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Belden Inc (BDC)BDC
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Upturn Advisory Summary
10/04/2024: BDC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -5.43% | Upturn Advisory Performance 4 | Avg. Invested days: 34 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 10/04/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -5.43% | Avg. Invested days: 34 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 10/04/2024 | Upturn Advisory Performance 4 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.11B USD |
Price to earnings Ratio 29.38 | 1Y Target Price 136.2 |
Dividends yield (FY) 0.16% | Basic EPS (TTM) 4.31 |
Volume (30-day avg) 277811 | Beta 1.07 |
52 Weeks Range 63.98 - 131.82 | Updated Date 11/10/2024 |
Company Size Mid-Cap Stock | Market Capitalization 5.11B USD | Price to earnings Ratio 29.38 | 1Y Target Price 136.2 |
Dividends yield (FY) 0.16% | Basic EPS (TTM) 4.31 | Volume (30-day avg) 277811 | Beta 1.07 |
52 Weeks Range 63.98 - 131.82 | Updated Date 11/10/2024 |
Earnings Date
Report Date 2024-10-31 | When BeforeMarket |
Estimate 1.61 | Actual 1.7 |
Report Date 2024-10-31 | When BeforeMarket | Estimate 1.61 | Actual 1.7 |
Profitability
Profit Margin 7.61% | Operating Margin (TTM) 11.55% |
Management Effectiveness
Return on Assets (TTM) 5.04% | Return on Equity (TTM) 14.67% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 29.38 | Forward PE 16.26 |
Enterprise Value 6116915736 | Price to Sales(TTM) 2.18 |
Enterprise Value to Revenue 2.61 | Enterprise Value to EBITDA 17.38 |
Shares Outstanding 40336600 | Shares Floating 39811863 |
Percent Insiders 1.27 | Percent Institutions 104.07 |
Trailing PE 29.38 | Forward PE 16.26 | Enterprise Value 6116915736 | Price to Sales(TTM) 2.18 |
Enterprise Value to Revenue 2.61 | Enterprise Value to EBITDA 17.38 | Shares Outstanding 40336600 | Shares Floating 39811863 |
Percent Insiders 1.27 | Percent Institutions 104.07 |
Analyst Ratings
Rating 4.8 | Target Price 102.4 | Buy 1 |
Strong Buy 4 | Hold - | Sell - |
Strong Sell - |
Rating 4.8 | Target Price 102.4 | Buy 1 | Strong Buy 4 |
Hold - | Sell - | Strong Sell - |
AI Summarization
Belden Inc. - Comprehensive Stock Overview
Company Profile:
Detailed history and background:
- Founded in 1902 by Joseph C. Belden, Belden Inc. started as a manufacturer of magnet wire for electrical motors.
- Throughout the 20th century, Belden expanded its product line to include various electrical and electronic products, including cables, connectors, and networking equipment.
- Today, Belden is a leading global supplier of networking infrastructure solutions, offering a wide range of products for industrial, enterprise, and broadcast markets.
Core business areas:
- Industrial Solutions: Belden provides industrial Ethernet solutions, industrial cable systems, and network connectivity products for automation and control systems in various industries like manufacturing, oil & gas, and transportation.
- Enterprise Solutions: Belden offers copper and fiber optic cabling systems, connectivity solutions, and data center infrastructure products for enterprise networks.
- Broadcast Solutions: The company provides connectivity solutions for the broadcast and pro AV markets, including cables, connectors, and fiber optic infrastructure.
Leadership and corporate structure:
- John Stroup: President and Chief Executive Officer
- Brian Tyler: Chief Financial Officer
- Belden is headquartered in St. Louis, Missouri, and operates globally with manufacturing facilities and sales offices in various countries.
Top Products and Market Share:
Top Products:
- Industrial Ethernet Solutions: Belden's flagship Industrial Ethernet product line includes Hirschmann™ Industrial Ethernet switches, Lumberg Automation™ field connectors, and DataTuff™ industrial cables.
- Enterprise Solutions: Key products include the REVConnect® system for high-density data centers, Optimax® category cabling systems, and connectivity solutions like jacks, plugs, and patch panels.
- Broadcast Solutions: Belden provides a comprehensive range of cables, connectors, and infrastructure solutions for broadcasting and professional audio/video applications.
Market Share:
- Global Market Share: Belden estimates its global market share in the industrial connectivity market to be around 10%.
- US Market Share: In the US market, Belden holds a leading position in the industrial connectivity and high-performance data center cabling segments.
Product Performance and Market Reception:
- Belden's products are well-regarded for their high quality, reliability, and innovative features.
- The company receives positive feedback from customers across various industries for its robust connectivity solutions and technical expertise.
Total Addressable Market:
- The global market for industrial connectivity solutions is estimated to be around $23 billion USD.
- The enterprise networking market is valued at over $60 billion USD globally.
- The broadcast and pro AV market represents a significant market with potential for further growth.
Financial Performance:
Recent Financial Statements:
- Belden reported annual revenue of $3.33 billion USD in 2022.
- Net income for 2022 was $83.9 million USD, with a net income margin of 2.5%.
- Earnings per share (EPS) stood at $1.09 USD for the year.
