Himax Technologies Stock Analysis

HIMX Stock  USD 5.31  0.05  0.93%   
Himax Technologies is undervalued with Real Value of 6.74 and Target Price of 7.9. The main objective of Himax Technologies stock analysis is to determine its intrinsic value, which is an estimate of what Himax Technologies is worth, separate from its market price. There are two main types of Himax Technologies' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Himax Technologies' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Himax Technologies' stock to identify patterns and trends that may indicate its future price movements.
The Himax Technologies stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Himax Technologies is usually not traded on Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day. Himax Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Himax Technologies' ongoing operational relationships across important fundamental and technical indicators.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.

Himax Stock Analysis Notes

About 31.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.09. Some equities with similar Price to Book (P/B) outperform the market in the long run. Himax Technologies has Price/Earnings To Growth (PEG) ratio of 2.81. The entity last dividend was issued on the 29th of June 2023. Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan. Himax Technologies operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 2100 people. To learn more about Himax Technologies call Jordan Wu at 886 6 505 0880 or check out https://www.himax.com.tw.

Himax Technologies Quarterly Total Revenue

230.72 Million

Himax Technologies Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Himax Technologies' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Himax Technologies or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Himax Technologies generated a negative expected return over the last 90 days
Himax Technologies is unlikely to experience financial distress in the next 2 years
Himax Technologies has a strong financial position based on the latest SEC filings
About 31.0% of the company shares are held by company insiders
Latest headline from news.google.com: QRG Capital Management Inc. Invests 228000 in Himax Technologies, Inc. - AmericanBankingNEWS

Himax Technologies Upcoming and Recent Events

Earnings reports are used by Himax Technologies to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Himax Technologies previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
6th of February 2024
Upcoming Quarterly Report
View
31st of December 2023
Next Fiscal Quarter End
View

Himax Largest EPS Surprises

Earnings surprises can significantly impact Himax Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2017-08-03
2017-06-30-0.0025-0.01-0.0075300 
2010-11-08
2010-09-300.010.0025-0.007575 
2023-05-11
2023-03-310.080.090.0112 
View All Earnings Estimates

Himax Technologies SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Himax Technologies prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Himax Technologies investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Himax Technologies specific information freely available to individual and institutional investors to make a timely investment decision.

Himax Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Himax Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Himax Technologies backward and forwards among themselves. Himax Technologies' institutional investor refers to the entity that pools money to purchase Himax Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Qube Research & Technologies2023-09-30
394.9 K
Blackrock Inc2023-09-30
389.4 K
Point72 Asset Management, L.p.2023-09-30
384.2 K
Kennedy Capital Management Inc2023-09-30
307.2 K
Susquehanna International Group, Llp2023-09-30
264.2 K
Wells Fargo & Co2023-09-30
259.7 K
Causeway Capital Management Llc2023-09-30
258.2 K
Voloridge Investment Management, Llc2023-09-30
255.2 K
O'shaughnessy Asset Management Llc2023-12-31
252.5 K
Lazard Asset Management Llc2023-09-30
4.4 M
Acadian Asset Management Llc2023-09-30
1.5 M
Note, although Himax Technologies' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Himax Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 936.51 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Himax Technologies's market, we take the total number of its shares issued and multiply it by Himax Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Himax Profitablity

Himax Technologies' profitability indicators refer to fundamental financial ratios that showcase Himax Technologies' ability to generate income relative to its revenue or operating costs. If, let's say, Himax Technologies is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Himax Technologies' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Himax Technologies' profitability requires more research than a typical breakdown of Himax Technologies' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.05 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.07 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.07.
Last ReportedProjected for 2024
Return on Average Assets 0.03  0.03 
Return on Average Equity 0.06  0.06 
Return on Invested Capital 0.04  0.05 
Return on Sales 0.06  0.06 

