BDC Stock Analysis: Belden | NYSE
Communication Equipment | NYSE, USA | Market Cap: 4.655m USD | 12M Return: -0.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 69.7M
EPS Trend: 42.2%
Qual. Beats: 2
Rev. Trend: 42.8%
Qual. Beats: 4
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: under 40 is mostly noise, over 50 gets interesting, and over 70 is strong.
Belden Inc. (NYSE: BDC) is a U.S.-based manufacturer of connectivity and network infrastructure products, headquartered in Saint Louis, Missouri, and founded in 1902. Its offerings include copper and fiber cables, interconnect panels, racks and enclosures, signal extension systems, and data center power and cooling products. The company sells through distributors, installers, end-users, and OEMs, serving markets such as data centers, broadband and wireless providers, industrial automation, energy, mass transit, government, healthcare, and commercial real estate across the Americas, EMEA, and Asia-Pacific.
Classified within the Information Technology sector (Electronic Components sub-industry), Belden operates as a B2B industrial supplier where revenue is largely tied to capital spending cycles in telecommunications, data center buildouts, and factory automation. Its diversified exposure across enterprise networking, 5G/FTTH deployment, and industrial digitization positions it across both IT and operational technology (OT) infrastructure spending.
- Data center infrastructure demand accelerates with AI buildout
- Industrial automation orders soften amid European manufacturing weakness
- Broadband and fiber-to-the-home deployments drive connectivity segment growth
| Net Income: 236.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.64 > 1.0 |
| NWC/Revenue: 23.91% < 20% (prev 21.34%; Δ 2.56% < -1%) |
| CFO/TA 0.10 > 3% & CFO 328.8m > Net Income 236.6m |
| Net Debt (1.17b) to EBITDA (449.5m): 2.60 < 3 |
| Current Ratio: 2.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.4m) vs 12m ago -3.55% < -2% |
| Gross Margin: 35.75% > 18% (prev 37.90%; Δ -2.14% > 0.5%) |
| Asset Turnover: 83.62% > 50% (prev 79.54%; Δ 4.07% > 0%) |
| Interest Coverage Ratio: 6.37 > 6 (EBIT TTM 317.3m / Interest Expense TTM 49.8m) |
| A: 0.19 (Total Current Assets 1.28b - Total Current Liabilities 613.6m) / Total Assets 3.46b |
| B: 0.42 (Retained Earnings 1.45b / Total Assets 3.46b) |
| C: 0.10 (EBIT TTM 317.3m / Avg Total Assets 3.33b) |
| D: 0.59 (Book Value of Equity 1.28b / Total Liabilities 2.18b) |
| Altman-Z'' = 3.89 = AA |
| DSRI: 1.09 (Receivables 499.1m/420.0m, Revenue 2.79b/2.55b) |
| GMI: 1.06 (GM 37.90% / 35.75%) |
| AQI: 0.96 (AQ_t 0.43 / AQ_t-1 0.45) |
| SGI: 1.09 (Revenue 2.79b / 2.55b) |
| TATA: -0.03 (NI 236.6m - CFO 328.8m) / TA 3.46b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of July 02, 2026, the stock is trading at USD 119.91 with a total of 334,252 shares traded. Over the past week, the price has changed by -1.38%, over one month by +13.23%, over three months by +0.26% and over the past year by -0.69%.
Current recommended Stop Loss: 109.60 (which is 8.6% or 2 ATR below the current price).
Belden has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy BDC.
- StrongBuy: 4
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 152 | 26.8% |
P/E Trailing = 20.1212
P/E Forward = 14.881
P/S = 1.6703
P/B = 3.6825
P/EG = 0.9926
Revenue TTM = 2.79b USD
EBIT TTM = 317.3m USD
EBITDA TTM = 449.5m USD
Long Term Debt = 1.26b USD (from longTermDebt, last quarter)
Short Term Debt = 22.1m USD (from shortTermDebt, two quarters ago)
Debt = 1.44b USD (from shortLongTermDebtTotal, last quarter) + Leases 89.9m
Net Debt = 1.17b USD (calculated: Debt 1.44b - CCE 272.2m)
Enterprise Value = 5.82b USD (4.65b + Debt 1.44b - CCE 272.2m)
Interest Coverage Ratio = 6.37 (Ebit TTM 317.3m / Interest Expense TTM 49.8m)
EV/FCF = 32.28x (Enterprise Value 5.82b / FCF TTM 180.4m)
FCF Yield = 3.10% (FCF TTM 180.4m / Enterprise Value 5.82b)
FCF Margin = 6.47% (FCF TTM 180.4m / Revenue TTM 2.79b)
Net Margin = 8.49% (Net Income TTM 236.6m / Revenue TTM 2.79b)
Gross Margin = 35.75% ((Revenue TTM 2.79b - Cost of Revenue TTM 1.79b) / Revenue TTM)
Gross Margin QoQ = 36.00% (prev 34.86%)
Tobins Q-Ratio = 1.68 (Enterprise Value 5.82b / Total Assets 3.46b)
Interest Expense / Debt = 3.46% (Interest Expense 49.8m / Debt 1.44b)
Taxrate = 11.57% (30.9m / 267.6m)
NOPAT = 280.6m (EBIT 317.3m * (1 - 11.57%))
Current Ratio = 2.09 (Total Current Assets 1.28b / Total Current Liabilities 613.6m)
Debt / Equity = 1.12 (Debt 1.44b / totalStockholderEquity, last quarter 1.28b)
Debt / EBITDA = 2.60 (Net Debt 1.17b / EBITDA 449.5m)
Debt / FCF = 6.47 (Net Debt 1.17b / FCF TTM 180.4m)
Total Stockholder Equity = 1.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.10% (Net Income 236.6m / Total Assets 3.46b)
RoE = 18.84% (Net Income TTM 236.6m / Total Stockholder Equity 1.26b)
RoCE = 12.61% (EBIT 317.3m / Capital Employed (Equity 1.26b + L.T.Debt 1.26b))
RoIC = 10.37% (NOPAT 280.6m / Invested Capital 2.71b)
WACC = 8.96% (E(4.65b)/V(6.09b) * Re(10.78%) + D(1.44b)/V(6.09b) * Rd(3.46%) * (1-Tc(0.12)))
Discount Rate = 10.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -85.40 | Cagr: -2.28%
[DCF] Terminal Value 70.86% ; FCFF base≈196.1m ; Y1≈172.0m ; Y5≈139.0m
[DCF] Fair Price = 22.09 (EV 2.03b - Net Debt 1.17b = Equity 860.1m / Shares 38.9m; r=8.96% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 42.17 | EPS CAGR: 4.15% | SUE: 1.31 | # QB: 2
Revenue Correlation: 42.80 | Revenue CAGR: 2.95% | SUE: 1.43 | # QB: 4
EPS current Quarter (2026-09-30): EPS=2.09 | Chg30d=-0.54% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=8.05 | Chg30d=-0.20% | Revisions=+0% | GrowthEPS=+6.7% | GrowthRev=+9.4%
EPS next Year (2027-12-31): EPS=8.87 | Chg30d=-0.26% | Revisions=+20% | GrowthEPS=+10.2% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +20%