Belden Piotroski F Score
BDC Stock  USD 84.28 0.57 0.68% 
Belden  Piotroski F Score 
At this time, it appears that Belden's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski FScore 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 longterm 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 Assets  Positive  Focus 
2  Change in Return on Assets  Increased  Focus 
3  Cash Flow Return on Assets  Positive  Focus 
4  Current Quality of Earnings (accrual)  Decreasing  Focus 
5  Asset Turnover Growth  Decrease  Focus 
6  Current Ratio Change  Decrease  Focus 
7  Long Term Debt Over Assets Change  Higher Leverage  Focus 
8  Change In Outstending Shares  Increase  Focus 
9  Change in Gross Margin  Increase  Focus 
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 Value  Last Year  Change From Last Year  10 Year Trend  

Weighted Average Shares Diluted  41.9 M  44.5 M 

 
Weighted Average Shares  48.1 M  43.8 M 

 
Return on Average Assets  0.0906  0.084 

 
Net Cash Flow from Operations  285.4 M  281.3 M 

 
Current Liabilities  680.4 M  639.9 M 

 
Total Liabilities  2.4 B  2 B 

 
Gross Margin  0.4  0.352 

 
Total Debt  1.3 B  1.2 B 

 
Asset Turnover  0.74  0.858 

 
Current Assets  1.6 B  1.5 B 

 
Total Assets  3.6 B  3.2 B 


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 muchoptimized way.
Click cells to compare fundamentals
About Belden Piotroski F Score
FScore 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 FScore binary model can help to predict the performance of low pricetobook stocks.Weighted Average Shares 

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.
2018  2019  2020  2021  2022  2023 (projected)  
Net Income Per Employee  17.12 K  (52.36 K)  (8.6 K)  31.83 K  36.61 K  39.5 K  
Revenue Per Employee  275.04 K  296.01 K  290.25 K  325.81 K  293.23 K  268.94 K  
Average Assets  3.73 B  3.61 B  3.13 B  3.29 B  3.04 B  3.46 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  433.3 M  (139.42 M)  132.53 M  242.54 M  436.6 M  471.07 M  
Earnings Before Interest Taxes and Depreciation Amortization USD  433.3 M  (139.42 M)  132.53 M  242.54 M  436.6 M  471.07 M  
Earnings before Tax  223.83 M  (334.5 M)  (35.06 M)  91.86 M  304.31 M  328.33 M  
Average Equity  1.35 B  1.24 B  828.53 M  900.41 M  1.07 B  1.15 B  
Enterprise Value  2.86 B  3.68 B  3.03 B  4.03 B  3.63 B  4.03 B  
Free Cash Flow  191.37 M  166.89 M  83.15 M  181.07 M  176.2 M  188.28 M  
Invested Capital  2.55 B  2.19 B  2.2 B  2.49 B  1.95 B  2.28 B  
Invested Capital Average  2.3 B  2.29 B  2.23 B  2.29 B  1.96 B  2.27 B  
Market Capitalization  1.68 B  2.5 B  1.87 B  2.95 B  3.08 B  3.14 B  
Tangible Asset Value  2.21 B  1.82 B  1.6 B  2.36 B  2.05 B  2.12 B  
Working Capital  541.8 M  655.21 M  577.64 M  1.12 B  896.29 M  885.17 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 AsiaPacific. 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 decisionmaking process regarding taking a position in Belden. The overall investor sentiment generally increases the direction of a stock movement in a oneyear 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
+  0.85  AAPL  Apple Inc  Fiscal Quarter End 31st of March 2023  PairCorr  
+  0.61  ANET  Arista Networks  Fiscal Quarter End 31st of March 2023  PairCorr 
Moving against Belden
  0.43  FN  Fabrinet  Fiscal Quarter End 31st of March 2023  PairCorr 
The ability to find closely correlated positions to Belden could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough 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 riskadjusted return on your portfolios.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.
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.