BELDEN INC (BDC) Stock Fundamental Analysis
NYSE:BDC - New York Stock Exchange, Inc. - US0774541066 - Common Stock
BDC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 126 industry peers in the Electronic Equipment, Instruments & Components industry. While BDC belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BDC has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year BDC was profitable.
In the past year BDC had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: BDC reported negative net income in multiple years.
In the past 5 years BDC always reported a positive cash flow from operatings.
1.2 Ratios
BDC has a Return On Assets of 5.34%. This is in the better half of the industry: BDC outperforms 73.55% of its industry peers.
With an excellent Return On Equity value of 14.45%, BDC belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
BDC has a Return On Invested Capital of 7.75%. This is in the better half of the industry: BDC outperforms 71.90% of its industry peers.
BDC had an Average Return On Invested Capital over the past 3 years of 10.42%. This is in line with the industry average of 9.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 14.45% | ||
| ROIC | 7.75% |
ROA(3y)5.81%
ROA(5y)0.81%
ROE(3y)16.6%
ROE(5y)0.25%
ROIC(3y)10.42%
ROIC(5y)8.75%
1.3 Margins
With a decent Profit Margin value of 7.61%, BDC is doing good in the industry, outperforming 76.86% of the companies in the same industry.
In the last couple of years the Profit Margin of BDC has grown nicely.
With an excellent Operating Margin value of 10.78%, BDC belongs to the best of the industry, outperforming 82.64% of the companies in the same industry.
BDC's Operating Margin has been stable in the last couple of years.
BDC has a better Gross Margin (37.52%) than 64.46% of its industry peers.
In the last couple of years the Gross Margin of BDC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.78% | ||
| PM (TTM) | 7.61% | ||
| GM | 37.52% |
OM growth 3Y12.45%
OM growth 5Y0.36%
PM growth 3YN/A
PM growth 5Y10.68%
GM growth 3Y5.01%
GM growth 5Y-0.55%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BDC is creating some value.
BDC has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BDC has been increased compared to 5 years ago.
The debt/assets ratio for BDC is higher compared to a year ago.
2.2 Solvency
BDC has an Altman-Z score of 2.99. This indicates that BDC is financially healthy and has little risk of bankruptcy at the moment.
With a Altman-Z score value of 2.99, BDC perfoms like the industry average, outperforming 47.11% of the companies in the same industry.
BDC has a debt to FCF ratio of 5.80. This is a neutral value as BDC would need 5.80 years to pay back of all of its debts.
BDC has a Debt to FCF ratio (5.80) which is in line with its industry peers.
BDC has a Debt/Equity ratio of 0.99. This is a neutral value indicating BDC is somewhat dependend on debt financing.
BDC's Debt to Equity ratio of 0.99 is on the low side compared to the rest of the industry. BDC is outperformed by 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 5.8 | ||
| Altman-Z | 2.99 |
ROIC/WACC0.79
WACC9.82%
2.3 Liquidity
A Current Ratio of 2.07 indicates that BDC has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.07, BDC is in line with its industry, outperforming 42.15% of the companies in the same industry.
A Quick Ratio of 1.43 indicates that BDC should not have too much problems paying its short term obligations.
The Quick ratio of BDC (1.43) is worse than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.43 |
3. Growth
3.1 Past
BDC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.99%.
The Earnings Per Share has been growing slightly by 2.42% on average over the past years.
The Revenue for BDC has decreased by -10.45% in the past year. This is quite bad
Measured over the past years, BDC shows a small growth in Revenue. The Revenue has been growing by 3.01% on average per year.
EPS 1Y (TTM)-16.99%
EPS 3Y35.42%
EPS 5Y2.42%
EPS Q2Q%-4.49%
Revenue 1Y (TTM)-10.45%
Revenue growth 3Y12.76%
Revenue growth 5Y3.01%
Sales Q2Q%4.49%
3.2 Future
BDC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.68% yearly.
Based on estimates for the next years, BDC will show a small growth in Revenue. The Revenue will grow by 4.94% on average per year.
EPS Next Y-9.32%
EPS Next 2Y6.36%
EPS Next 3Y6.68%
EPS Next 5YN/A
Revenue Next Year-1.4%
Revenue Next 2Y5.06%
Revenue Next 3Y4.94%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.85, BDC is valued on the expensive side.
77.69% of the companies in the same industry are more expensive than BDC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.96, BDC is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.19, which indicates a correct valuation of BDC.
83.47% of the companies in the same industry are more expensive than BDC, based on the Price/Forward Earnings ratio.
BDC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.11.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.85 | ||
| Fwd PE | 15.19 |
4.2 Price Multiples
69.42% of the companies in the same industry are more expensive than BDC, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BDC indicates a somewhat cheap valuation: BDC is cheaper than 74.38% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.39 | ||
| EV/EBITDA | 15.55 |
4.3 Compensation for Growth
BDC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)8.2
EPS Next 2Y6.36%
EPS Next 3Y6.68%
5. Dividend
5.1 Amount
With a yearly dividend of 0.17%, BDC is not a good candidate for dividend investing.
BDC's Dividend Yield is a higher than the industry average which is at 1.88.
