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 124 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.
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's Return On Assets of 6.51% is amongst the best of the industry. BDC outperforms 80.80% of its industry peers.
Looking at the Return On Equity, with a value of 17.43%, BDC belongs to the top of the industry, outperforming 88.00% of the companies in the same industry.
BDC has a Return On Invested Capital of 9.17%. This is amongst the best in the industry. BDC outperforms 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 9.54%.
| 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 has a Profit Margin of 8.35%. This is in the better half of the industry: BDC outperforms 78.40% 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 80.80% of its industry peers.
BDC's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 37.90%, BDC is doing good in the industry, outperforming 65.60% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BDC is still creating some value.
BDC has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BDC has less shares outstanding
BDC has a better debt/assets ratio than last year.
2.2 Solvency
BDC has an Altman-Z score of 3.15. This indicates that BDC is financially healthy and has little risk of bankruptcy at the moment.
With a Altman-Z score value of 3.15, BDC perfoms like the industry average, outperforming 56.00% of the companies in the same industry.
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.
The Debt to FCF ratio of BDC (5.41) is better than 60.80% 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 has a Debt to Equity ratio of 0.97. This is amonst the worse of the industry: BDC underperforms 92.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 5.41 | ||
| Altman-Z | 3.15 |
ROIC/WACC1.19
WACC7.71%
2.3 Liquidity
BDC has a Current Ratio of 1.93. 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 Current ratio value of 1.93, BDC is not doing good in the industry: 63.20% of the companies in the same industry are doing better.
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 64.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
BDC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.70%, which is quite good.
BDC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.00% yearly.
BDC shows a decrease in Revenue. In the last year, the revenue decreased by -2.03%.
BDC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.92% yearly.
EPS 1Y (TTM)18.7%
EPS 3Y10.05%
EPS 5Y6%
EPS Q2Q%25.17%
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%11.19%
3.2 Future
The Earnings Per Share is expected to grow by 12.03% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.20% on average over the next years.
EPS Next Y12.94%
EPS Next 2Y11.36%
EPS Next 3Y10.55%
EPS Next 5Y12.03%
Revenue Next Year8.41%
Revenue Next 2Y6.71%
Revenue Next 3Y5.52%
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.
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
With a Price/Earnings ratio of 16.54, BDC is valued correctly.
84.80% of the companies in the same industry are more expensive than BDC, based on the Price/Earnings ratio.
BDC is valuated rather cheaply when we compare the Price/Earnings ratio to 26.82, which is the current average of the S&P500 Index.
BDC is valuated correctly with a Price/Forward Earnings ratio of 14.89.
Based on the Price/Forward Earnings ratio, BDC is valued cheaper than 84.00% of the companies in the same industry.
BDC is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.54 | ||
| Fwd PE | 14.89 |
4.2 Price Multiples
BDC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BDC is cheaper than 73.60% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BDC is valued a bit cheaper than 79.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.14 | ||
| EV/EBITDA | 13.78 |
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)1.28
PEG (5Y)2.76
EPS Next 2Y11.36%
EPS Next 3Y10.55%
5. Dividend
5.1 Amount
With a yearly dividend of 0.16%, BDC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.78, BDC pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.16, BDC pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-24.3%
Div Incr Years0
Div Non Decr Years20
5.3 Sustainability
3.82% of the earnings are spent on dividend by BDC. This is a low number and sustainable payout ratio.
DP3.82%
EPS Next 2Y11.36%
EPS Next 3Y10.55%
117.63
-6.02 (-4.87%)
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-0.26%
Ins Owners1.45%
Ins Owner Change7.88%
Market Cap4.65B
Analysts78
Price Target137.09 (16.54%)
Short Float %1.84%
Short Ratio2.84
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)3.86%
PT rev (3m)5.49%
EPS NQ rev (1m)0.67%
EPS NQ rev (3m)2.16%
EPS NY rev (1m)0%
EPS NY rev (3m)1.52%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)-0.76%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)-0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.54 | ||
| Fwd PE | 14.89 | ||
| P/S | 1.82 | ||
| P/FCF | 21.14 | ||
| P/OCF | 13.02 | ||
| P/B | 3.8 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.78 |
EPS(TTM)7.11
EY6.04%
EPS(NY)7.9
Fwd EY6.72%
FCF(TTM)5.56
FCFY4.73%
OCF(TTM)9.03
OCFY7.68%
SpS64.56
BVpS30.95
TBVpS-5.39
PEG (NY)1.28
PEG (5Y)2.76
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 | 3.15 |
F-Score6
WACC7.71%
ROIC/WACC1.19
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 Y12.94%
EPS Next 2Y11.36%
EPS Next 3Y10.55%
EPS Next 5Y12.03%
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%11.19%
Revenue Next Year8.41%
Revenue Next 2Y6.71%
Revenue Next 3Y5.52%
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%