Himax Technologies Inc
NASDAQ:HIMX
Intrinsic Value
Himax Technologies, Inc. is a semiconductor solution provider dedicated to display imaging processing technologies. [ Read More ]
The intrinsic value of one
HIMX
stock under the Base Case scenario is
3.94
USD.
Compared to the current market price of 4.83 USD,
Himax Technologies Inc
is
Overvalued by 18%.
Himax Technologies Inc's market capitalization is 845.1m USD.
HIMX stock price is 4.83 USD.
HIMX stock (3.94 USD) is 18% less than its price (4.83 USD).
HIMX has upside potential of 41% compared to the average analyst price target.
Open Wall St Estimates
HIMX's Revenue has been growing by 2% per year for the last 3 years.
HIMX's Altman Z-Score is equal to 2.56.
HIMX's ROE (Return on Equity) for the past 12 months is positive and is equal to 6%.
HIMX's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 4%.
HIMX has positive Net Income for the last twelve months.
HIMX has positive Operating Income for the last twelve months.
HIMX has positive Net Debt. This means that the company has more debt (488m USD) than cash and short-term investments (204m USD).
HIMX's Revenue has dropped by 21% over the past 12 months.
HIMX's ROIC (Return on Invested Capital) has significantly decreased in the last 3 years from 19% to 4%.
HIMX's short-term assets (1B USD) exceed its short-term liabilties (709m USD).
HIMX's ROE (Return on Equity) has significantly decreased in the last 3 years from 23% to 6%.
HIMX has positive Gross Profit for the last twelve months.
HIMX has positive Free Cash Flow for the last twelve months.
HIMX's long-term assets (2B USD) exceed its long-term liabilties (787m USD).
HIMX has very high three-year average ROIC (Return on Invested Capital): 27%. The company is very efficient at using invested capital to generate operating income.
HIMX's D/E (Debt to Equity) is very low and is equal to 0.57.
HIMX has very high three-year average ROE (Return on Equity): 33%. The company is very efficient at transforming stockholders' equity into net income.
HIMX generates enough operating income (43m USD) to cover interest payments on its debt (6m USD).
Valuation Backtest
Himax Technologies Inc
Run backtest to discover the historical profit from buying and selling
HIMX
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Himax Technologies Inc
Balance Sheet Decomposition
Himax Technologies Inc
| Current Assets | 1.2B |
| Cash & Short-Term Investments | 204.3m |
| Receivables | 237.4m |
| Other Current Assets | 759m |
| Non-Current Assets | 442.8m |
| Long-Term Investments | 26.8m |
| PP&E | 130.1m |
| Intangibles | 29m |
| Other Non-Current Assets | 257m |
| Current Liabilities | 708.8m |
| Accounts Payable | 107.3m |
| Short-Term Debt | 453m |
| Other Current Liabilities | 148.5m |
| Non-Current Liabilities | 77.8m |
| Long-Term Debt | 34.5m |
| Other Non-Current Liabilities | 43.3m |
Earnings Waterfall
Himax Technologies Inc
|
Revenue
|
945.4m
USD
|
|
Cost of Revenue
|
-681.9m
USD
|
|
Gross Profit
|
263.5m
USD
|
|
Operating Expenses
|
-220.3m
USD
|
|
Operating Income
|
43.2m
USD
|
|
Other Expenses
|
7.4m
USD
|
|
Net Income
|
50.6m
USD
|
Free Cash Flow Analysis
Himax Technologies Inc
What is Free Cash Flow?
HIMX Profitability Score
Profitability Due Diligence
Himax Technologies Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.
Score
Himax Technologies Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.
HIMX Solvency Score
Solvency Due Diligence
Himax Technologies Inc's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Score
Himax Technologies Inc's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
HIMX Price Targets Summary
Himax Technologies Inc
According to Wall Street analysts, the average 1-year price target for
HIMX
is 6.8 USD
with a low forecast of 6.06 USD and a high forecast of 7.35 USD.
Shareholder Return
HIMX Price
Himax Technologies Inc
| Average Annual Return | 45.59% |
| Standard Deviation of Annual Returns | 91.25% |
| Max Drawdown | -66% |
| Market Capitalization | 845.1m USD |
| Shares Outstanding | 174 979 000 |
| Percentage of Shares Shorted | 4.74% |
Company Profile
Himax Technologies Inc
Country
Industry
Market Cap
Dividend Yield
Description
Himax Technologies, Inc. is a semiconductor solution provider dedicated to display imaging processing technologies. The company is headquartered in Tainan, Tainan and currently employs 2,083 full-time employees. The company went IPO on 2006-03-31. The firm is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The firm operates through two segments: Driver IC and Non-driver products. In addition, the Company designs and provides controllers for touch sensor displays, liquid crystal on silicon micro-displays used in palm-size projectors and head-mounted displays, light-emitting diode driver ICs, power management ICs, scaler products for monitors and projectors, video processing IC solutions and silicon IPs. The company also offers digital camera solutions, including complementary metal-oxide-semiconductor image sensors and wafer level optics, which are used in a range of applications, such as mobile phone, tablet, laptop, televisions, personal computer camera, automobile, security and medical devices.
Contact
IPO
Employees
Officers
The intrinsic value of one
HIMX
stock under the Base Case scenario is
3.94
USD.
Compared to the current market price of 4.83 USD,
Himax Technologies Inc
is
Overvalued by 18%.
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