Belden (BDC) AI Stock Analysis

• Market Cap: $4.82B
• Dividend Yield: 0.16%
• Average Volume (3M): 246.03K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 1.18
• Revenue Growth: 5.99%
• EPS Growth: 1.71%
• Country: US
• Employees: 7,500
• Sector: Technology
• Sector Strength: 91
• Industry: Communication Equipment
• EPS (TTM): 1.60
• Shares Outstanding: 39,496,864
• 10 Day Avg. Volume: 278,260
• 30 Day Avg. Volume: 246,030
• PEG Ratio: -0.62
• Price to Book (P/B): 2.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.91
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 0.35
• Enterprise Value/Gross Profit: 3.56
• Enterprise Value/Ebitda: 2.27
• 1Y Price Target: $132.80
• Price Target Upside: 7.46% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 76 Outperform
• Price Target: $136.00 ▲(10.05%Upside)

Belden's overall stock score reflects its strong financial performance and positive earnings call, which are the most significant factors. The technical analysis suggests potential short-term volatility due to overbought conditions, and the valuation indicates the stock may be slightly overvalued. Despite these concerns, the company's strategic initiatives and robust growth metrics provide a solid foundation for future performance.

Positive Factors

Company 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.

Market Outlook

Management's outlook is upbeat, with stable end market demand and a cautiously optimistic view on near-term demand trends.

Order Growth

Automation Solutions orders increased by 22%, driving strong revenue and EBITDA growth.

Negative Factors

Customer Investment Reluctance

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 for mission-critical applications. The company designs, manufactures, and markets a comprehensive portfolio of products focused on the industrial automation, enterprise, security, and broadcast markets. Its core offerings include cables, connectivity, and networking products, which are integral components in the development and maintenance of efficient and reliable communication networks.

How the Company Makes Money

Belden generates revenue primarily through the sale of its extensive range of products, which are categorized into two main segments: Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment focuses on providing network infrastructure components, such as high-performance copper and fiber optic cables, connectivity, and related products for enterprise environments. The Industrial Solutions segment offers products and systems that ensure reliable and secure transmission of data, audio, and video signals in industrial settings. The company's revenue model also benefits from its strategic acquisitions and partnerships that expand its market reach and enhance its product offerings. Additionally, Belden invests in research and development to innovate and improve its product line, thereby maintaining its competitive edge in the industry.

Belden Financial Statement Overview

Summary

Belden demonstrates strong financial health with consistent revenue and profit growth, efficient cost management, and robust cash flow generation. The company maintains a balanced leverage profile, though reliance on debt should be monitored.

Income Statement

Belden's income statement reflects strong profitability and growth. The Gross Profit Margin for TTM (Trailing-Twelve-Months) is 37.5%, and the Net Profit Margin is 8.4%, indicating effective cost management and profitability. Revenue growth is positive at 3.6% compared to the previous annual report, demonstrating steady growth. The EBIT Margin is 11.4% and EBITDA Margin is 14.6%, both showing robust operational efficiency. Overall, the income statement presents a healthy financial performance with consistent growth and profitability.

Balance Sheet

The balance sheet shows a stable financial position. The Debt-to-Equity Ratio is 1.04, indicating a balanced leverage level. Return on Equity (ROE) is 17.4%, reflecting good returns for shareholders. The Equity Ratio is 38.1%, suggesting adequate equity financing. While the company maintains a healthy equity base, it relies moderately on debt, which could pose risks if not managed carefully.

Cash Flow

The cash flow statement highlights solid cash generation capabilities. The Free Cash Flow Growth Rate is slightly negative at -1.5%, but the Operating Cash Flow to Net Income Ratio is 1.67, indicating strong cash conversion. The Free Cash Flow to Net Income Ratio is 1.03, demonstrating effective cash flow management. While there is a slight decline in free cash flow, overall cash flow metrics show strong liquidity and efficient cash operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.55B	2.46B	2.51B	2.61B	2.30B	1.86B
Gross Profit	956.53M	922.22M	954.97M	916.29M	854.36M	663.29M
EBITDA	403.72M	381.99M	418.83M	449.38M	377.46M	258.41M
Net Income	213.06M	198.43M	242.76M	254.66M	63.92M	77.85M
Balance Sheet
Total Assets	3.21B	3.33B	3.24B	3.16B	3.42B	3.14B
Cash, Cash Equivalents and Short-Term Investments	259.00M	370.30M	597.04M	687.68M	643.76M	501.99M
Total Debt	1.28B	1.25B	1.30B	1.24B	1.53B	1.62B
Total Liabilities	1.98B	2.03B	2.07B	2.02B	2.46B	2.38B
Stockholders Equity	1.22B	1.29B	1.17B	1.14B	955.29M	750.58M
Cash Flow
Free Cash Flow	219.74M	222.98M	202.91M	176.20M	177.42M	83.15M
Operating Cash Flow	356.80M	352.08M	319.64M	281.30M	272.06M	173.36M
Investing Cash Flow	-426.74M	-426.75M	-200.36M	168.41M	-92.00M	-31.64M
Financing Cash Flow	-175.57M	-143.72M	-211.93M	-393.21M	-32.93M	-74.91M

Belden Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 123.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 123.58 is above the 20-day moving average (MA) of 115.09, above the 50-day MA of 110.94, and above the 200-day MA of 112.24, indicating a bullish trend. The MACD of 3.56 indicates Negative momentum. The RSI at 72.65 is Negative, neither overbought nor oversold. The STOCH value of 87.07 is Negative, 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	79 Outperform	$1.31B	31.23	7.30%	―	-4.47%	195.28%
BDC	76 Outperform	$4.82B	23.86	17.92%	0.16%	5.99%	1.71%
Sector *	67 Neutral	€2.91B	14.48	3.57%	2.76%	6.71%	-64.23%
EXTR	65 Neutral	$2.44B	―	-78.83%	―	-11.00%	-792.47%
PI	64 Neutral	$3.40B	58.72	-0.78%	―	21.80%	89.21%
LITE	64 Neutral	$6.28B	―	-42.79%	―	3.58%	-22.74%
VIAV	61 Neutral	$2.31B	494.76	0.71%	―	3.34%	―

Belden Corporate Events

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.

The most recent analyst rating on (BDC) stock is a Buy with a $139.00 price target. To see the full list of analyst forecasts on Belden stock, see the BDC Stock Forecast page.