8.35 USD
+0.09 (+1.09%)
8.35 USD
0 (0%)
HIMX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 113 industry peers in the Semiconductors & Semiconductor Equipment industry. While HIMX is still in line with the averages on profitability rating, there are concerns on its financial health. HIMX has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
HIMX had positive earnings in the past year.
In the past year HIMX had a positive cash flow from operations.
In the past 5 years HIMX has always been profitable.
Each year in the past 5 years HIMX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of HIMX (3.69%) is better than 62.83% of its industry peers.
HIMX's Return On Equity of 7.15% is fine compared to the rest of the industry. HIMX outperforms 65.49% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.20%, HIMX is in line with its industry, outperforming 55.75% of the companies in the same industry.
HIMX had an Average Return On Invested Capital over the past 3 years of 7.00%. This is below the industry average of 10.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.69% | ||
| ROE | 7.15% | ||
| ROIC | 3.2% |
ROA(3y)7.29%
ROA(5y)10.86%
ROE(3y)13.81%
ROE(5y)20.29%
ROIC(3y)7%
ROIC(5y)13.05%
1.3 Margins
HIMX's Profit Margin of 7.23% is fine compared to the rest of the industry. HIMX outperforms 61.95% of its industry peers.
In the last couple of years the Profit Margin of HIMX has declined.
HIMX's Operating Margin of 6.96% is in line compared to the rest of the industry. HIMX outperforms 59.29% of its industry peers.
In the last couple of years the Operating Margin of HIMX has declined.
With a Gross Margin value of 30.58%, HIMX is not doing good in the industry: 69.91% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of HIMX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.96% | ||
| PM (TTM) | 7.23% | ||
| GM | 30.58% |
OM growth 3Y-40.23%
OM growth 5YN/A
PM growth 3Y-32.22%
PM growth 5YN/A
GM growth 3Y-14.3%
GM growth 5Y8.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HIMX is destroying value.
The number of shares outstanding for HIMX remains at a similar level compared to 1 year ago.
The number of shares outstanding for HIMX has been increased compared to 5 years ago.
Compared to 1 year ago, HIMX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.54 indicates that HIMX is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.54, HIMX is not doing good in the industry: 61.95% of the companies in the same industry are doing better.
HIMX has a debt to FCF ratio of 4.32. This is a neutral value as HIMX would need 4.32 years to pay back of all of its debts.
The Debt to FCF ratio of HIMX (4.32) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.68 indicates that HIMX is somewhat dependend on debt financing.
HIMX has a worse Debt to Equity ratio (0.68) than 74.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.54 |
ROIC/WACC0.34
WACC9.38%
2.3 Liquidity
A Current Ratio of 1.60 indicates that HIMX should not have too much problems paying its short term obligations.
With a Current ratio value of 1.60, HIMX is not doing good in the industry: 82.30% of the companies in the same industry are doing better.
A Quick Ratio of 1.42 indicates that HIMX should not have too much problems paying its short term obligations.
HIMX has a worse Quick ratio (1.42) than 76.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.42 |
3. Growth
3.1 Past
HIMX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.71%.
Measured over the past years, HIMX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -44.43% on average per year.
The Revenue has decreased by -3.45% in the past year.
The Revenue has been growing slightly by 6.18% on average over the past years.
EPS 1Y (TTM)-20.71%
EPS 3Y-44.43%
EPS 5YN/A
EPS Q2Q%-91.89%
Revenue 1Y (TTM)-3.45%
Revenue growth 3Y-16.31%
Revenue growth 5Y6.18%
Sales Q2Q%-10.45%
3.2 Future
HIMX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.15% yearly.
Based on estimates for the next years, HIMX will show a decrease in Revenue. The Revenue will decrease by -0.16% on average per year.
EPS Next Y-27.91%
EPS Next 2Y3.62%
EPS Next 3Y9.15%
EPS Next 5YN/A
Revenue Next Year-16.67%
Revenue Next 2Y-4.27%
Revenue Next 3Y-0.16%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 23.19, the valuation of HIMX can be described as rather expensive.
83.19% of the companies in the same industry are more expensive than HIMX, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.57, HIMX is valued at the same level.
HIMX is valuated rather expensively with a Price/Forward Earnings ratio of 17.09.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HIMX indicates a rather cheap valuation: HIMX is cheaper than 89.38% of the companies listed in the same industry.
HIMX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.19 | ||
| Fwd PE | 17.09 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HIMX is valued cheaper than 81.42% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HIMX indicates a rather cheap valuation: HIMX is cheaper than 97.35% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.53 | ||
| EV/EBITDA | 14.49 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.62%
EPS Next 3Y9.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.36%, HIMX is a good candidate for dividend investing.
HIMX's Dividend Yield is rather good when compared to the industry average which is at 0.56. HIMX pays more dividend than 97.35% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.88, HIMX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
5.2 History
HIMX has paid a dividend for at least 10 years, which is a reliable track record.
HIMX has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
104.08% of the earnings are spent on dividend by HIMX. This is not a sustainable payout ratio.
