Added to YB: 2024-04-26
Pitch date: 2024-04-25
BDC [bullish]
Belden Inc.
+39.14%
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
$4.6B
Pitch Price
$82.95
Price Target
114.00 (-1%)
Dividend
0.17%
EV/EBITDA
11.96
P/E
19.92
EV/Sales
2.05
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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