BENCHMARK ELECTRONICS, INC.

BHE

CIK 0000863436 · Quarterly mode · latest period FY2026 (Q1) (ending 2026-03-31) · sourced from SEC EDGAR

At a glance · FY2026 (Q1)

Revenue
$677M
↑+7.2% +$46Mvs FY2025 (Q1)
Operating Income
$22M
↑+86.0% +$10Mvs FY2025 (Q1)
Net Income
$13M
↑+257.4% +$9Mvs FY2025 (Q1)
Gross Profit
$69M
↑+9.6% +$6Mvs FY2025 (Q1)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Average
57/100
  • Profitability
    0ROIC 2.8% (10% = solid, 20%+ = moat)
  • Liquidity
    89Current Ratio 2.28 (above 1.5 = solid)
  • Leverage
    90D/E 0.19 (under 0.5 = conservative)
  • Efficiency
    82Asset Turnover 1.26x (1.0+ = capital-efficient)
  • Growth
    41Revenue YoY +7.2% (10% = solid, 25%+ = elite)
  • Margin Trend
    42Op Margin 3.2% · trend -0.5pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project BHE's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

8%

Trailing CAGR unavailable; default 8%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$41.87
Total enterprise IV
$1.52B
Diluted shares
0.04B
Terminal PV
$1.10B (72% of total)
Year-5 FCF
$130M
YearProjected FCFDiscounted PV
+1$95M$87M
+2$103M$85M
+3$111M$84M
+4$120M$82M
+5$130M$81M
Terminal$1.77B$1.10B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$48M
investment in PP&E
Dividends paid (TTM)
$37M
cash returned to holders
Stock buybacks (TTM)
$25M
share count reduction
Stock-based comp (TTM)
$18M
non-cash dilution

Balance sheet · 2026-03-31

latest filed snapshot
Total assets
$2.10B
everything owned
Total liabilities
$1000M
everything owed
Stockholders' equity
$1.10B
shareholder claim
Net debt
$-120M
Net cash position ($120M)

Recent performance · 70 quarters

Revenue↑+7.2% +$46M
$677M
Net Income↑+257.4% +$9M
$13M
Free Cash Flow↑+10.3% +$3M
$31M
Operating Margin↑+1.4pts
3.2%

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