BELDEN INC (BDC) Stock Fundamental Analysis
NYSE:BDC - New York Stock Exchange, Inc. - US0774541066 - Common Stock - Currency: USD
Overall BDC gets a fundamental rating of 6 out of 10. We evaluated BDC against 125 industry peers in the Electronic Equipment, Instruments & Components industry. BDC has an excellent profitability rating, but 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
BDC had positive earnings in the past year.
BDC had a positive operating cash flow in the past year.
Of the past 5 years BDC 4 years were profitable.
BDC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BDC has a better Return On Assets (6.51%) than 81.60% of its industry peers.
The Return On Equity of BDC (17.43%) is better than 88.80% of its industry peers.
BDC's Return On Invested Capital of 9.17% is amongst the best of the industry. BDC outperforms 81.60% of its industry peers.
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 9.16%.
| 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 amongst the best of the industry. BDC outperforms 80.80% of its industry peers.
BDC's Profit Margin has improved in the last couple of years.
BDC's Operating Margin of 11.22% is amongst the best of the industry. BDC outperforms 81.60% of its industry peers.
BDC's Operating Margin has been stable in the last couple of years.
BDC has a better Gross Margin (37.90%) than 64.80% 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
BDC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for BDC has been reduced compared to 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
BDC has an Altman-Z score of 3.22. This indicates that BDC is financially healthy and has little risk of bankruptcy at the moment.
BDC's Altman-Z score of 3.22 is in line compared to the rest of the industry. BDC outperforms 54.40% of its industry peers.
The Debt to FCF ratio of BDC is 5.41, which is a neutral value as it means it would take BDC, 5.41 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.41, BDC is in the better half of the industry, outperforming 60.80% of the companies in the same industry.
BDC has a Debt/Equity ratio of 0.97. This is a neutral value indicating BDC is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.97, BDC is not doing good in the industry: 92.80% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 5.41 | ||
| Altman-Z | 3.22 |
ROIC/WACC1.01
WACC9.06%
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 in the lower half of the industry: BDC underperforms 64.80% of its industry peers.
A Quick Ratio of 1.29 indicates that BDC should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.29, BDC is doing worse than 66.40% of the companies in the same industry.
| 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.
Measured over the past 5 years, BDC shows a small growth in Earnings Per Share. The EPS has been growing by 6.00% on average per year.
The Revenue has been growing slightly by 6.00% in the past year.
BDC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.92% yearly.
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
Based on estimates for the next years, BDC will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.03% on average per year.
The Revenue is expected to grow by 5.20% on average over the next years.
EPS Next Y12.94%
EPS Next 2Y11.25%
EPS Next 3Y10.55%
EPS Next 5Y12.03%
Revenue Next Year8.16%
Revenue Next 2Y6.52%
Revenue Next 3Y5.46%
Revenue Next 5Y5.2%
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
Based on the Price/Earnings ratio of 18.22, the valuation of BDC can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of BDC indicates a rather cheap valuation: BDC is cheaper than 84.00% of the companies listed in the same industry.
BDC is valuated rather cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 15.55, which indicates a correct valuation of BDC.
84.00% of the companies in the same industry are more expensive than BDC, based on the Price/Forward Earnings ratio.
BDC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.22 | ||
| Fwd PE | 15.55 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BDC indicates a somewhat cheap valuation: BDC is cheaper than 73.60% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BDC indicates a somewhat cheap valuation: BDC is cheaper than 76.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.04 | ||
| EV/EBITDA | 14.36 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of BDC may justify a higher PE ratio.
PEG (NY)1.41
PEG (5Y)3.04
EPS Next 2Y11.25%
EPS Next 3Y10.55%
5. Dividend
5.1 Amount
BDC has a yearly dividend return of 0.16%, which is pretty low.
BDC's Dividend Yield is a higher than the industry average which is at 1.76.
Compared to an average S&P500 Dividend Yield of 2.37, BDC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
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 Years20
5.3 Sustainability
BDC pays out 3.82% of its income as dividend. This is a sustainable payout ratio.
DP3.82%
EPS Next 2Y11.25%
EPS Next 3Y10.55%
122.6
-0.98 (-0.79%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners104.56%
Inst Owner Change-0.01%
Ins Owners1.45%
Ins Owner Change7.59%
Market Cap4.84B
Analysts78
Price Target131.99 (7.66%)
Short Float %2.28%
Short Ratio3.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
Yearly Dividend0.2
Dividend Growth(5Y)-24.3%
DP3.82%
Div Incr Years0
Div Non Decr Years20
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)1.57%
PT rev (3m)-5.69%
EPS NQ rev (1m)0.48%
EPS NQ rev (3m)-0.45%
EPS NY rev (1m)0.11%
EPS NY rev (3m)0.21%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)-1.92%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.22 | ||
| Fwd PE | 15.55 | ||
| P/S | 1.9 | ||
| P/FCF | 22.04 | ||
| P/OCF | 13.57 | ||
| P/B | 3.96 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.36 |
EPS(TTM)6.73
EY5.49%
EPS(NY)7.88
Fwd EY6.43%
FCF(TTM)5.56
FCFY4.54%
OCF(TTM)9.03
OCFY7.37%
SpS64.56
BVpS30.95
TBVpS-5.39
PEG (NY)1.41
PEG (5Y)3.04
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 | 3.22 |
F-Score6
WACC9.06%
ROIC/WACC1.01
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 Y12.94%
EPS Next 2Y11.25%
EPS Next 3Y10.55%
EPS Next 5Y12.03%
Revenue 1Y (TTM)6%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%16.65%
Revenue Next Year8.16%
Revenue Next 2Y6.52%
Revenue Next 3Y5.46%
Revenue Next 5Y5.2%
EBIT growth 1Y-1.67%
EBIT growth 3Y-0.94%
EBIT growth 5Y3.92%
EBIT Next Year34.61%
EBIT Next 3Y14.03%
EBIT Next 5Y12.43%
FCF growth 1Y10.15%
FCF growth 3Y7.9%
FCF growth 5Y5.96%
OCF growth 1Y16.07%
OCF growth 3Y8.97%
OCF growth 5Y4.92%