BHE Stock Analysis: Benchmark Electronics | NYSE
Electronic Components | NYSE, USA | Market Cap: 2.990m USD | 12M Return: 115.2% | US08160H1014 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 31.4M
EPS Trend: 96.1%
Qual. Beats: -1
Rev. Trend: -52.0%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Benchmark Electronics, Inc. (BHE) is a U.S.-based provider of integrated contract electronics manufacturing services, operating in the Americas, Asia, and Europe. The company offers end-to-end capabilities spanning product design, engineering, prototyping, testing, precision machining, and full-scale electronics and electromechanical assembly, along with aftermarket support such as repair, refurbishment, and spare parts management across a products life cycle.
Its customer base consists primarily of original equipment manufacturers (OEMs) in advanced computing, communications, aerospace and defense, industrial, medical, and semiconductor capital equipment markets, with services marketed mainly through a direct sales force. The company is headquartered in Tempe, Arizona, and was founded in 1979.
As a mid-cap participant in the Electronic Manufacturing Services (EMS) industry, BHE operates in a sector characterized by contract-based, margin-sensitive work where revenue is tied to OEM outsourcing decisions and program lifecycles. Demand is typically diversified across multiple end markets, which helps offset cyclicality in any single vertical.
- Aerospace and defense bookings accelerate on rising government spending
- Semiconductor capital equipment orders strengthen amid fab investment cycle
- Margin expansion driven by operational efficiency and product mix
| Net Income: 53.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.84 > 1.0 |
| NWC/Revenue: 28.02% < 20% (prev 31.09%; Δ -3.07% < -1%) |
| CFO/TA 0.08 > 3% & CFO 177.0m > Net Income 53.1m |
| Net Debt (58.8m) to EBITDA (144.9m): 0.41 < 3 |
| Current Ratio: 1.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.3m) vs 12m ago 0.23% < -2% |
| Gross Margin: 10.23% > 18% (prev 10.00%; Δ 0.23% > 0.5%) |
| Asset Turnover: 132.8% > 50% (prev 127.5%; Δ 5.30% > 0%) |
| Interest Coverage Ratio: 6.10 > 6 (EBIT TTM 97.1m / Interest Expense TTM 15.9m) |
| A: 0.36 (Total Current Assets 1.58b - Total Current Liabilities 795.3m) / Total Assets 2.21b |
| B: 0.26 (Retained Earnings 584.3m / Total Assets 2.21b) |
| C: 0.05 (EBIT TTM 97.1m / Avg Total Assets 2.12b) |
| D: 1.02 (Book Value of Equity 1.12b / Total Liabilities 1.10b) |
| Altman-Z'' = 4.57 = AA |
| DSRI: 0.76 (Receivables 451.6m/544.3m, Revenue 2.82b/2.59b) |
| GMI: 0.98 (GM 10.00% / 10.23%) |
| AQI: 0.90 (AQ_t 0.13 / AQ_t-1 0.15) |
| SGI: 1.09 (Revenue 2.82b / 2.59b) |
| TATA: -0.06 (NI 53.1m - CFO 177.0m) / TA 2.21b) |
| Beneish M = -3.24 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at USD 81.16 with a total of 413,748 shares traded. Over the past week, the price has changed by -4.09%, over one month by +10.02%, over three months by -0.58% and over the past year by +115.24%.
Current recommended Stop Loss: 77.20 (which is 4.9% or 1.4 ATR below the current price).
Benchmark Electronics has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy BHE.
- StrongBuy: 1
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 86 | 6% |
P/E Trailing = 57.0069
P/E Forward = 14.1443
P/S = 1.0608
P/B = 2.6743
P/EG = 1.328
Revenue TTM = 2.82b USD
EBIT TTM = 97.1m USD
EBITDA TTM = 144.9m USD
Long Term Debt = 177.2m USD (from longTermDebt, last quarter)
Short Term Debt = 3.75m USD (from shortTermDebt, last quarter)
Debt = 373.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 96.3m
Net Debt = 58.8m USD (calculated: Debt 373.6m - CCE 314.8m)
Enterprise Value = 3.05b USD (2.99b + Debt 373.6m - CCE 314.8m)
Interest Coverage Ratio = 6.10 (Ebit TTM 97.1m / Interest Expense TTM 15.9m)
EV/FCF = 24.17x (Enterprise Value 3.05b / FCF TTM 126.1m)
FCF Yield = 4.14% (FCF TTM 126.1m / Enterprise Value 3.05b)
FCF Margin = 4.48% (FCF TTM 126.1m / Revenue TTM 2.82b)
Net Margin = 1.89% (Net Income TTM 53.1m / Revenue TTM 2.82b)
Gross Margin = 10.23% ((Revenue TTM 2.82b - Cost of Revenue TTM 2.53b) / Revenue TTM)
Gross Margin QoQ = 10.37% (prev 10.24%)
Tobins Q-Ratio = 1.38 (Enterprise Value 3.05b / Total Assets 2.21b)
Interest Expense / Debt = 4.26% (Interest Expense 15.9m / Debt 373.6m)
Taxrate = 36.49% (30.5m / 83.7m)
NOPAT = 61.7m (EBIT 97.1m * (1 - 36.49%))
Current Ratio = 1.99 (Total Current Assets 1.58b / Total Current Liabilities 795.3m)
Debt / Equity = 0.33 (Debt 373.6m / totalStockholderEquity, last quarter 1.12b)
Debt / EBITDA = 0.41 (Net Debt 58.8m / EBITDA 144.9m)
Debt / FCF = 0.47 (Net Debt 58.8m / FCF TTM 126.1m)
Total Stockholder Equity = 1.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.50% (Net Income 53.1m / Total Assets 2.21b)
RoE = 4.81% (Net Income TTM 53.1m / Total Stockholder Equity 1.11b)
RoCE = 7.57% (EBIT 97.1m / Capital Employed (Equity 1.11b + L.T.Debt 177.2m))
RoIC = 4.81% (NOPAT 61.7m / Invested Capital 1.28b)
WACC = 10.58% (E(2.99b)/V(3.36b) * Re(11.56%) + D(373.6m)/V(3.36b) * Rd(4.26%) * (1-Tc(0.36)))
Discount Rate = 11.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -60.74 | Cagr: -0.07%
[DCF] Terminal Value 71.12% ; FCFF base≈107.0m ; Y1≈122.7m ; Y5≈180.5m
[DCF] Fair Price = 52.62 (EV 1.95b - Net Debt 58.8m = Equity 1.89b / Shares 35.9m; r=10.58% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 96.08 | EPS CAGR: 6.87% | SUE: -4.0 | # QB: -1
Revenue Correlation: -52.02 | Revenue CAGR: -2.14% | SUE: 2.91 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.79 | Chg30d=+0.00% | Revisions=+50% | Analysts=3
EPS current Year (2026-12-31): EPS=2.94 | Chg30d=+0.00% | Revisions=+50% | GrowthEPS=+22.6% | GrowthRev=+12.9%
EPS next Year (2027-12-31): EPS=3.31 | Chg30d=+0.00% | Revisions=+50% | GrowthEPS=+12.3% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +75% (up=9, down=0)