Belden (BDC) AI Stock Analysis

• Market Cap: $4.88B
• Dividend Yield: 0.16%
• Average Volume (3M): 313.78K
• Price to Earnings (P/E): 22.4
• Beta (1Y): 1.18
• Revenue Growth: 12.93%
• EPS Growth: 17.64%
• Country: US
• Employees: 7,500
• Sector: Technology
• Sector Strength: 95
• Industry: Communication Equipment
• EPS (TTM): 1.89
• Shares Outstanding: 39,496,864
• 10 Day Avg. Volume: 341,550
• 30 Day Avg. Volume: 313,784
• PEG Ratio: 3.00
• Price to Book (P/B): 4.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 22.22
• Enterprise Value/Market Cap: 1.21
• Enterprise Value/Revenue: 0.59
• Enterprise Value/Gross Profit: 5.91
• Enterprise Value/Ebitda: 3.87
• 1Y Price Target: $143.00
• Price Target Upside: 21.57% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 79 Outperform
• Price Target: $142.00 ▲(20.72%Upside)

Belden's overall stock score is driven by its strong financial performance and positive earnings call sentiment. The company's strategic initiatives and new credit agreement provide additional support, although the valuation indicates moderate growth expectations. Technical analysis suggests a stable upward trend, balancing risks and opportunities.

Positive Factors

Financial Performance

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

Order Momentum

Healthy order momentum across the business with overall organic revenue growing 5% and strong order momentum up 8% QoQ and 16% YoY.

Strategic Partnerships

BDC'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.

Tariff Concerns

Stable demand and improving order trends despite increased tariff uncertainty indicate a solid performance for BDC.

Belden Business Overview & Revenue Model

Company Description

Belden Inc. provides portfolio of signal transmission solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber, and home and building automation. It also provides power, cooling, and airflow management products for mission-critical data center operations; and end-to-end copper and fiber network systems. This segment serves commercial real estate, hospitality, healthcare, education, financial, government, and broadband and wireless service providers, as well as end-markets, including sport venues, stadiums, data centers, military installations, and academia. The Industrial Solutions segment offers infrastructure components and on-machine connectivity systems; and industrial Ethernet switches, network management software, routers, firewalls, gateways, input/output (I/O) connectors/systems, industrial Ethernet cables, optical fiber industrial Ethernet cables, Fieldbus cables, IP and networking cables, I/O modules, distribution boxes, and customer specific wiring solutions. This segment provides its products for use in applications comprising network and fieldbus infrastructure; sensor and actuator connectivity; and power, control, and data transmission; and supplies heat-shrinkable tubing and wire management products to protect and organize wire and cable assemblies. It serves distributors, original equipment manufacturers, installers, and end-users. The company was formerly known as Belden CDT Inc. and changed its name to Belden Inc. in May 2007. Belden Inc. was founded in 1902 and is based in St. Louis, Missouri.

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's financial performance is strong, with robust profitability and growth metrics. The income statement shows effective cost management and operational efficiency. Despite a slight decline in free cash flow, overall cash flow metrics indicate strong liquidity.

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	2.62B	2.46B	2.51B	2.61B	2.30B	1.86B
Gross Profit	998.23M	922.22M	954.97M	916.29M	854.36M	663.29M
EBITDA	387.83M	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	3.33B	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	1.37B	1.25B	1.30B	1.24B	1.53B	1.62B
Total Liabilities	2.10B	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: Neutral
• Last Price: 117.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Neutral. The current price of 117.63 is below the 20-day moving average (MA) of 125.32, above the 50-day MA of 116.86, and above the 200-day MA of 113.04, indicating a neutral trend. The MACD of 2.34 indicates Positive momentum. The RSI at 41.01 is Neutral, neither overbought nor oversold. The STOCH value of 15.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BDC.

Belden Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BDC	79 Outperform	$4.88B	22.42	18.34%	0.16%	12.93%	17.64%
DGII	71 Outperform	$1.21B	28.85	7.30%	―	-4.47%	195.28%
PI	69 Neutral	$4.50B	21,469.44	0.42%	―	13.96%	-96.21%
EXTR	65 Neutral	$2.35B	―	-78.83%	―	-11.00%	-792.47%
LITE	65 Neutral	$7.64B	―	-42.79%	―	3.58%	-22.74%
Sector *	61 Neutral	€6.60B	13.16	2.08%	2.07%	2.68%	-31.31%
VIAV	58 Neutral	$2.24B	478.57	0.71%	―	3.34%	―

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.

The most recent analyst rating on (BDC) stock is a Buy with a $136.00 price target. To see the full list of analyst forecasts on Belden stock, see the BDC Stock Forecast page.

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.