NYSE:BDC

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Undervalued with proven track record.


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


Market Performance


7 Day Return

-1.5%

BDC

-1.3%

US Electronic

-0.2%

US Market


1 Year Return

-27.4%

BDC

-1.9%

US Electronic

1.1%

US Market

BDC underperformed the Electronic industry which returned -0.6% over the past year.

BDC underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

BDCIndustryMarket
7 Day-1.5%-1.3%-0.2%
30 Day18.1%6.3%2.5%
90 Day-10.7%1.2%1.6%
1 Year-27.1%-27.4%-0.9%-1.9%3.4%1.1%
3 Year-19.6%-20.3%50.8%46.6%45.2%35.8%
5 Year-18.9%-20.2%71.6%63.0%62.6%44.8%

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

3 months ago | Simply Wall St

Investors Who Bought Belden (NYSE:BDC) Shares Five Years Ago Are Now Down 25%

Valuation

Is Belden undervalued based on future cash flows and its price relative to the stock market?

25%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

Belden is good value based on earnings compared to the US Electronic industry average.

Belden is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Belden is good value based on expected growth next year.


Price Based on Value of Assets

Belden is good value based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

How is Belden expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Belden's revenue is expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).

Belden's earnings are expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).

Belden's revenue growth is positive but not above the United States of America market average.

Belden's earnings growth is expected to exceed the United States of America market average.

Belden's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Belden is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Belden performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History


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 (474.4% vs 12.3%)

Belden's earnings growth has exceeded the US Electronic industry average in the past year (474.4% vs 49.8%).


Return on Equity

Belden has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Belden used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Belden has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Belden's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Belden's level of debt (101.7%) 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 (187% vs 101.7% today).

Debt is well covered by operating cash flow (23.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

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

0.38%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Belden's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Belden's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

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.


Current Payout to Shareholders

No need to calculate the sustainability of Belden's dividends as it is not paying a notable one for United States of America.


Future Payout to Shareholders

No need to calculate the sustainability of Belden's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Belden's salary, the management and board of directors tenure and is there insider trading?

4.4yrs

Average management tenure


CEO

John Stroup (53yo)

13.9yrs

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

John's remuneration is higher than average for companies of similar size in United States of America.

John's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.4yrs

Average Tenure

50yo

Average Age

The tenure for the Belden management team is about average.


Board Age and Tenure

7.5yrs

Average Tenure

61yo

Average Age

The tenure for the Belden board of directors is about average.


Insider Trading

More shares have been bought than sold by Belden individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$36,36801 Aug 19
Leo Kulmaczewski
EntityIndividual
Shares800
Max PriceUS$45.46
BuyUS$25,00416 Nov 18
Roel Vestjens
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares447
Max PriceUS$55.94
BuyUS$76,77305 Nov 18
Hendrikus P. Derksen
EntityIndividual
Role
Chief Financial Officer
Senior VP of Finance & CFO
Shares1,431
Max PriceUS$53.65
BuyUS$494,28002 Nov 18
John Stroup
EntityIndividual
Role
Chief Executive Officer
President
Shares9,250
Max PriceUS$53.44

Ownership Breakdown


Management Team

  • John Stroup (53yo)

    President

    • Tenure: 13.9yrs
    • Compensation: US$6.34m
  • Kevin Maczka

    VP, Treasurer & Investor Relations

    • Tenure: 0yrs
  • Henk Derksen (50yo)

    Senior VP of Finance & CFO

    • Tenure: 7.7yrs
    • Compensation: US$4.73m
  • Dhrupad Trivedi (52yo)

    Executive VP & CTO

    • Tenure: 1.6yrs
    • Compensation: US$1.07m
  • Glenn Pennycook (57yo)

    Executive Vice President of Enterprise Solutions

    • Tenure: 6.3yrs
    • Compensation: US$3.83m
  • Roel Vestjens (44yo)

    Chief Operating Officer

    • Tenure: 0.2yrs
    • Compensation: US$3.81m
  • Doug Zink (43yo)

    VP & Chief Accounting Officer

    • Tenure: 6yrs
  • Brian Anderson (44yo)

    Senior VP of Legal

    • Tenure: 4.4yrs
  • Dean McKenna (50yo)

    Senior Vice President of Human Resources

    • Tenure: 4.3yrs
  • Paul Turner (55yo)

    Senior Vice President of Sales

    • Tenure: 2.6yrs

Board Members

  • Bryan Cressey (70yo)

    Director

    • Tenure: 34.7yrs
    • Compensation: US$240.27k
  • Steve Berglund (67yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$222.68k
  • Dave Aldrich (62yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$270.58k
  • John Stroup (53yo)

    President

    • Tenure: 13.9yrs
    • Compensation: US$6.34m
  • Jonathan Klein (61yo)

    Director

    • Tenure: 4.1yrs
    • Compensation: US$223.18k
  • Lance Balk (61yo)

    Director

    • Tenure: 19.5yrs
    • Compensation: US$257.00k
  • George Minnich (69yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$242.45k
  • Diane Brink (60yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$222.44k
  • Judy L. Brown (50yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: US$236.22k

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$2.397b
  • Shares outstanding: 45.45m
  • Website: https://www.belden.com

Number of Employees


Location

  • Belden Inc.
  • 1 North Brentwood Boulevard
  • 15th Floor
  • St. 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 segments. The E ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 00:30
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.