Management Efficiency

Himax Technologies has return on total asset (ROA) of 0.0162 % which means that it generated a profit of $0.0162 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0562 %, meaning that it created $0.0562 on every $100 dollars invested by stockholders. Himax Technologies' management efficiency ratios could be used to measure how well Himax Technologies manages its routine affairs as well as how well it operates its assets and liabilities. Return on Average Assets is likely to rise to 0.03 in 2024. Return on Average Equity is likely to rise to 0.06 in 2024. At this time, Himax Technologies' Goodwill and Intangible Assets are fairly stable as compared to the past year. Asset Turnover is likely to rise to 0.69 in 2024, whereas Total Assets are likely to drop slightly above 1.5 B in 2024.
Last ReportedProjected for 2024
Book Value per Share 4.91  4.50 
Enterprise Value over EBIT 27.00  22.44 
Enterprise Value over EBITDA 19.54  18.75 
Price to Book Value 1.24  1.74 
Tangible Assets Book Value per Share 9.26  8.27 
Enterprise Value1.4 B1.3 B
Tangible Asset Value1.6 B1.4 B
The analysis of Himax Technologies' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Himax Technologies' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Himax Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0896
Forward Dividend Yield
0.0896
Forward Dividend Rate
0.48
Beta
2.094

Technical Drivers

As of the 28th of February, Himax Technologies retains the Market Risk Adjusted Performance of (0.12), risk adjusted performance of (0.05), and Standard Deviation of 2.01. Himax Technologies technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have collected data for thirteen technical drivers for Himax Technologies, which can be compared to its competitors. Please check out Himax Technologies variance and skewness to decide if Himax Technologies is priced fairly, providing market reflects its last-minute price of 5.31 per share. Given that Himax Technologies has information ratio of (0.17), we strongly advise you to confirm Himax Technologies's regular market performance to make sure the company can sustain itself at a future point.

Himax Technologies Price Movement Analysis

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Himax Technologies middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Himax Technologies. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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Himax Technologies Predictive Daily Indicators

Himax Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Himax Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Himax Technologies Forecast Models

Himax Technologies' time-series forecasting models are one of many Himax Technologies' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Himax Technologies' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Himax Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Himax Technologies prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Himax shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Himax Technologies. By using and applying Himax Stock analysis, traders can create a robust methodology for identifying Himax entry and exit points for their positions.
Last ReportedProjected for 2024
EBITDA Margin 0.08  0.11 
Gross Margin 0.28  0.31 
Profit Margin 0.05  0.07 

Current Himax Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Himax analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Himax analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
7.9Buy3Odds
Himax Technologies current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Himax analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Himax stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Himax Technologies, talking to its executives and customers, or listening to Himax conference calls.
Himax Analyst Advice Details

Himax Stock Analysis Indicators

Himax Technologies stock analysis indicators help investors evaluate how Himax Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Himax Technologies shares will generate the highest return on investment. By understating and applying Himax Technologies stock analysis, traders can identify Himax Technologies position entry and exit signals to maximize returns.
Begin Period Cash Flow591 M
Common Stock Shares Outstanding174.8 M
Total Stockholder Equity856.7 M
Tax Provision87 K
Quarterly Earnings Growth Y O Y-0.441
Property Plant And Equipment Net130.1 M
Cash And Short Term Investments659.3 M
Cash644.7 M
Accounts Payable107.3 M
Net Debt-151.2 M
50 Day M A5.8714
Total Current Liabilities708.7 M
Other Operating Expenses904.2 M
Non Current Assets Total442.8 M
Forward Price Earnings9.8425
Non Currrent Assets Other243.5 M
Stock Based Compensation3.4 M
When determining whether Himax Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Himax Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Himax Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Himax Technologies Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himax Technologies. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Himax Stock please use our How to Invest in Himax Technologies guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Himax Technologies' price analysis, check to measure Himax Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.
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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
(0.44)
Earnings Share
0.29
Revenue Per Share
5.418
Quarterly Revenue Growth
(0.13)
Return On Assets
0.0162
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 if Himax Technologies is a good investment 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.