Himax Stock Buy Hold or Sell Recommendation

HIMX
 Stock
  

USD 6.96  0.14  1.97%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Himax Technologies is 'Strong Hold'. Macroaxis provides Himax Technologies buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HIMX positions. The advice algorithm takes into account all of Himax Technologies' available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Himax Technologies' buy-and-hold perspective. Please check Himax Technologies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Himax and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Himax Technologies.

Execute Himax Technologies Buy or Sell Advice

The Himax recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Himax Technologies. Macroaxis does not own or have any residual interests in Himax Technologies or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Himax Technologies' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Himax TechnologiesBuy Himax Technologies
Strong Hold

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Details

Reporting Quality (M-Score)

Details
For the selected time horizon Himax Technologies has a Risk Adjusted Performance of 0.1407, Jensen Alpha of 0.1892, Total Risk Alpha of 0.1479, Sortino Ratio of 0.08 and Treynor Ratio of 0.1808
We provide advice to complement the regular expert consensus on Himax Technologies. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Himax Technologies is not overpriced, please check out all Himax Technologies fundamentals, including its price to sales, short ratio, z score, as well as the relationship between the cash per share and market capitalization . Given that Himax Technologies has a price to earning of 26.23 X, we strongly advise you to confirm Himax Technologies market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Himax Technologies Trading Alerts and Improvement Suggestions

Himax Technologies has very high historical volatility over the last 90 days
About 30.0% of the company shares are held by company insiders

Himax Technologies Returns Distribution Density

The distribution of Himax Technologies' historical returns is an attempt to chart the uncertainty of Himax Technologies' future price movements. The chart of the probability distribution of Himax Technologies stock daily returns describes the distribution of returns around its average expected value. We use Himax Technologies price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Himax Technologies returns is essential to provide solid investment advice for Himax Technologies.
Mean Return0.31Value At Risk-4.95
Potential Upside6.04Standard Deviation3.40
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Himax Technologies historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Himax Technologies Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Himax Technologies or Semiconductors & Semiconductor Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Himax Technologies' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Himax stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.19
β
Beta against NYSE Composite1.64
σ
Overall volatility
3.45
Ir
Information ratio 0.07

Himax Technologies Volatility Alert

Himax Technologies currently demonstrates below-average downside deviation. It has Information Ratio of 0.07 and Jensen Alpha of 0.19. However, we advise investors to further question Himax Technologies expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Himax Technologies' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Himax Technologies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Himax Technologies Implied Volatility

Himax Technologies' implied volatility exposes the market's sentiment of Himax Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Himax Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Himax Technologies stock will not fluctuate a lot when Himax Technologies' options are near their expiration.

Himax Technologies Fundamentals Vs Peers

Comparing Himax Technologies' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Himax Technologies' direct or indirect competition across all of the common fundamentals between Himax Technologies and the related equities. This way, we can detect undervalued stocks with similar characteristics as Himax Technologies or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Himax Technologies' fundamental indicators could also be used in its relative valuation, which is a method of valuing Himax Technologies by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Himax Technologies to competition
FundamentalsHimax TechnologiesPeer Average
Return On Equity0.42 %(0.31) %
Return On Asset0.17 %(0.14) %
Profit Margin0.24 %(1.27) %
Operating Margin0.29 %(5.51) %
Current Valuation1.48 B16.62 B
Shares Outstanding174.3 M571.82 M
Shares Owned by Insiders30.13 %10.09 %
Shares Owned by Institutions17.60 %39.21 %
Number of Shares Shorted10 M4.71 M
Price to Earning26.23 X28.72 X
Price to Book1.52 X9.51 X
Price to Sales0.89 X11.42 X
Revenue1.55 B9.43 B
Gross Profit748.58 M27.38 B
EBITDA569.97 M3.9 B
Net Income433.94 M570.98 M
Cash and Equivalents461.63 M2.7 B
Cash per Share2.64 X5.01 X
Total Debt46.5 M5.32 B
Debt to Equity0.24 %48.70 %
Current Ratio1.77 X2.16 X
Book Value Per Share4.85 X1.93 K
Cash Flow from Operations388.28 M971.22 M
Short Ratio6.91 X4.00 X
Earnings Per Share1.93 X3.12 X
Price to Earnings To Growth2.81 X4.89 X
Target Price7.65
Number of Employees2.1 K18.84 K
Beta2.0-0.15
Market Capitalization1.24 B19.03 B
Total Asset1.6 B29.47 B
Retained Earnings256.69 M9.33 B
Working Capital345.11 M1.48 B

About Himax Technologies Buy or Sell Advice

When is the right time to buy or sell Himax Technologies? Buying financial instruments such as Himax Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

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Iron
Iron Theme
Companies involved in production of steel and iron. The Iron theme has 40 constituents at this time.
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Please check Himax Technologies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Is Himax Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Himax Technologies. If investors know Himax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Himax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.93) 
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
(0.49) 
Return On Assets
0.1667
Return On Equity
0.424
The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Himax Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.