Himax Statistics

Share Statistics

Himax has 174.91M shares outstanding. The number of shares has increased by 0.11% in one year.

Shares Outstanding	174.91M
Shares Change (YoY)	0.11%
Shares Change (QoQ)	0.11%
Owned by Institutions (%)	36.71%
Shares Floating	174.91M
Failed to Deliver (FTD) Shares	216
FTD / Avg. Volume	0.02%

Short Selling Information

The latest short interest is 6.39M, so 3.66% of the outstanding shares have been sold short.

Short Interest	6.39M
Short % of Shares Out	3.66%
Short % of Float	4.84%
Short Ratio (days to cover)	5.82

Valuation Ratios

The PE ratio is 17.62 and the forward PE ratio is 12.5. Himax's PEG ratio is 0.27.

PE Ratio	17.62
Forward PE	12.5
PS Ratio	1.55
Forward PS	1.3
PB Ratio	1.58
P/FCF Ratio	13.65
PEG Ratio	0.27

Financial Ratio History

Enterprise Valuation

Himax has an Enterprise Value (EV) of 3.14B.

EV / Sales	3.46
EV / EBITDA	34.64
EV / EBIT	27.06
EV / FCF	30.49

Financial Position

The company has a current ratio of 1.65, with a Debt / Equity ratio of 0.61.

Current Ratio	1.65
Quick Ratio	1.43
Debt / Equity	0.61
Debt / EBITDA	6.02
Debt / FCF	5.3
Interest Coverage	17

Financial Efficiency

Return on Equity is 8.96% and Return on Invested Capital is 4.57%.

Return on Equity	8.96%
Return on Assets	4.86%
Return on Invested Capital	4.57%
Revenue Per Employee	$416.54K
Profits Per Employee	$36.64K
Employee Count	2,177
Asset Turnover	0.55
Inventory Turnover	3.97

Taxes

Income Tax	2.44M
Effective Tax Rate	3.15%

Stock Price Statistics

The stock price has increased by 32.78% in the last 52 weeks. The beta is 2.26, so Himax's price volatility has been higher than the market average.

Beta	2.26
52-Week Price Change	32.78%
50-Day Moving Average	9
200-Day Moving Average	8.09
Relative Strength Index (RSI)	22.22
Average Volume (20 Days)	1,241,837

Income Statement

In the last 12 months, Himax had revenue of 906.8M and earned 79.75M in profits. Earnings per share was 0.46.

Revenue	906.8M
Gross Profit	276.2M
Operating Income	68.22M
Net Income	79.75M
EBITDA	90.58M
EBIT	68.22M
Earnings Per Share (EPS)	0.46

Full Income Statement

Balance Sheet

The company has 218.15M in cash and 545.36M in debt, giving a net cash position of -327.21M.

Cash & Cash Equivalents	218.15M
Total Debt	545.36M
Net Cash	-327.21M
Retained Earnings	664.6M
Total Assets	1.64B
Working Capital	486.27M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 115.98M and capital expenditures -13.05M, giving a free cash flow of 102.92M.

Operating Cash Flow	115.98M
Capital Expenditures	-13.05M
Free Cash Flow	102.92M
FCF Per Share	0.59

Full Cash Flow Statement

Margins

Gross margin is 30.46%, with operating and profit margins of 7.52% and 8.8%.

Gross Margin	30.46%
Operating Margin	7.52%
Pretax Margin	8.53%
Profit Margin	8.8%
EBITDA Margin	9.99%
EBIT Margin	7.52%
FCF Margin	11.35%

Dividends & Yields

HIMX pays an annual dividend of $0.37, which amounts to a dividend yield of 4.14%.

Dividend Per Share	$0.37
Dividend Yield	4.14%
Dividend Growth (YoY)	27.59%
Payout Ratio	68.52%
Earnings Yield	5.68%
FCF Yield	3.66%

Dividend Details

Analyst Forecast

The average price target for HIMX is $15, which is 108% higher than the current price. The consensus rating is "Buy".

Price Target	$15
Price Target Difference	108%
Analyst Consensus	Buy
Analyst Count	1

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$4.8
Lynch Upside	-33.43%
Graham Number	3.62
Graham Upside	-49.79%

Scores

Altman Z-Score	2.75
Piotroski F-Score	7

Himax Technologies Inc. (HIMX)