8.31 USD
+0.14 (+1.71%)
8.4 USD
+0.09 (+1.08%)
Overall HIMX gets a fundamental rating of 4 out of 10. We evaluated HIMX against 113 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 has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year HIMX was profitable.
In the past year HIMX had a positive cash flow from operations.
Each year in the past 5 years HIMX has been profitable.
HIMX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HIMX has a better Return On Assets (3.69%) than 62.83% of its industry peers.
HIMX has a Return On Equity of 7.15%. This is in the better half of the industry: HIMX outperforms 65.49% of its industry peers.
HIMX has a Return On Invested Capital (3.20%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for HIMX is below the industry average of 10.75%.
| 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 has a Profit Margin of 7.23%. This is in the better half 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.
Looking at the Gross Margin, with a value of 30.58%, HIMX is doing worse than 69.91% of the companies in the same industry.
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.
HIMX has a worse debt/assets ratio than last year.
2.2 Solvency
HIMX has an Altman-Z score of 2.53. 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 2.53, HIMX is not doing good in the industry: 62.83% 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.
HIMX has a Debt to FCF ratio (4.32) which is in line with its industry peers.
HIMX has a Debt/Equity ratio of 0.68. This is a neutral value indicating HIMX is somewhat dependend on debt financing.
HIMX's Debt to Equity ratio of 0.68 is on the low side compared to the rest of the industry. HIMX is outperformed by 73.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.53 |
ROIC/WACC0.34
WACC9.45%
2.3 Liquidity
HIMX has a Current Ratio of 1.60. This is a normal value and indicates that HIMX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.60, HIMX is doing worse than 82.30% of the companies in the same industry.
A Quick Ratio of 1.42 indicates that HIMX should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.42, HIMX is not doing good in the industry: 76.11% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.42 |
3. Growth
3.1 Past
The earnings per share for HIMX have decreased strongly by -20.71% in the last year.
HIMX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -44.43% yearly.
The Revenue has decreased by -3.45% in the past year.
HIMX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.18% yearly.
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
The Earnings Per Share is expected to grow by 9.15% on average over the next years. This is quite good.
The Revenue is expected to decrease by -0.16% on average over the next years.
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.08, which indicates a rather expensive current valuation of HIMX.
Based on the Price/Earnings ratio, HIMX is valued cheaper than 87.61% of the companies in the same industry.
When comparing the Price/Earnings ratio of HIMX to the average of the S&P500 Index (27.25), we can say HIMX is valued inline with the index average.
With a Price/Forward Earnings ratio of 17.01, HIMX is valued on the expensive side.
90.27% of the companies in the same industry are more expensive than HIMX, based on the Price/Forward Earnings ratio.
HIMX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.08 | ||
| Fwd PE | 17.01 |
4.2 Price Multiples
HIMX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. HIMX is cheaper than 84.96% of the companies in the same industry.
HIMX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HIMX is cheaper than 97.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.48 | ||
| EV/EBITDA | 14.3 |
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 0.53. HIMX pays more dividend than 96.46% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, 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.
The dividend of HIMX decreased 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%
8.31
+0.14 (+1.71%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners19.61%
Inst Owner Change0%
Ins Owners31.03%
Ins Owner ChangeN/A
Market Cap1.45B
Revenue(TTM)866.32M
Net Income(TTM)62.60M
Analysts83.64
Price Target9.33 (12.27%)
Short Float %6.75%
Short Ratio3.93
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-DateN/A
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)0%
PT rev (3m)-1.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-58.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.08 | ||
| Fwd PE | 17.01 | ||
| P/S | 1.68 | ||
| P/FCF | 10.48 | ||
| P/OCF | 9.19 | ||
| P/B | 1.66 | ||
| P/tB | 1.72 | ||
| EV/EBITDA | 14.3 |
EPS(TTM)0.36
EY4.33%
EPS(NY)0.49
Fwd EY5.88%
FCF(TTM)0.79
FCFY9.54%
OCF(TTM)0.9
OCFY10.89%
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 | 2.53 |
F-Score6
WACC9.45%
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 for 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.
How financially healthy is HIMAX TECHNOLOGIES INC-ADR?
The financial health rating of HIMAX TECHNOLOGIES INC-ADR (HIMX) is 3 / 10.
Can you provide the dividend sustainability for HIMX stock?
The dividend rating of HIMAX TECHNOLOGIES INC-ADR (HIMX) is 5 / 10 and the dividend payout ratio is 104.08%.