image
Technology - Communication Equipment - NYSE - US
$ 100.095
-0.788 %
$ 4.03 B
Market Cap
20.85
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Mar, 31, 2025.

The intrinsic value of one BDC stock under the worst case scenario is HIDDEN Compared to the current market price of 100 USD, Belden Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 31, 2025.

The intrinsic value of one BDC stock under the base case scenario is HIDDEN Compared to the current market price of 100 USD, Belden Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 31, 2025.

The intrinsic value of one BDC stock under the best case scenario is HIDDEN Compared to the current market price of 100 USD, Belden Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BDC

image
$135.0$135.0$130.0$130.0$125.0$125.0$120.0$120.0$115.0$115.0$110.0$110.0$105.0$105.0$100.0$100.0$95.0$95.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 Mar
FINANCIALS
2.46 B REVENUE
-2.03%
266 M OPERATING INCOME
-16.08%
198 M NET INCOME
-18.27%
352 M OPERATING CASH FLOW
10.15%
-427 M INVESTING CASH FLOW
-113.00%
-144 M FINANCING CASH FLOW
32.19%
666 M REVENUE
1.70%
69.2 M OPERATING INCOME
-8.19%
58.4 M NET INCOME
-60.81%
175 M OPERATING CASH FLOW
90.58%
-60.5 M INVESTING CASH FLOW
81.12%
-58.9 M FINANCING CASH FLOW
-238.17%
Balance Sheet Belden Inc.
image
Current Assets 1.2 B
Cash & Short-Term Investments 370 M
Receivables 410 M
Other Current Assets 416 M
Non-Current Assets 2.13 B
Long-Term Investments 0
PP&E 614 M
Other Non-Current Assets 1.52 B
11.13 %12.31 %12.51 %18.46 %45.60 %Total Assets$3.3b
Current Liabilities 623 M
Accounts Payable 316 M
Short-Term Debt 0
Other Current Liabilities 307 M
Non-Current Liabilities 1.35 B
Long-Term Debt 1.23 B
Other Non-Current Liabilities 117 M
16.03 %15.58 %62.45 %5.94 %Total Liabilities$2.0b
EFFICIENCY
Earnings Waterfall Belden Inc.
image
Revenue 2.46 B
Cost Of Revenue 1.54 B
Gross Profit 922 M
Operating Expenses 656 M
Operating Income 266 M
Other Expenses 68 M
Net Income 198 M
3b3b2b2b2b2b1b1b500m500m002b(2b)922m(656m)266m(68m)198mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
37.47% GROSS MARGIN
37.47%
10.83% OPERATING MARGIN
10.83%
8.06% NET MARGIN
8.06%
15.33% ROE
15.33%
6.08% ROA
6.08%
8.57% ROIC
8.57%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Belden Inc.
image
300m300m250m250m200m200m150m150m100m100m50m50m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 198 M
Depreciation & Amortization 116 M
Capital Expenditures -129 M
Stock-Based Compensation 27.5 M
Change in Working Capital 26.3 M
Others 4.89 M
Free Cash Flow 223 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Belden Inc.
image
Wall Street analysts predict an average 1-year price target for BDC of $126 , with forecasts ranging from a low of $115 to a high of $155 .
BDC Lowest Price Target Wall Street Target
115 USD 14.89%
BDC Average Price Target Wall Street Target
126 USD 25.88%
BDC Highest Price Target Wall Street Target
155 USD 54.85%
Price
Max Price Target
Min Price Target
Average Price Target
16016015015014014013013012012011011010010090908080May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26
4. DIVIDEND ANALYSIS
0.04% DIVIDEND YIELD
0.05 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.250.250.200.200.150.150.100.100.050.050.000.000.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.050.200.050.200.050.200.050.200.050.200.050.200.050.200.050.200.050.200.050.200.052015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
Download SVG
Download PNG
Download CSV
5. COMPETITION
slide 2 of 16
6. Ownership
Insider Ownership Belden Inc.
image
Sold
0-3 MONTHS
3.35 M USD 5
3-6 MONTHS
542 K USD 1
6-9 MONTHS
1.77 M USD 3
9-12 MONTHS
912 K USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Risk-Off Mode In The BDC Market: 1 Overrated And 1 Underrated Pick BDCs are meant to provide high-dividends, while preserving NAV. However, given the signs both in the stock market and in the real economy on the ground, BDC investors have to be extra careful. Currently, BDCs face several headwinds, which increase the risk of dividend cuts and price declines, especially within the more speculative and high-multiple segments. seekingalpha.com - 1 week ago
BDC Weekly Review: Underperformers Remain Expensive We take a look at the action in business development companies through the second week of March and highlight some of the key themes we are watching. BDCs enjoyed a sharp rally late in the week, but still ended down 2.5%. FSK and MFIC once again delivered below-average results, trading at decent discounts but not enough to justify allocation. seekingalpha.com - 1 week ago
Investcorp Credit Management BDC, Inc. Schedules Earnings Release for Second Quarter and Fiscal Period Ended December 31, 2024 NEW YORK--(BUSINESS WIRE)--Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) (“ICMB” or “Company”) today announced that it will release its financial results for the second quarter and fiscal period ended December 31, 2024 on Tuesday, March 25, 2025, after the close of the financial markets. The Company will host an earnings conference call at 10:00 am (Eastern Time) on Wednesday, March 26, 2025 to review its financial results and conduct a question-and-answer session. All interested parties. businesswire.com - 1 week ago
