Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe.
Benchmark Electronics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$27.27|
|52 Week High||US$18.75|
|52 Week Low||US$32.56|
|1 Month Change||7.15%|
|3 Month Change||-4.98%|
|1 Year Change||27.13%|
|3 Year Change||8.65%|
|5 Year Change||8.77%|
|Change since IPO||1,302.46%|
Recent News & Updates
At US$26.34, Is Benchmark Electronics, Inc. (NYSE:BHE) Worth Looking At Closely?
Benchmark Electronics, Inc. ( NYSE:BHE ), is not the largest company out there, but it saw significant share price...
Benchmark Electronics, Inc. (NYSE:BHE) Shares Could Be 23% Above Their Intrinsic Value Estimate
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Benchmark Electronics...
|BHE||US Electronic||US Market|
Return vs Industry: BHE underperformed the US Electronic industry which returned 47.8% over the past year.
Return vs Market: BHE underperformed the US Market which returned 30.7% over the past year.
Stable Share Price: BHE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BHE's weekly volatility (3%) has been stable over the past year.
About the Company
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, life cycle testing services, and environmental stress tests of assemblies of boards or systems; and failure analysis.
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 ($27.27) is trading below our estimate of fair value ($39.21)
Significantly Below Fair Value: BHE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BHE is poor value based on its PE Ratio (33.6x) compared to the US Electronic industry average (22.6x).
PE vs Market: BHE is poor value based on its PE Ratio (33.6x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: BHE is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: BHE is good value based on its PB Ratio (1x) compared to the US Electronic industry average (2.7x).
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 (23.2% per year) is above the savings rate (2%).
Earnings vs Market: BHE's earnings (23.2% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BHE's revenue (6.4% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: BHE's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BHE's Return on Equity is forecast to be high in 3 years time
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 $10.0M impacting its June 30 2021 financial results.
Growing Profit Margin: BHE's current net profit margins (1.4%) are higher than last year (0.03%).
Past Earnings Growth Analysis
Earnings Trend: BHE's earnings have declined by 18.4% per year over the past 5 years.
Accelerating Growth: BHE's earnings growth over the past year (4345.5%) exceeds its 5-year average (-18.4% per year).
Earnings vs Industry: BHE earnings growth over the past year (4345.5%) exceeded the Electronic industry 38.9%.
Return on Equity
High ROE: BHE's Return on Equity (3%) is considered low.
How is Benchmark Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: BHE's short term assets ($1.3B) exceed its short term liabilities ($581.4M).
Long Term Liabilities: BHE's short term assets ($1.3B) exceed its long term liabilities ($270.1M).
Debt to Equity History and Analysis
Debt Level: BHE's debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: BHE's debt to equity ratio has reduced from 16.8% to 14.4% over the past 5 years.
Debt Coverage: BHE's debt is well covered by operating cash flow (101.2%).
Interest Coverage: BHE's interest payments on its debt are well covered by EBIT (6.7x coverage).
What is Benchmark Electronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BHE's dividend (2.42%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: BHE's dividend (2.42%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BHE has been paying a dividend for less than 10 years.
Growing Dividend: BHE's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.8%), BHE's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Benck (56 yo)
Mr. Jeffrey W. Benck, also known as Jeff, has been the President, CEO and Director of Benchmark Electronics, Inc since March 18, 2019. He had been the Chief Executive Officer and President of Lantronix, In...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD4.87M) is above average for companies of similar size in the US market ($USD2.35M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Experienced Management: BHE's management team is considered experienced (3.7 years average tenure).
Experienced Board: BHE's board of directors are considered experienced (5.3 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 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$970.324m
- Shares outstanding: 35.58m
- Website: https://www.bench.com
Number of Employees
- Benchmark Electronics, Inc.
- 56 South Rockford Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 05:01|
|End of Day Share Price||2021/09/15 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.