Loading...

Benchmark Electronics

DB:BMU
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BMU
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
BMU Share Price and Events
7 Day Returns
2.6%
DB:BMU
1.6%
DE Electronic
1.8%
DE Market
1 Year Returns
4.2%
DB:BMU
-0.2%
DE Electronic
-6%
DE Market
BMU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Benchmark Electronics (BMU) 2.6% 13.5% 25.3% 4.2% 52.9% 51.4%
DE Electronic 1.6% 7% 19.8% -0.2% 98.5% 105%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • BMU outperformed the Electronic industry which returned -0.2% over the past year.
  • BMU outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
BMU
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Benchmark Electronics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Benchmark Electronics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Benchmark Electronics.

DB:BMU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BMU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 21%) (12.94%))
1.118
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.118 * 5.96%)
6.89%

Discounted Cash Flow Calculation for DB:BMU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Benchmark Electronics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:BMU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.89%)
2019 51.20 Analyst x1 47.90
2020 61.00 Analyst x1 53.39
2021 55.67 Est @ -8.74% 45.58
2022 52.30 Est @ -6.05% 40.06
2023 50.12 Est @ -4.17% 35.91
2024 48.69 Est @ -2.85% 32.64
2025 47.75 Est @ -1.93% 29.95
2026 47.14 Est @ -1.28% 27.66
2027 46.75 Est @ -0.83% 25.66
2028 46.51 Est @ -0.51% 23.88
Present value of next 10 years cash flows $362.63
DB:BMU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $46.51 × (1 + 0.23%) ÷ (6.89% – 0.23%)
$699.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $699.48 ÷ (1 + 6.89%)10
$359.16
DB:BMU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $362.63 + $359.16
$721.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $721.78 / 40.29
$17.91
DB:BMU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BMU represents 0.88561x of NYSE:BHE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88561x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 17.91 x 0.88561
€15.86
Value per share (EUR) From above. €15.86
Current discount Discount to share price of €26.17
= -1 x (€26.17 - €15.86) / €15.86
-65%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Benchmark Electronics is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Benchmark Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Benchmark Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BMU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.49
NYSE:BHE Share Price ** NYSE (2019-04-18) in USD $29.55
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Benchmark Electronics.

DB:BMU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BHE Share Price ÷ EPS (both in USD)

= 29.55 ÷ 0.49

60x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Benchmark Electronics is overvalued based on earnings compared to the DE Electronic industry average.
  • Benchmark Electronics is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Benchmark Electronics's expected growth come at a high price?
Raw Data
DB:BMU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 60x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
46.7%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:BMU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 60x ÷ 46.7%

1.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Benchmark Electronics is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Benchmark Electronics's assets?
Raw Data
DB:BMU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $27.38
NYSE:BHE Share Price * NYSE (2019-04-18) in USD $29.55
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:BMU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BHE Share Price ÷ Book Value per Share (both in USD)

= 29.55 ÷ 27.38

1.08x

* Primary Listing of Benchmark Electronics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Benchmark Electronics is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Benchmark Electronics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Benchmark Electronics has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Benchmark Electronics expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Benchmark Electronics expected to grow at an attractive rate?
  • Benchmark Electronics's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Benchmark Electronics's earnings growth is expected to exceed the Germany market average.
  • Benchmark Electronics's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BMU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BMU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 46.7%
DB:BMU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.3%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BMU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BMU Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,484 111 71 1
2019-12-31 2,601 101 61 1
DB:BMU Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,566 77 23
2018-09-30 2,588 39 -81
2018-06-30 2,558 37 -71
2018-03-31 2,517 92 -64
2017-12-31 2,454 146 -32
2017-09-30 2,396 134 63
2017-06-30 2,359 207 67
2017-03-31 2,319 274 62
2016-12-31 2,322 273 64
2016-09-30 2,329 257 85
2016-06-30 2,384 264 84
2016-03-31 2,469 235 92

