Discounted Cash Flow

Belden Inc.

BDC · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $2.4b $128.0m $260.8m 5.4% $2.67
2017 $2.4b (1.4%) $93.2m (-27.2%) $191.0m (-26.8%) 3.9% (-28.2%) $1.38 (-48.3%)
2018 $2.6b (8.2%) $160.9m (72.6%) $191.4m (0.2%) 6.2% (59.5%) $3.10 (124.6%)
2019 $2.1b (-17.6%) $-377.0m (-334.3%) $166.9m (-12.8%) -17.7% (-384.3%) $-9.37 (-402.3%)
2020 $1.9b (-12.6%) $-55.2m (85.4%) $83.1m (-50.2%) -3.0% (83.3%) $-1.23 (86.9%)
2021 $2.4b (29.3%) $63.9m (215.9%) $181.1m (117.8%) 2.7% (189.6%) $1.43 (216.3%)
2022 $2.6b (8.2%) $254.7m (298.4%) $176.2m (-2.7%) 9.8% (268.1%) $5.81 (306.3%)
2023 $2.5b (-3.6%) $242.8m (-4.7%) $202.9m (15.2%) 9.7% (-1.1%) $5.75 (-1.0%)
2024 $2.5b (-2.0%) $198.4m (-18.3%) $223.0m (9.9%) 8.1% (-16.6%) $4.88 (-15.1%)
2025 $2.7b (10.3%) $237.5m (19.7%) $218.7m (-1.9%) 8.7% (8.5%) $6.00 (23.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model