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MagnaChip Semiconductor

DB:SMG
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SMG
DB
$347M
Market Cap
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  2. DE
  3. Semiconductors
Company description

MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The last earnings update was 36 days ago. More info.


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  • MagnaChip Semiconductor has significant price volatility in the past 3 months.
SMG Share Price and Events
7 Day Returns
17.4%
DB:SMG
-2.6%
DE Semiconductor
-3.6%
DE Market
1 Year Returns
-5.8%
DB:SMG
-39.1%
DE Semiconductor
-11.8%
DE Market
SMG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MagnaChip Semiconductor (SMG) 17.4% 7.5% 35% -5.8% 78.1% -10.5%
DE Semiconductor -2.6% -18.1% -21.3% -39.1% 18.5% 35.1%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • SMG outperformed the Semiconductor industry which returned -39.1% over the past year.
  • SMG outperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
SMG
Industry
5yr Volatility vs Market

Value

 Is MagnaChip Semiconductor undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MagnaChip Semiconductor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MagnaChip Semiconductor.

DB:SMG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SMG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.227 (1 + (1- 26.01%) (91.78%))
1.71
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.71 * 5.96%)
10.42%

Discounted Cash Flow Calculation for DB:SMG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MagnaChip Semiconductor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:SMG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.42%)
2019 -20.10 Analyst x1 -18.20
2020 58.90 Analyst x1 48.31
2021 99.24 Est @ 68.48% 73.71
2022 146.88 Est @ 48.01% 98.81
2023 196.34 Est @ 33.67% 119.62
2024 242.75 Est @ 23.64% 133.94
2025 283.09 Est @ 16.62% 141.46
2026 316.21 Est @ 11.7% 143.10
2027 342.32 Est @ 8.26% 140.30
2028 362.34 Est @ 5.85% 134.49
Present value of next 10 years cash flows $1,015.52
DB:SMG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $362.34 × (1 + 0.23%) ÷ (10.42% – 0.23%)
$3,563.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,563.74 ÷ (1 + 10.42%)10
$1,322.76
DB:SMG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,015.52 + $1,322.76
$2,338.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,338.28 / 34.22
$68.32
DB:SMG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SMG represents 0.88422x of NYSE:MX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88422x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 68.32 x 0.88422
€60.41
Value per share (EUR) From above. €60.41
Current discount Discount to share price of €8.97
= -1 x (€8.97 - €60.41) / €60.41
85.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MagnaChip Semiconductor is available for.
Intrinsic value
>50%
Share price is €8.97 vs Future cash flow value of €60.41
Current Discount Checks
For MagnaChip Semiconductor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MagnaChip Semiconductor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MagnaChip Semiconductor's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MagnaChip Semiconductor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MagnaChip Semiconductor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SMG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.18
NYSE:MX Share Price ** NYSE (2019-06-14) in USD $10.14
Germany Semiconductor Industry PE Ratio Median Figure of 10 Publicly-Listed Semiconductor Companies 22.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MagnaChip Semiconductor.

DB:SMG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MX Share Price ÷ EPS (both in USD)

= 10.14 ÷ -1.18

-8.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MagnaChip Semiconductor is loss making, we can't compare its value to the DE Semiconductor industry average.
  • MagnaChip Semiconductor is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does MagnaChip Semiconductor's expected growth come at a high price?
Raw Data
DB:SMG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
116%per year
Germany Semiconductor Industry PEG Ratio Median Figure of 8 Publicly-Listed Semiconductor Companies 1.44x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MagnaChip Semiconductor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MagnaChip Semiconductor's assets?
Raw Data
DB:SMG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-1.35
NYSE:MX Share Price * NYSE (2019-06-14) in USD $10.14
Germany Semiconductor Industry PB Ratio Median Figure of 12 Publicly-Listed Semiconductor Companies 1.89x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:SMG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MX Share Price ÷ Book Value per Share (both in USD)

