What is Belden Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Belden Inc.'s reported free cash flow gives $104.88 per share. The share price was $112.45 on September 25, 2026, 7% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 4.0% | 10.0% | $55.77 | -50% |
| Base | 9.0% | 9.0% | $104.88 | -7% |
| Bull | 14.0% | 8.0% | $196.52 | +75% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $140.89 | $151.96 | $165.50 | $182.42 | $204.17 |
| 8.0% | $113.96 | $121.14 | $129.63 | $139.81 | $152.26 |
| 9.0% | $94.31 | $99.22 | $104.88 | $111.49 | $119.31 |
| 10.0% | $79.36 | $82.86 | $86.81 | $91.34 | $96.56 |
| 11.0% | $67.63 | $70.19 | $73.06 | $76.27 | $79.92 |
Where the presets come from
Base: years 1 to 5 grow at Belden Inc.'s revenue growth rate over the last 5 fiscal years (9.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions