Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. More Details
Flawless balance sheet with moderate growth potential.
Share Price & News
How has Benchmark Electronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BHE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BHE's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: BHE underperformed the US Electronic industry which returned 52.1% over the past year.
Return vs Market: BHE underperformed the US Market which returned 36.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Benchmark Electronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCan Mixed Fundamentals Have A Negative Impact on Benchmark Electronics, Inc. (NYSE:BHE) Current Share Price Momentum?
3 weeks ago | Simply Wall StThe President of Benchmark Electronics, Inc. (NYSE:BHE), Jeffrey Benck, Just Bought 1.0% More Shares
3 weeks ago | Simply Wall StBenchmark Electronics (NYSE:BHE) Has A Pretty Healthy Balance Sheet
Is Benchmark Electronics undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BHE ($29.79) is trading below our estimate of fair value ($34.15)
Significantly Below Fair Value: BHE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BHE is poor value based on its PE Ratio (77.4x) compared to the US Electronic industry average (30.1x).
PE vs Market: BHE is poor value based on its PE Ratio (77.4x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: BHE is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: BHE is good value based on its PB Ratio (1.1x) compared to the US Electronic industry average (2.6x).
How is Benchmark Electronics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BHE's forecast earnings growth (47.5% per year) is above the savings rate (2%).
Earnings vs Market: BHE's earnings (47.5% per year) are forecast to grow faster than the US market (19.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BHE's revenue (5.4% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: BHE's revenue (5.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BHE's Return on Equity is forecast to be low in 3 years time (6.4%).
How has Benchmark Electronics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BHE has a large one-off loss of $18.6M impacting its December 31 2020 financial results.
Growing Profit Margin: BHE's current net profit margins (0.7%) are lower than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: BHE's earnings have declined by 29.6% per year over the past 5 years.
Accelerating Growth: BHE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BHE had negative earnings growth (-39.7%) over the past year, making it difficult to compare to the Electronic industry average (-9.3%).
Return on Equity
High ROE: BHE's Return on Equity (1.4%) is considered low.
How is Benchmark Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: BHE's short term assets ($1.2B) exceed its short term liabilities ($481.1M).
Long Term Liabilities: BHE's short term assets ($1.2B) exceed its long term liabilities ($273.5M).
Debt to Equity History and Analysis
Debt Level: BHE's debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: BHE's debt to equity ratio has reduced from 17.1% to 14.6% over the past 5 years.
Debt Coverage: BHE's debt is well covered by operating cash flow (83.2%).
Interest Coverage: BHE's interest payments on its debt are well covered by EBIT (6.1x coverage).
What is Benchmark Electronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BHE's dividend (2.15%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: BHE's dividend (2.15%) is low compared to the top 25% of dividend payers in the US market (3.64%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BHE has been paying a dividend for less than 10 years.
Growing Dividend: BHE's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (166.3%), BHE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Benck (55 yo)
Mr. Jeffrey W. Benck, also known as Jeff, has been the President, CEO and Director of Benchmark Electronics, Inc since March 18, 2019. He had been the Chief Executive Officer and President of Lantronix, In...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD6.18M) is above average for companies of similar size in the US market ($USD2.21M).
Compensation vs Earnings: Insufficient data to compare Jeff's compensation with company performance.
|Executive VP & CFO||3.17yrs||US$1.79m||0.064% |
|Executive VP & COO||3.67yrs||US$1.13m||0.043% |
|Senior VP & CTO||5.67yrs||US$1.33m||0.063% |
|Senior VP||2.58yrs||US$913.10k||0.025% |
|Senior VP & Chief Information Officer||3.5yrs||no data||0.017% |
|Senior VP & Chief Human Resources Officer||1.67yrs||no data||0.013% |
|Senior VP & Chief Strategy Officer||0.17yr||US$958.74k||0.024% |
|Senior VP & Chief Procurement Officer||0.17yr||no data||no data|
|Senior VP & Chief Revenue Officer||1.67yrs||no data||0.012% |
Experienced Management: BHE's management team is considered experienced (2.6 years average tenure).
|Independent Director||2.83yrs||US$229.52k||0.015% |
|Independent Chairman of the Board||5yrs||US$308.02k||0.12% |
|Independent Director||14.83yrs||US$240.52k||0.047% |
|Independent Director||7.75yrs||US$248.02k||0.084% |
|Independent Director||1.25yrs||US$67.42k||no data|
|Independent Director||4.83yrs||US$243.02k||0.036% |
|Independent Director||4.83yrs||US$228.02k||0.16% |
|Independent Director||3.67yrs||US$228.02k||0.025% |
Experienced Board: BHE's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BHE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Benchmark Electronics, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Benchmark Electronics, Inc.
- Ticker: BHE
- Exchange: NYSE
- Founded: 1979
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$1.082b
- Shares outstanding: 36.33m
- Website: https://www.bench.com
Number of Employees
- Benchmark Electronics, Inc.
- 56 South Rockford Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BHE||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jun 1990|
|BMU||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 1990|
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 Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/07 23:38|
|End of Day Share Price||2021/03/05 00:00|
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.