NYSE:BHE

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Benchmark Electronics

Executive Summary

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


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

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 +/- 6% a week.

Volatility Over Time: BHE's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.3%

BHE

-0.4%

US Electronic

0.7%

US Market


1 Year Return

-28.0%

BHE

20.8%

US Electronic

22.2%

US Market

Return vs Industry: BHE underperformed the US Electronic industry which returned 21.6% over the past year.

Return vs Market: BHE underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

BHEIndustryMarket
7 Day-2.3%-0.4%0.7%
30 Day16.0%14.6%11.8%
90 Day22.4%20.5%8.6%
1 Year-26.0%-28.0%23.5%20.8%25.0%22.2%
3 Year-9.7%-15.7%38.0%32.1%49.4%39.5%
5 Year27.6%19.1%117.9%104.4%100.2%78.1%

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

Valuation

Is Benchmark Electronics undervalued compared to its fair value and its price relative to the market?

0.92x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BHE ($24.86) is trading above our estimate of fair value ($17.91)

Significantly Below Fair Value: BHE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BHE is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.

PE vs Market: BHE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BHE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BHE is good value based on its PB Ratio (0.9x) compared to the US Electronic industry average (2.2x).


Next Steps

Future Growth

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

78.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: BHE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BHE's is expected to become profitable in the next 3 years.

Revenue vs Market: BHE's revenue (4.6% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: BHE's revenue (4.6% 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 (4.8%).


Next Steps

Past Performance

How has Benchmark Electronics performed over the past 5 years?

-31.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BHE is currently unprofitable.

Growing Profit Margin: BHE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BHE is unprofitable, and losses have increased over the past 5 years at a rate of 31.1% per year.

Accelerating Growth: Unable to compare BHE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BHE is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-14.1%).


Return on Equity

High ROE: BHE has a negative Return on Equity (-0.057%), as it is currently unprofitable.


Next Steps

Financial Health

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 ($449.5M).

Long Term Liabilities: BHE's short term assets ($1.2B) exceed its long term liabilities ($294.7M).


Debt to Equity History and Analysis

Debt Level: BHE's debt to equity ratio (16.4%) is considered satisfactory.

Reducing Debt: BHE's debt to equity ratio has increased from 0.4% to 16.4% over the past 5 years.

Debt Coverage: BHE's debt is well covered by operating cash flow (37.8%).

Interest Coverage: BHE is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

2.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BHE's dividend (2.57%) is higher than the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: BHE's dividend (2.57%) is low compared to the top 25% of dividend payers in the US market (4.14%).


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: BHE is paying a dividend but the company is unprofitable.


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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Jeff Benck (55 yo)

1.75yrs

Tenure

US$6,178,171

Compensation

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 ($USD6.18M) is above average for companies of similar size in the US market ($USD2.60M).

Compensation vs Earnings: Insufficient data to compare Jeff's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Benck
President1.75yrsUS$6.18m0.050%
$ 450.7k
Roop Lakkaraju
Executive VP & CFO2.92yrsUS$1.79m0.030%
$ 266.0k
Michael Buseman
Executive Vice President of Global Operations3.42yrsUS$1.13m0.027%
$ 245.6k
Jan Janick
CTO & Vice President of Global Engineering5.42yrsUS$1.33m0.043%
$ 386.1k
Stephen Beaver
VP, Corporate Secretary & General Counsel2.33yrsUS$913.10k0.015%
$ 136.0k
Scott Hicar
VP of Business Process Improvement & Chief Information Officer3.25yrsno data0.017%
$ 147.5k
Lisa Weeks
Vice President of Strategy & Investor Relations8.92yrsUS$958.74k0.024%
$ 211.7k
Rhonda Turner
Chief Human Resources Officer1.42yrsno data0.0093%
$ 83.5k
Robert Crawford
Chief Revenue Officer1.42yrsno data0.0076%
$ 68.3k
Jon King
3.33yrsUS$1.47mno data

3.1yrs

Average Tenure

54yo

Average Age

Experienced Management: BHE's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Benck
President1.75yrsUS$6.18m0.050%
$ 450.7k
Merilee Raines
Independent Director2.58yrsUS$229.52k0.015%
$ 133.2k
David Scheible
Independent Chairman of the Board4.75yrsUS$308.02k0.12%
$ 1.1m
Douglas Duncan
Independent Director14.58yrsUS$240.52k0.047%
$ 415.7k
Kenneth Lamneck
Independent Director7.5yrsUS$248.02k0.084%
$ 746.4k
Anne De Greef-Safft
Independent Director1yrUS$67.42kno data
Robert Gifford
Independent Director4.58yrsUS$243.02k0.036%
$ 322.7k
Jeffrey McCreary
Independent Director4.58yrsUS$228.02k0.16%
$ 1.4m
Bruce Carlson
Independent Director3.42yrsUS$228.02k0.025%
$ 225.2k

4.6yrs

Average Tenure

64yo

Average Age

Experienced Board: BHE's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Benchmark Electronics, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Benchmark Electronics, Inc.
  • Ticker: BHE
  • Exchange: NYSE
  • Founded: 1979
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: US$893.626m
  • Shares outstanding: 36.47m
  • Website: https://www.bench.com

Number of Employees


Location

  • Benchmark Electronics, Inc.
  • 56 South Rockford Drive
  • Tempe
  • Arizona
  • 85281
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BHENYSE (New York Stock Exchange)YesCommon SharesUSUSDJun 1990
BMUDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 1990

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 23:07
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.