9.07 USD
+0.84 (+10.21%)
9.14 USD
+0.07 (+0.77%)
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. 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
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
With a decent Return On Assets value of 3.69%, HIMX is doing good in the industry, outperforming 66.07% of the companies in the same industry.
HIMX has a Return On Equity of 7.15%. This is in the better half of the industry: HIMX outperforms 68.75% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.20%, HIMX is in line with its industry, outperforming 57.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HIMX is below the industry average of 10.79%.
| 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 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.
HIMX has a Gross Margin of 30.58%. This is in the lower half of the industry: HIMX underperforms 70.54% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HIMX is destroying value.
HIMX has about the same amout of shares outstanding than it did 1 year ago.
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 2.54 indicates that HIMX is not a great score, but indicates only limited risk for bankruptcy at the moment.
HIMX has a Altman-Z score of 2.54. This is comparable to the rest of the industry: HIMX outperforms 40.18% 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.
Looking at the Debt to FCF ratio, with a value of 4.32, HIMX is in line with its industry, outperforming 58.93% of the companies in the same 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: 73.21% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.54 |
ROIC/WACC0.35
WACC9.24%
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 82.14% 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.
With a Quick ratio value of 1.42, HIMX is not doing good in the industry: 75.89% of the companies in the same industry are doing better.
| 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.
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.
The Revenue has decreased by -3.45% in the past year.
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
Based on estimates for the next years, HIMX will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.91% on average per year.
The Revenue is expected to grow by 0.03% on average over the next years.
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 25.19 indicates a quite expensive valuation of HIMX.
Compared to the rest of the industry, the Price/Earnings ratio of HIMX indicates a rather cheap valuation: HIMX is cheaper than 84.82% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.46. HIMX is around the same levels.
HIMX is valuated correctly with a Price/Forward Earnings ratio of 14.97.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HIMX indicates a rather cheap valuation: HIMX is cheaper than 94.64% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.10. HIMX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.19 | ||
| Fwd PE | 14.97 |
4.2 Price Multiples
81.25% 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 cheaper than 97.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.44 | ||
| EV/EBITDA | 14.43 |
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
HIMX has a Yearly Dividend Yield of 4.86%, which is a nice return.
Compared to an average industry Dividend Yield of 2.21, HIMX pays a better dividend. On top of this HIMX pays more dividend than 97.32% 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 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.86% |
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
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%
9.07
+0.84 (+10.21%)
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 Cap1.59B
Revenue(TTM)866.32M
Net Income(TTM)62.60M
Analysts83.64
Price Target9.33 (2.87%)
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 | 25.19 | ||
| Fwd PE | 14.97 | ||
| P/S | 1.83 | ||
| P/FCF | 11.44 | ||
| P/OCF | 10.03 | ||
| P/B | 1.81 | ||
| P/tB | 1.87 | ||
| EV/EBITDA | 14.43 |
EPS(TTM)0.36
EY3.97%
EPS(NY)0.61
Fwd EY6.68%
FCF(TTM)0.79
FCFY8.74%
OCF(TTM)0.9
OCFY9.97%
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
WACC9.24%
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 25.19 and the Price/Book (PB) ratio is 1.81.
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.