BELDEN INC (BDC) Stock Fundamental Analysis
NYSE:BDC - US0774541066 - Common Stock
131.12 USD
+6.94 (+5.59%)
131.12 USD
0 (0%)
Taking everything into account, BDC scores 6 out of 10 in our fundamental rating. BDC was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. While BDC has a great profitability rating, 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
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.
Each year in the past 5 years BDC had a positive operating cash flow.
1.2 Ratios
BDC has a better Return On Assets (6.62%) than 83.87% of its industry peers.
The Return On Equity of BDC (18.23%) is better than 88.71% of its industry peers.
BDC has a better Return On Invested Capital (9.15%) than 81.45% 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 9.66%.
| 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 Profit Margin of 8.60%. This is amongst the best in the industry. BDC outperforms 81.45% of its industry peers.
BDC's Profit Margin has improved in the last couple of years.
BDC has a Operating Margin of 11.32%. This is in the better half of the industry: BDC outperforms 79.84% of its industry peers.
BDC's Operating Margin has been stable in the last couple of years.
BDC has a better Gross Margin (38.13%) than 66.13% 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
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
An Altman-Z score of 3.24 indicates that BDC is not in any danger for bankruptcy at the moment.
BDC has a Altman-Z score of 3.24. This is comparable to the rest of the industry: BDC outperforms 50.81% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 5.94, BDC is in the better half of the industry, outperforming 60.48% of the companies in the same industry.
BDC has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.04, BDC is doing worse than 91.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 5.94 | ||
| Altman-Z | 3.24 |
ROIC/WACC1.01
WACC9.05%
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 60.48% 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: 62.10% 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
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.
The Earnings Per Share has been growing slightly by 6.00% on average over the past years.
BDC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.93%.
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.
The Revenue is expected to grow by 5.20% on average over the next years.
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
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 18.44, BDC is valued on the expensive side.
84.68% 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 27.24, which is the current average of the S&P500 Index.
BDC is valuated correctly with a Price/Forward Earnings ratio of 16.69.
BDC's Price/Forward Earnings ratio is rather cheap when compared to the industry. BDC is cheaper than 80.65% 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 22.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 16.69 |
4.2 Price Multiples
BDC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BDC is cheaper than 71.77% of the companies in the same industry.
BDC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BDC is cheaper than 75.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.09 | ||
| EV/EBITDA | 14.67 |
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)3.07
EPS Next 2Y11.05%
EPS Next 3Y9.31%
5. Dividend
5.1 Amount
BDC has a yearly dividend return of 0.16%, which is pretty low.
Compared to an average industry Dividend Yield of 1.61, 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 2.34.
| 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 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 3.60% of its income as dividend. This is a sustainable payout ratio.
DP3.6%
EPS Next 2Y11.05%
EPS Next 3Y9.31%
131.12
+6.94 (+5.59%)
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 Change7.73%
Market Cap5.19B
Analysts78
Price Target145.45 (10.93%)
Short Float %1.72%
Short Ratio2.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
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)6.1%
PT rev (3m)11.93%
EPS NQ rev (1m)2.95%
EPS NQ rev (3m)0.97%
EPS NY rev (1m)2.91%
EPS NY rev (3m)3.02%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-1.66%
Revenue NY rev (1m)0.75%
Revenue NY rev (3m)0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 16.69 | ||
| P/S | 1.98 | ||
| P/FCF | 24.09 | ||
| P/OCF | 14.6 | ||
| P/B | 4.21 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.67 |
EPS(TTM)7.11
EY5.42%
EPS(NY)7.86
Fwd EY5.99%
FCF(TTM)5.44
FCFY4.15%
OCF(TTM)8.98
OCFY6.85%
SpS66.07
BVpS31.16
TBVpS-5.44
PEG (NY)1.14
PEG (5Y)3.07
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
WACC9.05%
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)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%