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Pixelworks

Nasdaq:PXLW
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PXLW
Nasdaq
$110M
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

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. The last earnings update was 38 days ago. More info.


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  • Pixelworks has significant price volatility in the past 3 months.
PXLW Share Price and Events
7 Day Returns
2.8%
NasdaqGM:PXLW
-1.6%
US Semiconductor
0.3%
US Market
1 Year Returns
-28.9%
NasdaqGM:PXLW
-11.9%
US Semiconductor
0.7%
US Market
PXLW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pixelworks (PXLW) 2.8% -6.4% -25.8% -28.9% 54.2% -62%
US Semiconductor -1.6% -2.7% -5.4% -11.9% 69.6% 78.8%
US Market 0.3% 0.4% 0.6% 0.7% 37.2% 37.4%
1 Year Return vs Industry and Market
  • PXLW underperformed the Semiconductor industry which returned -11.9% over the past year.
  • PXLW underperformed the Market in United States of America which returned 0.7% over the past year.
Price Volatility
PXLW
Industry
5yr Volatility vs Market
Related Companies

PXLW Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pixelworks to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pixelworks.

NasdaqGM:PXLW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:PXLW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.226 (1 + (1- 21%) (5.56%))
1.188
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.188 * 5.96%)
9.81%

Discounted Cash Flow Calculation for NasdaqGM:PXLW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pixelworks is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:PXLW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.81%)
2019 0.71 Est @ -72.45% 0.65
2020 0.36 Est @ -49.89% 0.30
2021 0.23 Est @ -34.11% 0.18
2022 0.18 Est @ -23.06% 0.12
2023 0.15 Est @ -15.32% 0.10
2024 0.14 Est @ -9.9% 0.08
2025 0.13 Est @ -6.11% 0.07
2026 0.12 Est @ -3.46% 0.06
2027 0.12 Est @ -1.6% 0.05
2028 0.12 Est @ -0.3% 0.05
Present value of next 10 years cash flows $1.65
NasdaqGM:PXLW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.12 × (1 + 2.73%) ÷ (9.81% – 2.73%)
$1.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1.78 ÷ (1 + 9.81%)10
$0.70
NasdaqGM:PXLW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1.65 + $0.70
$2.34
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2.34 / 37.54
$0.06
NasdaqGM:PXLW Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.06
Current discount Discount to share price of $2.93
= -1 x ($2.93 - $0.06) / $0.06
-4595.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Pixelworks is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pixelworks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pixelworks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:PXLW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.11
NasdaqGM:PXLW Share Price ** NasdaqGM (2019-06-17) in USD $2.93
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 22.82x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pixelworks.

NasdaqGM:PXLW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:PXLW Share Price ÷ EPS (both in USD)

= 2.93 ÷ -0.11

-26.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pixelworks is loss making, we can't compare its value to the US Semiconductor industry average.
  • Pixelworks is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Pixelworks's expected growth come at a high price?
Raw Data
NasdaqGM:PXLW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -26.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-47.5%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 63 Publicly-Listed Semiconductor Companies 0.92x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pixelworks, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pixelworks's assets?
Raw Data
NasdaqGM:PXLW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.25
NasdaqGM:PXLW Share Price * NasdaqGM (2019-06-17) in USD $2.93
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.51x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NasdaqGM:PXLW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:PXLW Share Price ÷ Book Value per Share (both in USD)

= 2.93 ÷ 1.25

2.35x

* Primary Listing of Pixelworks.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pixelworks is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Pixelworks's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Pixelworks has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PXLW Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-47.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pixelworks expected to grow at an attractive rate?
  • Unable to compare Pixelworks's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Pixelworks's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Pixelworks's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:PXLW Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:PXLW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -47.5%
NasdaqGM:PXLW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.6%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:PXLW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:PXLW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 80 -9 5
2019-12-31 74 -5 5
NasdaqGM:PXLW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 78 3 -4
2018-12-31 77 1 -5
2018-09-30 74 2 -7
2018-06-30 72 -3 -11
2018-03-31 73 9 -8
2017-12-31 81 12 -4
2017-09-30 78 14 0
2017-06-30 73 16 3
2017-03-31 65 1 0
2016-12-31 53 -2 -11
2016-09-30 51 -6 -15
2016-06-30 54 -7 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pixelworks is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Pixelworks's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:PXLW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Pixelworks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PXLW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.24 -0.21 -0.26 2.00
2019-12-31 -0.14 -0.06 -0.19 3.00
NasdaqGM:PXLW Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.11
2018-12-31 -0.13
2018-09-30 -0.18
2018-06-30 -0.33
2018-03-31 -0.23
2017-12-31 -0.13
2017-09-30 -0.01
2017-06-30 0.11
2017-03-31 0.01
2016-12-31 -0.39
2016-09-30 -0.52
2016-06-30 -0.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pixelworks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pixelworks's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pixelworks has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PXLW Past Performance