Dividend Cut Alert: 1 BDC And 1 REIT With Likely Lower Dividends In 2025 The current market environment suggests a potential recession, leading investors to favor durable and income-producing assets. BDCs and REITs are likely to be among the key beneficiaries here. However, with REITs and especially BDCs investors have to be careful in order to avoid falling in a value trap. seekingalpha.com - 2 weeks ago
Goldman Sachs BDC: Dividend Alignment, But Still A Buy Goldman Sachs BDC cut its base dividend by 29% due to high non-accruals and decreased net investment income, impacting income-dependent investors. Despite the dividend cut, GSBD remains attractive due to its discount to NAV and potential for performance improvement. GSBD's portfolio is highly collateralized with 97% First Lien investments, but higher non-accruals pose risks to net asset value and income. seekingalpha.com - 2 weeks ago
CHICAGO ATL BDC (LIEN) Surges 5.4%: Is This an Indication of Further Gains? CHICAGO ATL BDC (LIEN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com - 2 weeks ago
1 BDC And 1 MLP For 9% Non-Cyclical Retirement Income The recent events in the market have made risk mitigation a relevant topic once again. This is especially important for investors, who want to maximize yield, while keeping the risks balanced (and income cut distant). In this article I have shared two picks, which offer close to 9% yields and the necessary fundamentals to deliver non-cyclical (de-risked) distributions. seekingalpha.com - 2 weeks ago
BDC Weekly Review: A Mystery On The Horizon We take a look at the action in business development companies through the first week of March and highlight some of the key themes we are watching. BDCs had a tough week despite a strong finish on the back of increased market volatility and worsening risk sentiment. Horizon Tech Finance delivered a negative 3.5% total NAV return in Q4, continuing its trend of underperformance, yet it trades at a premium. seekingalpha.com - 2 weeks ago
Chicago Atlantic BDC, Inc. Declares $0.34 Cash Dividend for First Quarter 2025 NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic BDC, Inc. (the “Company”) (NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced that the Company's board of directors has declared a cash dividend of $0.34 per share for the quarter ending March 31, 2025. globenewswire.com - 3 weeks ago
Chicago Atlantic BDC, Inc. Announces Fourth Quarter 2024 Financial Results Conference Call NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Chicago Atlantic BDC, Inc. (the “Company”) (NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced details for the release of its financial results for the fourth quarter and year ended December 31, 2024. globenewswire.com - 3 weeks ago
Kayne Anderson BDC: Still A Hold, But Discount And Fundamentals Are Attractive For Income-Focused Investors Kayne Anderson BDC, despite a short track record, shows strong fundamentals with high first-lien loan exposure and diversified borrower portfolio, making it a defensive investment. Latest earnings report shows a slight decline in net investment income and top line, but dividend coverage remains strong at 120%, outperforming peers. Economic uncertainty and lower base rates limit upside potential for BDCs, prompting a hold rating for Kayne Anderson BDC and others in the sector. seekingalpha.com - 3 weeks ago
Golub Capital BDC's NAV, Valuation And Dividend Vs. 11 Peers - Part 1 (Includes Recommendations As Of 3/11/2025) Part 1 of this article compares GBDC's recent quarterly change in NAV, quarterly and trailing 12-month economic return, NII, and current valuation to 11 BDC peers. Part 1 also performs a comparative analysis between each company's investment portfolio as of 9/30/2024 and 12/31/2024. This includes an updated percentage of investments on non-accrual status. I also provide a list of the other BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), and appropriately valued (a hold recommendation). seekingalpha.com - 3 weeks ago
8. Profile Summary

Belden Inc. BDC

image
COUNTRY US
INDUSTRY Communication Equipment
MARKET CAP $ 4.03 B
Dividend Yield 0.04%
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.
Contact 1 North Brentwood Boulevard, Saint Louis, MO, 63105 https://www.belden.com
IPO Date Nov. 24, 1993
Employees 7500
Officers Mr. Hiran Bhadra Senior Vice President of Strategy & Technology Dr. Ashish Chand President, Chief Executive Officer & Director Mr. Brian Edward Anderson J.D. Senior Vice President of Legal, General Counsel & Corporate Secretary Mr. Douglas R. Zink Vice President & Chief Accounting Officer Mr. Brian Lieser Executive Vice President of Automation Solutions Mr. Jay Wirts Executive Vice President of Smart Infrastructure Solutions Mr. Jeremy E. Parks Senior Vice President of Finance & Chief Financial Officer Ms. Leah Tate Senior Vice President of Human Resources Mr. Aaron Reddington C.F.A. Vice President of Investor Relations