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 5 out of 10. We evaluated BDC against 125 industry peers in the Electronic Equipment, Instruments & Components industry. BDC scores excellent on profitability, 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.
In the past 5 years BDC always reported a positive cash flow from operatings.
1.2 Ratios
BDC has a Return On Assets of 5.96%. This is in the better half of the industry: BDC outperforms 79.20% of its industry peers.
Looking at the Return On Equity, with a value of 15.33%, BDC belongs to the top of the industry, outperforming 84.80% of the companies in the same industry.
BDC has a Return On Invested Capital of 8.47%. This is in the better half of the industry: BDC outperforms 79.20% 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 9.29%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.96% | ||
| ROE | 15.33% | ||
| ROIC | 8.47% |
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 8.06%. This is in the better half of the industry: BDC outperforms 79.20% of its industry peers.
BDC's Profit Margin has improved in the last couple of years.
BDC has a better Operating Margin (10.83%) 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's Gross Margin of 37.47% is fine compared to the rest of the industry. BDC outperforms 66.40% of its industry peers.
BDC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.83% | ||
| PM (TTM) | 8.06% | ||
| GM | 37.47% |
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.
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 2.92. This is not the best score and indicates that BDC is in the grey zone with still only limited risk for bankruptcy at the moment.
BDC has a Altman-Z score (2.92) which is in line with its industry peers.
BDC has a debt to FCF ratio of 5.12. This is a neutral value as BDC would need 5.12 years to pay back of all of its debts.
The Debt to FCF ratio of BDC (5.12) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.88 indicates that BDC is somewhat dependend on debt financing.
BDC's Debt to Equity ratio of 0.88 is on the low side compared to the rest of the industry. BDC is outperformed by 88.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 5.12 | ||
| Altman-Z | 2.92 |
ROIC/WACC1.05
WACC8.08%
2.3 Liquidity
BDC has a Current Ratio of 1.92. This is a normal value and indicates that BDC is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.92, BDC is in line with its industry, outperforming 40.80% of the companies in the same industry.
A Quick Ratio of 1.37 indicates that BDC should not have too much problems paying its short term obligations.
BDC has a worse Quick ratio (1.37) than 61.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
The earnings per share for BDC have decreased by -6.73% in the last 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 decreased by -2.03% 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)-6.73%
EPS 3Y10.05%
EPS 5Y6%
EPS Q2Q%31.51%
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%20.83%
3.2 Future
BDC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.70% yearly.
Based on estimates for the next years, BDC will show a small growth in Revenue. The Revenue will grow by 5.16% on average per year.
EPS Next Y11.25%
EPS Next 2Y11.55%
EPS Next 3Y9.7%
EPS Next 5YN/A
Revenue Next Year8.45%
Revenue Next 2Y6.88%
Revenue Next 3Y5.16%
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
BDC is valuated correctly with a Price/Earnings ratio of 15.91.
Compared to the rest of the industry, the Price/Earnings ratio of BDC indicates a somewhat cheap valuation: BDC is cheaper than 79.20% of the companies listed in the same industry.
BDC is valuated rather cheaply when we compare the Price/Earnings ratio to 28.88, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 14.30, the valuation of BDC can be described as correct.
80.00% of the companies in the same industry are more expensive than BDC, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of BDC to the average of the S&P500 Index (21.20), we can say BDC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.91 | ||
| Fwd PE | 14.3 |
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 70.40% of the companies listed in the same industry.
BDC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BDC is cheaper than 74.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.07 | ||
| EV/EBITDA | 12.74 |
4.3 Compensation for Growth
BDC's 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)1.41
PEG (5Y)2.65
EPS Next 2Y11.55%
EPS Next 3Y9.7%
5. Dividend
5.1 Amount
With a yearly dividend of 0.20%, BDC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.26, BDC pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.20, BDC pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-24.3%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
4.13% of the earnings are spent on dividend by BDC. This is a low number and sustainable payout ratio.