DP104.08%
EPS Next 2Y3.62%
EPS Next 3Y9.15%
8.35
+0.09 (+1.09%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners19.65%
Inst Owner Change1.01%
Ins Owners31.03%
Ins Owner ChangeN/A
Market Cap1.46B
Revenue(TTM)866.32M
Net Income(TTM)62.60M
Analysts83.64
Price Target9.33 (11.74%)
Short Float %6.21%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
Yearly Dividend0.15
Dividend Growth(5Y)N/A
DP104.08%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-46.08%
Min EPS beat(2)-85.29%
Max EPS beat(2)-6.86%
EPS beat(4)2
Avg EPS beat(4)-10.54%
Min EPS beat(4)-85.29%
Max EPS beat(4)38.24%
EPS beat(8)6
Avg EPS beat(8)19.99%
EPS beat(12)9
Avg EPS beat(12)18.53%
EPS beat(16)11
Avg EPS beat(16)14.05%
Revenue beat(2)1
Avg Revenue beat(2)2.26%
Min Revenue beat(2)-1.13%
Max Revenue beat(2)5.64%
Revenue beat(4)2
Avg Revenue beat(4)2.37%
Min Revenue beat(4)-1.13%
Max Revenue beat(4)5.64%
Revenue beat(8)6
Avg Revenue beat(8)2.36%
Revenue beat(12)9
Avg Revenue beat(12)2.63%
Revenue beat(16)10
Avg Revenue beat(16)1.59%
PT rev (1m)-1.72%
PT rev (3m)-1.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-58.82%
EPS NY rev (1m)-13.46%
EPS NY rev (3m)-21.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.77%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.19 | ||
| Fwd PE | 17.09 | ||
| P/S | 1.69 | ||
| P/FCF | 10.53 | ||
| P/OCF | 9.23 | ||
| P/B | 1.67 | ||
| P/tB | 1.73 | ||
| EV/EBITDA | 14.49 |
EPS(TTM)0.36
EY4.31%
EPS(NY)0.49
Fwd EY5.85%
FCF(TTM)0.79
FCFY9.5%
OCF(TTM)0.9
OCFY10.83%
SpS4.95
BVpS5.01
TBVpS4.84
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.69% | ||
| ROE | 7.15% | ||
| ROCE | 6.56% | ||
| ROIC | 3.2% | ||
| ROICexc | 3.94% | ||
| ROICexgc | 4.03% | ||
| OM | 6.96% | ||
| PM (TTM) | 7.23% | ||
| GM | 30.58% | ||
| FCFM | 16.01% |
ROA(3y)7.29%
ROA(5y)10.86%
ROE(3y)13.81%
ROE(5y)20.29%
ROIC(3y)7%
ROIC(5y)13.05%
ROICexc(3y)8.36%
ROICexc(5y)17.92%
ROICexgc(3y)8.57%
ROICexgc(5y)18.72%
ROCE(3y)12.5%
ROCE(5y)20.45%
ROICexgc growth 3Y-56.95%
ROICexgc growth 5YN/A
ROICexc growth 3Y-56.65%
ROICexc growth 5YN/A
OM growth 3Y-40.23%
OM growth 5YN/A
PM growth 3Y-32.22%
PM growth 5YN/A
GM growth 3Y-14.3%
GM growth 5Y8.21%
F-Score6
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.32 | ||
| Debt/EBITDA | 7.31 | ||
| Cap/Depr | 93.74% | ||
| Cap/Sales | 2.25% | ||
| Interest Coverage | 15.9 | ||
| Cash Conversion | 195.04% | ||
| Profit Quality | 221.56% | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.42 | ||
| Altman-Z | 2.54 |
F-Score6
WACC9.38%
ROIC/WACC0.34
Cap/Depr(3y)77.16%
Cap/Depr(5y)58.81%
Cap/Sales(3y)1.65%
Cap/Sales(5y)1.23%
Profit Quality(3y)138.09%
Profit Quality(5y)141.33%
High Growth Momentum
Growth
EPS 1Y (TTM)-20.71%
EPS 3Y-44.43%
EPS 5YN/A
EPS Q2Q%-91.89%
EPS Next Y-27.91%
EPS Next 2Y3.62%
EPS Next 3Y9.15%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.45%
Revenue growth 3Y-16.31%
Revenue growth 5Y6.18%
Sales Q2Q%-10.45%
Revenue Next Year-16.67%
Revenue Next 2Y-4.27%
Revenue Next 3Y-0.16%
Revenue Next 5YN/A
EBIT growth 1Y-2.07%
EBIT growth 3Y-49.98%
EBIT growth 5YN/A
EBIT Next Year-40.17%
EBIT Next 3Y1.69%
EBIT Next 5YN/A
FCF growth 1Y76.02%
FCF growth 3Y-35.35%
FCF growth 5YN/A
OCF growth 1Y76.58%
OCF growth 3Y-33.16%
OCF growth 5Y72.02%
HIMAX TECHNOLOGIES INC-ADR / HIMX FAQ
What is the ChartMill fundamental rating of HIMAX TECHNOLOGIES INC-ADR (HIMX) stock?
ChartMill assigns a fundamental rating of 4 / 10 to HIMX.
What is the valuation status of HIMAX TECHNOLOGIES INC-ADR (HIMX) stock?
ChartMill assigns a valuation rating of 5 / 10 to HIMAX TECHNOLOGIES INC-ADR (HIMX). This can be considered as Fairly Valued.
What is the profitability of HIMX stock?
HIMAX TECHNOLOGIES INC-ADR (HIMX) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for HIMX stock?
The Price/Earnings (PE) ratio for HIMAX TECHNOLOGIES INC-ADR (HIMX) is 23.19 and the Price/Book (PB) ratio is 1.67.
What is the expected EPS growth for HIMAX TECHNOLOGIES INC-ADR (HIMX) stock?
The Earnings per Share (EPS) of HIMAX TECHNOLOGIES INC-ADR (HIMX) is expected to decline by -27.91% in the next year.