BELDEN INC (BDC) Stock Fundamental Analysis
USA - NYSE:BDC - US0774541066 - Common Stock
131.5 USD
-1.99 (-1.49%)
131.5 USD
0 (0%)
Overall BDC gets a fundamental rating of 5 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
In the past year BDC was profitable.
BDC had a positive operating cash flow in the past year.
BDC had positive earnings in 4 of the past 5 years.
Each year in the past 5 years BDC had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.62%, BDC belongs to the top of the industry, outperforming 82.40% of the companies in the same industry.
BDC has a better Return On Equity (18.23%) than 88.80% of its industry peers.
The Return On Invested Capital of BDC (9.15%) is better than 80.80% 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 9.48%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.62% | ||
| ROE | 18.23% | ||
| ROIC | 9.15% |
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 has a better Profit Margin (8.60%) than 80.00% of its industry peers.
In the last couple of years the Profit Margin of BDC has grown nicely.
BDC's Operating Margin of 11.32% is fine compared to the rest of the industry. BDC outperforms 78.40% 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's Gross Margin of 38.13% is fine compared to the rest of the industry. BDC outperforms 66.40% 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 | 11.32% | ||
| PM (TTM) | 8.6% | ||
| GM | 38.13% |
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.
BDC has less shares outstanding than it did 5 years ago.
BDC has a better debt/assets ratio than last year.
2.2 Solvency
BDC has an Altman-Z score of 3.24. This indicates that BDC is financially healthy and has little risk of bankruptcy at the moment.
With a Altman-Z score value of 3.24, BDC perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
The Debt to FCF ratio of BDC is 5.94, which is a neutral value as it means it would take BDC, 5.94 years of fcf income to pay off all of its debts.
BDC has a Debt to FCF ratio (5.94) which is comparable to the rest of the industry.
BDC has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
BDC has a worse Debt to Equity ratio (1.04) than 89.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 5.94 | ||
| Altman-Z | 3.24 |
ROIC/WACC1.03
WACC8.92%
2.3 Liquidity
A Current Ratio of 1.99 indicates that BDC should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.99, BDC is doing worse than 60.80% of the companies in the same industry.
BDC has a Quick Ratio of 1.35. This is a normal value and indicates that BDC is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.35, BDC is not doing good in the industry: 61.60% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.35 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.70% over the past year.
The Earnings Per Share has been growing slightly by 6.00% on average over the past years.
The Revenue has grown by 12.93% in the past year. This is quite good.
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)18.7%
EPS 3Y10.05%
EPS 5Y6%
EPS Q2Q%25.17%
Revenue 1Y (TTM)12.93%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%11.2%
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.
Based on estimates for the next years, BDC will show a small growth in Revenue. The Revenue will grow by 5.20% on average per year.
EPS Next Y16.22%
EPS Next 2Y11.05%
EPS Next 3Y9.31%
EPS Next 5Y12.03%
Revenue Next Year8.97%
Revenue Next 2Y6.97%
Revenue Next 3Y5.91%
Revenue Next 5Y5.2%
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
The Price/Earnings ratio is 18.50, which indicates a rather expensive current valuation of BDC.
Based on the Price/Earnings ratio, BDC is valued cheaply inside the industry as 85.60% of the companies are valued more expensively.
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.
A Price/Forward Earnings ratio of 16.74 indicates a correct valuation of BDC.
BDC's Price/Forward Earnings ratio is rather cheap when compared to the industry. BDC is cheaper than 81.60% 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 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.5 | ||
| Fwd PE | 16.74 |
4.2 Price Multiples
74.40% of the companies in the same industry are more expensive than BDC, based on the Enterprise Value to EBITDA ratio.
BDC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BDC is cheaper than 76.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.16 | ||
| EV/EBITDA | 14.7 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of BDC may justify a higher PE ratio.
PEG (NY)1.14
PEG (5Y)3.08
EPS Next 2Y11.05%
EPS Next 3Y9.31%
5. Dividend
5.1 Amount
With a yearly dividend of 0.15%, BDC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.39, BDC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, BDC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.15% |
5.2 History
The dividend of BDC decreases each year by -24.30%.
