BELDEN INC (BDC)
US0774541066 - Common Stock
Overall BDC gets a fundamental rating of 6 out of 10. We evaluated BDC against 127 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
BDC had positive earnings in the past year.
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.
Each year in the past 5 years BDC had a positive operating cash flow.
1.2 Ratios
BDC's Return On Assets of 7.49% is amongst the best of the industry. BDC outperforms 82.54% of its industry peers.
Looking at the Return On Equity, with a value of 20.82%, BDC belongs to the top of the industry, outperforming 91.27% of the companies in the same industry.
BDC's Return On Invested Capital of 10.52% is fine compared to the rest of the industry. BDC outperforms 79.37% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BDC is in line with the industry average of 9.44%.
The last Return On Invested Capital (10.52%) for BDC is above the 3 year average (10.42%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.49% | ||
| ROE | 20.82% | ||
| ROIC | 10.52% |
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
BDC has a Profit Margin of 9.66%. This is amongst the best in the industry. BDC outperforms 83.33% of its industry peers.
In the last couple of years the Profit Margin of BDC has grown nicely.
BDC has a Operating Margin of 12.90%. This is amongst the best in the industry. BDC outperforms 84.92% of its industry peers.
BDC's Operating Margin has been stable in the last couple of years.
BDC has a better Gross Margin (38.08%) than 70.63% of its industry peers.
BDC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.9% | ||
| PM (TTM) | 9.66% | ||
| GM | 38.08% |
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
BDC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, BDC has less shares outstanding
The number of shares outstanding for BDC has been increased compared to 5 years ago.
Compared to 1 year ago, BDC has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.81 indicates that BDC is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.81, BDC is in line with its industry, outperforming 54.76% of the companies in the same industry.
BDC has a debt to FCF ratio of 5.97. This is a neutral value as BDC would need 5.97 years to pay back of all of its debts.
BDC has a Debt to FCF ratio (5.97) which is in line with its industry peers.
A Debt/Equity ratio of 1.04 is on the high side and indicates that BDC has dependencies on debt financing.
With a Debt to Equity ratio value of 1.04, BDC is not doing good in the industry: 86.51% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 5.97 | ||
| Altman-Z | 2.81 |
ROIC/WACC1.22
WACC8.59%
2.3 Liquidity
BDC has a Current Ratio of 2.30. This indicates that BDC is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BDC (2.30) is comparable to the rest of the industry.
BDC has a Quick Ratio of 1.72. This is a normal value and indicates that BDC is financially healthy and should not expect problems in meeting its short term obligations.
BDC's Quick ratio of 1.72 is in line compared to the rest of the industry. BDC outperforms 53.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.3 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
BDC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.22%.
BDC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.42% yearly.
The Revenue has decreased by -3.63% in the past year.
BDC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.01% yearly.
EPS 1Y (TTM)6.22%
EPS 3Y35.42%
EPS 5Y2.42%
EPS growth Q2Q-16.57%
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y12.76%
Revenue growth 5Y3.01%
Revenue growth Q2Q-16.36%
3.2 Future
Based on estimates for the next years, BDC will show a small growth in Earnings Per Share. The EPS will grow by 7.05% on average per year.
Based on estimates for the next years, BDC will show a very strong growth in Revenue. The Revenue will grow by 22.07% on average per year.
EPS Next Y-14.78%
EPS Next 2Y3.88%
EPS Next 3Y7.05%
EPS Next 5YN/A
Revenue Next Year-6.42%
Revenue Next 2Y1.97%
Revenue Next 3Y22.07%
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.
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
Based on the Price/Earnings ratio of 12.21, the valuation of BDC can be described as correct.
BDC's Price/Earnings ratio is rather cheap when compared to the industry. BDC is cheaper than 84.13% of the companies in the same industry.
BDC is valuated cheaply when we compare the Price/Earnings ratio to 24.92, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.33, which indicates a correct valuation of BDC.
80.16% of the companies in the same industry are more expensive than BDC, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.49. BDC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.21 | ||
| Fwd PE | 14.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BDC is valued a bit cheaper than 78.57% of the companies in the same industry.
80.16% 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 | 16.71 | ||
| EV/EBITDA | 9.41 |
4.3 Compensation for Growth
The excellent profitability rating of BDC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)5.04
EPS Next 2Y3.88%
EPS Next 3Y7.05%
5. Dividend
5.1 Amount
BDC has a yearly dividend return of 0.24%, which is pretty low.
BDC's Dividend Yield is a higher than the industry average which is at 1.76.
With a Dividend Yield of 0.24, BDC pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
5.2 History
The dividend of BDC decreases each year by -28.20%.
BDC has been paying a dividend for at least 10 years, so it has 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)-28.2%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
BDC pays out 3.50% of its income as dividend. This is a sustainable payout ratio.
DP3.5%
EPS Next 2Y3.88%
EPS Next 3Y7.05%
BELDEN INC
NYSE:BDC (4/26/2024, 7:04:00 PM)
After market: 83.4 0 (0%)83.4
+0.51 (+0.62%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.39B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.21 | ||
| Fwd PE | 14.33 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)5.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.49% | ||
| ROE | 20.82% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.9% | ||
| PM (TTM) | 9.66% | ||
| GM | 38.08% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.3 | ||
| Quick Ratio | 1.72 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.22%
EPS 3Y35.42%
EPS 5Y
EPS growth Q2Q
EPS Next Y-14.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-3.63%
Revenue growth 3Y12.76%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y