Benchmark Electronics Inc. (BHE) exhibits 9.8% gross margins and 7.7% return on invested capital within Technology (Electrical Products), balanced against a 21.3x enterprise multiple and 4.8% implied options volatility.
Sustained 9.8% gross profitability converts into 2.8% operating margin and 7.7% ROIC, outpacing sector cost of capital.
ROIC: 7.7% // GM: 9.8%YoY revenue trajectory of -0.4% paired with 3.42% free cash flow yield supports self-funded R&D and capital return.
REV YOY: -0.4% // FCF YLD: 3.42%Altman Z-Score of 3.90 and Piotroski F-Score of 5/9 indicate low near-term refinancing stress.
ALTMAN Z: 3.90 // F-SCORE: 5/9Trading at 104.1x trailing P/E (96.8x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 104.1x // EV/EBITDA: 21.3xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $72.32 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Electrical Products require continuous execution to defend 0.9% net margins.
NET MARGIN: 0.9% // D/E: 0.45x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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