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BHE

Benchmark ElectronicsNYSE:BHE Stock Report

Market Cap

US$985.6m

7D

2.4%

1Y

40.3%

Updated

26 Sep, 2021

Data

Company Financials +
BHE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health6/6
Dividends2/6

BHE Overview

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

TE Connectivity

NYSE:TEL

US$47.2b

Flex

NasdaqGS:FLEX

US$9.3b

Fabrinet

NYSE:FN

US$3.9b

Sanmina

NasdaqGS:SANM

US$2.6b

Price History & Performance

Summary of all time highs, changes and price drops for Benchmark Electronics
Historical stock prices
Current Share PriceUS$27.70
52 Week HighUS$19.67
52 Week LowUS$32.56
Beta1.14
1 Month Change2.86%
3 Month Change-4.45%
1 Year Change40.32%
3 Year Change18.38%
5 Year Change11.02%
Change since IPO1,324.57%

Recent News & Updates

Sep 19
Benchmark Electronics (NYSE:BHE) Is Increasing Its Dividend To US$0.17

Benchmark Electronics (NYSE:BHE) Is Increasing Its Dividend To US$0.17

The board of Benchmark Electronics, Inc. ( NYSE:BHE ) has announced that it will be increasing its dividend on the 14th...

Aug 04
At US$26.34, Is Benchmark Electronics, Inc. (NYSE:BHE) Worth Looking At Closely?

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...

Shareholder Returns

BHEUS ElectronicUS Market
7D2.4%0.5%0.1%
1Y40.3%51.6%35.3%

Return vs Industry: BHE underperformed the US Electronic industry which returned 51.6% over the past year.

Return vs Market: BHE exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is BHE's price volatile compared to industry and market?
BHE volatility
BHE Beta1.14
Industry Beta1.32
Market Beta1

Stable Share Price: BHE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BHE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197911,234Jeff Benckhttps://www.bench.com

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.

Benchmark Electronics Fundamentals Summary

How do Benchmark Electronics's earnings and revenue compare to its market cap?
BHE fundamental statistics
Market CapUS$985.62m
Earnings (TTM)US$28.90m
Revenue (TTM)US$2.10b

34.1x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BHE income statement (TTM)
RevenueUS$2.10b
Cost of RevenueUS$1.91b
Gross ProfitUS$187.16m
ExpensesUS$158.26m
EarningsUS$28.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.81
Gross Margin8.92%
Net Profit Margin1.38%
Debt/Equity Ratio14.4%

How did BHE perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

81%

Payout Ratio

Does BHE pay a reliable dividends?

See BHE dividend history and benchmarks

Valuation

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

29.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BHE ($27.7) is trading below our estimate of fair value ($39.44)

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 (34.1x) compared to the US Electronic industry average (21.6x).

PE vs Market: BHE is poor value based on its PE Ratio (34.1x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: BHE is poor value based on its PEG Ratio (1.5x)


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).


Future Growth

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

23.2%

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 (15% 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 (9.8% 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


Past Performance

How has Benchmark Electronics performed over the past 5 years?

-18.4%

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 40.3%.


Return on Equity

High ROE: BHE's Return on Equity (3%) is considered low.


Financial Health

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).


Balance Sheet


Dividend

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

2.38%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 27 2021Ex Dividend DateSep 29 2021Dividend Pay DateOct 14 202115 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BHE's dividend (2.38%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: BHE's dividend (2.38%) 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.


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Jeff Benck (56 yo)

2.5yrs

Tenure

US$4,870,542

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 ($USD4.87M) is above average for companies of similar size in the US market ($USD2.30M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BHE's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: BHE's board of directors are considered experienced (5.3 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Benchmark Electronics, Inc.'s 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$985.624m
  • Shares outstanding: 35.58m
  • Website: https://www.bench.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:04
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.