 2016. Mr. Stroup served as the Head of EMEA Business ...
CEO Compensation Analysis
Compensation vs. Market: John's total compensation ($USD6.34M) is about average for companies of similar size in the US market ($USD5.13M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.5yrs
Average Tenure
50yo
Average Age
Experienced Management: BDC's management team is considered experienced (4.5 years average tenure).
Board Age and Tenure
7.6yrs
Average Tenure
61yo
Average Age
Experienced Board: BDC's board of directors are considered experienced (7.6 years average tenure).
Insider Trading
Insider Buying: BDC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 800 |
| Max Price | US$45.46 |
| Entity | Individual |
| Role | Chief Operating Officer Chief Operating Officer |
| Shares | 447 |
| Max Price | US$55.94 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP of Finance & CFO |
| Shares | 1,431 |
| Max Price | US$53.65 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 9,250 |
| Max Price | US$53.44 |
Ownership Breakdown
Management Team
John Stroup (53yo)
President
- Tenure: 14yrs
- Compensation: US$6.34m
Kevin Maczka
VP, Treasurer & Investor Relations
- Tenure: 0yrs
Henk Derksen (50yo)
Senior VP of Finance & CFO
- Tenure: 7.8yrs
- Compensation: US$4.73m
Dhrupad Trivedi (52yo)
Executive VP & CTO
- Tenure: 1.7yrs
- Compensation: US$1.07m
Glenn Pennycook (57yo)
Executive Vice President of Enterprise Solutions
- Tenure: 6.4yrs
- Compensation: US$3.83m
Roel Vestjens (44yo)
Chief Operating Officer
- Tenure: 0.3yrs
- Compensation: US$3.81m
Doug Zink (43yo)
VP & Chief Accounting Officer
- Tenure: 6.1yrs
Brian Anderson (44yo)
Senior VP of Legal
- Tenure: 4.5yrs
Dean McKenna (50yo)
Senior Vice President of Human Resources
- Tenure: 4.4yrs
Paul Turner (55yo)
Senior Vice President of Sales
- Tenure: 2.7yrs
Board Members
Bryan Cressey (70yo)
Independent Director
- Tenure: 34.8yrs
- Compensation: US$240.27k
Steve Berglund (67yo)
Director
- Tenure: 5.8yrs
- Compensation: US$222.68k
Dave Aldrich (62yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$270.58k
John Stroup (53yo)
President
- Tenure: 14yrs
- Compensation: US$6.34m
Jonathan Klein (61yo)
Director
- Tenure: 4.2yrs
- Compensation: US$223.18k
Lance Balk (61yo)
Director
- Tenure: 19.6yrs
- Compensation: US$257.00k
George Minnich (69yo)
Independent Director
- Tenure: 9.4yrs
- Compensation: US$242.45k
Diane Brink (60yo)
Director
- Tenure: 1.8yrs
- Compensation: US$222.44k
Judy L. Brown (50yo)
Independent Director
- Tenure: 11.7yrs
- Compensation: US$236.22k
Company Information
Belden Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Belden Inc.
- Ticker: BDC
- Exchange: NYSE
- Founded: 1902
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$2.404b
- Shares outstanding: 45.45m
- Website: https://www.belden.com
Number of Employees
Location
- Belden Inc.
- 1 North Brentwood Boulevard
- 15th Floor
- St. Louis
- Missouri
- 63105
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BDC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 2004 |
| QCTA | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2004 |
Biography
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 E ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:50 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.