Himax Technologies, Inc. [NASDAQ:HIMX]: Analyst Rating and Earnings
Expert stock traders often make certain they pay attention what leading Wall Street analysts think regarding a potential stock purchase. As it relates to Himax Technologies, Inc. [HIMX] currently, the latest ratings from Wall St. experts that can be seen publicly is related to the fiscal quarter that’s scheduled to end in December. On average, stock market experts give HIMX an Hold rating. The average 12-month price forecast for this stock is $5.75, with the high estimate being $7.00, the low estimate being $4.00 and the median estimate amounting to $5.75. This is compared to its latest closing price of $3.43.
Wall Street analysts provide their ratings on a scale of 1 to 5, and the current average score for Himax Technologies, Inc. [HIMX] is sitting at 3.00. This is compared to 1 month ago, when its average rating was 3.00.
For the quarter ending in Sep-18 Himax Technologies, Inc. [HIMX] generated $0.19 billion in sales. That’s 2.30% higher than the average estimate of $0.18 billion as provided by Wall Street analysts. The three indicators above suggest that the company is performing better than market experts expected, boosting its appeal as a solid investment.
Pay attention to the next-scheduled financial results for this company to be released, which is slated for Tue 12 Feb (In 33 Days).
Fundamental Analysis of Himax Technologies, Inc. [HIMX]
Now let’s turn to look at profitability: with a current Operating Margin for Himax Technologies, Inc. [HIMX] sitting at +1.19 and its Gross Margin at +24.38, this company’s Net Margin is now 3.30%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is 1.35, and its Return on Invested Capital has reached 0.60%. Its Return on Equity is 6.07, and its Return on Assets is 3.50. These metrics suggest that this Himax Technologies, Inc. does a poor job of managing its assets, and likely won’t be able to provide successful business outcomes for its investors in the near term.
Turning to investigate this organization’s capital structure, Himax Technologies, Inc. [HIMX] has generated a Total Debt to Total Equity ratio of 32.19. Similarly, its Total Debt to Total Capital is 24.35, while its Total Debt to Total Assets stands at 18.33.
What about valuation? This company’s Enterprise Value to EBITDA is 17.85 and its Total Debt to EBITDA Value is 5.90. The Enterprise Value to Sales for this firm is now 0.62, and its Total Debt to Enterprise Value stands at 0.09. Himax Technologies, Inc. [HIMX] has a Price to Book Ratio of 3.93, a Price to Cash Flow Ratio of 60.89 and P/E Ratio of 28.59. These metrics suggest that this publicly-traded organization will not likely result in investment gains.
Shifting the focus to workforce efficiency, Himax Technologies, Inc. [HIMX] earns $314,097 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 3.53 and its Total Asset Turnover is 0.86. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.56 and its Current Ratio is 1.96. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Let’s now turn our attention to trading performance: Himax Technologies, Inc. [HIMX] has 174.09M shares outstanding, amounting to a total market cap of $689.40M. Its stock price has been found in the range of 3.03 to 10.86. At its current price, it has moved by -63.54% from its 52-week high, and it has moved 30.69% from its 52-week low.
This stock’s Beta value is currently -0.14, which indicates that it is more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 55.25. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Himax Technologies, Inc. [HIMX] a Reliable Buy?
Himax Technologies, Inc. [HIMX] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.