BENCHMARK ELECTRONICS INC (BHE) Fundamental Analysis & Valuation

NYSE:BHE • US08160H1014

Current stock price

84.5 USD
+2.45 (+2.99%)
At close:
84.75 USD
+0.25 (+0.3%)
After Hours:

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.
  • In the past year BHE had a positive cash flow from operations.
  • Each year in the past 5 years BHE has been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: BHE reported negative operating cash flow in multiple 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

  • The Return On Assets of BHE (1.20%) is comparable to the rest of the industry.
  • With a Return On Equity value of 2.26%, BHE perfoms like the industry average, outperforming 54.03% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 5.81%, BHE is doing good in 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 8.09%.
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

  • BHE has a Profit Margin (0.93%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of BHE has grown nicely.
  • BHE has a Operating Margin (3.97%) which is in line with 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 80.65% of its industry peers.
  • In the last couple of years the Gross Margin of BHE has grown nicely.
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.
  • BHE has less shares outstanding than it did 1 year ago.
  • BHE has less shares outstanding than it did 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

  • An Altman-Z score of 4.11 indicates that BHE is not in any danger for bankruptcy at the moment.
  • BHE's Altman-Z score of 4.11 is in line compared to the rest of the industry. BHE outperforms 59.68% of 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.
  • The Debt to FCF ratio of BHE (2.47) is better than 76.61% of its industry peers.
  • BHE has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.19, BHE perfoms like the industry average, outperforming 45.16% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.47
Altman-Z 4.11
ROIC/WACC0.57
WACC10.14%
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 has a Current ratio (2.28) which is in line with its industry peers.
  • BHE has a Quick Ratio of 1.52. This is a normal value and indicates that BHE is financially healthy and should not expect problems in meeting its short term obligations.
  • BHE's Quick ratio of 1.52 is in line compared to the rest of the industry. BHE outperforms 41.94% of its industry peers.
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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5

3. BHE Growth Analysis

3.1 Past

  • BHE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.37%, which is quite good.
  • Measured over the past years, BHE shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.36% on average per year.
  • 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)8.37%
EPS 3Y4.39%
EPS 5Y20.36%
EPS Q2Q%11.54%
Revenue 1Y (TTM)0.11%
Revenue growth 3Y-2.7%
Revenue growth 5Y5.31%
Sales Q2Q%7.2%

3.2 Future

  • Based on estimates for the next years, BHE will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.30% on average per year.
  • The Revenue is expected to grow by 6.42% on average over the next years.
EPS Next Y7.17%
EPS Next 2Y9.3%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.27%
Revenue Next 2Y6.42%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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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3

4. BHE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 34.35, the valuation of BHE can be described as expensive.
  • 67.74% of the companies in the same industry are more expensive than BHE, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, BHE is valued a bit more expensive.
  • Based on the Price/Forward Earnings ratio of 29.47, the valuation of BHE can be described as expensive.
  • 64.52% of the companies in the same industry are more expensive than BHE, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, BHE is valued a bit more expensive.
Industry RankSector Rank
PE 34.35
Fwd PE 29.47
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

  • BHE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BHE is cheaper than 70.16% of the companies in the same industry.
  • BHE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BHE is cheaper than 69.35% of the companies in the same industry.
Industry RankSector Rank
P/FCF 35.29
EV/EBITDA 18.37
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 an expensive valuation of the company.
PEG (NY)4.79
PEG (5Y)1.69
EPS Next 2Y9.3%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. BHE Dividend Analysis

5.1 Amount

  • BHE has a yearly dividend return of 0.83%, which is pretty low.
  • BHE's Dividend Yield is rather good when compared to the industry average which is at 0.42. BHE pays more dividend than 87.10% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.80, BHE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.83%

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.
  • As BHE did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
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.
  • BHE's earnings are growing more than its dividend. This makes the dividend growth 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 (5/1/2026, 8:11:30 PM)

After market: 84.75 +0.25 (+0.3%)

84.5

+2.45 (+2.99%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Industry Strength95.03
Industry Growth87.58
Earnings (Last)04-29
Earnings (Next)07-28
Inst Owners105.05%
Inst Owner Change-0.14%
Ins Owners1.3%
Ins Owner Change0.97%
Market Cap3.01B
Revenue(TTM)2.66B
Net Income(TTM)24.85M
Analysts77.5
Price Target62.48 (-26.06%)
Short Float %3.63%
Short Ratio3.65
Dividend
Industry RankSector Rank
Dividend Yield 0.83%
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)0.18%
Revenue NY rev (3m)1.25%
Valuation
Industry RankSector Rank
PE 34.35
Fwd PE 29.47
P/S 1.13
P/FCF 35.29
P/OCF 24.31
P/B 2.74
P/tB 3.47
EV/EBITDA 18.37
EPS(TTM)2.46
EY2.91%
EPS(NY)2.87
Fwd EY3.39%
FCF(TTM)2.39
FCFY2.83%
OCF(TTM)3.48
OCFY4.11%
SpS74.55
BVpS30.83
TBVpS24.36
PEG (NY)4.79
PEG (5Y)1.69
Graham Number41.3109 (-51.11%)
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 4.11
F-Score6
WACC10.14%
ROIC/WACC0.57
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)8.37%
EPS 3Y4.39%
EPS 5Y20.36%
EPS Q2Q%11.54%
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%7.2%
Revenue Next Year6.27%
Revenue Next 2Y6.42%
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 3 / 10 to BENCHMARK ELECTRONICS INC (BHE). This can be considered as Overvalued.


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 4 / 10 and the dividend payout ratio is 98.28%.