Belden (BDC) AI Stock Analysis

• Market Cap: $4.55B
• Dividend Yield: 0.18%
• Average Volume (3M): 263.43K
• Price to Earnings (P/E): 20.6
• Beta (1Y): 1.45
• Revenue Growth: 13.42%
• EPS Growth: 31.28%
• Country: US
• Employees: 7,500
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 1.97
• Shares Outstanding: 39,300,210
• 10 Day Avg. Volume: 277,671
• 30 Day Avg. Volume: 263,431
• 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: 1.33
• Enterprise Value/Revenue: 2.28
• Enterprise Value/Gross Profit: 5.97
• Enterprise Value/Ebitda: 14.39
• 1Y Price Target: $147.00
• Price Target Upside: 31.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 7.42
• Revenue Forecast (FY): $2.69B

• Rating: 70 Outperform
• Price Target: $135.00 ▲(20.73% Upside)

Belden's strong earnings performance and strategic advancements are the most significant factors driving the score. Financial performance is solid, though cash flow concerns and valuation metrics suggest caution. Technical indicators are neutral, indicating no strong momentum in either direction.

Positive Factors

Revenue Growth

Belden's consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion.

Strategic Wins

Winning strategic contracts in key sectors enhances Belden's competitive position and supports sustained revenue growth.

Market Position

Belden's ability to achieve organic growth reflects its strong market position and effective execution in meeting customer needs.

Negative Factors

Declining Free Cash Flow

A significant decline in free cash flow growth may limit Belden's ability to invest in growth opportunities and manage financial obligations.

Moderate Leverage

Moderate leverage could pose risks if not managed carefully, potentially impacting financial flexibility and stability.

Challenges in Broadband Segment

Technical challenges in the Broadband segment could hinder growth and operational efficiency, affecting overall performance.

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 demonstrates strong profitability and efficient operations, with a robust income statement. The balance sheet is stable but shows moderate leverage, and cash flow performance is mixed with declining free cash flow growth being a concern.

Income Statement

Belden's income statement shows a strong gross profit margin of 56.72% in TTM, indicating efficient cost management. The net profit margin has improved to 8.57% from previous years, reflecting better profitability. Revenue growth is modest at 1.65% TTM, but it shows recovery from a decline in earlier periods. EBIT and EBITDA margins are stable, suggesting consistent operational performance.

Balance Sheet

The balance sheet reveals a debt-to-equity ratio of 1.11 in TTM, indicating moderate leverage. Return on Equity (ROE) is healthy at 18.26%, showcasing effective use of equity. The equity ratio stands at 36.89%, suggesting a balanced capital structure. However, the company should monitor its debt levels to maintain financial stability.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth by 85.3% TTM, which is a concern. However, the operating cash flow to net income ratio is 0.58, indicating decent cash generation relative to net income. The free cash flow to net income ratio is 0.58, suggesting that the company is generating adequate cash relative to its earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.66B	2.46B	2.51B	2.61B	2.30B	1.75B
Gross Profit	1.02B	922.22M	954.97M	916.29M	771.84M	575.62M
EBITDA	422.20M	381.99M	418.83M	449.69M	377.46M	258.41M
Net Income	228.02M	198.43M	242.76M	254.66M	63.92M	-55.16M
Balance Sheet
Total Assets	3.37B	3.33B	3.24B	3.16B	3.42B	3.14B
Cash, Cash Equivalents and Short-Term Investments	314.26M	370.30M	597.04M	687.68M	643.76M	501.99M
Total Debt	1.38B	1.26B	1.30B	1.24B	1.53B	1.63B
Total Liabilities	2.12B	2.03B	2.07B	2.02B	2.46B	2.38B
Stockholders Equity	1.24B	1.29B	1.17B	1.14B	955.29M	750.58M
Cash Flow
Free Cash Flow	213.82M	222.98M	202.91M	176.20M	177.42M	83.15M
Operating Cash Flow	369.19M	352.08M	319.64M	281.30M	272.06M	173.36M
Investing Cash Flow	-149.63M	-426.75M	-200.36M	168.41M	-92.00M	-31.64M
Financing Cash Flow	-229.28M	-143.72M	-211.93M	-393.21M	-32.93M	-74.91M

Belden Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 111.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDC, the sentiment is Negative. The current price of 111.82 is below the 20-day moving average (MA) of 117.82, below the 50-day MA of 120.52, and below the 200-day MA of 114.19, indicating a bearish trend. The MACD of -1.26 indicates Positive momentum. The RSI at 34.88 is Neutral, neither overbought nor oversold. The STOCH value of 16.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BDC.

Belden Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DGII	76 Outperform	$1.34B	35.65	6.71%	―	1.46%	78.77%
BDC	70 Outperform	$4.55B	20.58	18.41%	0.18%	13.42%	31.28%
VIAV	68 Neutral	$3.98B	257.69	2.13%	―	15.60%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
COMM	61 Neutral	$3.72B	―	―	―	9.86%	99.11%
EXTR	58 Neutral	$2.44B	277.95	17.08%	―	14.31%	―
PI	54 Neutral	$4.61B	―	-7.49%	―	4.24%	-141.83%

Belden Corporate Events

Belden Inc. Achieves Record Third Quarter Results

Belden Inc., a global leader in providing comprehensive connection solutions, operates primarily in the technology and industrial sectors, offering innovative products that enhance connectivity and efficiency.

Belden’s Earnings Call Highlights Record Growth and Challenges

The recent earnings call for Belden highlighted a robust financial performance, marked by record revenue and earnings. The company showcased significant new business wins and solid order growth, painting a positive picture overall. However, the call also acknowledged ongoing policy uncertainties and challenges in specific segments like broadband, which temper the otherwise optimistic outlook.

Belden Inc. Reports Strong Q2 2025 Results

Belden Inc., a prominent global supplier of comprehensive connection solutions, operates primarily in the technology and manufacturing sectors, providing essential infrastructure for secure and reliable network systems.