Belden Inc.

NYSE:BDC Stock Report

Market Cap: US$4.6b

Belden Valuation

Is BDC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BDC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BDC ($113.74) is trading below our estimate of fair value ($158.5)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BDC?

Key metric: As BDC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BDC. This is calculated by dividing BDC's market cap by their current earnings.
What is BDC's PE Ratio?
PE Ratio25.7x
EarningsUS$178.52m
Market CapUS$4.59b

Price to Earnings Ratio vs Peers

How does BDC's PE Ratio compare to its peers?

The above table shows the PE ratio for BDC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.8x
LFUS Littelfuse
29.9x17.6%US$5.8b
VSH Vishay Intertechnology
26.9x42.7%US$2.3b
ROG Rogers
37.5x29.6%US$1.9b
KN Knowles
36.8x77.0%US$1.7b
BDC Belden
25.7x20.0%US$4.6b

Price-To-Earnings vs Peers: BDC is good value based on its Price-To-Earnings Ratio (25.7x) compared to the peer average (32.8x).

Price to Earnings Ratio vs Industry

How does BDC's PE Ratio compare vs other companies in the US Electronic Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SHMD SCHMID Group
3.7xn/aUS$142.68m
DSWL Deswell Industries
3.8xn/aUS$39.08m
SGE Strong Global Entertainment
3.8xn/aUS$12.27m
SMX SMX (Security Matters)
0.5xn/aUS$676.37k
BDC 25.7xIndustry Avg. 25.7xNo. of Companies10PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BDC is expensive based on its Price-To-Earnings Ratio (25.7x) compared to the US Electronic industry average (25.7x).

Price to Earnings Ratio vs Fair Ratio

What is BDC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BDC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.7x
Fair PE Ratio25.9x

Price-To-Earnings vs Fair Ratio: BDC is good value based on its Price-To-Earnings Ratio (25.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BDC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$113.74
US$140.40
+23.4%
7.0%US$155.00US$130.00n/a5
Dec ’25US$122.40
US$136.20
+11.3%
7.1%US$155.00US$130.00n/a5
Nov ’25US$115.24
US$126.20
+9.5%
6.0%US$136.00US$115.00n/a5
Oct ’25US$116.10
US$120.60
+3.9%
2.8%US$124.00US$115.00n/a5
Sep ’25US$107.28
US$118.00
+10.0%
3.0%US$124.00US$115.00n/a5
Aug ’25US$100.52
US$111.00
+10.4%
7.3%US$124.00US$100.00n/a5
Jul ’25US$91.55
US$109.50
+19.6%
7.1%US$119.00US$100.00n/a4
Jun ’25US$95.69
US$105.00
+9.7%
5.7%US$115.00US$100.00n/a4
May ’25US$81.32
US$98.52
+21.2%
2.1%US$100.00US$94.60n/a5
Apr ’25US$90.78
US$99.60
+9.7%
3.1%US$105.00US$94.60n/a6
Mar ’25US$86.53
US$99.60
+15.1%
0.8%US$100.00US$98.00n/a5
Feb ’25US$74.87
US$85.40
+14.1%
6.7%US$91.00US$77.00n/a5
Jan ’25US$77.25
US$83.40
+8.0%
7.1%US$91.00US$77.00n/a5
Dec ’24US$68.47
US$82.60
+20.6%
8.1%US$91.00US$75.00US$122.405
Nov ’24US$71.82
US$102.40
+42.6%
9.3%US$115.00US$86.00US$115.245
Oct ’24US$96.55
US$115.00
+19.1%
2.4%US$118.00US$110.00US$116.105
Sep ’24US$93.96
US$109.00
+16.0%
8.9%US$118.00US$93.00US$107.284
Aug ’24US$95.93
US$109.00
+13.6%
8.9%US$118.00US$93.00US$100.524
Jul ’24US$95.65
US$106.25
+11.1%
7.7%US$115.00US$93.00US$91.554
Jun ’24US$86.82
US$106.25
+22.4%
7.7%US$115.00US$93.00US$95.694
May ’24US$79.56
US$102.00
+28.2%
8.9%US$110.00US$87.00US$81.324
Apr ’24US$86.77
US$100.33
+15.6%
7.9%US$110.00US$87.00US$90.786
Mar ’24US$85.25
US$100.33
+17.7%
7.9%US$110.00US$87.00US$86.536
Feb ’24US$82.32
US$87.83
+6.7%
6.9%US$95.00US$76.00US$74.876
Jan ’24US$71.90
US$86.00
+19.6%
6.9%US$95.00US$76.00US$77.256
Dec ’23US$81.95
US$85.50
+4.3%
6.7%US$95.00US$76.00US$68.476

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:06
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/29
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Belden Inc. is covered by 21 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Alek GasielBarrington Research Associates, Inc.
David WilliamsBenchmark Company