Belden
Market Cap
US$2.2b
Last Updated
2020/02/22 01:34 UTC
Data Sources
Company Financials +
Executive Summary
Belden Inc. operates as a signal transmission solutions company in the United States and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with mediocre balance sheet.
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
Stable Share Price: BDC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.8%
BDC
-1.9%
US Electronic
-1.0%
US Market
1 Year Return
-20.3%
BDC
6.1%
US Electronic
18.0%
US Market
Return vs Industry: BDC underperformed the US Electronic industry which returned 6.1% over the past year.
Return vs Market: BDC underperformed the US Market which returned 18% over the past year.
Shareholder returns
| BDC | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.8% | -1.9% | -1.0% |
| 30 Day | -4.4% | -6.0% | 0.6% |
| 90 Day | -9.2% | 1.1% | 7.9% |
| 1 Year | -20.0%-20.3% | 7.2%6.1% | 20.4%18.0% |
| 3 Year | -34.7%-35.3% | 34.4%30.8% | 48.0%38.5% |
| 5 Year | -45.0%-45.9% | 67.4%59.3% | 72.2%53.3% |
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
7 months ago | Simply Wall St
These 4 Measures Indicate That Belden (NYSE:BDC) Is Using Debt Reasonably Well8 months ago | Simply Wall St
Is It Too Late To Buy Belden Inc. (NYSE:BDC) At Its June Price?8 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?
22.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BDC ($48.03) is trading above our estimate of fair value ($46.01)
Significantly Below Fair Value: BDC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BDC is poor value based on its PE Ratio (22.2x) compared to the Electronic industry average (18.8x).
PE vs Market: BDC is poor value based on its PE Ratio (22.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: BDC is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: BDC is overvalued based on its PB Ratio (2.3x) compared to the US Electronic industry average (1.9x).
Next Steps
Future Growth
How is Belden forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
26.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDC's forecast earnings growth (26.6% per year) is above the savings rate (1.7%).
Earnings vs Market: BDC's earnings (26.6% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BDC's revenue (1.2% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BDC's revenue (1.2% 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 (12.6%).
Next Steps
Past Performance
How has Belden performed over the past 5 years?
-3.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDC has high quality earnings.
Growing Profit Margin: BDC's current net profit margins (4.3%) are lower than last year (6.1%).
Past Earnings Growth Analysis
Earnings Trend: BDC's earnings have declined by -3.8% per year over the past 5 years.
Accelerating Growth: BDC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BDC had negative earnings growth (-31.1%) over the past year, making it difficult to compare to the Electronic industry average (13.1%).
Return on Equity
High ROE: BDC's Return on Equity (11.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Belden's financial position?
Financial Position Analysis
Short Term Liabilities: BDC's short term assets ($1.4B) exceed its short term liabilities ($722.5M).
Long Term Liabilities: BDC's short term assets ($1.4B) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: BDC's debt to equity ratio (149%) is considered high.
Reducing Debt: BDC's debt to equity ratio has reduced from 219.2% to 149% over the past 5 years.
Debt Coverage: BDC's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: BDC's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
Inventory Level: BDC has a low level of unsold assets or inventory.
Debt Coverage by Assets: BDC's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Belden's current dividend yield, its reliability and sustainability?
0.42%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Belden before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BDC's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: BDC's dividend (0.42%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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?
5.6yrs
Average management tenure
CEO
John Stroup (53yo)
14.3yrs
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 above average for companies of similar size in the US market ($USD3.80M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.3yrs | US$6.34m | 0.28% $6.2m | |
| Senior VP of Finance & CFO | 8.1yrs | US$4.73m | 0.040% $878.4k | |
| Executive VP & COO | 0.6yrs | US$3.81m | 0.013% $272.9k | |
| Executive Vice President of Enterprise Solutions | 6.8yrs | US$3.83m | 0.016% $355.0k | |
| VP & Chief Accounting Officer | 6.4yrs | no data | 0.0053% $115.5k | |
| VP, Treasurer & Investor Relations | 0yrs | no data | no data | |
| Senior VP of Legal | 4.8yrs | no data | 0.010% $221.8k | |
| Senior Vice President of Sales | 3yrs | no data | 0.021% $456.8k | |
| Senior Vice President of Human Resources | 4.8yrs | no data | 0.0046% $100.9k | |
| Senior Vice President of Operations & Lean Enterprise | 0yrs | no data | 0.0040% $87.6k |
5.6yrs
Average Tenure
50yo
Average Age
Experienced Management: BDC's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.3yrs | US$6.34m | 0.28% $6.2m | |
| Independent Director | 35.1yrs | US$240.27k | 0.42% $9.2m | |
| Director | 6.2yrs | US$222.68k | 0.022% $485.6k | |
| Lead Independent Director | 0yrs | US$270.58k | 0.074% $1.6m | |
| Director | 4.5yrs | US$223.18k | 0.015% $321.8k | |
| Director | 19.9yrs | US$257.00k | 0.18% $3.8m | |
| Independent Director | 9.8yrs | US$242.45k | 0.032% $709.0k | |
| Director | 2.2yrs | US$222.44k | 0.0018% $40.0k | |
| Independent Director | 12yrs | US$236.22k | 0.034% $734.9k |
8.0yrs
Average Tenure
61yo
Average Age
Experienced Board: BDC's board of directors are considered experienced (8 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 been diluted in the past year, with total shares outstanding growing by 3.8%.
Top Shareholders
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$2.183b
- Shares outstanding: 45.46m
- Website: https://www.belden.com
Number of Employees
Location
- Belden Inc.
- 1 North Brentwood Boulevard
- 15th Floor
- Saint 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. 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 academia. 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/22 01:34 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.