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)-24.3%
Div Incr Years0
Div Non Decr Years20
5.3 Sustainability
3.60% of the earnings are spent on dividend by BDC. This is a low number and sustainable payout ratio.
DP3.6%
EPS Next 2Y11.05%
EPS Next 3Y9.31%
131.5
-1.99 (-1.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners104.31%
Inst Owner Change-2.33%
Ins Owners1.46%
Ins Owner Change-3.17%
Market Cap5.21B
Analysts78
Price Target145.45 (10.61%)
Short Float %2.12%
Short Ratio2.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.15% |
Yearly Dividend0.2
Dividend Growth(5Y)-24.3%
DP3.6%
Div Incr Years0
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.39%
Min EPS beat(2)6.25%
Max EPS beat(2)6.52%
EPS beat(4)4
Avg EPS beat(4)7.46%
Min EPS beat(4)4.7%
Max EPS beat(4)12.37%
EPS beat(8)7
Avg EPS beat(8)10.35%
EPS beat(12)11
Avg EPS beat(12)9.61%
EPS beat(16)15
Avg EPS beat(16)9.84%
Revenue beat(2)2
Avg Revenue beat(2)0.82%
Min Revenue beat(2)0.5%
Max Revenue beat(2)1.14%
Revenue beat(4)4
Avg Revenue beat(4)0.77%
Min Revenue beat(4)0.5%
Max Revenue beat(4)1.14%
Revenue beat(8)7
Avg Revenue beat(8)1.57%
Revenue beat(12)10
Avg Revenue beat(12)1.67%
Revenue beat(16)12
Avg Revenue beat(16)1.64%
PT rev (1m)0%
PT rev (3m)11.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.32%
EPS NY rev (1m)2.91%
EPS NY rev (3m)3.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.5 | ||
| Fwd PE | 16.74 | ||
| P/S | 1.99 | ||
| P/FCF | 24.16 | ||
| P/OCF | 14.64 | ||
| P/B | 4.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.7 |
EPS(TTM)7.11
EY5.41%
EPS(NY)7.86
Fwd EY5.97%
FCF(TTM)5.44
FCFY4.14%
OCF(TTM)8.98
OCFY6.83%
SpS66.07
BVpS31.16
TBVpS-5.44
PEG (NY)1.14
PEG (5Y)3.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.62% | ||
| ROE | 18.23% | ||
| ROCE | 10.65% | ||
| ROIC | 9.15% | ||
| ROICexc | 10.26% | ||
| ROICexgc | 24.68% | ||
| OM | 11.32% | ||
| PM (TTM) | 8.6% | ||
| GM | 38.13% | ||
| FCFM | 8.24% |
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-Score8
Asset Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 5.94 | ||
| Debt/EBITDA | 3.04 | ||
| Cap/Depr | 112.5% | ||
| Cap/Sales | 5.36% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.53% | ||
| Profit Quality | 95.84% | ||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.35 | ||
| Altman-Z | 3.24 |
F-Score8
WACC8.92%
ROIC/WACC1.03
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)18.7%
EPS 3Y10.05%
EPS 5Y6%
EPS Q2Q%25.17%
EPS Next Y16.22%
EPS Next 2Y11.05%
EPS Next 3Y9.31%
EPS Next 5Y12.03%
Revenue 1Y (TTM)12.93%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%11.2%
Revenue Next Year8.97%
Revenue Next 2Y6.97%
Revenue Next 3Y5.91%
Revenue Next 5Y5.2%
EBIT growth 1Y11.5%
EBIT growth 3Y-0.94%
EBIT growth 5Y3.92%
EBIT Next Year35.86%
EBIT Next 3Y15.64%
EBIT Next 5Y12.42%
FCF growth 1Y-9.31%
FCF growth 3Y7.9%
FCF growth 5Y5.96%
OCF growth 1Y3.27%
OCF growth 3Y8.97%
OCF growth 5Y4.92%