Financials Himax Technologies, Inc.

Equities

HIMX

US43289P1066

Semiconductors

Market Closed - Nasdaq 04:00:00 2024-05-31 pm EDT 5-day change 1st Jan Change
6.5 USD +0.78% Intraday chart for Himax Technologies, Inc. +0.78% +7.08%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 457.9 1,272 2,784 1,082 1,059 1,136 - -
Enterprise Value (EV) 1 567.1 1,250 2,652 1,277 1,360 1,378 1,376 1,403
P/E ratio -33.7 x 27.2 x 6.4 x 4.58 x 20.9 x 15.1 x 13.2 x 15.7 x
Yield - - 1.7% 7.73% - 4.54% 4.23% 3.85%
Capitalization / Revenue 0.68 x 1.43 x 1.8 x 0.9 x 1.12 x 1.22 x 1.15 x 1.09 x
EV / Revenue 0.84 x 1.41 x 1.71 x 1.06 x 1.44 x 1.48 x 1.39 x 1.35 x
EV / EBITDA 93.1 x 15.3 x 4.68 x 4.58 x 21.4 x 12.5 x 11.9 x 12.9 x
EV / FCF -14.8 x 12.9 x 6.96 x 18 x 10.5 x 22.8 x 21.7 x 36.9 x
FCF Yield -6.75% 7.75% 14.4% 5.57% 9.52% 4.39% 4.6% 2.71%
Price to Book 1.06 x 2.66 x 3.21 x 1.23 x 1.24 x 1.24 x 1.21 x 1.22 x
Nbr of stocks (in thousands) 172,145 172,184 174,089 174,299 174,417 174,724 - -
Reference price 2 2.660 7.390 15.99 6.210 6.070 6.500 6.500 6.500
Announcement Date 2/13/20 2/4/21 2/17/22 2/9/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 671.8 887.3 1,547 1,201 945.4 930.8 988.5 1,038
EBITDA 1 6.092 81.52 566.4 278.9 63.53 110 115.5 109
EBIT 1 -18.31 57.93 545 257.6 43.21 88 93.5 86
Operating Margin -2.72% 6.53% 35.23% 21.44% 4.57% 9.45% 9.46% 8.29%
Earnings before Tax (EBT) 1 -15.77 56.87 544.6 276.6 44.39 94 97.5 85
Net income 1 -13.61 47.13 436.9 237 50.62 79.5 86.5 72
Net margin -2.03% 5.31% 28.24% 19.73% 5.35% 8.54% 8.75% 6.94%
EPS 2 -0.0790 0.2720 2.498 1.356 0.2900 0.4318 0.4935 0.4139
Free Cash Flow 1 -38.27 96.82 380.7 71.11 129.5 60.5 63.3 38
FCF margin -5.7% 10.91% 24.61% 5.92% 13.69% 6.5% 6.4% 3.66%
FCF Conversion (EBITDA) - 118.77% 67.22% 25.49% 203.77% 55% 54.81% 34.86%
FCF Conversion (Net income) - 205.42% 87.14% 30.01% 255.77% 76.1% 73.18% 52.78%
Dividend per Share 2 - - 0.2720 0.4800 - 0.2950 0.2750 0.2500
Announcement Date 2/13/20 2/4/21 2/17/22 2/9/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 420.9 451.9 412.8 312.6 213.6 262.3 244.2 235 238.5 227.7 207.6 229.4 242.5 250.7 223.9
EBITDA - - - - - - - - - - - - - - -
EBIT 1 148.2 178 142.4 83.76 3.945 27.53 17.58 -2.142 11.09 16.68 10.03 25 22 32 22
Operating Margin 35.22% 39.38% 34.48% 26.79% 1.85% 10.49% 7.2% -0.91% 4.65% 7.33% 4.83% 10.9% 9.07% 12.76% 9.82%
Earnings before Tax (EBT) 1 148.2 178.1 145.4 86.44 5.559 39.18 17.59 -0.518 11.97 15.35 12.28 26 23 33 23
Net income 1 118.7 142.4 115.9 70.64 8.319 42.16 14.93 0.888 11.24 23.56 12.5 19.5 18.5 29.5 21
Net margin 28.2% 31.51% 28.07% 22.6% 3.89% 16.07% 6.11% 0.38% 4.71% 10.35% 6.02% 8.5% 7.63% 11.77% 9.38%
EPS 2 0.6800 0.8150 0.6630 0.4040 0.0480 0.2410 0.0850 0.005000 0.0640 0.1350 0.0710 0.1267 0.0763 0.1597 0.1170
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/4/21 2/17/22 5/12/22 8/11/22 11/10/22 2/9/23 5/11/23 8/10/23 11/9/23 2/6/24 5/9/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 109 - - 194 302 242 241 267
Net Cash position 1 - 22.4 132 - - - - -
Leverage (Debt/EBITDA) 17.93 x - - 0.6963 x 4.749 x 2.203 x 2.083 x 2.45 x
Free Cash Flow 1 -38.3 96.8 381 71.1 129 60.5 63.3 38
ROE (net income / shareholders' equity) -3.1% 10.3% 64.7% 26.9% 5.79% 11% 9.4% 7.8%
ROA (Net income/ Total Assets) -1.65% 5.45% - 14.3% 3.03% 5.9% 5.87% -
Assets 1 827.6 864.1 - 1,652 1,673 1,347 1,474 -
Book Value Per Share 2 2.510 2.780 4.980 5.040 4.900 5.240 5.370 5.340
Cash Flow per Share - 0.2600 2.220 1.760 - - - -
Capex 1 45.9 5.79 7.56 11.8 23.4 12.7 11.5 8
Capex / Sales 6.84% 0.65% 0.49% 0.98% 2.47% 1.36% 1.16% 0.77%
Announcement Date 2/13/20 2/4/21 2/17/22 2/9/23 2/6/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
6.5 USD
Average target price
6.4 USD
Spread / Average Target
-1.54%
Consensus
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  4. Financials Himax Technologies, Inc.