NasdaqGS:HIMX

Stock Analysis Report

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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

Mediocre balance sheet with moderate growth potential.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.8%

HIMX

-2.8%

US Semiconductor

-3.3%

US Market


1 Year Return

50.2%

HIMX

34.3%

US Semiconductor

10.9%

US Market

Return vs Industry: HIMX exceeded the US Semiconductor industry which returned 34.3% over the past year.

Return vs Market: HIMX exceeded the US Market which returned 10.9% over the past year.


Shareholder returns

HIMXIndustryMarket
7 Day-4.8%-2.8%-3.3%
30 Day-12.2%-4.8%-5.7%
90 Day1.2%10.3%8.2%
1 Year50.2%50.2%36.8%34.3%13.4%10.9%
3 Year-68.7%-69.1%77.0%67.8%34.9%25.9%
5 Year-54.6%-56.9%237.4%204.1%84.6%63.8%

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?

1.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HIMX ($3.38) is trading above our estimate of fair value ($2.88)

Significantly Below Fair Value: HIMX is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HIMX is good value based on its PB Ratio (1.3x) compared to the US Semiconductor industry average (3.1x).


Next Steps

Future Growth

How is Himax Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

64.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIMX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: HIMX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HIMX's is expected to become profitable in the next 3 years.

Revenue vs Market: HIMX's revenue (8.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: HIMX's revenue (8.6% 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 low in 3 years time (7.5%).


Next Steps

Past Performance

How has Himax Technologies performed over the past 5 years?

-44.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HIMX is currently unprofitable.

Growing Profit Margin: HIMX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HIMX is unprofitable, and losses have increased over the past 5 years at a rate of 44.9% per year.

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

Earnings vs Industry: HIMX is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (7.5%).


Return on Equity

High ROE: HIMX has a negative Return on Equity (-0.82%), as it is currently unprofitable.


Next Steps

Financial Health

How is Himax Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: HIMX's short term assets ($664.1M) exceed its short term liabilities ($425.4M).

Long Term Liabilities: HIMX's short term assets ($664.1M) exceed its long term liabilities ($11.3M).


Debt to Equity History and Analysis

Debt Level: HIMX's debt to equity ratio (51.1%) is considered high.

Reducing Debt: HIMX's debt to equity ratio has increased from 29.7% to 51.1% over the past 5 years.

Debt Coverage: HIMX's debt is well covered by operating cash flow (22%).

Interest Coverage: Insufficient data to determine if HIMX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

1.92%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate HIMX'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 HIMX's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: HIMX is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Jordan Wu (59 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$581.982m
  • Shares outstanding: 172.18m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIMXNasdaqGS (Nasdaq Global Select)YesSPONS ADR EA REPR 2 ORD SHS NPVUSUSDMar 2006
H6QDB (Deutsche Boerse AG)YesSPONS ADR EA REPR 2 ORD SHS NPVDEEURMar 2006
0J5HLSE (London Stock Exchange)YesSPONS ADR EA REPR 2 ORD SHS NPVGBUSDMar 2006

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 Analysis2020/09/25 06:10
End of Day Share Price2020/09/24 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.