Benchmark Electronics, Inc. (BHE) vs Ouster, Inc. (OUST)

Benchmark Electronics, Inc. and Ouster, Inc. are both Electronic Components companies. Benchmark Electronics, Inc. and Ouster, Inc. are of similar size ($3.1B and $3.0B). Ouster, Inc. has negative trailing earnings, so its P/E is not meaningful; Benchmark Electronics, Inc. trades at 55.8×. Ouster, Inc. grew revenue faster over the last twelve months: 62.8% against 8.87%. Benchmark Electronics, Inc. has the higher net margin (1.89% vs −26.0%) and the higher return on invested capital (6.11% vs −35.6%). Across the 19 metrics below, Benchmark Electronics, Inc. leads on 13 and Ouster, Inc. on 6.

Valuation

Metric BHE OUST Electronic Components median
P/E 55.76 n/m 39.06
P/S 1.05 14.08 3.22
P/B 2.65 7.77 3.30
Price to free cash flow 23.80 n/m 26.65
EV/EBITDA 19.69 n/m 19.69
EV/Sales 1.00 13.02 3.53
Earnings yield 1.79% (1.94%) 1.34%
Free cash flow yield 4.20% (2.86%) 0.40%

Profitability

Metric BHE OUST Electronic Components median
Gross margin 10.28% 49.60% 33.21%
Operating margin 3.40% (30.55%) 3.53%
Net margin 1.89% (26.02%) 2.57%
Free cash flow margin 4.42% (40.25%) 0.20%
Return on equity 4.78% (18.01%) 2.60%
Return on assets 2.50% (13.39%) 2.50%
Return on invested capital 6.11% (35.61%) 2.28%

Growth

Metric BHE OUST Electronic Components median
Revenue growth (TTM) 8.87% 62.82% 12.01%
EPS growth (last fiscal year) (60.47%) 48.56% —
Revenue growth, 5-year CAGR 5.31% 38.22% 7.19%
Net income growth, 5-year CAGR 12.07% 0.00% 0.00%

Health

Metric BHE OUST Electronic Components median
Debt to equity 0.16 0.00 0.16
Current ratio 1.99 4.16 2.41
Net debt to EBITDA (0.90) 3.26 0.32

Dividend

Metric BHE OUST Electronic Components median
Dividend yield 2.24% — 1.18%
Payout ratio 0.35 0.00 0.00

Size

Metric BHE OUST Electronic Components median
Market cap 2.95b 3.05b 780.25m

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