  How has Pixelworks performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pixelworks's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pixelworks does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Pixelworks's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pixelworks's 1-year growth to the US Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
Pixelworks's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pixelworks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PXLW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 77.91 -4.05 20.80 24.89
2018-12-31 76.55 -4.62 19.95 22.88
2018-09-30 74.46 -6.53 19.76 22.90
2018-06-30 71.75 -11.47 19.66 22.91
2018-03-31 73.22 -7.59 18.47 20.98
2017-12-31 80.64 -4.17 17.99 21.43
2017-09-30 78.18 -0.28 16.53 19.15
2017-06-30 73.07 3.18 14.63 18.26
2017-03-31 64.93 0.36 14.04 18.27
2016-12-31 53.39 -11.11 13.77 19.04
2016-09-30 50.88 -14.61 13.77 20.70
2016-06-30 53.79 -14.61 14.03 22.40
2016-03-31 56.29 -15.85 14.43 24.00
2015-12-31 59.52 -10.57 14.45 24.64
2015-09-30 61.15 -10.17 14.58 24.96
2015-06-30 61.69 -11.23 15.15 25.45
2015-03-31 61.77 -10.82 15.27 25.23
2014-12-31 60.92 -9.96 15.43 25.30
2014-09-30 60.80 -7.24 15.37 23.44
2014-06-30 59.00 -3.43 14.77 21.04
2014-03-31 53.39 -5.97 14.33 21.17
2013-12-31 48.12 -8.87 13.88 20.66
2013-09-30 46.71 -12.38 13.74 22.38
2013-06-30 47.68 -14.29 14.01 22.84
2013-03-31 53.65 -10.46 14.52 21.55
2012-12-31 59.71 -5.69 14.94 20.76
2012-09-30 62.97 -4.09 15.50 19.89
2012-06-30 64.07 -4.78 15.59 21.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pixelworks has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pixelworks has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pixelworks improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pixelworks's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pixelworks has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PXLW Health

 How is Pixelworks's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pixelworks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pixelworks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pixelworks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pixelworks's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.0094421582572E+16x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pixelworks Company Filings, last reported 2 months ago.

NasdaqGM:PXLW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 46.80 6.11 23.91
2018-12-31 44.82 0.00 24.01
2018-09-30 44.65 0.00 24.13
2018-06-30 41.70 0.00 20.17
2018-03-31 42.92 0.00 20.61
2017-12-31 39.44 6.07 27.52
2017-09-30 40.70 5.76 26.33
2017-06-30 26.81 0.00 32.25
2017-03-31 24.32 0.00 19.64
2016-12-31 19.05 0.00 19.62
2016-09-30 17.23 0.00 16.58
2016-06-30 17.43 0.00 17.75
2016-03-31 18.28 3.00 22.94
2015-12-31 26.38 3.00 26.59
2015-09-30 28.62 3.00 29.02
2015-06-30 11.86 3.00 14.43
2015-03-31 13.65 3.00 15.59
2014-12-31 15.68 3.00 17.93
2014-09-30 16.95 3.00 19.32
2014-06-30 17.69 3.00 20.91
2014-03-31 18.77 3.00 21.92
2013-12-31 18.94 3.00 20.81
2013-09-30 17.65 0.00 21.48
2013-06-30 5.78 3.50 11.23
2013-03-31 10.05 2.30 12.65
2012-12-31 14.67 0.00 13.40
2012-09-30 17.64 0.00 15.57
2012-06-30 17.20 0.00 15.10
  • Pixelworks's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (16% vs 0% today).
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.

