(BHE) Benchmark Electronics - Ratings and Ratios

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

Design, Engineering, Manufacturing, Testing, Integration

Electronic Manufacturing Services
Market Cap in USD: 1,618m

IPO / Inception: 1990-06-28
12m vs SPY: -16.9%

EPS (Earnings per Share)

EPS CAGR: -44.10%
EPS Trend: -21.6%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 1.95%
Rev. Trend: -35.3%

Last SUE: 1.29
Qual. Beats: 1

Dividends

Dividend Yield	1.73%
Yield on Cost 5y	2.63%
Yield CAGR 5y	0.94%
Payout Consistency	98.9%
Payout Ratio	29.6%

Risk via 5d forecast
Volatility	34.5%
Value at Risk 5%th	50.1%
Relative Tail Risk	-11.58%

Reward TTM
Sharpe Ratio	0.08
Alpha	-24.35
CAGR/Max DD	0.51

Character TTM
Hurst Exponent	0.372
Beta	1.281
Beta Downside	1.150

Drawdowns 3y
Max DD	36.73%
Mean DD	13.96%
Median DD	12.76%

Description: BHE Benchmark Electronics November 13, 2025

Benchmark Electronics Inc. (NYSE:BHE) delivers end-to-end product design, engineering, and manufacturing services across the Americas, Asia, and Europe, targeting OEMs in semiconductor capital equipment, industrial, medical, aerospace & defense, and advanced computing & communications.

Its core capabilities span new-product design, prototype testing, custom test and automation equipment, PCB assembly, functional and environmental stress testing, failure analysis, precision machining, electromechanical assembly, and full system integration, complemented by supply-chain management, aftermarket repair, refurbishment, and spare-parts services throughout a product’s lifecycle.

Key recent metrics (FY 2023) include revenue of roughly $1.1 billion, an operating margin of 4.2 %, and a backlog of $750 million, reflecting strong demand from aerospace & defense and semiconductor equipment sectors.

Sector drivers that materially affect BHE’s outlook are the ongoing global semiconductor equipment spend (projected CAGR ≈ 6 % through 2027) and rising U.S. defense budgets, which together underpin growth in high-mix, low-volume manufacturing contracts.

For a deeper quantitative assessment, you may find the ValueRay platform’s detailed financial models useful.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (37.3m TTM) > 0 and > 6% of Revenue (6% = 156.7m TTM)

FCFTA 0.04 (>2.0%) and ΔFCFTA -7.78pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 31.26% (prev 32.32%; Δ -1.06pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.05 (>3.0%) and CFO 111.2m > Net Income 37.3m (YES >=105%, WARN >=100%)

Net Debt (32.8m) to EBITDA (138.8m) ratio: 0.24 <= 3.0 (WARN <= 3.5)

Current Ratio 2.32 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (36.2m) change vs 12m ago -1.22% (target <= -2.0% for YES)

Gross Margin 10.08% (prev 10.15%; Δ -0.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 123.9% (prev 125.2%; Δ -1.32pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.12 (EBITDA TTM 138.8m / Interest Expense TTM 22.2m) >= 6 (WARN >= 3)

Altman Z'' 4.42

(A) 0.39 = (Total Current Assets 1.44b - Total Current Liabilities 618.9m) / Total Assets 2.07b

(B) 0.28 = Retained Earnings (Balance) 577.6m / Total Assets 2.07b

(D) 0.60 = Book Value of Equity 574.0m / Total Liabilities 958.1m

Total Rating: 4.42 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 48.04

1. Piotroski 4.0pt

2. FCF Yield 4.54%

3. FCF Margin 2.87%

4. Debt/Equity 0.29

5. Debt/Ebitda 0.24

6. ROIC - WACC (= -4.33)%

7. RoE 3.36%

8. Rev. Trend -35.32%

9. EPS Trend -21.62%

What is the price of BHE shares?

As of January 12, 2026, the stock is trading at USD 45.05 with a total of 108,433 shares traded.
Over the past week, the price has changed by +1.81%, over one month by -8.00%, over three months by +22.17% and over the past year by +0.43%.

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	47.3	5.1%
Analysts Target Price	47.3	5.1%
ValueRay Target Price	50.4	11.8%

BHE Fundamental Data Overview January 12, 2026

P/E Trailing = 44.604
P/S = 0.6194
P/B = 1.449
P/EG = 1.91
Beta = 1.041
Revenue TTM = 2.61b USD
EBIT TTM = 91.7m USD
EBITDA TTM = 138.8m USD
Long Term Debt = 212.6m USD (from longTermDebt, last quarter)
Short Term Debt = 3.78m USD (from shortTermDebt, last quarter)
Debt = 318.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 32.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.65b USD (1.62b + Debt 318.2m - CCE 285.4m)
Interest Coverage Ratio = 4.12 (Ebit TTM 91.7m / Interest Expense TTM 22.2m)
EV/FCF = 22.03x (Enterprise Value 1.65b / FCF TTM 74.9m)
FCF Yield = 4.54% (FCF TTM 74.9m / Enterprise Value 1.65b)
FCF Margin = 2.87% (FCF TTM 74.9m / Revenue TTM 2.61b)
Net Margin = 1.43% (Net Income TTM 37.3m / Revenue TTM 2.61b)
Gross Margin = 10.08% ((Revenue TTM 2.61b - Cost of Revenue TTM 2.35b) / Revenue TTM)
Gross Margin QoQ = 9.89% (prev 10.08%)
Tobins Q-Ratio = 0.80 (Enterprise Value 1.65b / Total Assets 2.07b)
Interest Expense / Debt = 1.39% (Interest Expense 4.42m / Debt 318.2m)
Taxrate = 30.73% (6.33m / 20.6m)
NOPAT = 63.5m (EBIT 91.7m * (1 - 30.73%))
Current Ratio = 2.32 (Total Current Assets 1.44b / Total Current Liabilities 618.9m)
Debt / Equity = 0.29 (Debt 318.2m / totalStockholderEquity, last quarter 1.11b)
Debt / EBITDA = 0.24 (Net Debt 32.8m / EBITDA 138.8m)
Debt / FCF = 0.44 (Net Debt 32.8m / FCF TTM 74.9m)
Total Stockholder Equity = 1.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.77% (Net Income 37.3m / Total Assets 2.07b)
RoE = 3.36% (Net Income TTM 37.3m / Total Stockholder Equity 1.11b)
RoCE = 6.94% (EBIT 91.7m / Capital Employed (Equity 1.11b + L.T.Debt 212.6m))
RoIC = 4.71% (NOPAT 63.5m / Invested Capital 1.35b)
WACC = 9.04% (E(1.62b)/V(1.94b) * Re(10.63%) + D(318.2m)/V(1.94b) * Rd(1.39%) * (1-Tc(0.31)))
Discount Rate = 10.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.31%
[DCF Debug] Terminal Value 65.65% ; FCFF base≈143.0m ; Y1≈93.9m ; Y5≈42.8m
Fair Price DCF = 18.96 (EV 709.3m - Net Debt 32.8m = Equity 676.5m / Shares 35.7m; r=9.04% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -21.62 | EPS CAGR: -44.10% | SUE: -4.0 | # QB: 0
Revenue Correlation: -35.32 | Revenue CAGR: 1.95% | SUE: 1.29 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.55 | Chg30d=-0.038 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=2.49 | Chg30d=-0.053 | Revisions Net=-1 | Growth EPS=+6.6% | Growth Revenue=+4.9%

Additional Sources for BHE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle