Belden
Belden Inc. operates as a signal transmission solutions company in the United States and internationally. The last earnings update was 57 days ago. More info.
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BDC Share Price and Events
7 Day Returns
1 Year Returns
BDC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Belden (BDC) | -0.2% | 2.8% | 11.4% | -15.4% | -7.2% | -21.4% |
| US Electronic | 2.8% | 6.1% | 20% | 9.1% | 67.4% | 65.3% |
| US Market | 0.8% | 2.6% | 10.6% | 5.9% | 37.7% | 45.5% |
1 Year Return vs Industry and Market
- BDC underperformed the Electronic industry which returned 9.1% over the past year.
- BDC underperformed the Market in United States of America which returned 5.9% over the past year.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Belden.
| 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 | 11.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| 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))
= 1.069 (1 + (1- 21%) (62.95%)) |
1.402 |
| 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)
= 2.73% + (1.402 * 5.96%) |
11.09% |
Discounted Cash Flow Calculation for NYSE:BDC 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 11.09%) |
|
|---|---|---|---|
| 2019 | 220.85 | Analyst x4 | 198.81 |
| 2020 | 254.43 | Analyst x3 | 206.17 |
| 2021 | 297.20 | Analyst x2 | 216.79 |
| 2022 | 323.78 | Est @ 8.94% | 212.61 |
| 2023 | 346.71 | Est @ 7.08% | 204.93 |
| 2024 | 366.73 | Est @ 5.77% | 195.13 |
| 2025 | 384.56 | Est @ 4.86% | 184.19 |
| 2026 | 400.79 | Est @ 4.22% | 172.81 |
| 2027 | 415.92 | Est @ 3.77% | 161.43 |
| 2028 | 430.32 | Est @ 3.46% | 150.35 |
| Present value of next 10 years cash flows | $1,903.22 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $430.32 × (1 + 2.73%) ÷ (11.09% – 2.73%) |
$5,288.76 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $5,288.76 ÷ (1 + 11.09%)10 |
$1,847.83 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,903.22 + $1,847.83 |
$3,751.05 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,751.05 / 39.45 |
$95.09 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $95.09 |
| Current discount | Discount to share price of
$58.92
= -1 x ($58.92 - $95.09) / $95.09 |
38% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- 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, but not 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?
| 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 |
| United States of America Electronic Industry PE Ratio | Median Figure of 92 Publicly-Listed Electronic Companies | 21.76x |
| United States of America Market PE Ratio | Median Figure of 3,078 Publicly-Listed Companies | 18.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Belden.
| 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 US Electronic industry average.
- Belden is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Belden's expected growth come at a high price?
| 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 |
| United States of America Electronic Industry PEG Ratio | Median Figure of 58 Publicly-Listed Electronic Companies | 1.7x |
| United States of America Market PEG Ratio | Median Figure of 2,108 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| 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?
| 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 |
| United States of America Electronic Industry PB Ratio | Median Figure of 146 Publicly-Listed Electronic Companies | 2.17x |
| United States of America Market PB Ratio | Median Figure of 5,172 Publicly-Listed Companies | 1.93x |
| 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 US Electronic industry average.
Value checks
We assess Belden's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) Belden has a total score of 4/6, 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!
Earnings growth vs Low Risk Savings
- Belden's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Belden's earnings growth is expected to exceed the United States of America market average.
- Belden's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:BDC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 19.3% |
| NYSE:BDC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 0.4% |
| United States of America Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 16.9% |
| United States of America Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Belden's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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 US Electronic industry average in the past year (116.1% vs 62.1%).
Earnings and Revenue History
All data from Belden Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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 US 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).
Past performance checks
We assess Belden's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Belden Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Belden's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Belden has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Belden
shares you are expected to receive
$7
in your first year as a dividend.
Dividend Amount
- Belden's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Belden's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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.
| 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 |
| United States of America Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 38 Stocks | 1.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2009 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| 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 |
| 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 |
| 2009-04-20 | 0.200 | 1.196 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Belden is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- Belden is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Belden's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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 United States of America.
Management Team Tenure
Average tenure and age of the Belden management team in years:
- 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
President
$7M
52
13.5 yrs
Henk Derksen
Senior VP of Finance & CFO
$2M
49
7.3 yrs
Dhrupad Trivedi
Executive VP & CTO
$1M
51
1.2 yrs
Roel Vestjens
Executive Vice President of Industrial Solutions
$1M
43
5.1 yrs
Glenn Pennycook
Executive Vice President of Enterprise Solutions
$2M
56
5.9 yrs
Leo Kulmaczewski
Senior Vice President of Operations & Lean Enterprise
52
0.5 yrs
Doug Zink
VP & Chief Accounting Officer
42
5.6 yrs
Kevin Maczka
VP, Treasurer & Investor Relations
Brian Anderson
Senior VP of Legal
43
4 yrs
Ross Rosenberg
Senior Vice President of Strategy & Corporate Development
$1M
48
6.2 yrs
Board of Directors Tenure
Average tenure and age of the Belden board of directors in years:
- The tenure for the Belden board of directors is about average.
