BENCHMARK ELECTRONICS INC (BHE) Fundamental Analysis & Valuation

NYSE:BHE • US08160H1014

Current stock price

64.545 USD
+1.25 (+1.97%)
Last:

This BHE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. BHE Profitability Analysis

1.1 Basic Checks

  • BHE had positive earnings in the past year.
  • BHE had a positive operating cash flow in the past year.
  • In the past 5 years BHE has always been profitable.
  • In multiple years BHE reported negative operating cash flow during the last 5 years.
BHE Yearly Net Income VS EBIT VS OCF VS FCFBHE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M

1.2 Ratios

  • With a Return On Assets value of 1.20%, BHE perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • With a Return On Equity value of 2.26%, BHE perfoms like the industry average, outperforming 53.23% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 5.81%, BHE is in the better half of the industry, outperforming 62.10% of the companies in the same industry.
  • BHE had an Average Return On Invested Capital over the past 3 years of 5.98%. This is below the industry average of 8.10%.
Industry RankSector Rank
ROA 1.2%
ROE 2.26%
ROIC 5.81%
ROA(3y)2.3%
ROA(5y)2.37%
ROE(3y)4.58%
ROE(5y)4.81%
ROIC(3y)5.98%
ROIC(5y)5.49%
BHE Yearly ROA, ROE, ROICBHE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 -2 4 6

1.3 Margins

  • Looking at the Profit Margin, with a value of 0.93%, BHE is in line with its industry, outperforming 50.81% of the companies in the same industry.
  • In the last couple of years the Profit Margin of BHE has grown nicely.
  • BHE has a Operating Margin of 3.97%. This is comparable to the rest of the industry: BHE outperforms 58.87% of its industry peers.
  • BHE's Operating Margin has improved in the last couple of years.
  • BHE's Gross Margin of 10.16% is on the low side compared to the rest of the industry. BHE is outperformed by 79.84% of its industry peers.
  • BHE's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 3.97%
PM (TTM) 0.93%
GM 10.16%
OM growth 3Y5.13%
OM growth 5Y12.57%
PM growth 3Y-26.6%
PM growth 5Y6.42%
GM growth 3Y4.72%
GM growth 5Y3.56%
BHE Yearly Profit, Operating, Gross MarginsBHE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8 10

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6

2. BHE Health Analysis

2.1 Basic Checks

  • BHE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, BHE has less shares outstanding
  • The number of shares outstanding for BHE has been reduced compared to 5 years ago.
  • The debt/assets ratio for BHE has been reduced compared to a year ago.
BHE Yearly Shares OutstandingBHE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
BHE Yearly Total Debt VS Total AssetsBHE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • BHE has an Altman-Z score of 3.70. This indicates that BHE is financially healthy and has little risk of bankruptcy at the moment.
  • BHE has a Altman-Z score (3.70) which is in line with its industry peers.
  • The Debt to FCF ratio of BHE is 2.47, which is a good value as it means it would take BHE, 2.47 years of fcf income to pay off all of its debts.
  • BHE's Debt to FCF ratio of 2.47 is fine compared to the rest of the industry. BHE outperforms 75.81% of its industry peers.
  • A Debt/Equity ratio of 0.19 indicates that BHE is not too dependend on debt financing.
  • BHE's Debt to Equity ratio of 0.19 is in line compared to the rest of the industry. BHE outperforms 44.35% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.47
Altman-Z 3.7
ROIC/WACC0.59
WACC9.77%
BHE Yearly LT Debt VS Equity VS FCFBHE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 2.28 indicates that BHE has no problem at all paying its short term obligations.
  • BHE's Current ratio of 2.28 is in line compared to the rest of the industry. BHE outperforms 49.19% of its industry peers.
  • A Quick Ratio of 1.52 indicates that BHE should not have too much problems paying its short term obligations.
  • BHE has a Quick ratio (1.52) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.28
Quick Ratio 1.52
BHE Yearly Current Assets VS Current LiabilitesBHE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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4