= 10.14 ÷ -1.35

-7.49x

* Primary Listing of MagnaChip Semiconductor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MagnaChip Semiconductor has negative assets, we can't compare the value of its assets to the DE Semiconductor industry average.
X
Value checks
We assess MagnaChip Semiconductor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. MagnaChip Semiconductor has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is MagnaChip Semiconductor expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
116%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MagnaChip Semiconductor expected to grow at an attractive rate?
  • MagnaChip Semiconductor's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • MagnaChip Semiconductor's earnings growth is expected to exceed the Germany market average.
  • MagnaChip Semiconductor's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SMG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SMG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 116%
DB:SMG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.7%
Germany Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Germany Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SMG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SMG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 788 91 19 2
2019-12-31 751 11 -30 2
DB:SMG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 742 31 -41
2018-12-31 751 39 -4
2018-09-30 746 31 42
2018-06-30 717 37 31
2018-03-31 684 15 44
2017-12-31 680 -20 85
2017-09-30 686 -3 -9
2017-06-30 701 -17 16
2017-03-31 702 -13 6
2016-12-31 688 9 -30
2016-09-30 660 25 43
2016-06-30 622 9 -44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MagnaChip Semiconductor's earnings are expected to grow significantly at over 20% yearly.
  • MagnaChip Semiconductor's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SMG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from MagnaChip Semiconductor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SMG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.41 0.41 0.41 1.00
2019-12-31 -0.89 -0.89 -0.89 1.00
DB:SMG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.18
2018-12-31 -0.11
2018-09-30 1.23
2018-06-30 0.89
2018-03-31 1.29
2017-12-31 2.50
2017-09-30 -0.25
2017-06-30 0.46
2017-03-31 0.17
2016-12-31 -0.85
2016-09-30 1.24
2016-06-30 -1.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if MagnaChip Semiconductor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MagnaChip Semiconductor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MagnaChip Semiconductor has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has MagnaChip Semiconductor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MagnaChip Semiconductor's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MagnaChip Semiconductor does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare MagnaChip Semiconductor's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MagnaChip Semiconductor's 1-year growth to the DE Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
MagnaChip Semiconductor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MagnaChip Semiconductor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SMG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 742.46 -40.79 73.09 78.48
2018-12-31 750.90 -3.90 72.64 78.04
2018-09-30 746.08 42.13 78.75 77.59
2018-06-30 716.78 30.52 77.45 76.22
2018-03-31 683.78 43.96 76.25 72.15
2017-12-31 679.67 84.94 81.78 70.52
2017-09-30 685.55 -8.51 81.26 70.19
2017-06-30 701.15 15.76 84.07 71.07
2017-03-31 701.57 6.00 86.75 72.32
2016-12-31 687.97 -29.62 83.55 72.18
2016-09-30 659.94 43.03 87.56 73.31
2016-06-30 622.02 -43.90 89.59 75.32
2016-03-31 616.93 -56.71 97.77 79.08
2015-12-31 633.71 -84.87 102.85 83.42
2015-09-30 648.93 -171.55 108.22 86.69
2015-06-30 688.88 -161.29 124.80 89.66
2015-03-31 698.94 -115.66 126.96 91.79
2014-12-31 698.22 -117.23 126.95 92.77
2014-09-30 706.08 -75.60 116.32 93.55
2014-06-30 682.56 -28.54 99.78 92.49
2014-03-31 704.02 -68.22 89.99 89.98
2013-12-31 734.18 -64.20 85.77 87.86
2013-09-30 764.50 0.02 86.90 82.12
2013-06-30 815.56 48.18 86.13 79.23
2013-03-31 824.66 77.19 85.28 77.44
2012-12-31 807.34 110.04 82.68 76.26
2012-09-30 782.33 91.72 77.32 77.72
2012-06-30 760.87 -12.70 73.81 77.25

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if MagnaChip Semiconductor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if MagnaChip Semiconductor has efficiently used its assets last year compared to the DE Semiconductor industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if MagnaChip Semiconductor improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess MagnaChip Semiconductor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MagnaChip Semiconductor has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is MagnaChip Semiconductor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MagnaChip Semiconductor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MagnaChip Semiconductor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MagnaChip Semiconductor's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of MagnaChip Semiconductor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • MagnaChip Semiconductor has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MagnaChip Semiconductor Company Filings, last reported 2 months ago.

