NasdaqGS:HIMX

Stock Analysis Report

Executive Summary

Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, the United States, and internationally.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.

Risks

  • Himax Technologies has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-8.0%

HIMX

-2.5%

US Semiconductor

-0.6%

US Market


1 Year Return

-63.1%

HIMX

7.5%

US Semiconductor

0.6%

US Market

HIMX underperformed the Semiconductor industry which returned 9.4% over the past year.

HIMX underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

HIMXIndustryMarket
7 Day-8.0%-2.5%-0.6%
30 Day5.8%3.2%2.2%
90 Day-33.9%10.1%1.1%
1 Year-63.1%-63.1%9.6%7.5%2.9%0.6%
3 Year-78.7%-79.5%79.9%69.3%44.6%35.2%
5 Year-74.1%-76.3%119.3%97.0%61.9%44.2%

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

2 weeks ago | Simply Wall St

Imagine Owning Himax Technologies (NASDAQ:HIMX) And Trying To Stomach The 79% Share Price Drop

Valuation

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

201.69x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Himax Technologies's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Himax Technologies's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Himax Technologies is overvalued based on earnings compared to the US Semiconductor industry average.

Himax Technologies is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Himax Technologies is poor value based on expected growth next year.


Price Based on Value of Assets

Himax Technologies is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

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

124.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Himax Technologies's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).

Himax Technologies's earnings are expected to grow significantly at over 20% yearly.

Himax Technologies's revenue growth is positive but not above the United States of America market average.

Himax Technologies's earnings growth is expected to exceed the United States of America market average.

Himax Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Himax Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Himax Technologies performed over the past 5 years?

-32.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Himax Technologies's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Himax Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Himax Technologies's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

It is difficult to establish if Himax Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Himax Technologies used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Himax Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Himax Technologies's financial position?


Financial Position Analysis

Himax Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Himax Technologies's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Himax Technologies's level of debt (55%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (23.8% vs 55% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on Himax Technologies's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.8x debt.


Next Steps

Dividend

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

1.36%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Himax Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Himax Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Himax Technologies has not reported any payouts.

Unable to verify if Himax Technologies's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Himax Technologies has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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


CEO

Jordan Wu (58yo)

0yrs

Tenure

0

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 ...


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Biing-Seng Wu (61yo)

    Founder & Chairman of the Board

    • Tenure: 0yrs
  • Jordan Wu (58yo)

    Founder

    • Tenure: 0yrs
  • Norman Hung (61yo)

    Executive Vice President of Sales & Marketing

    • Tenure: 0yrs
  • Jackie Chang (59yo)

    Chief Financial Officer

    • Tenure: 7.7yrs
  • David Lyou

    Executive Vice President of Design & Engineering Center / Business Center III

    • Tenure: 0yrs
  • Greg Falesnik

    Managing Director of Investor Relations - US Representative

    • Tenure: 0yrs

Board Members

  • Biing-Seng Wu (61yo)

    Founder & Chairman of the Board

    • Tenure: 0yrs
  • Jordan Wu (58yo)

    Founder

    • Tenure: 0yrs
  • Yuan-Chuan Horng (67yo)

    Director

    • Tenure: 0yrs
  • Yan-Kuin Su (70yo)

    Independent Director

    • Tenure: 0yrs
  • Hsiung-Ku Chen (67yo)

    Director

    • Tenure: 0yrs

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$378.719m
  • Shares outstanding: 172.15m
  • 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

Biography

Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, the United States, and internationally.  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 23:52
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.