BELDEN INC (BDC) Stock Fundamental Analysis
NYSE:BDC - New York Stock Exchange, Inc. - US0774541066 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to BDC. BDC was compared to 125 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BDC was profitable.
BDC had a positive operating cash flow in the past year.
Of the past 5 years BDC 4 years were profitable.
In the past 5 years BDC always reported a positive cash flow from operatings.
1.2 Ratios
BDC has a better Return On Assets (6.51%) than 80.80% of its industry peers.
BDC has a better Return On Equity (17.43%) than 88.80% of its industry peers.
With a decent Return On Invested Capital value of 9.17%, BDC is doing good in the industry, outperforming 80.00% of the companies in the same industry.
BDC had an Average Return On Invested Capital over the past 3 years of 10.45%. This is in line with the industry average of 9.29%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.51% | ||
| ROE | 17.43% | ||
| ROIC | 9.17% |
ROA(3y)7.17%
ROA(5y)4.32%
ROE(3y)19.47%
ROE(5y)11.55%
ROIC(3y)10.45%
ROIC(5y)9.19%
1.3 Margins
BDC's Profit Margin of 8.35% is fine compared to the rest of the industry. BDC outperforms 80.00% of its industry peers.
BDC's Profit Margin has improved in the last couple of years.
The Operating Margin of BDC (11.22%) is better than 81.60% of its industry peers.
In the last couple of years the Operating Margin of BDC has remained more or less at the same level.
BDC has a better Gross Margin (37.90%) than 65.60% 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 | 11.22% | ||
| PM (TTM) | 8.35% | ||
| GM | 37.9% |
OM growth 3Y-3.13%
OM growth 5Y0.98%
PM growth 3Y42.67%
PM growth 5YN/A
GM growth 3Y3.44%
GM growth 5Y0.07%
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 reduced compared to 5 years ago.
BDC has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.05 indicates that BDC is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.05, BDC perfoms like the industry average, outperforming 56.00% of the companies in the same industry.
BDC has a debt to FCF ratio of 5.41. This is a neutral value as BDC would need 5.41 years to pay back of all of its debts.
BDC has a Debt to FCF ratio of 5.41. This is comparable to the rest of the industry: BDC outperforms 59.20% of its industry peers.
BDC has a Debt/Equity ratio of 0.97. This is a neutral value indicating BDC is somewhat dependend on debt financing.
BDC's Debt to Equity ratio of 0.97 is on the low side compared to the rest of the industry. BDC is outperformed by 89.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 5.41 | ||
| Altman-Z | 3.05 |
ROIC/WACC1.02
WACC8.98%
2.3 Liquidity
A Current Ratio of 1.93 indicates that BDC should not have too much problems paying its short term obligations.
BDC has a Current ratio of 1.93. This is comparable to the rest of the industry: BDC outperforms 40.80% of its industry peers.
A Quick Ratio of 1.29 indicates that BDC should not have too much problems paying its short term obligations.
BDC has a worse Quick ratio (1.29) than 62.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.32% over the past year.
BDC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.00% yearly.
Looking at the last year, BDC shows a small growth in Revenue. The Revenue has grown by 6.00% in the last year.
Measured over the past years, BDC shows a small growth in Revenue. The Revenue has been growing by 2.92% on average per year.
EPS 1Y (TTM)5.32%
EPS 3Y10.05%
EPS 5Y6%
EPS Q2Q%29.03%
Revenue 1Y (TTM)6%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%16.65%
3.2 Future
The Earnings Per Share is expected to grow by 9.70% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.28% on average over the next years.
EPS Next Y12.81%
EPS Next 2Y11.15%
EPS Next 3Y9.7%
EPS Next 5YN/A
Revenue Next Year8%
Revenue Next 2Y6.52%
Revenue Next 3Y5.28%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.76 indicates a correct valuation of BDC.
BDC's Price/Earnings ratio is rather cheap when compared to the industry. BDC is cheaper than 80.80% of the companies in the same industry.
BDC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.91.
BDC is valuated correctly with a Price/Forward Earnings ratio of 13.48.
Based on the Price/Forward Earnings ratio, BDC is valued cheaper than 83.20% of the companies in the same industry.
BDC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.76 | ||
| Fwd PE | 13.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BDC is valued a bit cheaper than 69.60% of the companies in the same industry.
77.60% of the companies in the same industry are more expensive than BDC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.19 | ||
| EV/EBITDA | 12.94 |
4.3 Compensation for Growth
BDC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BDC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.23
PEG (5Y)2.63
EPS Next 2Y11.15%
EPS Next 3Y9.7%
5. Dividend
5.1 Amount
With a yearly dividend of 0.18%, BDC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.07, BDC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, BDC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.18% |
5.2 History
The dividend of BDC decreases each year by -24.30%.
BDC has paid a dividend for at least 10 years, which is a reliable track record.
BDC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-24.3%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
BDC pays out 3.82% of its income as dividend. This is a sustainable payout ratio.
