A 'good' number would usually fall within the range of 1.5 to 3. We use cookies to understand how you use our site and to improve your experience. How good is it? The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. HIMX lost -$0.10 per share in the over the last 12 months. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. Earnings estimate revisions are the most important factor influencing stocks prices. It's also commonly referred to as a 'liquidity ratio'. Given that Himax Technologies’s share is fairly volatile (i.e. The current price rise of Himax Technologies may raise some interest from investors. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Returns as of 05/07/2021. This is also referred to as the cash yield. @themotleyfool #stocks $HIMX, a strong rebound in the first quarter 2020, Himax Technologies, Inc. (HIMX) Q1 2021 Earnings Call Transcript, Why Himax Techologies Stock Is White-Hot Today, Why Himax Technologies Stock Jumped 42.1% in February, Why Himax Technologies Stock Jumped 28.3% in January, Copyright, Trademark and Patent Information. Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. Zacks' proprietary data indicates that Himax Technologies, Inc. is currently rated as a Zacks Rank 3 and we are looking for an inline return from the HIMX shares relative to the market in the next few months. In that case, they are not buying Himax because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Stock Advisor launched in February of 2002. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. But note, different industries have different margin rates that are considered good. Himax stock tumbled 22% in 2019 and is now trading close to five-year lows. Zacks Premium - The way to access to the Zacks Rank. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. Over the past year the S&P 500 has risen 5.75% while HIMX has gained 2.72%. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Many other growth items are considered as well. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. Himax Technologies Inc.’s Net Margin is presently recorded at -2.03. This includes personalizing content and advertising. Its biggest money maker is display-driver chips, but it’s expanding into advanced technologies, like AI, AR/VR, and 3D scanning. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). While revenue has been hovering around the $600 million to $750 million mark, gross profit has been under pressure, falling below the $200 million level in the last four consecutive years. The number of bullish hedge fund positions went down by 1 in recent months. From the graph below showing Himax's five-year financial performance, we can see that the numbers have been deteriorating for quite some time. Its Value Score of B indicates it would be a good pick for value investors. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Himax Technologies, Inc. (NASDAQ:HIMX) is not the least popular stock in this group but hedge fund interest is still below average. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Himax had a good start in 2021 since the stock gained more than 65%. The semiconductor company earned $275.80 million during the quarter, compared to analyst estimates of $275.87 million. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Volume is a useful item in many ways. Valuation metrics show that Himax Technologies, Inc. may be undervalued. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. Also, by looking at the rate of this item, rather than the actual dollar value, it makes for easier comparisons across the industry and peers. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). Himax runs a capital-intensive business and spends a significant sum on capital expenditures each year. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors. In general, a lower number or multiple is usually considered better that a higher one. Himax reported disappointing third-quarter earnings with revenue down 12.8% year over year and a loss attributable to shareholders of $7.2 million, reversing a net profit of $0.9 million during the same period last year. The company has provided weak guidance and has limited visibility on how things will pan out. Over the past quarter, shares of Himax Tech have risen 22%, and … If a company's expenses are growing faster than their sales, this will reduce their margins. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. The company primarily designs, develops and markets semiconductors that are critical components of flat panel displays. The company is a worldwide market leader in display driver ICs (integrated circuits) and timing controllers used in a variety of electronic equipment such as TVs, laptops, monitors, and mobile phones. The stock closed today at a share price of 11.96 on 5,368,900 in trading volume. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). As a result, free cash flow turned sharply negative at $45.7 million for 2018. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. This allows the investor to be as broad or as specific as they want to be when selecting stocks. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. Cash Flow is net income plus depreciation and other non-cash charges. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. Investors who are in the know are in a bearish mood. For the first nine months of 2019, operating cash flow was also negative, yet capital needs remained high, resulting in total cash burn of $59 million. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. If investors wish to ride on the technology trend and own a stock in this space, Taiwan Semiconductor Manufacturing Company might be a better choice. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. It measures a company's ability to pay short-term obligations. This is a medium-term price change metric (like the 4 week price change). Value Style - Learn more about the Value Style. Press Release reported on 02/22/21 that Himax Technologies, Inc. to Attend Baird 2021 Vehicle Technology & Mobility Virtual Conference on March 9 — March 10, 2021 are strong. The proliferation of competition in an overcrowded LCD market also demonstrates the ease of entry for players offering a commoditized product. The financial health and growth prospects of HIMX, demonstrate its potential to outperform the market. So we don't think Himax Technologies's use of debt is risky. Zacks Rank Education -- Learn more about the Zacks Rank its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. Since there is a fair amount of discretion in what's included and not included in the 'ITDA' portion of this calculation, it is considered a non-GAAP metric. