Belden Z Score

BDC Stock

USD 83.71 0.34 0.40%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Belden Piotroski F Score and Belden Valuation analysis. For information on how to trade Belden Stock refer to our How to Trade Belden Stock guide.

Belden Invested Capital is projected to increase significantly based on the last few years of reporting. The past year's Invested Capital was at 1.95 Billion. The current year Invested Capital Average is expected to grow to about 2.3 B, whereas Capital Expenditure is forecasted to decline to (113.4 M). Belden Cost of Revenue is projected to increase significantly based on the last few years of reporting. The past year's Cost of Revenue was at 1.69 Billion. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 375.3 M, whereas Direct Expenses is forecasted to decline to about 1.5 B.

Belden Z Score Analysis

Belden's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

	2020	2021	2022	2023 (projected)
Interest Expense	58.9 M	62.69 M	43.55 M	52.26 M
Gross Profit	575.62 M	771.84 M	916.29 M	939.07 M

Interest Expense Gross Profit

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Belden Z Score

1.8

Most of Belden's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Belden Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

First Factor

1.2 * (

Working Capital

Total Assets )

Second Factor

1.4 * (

Retained Earnings

Total Assets )

Thrid Factor

3.3 * (

EBITAD

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

Total Assets )

Belden Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Belden is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Belden's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Belden's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Belden's interrelated accounts and indicators.

To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.

Competition

Predict Belden

In accordance with the company's disclosures, Belden Inc has a Z Score of 1.8. This is 86.62% lower than that of the Electronic Equipment, Instruments & Components sector and 94.43% lower than that of the Information Technology industry. The z score for all United States stocks is 79.36% higher than that of the company.

Belden Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Belden's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Belden could also be used in its relative valuation, which is a method of valuing Belden by comparing valuation metrics of similar companies.

Belden is currently under evaluation in z score category among related companies.

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

Belden Institutional Holders

Institutional Holdings refers to the ownership stake in Belden that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Belden's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Belden's value.

	Last Transaction	Type	Shares	Value
Blackrock Inc	2022-12-31	Common Shares	4.9 M	354.1 M
Vanguard Group Inc	2022-12-31	Common Shares	4.4 M	318.4 M
T Rowe Price Investment Management Inc	2022-12-31	Common Shares	1.9 M	135.7 M
Victory Capital Management Inc	2022-12-31	Common Shares	1.7 M	125 M
Dimensional Fund Advisors Lp	2022-12-31	Common Shares	1.5 M	107.3 M
Boston Partners	2022-12-31	Common Shares	1.5 M	107.3 M
Allspring Global Investments Holdings Llc	2022-12-31	Common Shares	1.5 M	104.4 M
State Street Corp	2022-12-31	Common Shares	1.4 M	103.3 M
Alliancebernstein Lp	2022-12-31	Common Shares	1.3 M	96.4 M
Pzena Investment Management Llc	2022-12-31	Common Shares	1.1 M	79.6 M
Silvercrest Asset Management Group Llc	2022-12-31	Common Shares	879.5 K	63.2 M

Belden Fundamentals

	Return On Equity	0.26 %
	Return On Asset	0.07 %
	Profit Margin	0.1 %
	Operating Margin	0.13 %
	Current Valuation	3.79 B
	Shares Outstanding	42.9 M
	Shares Owned by Insiders	1.67 %
	Shares Owned by Institutions	98.33 %
	Number of Shares Shorted	1.14 M
	Price to Earning	36.41 X
	Price to Book	2.85 X
	Price to Sales	1.20 X
	Revenue	2.61 B
	Gross Profit	926.35 M
	EBITDA	436.6 M
	Net Income	254.82 M
	Cash and Equivalents	687.68 M
	Cash per Share	12.12 X
	Total Debt	1.16 B
	Debt to Equity	1.16 %
	Current Ratio	2.39 X
	Book Value Per Share	26.68 X
	Cash Flow from Operations	281.3 M
	Short Ratio	3.85 X
	Earnings Per Share	5.99 X
	Price to Earnings To Growth	2.14 X
	Target Price	100.33
	Number of Employees	8 K
	Beta	1.33
	Market Capitalization	3.59 B
	Total Asset	3.16 B
	Retained Earnings	583.03 M
	Working Capital	287.89 M
	Current Asset	837.16 M
	Current Liabilities	549.26 M
	Z Score	1.8
	Annual Yield	0.0024 %
	Five Year Return	0.40 %
	Net Asset	3.16 B
	Last Dividend Paid	0.2

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.

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Our tools can tell you how much better you can do entering a position in Belden without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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		Aggressive Push	Pair Corr
	+	0.61	ANET	Arista Networks		Sell-off Trend	Pair Corr

Moving against Belden

0.43

Fabrinet

Fiscal Quarter End 31st of March 2023

Pair Corr

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 Correlation Correlation Matching

Check out Belden Piotroski F Score and Belden Valuation 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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.

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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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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	Accounts Payable	Total Assets	Current Assets	Cash and Equivalents	Total Debt	Debt Current	Shareholders Equity	Total Liabilities	Current Liabilities	Tax Assets	Tax Liabilities
Accounts Payable		0.71	0.76	0.36	0.22	-0.55	0.64	0.55	0.86	-0.6	0.59
Total Assets	0.71		0.59	0.38	0.61	-0.77	0.81	0.85	0.79	-0.7	0.47
Current Assets	0.76	0.59		0.75	0.19	-0.59	0.49	0.49	0.71	-0.56	0.47
Cash and Equivalents	0.36	0.38	0.75		0.18	-0.44	0.42	0.21	0.17	-0.24	-0.03
Total Debt	0.22	0.61	0.19	0.18		-0.7	0.12	0.84	0.27	-0.26	0.15
Debt Current	-0.55	-0.77	-0.59	-0.44	-0.7		-0.42	-0.82	-0.59	0.75	-0.58
Shareholders Equity	0.64	0.81	0.49	0.42	0.12	-0.42		0.37	0.6	-0.51	0.21
Total Liabilities	0.55	0.85	0.49	0.21	0.84	-0.82	0.37		0.71	-0.64	0.54
Current Liabilities	0.86	0.79	0.71	0.17	0.27	-0.59	0.6	0.71		-0.77	0.76
Tax Assets	-0.6	-0.7	-0.56	-0.24	-0.26	0.75	-0.51	-0.64	-0.77		-0.89
Tax Liabilities	0.59	0.47	0.47	-0.03	0.15	-0.58	0.21	0.54	0.76	-0.89

Belden Z Score

Belden Z Score Analysis

Current Belden Z Score

Belden Z Score Driver Correlations

Belden Z Score Peer Comparison

Belden Current Valuation Drivers

Belden Institutional Holders

Belden Fundamentals

About Belden Fundamental Analysis

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Pair Trading with Belden

Moving together with Belden

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