DP3.82%
EPS Next 2Y11.15%
EPS Next 3Y9.7%
NYSE:BDC (5/23/2025, 2:23:55 PM)
106.085
-2.19 (-2.02%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners104.77%
Inst Owner Change-2.35%
Ins Owners1.22%
Ins Owner Change5.97%
Market Cap4.22B
Analysts78
Price Target129.95 (22.5%)
Short Float %3.13%
Short Ratio3.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.18% |
Yearly Dividend0.2
Dividend Growth(5Y)-24.3%
DP3.82%
Div Incr Years0
Div Non Decr Years19
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.31%
Min EPS beat(2)6.25%
Max EPS beat(2)12.37%
EPS beat(4)4
Avg EPS beat(4)8.18%
Min EPS beat(4)4.7%
Max EPS beat(4)12.37%
EPS beat(8)7
Avg EPS beat(8)10.42%
EPS beat(12)11
Avg EPS beat(12)9.97%
EPS beat(16)15
Avg EPS beat(16)11.19%
Revenue beat(2)2
Avg Revenue beat(2)0.61%
Min Revenue beat(2)0.5%
Max Revenue beat(2)0.72%
Revenue beat(4)4
Avg Revenue beat(4)1.54%
Min Revenue beat(4)0.5%
Max Revenue beat(4)4.19%
Revenue beat(8)6
Avg Revenue beat(8)1.39%
Revenue beat(12)10
Avg Revenue beat(12)1.92%
Revenue beat(16)12
Avg Revenue beat(16)1.89%
PT rev (1m)-7.14%
PT rev (3m)-9.26%
EPS NQ rev (1m)1%
EPS NQ rev (3m)-1.3%
EPS NY rev (1m)1.41%
EPS NY rev (3m)-0.13%
Revenue NQ rev (1m)-1.22%
Revenue NQ rev (3m)-2.18%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-3.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.76 | ||
| Fwd PE | 13.48 | ||
| P/S | 1.65 | ||
| P/FCF | 19.19 | ||
| P/OCF | 11.82 | ||
| P/B | 3.45 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.94 |
EPS(TTM)6.73
EY6.34%
EPS(NY)7.87
Fwd EY7.42%
FCF(TTM)5.53
FCFY5.21%
OCF(TTM)8.97
OCFY8.46%
SpS64.14
BVpS30.75
TBVpS-5.36
PEG (NY)1.23
PEG (5Y)2.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.51% | ||
| ROE | 17.43% | ||
| ROCE | 10.67% | ||
| ROIC | 9.17% | ||
| ROICexc | 10.15% | ||
| ROICexgc | 24.89% | ||
| OM | 11.22% | ||
| PM (TTM) | 8.35% | ||
| GM | 37.9% | ||
| FCFM | 8.62% |
ROA(3y)7.17%
ROA(5y)4.32%
ROE(3y)19.47%
ROE(5y)11.55%
ROIC(3y)10.45%
ROIC(5y)9.19%
ROICexc(3y)13.44%
ROICexc(5y)11.83%
ROICexgc(3y)33.71%
ROICexgc(5y)30.15%
ROCE(3y)12.15%
ROCE(5y)10.69%
ROICexcg growth 3Y1.45%
ROICexcg growth 5Y-1.29%
ROICexc growth 3Y-5.56%
ROICexc growth 5Y3.4%
OM growth 3Y-3.13%
OM growth 5Y0.98%
PM growth 3Y42.67%
PM growth 5YN/A
GM growth 3Y3.44%
GM growth 5Y0.07%
F-Score6
Asset Turnover0.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 5.41 | ||
| Debt/EBITDA | 2.93 | ||
| Cap/Depr | 115.62% | ||
| Cap/Sales | 5.37% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 88.18% | ||
| Profit Quality | 103.14% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 3.05 |
F-Score6
WACC8.98%
ROIC/WACC1.02
Cap/Depr(3y)115.8%
Cap/Depr(5y)107.58%
Cap/Sales(3y)4.64%
Cap/Sales(5y)4.64%
Profit Quality(3y)88.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.32%
EPS 3Y10.05%
EPS 5Y6%
EPS Q2Q%29.03%
EPS Next Y12.81%
EPS Next 2Y11.15%
EPS Next 3Y9.7%
EPS Next 5YN/A
Revenue 1Y (TTM)6%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%16.65%
Revenue Next Year8%
Revenue Next 2Y6.52%
Revenue Next 3Y5.28%
Revenue Next 5YN/A
EBIT growth 1Y-1.67%
EBIT growth 3Y-0.94%
EBIT growth 5Y3.92%
EBIT Next Year37.81%
EBIT Next 3Y15.82%
EBIT Next 5YN/A
FCF growth 1Y10.15%
FCF growth 3Y7.9%
FCF growth 5Y5.96%
OCF growth 1Y16.07%
OCF growth 3Y8.97%
OCF growth 5Y4.92%