Belden Piotroski F Score

Stocks . USA . 
Stock . Belden Inc
BDC Stock  USD 84.28  0.57  0.68%   
This module uses fundamental data of Belden to approximate its Piotroski F score. Belden F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Belden Inc. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Belden financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Belden Altman Z Score, Belden Correlation, Belden Valuation, as well as analyze Belden Alpha and Beta and Belden Hype Analysis. For information on how to trade Belden Stock refer to our How to Trade Belden Stock guide.
  
Belden Debt Current is projected to decrease significantly based on the last few years of reporting. The past year's Debt Current was at 2.25 Million. The current year Debt Non Current is expected to grow to about 1.5 B, whereas Issuance Repayment of Debt Securities is forecasted to decline to (236.9 M). Belden Long Term Debt to Equity is projected to increase slightly based on the last few years of reporting. The past year's Long Term Debt to Equity was at 1.02. The current year Receivables Turnover is expected to grow to 6.76, whereas Calculated Tax Rate is forecasted to decline to 12.40.
At this time, it appears that Belden's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

Belden Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Belden is to make sure Belden is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Belden's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Belden's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted41.9 M44.5 M
Notably Down
Down
Slightly volatile
Weighted Average Shares48.1 M43.8 M
Significantly Up
Up
Very volatile
Return on Average Assets0.09060.084
Significantly Up
Down
Slightly volatile
Net Cash Flow from Operations285.4 M281.3 M
Fairly Up
Up
Slightly volatile
Current Liabilities680.4 M639.9 M
Notably Up
Up
Slightly volatile
Total Liabilities2.4 B2 B
Fairly Up
Up
Slightly volatile
Gross Margin0.40.352
Fairly Up
Up
Slightly volatile
Total Debt1.3 B1.2 B
Sufficiently Up
Up
Pretty Stable
Asset Turnover0.740.858
Fairly Down
Down
Slightly volatile
Current Assets1.6 B1.5 B
Fairly Up
Up
Slightly volatile
Total Assets3.6 B3.2 B
Moderately Up
Up
Slightly volatile

Belden Inc F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Belden's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Belden in a much-optimized way.
Click cells to compare fundamentals

About Belden Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

48.09 Million

Belden Weighted Average Shares is projected to increase significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 43.84 Million

Belden Current Valuation Drivers

We derive many important indicators used in calculating different scores of Belden from analyzing Belden's financial statements. These drivers represent accounts that assess Belden's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Belden's important valuation drivers and their relationship over time.
201820192020202120222023 (projected)
Net Income Per Employee17.12 K(52.36 K)(8.6 K)31.83 K36.61 K39.5 K
Revenue Per Employee275.04 K296.01 K290.25 K325.81 K293.23 K268.94 K
Average Assets3.73 B3.61 B3.13 B3.29 B3.04 B3.46 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA433.3 M(139.42 M)132.53 M242.54 M436.6 M471.07 M
Earnings Before Interest Taxes and Depreciation Amortization USD433.3 M(139.42 M)132.53 M242.54 M436.6 M471.07 M
Earnings before Tax223.83 M(334.5 M)(35.06 M)91.86 M304.31 M328.33 M
Average Equity1.35 B1.24 B828.53 M900.41 M1.07 B1.15 B
Enterprise Value2.86 B3.68 B3.03 B4.03 B3.63 B4.03 B
Free Cash Flow191.37 M166.89 M83.15 M181.07 M176.2 M188.28 M
Invested Capital2.55 B2.19 B2.2 B2.49 B1.95 B2.28 B
Invested Capital Average2.3 B2.29 B2.23 B2.29 B1.96 B2.27 B
Market Capitalization1.68 B2.5 B1.87 B2.95 B3.08 B3.14 B
Tangible Asset Value2.21 B1.82 B1.6 B2.36 B2.05 B2.12 B
Working Capital541.8 M655.21 M577.64 M1.12 B896.29 M885.17 M

About Belden Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Belden Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Belden using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Belden Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Belden Inc. provides portfolio of signal transmission solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company was formerly known as Belden CDT Inc. and changed its name to Belden Inc. in May 2007. Belden operates under Communication Equipment classification in the United States and is traded on New York Stock Exchange.

Belden Investors Sentiment

The influence of Belden's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Belden. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Belden's public news can be used to forecast risks associated with investment in Belden. The trend in average sentiment can be used to explain how an investor holding Belden can time the market purely based on public headlines and social activities around Belden Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Belden's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Belden's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Belden's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Belden.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Belden in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Belden's short interest history, or implied volatility extrapolated from Belden options trading.

Pair Trading with Belden

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Belden position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Belden will appreciate offsetting losses from the drop in the long position's value.

Moving together with Belden

+0.85AAPLApple Inc Fiscal Quarter End 31st of March 2023 PairCorr
+0.61ANETArista Networks Fiscal Quarter End 31st of March 2023 PairCorr

Moving against Belden

-0.43FNFabrinet Fiscal Quarter End 31st of March 2023 PairCorr
The ability to find closely correlated positions to Belden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Belden when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Belden - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Belden Inc to buy it.
The correlation of Belden is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Belden moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Belden Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Belden can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Belden Altman Z Score, Belden Correlation, Belden Valuation, as well as analyze Belden Alpha and Beta and Belden Hype Analysis. For information on how to trade Belden Stock refer to our How to Trade Belden Stock guide. Note that the Belden Inc information on this page should be used as a complementary analysis to other Belden's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Belden Stock analysis

When running Belden Inc price analysis, check to measure Belden's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Belden is operating at the current time. Most of Belden's value examination focuses on studying past and present price action to predict the probability of Belden's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Belden's price. Additionally, you may evaluate how the addition of Belden to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Is Belden's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Belden. If investors know Belden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Belden listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.444
Dividend Share
0.2
Earnings Share
5.99
Revenue Per Share
59.448
Quarterly Revenue Growth
0.077
The market value of Belden Inc is measured differently than its book value, which is the value of Belden that is recorded on the company's balance sheet. Investors also form their own opinion of Belden's value that differs from its market value or its book value, called intrinsic value, which is Belden's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Belden's market value can be influenced by many factors that don't directly affect Belden's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Buy or Sell
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Please note, there is a significant difference between Belden's value and its price as these two are different measures arrived at by different means. Investors typically determine Belden value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Belden's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.


 
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