With a Dividend Yield of 0.17, BDC pays less dividend than the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
5.2 History
The dividend of BDC decreases each year by -28.20%.
BDC has paid a dividend for at least 10 years, which is a reliable track record.
BDC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-28.2%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
BDC pays out 4.62% of its income as dividend. This is a sustainable payout ratio.
DP4.62%
EPS Next 2Y6.36%
EPS Next 3Y6.68%
BELDEN INC
NYSE:BDC (1/17/2025, 8:04:00 PM)
After market: 117.5 +0.16 (+0.14%)117.34
-1.46 (-1.23%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners105.6%
Inst Owner Change-0.19%
Ins Owners1.23%
Ins Owner Change4.1%
Market Cap4.73B
Analysts78
Price Target143.21 (22.05%)
Short Float %2.57%
Short Ratio4.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
Yearly Dividend0.2
Dividend Growth(5Y)-28.2%
DP4.62%
Div Incr Years0
Div Non Decr Years19
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.04%
Min EPS beat(2)4.7%
Max EPS beat(2)9.39%
EPS beat(4)4
Avg EPS beat(4)14.43%
Min EPS beat(4)4.7%
Max EPS beat(4)28.21%
EPS beat(8)7
Avg EPS beat(8)9.76%
EPS beat(12)11
Avg EPS beat(12)10.18%
EPS beat(16)15
Avg EPS beat(16)13.61%
Revenue beat(2)2
Avg Revenue beat(2)2.47%
Min Revenue beat(2)0.75%
Max Revenue beat(2)4.19%
Revenue beat(4)4
Avg Revenue beat(4)3.13%
Min Revenue beat(4)0.75%
Max Revenue beat(4)4.56%
Revenue beat(8)6
Avg Revenue beat(8)1.64%
Revenue beat(12)9
Avg Revenue beat(12)2.03%
Revenue beat(16)11
Avg Revenue beat(16)0.59%
PT rev (1m)3.08%
PT rev (3m)16.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.98%
EPS NY rev (1m)0%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.85 | ||
| Fwd PE | 15.19 | ||
| P/S | 2.02 | ||
| P/FCF | 22.39 | ||
| P/OCF | 14.05 | ||
| P/B | 3.83 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.55 |
EPS(TTM)5.91
EY5.04%
EPS(NY)7.73
Fwd EY6.58%
FCF(TTM)5.24
FCFY4.47%
OCF(TTM)8.35
OCFY7.12%
SpS58.16
BVpS30.62
TBVpS-5.64
PEG (NY)N/A
PEG (5Y)8.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.34% | ||
| ROE | 14.45% | ||
| ROCE | 9.16% | ||
| ROIC | 7.75% | ||
| ROICexc | 8.78% | ||
| ROICexgc | 21.95% | ||
| OM | 10.78% | ||
| PM (TTM) | 7.61% | ||
| GM | 37.52% | ||
| FCFM | 9.01% |
ROA(3y)5.81%
ROA(5y)0.81%
ROE(3y)16.6%
ROE(5y)0.25%
ROIC(3y)10.42%
ROIC(5y)8.75%
ROICexc(3y)13.87%
ROICexc(5y)11.33%
ROICexgc(3y)32.81%
ROICexgc(5y)30.04%
ROCE(3y)12.31%
ROCE(5y)10.34%
ROICexcg growth 3Y12.24%
ROICexcg growth 5Y-4.08%
ROICexc growth 3Y29.01%
ROICexc growth 5Y9.19%
OM growth 3Y12.45%
OM growth 5Y0.36%
PM growth 3YN/A
PM growth 5Y10.68%
GM growth 3Y5.01%
GM growth 5Y-0.55%
F-Score4
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 5.8 | ||
| Debt/EBITDA | 3.38 | ||
| Cap/Depr | 114.71% | ||
| Cap/Sales | 5.35% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 92.97% | ||
| Profit Quality | 118.42% | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.43 | ||
| Altman-Z | 2.99 |
F-Score4
WACC9.82%
ROIC/WACC0.79
Cap/Depr(3y)114.46%
Cap/Depr(5y)101.06%
Cap/Sales(3y)4.26%
Cap/Sales(5y)4.62%
Profit Quality(3y)143.51%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.99%
EPS 3Y35.42%
EPS 5Y2.42%
EPS Q2Q%-4.49%
EPS Next Y-9.32%
EPS Next 2Y6.36%
EPS Next 3Y6.68%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.45%
Revenue growth 3Y12.76%
Revenue growth 5Y3.01%
Sales Q2Q%4.49%
Revenue Next Year-1.4%
Revenue Next 2Y5.06%
Revenue Next 3Y4.94%
Revenue Next 5YN/A
EBIT growth 1Y-27.39%
EBIT growth 3Y26.79%
EBIT growth 5Y3.38%
EBIT Next Year6.29%
EBIT Next 3Y9.91%
EBIT Next 5YN/A
FCF growth 1Y29.46%
FCF growth 3Y34.6%
FCF growth 5Y1.17%
OCF growth 1Y35.34%
OCF growth 3Y22.61%
OCF growth 5Y2.02%