HIMAX TECHNOLOGIES INC-ADR (HIMX) Stock Fundamental Analysis
USA - NASDAQ:HIMX - US43289P1066 - ADR
9.42 USD
+0.05 (+0.53%)
9.42 USD
0 (0%)
HIMX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. HIMX has a medium profitability rating, but doesn't score so well on its financial health evaluation. HIMX is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year HIMX was profitable.
HIMX had a positive operating cash flow in the past year.
Each year in the past 5 years HIMX has 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 (4.34%) is better than 67.86% of its industry peers.
HIMX has a better Return On Equity (8.57%) than 69.64% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.73%, HIMX is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HIMX is below the industry average of 11.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.34% | ||
| ROE | 8.57% | ||
| ROIC | 3.73% |
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 has a better Profit Margin (8.33%) than 66.07% of its industry peers.
HIMX's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 7.52%, HIMX is doing good in the industry, outperforming 62.50% of the companies in the same industry.
In the last couple of years the Operating Margin of HIMX has declined.
HIMX has a Gross Margin of 30.51%. This is in the lower half of the industry: HIMX underperforms 70.54% of its industry peers.
HIMX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.52% | ||
| PM (TTM) | 8.33% | ||
| GM | 30.51% |
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.
Compared to 1 year ago, HIMX has about the same amount of shares outstanding.
Compared to 5 years ago, HIMX has more shares outstanding
The debt/assets ratio for HIMX is higher compared to a year ago.
2.2 Solvency
HIMX has an Altman-Z score of 2.64. This is not the best score and indicates that HIMX is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.64, HIMX is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
The Debt to FCF ratio of HIMX is 4.04, which is a neutral value as it means it would take HIMX, 4.04 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of HIMX (4.04) is better than 61.61% of its industry peers.
HIMX has a Debt/Equity ratio of 0.61. This is a neutral value indicating HIMX is somewhat dependend on debt financing.
HIMX has a Debt to Equity ratio of 0.61. This is in the lower half of the industry: HIMX underperforms 74.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 4.04 | ||
| Altman-Z | 2.64 |
ROIC/WACC0.35
WACC10.56%
2.3 Liquidity
A Current Ratio of 1.54 indicates that HIMX should not have too much problems paying its short term obligations.
With a Current ratio value of 1.54, HIMX is not doing good in the industry: 83.04% of the companies in the same industry are doing better.
A Quick Ratio of 1.37 indicates that HIMX should not have too much problems paying its short term obligations.
The Quick ratio of HIMX (1.37) is worse than 76.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.37 |
3. Growth
3.1 Past
The earnings per share for HIMX have decreased by -3.42% in the last year.
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 -2.61% in the past year.
Measured over the past years, HIMX shows a small growth in Revenue. The Revenue has been growing by 6.18% on average per year.
EPS 1Y (TTM)-3.42%
EPS 3Y-44.43%
EPS 5YN/A
EPS Q2Q%-43.79%
Revenue 1Y (TTM)-2.61%
Revenue growth 3Y-16.31%
Revenue growth 5Y6.18%
Sales Q2Q%-10.36%
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 18.91% yearly.
Based on estimates for the next years, HIMX will show a small growth in Revenue. The Revenue will grow by 0.03% on average per year.
EPS Next Y-16.7%
EPS Next 2Y15.4%
EPS Next 3Y18.91%
EPS Next 5YN/A
Revenue Next Year-16.68%
Revenue Next 2Y-1.42%
Revenue Next 3Y0.03%
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
HIMX is valuated rather expensively with a Price/Earnings ratio of 22.43.
HIMX's Price/Earnings ratio is rather cheap when compared to the industry. HIMX is cheaper than 83.93% of the companies in the same industry.
HIMX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.10, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 15.55 indicates a correct valuation of HIMX.
Based on the Price/Forward Earnings ratio, HIMX is valued cheaper than 92.86% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, HIMX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.43 | ||
| Fwd PE | 15.55 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HIMX indicates a somewhat cheap valuation: HIMX is cheaper than 75.89% of the companies listed in the same industry.
HIMX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HIMX is cheaper than 97.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.4 | ||
| EV/EBITDA | 18.21 |
4.3 Compensation for Growth
HIMX's earnings are expected to grow with 18.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.4%
EPS Next 3Y18.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.02%, HIMX is a good candidate for dividend investing.