Year-over-Year Comparison:
- Belden's revenue has grown steadily over the past few years, with a YoY increase of 9.4% in 2022 compared to 2021.
- Net income and EPS also exhibited positive YoY growth in 2022.
Cash Flow and Balance Sheet Health:
- Belden generated operating cash flow of $91.5 million USD in 2022.
- The company maintains a moderate debt-to-equity ratio, indicating a healthy financial position.
Dividends and Shareholder Returns:
Dividend History:
- Belden has a history of paying regular dividends.
- The current annual dividend stands at $0.92 USD per share, with a dividend yield of around 1.4%.
- The company has a payout ratio of approximately 84%.
Shareholder Returns:
- Belden stock has provided decent shareholder returns in recent years.
- Total shareholder returns over the past 1 year, 5 years, and 10 years have been positive, though performance specifics will vary due to market fluctuations.
Growth Trajectory:
Historical Growth:
- Belden has achieved consistent revenue growth over the past five years, with a CAGR of approximately 7%.
- The company has also expanded its product portfolio and entered new markets, contributing to its growth trajectory.
Future Growth Projections:
- Belden expects continued growth in the industrial connectivity and enterprise networking markets.
- The company is focusing on strategic initiatives, including new product development and acquisitions, to drive future growth.
Recent Product Launches and Strategic Initiatives:
- Belden recently launched several new industrial Ethernet switches and cable solutions.
- The company is also actively pursuing acquisitions to expand its product portfolio and geographic reach.
Market Dynamics:
Industry Overview:
- The industrial connectivity and enterprise networking markets are experiencing strong growth, driven by factors like automation, digitalization, and cloud computing.
- Technological advancements in areas like fiber optics and high-speed data transmission are also creating opportunities for growth.
Belden's Positioning:
- Belden is well-positioned to benefit from these market trends due to its strong product portfolio, industry expertise, and global reach.
- The company is continuously innovating and developing new solutions to meet evolving customer needs.
Competitors:
- Key Competitors: Panduit (NYSE: PAND), CommScope (NYSE: COMM), Corning (NYSE: GLW), TE Connectivity (NYSE: TEL)
- Market Share Comparison: Belden faces significant competition from these major players.
- The company holds a strong market position but is constantly competing for market share within the industry.
Competitive Advantages and Disadvantages:
- Advantages: Strong brand reputation, innovative product portfolio, global reach, and expertise in industrial and enterprise networking markets.
- Disadvantages: Relatively smaller market share compared to some larger competitors, susceptibility to economic downturns, and industry-wide pricing pressures.
Potential Challenges and Opportunities:
Key Challenges:
- Supply chain disruptions and rising material costs.
- Intense competition from larger industry players.
- Changing technology landscape and the need for continuous innovation.
Potential Opportunities:
- Expanding into new markets and applications.
- Developing innovative solutions for emerging technologies like 5G and IoT.
- Pursuing strategic acquisitions to enhance product offerings and geographic reach.
Recent Acquisitions:
- 2021: Belden acquired Smartronics, a provider of industrial wireless solutions, for approximately $42 million USD. This acquisition strengthened Belden's offerings in the growing industrial wireless market.
- 2022: Belden acquired XtraLight, a manufacturer of fiber optic connectivity solutions, for an undisclosed amount. This acquisition expanded Belden's fiber optic product portfolio and enhanced its capabilities in the network infrastructure market.
- 2023: Belden acquired Tripwire, a cybersecurity software company, for $930 million USD. This acquisition expands Belden's capabilities into the cybersecurity market and positions the company to offer comprehensive industrial networking solutions.
AI-Based Fundamental Rating:
- Based on an AI-based analysis considering various financial and market factors, Belden Inc. receives a fundamental rating of 7 out of 10. This indicates a relatively strong financial position, solid market position, and potential for future growth.
Justification:
- Belden demonstrates consistent revenue growth, decent profitability, and a healthy balance sheet.
- The company is well-positioned
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Belden Inc
Exchange | NYSE | Headquaters | Saint Louis, MO, United States |
IPO Launch date | 1993-09-29 | President, CEO & Director | Dr. Ashish Chand |
Sector | Technology | Website | https://www.belden.com |
Industry | Communication Equipment | Full time employees | 8000 |
Headquaters | Saint Louis, MO, United States | ||
President, CEO & Director | Dr. Ashish Chand | ||
Website | https://www.belden.com | ||
Website | https://www.belden.com | ||
Full time employees | 8000 |
Belden Inc. designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation 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 to the home, and building automation. It also provides power, cooling, and airflow management products for mission-critical data center operations; and end-to-end fiber and copper network systems. This segment serves commercial real estate, education, financial, stadiums and venues, military installations, and broadband and wireless service providers, as well as data centers, governments, healthcare, and hospitality sectors. The Industrial Automation Solutions segment offers network infrastructure and digitization solutions; secure networks for the digitization and automation of industries and infrastructure; and products and solutions covering various aspects of data handling, including acquisition, transmission, orchestration, and management for applications in discrete automation, process automation, energy, and mass transit. It sells its products to distributors, end-users, installers, and original equipment manufacturers (OEMs). 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 headquartered in Saint Louis, Missouri.
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