This Annual Report on Form 10-K (Report) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as “anticipate,” “believe,” “intend,” “plan,” “project,” “forecast,” “strategy,” “position,” “continue,” “estimate,” “expect,” “may,” “will,” “could,” “predict,” and similar expressions of the negative or other variations thereof. In particular, statements, expressed or implied, concerning the outlook and guidance of Benchmark Electronics, Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.7B | 2.7B | 2.8B | 2.9B | 2.3B |
| Net Income | 25M | 25M | 61M | 69M | 68M | 36M |
| EPS | $0.68 | $0.68 | $1.66 | $1.92 | $1.91 | $0.99 |
| Free Cash Flow | 88M | 88M | 158M | 101M | -221M | -41M |
| ROIC | 2.8% | 4.2% | 6.9% | 8.2% | 7.4% | 5.3% |
| Gross Margin | 10.2% | 10.2% | 10.2% | 9.5% | 8.8% | 9.1% |
| Debt/Equity | 0.29 | 0.29 | 0.35 | 0.31 | 0.32 | 0.13 |
| Dividends/Share | $0.67 | $0.67 | $0.65 | $0.17 | $0.65 | $0.17 |
| Operating Income | 76M | 76M | 109M | 110M | 90M | 53M |
| Operating Margin | 2.9% | 2.9% | 4.1% | 3.9% | 3.1% | 2.4% |
| ROE | 2.3% | 2.3% | 5.6% | 6.5% | 6.8% | 3.6% |
| Shares Outstanding | 37M | 37M | 37M | 36M | 36M | 36M |
BENCHMARK ELECTRONICS INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
BENCHMARK ELECTRONICS INC trades at 93.9x trailing earnings, compared to its 15-year median P/E of 27.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 25.8x vs a median of 11.6x. The company's 5-year average ROIC is 6.4% with a gross margin of 9.6%. Total shareholder yield (dividends + buybacks) is 2.2%. At current prices, the estimated annualized return to fair value is +25.1%.
BENCHMARK ELECTRONICS INC (BHE) has a current P/E ratio of 93.9, compared to its historical median P/E of 27.2. The stock is currently considered Expensive based on its historical valuation range.
BENCHMARK ELECTRONICS INC (BHE) has a 5-year average return on invested capital (ROIC) of 6.4%. This is below average and may indicate limited pricing power.
BENCHMARK ELECTRONICS INC (BHE) has a market capitalization of $2.3B. It is classified as a mid-cap stock.
Yes, BENCHMARK ELECTRONICS INC (BHE) pays a dividend with a trailing twelve-month yield of 1.05%. The company also returns capital through share buybacks, with a buyback yield of 1.15%.
Based on historical P/E analysis, BENCHMARK ELECTRONICS INC (BHE) appears expensive. The current P/E of 93.9 is 245% above its historical median of 27.2. The estimated fair value CAGR (P/E method) is 27.0%.
BENCHMARK ELECTRONICS INC (BHE) operates in the Printed Circuit Boards industry, within the Technology sector.
BENCHMARK ELECTRONICS INC (BHE) reported annual revenue of $2.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
BENCHMARK ELECTRONICS INC (BHE) has a net profit margin of 0.9%. This is a modest margin.
BENCHMARK ELECTRONICS INC (BHE) generated $88 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BENCHMARK ELECTRONICS INC (BHE) has a debt-to-equity ratio of 0.29. This indicates a conservatively financed balance sheet.
BENCHMARK ELECTRONICS INC (BHE) reported earnings per share (EPS) of $0.68 in its most recent fiscal year.
BENCHMARK ELECTRONICS INC (BHE) has a return on equity (ROE) of 2.3%. This indicates moderate shareholder returns.
BENCHMARK ELECTRONICS INC (BHE) has a 5-year average gross margin of 9.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for BENCHMARK ELECTRONICS INC (BHE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BENCHMARK ELECTRONICS INC (BHE) has a book value per share of $30.09, based on its most recent annual SEC filing.