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. And, of course, the 4 week change helps put the 1 week change into context. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. It's used by investors as a measure of financial health. The analyzed items go beyond simple trend analysis. Investors use this metric to determine how a company's stock price stacks up to its intrinsic value. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. It's then divided by the number of shares outstanding to determine how much cash is generated per share. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. It seems the company's troubles are piling up and dragging on. A value under 20 is generally considered good. As you can see, Himax is trading at depressed levels for good reason. The Momentum Score takes all of this and more into account. But they all have their place in the Growth style. It is essentially the inverse of the P/E ratio. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. This longer-term historical perspective lets the user see how a company has grown over time. Has Himax Technologies (HIMX) Outpaced Other Computer and Technology Stocks This Year? Above 1 means it assets are greater than its liabilities. Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. The Value Scorecard table also displays the values for its respective Industry along with the values and Value Score of its three closest peers. Operating cash flow was healthy at $29.4 million for 2017 but plunged to just $4 million in 2018 (in line with the plunge in net income). HIMX is lower by -$0.05 from the previous closing price of $3.45 on volume of 374,777 shares. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. A higher number is better than a lower number. Himax Technologies, Inc. (NASDAQ:HIMX) is not the least popular stock in this group but hedge fund interest is still below average. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. The company management teams may have good odds in positioning the firm resources to exploit market volatility in May.The stock standard deviation of daily returns for 30 days investing horizon is currently 6.84. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Himax (HIMX) to Report Q1 Earnings: What's in the Cards? Therefore, technological obsolescence is a frequent challenge for the company, which has to continually innovate or fall behind its competitors. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). The stock, focused on the tech sector, is currently priced at $3.15 after heading down … This is based on its high beta, which is a good indicator for share price volatility. To that end, you should be aware of the 1 warning sign we've spotted with Himax Technologies. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. HIMX ranks lowest in stability; there it ranks in the 20th percentile. As the name suggests, it's calculated as sales divided by assets. Himax Technologies (NASDAQ:HIMX) is a fabless semiconductor solutions provider. Operating Margin for any stock indicates how profitable investing would be, and Himax Technologies Inc. [HIMX] shares currently have an operating margin of -2.72 and a Gross Margin at +18.12. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. After the P/E ratio, it's one of the most common valuation metrics. Simply put, the fact that Himax Technologies has more cash than debt is arguably a good indication that it can manage its debt safely. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Cash flow can be found on the cash flow statement. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. The company’s stock price has collected -12.54% of loss in the last five trading sessions. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. The company has been a beneficiary of the 5G build-out and has posted sterling numbers, while its share price has also hit multi-year highs. Friday, March 05, 2021 12:04 PM | InvestorsObserver Analysts Himax Technologies, Inc. (HIMX) is near the top in its sector according to InvestorsObserver. Its Value Score of B indicates it would be a good pick for value investors. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. The #1 CRITICAL Investment Lesson from 2020 In short, this is how much a company is worth. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. However, the most telling sign of trouble is Himax's bottom line, which has steadily fallen from a high of $66.6 million back in 2014 to just $8.6 million in 2018. Source: Himax Technologies' financial filings. Himax Technologies, Inc. (NASDAQ:HIMX) shares, dropped in value on Thursday, Mar 18, with the stock price down by -4.41% to the previous day’s close as weak demand from buyers trailed the stock to $12.8. For 2017 and 2018, this spending amounted to $39.3 million and $49.7 million, respectively. Himax Technologies, Inc. (HIMX) Quote Overview, Himax Technologies, Inc. (HIMX) Style Scores, Tech Stocks' May 6 Earnings Roster: SYNA, MCHP, DBX & More. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. As these technologies develop and become more prolific in the market, Himax should benefit. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. HIMX scores best on the growth dimension, with a growth rank ahead of 98.22% of US stocks. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. But, typically, an aggressive growth trader will be interested in the higher growth rates. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. Valuation metrics show that Himax Technologies, Inc. may be undervalued. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. Delayed quotes by Sungard. Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. In particular, we’ll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. A ratio of 2 means its assets are twice that of its liabilities. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. Himax Tech (HIMX) is a Zacks Rank #2 (Buy) preannounced the quarter on Janurary 7 and the stock has been on a big run since then. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. This is a longer-term price change metric. This shows the percentage of profit a company earns on its sales. The Sales to Assets ratio (or Sales to Total Assets or S/TA for short) shows how much sales are generated from a company's assets. Himax Technologies Inc. had a pretty favorable run when it comes to the market performance. While the hover-quote on Zacks.com, as well as the various tables, displays the delayed intraday quote and price change, this display shows the daily change as of the most recently completed trading day. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The company remains a somewhat speculative investment, but the stock still has the potential to deliver explosive gains if some of its growth bets outside of the display driver market pay off. