Overview Dividends

(BHE) Benchmark Electronics - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US08160H1014

Circuit Board, Assembly, Test, Aerospace, Medical

BHE EPS (Earnings per Share)

EPS Growth (3Y CAGR): -66.33%
EPS Trend (3Y Correlation): -65.3%

BHE Revenue

Revenue Growth (3Y CAGR): -6.45%
Revenue Trend (3Y Correlation): -94.4%

Description: BHE Benchmark Electronics

Benchmark Electronics Inc (NYSE:BHE) is a US-based company operating in the Electronic Manufacturing Services (EMS) sub-industry. The EMS industry provides manufacturing services for electronic components and products, such as printed circuit boards, computer systems, and medical devices.

To evaluate BHEs performance, we need to examine key financial metrics. The companys Market Cap stands at $1.42 billion, indicating a relatively modest size compared to industry giants. The Price-to-Earnings (P/E) ratio of 38.08 suggests that investors are willing to pay a premium for BHEs earnings, potentially due to growth expectations. However, the Return on Equity (RoE) of 2.87% is relatively low, indicating that the company may not be generating sufficient profits from shareholder equity.

Key economic drivers for the EMS industry include global demand for electronic devices, technological advancements, and the trend towards outsourcing manufacturing. BHEs revenue is likely influenced by these factors, as well as its own operational efficiency and ability to attract new customers. To improve performance, BHE may focus on optimizing its manufacturing processes, investing in new technologies, and expanding its customer base.

Some relevant KPIs to monitor BHEs performance include revenue growth, gross margin, and operating cash flow. A rising revenue growth rate and stable gross margin would indicate a healthy business, while a strong operating cash flow would suggest that the company is generating sufficient liquidity to invest in growth initiatives or return value to shareholders.

BHE Stock Overview

Market Cap in USD	1,478m
Sub-Industry	Electronic Manufacturing Services
IPO / Inception	1990-06-28

BHE Stock Ratings

Growth Rating	24.1%
Fundamental	39.5%
Dividend Rating	53.1%
Return 12m vs S&P 500	-14.5%
Analyst Rating	4.0 of 5

BHE Dividends

Dividend Yield 12m	1.68%
Yield on Cost 5y	3.89%
Annual Growth 5y	0.92%
Payout Consistency	98.8%
Payout Ratio	30.2%

BHE Growth Ratios

Growth Correlation 3m	61.1%
Growth Correlation 12m	-64.1%
Growth Correlation 5y	67.3%
CAGR 5y	18.46%
CAGR/Max DD 5y	0.50
Sharpe Ratio 12m	-0.68
Alpha	-26.59
Beta	1.564
Volatility	32.34%
Current Volume	158.8k
Average Volume 20d	257.7k
Stop Loss	39.3 (-3.2%)
Signal	-2.42

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (38.4m TTM) > 0 and > 6% of Revenue (6% = 155.3m TTM)

FCFTA 0.04 (>2.0%) and ΔFCFTA -7.00pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 31.09% (prev 31.52%; Δ -0.43pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 113.6m > Net Income 38.4m (YES >=105%, WARN >=100%)

Net Debt (-155.9m) to EBITDA (140.4m) ratio: -1.11 <= 3.0 (WARN <= 3.5)

Current Ratio 2.36 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (36.4m) change vs 12m ago -0.19% (target <= -2.0% for YES)

Gross Margin 10.14% (prev 9.91%; Δ 0.23pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 123.7% (prev 127.7%; Δ -4.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.84 (EBITDA TTM 140.4m / Interest Expense TTM 24.4m) >= 6 (WARN >= 3)

Altman Z'' 4.48

(A) 0.40 = (Total Current Assets 1.40b - Total Current Liabilities 592.1m) / Total Assets 2.03b

(B) 0.28 = Retained Earnings (Balance) 577.2m / Total Assets 2.03b

(D) 0.62 = Book Value of Equity 573.7m / Total Liabilities 924.0m

Total Rating: 4.48 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 39.54

1. Piotroski 4.0pt = -1.0

2. FCF Yield 5.51% = 2.76

3. FCF Margin 3.03% = 0.76

4. Debt/Equity 0.10 = 2.49

5. Debt/Ebitda 1.48 = 1.00

6. ROIC - WACC -5.42% = -6.78

7. RoE 2.87% = 0.24

8. Rev. Trend -94.42% = -4.72

9. Rev. CAGR -6.45% = -1.07

10. EPS Trend -65.33% = -1.63

11. EPS CAGR -66.33% = -2.50

What is the price of BHE shares?

