Belden Inc Intrinsic Stock Value – BELDEN INC Reports Second Quarter FY2023 Earnings Results on August 3, 2023
August 9, 2023
🌥️Earnings Overview
On August 3 2023, BELDEN INC ($NYSE:BDC) released their earnings results from the second quarter of FY2023, which had ended on June 30 2023. The reported total revenue was USD 692.2 million, a 3.9% growth from the same quarter of FY2022. Furthermore, the net income was USD 68.8 million, a 17.4% year-over-year increase.
Market Price
The stock opened at $91.3 and closed at $88.8, which represented a 5.6% drop from the previous closing price of $94.0. BELDEN INC‘s second quarter FY2023 earnings results were met with mixed reception from investors and analysts alike. Despite these impressive numbers, investors were disappointed by the company’s outlook for the rest of the fiscal year. BELDEN INC warned that revenue growth will be slower in the third and fourth quarter due to increased competition and volatile market conditions.
Investors should keep a close eye on BELDEN INC’s earnings performance as the fiscal year progresses. With its strong second quarter performance and potential for further growth, BELDEN INC could be an attractive option for investors looking for potential returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Belden Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.66k | 292.21 | 10.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Belden Inc. More…
| Operations | Investing | Financing |
| 344.59 | -157.57 | -195.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Belden Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.15k | 1.98k | 27.5 |
Key Ratios Snapshot
Some of the financial key ratios for Belden Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | 33.1% | 14.6% |
| FCF Margin | ROE | ROA |
| 8.9% | 21.2% | 7.7% |
Analysis – Belden Inc Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of BELDEN INC‘s financials. Our proprietary Valuation Line has indicated a fair value for BELDEN INC’s share of around $69.3. However, the current market price of BELDEN INC stock is $88.8, meaning it is currently being traded at a 28.1% premium. This suggests that the stock is currently being overvalued in the market. More…
Peers
Its main competitors are Boomsense Technology Co Ltd, CommScope Holding Co Inc, and Edimax Technology Co Ltd.
– Boomsense Technology Co Ltd ($NASDAQ:COMM)
ComScope Holding Company, Inc. engages in the design, manufacture, marketing, and sale of communications infrastructure solutions for the advanced communications market worldwide. It operates through the following segments: CommScope Connectivity Solutions, CommScope Mobility Solutions, and CommScope Premises Solutions. The CommScope Connectivity Solutions segment offers fiber optic cabling systems, twisted pair copper cabling systems, and cable management solutions. The CommScope Mobility Solutions segment provides antenna solutions, base station solutions, small cell solutions, distributed antenna systems, and wireless fronthaul solutions. The CommScope Premises Solutions segment offers enterprise connectivity solutions, data center solutions, and residential connectivity solutions. The company was founded by Marion D. Combs and John J. Murphy in 1966 and is headquartered in Hickory, NC.
– CommScope Holding Co Inc ($TWSE:3047)
Edimax Technology Co Ltd is a Taiwanese electronics company that specializes in the manufacture of computer networking equipment. The company has a market capitalization of 2.91 billion as of 2022 and a return on equity of 4.99%. Edimax was founded in 1986 and is headquartered in Taipei, Taiwan. The company employs over 1,000 people and has manufacturing facilities in Taiwan, China, and the Czech Republic. Edimax’s product portfolio includes routers, switches, network adapters, and wireless networking devices. The company sells its products through a network of distributors and retailers worldwide.
Summary
Investors have been keeping a close eye on Belden Inc. as the company reported its earnings for the second quarter of FY2023. Total revenue rose by 3.9%, and net income increased by 17.4%, showing positive signs for the company’s financial health. Despite this, the stock price dropped on the same day, which could indicate investor uncertainty about the future of the company.
However, with strong revenue and profit growth, Belden Inc. may still be a worthy investment in the long run. Investors should consider the latest earnings report and any other relevant news when making their decisions.
Related Posts
Recent Posts