  • Whilst loss making Pixelworks has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Pixelworks has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -51.8% per year.
X
Financial health checks
We assess Pixelworks's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pixelworks has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PXLW Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pixelworks dividends.
If you bought $2,000 of Pixelworks shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pixelworks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pixelworks's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:PXLW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:PXLW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pixelworks has not reported any payouts.
  • Unable to verify if Pixelworks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pixelworks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pixelworks 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.
X
Income/ dividend checks
We assess Pixelworks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pixelworks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pixelworks has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PXLW Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Todd DeBonis
COMPENSATION $1,210,200
AGE 53
TENURE AS CEO 3.2 years
CEO Bio

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 January 22, 2018. He served as the Chief Operating Officer of Pixelworks, Inc. since February 1, 2016 until April 28, 2016. Mr. DeBonis has more than 28 years experience in sales and marketing with industry-leading communications equipment and semiconductor companies. He served as Vice President of Global Sales & Strategic Development at TriQuint Semiconductor from 2004 to 2015. He served as Vice President of Worldwide Sales, Strategic Development and Customer Service of TriQuint Semiconductor, Inc. since 2010. He served as Vice President of Worldwide Sales and Customer Service at TriQuint Semiconductor, Inc. from 2006 to 2010 and served as its Vice President of Sales from 2004 to 2006. He served as the Vice President for Worldwide Sales and Marketing of Centillium Communications Inc. since December 2002 and served as the Vice President for Worldwide Sales from February 2002 to December 2002. He served as Consultant of VISCOM Systems Incorporated. He served as Vice President of Worldwide Sales at Ishoni Networks from July 2000 to February 2002. He served as Vice President of Sales and Marketing at Infineon Technologies Corporation. He served as the President of Viscom, a Consultant to several major Semiconductor Manufacturers. He has been a Director of Pixelworks, Inc since April 7, 2016. He was Director of POET Technologies Inc. since April 8, 2015 until January 22, 2018. Mr. DeBonis holds a BS degree in Electrical Engineering from the University of Nevada.

CEO Compensation
  • Todd's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Todd's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Pixelworks management team in years:

8.6
Average Tenure
58
Average Age
  • The average tenure for the Pixelworks management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Todd DeBonis

TITLE
President
COMPENSATION
$1M
AGE
53
TENURE
3.2 yrs

Steven Moore

TITLE
VP, CFO
COMPENSATION
$639K
AGE
63
TENURE
11.9 yrs

Reuben Aspacio

TITLE
Senior Vice President of Operations
AGE
57
TENURE
10.3 yrs

Bob Zhang

TITLE
Chief Technical Officer & Senior VP
COMPENSATION
$355K
AGE
59
TENURE
12.3 yrs

Greg Zafiris

TITLE
VP & General Counsel
TENURE
0.6 yrs

Ting Xiong

TITLE
Senior Vice President of Worldwide Sales
TENURE
2.7 yrs

Peter Carson

TITLE
Vice President of Marketing
TENURE
0.7 yrs

T Chan

TITLE
Executive Vice President of Engineering
COMPENSATION
$632K
AGE
65
TENURE
10.4 yrs

Neil Woodall

TITLE
Chief Architect & VP of DSP Engineering
AGE
58
TENURE
12.4 yrs

Richard Miller

TITLE
Executive Vice President of Technology
COMPENSATION
$563K
AGE
55
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the Pixelworks board of directors in years:

7
Average Tenure
58.5
Average Age
  • The tenure for the Pixelworks board of directors is about average.
Board of Directors

Dick Sanquini

TITLE
Chairman
COMPENSATION
$112K
AGE
83
TENURE
8.9 yrs

Todd DeBonis

TITLE
President
COMPENSATION
$1M
AGE
53
TENURE
3.2 yrs

Daniel Heneghan

TITLE
Director
COMPENSATION
$91K
AGE
62
TENURE
13.2 yrs

David Tupman

TITLE
Director
COMPENSATION
$80K
AGE
55
TENURE
5.2 yrs

Charles Gibson

TITLE
Independent Director
COMPENSATION
$85K
AGE
66
TENURE
17.1 yrs

Amy Bunszel

TITLE
Director
AGE
50
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pixelworks insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. May 19 Buy Todd DeBonis Individual 29. May 19 29. May 19 5,000 $2.88 $14,388
28. May 19 Buy Todd DeBonis Individual 24. May 19 24. May 19 10,000 $2.97 $29,665
09. May 19 Buy David Tupman Individual 08. May 19 08. May 19 30,000 $3.36 $100,800
09. May 19 Buy Todd DeBonis Individual 07. May 19 07. May 19 20,000 $3.49 $69,780
09. May 19 Buy Charles Gibson Individual 07. May 19 07. May 19 29,753 $3.34 $99,405
09. May 19 Buy Richard Sanquini Individual 07. May 19 07. May 19 1,492 $3.35 $4,992
09. May 19 Buy Daniel Heneghan Individual 08. May 19 09. May 19 20,000 $3.43 $64,972
01. Feb 19 Buy Steven Moore Individual 31. Jan 19 31. Jan 19 3,000 $2.75 $8,237
X
Management checks
We assess Pixelworks's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pixelworks has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PXLW News