As of September 01, 2025, the stock is trading at USD 40.59 with a total of 158,796 shares traded.
Over the past week, the price has changed by -0.71%, over one month by +5.43%, over three months by +11.84% and over the past year by +1.17%.

Is Benchmark Electronics a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Benchmark Electronics (NYSE:BHE) is currently (September 2025) a stock to sell. It has a ValueRay Fundamental Rating of 39.54 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BHE is around 39.81 USD . This means that BHE is currently overvalued and has a potential downside of -1.92%.

Is BHE a buy, sell or hold?

Benchmark Electronics has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy BHE.

Strong Buy: 1
Buy: 1
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the BHE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	44.7	10.1%
Analysts Target Price	44.7	10.1%
ValueRay Target Price	45.2	11.5%

Last update: 2025-08-28 04:33

BHE Fundamental Data Overview

Market Cap USD = 1.48b (1.48b USD * 1.0 USD.USD)
CCE Cash And Equivalents = 264.6m USD (last quarter)
P/E Trailing = 39.5865
P/S = 0.5711
P/B = 1.3286
P/EG = 1.91
Beta = 1.001
Revenue TTM = 2.59b USD
EBIT TTM = 93.7m USD
EBITDA TTM = 140.4m USD
Long Term Debt = 203.4m USD (from longTermDebt, last quarter)
Short Term Debt = 3.83m USD (from shortTermDebt, last quarter)
Debt = 207.2m USD (Calculated: Short Term 3.83m + Long Term 203.4m)
Net Debt = -155.9m USD (from netDebt column, last quarter)
Enterprise Value = 1.42b USD (1.48b + Debt 207.2m - CCE 264.6m)
Interest Coverage Ratio = 3.84 (Ebit TTM 93.7m / Interest Expense TTM 24.4m)
FCF Yield = 5.51% (FCF TTM 78.3m / Enterprise Value 1.42b)
FCF Margin = 3.03% (FCF TTM 78.3m / Revenue TTM 2.59b)
Net Margin = 1.48% (Net Income TTM 38.4m / Revenue TTM 2.59b)
Gross Margin = 10.14% ((Revenue TTM 2.59b - Cost of Revenue TTM 2.33b) / Revenue TTM)
Tobins Q-Ratio = 2.48 (Enterprise Value 1.42b / Book Value Of Equity 573.7m)
Interest Expense / Debt = 3.06% (Interest Expense 6.35m / Debt 207.2m)
Taxrate = 24.52% (from yearly Income Tax Expense: 20.6m / 83.9m)
NOPAT = 70.7m (EBIT 93.7m * (1 - 24.52%))
Current Ratio = 2.36 (Total Current Assets 1.40b / Total Current Liabilities 592.1m)
Debt / Equity = 0.10 (Debt 207.2m / last Quarter total Stockholder Equity 2.03b)
Debt / EBITDA = 1.48 (Net Debt -155.9m / EBITDA 140.4m)
Debt / FCF = 2.65 (Debt 207.2m / FCF TTM 78.3m)
Total Stockholder Equity = 1.34b (last 4 quarters mean)
RoA = 1.89% (Net Income 38.4m, Total Assets 2.03b )
RoE = 2.87% (Net Income TTM 38.4m / Total Stockholder Equity 1.34b)
RoCE = 6.08% (Ebit 93.7m / (Equity 1.34b + L.T.Debt 203.4m))
RoIC = 5.19% (NOPAT 70.7m / Invested Capital 1.36b)
WACC = 10.62% (E(1.48b)/V(1.69b) * Re(11.78%)) + (D(207.2m)/V(1.69b) * Rd(3.06%) * (1-Tc(0.25)))
Shares Correlation 5-Years: 90.0 | Cagr: 0.71%
Discount Rate = 11.78% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 55.68% ; FCFE base≈140.5m ; Y1≈92.3m ; Y5≈42.2m
Fair Price DCF = 14.19 (DCF Value 509.4m / Shares Outstanding 35.9m; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: -94.42 | Revenue CAGR: -6.45%
Rev Growth-of-Growth: 1.18
EPS Correlation: -65.33 | EPS CAGR: -66.33%
EPS Growth-of-Growth: -87.18

Additional Sources for BHE Stock

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Fund Manager Positions: Dataroma | Stockcircle