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Market Cap

US$1.9b

Last Updated

2021/09/16 22:53 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.


Similar Companies

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 not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HIMX's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-1.1%

HIMX

2.1%

US Semiconductor

-0.6%

US Market


1 Year Return

201.6%

HIMX

54.7%

US Semiconductor

33.6%

US Market

Return vs Industry: HIMX exceeded the US Semiconductor industry which returned 54.6% over the past year.

Return vs Market: HIMX exceeded the US Market which returned 33.7% over the past year.


Shareholder returns

HIMXIndustryMarket
7 Day-1.1%2.1%-0.6%
30 Day-11.4%7.4%1.3%
90 Day-20.3%10.5%5.3%
1 Year207.0%201.6%56.7%54.7%35.6%33.6%
3 Year80.8%77.7%139.1%127.5%60.9%51.0%
5 Year10.0%4.0%297.6%261.2%123.4%99.1%

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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HIMX ($11.16) is trading below our estimate of fair value ($29.89)

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 (8.9x) compared to the US Semiconductor industry average (29.8x).

PE vs Market: HIMX is good value based on its PE Ratio (8.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: HIMX is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: HIMX is good value based on its PB Ratio (3.2x) compared to the US Semiconductor industry average (4.6x).


Future Growth

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

4.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIMX's forecast earnings growth (4.4% per year) is above the savings rate (2%).

Earnings vs Market: HIMX's earnings (4.4% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: HIMX's earnings are forecast to grow, but not significantly.

Revenue vs Market: HIMX's revenue (10% per year) is forecast to grow faster than the US market (9.7% per year).

High Growth Revenue: HIMX's revenue (10% 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 (38.8%)


Past Performance

How has Himax Technologies performed over the past 5 years?

23.4%

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 grown significantly by 23.4% 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 (70.4%).


Return on Equity

High ROE: HIMX's Return on Equity (35.2%) is considered high.


Financial Health

How is Himax Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: HIMX's short term assets ($876.0M) exceed its short term liabilities ($458.0M).

Long Term Liabilities: HIMX's short term assets ($876.0M) exceed its long term liabilities ($83.1M).


Debt to Equity History and Analysis

Debt Level: HIMX's debt to equity ratio (26%) is considered satisfactory.

Reducing Debt: HIMX's debt to equity ratio has reduced from 30.3% to 26% over the past 5 years.

Debt Coverage: HIMX's debt is well covered by operating cash flow (154.7%).

Interest Coverage: HIMX's interest payments on its debt are well covered by EBIT (755.5x coverage).


Balance Sheet


Dividend

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

2.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HIMX's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: HIMX's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (3.58%).


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 low payout ratio (21.7%), 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 (67.8% payout ratio).


Next Steps

Management

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


CEO

Jordan Wu (60 yo)

no data

Tenure

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...


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Himax Technologies, Inc.
  • Ticker: HIMX
  • Exchange: NasdaqGS
  • Founded: 2001
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$1.943b
  • Shares outstanding: 174.09m
  • Website: https://www.himax.com.tw

Number of Employees


Location

  • Himax Technologies, Inc.
  • No.26, Zih Lian Road
  • Sinshih District
  • Tainan City
  • 74148
  • Taiwan

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:53
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.