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Benchmark Electronics's earnings are expected to grow significantly at over 20% yearly.
  • Benchmark Electronics's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BMU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Benchmark Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BMU Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.87 1.87 1.87 1.00
2019-12-31 1.53 1.53 1.53 1.00
DB:BMU Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.49
2018-09-30 -1.70
2018-06-30 -1.46
2018-03-31 -1.30
2017-12-31 -0.64
2017-09-30 1.27
2017-06-30 1.36
2017-03-31 1.25
2016-12-31 1.30
2016-09-30 1.71
2016-06-30 1.67
2016-03-31 1.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Benchmark Electronics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Benchmark Electronics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Benchmark Electronics has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Benchmark Electronics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Benchmark Electronics's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Benchmark Electronics's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Benchmark Electronics has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Benchmark Electronics has become profitable in the last year making it difficult to compare the DE Electronic industry average.
Earnings and Revenue History
Benchmark Electronics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Benchmark Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BMU Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,566.47 22.82 141.51
2018-09-30 2,587.78 -81.32 142.50
2018-06-30 2,558.02 -71.29 136.99
2018-03-31 2,517.04 -64.16 133.50
2017-12-31 2,454.48 -31.90 130.40
2017-09-30 2,395.95 63.03 125.45
2017-06-30 2,359.36 66.94 121.44
2017-03-31 2,319.09 61.55 117.64
2016-12-31 2,322.29 63.93 113.45
2016-09-30 2,328.63 84.90 111.86
2016-06-30 2,384.48 83.72 108.34
2016-03-31 2,469.17 92.25 107.72
2015-12-31 2,540.87 95.40 107.46
2015-09-30 2,624.70 79.32 105.62
2015-06-30 2,725.81 75.38 112.27
2015-03-31 2,778.64 76.32 113.05
2014-12-31 2,797.06 81.24 109.68
2014-09-30 2,844.36 125.39 117.19
2014-06-30 2,712.71 132.49 110.47
2014-03-31 2,603.37 118.80 105.09
2013-12-31 2,506.47 110.95 99.33
2013-09-30 2,383.56 61.79 92.43
2013-06-30 2,394.67 57.37 90.38
2013-03-31 2,417.18 62.50 89.85
2012-12-31 2,468.15 56.61 89.95
2012-09-30 2,393.30 41.37 89.58
2012-06-30 2,352.62 41.92 90.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Benchmark Electronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Benchmark Electronics used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Benchmark Electronics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Benchmark Electronics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Benchmark Electronics has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Benchmark Electronics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Benchmark Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Benchmark Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Benchmark Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Benchmark Electronics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Benchmark Electronics Company Filings, last reported 3 months ago.

DB:BMU Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,132.23 154.07 458.10
2018-09-30 1,201.68 154.22 475.71
2018-06-30 1,244.15 203.00 595.64
2018-03-31 1,247.33 207.35 676.33
2017-12-31 1,339.14 211.68 742.55
2017-09-30 1,424.91 214.57 730.15
2017-06-30 1,405.84 217.46 749.31
2017-03-31 1,382.06 220.33 752.48
2016-12-31 1,365.47 223.65 681.43
2016-09-30 1,334.32 226.54 635.68
2016-06-30 1,318.12 229.42 573.25
2016-03-31 1,320.41 232.30 519.17
2015-12-31 1,321.90 235.19 466.00
2015-09-30 1,298.30 9.02 462.09
2015-06-30 1,294.33 9.19 409.32
2015-03-31 1,288.60 9.37 383.60
2014-12-31 1,289.63 9.52 427.38
2014-09-30 1,276.45 9.67 420.24
2014-06-30 1,270.86 9.82 401.87
2014-03-31 1,248.67 9.97 394.19
2013-12-31 1,227.03 10.10 345.56
2013-09-30 1,167.75 10.23 426.56
2013-06-30 1,146.28 10.36 398.90
2013-03-31 1,143.08 10.49 416.85
2012-12-31 1,139.53 10.60 384.58
2012-09-30 1,131.61 10.71 325.78
2012-06-30 1,116.44 10.82 280.81
  • Benchmark Electronics's level of debt (13.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.8% vs 13.6% today).
  • Debt is well covered by operating cash flow (49.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.4x coverage).
X
Financial health checks
We assess Benchmark Electronics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Benchmark Electronics has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Benchmark Electronics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.03%
Current annual income from Benchmark Electronics dividends.
If you bought €2,000 of Benchmark Electronics shares you are expected to receive €41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Benchmark Electronics's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Benchmark Electronics's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BMU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BMU Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
DB:BMU Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.600 2.191
2018-12-17 0.600 2.448
2018-09-17 0.600 2.551
2018-06-08 0.600 2.209
2018-05-09 0.600 2.162

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Benchmark Electronics has stable dividend payments.
  • Benchmark Electronics only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Benchmark Electronics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Benchmark Electronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Benchmark Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Benchmark Electronics has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Benchmark Electronics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Benck
AGE 53
TENURE AS CEO 0.1 years
CEO Bio

Mr. Jeffrey W. Benck, also known as Jeff, has been the President, CEO and Director of Benchmark Electronics, Inc since March 18, 2019. He had been the Chief Executive Officer and President of Lantronix, Inc. since December 7, 2015 until March 08, 2019. Mr. Benck had more than 20 years of technology and systems experience. Mr. Benck joined Emulex in May 2008. He served as the Chief Executive Officer at Emulex Corporation from July 12, 2013 to May 5, 2015 and its President from August 24, 2010 to May 5, 2015, Chief Operating Officer from May 12, 2008 to July 12, 2013 and Executive Vice President from May 12, 2008 to August 24, 2010. Prior to joining Emulex, he served as the President and Chief Operating Officer of QLogic Corp. from April 20, 2007 to March 14, 2008. He served as IBM's Vice President of Development for Modular and Blade Systems at IBM in Research Triangle Park (RTP), NC. He served for 19 years at IBM and held a variety of executive positions including development, marketing, operations and General Manager for IBM's BladeCenter product line. He served as Vice President of xSeries Servers, BladeCenter and Retail Store Solutions Development of IBM and his focus included growth initiatives, product development, marketing & strategy, portfolio management and customer relationships. He served as Director of Netlist Inc. since June 21, 2016 until August 15, 2018 and had been a Director of Lantronix, Inc. since December 7, 2015 until March 08, 2019. He served as a Member of IBM's Integration and Values Team. He served as a Director of Emulex Corporation from July 2013 to May 5, 2015. He is also a distinguished inventor in the computer systems field and holds six U.S. patents. He was honored with the IBM Chairman's Award for Client Excellence. Mr. Benck received his Bachelor of Science Degree in Mechanical Engineering from Rochester Institute of Technology and Masters of Science Degree in Management of Technology from University of Miami.