DB:SMG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -46.31 318.50 105.81
2018-12-31 -17.31 303.58 132.44
2018-09-30 -17.45 305.04 133.48
2018-06-30 -33.79 304.49 131.68
2018-03-31 -29.93 303.95 123.14
2017-12-31 -39.64 303.42 128.58
2017-09-30 -61.13 302.89 128.43
2017-06-30 -70.49 302.38 131.52
2017-03-31 -70.58 301.88 132.63
2016-12-31 -72.11 221.08 83.36
2016-09-30 -64.92 220.90 75.43
2016-06-30 -70.33 220.72 83.91
2016-03-31 -59.62 220.55 73.53
2015-12-31 -62.33 220.38 90.88
2015-09-30 -72.85 224.13 68.51
2015-06-30 -54.70 224.10 72.67
2015-03-31 -35.78 224.07 91.40
2014-12-31 -18.50 224.04 102.43
2014-09-30 23.92 224.01 125.21
2014-06-30 59.63 223.98 141.00
2014-03-31 65.72 223.95 104.77
2013-12-31 81.54 223.92 153.61
2013-09-30 336.74 223.90 158.27
2013-06-30 316.43 201.80 192.64
2013-03-31 303.18 201.73 182.99
2012-12-31 191.53 201.65 182.24
2012-09-30 207.38 201.59 165.66
2012-06-30 170.55 201.52 155.76
  • MagnaChip Semiconductor has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if MagnaChip Semiconductor's debt level has increased considering it has negative shareholder equity.
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.

  • Information is not available.
  • Unable to confirm if MagnaChip Semiconductor has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess MagnaChip Semiconductor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MagnaChip Semiconductor has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from MagnaChip Semiconductor dividends. Estimated to be 0% next year.
If you bought €2,000 of MagnaChip Semiconductor shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate MagnaChip Semiconductor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MagnaChip Semiconductor's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SMG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SMG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as MagnaChip Semiconductor has not reported any payouts.
  • Unable to verify if MagnaChip Semiconductor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MagnaChip Semiconductor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MagnaChip Semiconductor has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of MagnaChip Semiconductor's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess MagnaChip Semiconductor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MagnaChip Semiconductor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MagnaChip Semiconductor has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of MagnaChip Semiconductor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
YJ Kim
COMPENSATION $2,945,061
AGE 53
TENURE AS CEO 4.1 years
CEO Bio

Mr. Young-Joon Kim, also known as YJ, has been the Chief Executive Officer of MagnaChip Semiconductor Corporation since May 28, 2015 and was its General Manager of Foundry Services Group. He served as an Acting General Manager of Foundry Services Group at MagnaChip Semiconductor Corporation from May 28, 2015 to November 2015. Mr. Kim has been Chief Executive Officer at MagnaChip Semiconductor, Ltd. since May 2015. Mr. Kim served as General Manager of Semiconductor Manufacturing Services at MagnaChip Semiconductor, Ltd. since May 2015. Mr. Kim served as General Manager of Semiconductor Manufacturing Services of MagnaChip Semiconductor Corporation since May 2015 until October 15, 2015. Mr. Kim served as Principal Operating Officer at MagnaChip Semiconductor Corporation since April 30, 2015. He served as an Executive Vice President and General Manager of Display Solutions Division at MagnaChip Semiconductor Corporation from May 2013 to May 28, 2015. He served as an Interim Chief Executive Officer at MagnaChip Semiconductor Corporation from May 20, 2014 to May 28, 2015. He has over 30 years of semiconductor industry experience. He served as Vice President of the Infrastructure Processor Division and General Manager of the Multi-core Processor Group at Cavium, Inc. from January 2010 to April 2013. Mr. Kim served as Core Team Lead and General Manager of the Tolapai Program at Intel Corporation from 2004 to 2006. His past roles include marketing, engineering, product development and strategic planning, and his product expertise includes microprocessors, network processors, FLASH, EPROM, analog, mixed-signal, sensors, workstations and servers. Mr. Kim co-founded API Networks, a joint venture between Samsung and Compaq, where he served as the head of product management, worldwide sales and business development for Alpha processors. He served as Core Team Lead and General Manager of Intel Corporation Form August 2004 to June 2006 where he held various other management positions in marketing and business development. He worked Cavium, Inc. from 2006 to 2013. He served as Director of Marketing at Samsung Semiconductor, Inc. in San Jose, from June 1996 to May 1998, where he defined strategy and business planning for their memory and microprocessor products. He has been a Director of MagnaChip Semiconductor Corporation since May 28, 2015. He serves as Director of MagnaChip Semiconductor, Ltd. Mr. Kim has Bachelor of Science and Master of Engineering in Electrical Engineering Degrees from Cornell University.

