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Benchmark Electronics Inc (BHE)

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Upturn Advisory Summary
12/26/2025: BHE (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $47.33
1 Year Target Price $47.33
| 1 | Strong Buy |
| 1 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 79.14% | Avg. Invested days 55 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.61B USD | Price to earnings Ratio 44.33 | 1Y Target Price 47.33 |
Price to earnings Ratio 44.33 | 1Y Target Price 47.33 | ||
Volume (30-day avg) 3 | Beta 1.05 | 52 Weeks Range 30.46 - 49.89 | Updated Date 12/28/2025 |
52 Weeks Range 30.46 - 49.89 | Updated Date 12/28/2025 | ||
Dividends yield (FY) 1.52% | Basic EPS (TTM) 1.01 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.43% | Operating Margin (TTM) 3.7% |
Management Effectiveness
Return on Assets (TTM) 2.98% | Return on Equity (TTM) 3.37% |
Valuation
Trailing PE 44.33 | Forward PE - | Enterprise Value 1630131919 | Price to Sales(TTM) 0.62 |
Enterprise Value 1630131919 | Price to Sales(TTM) 0.62 | ||
Enterprise Value to Revenue 0.62 | Enterprise Value to EBITDA 11.74 | Shares Outstanding 35678935 | Shares Floating 34879727 |
Shares Outstanding 35678935 | Shares Floating 34879727 | ||
Percent Insiders 2.11 | Percent Institutions 101.99 |
Upturn AI SWOT
Benchmark Electronics Inc

Company Overview
History and Background
Benchmark Electronics Inc. was founded in 1971. The company has evolved from a component distributor to a leading provider of integrated electronics manufacturing services (EMS). Significant milestones include strategic acquisitions and expansions into new markets and technologies, focusing on complex electronics for various industries.
Core Business Areas
- Electronics Manufacturing Services (EMS): Benchmark provides comprehensive electronics manufacturing services, including design, engineering, manufacturing, and supply chain management for a wide range of electronic products. This encompasses printed circuit board assembly (PCBA), box build, testing, and system integration.
- Advanced Solutions: This segment focuses on developing and manufacturing highly complex and technologically advanced electronic solutions for mission-critical applications, often involving stringent quality and regulatory requirements.
Leadership and Structure
Benchmark Electronics Inc. is led by a management team with extensive experience in the electronics manufacturing industry. The company operates with a divisional structure that aligns with its service offerings and target markets, emphasizing a customer-centric approach.
Top Products and Market Share
Key Offerings
- Printed Circuit Board Assembly (PCBA): Benchmark offers high-quality PCBA services for complex boards used in various industries. Competitors include Plexus Corporation (PLXS), Sanmina Corporation (SANM), and Jabil Inc. (JBL).
- Box Build and System Integration: This service involves assembling and integrating finished electronic products, including enclosure, power supplies, and interconnects. Key competitors are similar to PCBA providers like Plexus, Sanmina, and Jabil.
- Advanced Engineering and Design Services: Benchmark provides design for manufacturability (DFM), design for test (DFT), and product lifecycle management services. Competitors in this niche include specialized design houses and larger EMS providers with engineering capabilities.
Market Dynamics
Industry Overview
The electronics manufacturing services (EMS) industry is characterized by rapid technological advancements, global supply chain complexities, and increasing demand for customized, high-reliability solutions. Key trends include miniaturization, increased connectivity (IoT), and the demand for advanced materials and manufacturing processes.
Positioning
Benchmark Electronics Inc. positions itself as a mid-tier EMS provider with a focus on complex, high-value solutions for demanding industries such as aerospace & defense, medical, and industrial. Its competitive advantages lie in its engineering capabilities, quality control, and established customer relationships.
Total Addressable Market (TAM)
The global EMS market is valued in the hundreds of billions of dollars and is expected to continue growing. Benchmark Electronics Inc. operates within specific segments of this market, focusing on niche areas where its specialized capabilities provide a strong competitive edge. Its positioning is within high-complexity, high-margin segments rather than broad, commoditized manufacturing.
Upturn SWOT Analysis
Strengths
- Strong expertise in complex and high-reliability electronics manufacturing.
- Established customer relationships in niche markets like aerospace, defense, and medical.
- Comprehensive service offering from design to manufacturing and aftermarket support.
- Global manufacturing footprint.
Weaknesses
- Reliance on a few key industries can lead to cyclicality.
- Competition from larger, more diversified EMS providers.
- Potential for margin pressure due to global competition.
- Need for continuous investment in advanced technologies.
Opportunities
- Growth in the Internet of Things (IoT) and connected devices.
- Increasing demand for advanced medical devices.
- Reshoring trends and diversification of supply chains.
- Expansion into emerging markets and new technology sectors.
Threats
- Economic downturns affecting customer spending.
- Intensifying competition and price wars.
- Supply chain disruptions and raw material price volatility.
- Rapid technological obsolescence requiring continuous adaptation.
Competitors and Market Share
Key Competitors
- Plexus Corporation (PLXS)
- Sanmina Corporation (SANM)
- Jabil Inc. (JBL)
- Celestica Inc. (CLS)
Competitive Landscape
Benchmark competes in a fragmented EMS market. Its advantages lie in its specialization in complex, regulated industries, while it faces disadvantages in scale compared to larger competitors. Its focus on engineering and quality differentiates it from lower-cost providers.
Growth Trajectory and Initiatives
Historical Growth: Benchmark has demonstrated growth through organic expansion and strategic acquisitions, adapting to market demands and technological shifts. Its growth has been driven by its ability to secure contracts in high-complexity manufacturing. (Note: Specific numerical data requires real-time access to financial statements.)
Future Projections: Analyst projections for Benchmark's future growth are typically based on market trends, industry demand, and the company's strategic initiatives. These projections often consider the growth of its key end markets. (Note: Specific numerical data requires real-time access to analyst reports.)
Recent Initiatives: Recent strategic initiatives may include investments in advanced manufacturing technologies, supply chain optimization, and expansion into new, high-growth market segments.
Summary
Benchmark Electronics Inc. is a specialized EMS provider strong in complex manufacturing for demanding sectors. Its engineering capabilities and customer relationships are key strengths. However, it faces intense competition and potential margin pressure. Continued focus on high-growth markets and technological innovation is crucial for sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations website (for historical information and press releases)
- Financial data aggregators (for general financial metrics)
- Industry analysis reports (for market overview and TAM)
Disclaimers:
This analysis is based on publicly available information and may not be exhaustive. Financial data and market share figures are subject to change and should be verified with official sources. This information is for informational purposes only and does not constitute investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Benchmark Electronics Inc
Exchange NYSE | Headquaters Tempe, AZ, United States | ||
IPO Launch date 1990-06-28 | CEO & Director Mr. Jeffrey W. Benck | ||
Sector Technology | Industry Electronic Components | Full time employees 11700 | Website https://www.bench.com |
Full time employees 11700 | Website https://www.bench.com | ||
Benchmark Electronics, Inc., together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides design and engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom test and automation equipment design services. It also offers electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; manufacturing defect analysis, in-circuit testing, functional testing, and life cycle testing services, as well as environmental stress tests of assemblies of boards or systems; and failure analysis. In addition, the company provides precision machining and electromechanical assembly services; and subsystem and system integration services, including assembly, configuration, and testing for various industries. Further, it provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product's life cycle. The company serves original equipment manufacturers in the semi-conductor capital equipment, industrial, medical, aerospace and defense, and advanced computing and communications industries. It markets its services and solutions primarily through a direct sales force. The company was formerly known as Electronics, Inc. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.

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