Benchmark Electronics Stock Fair Value – Benchmark Electronics Reports Record Profits for Q2 of FY2023
August 25, 2023
☀️Earnings Overview
On July 31, 2023, BENCHMARK ELECTRONICS ($NYSE:BHE) released their earnings results for Q2 of the fiscal year 2023, which ended on June 30, 2023. Total revenue was USD 733.2 million, a slight 0.7% increase from the same period of the previous year, while reported net income decreased by 18.8%, dropping to USD 14.0 million.
Market Price
On Monday, Benchmark Electronics reported record profits for its Q2 of Fiscal Year 2023. Their stock opened at $26.0 and closed at $26.5, up 1.8% from prior closing price of $26.0. Furthermore, Benchmark Electronics’ global presence enabled them to capitalize on the increasing demand for higher technology solutions from customers around the world. Benchmark Electronics is in a strong position going forward and is well-positioned to take advantage of the growth opportunities in the markets it serves.
Moreover, the company has been investing heavily in research and development to further its technological capabilities. These investments are expected to continue to pay off, driving returns for shareholders and helping the company to maintain its competitive advantage. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Benchmark Electronics. More…
| Total Revenues | Net Income | Net Margin |
| 2.95k | 66.4 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Benchmark Electronics. More…
| Operations | Investing | Financing |
| -84.33 | -68.32 | 133.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Benchmark Electronics. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.31k | 1.26k | 29.04 |
Key Ratios Snapshot
Some of the financial key ratios for Benchmark Electronics are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 54.9% | 3.6% |
| FCF Margin | ROE | ROA |
| -5.2% | 6.4% | 2.9% |
Analysis – Benchmark Electronics Stock Fair Value
At GoodWhale, we conducted a financial analysis of BENCHMARK ELECTRONICS. Our proprietary Valuation Line gave us the intrinsic value of BENCHMARK ELECTRONICS’ stock at around $31.4. Therefore, we believe that investors may find BENCHMARK ELECTRONICS’ stock attractive at this time. More…
Peers
The company’s main competitors are TT Electronics PLC, Interlink Electronics Inc, and Cicor Technologies Ltd.
– TT Electronics PLC ($LSE:TTG)
TT Electronics PLC is a global provider of engineered electronics solutions. The company designs, manufactures and markets a range of electronic components and systems used in a variety of applications in the automotive, aerospace, communications, computing, defense, industrial, medical and rail sectors. TT Electronics PLC has a market cap of 251.23M as of 2022, a Return on Equity of 3.65%.
– Interlink Electronics Inc ($NASDAQ:LINK)
Interlink Electronics Inc is a US-based company that provides advanced engineering solutions, including capacitive touch sensors, for a variety of industries. As of 2022, the company had a market cap of 56.86M and a ROE of -1.4%. The company’s products are used in a variety of applications, including automotive, industrial, consumer electronics, and medical devices.
– Cicor Technologies Ltd ($LTS:0QPR)
Cicor Technologies is a leading provider of advanced circuit board technologies and services. The company’s products are used in a wide range of applications, including telecommunications, computing, industrial, and consumer electronics. Cicor Technologies has a market cap of 147.63 million as of 2022 and a return on equity of 6.11%. The company’s products are used in a wide range of applications, including telecommunications, computing, industrial, and consumer electronics.
Summary
Investors in BENCHMARK ELECTRONICS may have mixed feelings after its release of Q2 FY2023 results. While total revenue for the period was up 0.7% compared to the same period last year, reported net income declined 18.8%. This suggests that the company has found challenges in managing costs, leading to lower profits.
Despite this, the positive growth in revenue could still suggest potential for future growth. Investors are advised to monitor future earnings releases and remain aware of any further changes in the company’s financial performance.
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