3. BHE Growth Analysis

3.1 Past

  • BHE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.35%.
  • The Earnings Per Share has been growing by 20.36% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 0.11% in the past year.
  • The Revenue has been growing slightly by 5.31% on average over the past years.
EPS 1Y (TTM)4.35%
EPS 3Y4.39%
EPS 5Y20.36%
EPS Q2Q%16.39%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y-2.7%
Revenue growth 5Y5.31%
Sales Q2Q%7.22%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.30% on average over the next years. This is quite good.
  • BHE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.05% yearly.
EPS Next Y7.17%
EPS Next 2Y9.3%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.09%
Revenue Next 2Y6.05%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BHE Yearly Revenue VS EstimatesBHE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
BHE Yearly EPS VS EstimatesBHE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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4

4. BHE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 26.89 indicates a quite expensive valuation of BHE.
  • Compared to the rest of the industry, the Price/Earnings ratio of BHE indicates a somewhat cheap valuation: BHE is cheaper than 75.00% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of BHE to the average of the S&P500 Index (27.53), we can say BHE is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 25.10, the valuation of BHE can be described as expensive.
  • 69.35% of the companies in the same industry are more expensive than BHE, based on the Price/Forward Earnings ratio.
  • BHE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 37.95, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 26.89
Fwd PE 25.1
BHE Price Earnings VS Forward Price EarningsBHE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 76.61% of the companies in the same industry are more expensive than BHE, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, BHE is valued a bit cheaper than the industry average as 75.81% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 26.95
EV/EBITDA 14.01
BHE Per share dataBHE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BHE does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.75
PEG (5Y)1.32
EPS Next 2Y9.3%
EPS Next 3YN/A

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5

5. BHE Dividend Analysis

5.1 Amount

  • BHE has a Yearly Dividend Yield of 1.09%. Purely for dividend investing, there may be better candidates out there.
  • BHE's Dividend Yield is rather good when compared to the industry average which is at 0.45. BHE pays more dividend than 88.71% of the companies in the same industry.
  • BHE's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.09%

5.2 History

  • The dividend of BHE has a limited annual growth rate of 1.62%.
  • BHE has been paying a dividend for over 5 years, so it has already some track record.
  • BHE has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)1.62%
Div Incr Years2
Div Non Decr Years7
BHE Yearly Dividends per shareBHE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 98.28% of the earnings are spent on dividend by BHE. This is not a sustainable payout ratio.
  • The dividend of BHE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP98.28%
EPS Next 2Y9.3%
EPS Next 3YN/A
BHE Yearly Income VS Free CF VS DividendBHE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M
BHE Dividend Payout.BHE Dividend Payout, showing the Payout Ratio.BHE Dividend Payout.PayoutRetained Earnings

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BHE Fundamentals: All Metrics, Ratios and Statistics

BENCHMARK ELECTRONICS INC

NYSE:BHE (4/17/2026, 9:40:15 AM)