Simply Wall St News

Should You Take Comfort From Insider Transactions At Pixelworks, Inc. (NASDAQ:PXLW)?

NasdaqGM:PXLW Recent Insider Trading, May 29th 2019 Pixelworks is not the only stock insiders are buying. … Insiders at Pixelworks Have Bought Stock Recently Over the last quarter, Pixelworks insiders have spent a meaningful amount on shares. … Insiders likely see value in Pixelworks shares, given these transactions (along with notable insider ownership of the company).

Simply Wall St -

What Does Pixelworks, Inc.'s (NASDAQ:PXLW) Share Price Indicate?

(NASDAQ:PXLW), which is in the semiconductor business, and is based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Pixelworks’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Simply Wall St -

One Thing To Remember About The Pixelworks, Inc. (NASDAQ:PXLW) Share Price

(NASDAQ:PXLW), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Update: Pixelworks (NASDAQ:PXLW) Stock Gained 77% In The Last Three Years

Pixelworks isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Shareholders of unprofitable companies usually expect strong revenue growth. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.

Simply Wall St -

How Should Investors React To Pixelworks, Inc.'s (NASDAQ:PXLW) CEO Pay?

Todd DeBonis has been the CEO of Pixelworks, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Todd DeBonis's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Much Of Pixelworks, Inc. (NASDAQ:PXLW) Do Insiders Own?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Pixelworks is a smaller company with a market capitalization of US$144m, so it may still be flying under the radar of many institutional investors. … Let's take a closer look to see what the different types of shareholder can tell us about PXLW

Simply Wall St -

Should You Take Comfort From Insider Transactions At Pixelworks, Inc. (NASDAQ:PXLW)?

So shareholders might well want to know whether insiders have been buying or selling shares in Pixelworks, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'? … We generally consider it a positive if insiders have been buying on market, even above the current price.

Simply Wall St -

What does Pixelworks, Inc.'s (NASDAQ:PXLW) Balance Sheet Tell Us About Its Future?

(NASDAQ:PXLW), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … I will take you through a few basic checks to assess the financial health of companies with no debt. … Does PXLW's growth rate justify its decision for financial flexibility over lower cost of capital.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Pixelworks Inc (NASDAQ:PXLW)?

If you're interested in Pixelworks Inc (NASDAQ:PXLW), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Does Pixelworks Inc's (NASDAQ:PXLW) CEO Pay Compare Well With Peers?

How Does Todd DeBonis's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m. … As you can see, Todd DeBonis is paid more than the median CEO pay at companies of a similar size, in the same market

Simply Wall St -

PXLW Company Info

Description

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. The company provides video display processor products, including image processor ICs, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; and video co-processor ICs that work with an image processor to post-process video signals to enhance the performance or feature set of the overall video solution, as well as transcoder ICs, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing for converting bitrates, resolutions, and codecs. As of December 31, 2018, it had an intellectual property portfolio of 361 patents related to the visual display of digital image data. The company’s products are used in digital projection systems, tablets, and smartphones, as well as over-the-air streaming devices. Pixelworks, Inc. sells its products through a direct sales force, as well as distributors and manufacturers’ representatives worldwide. The company was founded in 1997 and is headquartered in San Jose, California.

Details
Name: Pixelworks, Inc.
PXLW
Exchange: NasdaqGM
Founded: 1997
$110,002,071
37,543,369
Website: http://www.pixelworks.com
Address: Pixelworks, Inc.
226 Airport Parkway,
Suite 595,
San Jose,
California, 95110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM PXLW Common Stock Nasdaq Global Market US USD 19. May 2000
DB PXLX Common Stock Deutsche Boerse AG DE EUR 19. May 2000
Number of employees
Current staff
Staff numbers
215
Pixelworks employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 23:41
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/05/03
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.