7.35 USD
+0.17 (+2.37%)
7.49 USD
+0.14 (+1.9%)
Taking everything into account, HIMX scores 4 out of 10 in our fundamental rating. 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 on the other hand it scores bad on growth.
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.
Each year in the past 5 years HIMX has been profitable.
Each year in the past 5 years HIMX had a positive operating cash flow.
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.
Looking at the Return On Equity, with a value of 7.15%, HIMX is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
HIMX has a Return On Invested Capital (3.20%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital 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
The Profit Margin of HIMX (7.23%) is better than 65.18% 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 the better half of the industry, outperforming 61.61% of the companies in the same industry.
In the last couple of years the Operating Margin of HIMX has declined.
HIMX has a worse Gross Margin (30.58%) than 70.54% of its industry peers.
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.
HIMX has more shares outstanding than it did 5 years ago.
HIMX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.40 indicates that HIMX is not a great score, but indicates only limited risk for bankruptcy at the moment.
HIMX has a Altman-Z score (2.40) which is in line with 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.
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.
With a Debt to Equity ratio value of 0.68, HIMX is not doing good in the industry: 73.21% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.4 |
ROIC/WACC0.35
WACC9.25%
2.3 Liquidity
A Current Ratio of 1.60 indicates that HIMX should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.60, HIMX is doing worse than 82.14% 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.
HIMX's Quick ratio of 1.42 is on the low side compared to the rest of the industry. HIMX is outperformed by 75.89% 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.
The earnings per share for HIMX have been decreasing by -44.43% on average. This is quite bad
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 18.91% on average over the next years. This is quite good.
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.
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 20.42 indicates a rather expensive valuation of HIMX.
HIMX's Price/Earnings ratio is rather cheap when compared to the industry. HIMX is cheaper than 84.82% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.47. HIMX is around the same levels.
HIMX is valuated correctly with a Price/Forward Earnings ratio of 12.13.
94.64% of the companies in the same industry are more expensive than HIMX, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of HIMX to the average of the S&P500 Index (34.42), we can say HIMX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.42 | ||
| Fwd PE | 12.13 |
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 99.11% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.27 | ||
| EV/EBITDA | 12.16 |
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 5.19%, HIMX is a good candidate for dividend investing.
HIMX's Dividend Yield is rather good when compared to the industry average which is at 2.35. HIMX pays more dividend than 97.32% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, HIMX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
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 2Y15.4%
EPS Next 3Y18.91%
7.35
+0.17 (+2.37%)
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 Cap1.29B
Revenue(TTM)866.32M
Net Income(TTM)62.60M
Analysts83.64
Price Target9.33 (26.94%)
Short Float %5.83%
Short Ratio3.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
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 | 20.42 | ||
| Fwd PE | 12.13 | ||
| P/S | 1.48 | ||
| P/FCF | 9.27 | ||
| P/OCF | 8.13 | ||
| P/B | 1.47 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | 12.16 |
EPS(TTM)0.36
EY4.9%
EPS(NY)0.61
Fwd EY8.24%
FCF(TTM)0.79
FCFY10.79%
OCF(TTM)0.9
OCFY12.31%
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 | 2.4 |
F-Score6
WACC9.25%
ROIC/WACC0.35
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 20.42 and the Price/Book (PB) ratio is 1.47.
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.