Item 1. Business Belden Inc. (the Company, us, we, or our) is a leading global supplier of complete connection solutions that unlock untold possibilities for our customers, their customers and the world. We advance ideas and technologies that enable a safer, smarter and more prosperous future. Throughout our 120-plus year history we have evolved as a company, but making connections remains our purpose. Our business is organized around two global businesses, Smart Infrastructure Solutions and Automation Solutions, both of which benefit from favorable secular trends which we expect to drive future growth. Each business represents a reportable segment. Financial information about our segments appears in Note 5 to the Consolidated Financial Statements. We sell our products to distributors, end-users, installers, and directly to original equipment manufacturers (OEMs). Belden Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.7B | 2.5B | 2.5B | 2.6B | 2.3B |
| Net Income | 238M | 238M | 198M | 243M | 255M | 64M |
| EPS | $5.91 | $5.91 | $4.80 | $5.66 | $5.72 | $1.41 |
| Free Cash Flow | 219M | 219M | 223M | 203M | 176M | 181M |
| ROIC | 13.0% | 13.3% | 12.1% | 15.9% | 18.1% | 12.9% |
| Gross Margin | 38.0% | 38.0% | 37.5% | 38.0% | 35.2% | 33.5% |
| Debt/Equity | 1.02 | 1.02 | 0.87 | 1.03 | 1.02 | 1.53 |
| Dividends/Share | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 |
| Operating Income | 316M | 316M | 266M | 318M | 363M | 264M |
| Operating Margin | 11.6% | 11.6% | 10.8% | 12.6% | 13.9% | 11.5% |
| ROE | 18.8% | 18.6% | 16.1% | 21.0% | 24.3% | 7.5% |
| Shares Outstanding | 40M | 40M | 41M | 43M | 45M | 45M |
BELDEN INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
BELDEN INC. trades at 22.0x trailing earnings, compared to its 15-year median P/E of 21.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 23.1x vs a median of 16.9x. The company's 5-year average ROIC is 14.5% with a gross margin of 36.4%. Total shareholder yield (dividends) is 0.2%. At current prices, the estimated annualized return to fair value is +10.8%.
BELDEN INC. (BDC) has a current P/E ratio of 22.0, compared to its historical median P/E of 21.8. The stock is currently considered Fair based on its historical valuation range.
BELDEN INC. (BDC) has a 5-year average return on invested capital (ROIC) of 14.5%. This indicates solid capital allocation.
BELDEN INC. (BDC) has a market capitalization of $5.2B. It is classified as a mid-cap stock.
Yes, BELDEN INC. (BDC) pays a dividend with a trailing twelve-month yield of 0.15%.
Based on historical P/E analysis, BELDEN INC. (BDC) appears fair. The current P/E of 22.0 is 1% above its historical median of 21.8. The estimated fair value CAGR (P/E method) is 26.1%.
BELDEN INC. (BDC) operates in the Drawing & Insulating Of Nonferrous Wire industry, within the Materials sector.
BELDEN INC. (BDC) reported annual revenue of $2.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
BELDEN INC. (BDC) has a net profit margin of 8.7%. This is a modest margin.
BELDEN INC. (BDC) generated $219 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BELDEN INC. (BDC) has a debt-to-equity ratio of 1.02. This indicates moderate leverage.
BELDEN INC. (BDC) reported earnings per share (EPS) of $5.91 in its most recent fiscal year.
BELDEN INC. (BDC) has a return on equity (ROE) of 18.6%. This indicates the company generates strong returns for shareholders.
BELDEN INC. (BDC) has a 5-year average gross margin of 36.4%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for BELDEN INC. (BDC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BELDEN INC. (BDC) has a book value per share of $31.46, based on its most recent annual SEC filing.