Benchmark Electronics, Inc. (BHE) vs CTS Corporation (CTS)

Benchmark Electronics, Inc. and CTS Corporation are both Electronic Components companies. Benchmark Electronics, Inc. is the larger, with a market value of $3.0B against $1.7B — 1.7× the size. CTS Corporation trades at the lower P/E: 24.6× against 55.8×. Benchmark Electronics, Inc. grew revenue faster over the last twelve months: 8.87% against 8.53%. CTS Corporation has the higher net margin (12.4% vs 1.89%) and the higher return on invested capital (11.1% vs 6.11%). Both pay a dividend; Benchmark Electronics, Inc. yields more (2.24% vs 0.36%). Across the 23 metrics below, CTS Corporation leads on 16 and Benchmark Electronics, Inc. on 7.

Valuation

Metric BHE CTS Electronic Components median
P/E 55.76 24.63 39.06
P/S 1.05 3.02 3.22
P/B 2.65 2.97 3.30
Price to free cash flow 23.80 18.64 26.65
EV/EBITDA 19.69 12.95 19.69
EV/Sales 1.00 2.93 3.53
Earnings yield 1.79% 4.06% 1.34%
Free cash flow yield 4.20% 5.37% 0.40%

Profitability

Metric BHE CTS Electronic Components median
Gross margin 10.28% 39.71% 33.21%
Operating margin 3.40% 16.38% 3.53%
Net margin 1.89% 12.37% 2.57%
Free cash flow margin 4.42% 16.20% 0.20%
Return on equity 4.78% 12.43% 2.60%
Return on assets 2.50% 8.85% 2.50%
Return on invested capital 6.11% 11.10% 2.28%

Growth

Metric BHE CTS Electronic Components median
Revenue growth (TTM) 8.87% 8.53% 12.01%
EPS growth (last fiscal year) (60.47%) 15.87% —
Revenue growth, 5-year CAGR 5.31% 5.00% 7.19%
Net income growth, 5-year CAGR 12.07% 13.49% 0.00%

Health

Metric BHE CTS Electronic Components median
Debt to equity 0.16 0.10 0.16
Current ratio 1.99 2.61 2.41
Net debt to EBITDA (0.90) (0.21) 0.32

Dividend

Metric BHE CTS Electronic Components median
Dividend yield 2.24% 0.36% 1.18%
Payout ratio 0.35 0.09 0.00

Size

Metric BHE CTS Electronic Components median
Market cap 2.95b 1.70b 780.25m

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