BHE Valuation

Benchmark Electronics Inc

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38.120

+0.76(2.034%)1D

Overview
Forecast
Valuation
Earnings

BHE Relative Valuation

BHE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BHE is overvalued; if below, it's undervalued.

Historical Valuation

Benchmark Electronics Inc (BHE) is now in the Undervalued zone, suggesting that its current forward PE ratio of 15.35 is considered Undervalued compared with the five-year average of 15.77. The fair price of Benchmark Electronics Inc (BHE) is between 45.30 to 60.68 according to relative valuation methord. Compared to the current price of 38.12 USD , Benchmark Electronics Inc is Undervalued By 15.86%.

Relative Value

Fair Zone

45.30-60.68

Current Price：38.12

15.86%

Undervalued

15.35

Trailing

Forward

0.00

EV/EBITDA

Benchmark Electronics Inc. (BHE) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.33. The thresholds are as follows: Strongly Undervalued below -2.59, Undervalued between -2.59 and -1.13, Fairly Valued between 1.79 and -1.13, Overvalued between 1.79 and 3.24, and Strongly Overvalued above 3.24. The current Forward EV/EBITDA of 0.00 falls within the Historic Trend Line -Fairly Valued range.

10.77

EV/EBIT

Benchmark Electronics Inc. (BHE) has a current EV/EBIT of 10.77. The 5-year average EV/EBIT is 10.89. The thresholds are as follows: Strongly Undervalued below 7.48, Undervalued between 7.48 and 9.18, Fairly Valued between 12.60 and 9.18, Overvalued between 12.60 and 14.31, and Strongly Overvalued above 14.31. The current Forward EV/EBIT of 10.77 falls within the Historic Trend Line -Fairly Valued range.

0.51

Benchmark Electronics Inc. (BHE) has a current PS of 0.51. The 5-year average PS is 0.41. The thresholds are as follows: Strongly Undervalued below 0.20, Undervalued between 0.20 and 0.31, Fairly Valued between 0.52 and 0.31, Overvalued between 0.52 and 0.63, and Strongly Overvalued above 0.63. The current Forward PS of 0.51 falls within the Historic Trend Line -Fairly Valued range.

13.97

P/OCF

Benchmark Electronics Inc. (BHE) has a current P/OCF of 13.97. The 5-year average P/OCF is 9.83. The thresholds are as follows: Strongly Undervalued below -4.49, Undervalued between -4.49 and 2.67, Fairly Valued between 16.99 and 2.67, Overvalued between 16.99 and 24.15, and Strongly Overvalued above 24.15. The current Forward P/OCF of 13.97 falls within the Historic Trend Line -Fairly Valued range.

29.45

P/FCF

Benchmark Electronics Inc. (BHE) has a current P/FCF of 29.45. The 5-year average P/FCF is -52.40. The thresholds are as follows: Strongly Undervalued below -628.16, Undervalued between -628.16 and -340.28, Fairly Valued between 235.48 and -340.28, Overvalued between 235.48 and 523.37, and Strongly Overvalued above 523.37. The current Forward P/FCF of 29.45 falls within the Historic Trend Line -Fairly Valued range.

Benchmark Electronics Inc (BHE) has a current Price-to-Book (P/B) ratio of 1.21. Compared to its 3-year average P/B ratio of 1.11 , the current P/B ratio is approximately 9.46% higher. Relative to its 5-year average P/B ratio of 1.05, the current P/B ratio is about 15.76% higher. Benchmark Electronics Inc (BHE) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -0.56%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -0.54% , the current FCF yield is about -100.00% lower.

1.21

P/B

Median3y

1.11

Median5y

1.05

5.82

FCF Yield

Median3y

-0.56

Median5y

-0.54

Competitors Valuation Multiple

The average P/S ratio for BHE's competitors is , providing a benchmark for relative valuation. Benchmark Electronics Inc Corp (BHE) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -3.54%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

BHE.N

Benchmark Electronics Inc

Veeco Instruments Inc

Kimball Electronics Inc

Loss

-11.55%

691.62M

Performance Decomposition

Market capitalization of BHE decreased by 13.40% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 19.43 to 35.70.

The secondary factor is the Revenue Growth, contributed -3.54%to the performance.

Overall, the performance of BHE in the past 1 year is driven by P/E Change. Which is more unsustainable.

-3.54%

665.90M → 642.34M

Revenue Growth

-93.56%

2.33 → 0.15

Margin Expansion

83.70%

19.43 → 35.70

P/E Change

-13.40%