CEO Compensation
  • YJ's compensation has increased whilst company is loss making.
  • YJ's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the MagnaChip Semiconductor management team in years:

4.1
Average Tenure
50.5
Average Age
  • The tenure for the MagnaChip Semiconductor management team is about average.
Management Team

YJ Kim

TITLE
CEO & Director
COMPENSATION
$3M
AGE
53
TENURE
4.1 yrs

Jonathan Kim

TITLE
CFO, Chief Accounting Officer & Executive VP
COMPENSATION
$852K
AGE
43
TENURE
4.1 yrs

Theodore Kim

TITLE
Chief Compliance Officer
COMPENSATION
$997K
AGE
48
TENURE
5.6 yrs

Woung Lee

TITLE
Executive VP & GM of Standard Products Group
COMPENSATION
$856K
AGE
55
TENURE
3.6 yrs

Bruce Entin

TITLE
Head of Investor Relations

Chan-Keun Park

TITLE
Director of Public Relations

Seung-Hoon Lee

TITLE
Senior Vice President of Manufacturing Operations

Jk Minh

TITLE
Chief of Strategic Planning
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the MagnaChip Semiconductor board of directors in years:

3.3
Average Tenure
62.5
Average Age
  • The tenure for the MagnaChip Semiconductor board of directors is about average.
Board of Directors

Nader Tavakoli

TITLE
Non-Executive Chairman
COMPENSATION
$342K
AGE
60
TENURE
0.6 yrs

YJ Kim

TITLE
CEO & Director
COMPENSATION
$3M
AGE
53
TENURE
4.1 yrs

Ilbok Lee

TITLE
Independent Director
COMPENSATION
$312K
AGE
73
TENURE
7.8 yrs

Gary Tanner

TITLE
Director
COMPENSATION
$428K
AGE
65
TENURE
3.8 yrs

Camillo Martino

TITLE
Director
COMPENSATION
$353K
AGE
56
TENURE
2.8 yrs

Mel Keating

TITLE
Director
COMPENSATION
$382K
AGE
71
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Jan 19 Buy Brigade Capital Management, LP Company 09. Jan 19 09. Jan 19 30,000 €5.92 €177,572
26. Dec 18 Buy Brigade Capital Management, LP Company 21. Dec 18 21. Dec 18 16,000 €5.39 €86,218
18. Dec 18 Buy Brigade Capital Management, LP Company 13. Dec 18 13. Dec 18 515,000 €6.23 €3,176,465
14. Aug 18 Buy Brigade Capital Management, LP Company 10. Aug 18 13. Aug 18 15,545 €10.43 €162,084
07. Aug 18 Buy Brigade Capital Management, LP Company 03. Aug 18 03. Aug 18 18,584 €10.26 €190,653
03. Aug 18 Buy Brigade Capital Management, LP Company 01. Aug 18 02. Aug 18 107,100 €10.25 €1,093,658
X
Management checks
We assess MagnaChip Semiconductor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MagnaChip Semiconductor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The company operates through two segments, Foundry Services Group and Standard Products Group. The Foundry Services Group segment provides analog and mixed-signal foundry services for fabless and integrated device manufacturer semiconductor companies to manufacture a range of products, including display drivers, light emitting diode (LED) drivers, audio encoding and decoding devices, microcontrollers, touch screen controllers, RF switches, park distance control sensors for automotive, electronic tag memories, and power management semiconductors. The Standard Products Group segment offers display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in ultra-high definition, high definition, full high definition, LED, 3D and organic light emitting diodes televisions and displays, notebooks, and mobile communications and entertainment devices. This segment also offers power management semiconductor products, such as metal oxide semiconductor field effect transistors, insulated gate bipolar transistors, converters, LED drivers, SSD PMIC products, and switching and linear regulators for televisions, smartphones, mobile phones, desktop PCs, notebooks, tablet PCs, other consumer electronics, and consumer appliances, as well as for industrial applications. It serves consumer, computing, and industrial electronics original equipment manufacturers; original design manufacturers; and electronics manufacturing services companies, as well as subsystem designers. The company sells its products through a direct sales force, as well as through a network of agents and distributors worldwide. MagnaChip Semiconductor Corporation is based in Luxembourg City, Luxembourg.

Details
Name: MagnaChip Semiconductor Corporation
SMG
Exchange: DB
Founded:
$309,241,876
34,224,247
Website: http://www.magnachip.com
Address: MagnaChip Semiconductor Corporation
1, Allee Scheffer,
Luxembourg City,
2520,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MX Common Stock New York Stock Exchange US USD 11. Mar 2011
DB SMG Common Stock Deutsche Boerse AG DE EUR 11. Mar 2011
Number of employees
Current staff
Staff numbers
2,515
MagnaChip Semiconductor employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:39
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/12
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.