Bel Fuse Inc. (BELFB) vs Benchmark Electronics, Inc. (BHE)

Bel Fuse Inc. and Benchmark Electronics, Inc. are both Electronic Components companies. Bel Fuse Inc. is the larger, with a market value of $3.5B against $3.0B — 1.2× the size. Benchmark Electronics, Inc. trades at the lower P/E: 55.8× against 61.0×. Bel Fuse Inc. grew revenue faster over the last twelve months: 25.3% against 8.87%. Bel Fuse Inc. has the higher net margin (7.21% vs 1.89%) and the higher return on invested capital (12.3% vs 6.11%). Both pay a dividend; Benchmark Electronics, Inc. yields more (2.24% vs 0.40%). Across the 23 metrics below, Bel Fuse Inc. leads on 13 and Benchmark Electronics, Inc. on 10.

Valuation

Metric BELFB BHE Electronic Components median
P/E 61.04 55.76 39.06
P/S 4.62 1.05 3.22
P/B 3.78 2.65 3.30
Price to free cash flow 45.05 23.80 26.65
EV/EBITDA 22.73 19.69 19.69
EV/Sales 4.49 1.00 3.53
Earnings yield 1.64% 1.79% 1.34%
Free cash flow yield 2.22% 4.20% 0.40%

Profitability

Metric BELFB BHE Electronic Components median
Gross margin 39.52% 10.28% 33.21%
Operating margin 15.88% 3.40% 3.53%
Net margin 7.21% 1.89% 2.57%
Free cash flow margin 10.25% 4.42% 0.20%
Return on equity 8.17% 4.78% 2.60%
Return on assets 4.85% 2.50% 2.50%
Return on invested capital 12.25% 6.11% 2.28%

Growth

Metric BELFB BHE Electronic Components median
Revenue growth (TTM) 25.26% 8.87% 12.01%
EPS growth (last fiscal year) 49.70% (60.47%) —
Revenue growth, 5-year CAGR 7.72% 5.31% 7.19%
Net income growth, 5-year CAGR 36.90% 12.07% 0.00%

Health

Metric BELFB BHE Electronic Components median
Debt to equity 0.00 0.16 0.16
Current ratio 4.48 1.99 2.41
Net debt to EBITDA 1.00 (0.90) 0.32

Dividend

Metric BELFB BHE Electronic Components median
Dividend yield 0.40% 2.24% 1.18%
Payout ratio 0.05 0.35 0.00

Size

Metric BELFB BHE Electronic Components median
Market cap 3.52b 2.95b 780.25m

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