8.17 USD
-0.09 (-1.09%)
8.18 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. 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 on the other hand it scores bad on growth.
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.
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.
Looking at the Return On Equity, with a value of 7.15%, HIMX is in the better half of the industry, outperforming 65.49% of the companies in the same industry.
With a Return On Invested Capital value of 3.20%, HIMX perfoms like the industry average, 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 10.75%.
| 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 better Profit Margin (7.23%) than 61.95% of its industry peers.
In the last couple of years the Profit Margin of HIMX has declined.
HIMX has a Operating Margin (6.96%) which is in line with 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
HIMX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, HIMX has about the same amount of shares outstanding.
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.
HIMX's Altman-Z score of 2.54 is on the low side compared to the rest of the industry. HIMX is outperformed by 61.95% of its industry peers.
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.
HIMX has a Debt/Equity ratio of 0.68. This is a neutral value indicating HIMX is somewhat dependend on debt financing.
HIMX has a worse Debt to Equity ratio (0.68) than 73.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.54 |
ROIC/WACC0.34
WACC9.54%
2.3 Liquidity
A Current Ratio of 1.60 indicates that HIMX should not have too much problems paying its short term obligations.
HIMX has a worse Current ratio (1.60) than 82.30% of its industry peers.
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.
The Quick ratio of HIMX (1.42) is worse than 76.11% of its industry peers.
| 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.
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.
HIMX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.16% yearly.
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
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 22.69, the valuation of HIMX can be described as rather expensive.
Based on the Price/Earnings ratio, HIMX is valued cheaply inside the industry as 86.73% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.19. HIMX is around the same levels.
A Price/Forward Earnings ratio of 16.72 indicates a correct valuation of HIMX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HIMX indicates a rather cheap valuation: HIMX is cheaper than 90.27% of the companies listed in the same industry.
HIMX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.69 | ||
| Fwd PE | 16.72 |
4.2 Price Multiples
84.96% of the companies in the same industry are more expensive than HIMX, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, HIMX is valued cheaply inside the industry as 97.35% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.3 | ||
| 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 4.40%, HIMX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.57, HIMX pays a better dividend. On top of this HIMX pays more dividend than 96.46% of the companies listed in the same industry.
HIMX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
5.2 History
HIMX has been paying a dividend for at least 10 years, so it has 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
HIMX pays out 104.08% of its income as dividend. This is not a sustainable payout ratio.
DP104.08%
EPS Next 2Y3.62%
EPS Next 3Y9.15%
8.17
-0.09 (-1.09%)
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 Cap1.43B
Revenue(TTM)866.32M
Net Income(TTM)62.60M
Analysts83.64
Price Target9.33 (14.2%)
Short Float %6.75%
Short Ratio3.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.4% |
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 | 22.69 | ||
| Fwd PE | 16.72 | ||
| P/S | 1.65 | ||
| P/FCF | 10.3 | ||
| P/OCF | 9.03 | ||
| P/B | 1.63 | ||
| P/tB | 1.69 | ||
| EV/EBITDA | 14.49 |
EPS(TTM)0.36
EY4.41%
EPS(NY)0.49
Fwd EY5.98%
FCF(TTM)0.79
FCFY9.71%
OCF(TTM)0.9
OCFY11.07%
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
WACC9.54%
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%.