Belden (BDC) AI Stock Analysis

• Market Cap: $4.99B
• Dividend Yield: 0.15%
• Average Volume (3M): 315.85K
• Price to Earnings (P/E): 22.9
• Beta (1Y): 1.18
• Revenue Growth: 12.93%
• EPS Growth: 17.64%
• Country: US
• Employees: 7,500
• Sector: Technology
• Sector Strength: 84
• Industry: Communication Equipment
• EPS (TTM): 1.89
• Shares Outstanding: 39,619,840
• 10 Day Avg. Volume: 259,824
• 30 Day Avg. Volume: 315,846
• PEG Ratio: -1.53
• Price to Book (P/B): 3.54
• Price to Sales (P/S): 1.86
• P/FCF Ratio: 20.55
• Enterprise Value/Market Cap: 1.15
• Enterprise Value/Revenue: 2.20
• Enterprise Value/Gross Profit: 5.84
• Enterprise Value/Ebitda: 13.72
• 1Y Price Target: $142.20
• Price Target Upside: 8.45% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: $139.00 ▲(6.01% Upside)

Belden's strong financial performance and positive earnings call results are the most significant factors driving the stock's score. The company's strategic wins and improved financial flexibility through a new credit agreement further bolster its position. However, a relatively high P/E ratio and low dividend yield suggest potential overvaluation, which slightly tempers the overall score.

Positive Factors

Financial Performance

BDC delivered another solid quarterly performance with upside to expectations and guidance that was largely in line with the consensus.

Market Trends

The U.S. onshoring trend is accelerating, expanding the opportunity pipeline with increased customer planning activity.

Strategic Transformation

The company's transformation from a parts supplier into a value-added solutions partner is accelerating, yielding significant financial benefits and providing a durable competitive advantage.

Negative Factors

Investment Uncertainty

Customers are increasingly reluctant to commit to major investments in the short term due to uncertainties.

Belden Business Overview & Revenue Model

Company Description

Belden Inc. (BDC) is a global leader in signal transmission solutions, providing a wide range of products and services across several sectors, including industrial automation, enterprise connectivity, and broadcast. The company specializes in high-quality cables, connectivity, and networking products designed to ensure reliable data transmission across various applications. Belden serves diverse markets such as industrial, enterprise, and broadcast, emphasizing innovation and performance in its core offerings.

How the Company Makes Money

Belden generates revenue through the sale of its extensive portfolio of products, which includes cables, connectors, and networking equipment. The company's primary revenue streams come from its three main business segments: Industrial Solutions, Enterprise Solutions, and Broadcast Solutions. Industrial Solutions focus on providing connectivity for factory automation and process control systems, while Enterprise Solutions cater to the demands of data centers and corporate networks. Broadcast Solutions deliver products tailored for the media and entertainment industry. Additionally, Belden benefits from strategic partnerships with other technology providers, which enhance its market reach and product offerings, contributing to its overall revenue growth. The company's focus on innovation and quality positions it favorably within its sectors, allowing it to capitalize on increasing demand for reliable connectivity solutions.

Belden Financial Statement Overview

Summary

Belden's financial health is robust, characterized by strong profitability and moderate growth. While the company maintains stable cash flows and effective cash conversion, slight weaknesses in operational efficiency and reliance on debt warrant attention.

Income Statement

Belden exhibits strong profitability with a TTM gross profit margin of 38.1% and a net profit margin of 8.6%, indicating effective cost management. The revenue growth rate of 6.36% from the previous annual period suggests modest expansion. However, the decline in EBIT margin from 12.6% to 11.3% indicates potential pressure on operational efficiency.

Balance Sheet

The balance sheet is stable, with a debt-to-equity ratio of 1.11, suggesting moderate leverage. Return on equity is 18.2%, showing strong shareholder returns. However, the equity ratio of 37.0% highlights a reliance on debt financing, which could pose risks during economic downturns.

Cash Flow

Cash flow performance is solid, with a slight decrease in free cash flow from $222.98M to $215.66M, indicating stable cash generation. The operating cash flow to net income ratio of 1.58 demonstrates efficient cash conversion from profits. However, the free cash flow to net income ratio of 0.96 could improve to provide more buffer for financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.62B	2.46B	2.51B	2.61B	2.30B	1.86B
Gross Profit	984.76M	922.22M	954.97M	916.29M	854.36M	663.29M
EBITDA	419.58M	381.99M	418.83M	449.38M	377.46M	258.41M
Net Income	225.02M	198.43M	242.76M	254.66M	63.92M	77.85M
Balance Sheet
Total Assets	3.40B	3.33B	3.24B	3.16B	3.42B	3.14B
Cash, Cash Equivalents and Short-Term Investments	301.49M	370.30M	597.04M	687.68M	643.76M	501.99M
Total Debt	1.40B	1.25B	1.30B	1.24B	1.53B	1.62B
Total Liabilities	2.17B	2.03B	2.07B	2.02B	2.46B	2.38B
Stockholders Equity	1.23B	1.29B	1.17B	1.14B	955.29M	750.58M
Cash Flow
Free Cash Flow	215.66M	222.98M	202.91M	176.20M	177.42M	83.15M
Operating Cash Flow	355.87M	352.08M	319.64M	281.30M	272.06M	173.36M
Investing Cash Flow	-430.42M	-426.75M	-200.36M	168.41M	-92.00M	-31.64M
Financing Cash Flow	-192.53M	-143.72M	-211.93M	-393.21M	-32.93M	-74.91M

Belden Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 131.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDC, the sentiment is Positive. The current price of 131.12 is above the 20-day moving average (MA) of 123.36, above the 50-day MA of 120.98, and above the 200-day MA of 113.37, indicating a bullish trend. The MACD of 1.36 indicates Negative momentum. The RSI at 62.68 is Neutral, neither overbought nor oversold. The STOCH value of 72.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BDC.

Belden Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DGII	78 Outperform	$1.28B	30.22	7.21%	―	-2.37%	147.46%
BDC	74 Outperform	$4.99B	22.86	18.34%	0.15%	12.93%	17.64%
PI	69 Neutral	$4.89B	24,558.33	0.42%	―	13.96%	-96.21%
EXTR	67 Neutral	$2.64B	―	-16.44%	―	2.05%	91.37%
LITE	65 Neutral	$8.34B	506.11	2.48%	―	21.03%	―
Sector *	61 Neutral	$35.50B	7.54	-10.82%	1.90%	8.85%	-10.46%
VIAV	58 Neutral	$2.41B	72.27	4.76%	―	8.39%	―

Belden Corporate Events

Belden Secures New Credit Agreement with JPMorgan

On July 18, 2025, Belden Inc. and its subsidiaries entered into a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank and a syndicate of lenders. This agreement extends the maturity date of their credit facility to July 18, 2030, and increases commitments from $300 million to $400 million, enhancing Belden’s financial flexibility and supporting its operational and strategic initiatives.

Belden Holds Annual Meeting of Stockholders

On May 22, 2025, Belden Inc. held its Annual Meeting of Stockholders where three proposals were considered. The election of nine directors for a one-year term was approved with varying levels of support for each candidate. Additionally, Ernst & Young was ratified as the independent registered public accountant, and an advisory vote on executive compensation was conducted.