DB:PXLX

Stock Analysis Report

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Executive Summary

Pixelworks, Inc. develops and markets semiconductor and software solutions.


Snowflake Analysis

Flawless balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Pixelworks's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PXLX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-19.3%

PXLX

1.5%

DE Semiconductor

2.7%

DE Market


1 Year Return

-30.1%

PXLX

31.4%

DE Semiconductor

10.3%

DE Market

Return vs Industry: PXLX underperformed the German Semiconductor industry which returned 28.7% over the past year.

Return vs Market: PXLX underperformed the German Market which returned 8.8% over the past year.


Shareholder returns

PXLXIndustryMarket
7 Day-19.3%1.5%2.7%
30 Day-18.1%-1.7%1.9%
90 Day-30.2%24.7%17.0%
1 Year-30.1%-30.1%33.0%31.4%12.8%10.3%
3 Year-48.7%-48.7%18.7%14.2%7.1%-1.4%
5 Year-47.7%-47.7%106.9%96.1%18.2%2.3%

Price Volatility Vs. Market

How volatile is Pixelworks's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Pixelworks undervalued compared to its fair value and its price relative to the market?

3.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PXLX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PXLX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PXLX is unprofitable, so we can't compare its PE Ratio to the DE Semiconductor industry average.

PE vs Market: PXLX is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PXLX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PXLX is overvalued based on its PB Ratio (3.2x) compared to the DE Semiconductor industry average (2.2x).


Next Steps

Future Growth

How is Pixelworks forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PXLX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PXLX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PXLX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PXLX's revenue (11.3% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: PXLX's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PXLX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Pixelworks performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PXLX is currently unprofitable.

Growing Profit Margin: PXLX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PXLX is unprofitable, but has reduced losses over the past 5 years at a rate of 3.9% per year.

Accelerating Growth: Unable to compare PXLX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PXLX is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-46.5%).


Return on Equity

High ROE: PXLX has a negative Return on Equity (-44.08%), as it is currently unprofitable.


Next Steps

Financial Health

How is Pixelworks's financial position?


Financial Position Analysis

Short Term Liabilities: PXLX's short term assets ($33.9M) exceed its short term liabilities ($16.6M).

Long Term Liabilities: PXLX's short term assets ($33.9M) exceed its long term liabilities ($9.9M).


Debt to Equity History and Analysis

Debt Level: PXLX's debt to equity ratio (5.6%) is considered satisfactory.

Reducing Debt: PXLX's debt to equity ratio has reduced from 24.5% to 5.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PXLX has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PXLX has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 3.4% each year.


Next Steps

Dividend

What is Pixelworks's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PXLX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PXLX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PXLX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PXLX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PXLX's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Todd DeBonis (55 yo)

4.33yrs

Tenure

US$1,425,000

Compensation

Mr. Todd A. DeBonis has been the Chief Executive Officer and President of Pixelworks, Inc. since April 28, 2016. Mr. DeBonis is Strategic Advisor at POET Technologies Inc. (Opel International Inc) since Ja ...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD1.43M) is above average for companies of similar size in the German market ($USD467.00K).

Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Todd DeBonis
President4.33yrsUS$1.43m1.49%
$ 1.7m
Elias Nader
CFO & VP0.92yrUS$1.22mno data
Reuben Aspacio
Senior Vice President of Operations11.5yrsno datano data
Hongmin Zhang
Chief Technical Officer & Senior VP13.5yrsUS$354.53kno data
Greg Zafiris
VP, General Counsel & Secretary1.75yrsno datano data
Ting Xiong
Senior Vice President of Worldwide Sales3.83yrsno datano data
Peter Carson
Vice President of Marketing1.83yrsno datano data
Tzoyao Chan
Executive Vice President of Engineering11.58yrsUS$632.14kno data
Neil Woodall
Chief Architect & VP of DSP Engineering13.58yrsno datano data
Richard Miller
Executive Vice President of Technology8yrsUS$563.38kno data
David Sabo
Senior Vice President of Business Development & IP Licensing4.17yrsno datano data
Anthony Gioeli
Executive VP & GM of Video Devices2.75yrsno datano data

4.3yrs

Average Tenure

59yo

Average Age

Experienced Management: PXLX's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Todd DeBonis
President4.33yrsUS$1.43m1.49%
$ 1.7m
Daniel Heneghan
Independent Director14.33yrsUS$122.19k0.60%
$ 686.7k
Richard Sanquini
Independent Chairman10.08yrsUS$138.19k0.62%
$ 709.4k
Charles Gibson
Independent Director18.25yrsUS$117.19k0.42%
$ 479.3k
David Tupman
Independent Director6.33yrsUS$112.69k0.27%
$ 310.5k
Amy Bunszel
Independent Director1.42yrsUS$168.79k0.10%
$ 116.8k

8.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: PXLX's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Company Information

Pixelworks, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pixelworks, Inc.
  • Ticker: PXLX
  • Exchange: DB
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$134.112m
  • Listing Market Cap: US$113.941m
  • Shares outstanding: 39.27m
  • Website: https://www.pixelworks.com

Number of Employees


Location

  • Pixelworks, Inc.
  • 226 Airport Parkway
  • Suite 595
  • San Jose
  • California
  • 95110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PXLWNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMay 2000
PXLXDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2000

Biography

Pixelworks, Inc. develops and markets semiconductor and software solutions. The company provides video display processor products, including image processor ICs, such as embedded microprocessors, digital s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 20:46
End of Day Share Price2020/08/11 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.