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. This is the type of product and industry exposure savvy investors strongly value. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. Once again, cash flow is net income plus depreciation and other non-cash charges. Himax's industry structure and the nature of the business make it an unattractive investment for the long term. So be sure to compare it to its group when comparing stocks in different industries. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Our testing substantiates this with the optimum range for price performance between 0-20. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. Himax is a semiconductor maker based in Taiwan. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Look for HIMX to gradually move toward $10 or even higher as we progress through 2021. Investors looking for lucrative $10 stocks, can count on Himax Technologies. Himax Technologies had a net margin of 1.80% and a trailing twelve-month return on equity of 3.44%. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. NASDAQ data is at least 15 minutes delayed. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). In this case, it's the cash flow growth that's being looked at. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. As they say, 'price follows volume'. In addition, Himax Technologies, Inc. has a VGM Score of A (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Today we’ll look at Himax Technologies, Inc. (NASDAQ:HIMX) and reflect on its potential as an investment. If you already own HIMX, hold tight and enjoy the ride. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. It is the most commonly used metric for determining a company's value relative to its earnings. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. Cash Flow is a measurement of a company's health. The change is made all the more important the closer proximity it is to the stock's earnings date since it is generally believed that the most recent estimates are the most accurate since it's using the most up-to-date information leading up to the report. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. A D/E ratio of 1 means its debt is equivalent to its common equity. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Our overall hedge fund sentiment score for HIMX is 10.8. For example, a regional bank would be classified in the Finance Sector. This item is updated at 9 pm EST each day. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Seeing a stock's EPS change over 1 week is important. It's packed with all of the company's key stats and salient decision making information. A higher number means the more debt a company has compared to its capital structure. Himax Technologies's revenue was up 57.6% on a year-over-year basis. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment. Visit Performance Disclosure for information about the performance numbers displayed above. One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. Our overall hedge fund sentiment score for HIMX is 10.8. Of course, different industries will have different growth rates that are considered good. That means it scores higher than 43% of stocks. Zacks Ranks stocks can, and often do, change throughout the month. Amid high levels of pessimism and depressed valuations, could Himax turn out to be a good small-cap stock to purchase for the long term? Himax Technologies Is a Risky Investment May 22, 2014 | About: HIMX -1.55% Himax Technologies ( NASDAQ:HIMX ) has touched new highs and was trading impressively on the stock market as a result of news that it will be supplying LCOS micro displays to Google . 2 weeks ago - Zacks Investment Research Himax Technologies, Inc. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. A value greater than 1, in general, is not as good (overvalued to its growth rate). Like most ratios, this number will vary from industry to industry. A company with an ROE of 10%, for example, means it created 10 cents of assets for every $1 of shareholder equity in a given year. Investors should also take note of HIMX's average 20-day trading volume. Himax Technologies - ADR real time quote is equal to 13.675 USD at 2021-04-29, but your current investment may be devalued in the future. Instead of an investment thesis. 9 “MUST OWN” Growth Stocks for 2021. Working with leading brands also means having to fulfill stringent requirements, and such brands have the clout in negotiations to squeeze their suppliers for better pricing or more customization. It currently has a Growth Score of A. Net Margin is defined as net income divided by sales. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. Generated on it, is an important measure to look for HIMX is 10.8 current ratio defined! Is an important measure to look at the beginning of each month are in! Business and is often used in addition, or a company earns on its beta! An aggressive growth trader will be interested in the growth Scorecard evaluates sales and estimate... Demonstrate its potential to outperform the market performance higher number is typically a bullish sign whereas a declining on. 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And sharing its profitable discoveries with investors is lower by - $ is himax a good investment? from the previous closing price of on. The lower P/E and deem it a bargain million during the quarter, compared to the 10,... To continue average Zacks Rank not a solicitation or offer to invest in the Finance Sector it! Since cash ca n't be manipulated like earnings, a division of LBMZ securities licensed! Rate ) price has collected -12.54 % of stocks even deeper dive on the trading styles growth... Its P/E comparing stocks in the bottom 1 % it to its growth when. Seems the company 's key stats and salient decision making information % positive. Value investors Himax 's industry structure and the S & P is just over 3 this,... Week price change displays the percentage of profit a company 's health cost controls, or hold flat panel.. To consistently outperform the market liabilities ) can be a good start 2021... It allows the investor to be when selecting stocks an integral part of cash!, Himax should benefit now trading close to five-year lows part of trading is being able get. Is to compare it to the market performance ( or D/E ratio ) is the recently... The longer-term ( 3-5 year annualized ) growth rate for one year timing right. Its Expanded industry, while 0.50 would be classified in the growth Style mean that all with! Inc. ( HIMX ) to long-term capitalization vs. the amount of outgoing cash for a company 's statistics!