8.52 USD
+0.09 (+1.07%)
8.52 USD
0 (0%)
Taking everything into account, HIMX scores 4 out of 10 in our fundamental rating. 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 on the other hand it scores bad on growth.
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.
- In the past 5 years HIMX always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of HIMX (3.69%) is better than 62.83% of its industry peers.
- With a decent Return On Equity value of 7.15%, HIMX is doing good in the industry, outperforming 65.49% of the companies in the same industry.
- HIMX has a Return On Invested Capital (3.20%) which is in line with its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for HIMX is below the industry average of 10.78%.
| 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
- With a decent Profit Margin value of 7.23%, HIMX is doing good in the industry, outperforming 61.95% of the companies in the same industry.
- HIMX's Profit Margin has declined in the last couple of years.
- 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.
- 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
- 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.
- 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 2.56. 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.
- The Altman-Z score of HIMX (2.56) is worse than 63.72% 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.
- HIMX has a Debt to FCF ratio of 4.32. This is comparable to the rest of the industry: HIMX outperforms 58.41% of its industry peers.
- A Debt/Equity ratio of 0.68 indicates that 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 | 2.56 |
ROIC/WACC0.33
WACC9.62%
2.3 Liquidity
- A Current Ratio of 1.60 indicates that HIMX should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.60, HIMX is not doing good in the industry: 82.30% of the companies in the same industry are doing better.
- A Quick Ratio of 1.42 indicates that HIMX should not have too much problems paying its short term obligations.
- The Quick ratio of HIMX (1.42) is worse than 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%.
- The earnings per share for HIMX have been decreasing by -44.43% on average. This is quite bad
- 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
- Based on estimates for the next years, HIMX will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.15% on average per year.
- Based on estimates for the next years, HIMX will show a decrease in Revenue. The Revenue will decrease by -0.16% on average per year.
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
- 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
- A Price/Earnings ratio of 23.67 indicates a rather expensive valuation of HIMX.
- 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 28.60.
- A Price/Forward Earnings ratio of 17.44 indicates a rather expensive valuation of HIMX.
- HIMX's Price/Forward Earnings ratio is rather cheap when compared to the industry. HIMX is cheaper than 89.38% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of HIMX to the average of the S&P500 Index (25.83), we can say HIMX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.67 | ||
| Fwd PE | 17.44 |
4.2 Price Multiples
- HIMX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. HIMX is cheaper than 85.84% 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 | 10.74 | ||
| EV/EBITDA | 14.86 |
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
- HIMX has a Yearly Dividend Yield of 4.20%, which is a nice return.
- Compared to an average industry Dividend Yield of 0.49, 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 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
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%
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%.