DP4.13%
EPS Next 2Y11.55%
EPS Next 3Y9.7%
101.35
-1.76 (-1.71%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners104.77%
Inst Owner Change0.13%
Ins Owners1.22%
Ins Owner Change5.63%
Market Cap4.03B
Analysts78
Price Target129.95 (28.22%)
Short Float %2.99%
Short Ratio3.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
Yearly Dividend0.2
Dividend Growth(5Y)-24.3%
DP4.13%
Div Incr Years0
Div Non Decr Years19
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.53%
Min EPS beat(2)4.7%
Max EPS beat(2)12.37%
EPS beat(4)4
Avg EPS beat(4)10.47%
Min EPS beat(4)4.7%
Max EPS beat(4)15.42%
EPS beat(8)7
Avg EPS beat(8)10.61%
EPS beat(12)11
Avg EPS beat(12)10.95%
EPS beat(16)15
Avg EPS beat(16)13.42%
Revenue beat(2)2
Avg Revenue beat(2)0.73%
Min Revenue beat(2)0.72%
Max Revenue beat(2)0.75%
Revenue beat(4)4
Avg Revenue beat(4)2.17%
Min Revenue beat(4)0.72%
Max Revenue beat(4)4.19%
Revenue beat(8)6
Avg Revenue beat(8)1.55%
Revenue beat(12)10
Avg Revenue beat(12)2.35%
Revenue beat(16)12
Avg Revenue beat(16)1.93%
PT rev (1m)-7.14%
PT rev (3m)-9.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.35%
EPS NY rev (1m)-1.29%
EPS NY rev (3m)-8.29%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-3.06%
Revenue NY rev (1m)-0.85%
Revenue NY rev (3m)-3.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.91 | ||
| Fwd PE | 14.3 | ||
| P/S | 1.64 | ||
| P/FCF | 18.07 | ||
| P/OCF | 11.45 | ||
| P/B | 3.11 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.74 |
EPS(TTM)6.37
EY6.29%
EPS(NY)7.09
Fwd EY6.99%
FCF(TTM)5.61
FCFY5.53%
OCF(TTM)8.86
OCFY8.74%
SpS61.9
BVpS32.56
TBVpS-3.6
PEG (NY)1.41
PEG (5Y)2.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.96% | ||
| ROE | 15.33% | ||
| ROCE | 9.85% | ||
| ROIC | 8.47% | ||
| ROICexc | 9.81% | ||
| ROICexgc | 25.53% | ||
| OM | 10.83% | ||
| PM (TTM) | 8.06% | ||
| GM | 37.47% | ||
| FCFM | 9.06% |
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-Score5
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 5.12 | ||
| Debt/EBITDA | 2.98 | ||
| Cap/Depr | 111.54% | ||
| Cap/Sales | 5.25% | ||
| Interest Coverage | 6.28 | ||
| Cash Conversion | 92.12% | ||
| Profit Quality | 112.37% | ||
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.37 | ||
| Altman-Z | 2.92 |
F-Score5
WACC8.08%
ROIC/WACC1.05
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)-6.73%
EPS 3Y10.05%
EPS 5Y6%
EPS Q2Q%31.51%
EPS Next Y11.25%
EPS Next 2Y11.55%
EPS Next 3Y9.7%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y2.26%
Revenue growth 5Y2.92%
Sales Q2Q%20.83%
Revenue Next Year8.45%
Revenue Next 2Y6.88%
Revenue Next 3Y5.16%
Revenue Next 5YN/A
EBIT growth 1Y-17.78%
EBIT growth 3Y-0.94%
EBIT growth 5Y3.92%
EBIT Next Year37.81%
EBIT Next 3Y15.82%
EBIT Next 5YN/A
FCF growth 1Y9.89%
FCF growth 3Y7.9%
FCF growth 5Y5.96%
OCF growth 1Y10.15%
OCF growth 3Y8.97%
OCF growth 5Y4.92%