NasdaqGM:PXLW

Stock Analysis Report

Executive Summary

Pixelworks, Inc. designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for high-quality energy efficient video applications.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Pixelworks's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

13.5%

PXLW

1.6%

US Semiconductor

1.0%

US Market


1 Year Return

0.5%

PXLW

22.4%

US Semiconductor

8.0%

US Market

Return vs Industry: PXLW underperformed the US Semiconductor industry which returned 22.4% over the past year.

Return vs Market: PXLW underperformed the US Market which returned 8% over the past year.


Shareholder returns

PXLWIndustryMarket
7 Day13.5%1.6%1.0%
30 Day16.3%2.8%-0.07%
90 Day45.4%2.0%-1.0%
1 Year0.5%0.5%24.9%22.4%10.4%8.0%
3 Year50.0%50.0%81.5%70.8%46.2%36.7%
5 Year-23.9%-23.9%134.6%110.3%64.3%46.2%

Price Volatility Vs. Market

How volatile is Pixelworks's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

3.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PXLW ($4.29) is trading above our estimate of fair value ($0.04)

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


Price To Earnings Ratio

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

PE vs Market: PXLW 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 PXLW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PXLW is overvalued based on its PB Ratio (3.2x) compared to the US Semiconductor industry average (2.7x).


Next Steps

Future Growth

How is Pixelworks forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-14.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PXLW is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PXLW is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PXLW is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PXLW's revenue (6.4% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: PXLW's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PXLW's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Pixelworks performed over the past 5 years?

15.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PXLW is unprofitable, but has reduced losses over the past 5 years at a rate of 15.4% per year.

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

Earnings vs Industry: PXLW is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.2%).


Return on Equity

High ROE: PXLW has a negative Return on Equity (-8%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: PXLW is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: PXLW is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Pixelworks's financial position?


Financial Position Analysis

Short Term Liabilities: PXLW's short term assets ($35.8M) exceeds its short term liabilities ($11.9M)

Long Term Liabilities: PXLW's short term assets (35.8M) exceeds its long term liabilities (6.6M)


Debt to Equity History and Analysis

Debt Level: PXLW is debt free.

Reducing Debt: PXLW has no debt compared to 5 years ago when its debt to equity ratio was 17%.


Balance Sheet

Inventory Level: PXLW has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PXLW's debt is covered by short term assets.


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.

Stable Cash Runway: Whilst unprofitable PXLW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PXLW is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.8% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate PXLW's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if PXLW's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Todd DeBonis (54yo)

3.5yrs

Tenure

US$1,511,829

Compensation

Mr. Todd A. DeBonis has been the Chief Executive Officer and President of Pixelworks, Inc. since April 28, 2016. Mr. DeBonis is Strategic Advisor at POET Technologies Inc. (Opel International Inc) since Ja ...


CEO Compensation Analysis

Compensation vs. Market: Todd's total compensation ($USD1.51M) is about average for companies of similar size in the US market ($USD1.18M).

Compensation vs Earnings: Todd's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

5.3yrs

Average Tenure

58yo

Average Age

Experienced Management: PXLW's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

7.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: PXLW's board of directors are considered experienced (7.4 years average tenure).


Insider Trading

Insider Buying: PXLW insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$7,80302 Aug 19
Steven Moore
EntityIndividual
Shares3,000
Max PriceUS$2.60
BuyUS$14,38830 May 19
Todd DeBonis
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceUS$2.88
BuyUS$29,66528 May 19
Todd DeBonis
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceUS$2.97
BuyUS$69,78009 May 19
Todd DeBonis
EntityIndividual
Role
Chief Executive Officer
President
Shares20,000
Max PriceUS$3.49
BuyUS$64,97209 May 19
Daniel Heneghan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$3.43
BuyUS$4,99209 May 19
Richard Sanquini
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares1,492
Max PriceUS$3.35
BuyUS$99,40509 May 19
Charles Gibson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares29,753
Max PriceUS$3.34
BuyUS$100,80009 May 19
David Tupman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares30,000
Max PriceUS$3.36
BuyUS$8,23701 Feb 19
Steven Moore
EntityIndividual
Shares3,000
Max PriceUS$2.75

Ownership Breakdown


Management Team

  • T Chan (66yo)

    Executive Vice President of Engineering

    • Tenure: 10.8yrs
    • Compensation: US$632.14k
  • Todd DeBonis (54yo)

    President

    • Tenure: 3.5yrs
    • Compensation: US$1.51m
  • Elias Nader (56yo)

    CFO & VP

    • Tenure: 0.08yrs
  • Richard Miller (56yo)

    Executive Vice President of Technology

    • Tenure: 7.2yrs
    • Compensation: US$563.38k
  • Bob Zhang (60yo)

    Chief Technical Officer & Senior VP

    • Tenure: 12.7yrs
    • Compensation: US$354.53k
  • Reuben Aspacio (58yo)

    Senior Vice President of Operations

    • Tenure: 10.7yrs
  • Neil Woodall (59yo)

    Chief Architect & VP of DSP Engineering

    • Tenure: 12.8yrs
  • Ting Xiong

    Senior Vice President of Worldwide Sales

    • Tenure: 3yrs
  • Greg Zafiris

    VP & General Counsel

    • Tenure: 0.9yrs
  • Peter Carson

    Vice President of Marketing

    • Tenure: 1yrs

Board Members

  • Daniel Heneghan (63yo)

    Independent Director

    • Tenure: 13.5yrs
    • Compensation: US$130.27k
  • Dick Sanquini (84yo)

    Independent Chairman

    • Tenure: 9.3yrs
    • Compensation: US$151.27k
  • Charles Gibson (67yo)

    Independent Director

    • Tenure: 17.4yrs
    • Compensation: US$124.27k
  • Todd DeBonis (54yo)

    President

    • Tenure: 3.5yrs
    • Compensation: US$1.51m
  • David Tupman (56yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$120.77k
  • Amy Bunszel (51yo)

    Independent Director

    • Tenure: 0.6yrs

Company Information

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


Key Information

  • Name: Pixelworks, Inc.
  • Ticker: PXLW
  • Exchange: NasdaqGM
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$162.727m
  • Shares outstanding: 37.93m
  • Website: https://www.pixelworks.com

Number of Employees


Location

  • Pixelworks, Inc.
  • 226 Airport Parkway
  • Suite 595
  • San Jose
  • California
  • 95110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PXLWNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMay 2000
PXLXDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2000

Biography

Pixelworks, Inc. designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for high-quality  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:42
End of Day Share Price2019/10/21 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.