NYSE:BDC

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Executive Summary

Belden Inc. operates as a signal transmission solutions company in the United States and internationally. More Details


Snowflake Analysis

Fair value with moderate growth potential.


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

-4.3%

BDC

-2.3%

US Electronic

-0.8%

US Market


1 Year Return

-42.6%

BDC

2.6%

US Electronic

13.8%

US Market

Return vs Industry: BDC underperformed the US Electronic industry which returned 2.6% over the past year.

Return vs Market: BDC underperformed the US Market which returned 13.8% over the past year.


Shareholder returns

BDCIndustryMarket
7 Day-4.3%-2.3%-0.8%
30 Day-11.4%-2.8%-5.0%
90 Day-4.7%7.5%10.1%
1 Year-42.3%-42.6%3.7%2.6%16.4%13.8%
3 Year-61.8%-62.2%14.1%10.9%36.9%27.8%
5 Year-34.1%-35.2%77.9%69.7%85.0%64.2%

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

Valuation

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

23.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BDC ($30.43) is trading above our estimate of fair value ($29.14)

Significantly Below Fair Value: BDC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BDC is good value based on its PE Ratio (23.8x) compared to the US Electronic industry average (24.4x).

PE vs Market: BDC is poor value based on its PE Ratio (23.8x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: BDC is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: BDC is good value based on its PB Ratio (1.6x) compared to the US Electronic industry average (1.8x).


Next Steps

Future Growth

How is Belden forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

84.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDC's forecast earnings growth (84.4% per year) is above the savings rate (2.2%).

Earnings vs Market: BDC's earnings (84.4% per year) are forecast to grow faster than the US market (22.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BDC's revenue (2.7% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: BDC's revenue (2.7% 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 (13.8%).


Next Steps

Past Performance

How has Belden performed over the past 5 years?

-5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDC has a large one-off loss of $32.8M impacting its June 28 2020 financial results.

Growing Profit Margin: BDC's current net profit margins (2.9%) are lower than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: BDC's earnings have declined by 5.9% 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 (-66.2%) over the past year, making it difficult to compare to the Electronic industry average (-18%).


Return on Equity

High ROE: BDC's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is Belden's financial position?


Financial Position Analysis

Short Term Liabilities: BDC's short term assets ($1.2B) exceed its short term liabilities ($539.1M).

Long Term Liabilities: BDC's short term assets ($1.2B) do not cover its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: BDC's debt to equity ratio (185.3%) is considered high.

Reducing Debt: BDC's debt to equity ratio has reduced from 234.4% to 185.3% over the past 5 years.

Debt Coverage: BDC's debt is not well covered by operating cash flow (15.8%).

Interest Coverage: BDC's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

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

0.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BDC's dividend (0.66%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: BDC's dividend (0.66%) is low compared to the top 25% of dividend payers in the US market (4.94%).


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?

5.3yrs

Average management tenure


CEO

Roel Vestjens (45 yo)

0.33

Tenure

US$1,466,450

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 ($USD1.47M) is below average for companies of similar size in the US market ($USD4.61M).

Compensation vs Earnings: Roel's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John Stroup
Executive Chairman3.83yrsUS$7.49m0.29%
$ 3.9m
Roel Vestjens
President0.33yrUS$1.47m0.013%
$ 173.0k
Hendrikus P. Derksen
Senior VP of Finance & CFO8.67yrsUS$1.96m0.041%
$ 556.5k
Brian Anderson
Senior VP of Legal5.42yrsUS$2.51m0.010%
$ 140.5k
Dean McKenna
Senior Vice President of Human Resources5.33yrsUS$2.44m0.0047%
$ 63.9k
Douglas Zink
VP & Chief Accounting Officer7yrsno data0.0060%
$ 81.2k
Kevin Maczka
VP, Treasurer & Investor Relationsno datano datano data
Paul Turner
Senior Vice President of Sales3.58yrsno data0.025%
$ 341.0k
Leo Kulmaczewski
Senior Vice President of Operations & Lean Enterpriseno datano data0.0063%
$ 86.0k
Ashish Chand
Executive Vice President of Industrial Automation1.17yrsno data0.0097%
$ 131.6k

5.3yrs

Average Tenure

51yo

Average Age

Experienced Management: BDC's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Stroup
Executive Chairman3.83yrsUS$7.49m0.29%
$ 3.9m
Roel Vestjens
President0.33yrUS$1.47m0.013%
$ 173.0k
Bryan Cressey
Independent Director35.67yrsUS$231.87k0.45%
$ 6.1m
Steven Berglund
Independent Director6.75yrsUS$225.07k0.035%
$ 468.6k
David Aldrich
Lead Independent Directorno dataUS$276.94k0.090%
$ 1.2m
Jonathan Klein
Independent Director5.08yrsUS$225.06k0.027%
$ 364.8k
Lance Balk
Independent Director20.5yrsUS$256.73k0.19%
$ 2.5m
George Minnich
Independent Director10.33yrsUS$242.83k0.045%
$ 610.0k
Diane Brink
Director2.75yrsUS$264.17k0.016%
$ 211.6k
Judy L. Brown
Independent Director12.58yrsUS$232.44k0.046%
$ 626.5k
Nancy Calderon
Director0.33yrno datano data

5.9yrs

Average Tenure

62yo

Average Age

Experienced Board: BDC's board of directors are considered experienced (5.9 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 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$1.356b
  • Shares outstanding: 44.55m
  • Website: https://www.belden.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDCNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 2004
QCTADB (Deutsche Boerse AG)YesCommon StockDEEURJul 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/27 06:28
End of Day Share Price2020/09/25 00:00
Earnings2020/06/28
Annual Earnings2019/12/31


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.