Benchmark Electronics, Inc. (BHE) vs Daktronics, Inc. (DAKT)

Benchmark Electronics, Inc. and Daktronics, Inc. are both Electronic Components companies. Benchmark Electronics, Inc. is the larger, with a market value of $2.1B against $925.3M — 2.3× the size. Daktronics, Inc. trades at the lower P/E: 19.5× against 38.3×. Daktronics, Inc. grew revenue faster over the last twelve months: 14.0% against 12.9%. Daktronics, Inc. has the higher net margin (5.66% vs 1.90%) and the higher return on invested capital (17.9% vs 6.46%). Across the 22 metrics below, Daktronics, Inc. leads on 16 and Benchmark Electronics, Inc. on 6.

Valuation

Metric BHE DAKT Electronic Components median
P/E 38.32 19.51 24.82
P/S 0.73 1.09 2.28
P/B 1.90 2.93 2.86
Price to free cash flow 18.82 23.02 22.99
EV/EBITDA 13.30 10.17 14.69
EV/Sales 0.68 0.97 2.38
Earnings yield 2.61% 5.13% 2.68%
Free cash flow yield 5.31% 4.34% 1.70%

Profitability

Metric BHE DAKT Electronic Components median
Gross margin 10.39% 27.57% 32.78%
Operating margin 3.49% 7.32% 4.90%
Net margin 1.90% 5.66% 3.46%
Free cash flow margin 3.86% 4.73% 1.66%
Return on equity 5.01% 16.18% 5.59%
Return on assets 2.56% 8.38% 4.13%
Return on invested capital 6.46% 17.88% 4.66%

Growth

Metric BHE DAKT Electronic Components median
Revenue growth (TTM) 12.90% 14.00% 13.94%
EPS growth (last fiscal year) (60.47%) 538.10% 35.44%
Revenue growth, 5-year CAGR 5.31% 11.71% 6.70%
Net income growth, 5-year CAGR 12.07% 32.95% 7.53%

Health

Metric BHE DAKT Electronic Components median
Debt to equity 0.14 0.17 0.11
Current ratio 1.87 2.17 2.50
Net debt to EBITDA (0.90) (0.95) 0.41

Dividend

Metric BHE DAKT Electronic Components median
Dividend yield 1.14% — 1.10%
Payout ratio 0.44 — 0.28

Size

Metric BHE DAKT Electronic Components median
Market cap 2.12b 925.30m 1.16b

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