Belden Inc. logo BDC - Belden Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 1
SELL 1
STRONG
SELL
0
| PRICE TARGET: $162.50 DETAILS
HIGH: $170.00
LOW: $155.00
MEDIAN: $162.50
CONSENSUS: $162.50
UPSIDE: 32.64%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Moderate
Trading 26.1% above fair value
Current Price $122.51
Bear Case $67.92 44.6% downside ($67.92 - $122.51) / $122.51 = -44.6% 5% stage 1 growth, 11% discount
Fair Value $97.12 20.7% downside ($97.12 - $122.51) / $122.51 = -20.7% 9% stage 1 growth, 11% discount
Bull Case $125.16 2.2% upside ($125.16 - $122.51) / $122.51 = 2.2% 12% stage 1 growth, 11% discount

Adjust Assumptions

9.2%
11.0%
3.0%

Key Value Driver

FCF growth rate (9% base case)

Terminal Value % of EV 38%
Implied Market Multiple 24.4x
Market is pricing in (growth) 11.7% vs our 9.2% base

Plain-Language Summary

Using a two-stage FCF DCF with 9% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $97.12 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (14 analysts) $162.50
Analyst Range $155.00 – $170.00
Divergence from AlphaVal 40%

Warnings

Wall Street's average price target is $162.50 (from 14 analysts). Our estimate is 40% below the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions