Himax Technologies, Inc. (NASDAQ:HIMX)

Himax Technologies, Inc. HIMX

Technology - Semiconductors - NASDAQ - TW

Watchlist

$ 5.18

-2.45 %

$ 905 M

Market Cap

11.77

P/E

1. INTRINSIC VALUE

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 operates through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices. The company also designs and provides controllers for touch sensor displays; in-cell touch and display driver integration single-chip solutions; light-emitting diode driver and power management ICs; and liquid crystal on silicon microdisplays for augmented reality (AR) devices and head-up displays for the automotive industry.[ Read More ]

The intrinsic value of one HIMX stock under the base case scenario is HIDDEN Compared to the current market price of 5.18 USD, Himax Technologies, Inc. is HIDDEN

HIMX Intrinsic Value
HIDDEN

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2. FUNDAMENTAL ANALYSIS

Price Chart HIMX

FINANCIALS

Annual
Quarterly

947 M REVENUE

Growth Rates

1Year -21.13%

3Years 2.21%

5Years 5.54%

7Years 2.39%

10Years 2.09%

43.2 M OPERATING INCOME

Growth Rates

1Year -83.22%

3Years -9.31%

5Years 66.42%

7Years -4.41%

10Years -5.28%

49.4 M NET INCOME

Growth Rates

1Year -79.01%

3Years 3.05%

5Years 52.33%

7Years 0.20%

10Years -1.23%

153 M OPERATING CASH FLOW

Growth Rates

1Year 84.75%

3Years 14.29%

5Years 107.22%

7Years 8.84%

10Years 11.32%

-88.9 M INVESTING CASH FLOW

Growth Rates

1Year -592.63%

3Years -58.40%

5Years -18.36%

7Years -43.40%

10Years -11.28%

-93.6 M FINANCING CASH FLOW

Growth Rates

1Year 55.66%

3Years -209.68%

5Years -102.93%

7Years -22.42%

10Years -10.86%

222 M REVENUE

Growth Rates

1Year -21.13%

3Years 2.21%

5Years 5.54%

7Years 2.39%

10Years 2.09%

5.86 M OPERATING INCOME

Growth Rates

1Year -83.22%

3Years -9.31%

5Years 66.42%

7Years -4.41%

10Years -5.28%

12.8 M NET INCOME

Growth Rates

1Year -79.01%

3Years 3.05%

5Years 52.33%

7Years 0.20%

10Years -1.23%

-3.14 M OPERATING CASH FLOW

Growth Rates

1Year 84.75%

3Years 14.29%

5Years 107.22%

7Years 8.84%

10Years 11.32%

13 M INVESTING CASH FLOW

Growth Rates

1Year -592.63%

3Years -58.40%

5Years -18.36%

7Years -43.40%

10Years -11.28%

-53.4 M FINANCING CASH FLOW

Growth Rates

1Year 55.66%

3Years -209.68%

5Years -102.93%

7Years -22.42%

10Years -10.86%

Balance Sheet Decomposition Himax Technologies, Inc.

1.64 B ASSETS
780 M LIABILITIES

Current Assets	1.2 B
Cash & Short-Term Investments	659 M
Receivables	236 M
Other Current Assets	305 M
Non-Current Assets	443 M
Long-Term Investments	26.8 M
PP&E	126 M
Other Non-Current Assets	290 M

Current Liabilities	709 M
Accounts Payable	107 M
Short-Term Debt	464 M
Other Current Liabilities	138 M
Non-Current Liabilities	70.9 M
Long-Term Debt	41.2 M
Other Non-Current Liabilities	29.7 M

EFFICIENCY

Earnings Waterfall Himax Technologies, Inc.

Revenue	947 M
Cost Of Revenue	699 M
Gross Profit	248 M
Operating Expenses	220 M
Operating Income	43.2 M
Other Expenses	-6.21 M
Net Income	49.4 M

RATIOS

26.22% GROSS MARGIN

Averages

1Year 26.22%

3Years 38.39%

5Years 32.11%

7Years 29.76%

10Years 28.06%

4.56% OPERATING MARGIN

Averages

1Year 4.56%

3Years 20.41%

5Years 13.06%

7Years 9.56%

10Years 8.74%

5.34% NET MARGIN

Averages

1Year 5.34%

3Years 17.77%

5Years 11.24%

7Years 8.78%

10Years 7.94%

5.91% ROE

Averages

1Year 5.91%

3Years 27.56%

5Years 17.75%

7Years 13.83%

10Years 12.75%

3.08% ROA

Averages

1Year 3.08%

3Years 14.75%

5Years 9.49%

7Years 7.42%

10Years 6.95%

3.56% ROIC

Averages

1Year 3.56%

3Years 20.26%

5Years 13.07%

7Years 9.56%

10Years 8.72%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Himax Technologies, Inc.

Net Income	49.4 M
Depreciation & Amortization	20.3 M
Capital Expenditures	-23.5 M
Stock-Based Compensation	2.66 M
Change in Working Capital	116 M
Others	-74.8 M
Free Cash Flow	130 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Himax Technologies, Inc.

HIMX has no price targets from Wall Street.

4. DIVIDEND ANALYSIS

5.30% DIVIDEND YIELD

0.29 USD DIVIDEND PER SHARE

5. COMPETITION

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ASX

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United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally.

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UMC

Overvalued 69.60%

MaxLinear, Inc. provides radiofrequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide.

46.5 USD

MXL

Undervalued 225.42%

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, Ireland, and internationally.

3.65 USD

LEDS

Undervalued 201.32%

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.

104 USD

SIMO

Undervalued 102.78%

Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.

12.7 USD

TSM

Overvalued 93.18%

Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally.

-1.68 USD

Overvalued 138.11%

ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, People's Republic of China, Japan, Singapore, and internationally.

0.624 USD

IMOS

Overvalued 96.80%

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions for the internet of things (IoT) and digital identity ecosystems in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America.

0 USD

WKEY

Overvalued 100.00%

6. Ownership

Insider Ownership Himax Technologies, Inc.

Summary
Transactions

Sold

0-3 MONTHS

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3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price

7. News

Himax Technologies, Inc. to Attend UBS Global Technology and AI Conference on December 2 – 5, 2024 TAINAN, Taiwan, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will attend UBS Global Technology and AI Conference on December 2 – 5, 2024 at The Phoenician Hotel in Scottsdale, Arizona. globenewswire.com - 3 days ago

Himax Technologies, Inc. HIMX () Q3 2024 Earnings Call Transcript Himax Technologies, Inc. (NASDAQ:HIMX ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Eric Li - Chief IR and PR Officer Jordan Wu - President and Chief Executive Officer Jessica Pan - Chief Financial Officer Conference Call Participants Donnie Teng - Nomura Operator Hello, ladies and gentlemen. Welcome to the Himax Technologies Inc. Third Quarter 2024 Earnings Conference Call. seekingalpha.com - 1 week ago

Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance Q3 2024 Revenues and EPS both Surpassed Guidance while Gross Margin In Line With Guidance Range Issued on Aug. 8, 2024 Company Q4 2024 Guidance: Revenues to be flat to slightly down QoQ, Gross Margin is Expected to be flat to slightly up QoQ, Profit per diluted ADS to be 9.3 Cents to 11.0 Cents globenewswire.com - 1 week ago

Himax Achieves Mass Production of In-Cell Touch TDDI Technology for Leading AI Laptop Brands Innovative Architecture and Technology Enable Ultra-Large Displays, Slimmer Bezels, Streamlined Design, and Significantly Enhance Touch Performance and User Experience, Driving Advancements in Next-Generation Laptops Innovative Architecture and Technology Enable Ultra-Large Displays, Slimmer Bezels, Streamlined Design, and Significantly Enhance Touch Performance and User Experience, Driving Advancements in Next-Generation Laptops globenewswire.com - 1 month ago

Himax Technologies: Navigating The Down Cycle I reiterate the 'Buy' rating on Himax Technologies with a fair value of $10 per share, driven by strong automotive display solutions. Himax's automotive business, including DDIC, TDDI, TCON, LTDI, and OLED, showed significant growth, accounting for over 47% of total sales. Despite a projected 12%-17% revenue decline in Q3 FY24 due to high-interest rates, long-term growth in the automotive IC market remains promising. seekingalpha.com - 1 month ago

Himax Technologies, Inc. Schedules Third Quarter 2024 Financial Results Conference Call on Thursday, November 7 at 8:00 AM EST TAINAN, Taiwan, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, November 7 at 8:00 a.m. US Eastern Standard Time and 9:00 p.m. Taiwan Time to discuss the Company's third quarter 2024 financial results. globenewswire.com - 1 month ago

5 Tech Stocks That You've Never Heard of Pay Big High-Yield Dividends 24/7 Wall St. Insights Dividend stocks could be poised to trade higher as interest rates fall. 247wallst.com - 2 months ago

Himax Technologies, Inc. (HIMX) Q2 2024 Earnings Call Transcript Himax Technologies, Inc. (NASDAQ:HIMX ) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Eric Li - Chief IR and PR Officer Jordan Wu - President and Chief Executive Officer Jessica Pan - Chief Financial Officer Conference Call Participants Donnie Teng - Nomura Operator Hello, ladies and gentlemen, welcome to the Himax Technologies Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 3 months ago

Himax Technologies, Inc. Reports Second Quarter 2024 Financial Results; Provides Third Quarter 2024 Guidance Q2 2024 Revenues Surpassed Guidance while Gross Margin and EPS In Line With Guidance Range Issued on May 9, 2024 Company Q3 2024 Guidance: Revenues to Decrease 12.0 % to 17.0% QoQ, Gross Margin is Expected to be Around 30%, Profit per diluted ADS to be 1.5 Cents to 4.5 Cents globenewswire.com - 3 months ago

3 Smart Semiconductor Stocks That You Can Buy on Discount Now Semiconductor stocks represent one of the most powerful investment categories as the central asset undergirds myriad digital innovations. Without the most advanced computer chips, none of the innovations that we take for granted – especially artificial intelligence – would be possible. investorplace.com - 3 months ago

E Ink and Himax Unveil Advanced Color ePaper Timing Controller ASIC T2000 HSINCHU and TAINAN, Taiwan, July 31, 2024 (GLOBE NEWSWIRE) -- E Ink Holdings Inc. (8069.TWO) (“E Ink"), an originator, pioneer and commercial leader in ePaper technology and Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the joint debut of next generation color ePaper timing controller ASIC (“TCON”), the T2000. The new TCON design drives screen updates at a faster speed with lower power consumption, supporting a broad spectrum of color ePaper technology platforms aimed at eReaders, digital signages, and other ePaper platforms. The T2000 eNote handwriting function eliminates the need for a system-on-chip (“SoC”), simplifying the development process and significantly enhancing screen refresh speed to provide a smooth writing experience. globenewswire.com - 3 months ago

3 Under-the-Radar Stocks Ready to Skyrocket Like Super Micro Computer Semiconductor companies and their customers are major contributors to the current market momentum. This means that finding and buying under-the-radar growth stocks in the semiconductor industry might provide high returns. investorplace.com - 3 months ago

8. Profile Summary

Himax Technologies, Inc. HIMX

COUNTRY TW

INDUSTRY Semiconductors

MARKET CAP $ 905 M

Dividend Yield 5.30%

Description 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 operates through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices. The company also designs and provides controllers for touch sensor displays; in-cell touch and display driver integration single-chip solutions; light-emitting diode driver and power management ICs; and liquid crystal on silicon microdisplays for augmented reality (AR) devices and head-up displays for the automotive industry. In addition, it offers complementary metal-oxide-semiconductor image sensors and wafer-level optics for AR devices, 3D sensing, and ultra-low power AI image sensing, which are used in various applications, such as mobile phones, tablets, laptops, TV, PC camera, automobile, security, medical devices, home appliance, Internet of Things, etc. The company markets its display drivers and display-related products to panel manufacturers, agents or distributors, module manufacturers, and assembly houses; and non-driver products to camera module manufacturers, optical engine manufacturers, and television system manufacturers. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.

Contact No.26, Zih Lian Road, Tainan City, 74148 https://www.himax.com.tw

IPO Date March 31, 2006

Employees 2200

Officers Mr. Jordan Wu Co-Founder, President, Chief Executive Officer & Director Ms. Ming-Feng Pan Chief Financial Officer Mr. Tzung-I Li Chief of IR/PR Officer & Spokesperson Dr. Biing-Seng Wu Founder & Chairman of the Board Mr. Chang Tsai Hsien Vice President of Sales & Operations

Price Chart HIMX

Himax Technologies, Inc. HIMX

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