8.24 USD
-0.18 (-2.14%)
8.25 USD
+0.01 (+0.12%)
We assign a fundamental rating of 4 out of 10 to HIMX. HIMX was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. There are concerns on the financial health of HIMX while its profitability can be described as average. 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.
- HIMX had a positive operating cash flow in the past year.
- In the past 5 years HIMX has always been profitable.
- In the past 5 years HIMX always reported a positive cash flow from operatings.
1.2 Ratios
- HIMX has a Return On Assets of 3.69%. This is in the better half of the industry: HIMX outperforms 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.
- The Return On Invested Capital of HIMX (3.20%) is comparable to the rest of the industry.
- 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'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.
- Looking at the Operating Margin, with a value of 6.96%, HIMX is in line with its industry, outperforming 59.29% of the companies in the same industry.
- In the last couple of years the Operating Margin of HIMX has declined.
- The Gross Margin of HIMX (30.58%) is worse than 69.91% of its industry peers.
- 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
- HIMX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for HIMX remains at a similar level compared to 1 year ago.
- HIMX has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, HIMX has a worse debt to assets ratio.
2.2 Solvency
- HIMX has an Altman-Z score of 2.54. 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.
- HIMX has a Altman-Z score of 2.54. This is in the lower half of the industry: HIMX underperforms 62.83% of its industry peers.
- The Debt to FCF ratio of HIMX is 4.32, which is a neutral value as it means it would take HIMX, 4.32 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of HIMX (4.32) is comparable to the rest of the industry.
- HIMX has a Debt/Equity ratio of 0.68. This is a neutral value indicating HIMX is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.68, HIMX is not doing good in the industry: 73.45% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.54 |
ROIC/WACC0.33
WACC9.58%
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.
- HIMX has a Quick Ratio of 1.42. This is a normal value and indicates that HIMX is financially healthy and should not expect problems in meeting its short term obligations.
- HIMX's Quick ratio of 1.42 is on the low side compared to the rest of the industry. HIMX is outperformed by 76.99% 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.
- HIMX shows a decrease in Revenue. In the last year, the revenue decreased by -3.45%.
- 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)-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.
- The Revenue is expected to decrease by -0.16% on average over the next years.
EPS Next Y-19.83%
EPS Next 2Y3.62%
EPS Next 3Y9.15%
EPS Next 5YN/A
Revenue Next Year-15.41%
Revenue Next 2Y-4.27%
Revenue Next 3Y-0.16%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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 22.89, the valuation of HIMX can be described as rather expensive.
- Based on the Price/Earnings ratio, HIMX is valued cheaper than 88.50% of the companies in the same industry.
- HIMX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.25.
- Based on the Price/Forward Earnings ratio of 16.87, the valuation of HIMX can be described as correct.
- Based on the Price/Forward Earnings ratio, HIMX is valued cheaper than 89.38% of the companies in the same industry.
- HIMX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.89 | ||
| Fwd PE | 16.87 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HIMX indicates a rather cheap valuation: HIMX is cheaper than 85.84% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, HIMX is valued cheaper than 96.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.39 | ||
| EV/EBITDA | 14.45 |
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 4.20%, HIMX is a good candidate for dividend investing.
- HIMX's Dividend Yield is rather good when compared to the industry average which is at 0.49. HIMX pays more dividend than 96.46% of the companies in the same industry.
- HIMX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
5.2 History
- HIMX has been paying a dividend for at least 10 years, so it has 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%
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%.