Added to YB: 2024-04-26
Pitch date: 2024-04-25
BDC [bullish]
Belden Inc.
+74.2%
current return
Author Info
Company Info
Belden Inc. provides connection solutions to bring data infrastructure into alignment to unlock new possibilities for its customers.
Market Cap
$5.9B
Pitch Price
$83.02
Price Target
114.00 (-21%)
Dividend
0.13%
EV/EBITDA
14.37
P/E
25.32
EV/Sales
2.53
Sector
Electronic Equipment, Instruments and Components
Category
N/A
Belden Inc. - $BDC
BDC: Belden makes cables & network solutions. Struggled w/ growth: 2% 10yr CAGR. Cyclical demand, copper prices impact revs. New mgmt focused on custom 'solutions' vs commodity products to expand 13% EBIT margin. My PT $114 (16x $7.15 norm EPS) vs $87 today. Risks: Customer concentration, M&A track record, guidance disappointment.
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