Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. More Details
Flawless balance sheet with high growth potential and pays a dividend.
Share Price & News
How has Himax Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HIMX is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: HIMX's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
1 Year Return
Return vs Industry: HIMX exceeded the US Semiconductor industry which returned 53.4% over the past year.
Return vs Market: HIMX exceeded the US Market which returned 34.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Himax Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Does Himax Technologies, Inc.'s (NASDAQ:HIMX) Share Price Indicate?
3 weeks ago | Simply Wall StHimax Technologies (NASDAQ:HIMX) Seems To Use Debt Rather Sparingly
1 month ago | Simply Wall StHimax Technologies, Inc. (NASDAQ:HIMX) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Is Himax Technologies undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIMX ($13.74) is trading below our estimate of fair value ($29.84)
Significantly Below Fair Value: HIMX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HIMX is good value based on its PE Ratio (21.5x) compared to the US Semiconductor industry average (34.4x).
PE vs Market: HIMX is poor value based on its PE Ratio (21.5x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: HIMX is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: HIMX is good value based on its PB Ratio (4.4x) compared to the US Semiconductor industry average (4.8x).
How is Himax Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HIMX's forecast earnings growth (20.7% per year) is above the savings rate (2%).
Earnings vs Market: HIMX's earnings (20.7% per year) are forecast to grow faster than the US market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HIMX's revenue (11.2% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: HIMX's revenue (11.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HIMX's Return on Equity is forecast to be high in 3 years time (37.3%)
How has Himax Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIMX has high quality earnings.
Growing Profit Margin: HIMX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HIMX's earnings have declined by 7.1% per year over the past 5 years.
Accelerating Growth: HIMX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HIMX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (55.6%).
Return on Equity
High ROE: HIMX's Return on Equity (19.7%) is considered low.
How is Himax Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: HIMX's short term assets ($801.2M) exceed its short term liabilities ($387.0M).
Long Term Liabilities: HIMX's short term assets ($801.2M) exceed its long term liabilities ($82.1M).
Debt to Equity History and Analysis
Debt Level: HIMX's debt to equity ratio (27.3%) is considered satisfactory.
Reducing Debt: HIMX's debt to equity ratio has reduced from 39.2% to 27.3% over the past 5 years.
Debt Coverage: HIMX's debt is well covered by operating cash flow (101.2%).
Interest Coverage: HIMX's interest payments on its debt are well covered by EBIT (227.9x coverage).
What is Himax Technologies's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIMX's dividend (1.98%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: HIMX's dividend (1.98%) is low compared to the top 25% of dividend payers in the US market (3.57%).
Stability and Growth of Payments
Stable Dividend: HIMX's dividend payments have been volatile in the past 10 years.
Growing Dividend: HIMX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.6%), HIMX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HIMX's dividends in 3 years are forecast to be covered by earnings (68.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Jordan Wu (60 yo)
Mr. Jordan Wu serves as the Chief Executive Officer and President at Himax Display, Inc. Mr. Wu founded to Himax Technologies, Inc. He has been the Chief Executive Officer and President at Himax Technologi...
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Himax Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Himax Technologies, Inc.
- Ticker: HIMX
- Exchange: NasdaqGS
- Founded: 2001
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$2.392b
- Shares outstanding: 174.09m
- Website: https://www.himax.com.tw
Number of Employees
- Himax Technologies, Inc.
- No.26, Zih Lian Road
- Sinshih District
- Tainan City
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company opera...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/03 23:28|
|End of Day Share Price||2021/08/03 00:00|
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.