CEO Compensation
  • Insufficient data for Jeff to compare compensation growth.
  • Insufficient data for Jeff to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Benchmark Electronics management team in years:

1.3
Average Tenure
53
Average Age
  • The average tenure for the Benchmark Electronics management team is less than 2 years, this suggests a new team.
Management Team

Mike Buseman

TITLE
Executive Vice President of Global Operations
COMPENSATION
$1M
AGE
57
TENURE
1.8 yrs

Paul Tufano

TITLE
COMPENSATION
$4M
AGE
64
TENURE
0.1 yrs

Jon King

TITLE
COMPENSATION
$1M
AGE
61
TENURE
1.7 yrs

Jeff Benck

TITLE
President
AGE
53
TENURE
0.1 yrs

Roop Lakkaraju

TITLE
Executive VP & CFO
AGE
47
TENURE
1.3 yrs

Jan Janick

TITLE
Chief Technology Officer
AGE
59
TENURE
1.3 yrs

Scott Hicar

TITLE
VP of Business Process Improvement & Chief Information Officer
AGE
51
TENURE
1.6 yrs

Lisa Weeks

TITLE
Vice President of Strategy & Investor Relations
AGE
50
TENURE
7.3 yrs

Steve Beaver

TITLE
VP, Corporate Secretary & General Counsel
AGE
46
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Benchmark Electronics board of directors in years:

2.9
Average Tenure
62
Average Age
  • The average tenure for the Benchmark Electronics board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Scheible

TITLE
Chairman of the Board
COMPENSATION
$296K
AGE
62
TENURE
3.1 yrs

Jeff Benck

TITLE
President
AGE
53
TENURE
0.1 yrs

Doug Duncan

TITLE
Independent Director
COMPENSATION
$240K
AGE
67
TENURE
12.9 yrs

Robert Gifford

TITLE
Director
COMPENSATION
$233K
AGE
60
TENURE
2.9 yrs

Ken Lamneck

TITLE
Director
AGE
63
TENURE
5.8 yrs

Clay Williams

TITLE
Independent Director
COMPENSATION
$213K
AGE
55
TENURE
10.5 yrs

Jeff McCreary

TITLE
Director
COMPENSATION
$233K
AGE
61
TENURE
2.9 yrs

Bruce Carlson

TITLE
Director
COMPENSATION
$140K
AGE
68
TENURE
1.8 yrs

Merilee Raines

TITLE
Independent Director
AGE
62
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Mar 19 Sell Engaged Capital, LLC Company 27. Feb 19 08. Mar 19 -255,922 €24.73 €-6,132,241
26. Feb 19 Sell Engaged Capital, LLC Company 12. Feb 19 13. Feb 19 -120,228 €24.67 €-2,949,065
04. Jan 19 Sell Engaged Capital, LLC Company 14. Nov 18 14. Nov 18 -32,000 €20.78 €-659,428
X
Management checks
We assess Benchmark Electronics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Benchmark Electronics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services. It also provides electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; manufacturing defect analysis, in-circuit testing, functional testing, flexible test solutions, environmental stress tests of assemblies of boards or systems; and failure analysis. In addition, the company offers precision machining and electromechanical assembly services; and subsystem and system integration services, including assembly, configuration, and testing services for various industries. Further, it provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product’s life cycle. The company serves original equipment manufacturers in the aerospace and defense, medical technologies, complex industrials, test and instrumentation, telecommunications, and high-end computing industries. Benchmark Electronics, Inc. sells its products primarily through direct sales force. The company was formerly known as Electronics, Inc. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.

Details
Name: Benchmark Electronics, Inc.
BMU
Exchange: DB
Founded: 1979
$1,058,772,430
40,294,492
Website: http://www.bench.com
Address: Benchmark Electronics, Inc.
56 South Rockford Drive,
Tempe,
Arizona, 85281,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BHE Common Shares New York Stock Exchange US USD 27. Jun 1990
DB BMU Common Shares Deutsche Boerse AG DE EUR 27. Jun 1990
Number of employees
Current staff
Staff numbers
10,500
Benchmark Electronics employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:41
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/02
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.