7.52 USD
-0.04 (-0.53%)
7.51 USD
-0.01 (-0.13%)
We assign a fundamental rating of 4 out of 10 to HIMX. HIMX was compared to 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 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.
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
Looking at the Return On Assets, with a value of 3.69%, HIMX is in the better half of the industry, outperforming 66.07% of the companies in the same industry.
With a decent Return On Equity value of 7.15%, HIMX is doing good in the industry, outperforming 68.75% of the companies in the same industry.
HIMX has a Return On Invested Capital (3.20%) which is in line with its industry peers.
HIMX had an Average Return On Invested Capital over the past 3 years of 7.00%. This is below the industry average of 10.76%.
| 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 65.18% of its industry peers.
In the last couple of years the Profit Margin of HIMX has declined.
HIMX has a Operating Margin of 6.96%. This is in the better half of the industry: HIMX outperforms 61.61% 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: 70.54% of the companies in the same industry are doing better.
HIMX's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HIMX 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.
HIMX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.45 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 2.45, HIMX perfoms like the industry average, outperforming 41.07% of the companies in the same industry.
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.
With a Debt to FCF ratio value of 4.32, HIMX perfoms like the industry average, outperforming 58.93% of the companies in the same industry.
A Debt/Equity ratio of 0.68 indicates that HIMX is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.68, HIMX is doing worse than 73.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.45 |
ROIC/WACC0.36
WACC8.96%
2.3 Liquidity
A Current Ratio of 1.60 indicates that HIMX should not have too much problems paying its short term obligations.
HIMX's Current ratio of 1.60 is on the low side compared to the rest of the industry. HIMX is outperformed by 82.14% of its industry peers.
A Quick Ratio of 1.42 indicates that HIMX should not have too much problems paying its short term obligations.
HIMX has a Quick ratio of 1.42. This is in the lower half of the industry: HIMX underperforms 75.89% 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.
Looking at the last year, HIMX shows a decrease in Revenue. The Revenue has decreased by -3.45% in the last 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 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.
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
With a Price/Earnings ratio of 20.89, HIMX is valued on the expensive side.
Based on the Price/Earnings ratio, HIMX is valued cheaper than 84.82% of the companies in the same industry.
HIMX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.11.
The Price/Forward Earnings ratio is 12.41, which indicates a correct valuation of HIMX.
Based on the Price/Forward Earnings ratio, HIMX is valued cheaply inside the industry as 95.54% of the companies are valued more expensively.
HIMX is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.89 | ||
| Fwd PE | 12.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HIMX is valued cheaper than 84.82% 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 98.21% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.48 | ||
| EV/EBITDA | 12.89 |
4.3 Compensation for Growth
A more expensive valuation may be justified as HIMX's earnings are expected to grow with 18.91% in the coming years.
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 4.86%, HIMX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.22, HIMX pays a better dividend. On top of this HIMX pays more dividend than 97.32% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, HIMX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.86% |
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 2Y15.4%
EPS Next 3Y18.91%
7.52
-0.04 (-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 Change0.91%
Ins Owners31.06%
Ins Owner ChangeN/A
Market Cap1.32B
Revenue(TTM)866.32M
Net Income(TTM)62.60M
Analysts83.64
Price Target9.33 (24.07%)
Short Float %5.75%
Short Ratio3.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.86% |
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)-58.82%
EPS NQ rev (3m)-58.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.28%
Revenue NQ rev (1m)1.77%
Revenue NQ rev (3m)1.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.89 | ||
| Fwd PE | 12.41 | ||
| P/S | 1.52 | ||
| P/FCF | 9.48 | ||
| P/OCF | 8.31 | ||
| P/B | 1.5 | ||
| P/tB | 1.55 | ||
| EV/EBITDA | 12.89 |
EPS(TTM)0.36
EY4.79%
EPS(NY)0.61
Fwd EY8.06%
FCF(TTM)0.79
FCFY10.54%
OCF(TTM)0.9
OCFY12.03%
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 | 2.45 |
F-Score6
WACC8.96%
ROIC/WACC0.36
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-16.7%
EPS Next 2Y15.4%
EPS Next 3Y18.91%
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-16.68%
Revenue Next 2Y-1.42%
Revenue Next 3Y0.03%
Revenue Next 5YN/A
EBIT growth 1Y-2.07%
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 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 6 / 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 20.89 and the Price/Book (PB) ratio is 1.5.
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.