Board of Directors
John Stroup
President
$7M
52
2.4 yrs
Lance Balk
Director
$250K
60
19.1 yrs
Bryan Cressey
Director
$278K
69
34.3 yrs
Dave Aldrich
Lead Independent Director
$227K
61
George Minnich
Director
$239K
68
8.9 yrs
John Monter
Director
$240K
70
14.8 yrs
Judy L. Brown
Director
$233K
49
11.2 yrs
Steve Berglund
Director
$220K
66
5.3 yrs
Jonathan Klein
Director
$220K
60
3.7 yrs
Diane Brink
Director
$212K
59
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16. Nov 18 | Buy | Roel Vestjens | Individual | 14. Nov 18 | 14. Nov 18 | 447 | $55.94 | $25,004 | ||
| 05. Nov 18 | Buy | Hendrikus P. Derksen | Individual | 02. Nov 18 | 02. Nov 18 | 1,431 | $53.65 | $76,773 | ||
| 02. Nov 18 | Buy | John Stroup | Individual | 01. Nov 18 | 01. Nov 18 | 9,250 | $53.44 | $494,280 | ||
| 31. Aug 18 | Sell | Paul Turner | Individual | 31. Aug 18 | 31. Aug 18 | -247 | $72.05 | $-17,797 | ||
| 14. May 18 | Buy | Bryan Cressey | Individual | 14. May 18 | 14. May 18 | 2,000 | $54.31 | $108,612 | ||
Management checks
We assess Belden's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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
Is Belden Inc.'s (NYSE:BDC) ROE Of 12% Impressive?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Belden has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleBelden Inc. (NYSE:BDC): What Are The Future Prospects?
(NYSE:BDC) released its earnings update. … with earnings expected to grow by 33% in the upcoming year … the past 5-year average growth rate of 0.9%
Simply Wall St - – Full articleIs Belden Inc.'s (NYSE:BDC) Balance Sheet A Threat To Its Future?
Investors are always looking for growth in small-cap stocks like Belden Inc. … Understanding the company's financial health becomes. … The following basic checks can help you get a picture of the company's balance sheet strength.
Simply Wall St - – Full articleBelden Inc. (NYSE:BDC): Can Growth Justify Its March Share Price?
Looking at Belden Inc.’s (NYSE:BDC) fundamentals some investors are wondering if its last closing price of $57.8 represents a good value for money for this high growth stock. … Let’s look into this by assessing BDC's expected growth over the next few years. … Belden is poised for significantly high earnings growth in the near future
Simply Wall St - – Full articleBelden Inc. (NYSE:BDC): What's The Analyst Consensus Outlook?
Belden Inc.'s (NYSE:BDC) announced its latest earnings update in December 2018, whicha … signalled
Simply Wall St - – Full articleDoes Belden's Share Price Gain of 20% Match Its Business Performance?
(NYSE:BDC) share price return of 20% over three years lags the market return in the same period. … Unfortunately, the share price has fallen 12% over twelve months. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price.
Simply Wall St - – Full articleHow Much Are Belden Inc. (NYSE:BDC) Insiders Spending On Buying Shares?
So we'll take a look at whether insiders have been buying or selling shares in Belden Inc. … That means that an insider was happy to buy shares at around the current price. … We generally consider it a positive if insiders have been buying on market, even if the share price has increased a bit since then.
Simply Wall St - – Full articleWhat does Belden Inc.'s (NYSE:BDC) Balance Sheet Tell Us About Its Future?
However, generally ignored mid-caps have historically delivered better risk adjusted returns than both of those groups. … This article will examine BDC’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.
Simply Wall St - – Full articleHere's What We Think About Belden Inc.'s (NYSE:BDC) CEO Pay
How Does John Stroup's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$1.8b, and pays its CEO total annual compensation worth US$7.0m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$875k
Simply Wall St - – Full articleWhat Investors Should Know About Belden Inc.'s (NYSE:BDC) Financial Strength
(NYSE:BDC) is a small-cap stock with a market capitalization of US$1.7b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is
Simply Wall St - – Full articleCompany 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. |
| BDC | |
| Exchange: | NYSE |
| Founded: | 1902 |
| $2,324,299,020 | |
| 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
Industry
| Electronic Components | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 23:53 |
| 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.
