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BDC

BeldenNYSE:BDC Stock Report

Last Price

US$59.26

Market Cap

US$2.7b

7D

-6.1%

1Y

25.2%

Updated

20 Jan, 2022

Data

Company Financials +
BDC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance3/6
Financial Health2/6
Dividends0/6

BDC Stock Overview

Belden Inc. operates as a signal transmission solutions company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Belden Competitors

Amphenol

NYSE:APH

US$47.0b

Microsoft

NasdaqGS:MSFT

US$2.3t

Samsung Electronics

KOSE:A005930

₩514.1t

Sony Group

TSE:6758

JP¥16.3t

Price History & Performance

Summary of all time highs, changes and price drops for Belden
Historical stock prices
Current Share PriceUS$59.26
52 Week HighUS$68.87
52 Week LowUS$40.66
Beta1.35
1 Month Change-2.00%
3 Month Change-1.74%
1 Year Change25.18%
3 Year Change14.16%
5 Year Change-24.83%
Change since IPO190.35%

Recent News & Updates

Dec 26
An Intrinsic Calculation For Belden Inc. (NYSE:BDC) Suggests It's 22% Undervalued

An Intrinsic Calculation For Belden Inc. (NYSE:BDC) Suggests It's 22% Undervalued

How far off is Belden Inc. ( NYSE:BDC ) from its intrinsic value? Using the most recent financial data, we'll take a...

Nov 06
Is Belden (NYSE:BDC) Using Too Much Debt?

Is Belden (NYSE:BDC) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

BDCUS ElectronicUS Market
7D-6.1%-5.1%-4.6%
1Y25.2%3.7%7.7%

Return vs Industry: BDC exceeded the US Electronic industry which returned 3.7% over the past year.

Return vs Market: BDC exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is BDC's price volatile compared to industry and market?
BDC volatility
BDC Average Weekly Movement4.2%
Electronic Industry Average Movement7.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: BDC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BDC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19026,200Roel Vestjenshttps://www.belden.com

Belden Inc. operates as a signal transmission solutions company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, fiber, and home and building automation.

Belden Fundamentals Summary

How do Belden's earnings and revenue compare to its market cap?
BDC fundamental statistics
Market CapUS$2.66b
Earnings (TTM)US$129.44m
Revenue (TTM)US$2.27b

20.6x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BDC income statement (TTM)
RevenueUS$2.27b
Cost of RevenueUS$1.46b
Gross ProfitUS$811.20m
ExpensesUS$681.76m
EarningsUS$129.44m

Last Reported Earnings

Oct 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.88
Gross Margin35.77%
Net Profit Margin5.71%
Debt/Equity Ratio157.8%

How did BDC perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

7%

Payout Ratio

Valuation

Is Belden undervalued compared to its fair value and its price relative to the market?

26.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BDC ($59.26) is trading below our estimate of fair value ($80.83)

Significantly Below Fair Value: BDC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BDC is poor value based on its PE Ratio (20.6x) compared to the US Electronic industry average (18.2x).

PE vs Market: BDC is poor value based on its PE Ratio (20.6x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: BDC is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BDC is overvalued based on its PB Ratio (2.8x) compared to the US Electronic industry average (2.3x).


Future Growth

How is Belden forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

17.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDC's forecast earnings growth (17.4% per year) is above the savings rate (2%).

Earnings vs Market: BDC's earnings (17.4% per year) are forecast to grow faster than the US market (13.1% per year).

High Growth Earnings: BDC's earnings are forecast to grow, but not significantly.

Revenue vs Market: BDC's revenue (3.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: BDC's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BDC's Return on Equity is forecast to be low in 3 years time (17.1%).


Past Performance

How has Belden performed over the past 5 years?

-2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDC has a large one-off loss of $41.1M impacting its October 3 2021 financial results.

Growing Profit Margin: BDC's current net profit margins (5.7%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: BDC's earnings have declined by 2.7% per year over the past 5 years.

Accelerating Growth: BDC's earnings growth over the past year (210%) exceeds its 5-year average (-2.7% per year).

Earnings vs Industry: BDC earnings growth over the past year (210%) exceeded the Electronic industry 42.1%.


Return on Equity

High ROE: BDC's Return on Equity (13.7%) is considered low.


Financial Health

How is Belden's financial position?


Financial Position Analysis

Short Term Liabilities: BDC's short term assets ($1.3B) exceed its short term liabilities ($622.4M).

Long Term Liabilities: BDC's short term assets ($1.3B) do not cover its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: BDC's net debt to equity ratio (109.4%) is considered high.

Reducing Debt: BDC's debt to equity ratio has increased from 119.6% to 157.8% over the past 5 years.

Debt Coverage: BDC's debt is not well covered by operating cash flow (15.9%).

Interest Coverage: BDC's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

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

0.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BDC's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: BDC's dividend (0.34%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Roel Vestjens (46 yo)

1.67yrs

Tenure

US$2,648,191

Compensation

Mr. Roel Vestjens serves as President, Chief Executive Officer and Director at Belden Inc. since May 21, 2020 and served as its Executive Vice President and Chief Operating Officer since July 3, 2019 until...


CEO Compensation Analysis

Compensation vs Market: Roel's total compensation ($USD2.65M) is below average for companies of similar size in the US market ($USD5.15M).

Compensation vs Earnings: Roel's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BDC's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: BDC's board of directors are considered experienced (9.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Belden Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Belden Inc.
  • Ticker: BDC
  • Exchange: NYSE
  • Founded: 1902
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: US$2.661b
  • Shares outstanding: 44.90m
  • Website: https://www.belden.com

Number of Employees


Location

  • Belden Inc.
  • 1 North Brentwood Boulevard
  • 15th Floor
  • Saint Louis
  • Missouri
  • 63105
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:52
End of Day Share Price2022/01/20 00:00
Earnings2021/10/03
Annual Earnings2020/12/31


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.