HIMX's Dividend Yield is rather good when compared to the industry average which is at 2.18. HIMX pays more dividend than 97.32% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, HIMX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.02% |
5.2 History
HIMX has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of HIMX decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
HIMX pays out 69.26% of its income as dividend. This is not a sustainable payout ratio.
DP69.26%
EPS Next 2Y15.4%
EPS Next 3Y18.91%
9.42
+0.05 (+0.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners19.86%
Inst Owner Change2.12%
Ins Owners31.06%
Ins Owner ChangeN/A
Market Cap1.65B
Revenue(TTM)889.56M
Net Income(TTM)74.14M
Analysts83.64
Price Target9.5 (0.85%)
Short Float %6.36%
Short Ratio3.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.02% |
Yearly Dividend0.15
Dividend Growth(5Y)N/A
DP69.26%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.45%
Min EPS beat(2)-6.86%
Max EPS beat(2)11.76%
EPS beat(4)3
Avg EPS beat(4)46.24%
Min EPS beat(4)-6.86%
Max EPS beat(4)141.83%
EPS beat(8)7
Avg EPS beat(8)36.18%
EPS beat(12)10
Avg EPS beat(12)27.23%
EPS beat(16)11
Avg EPS beat(16)19.22%
Revenue beat(2)0
Avg Revenue beat(2)-0.89%
Min Revenue beat(2)-1.13%
Max Revenue beat(2)-0.65%
Revenue beat(4)2
Avg Revenue beat(4)2.57%
Min Revenue beat(4)-1.13%
Max Revenue beat(4)6.43%
Revenue beat(8)6
Avg Revenue beat(8)1.89%
Revenue beat(12)9
Avg Revenue beat(12)2.63%
Revenue beat(16)9
Avg Revenue beat(16)1.06%
PT rev (1m)0%
PT rev (3m)-6.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-38.46%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.43 | ||
| Fwd PE | 15.55 | ||
| P/S | 1.85 | ||
| P/FCF | 12.4 | ||
| P/OCF | 11.1 | ||
| P/B | 1.91 | ||
| P/tB | 1.97 | ||
| EV/EBITDA | 18.21 |
EPS(TTM)0.42
EY4.46%
EPS(NY)0.61
Fwd EY6.43%
FCF(TTM)0.76
FCFY8.06%
OCF(TTM)0.85
OCFY9.01%
SpS5.09
BVpS4.94
TBVpS4.78
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.34% | ||
| ROE | 8.57% | ||
| ROCE | 7.35% | ||
| ROIC | 3.73% | ||
| ROICexc | 3.81% | ||
| ROICexgc | 3.89% | ||
| OM | 7.52% | ||
| PM (TTM) | 8.33% | ||
| GM | 30.51% | ||
| FCFM | 14.93% |
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-Score5
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 4.04 | ||
| Debt/EBITDA | 5.98 | ||
| Cap/Depr | 71.82% | ||
| Cap/Sales | 1.76% | ||
| Interest Coverage | 17.41 | ||
| Cash Conversion | 167.53% | ||
| Profit Quality | 179.19% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.37 | ||
| Altman-Z | 2.64 |
F-Score5
WACC10.56%
ROIC/WACC0.35
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)-3.42%
EPS 3Y-44.43%
EPS 5YN/A
EPS Q2Q%-43.79%
EPS Next Y-16.7%
EPS Next 2Y15.4%
EPS Next 3Y18.91%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.61%
Revenue growth 3Y-16.31%
Revenue growth 5Y6.18%
Sales Q2Q%-10.36%
Revenue Next Year-16.68%
Revenue Next 2Y-1.42%
Revenue Next 3Y0.03%
Revenue Next 5YN/A
EBIT growth 1Y0.08%
EBIT growth 3Y-49.98%
EBIT growth 5YN/A
EBIT Next Year-37.76%
EBIT Next 3Y-0.84%
EBIT Next 5YN/A
FCF growth 1Y127.49%
FCF growth 3Y-35.35%
FCF growth 5YN/A
OCF growth 1Y112.44%
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 22.43 and the Price/Book (PB) ratio is 1.91.
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 -16.7% in the next year.