64.545

+1.25 (+1.97%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-03
Earnings (Next)05-06
Inst Owners105.05%
Inst Owner Change-0.02%
Ins Owners1.3%
Ins Owner Change0.87%
Market Cap2.30B
Revenue(TTM)2.66B
Net Income(TTM)24.85M
Analysts77.5
Price Target62.48 (-3.2%)
Short Float %3.86%
Short Ratio3.7
Dividend
Industry RankSector Rank
Dividend Yield 1.09%
Yearly Dividend0.68
Dividend Growth(5Y)1.62%
DP98.28%
Div Incr Years2
Div Non Decr Years7
Ex-Date03-31
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.89%
Min EPS beat(2)6.16%
Max EPS beat(2)9.63%
EPS beat(4)4
Avg EPS beat(4)4.66%
Min EPS beat(4)0.38%
Max EPS beat(4)9.63%
EPS beat(8)8
Avg EPS beat(8)7.5%
EPS beat(12)11
Avg EPS beat(12)5.91%
EPS beat(16)15
Avg EPS beat(16)7.97%
Revenue beat(2)2
Avg Revenue beat(2)1.04%
Min Revenue beat(2)0.16%
Max Revenue beat(2)1.92%
Revenue beat(4)2
Avg Revenue beat(4)-0.16%
Min Revenue beat(4)-2.26%
Max Revenue beat(4)1.92%
Revenue beat(8)5
Avg Revenue beat(8)0.67%
Revenue beat(12)8
Avg Revenue beat(12)1.06%
Revenue beat(16)11
Avg Revenue beat(16)2.12%
PT rev (1m)0.82%
PT rev (3m)24.37%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.6%
EPS NY rev (1m)0%
EPS NY rev (3m)1.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.39%
Revenue NY rev (1m)0.46%
Revenue NY rev (3m)1.07%
Valuation
Industry RankSector Rank
PE 26.89
Fwd PE 25.1
P/S 0.87
P/FCF 26.95
P/OCF 18.57
P/B 2.09
P/tB 2.65
EV/EBITDA 14.01
EPS(TTM)2.4
EY3.72%
EPS(NY)2.57
Fwd EY3.98%
FCF(TTM)2.39
FCFY3.71%
OCF(TTM)3.48
OCFY5.38%
SpS74.55
BVpS30.83
TBVpS24.36
PEG (NY)3.75
PEG (5Y)1.32
Graham Number40.804 (-36.78%)
Profitability
Industry RankSector Rank
ROA 1.2%
ROE 2.26%
ROCE 7.35%
ROIC 5.81%
ROICexc 7.49%
ROICexgc 9.44%
OM 3.97%
PM (TTM) 0.93%
GM 10.16%
FCFM 3.21%
ROA(3y)2.3%
ROA(5y)2.37%
ROE(3y)4.58%
ROE(5y)4.81%
ROIC(3y)5.98%
ROIC(5y)5.49%
ROICexc(3y)7.52%
ROICexc(5y)6.82%
ROICexgc(3y)9.4%
ROICexgc(5y)8.63%
ROCE(3y)7.57%
ROCE(5y)6.94%
ROICexgc growth 3Y7.34%
ROICexgc growth 5Y10.09%
ROICexc growth 3Y6.88%
ROICexc growth 5Y12.88%
OM growth 3Y5.13%
OM growth 5Y12.57%
PM growth 3Y-26.6%
PM growth 5Y6.42%
GM growth 3Y4.72%
GM growth 5Y3.56%
F-Score6
Asset Turnover1.28
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.47
Debt/EBITDA 1.35
Cap/Depr 80.92%
Cap/Sales 1.45%
Interest Coverage 5.44
Cash Conversion 80.91%
Profit Quality 343.72%
Current Ratio 2.28
Quick Ratio 1.52
Altman-Z 3.7
F-Score6
WACC9.77%
ROIC/WACC0.59
Cap/Depr(3y)108.06%
Cap/Depr(5y)105.08%
Cap/Sales(3y)1.81%
Cap/Sales(5y)1.79%
Profit Quality(3y)249.67%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.35%
EPS 3Y4.39%
EPS 5Y20.36%
EPS Q2Q%16.39%
EPS Next Y7.17%
EPS Next 2Y9.3%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.11%
Revenue growth 3Y-2.7%
Revenue growth 5Y5.31%
Sales Q2Q%7.22%
Revenue Next Year6.09%
Revenue Next 2Y6.05%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-8.78%
EBIT growth 3Y2.3%
EBIT growth 5Y18.54%
EBIT Next Year47.06%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-45.23%
FCF growth 3YN/A
FCF growth 5Y1.09%
OCF growth 1Y-34.49%
OCF growth 3YN/A
OCF growth 5Y0.58%

BENCHMARK ELECTRONICS INC / BHE Fundamental Analysis FAQ

What is the fundamental rating for BHE stock?

ChartMill assigns a fundamental rating of 5 / 10 to BHE.


What is the valuation status for BHE stock?

ChartMill assigns a valuation rating of 4 / 10 to BENCHMARK ELECTRONICS INC (BHE). This can be considered as Fairly Valued.


Can you provide the profitability details for BENCHMARK ELECTRONICS INC?

BENCHMARK ELECTRONICS INC (BHE) has a profitability rating of 5 / 10.


Can you provide the expected EPS growth for BHE stock?

The Earnings per Share (EPS) of BENCHMARK ELECTRONICS INC (BHE) is expected to grow by 7.17% in the next year.


How sustainable is the dividend of BENCHMARK ELECTRONICS INC (BHE) stock?

The dividend rating of BENCHMARK ELECTRONICS INC (BHE) is 5 / 10 and the dividend payout ratio is 98.28%.