HIMAX TECHNOLOGIES Reports Second Quarter FY2023 Financial Results on August 10, 2023
August 13, 2023
🌥️Earnings Overview
On August 10 2023, HIMAX TECHNOLOGIES ($NASDAQ:HIMX) announced their financial results for the second quarter of the fiscal year 2023, ending June 30 2023. The total revenue for the quarter was USD 235.0 million, reflecting a 24.8% decrease year over year. Moreover, net income saw a drastic decline of 98.7%, amounting to USD 0.89 million in comparison to the same period of the prior year.
Market Price
These figures demonstrate the company’s continued financial success and commitment to strong long-term growth. Overall, HIMAX TECHNOLOGIES reported strong financial results for the second quarter of FY2023 and investors responded positively to the news. The company’s stock opened at $6.5 and closed at $6.6, demonstrating investors’ confidence in the company’s financial performance and outlook for the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Himax Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 955.16 | 66.29 | 6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Himax Technologies. More…
| Operations | Investing | Financing |
| 69.85 | -69.55 | -240.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Himax Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.64k | 811.92 | 4.73 |
Key Ratios Snapshot
Some of the financial key ratios for Himax Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 444.0% | 7.1% |
| FCF Margin | ROE | ROA |
| 6.1% | 4.9% | 2.6% |
Analysis
At GoodWhale, we conducted an analysis of HIMAX TECHNOLOGIES‘ financials, and the results were quite impressive. According to our Star Chart analysis, HIMAX TECHNOLOGIES has a high health score of 7/10, indicating that it is capable of paying off its debt and funding future operations. HIMAX TECHNOLOGIES is strong in assets, medium in growth, profitability and weak in dividends. Consequently, we classify HIMAX TECHNOLOGIES as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. The analysis conducted by GoodWhale would make it an attractive option for investors looking for a company that is established and has a solid financial standing. Investors who are risk-averse and who prefer to invest in companies that have achieved moderate success with their finances would be most interested in investing in HIMAX TECHNOLOGIES. More…
Peers
The company offers a range of semiconductor products, including display drivers, power management ICs, and image sensors. Himax’s competitors include Elite Semiconductor Microelectronics Tech Inc, Novatek Microelectronics Corp, and Parade Technologies Ltd.
– Elite Semiconductor Microelectronics Tech Inc ($TWSE:3006)
Elite Semiconductor Microelectronics Tech Inc is a leading provider of advanced semiconductor solutions. The company has a market cap of 17.02B as of 2022 and a Return on Equity of 19.95%. Elite Semiconductor offers a comprehensive portfolio of products and services that enable its customers to develop innovative, high-performance semiconductor solutions. The company’s products are used in a variety of applications, including mobile devices, automotive electronics, industrial and consumer electronics, and communications and networking. Elite Semiconductor is headquartered in Hsinchu, Taiwan.
– Novatek Microelectronics Corp ($TWSE:3034)
Nanovatek Microelectronics Corp is a Taiwanese semiconductor company that designs, manufactures, and markets a variety of integrated circuits and semiconductor devices. The company has a market cap of 144.22B as of 2022 and a return on equity of 48.1%. Nanovatek’s products include a variety of analog and digital integrated circuits, as well as a number of other semiconductor devices. The company’s products are used in a variety of electronic products and applications, such as mobile phones, personal computers, and other digital consumer electronics.
– Parade Technologies Ltd ($TPEX:4966)
Parade Technologies Ltd is a leading provider of mixed-signal IC solutions for a variety of emerging applications. The company’s market cap is $54.66B as of 2022 and its ROE is 20.34%. Parade’s IC solutions are used in a variety of applications, including display interface, high-speed data storage and networking, and touch controllers. The company’s products are essential to the functioning of a variety of electronic devices, from smartphones to TVs to automotive infotainment systems.
Summary
Himax Technologies‘ Q2 2023 financial results show a significant year-on-year decrease in total revenue and net income. Total revenue decreased 24.8% to USD 235.0 million, while net income dropped 98.7% to USD 0.89 million. For investors, this could be a signal of diminishing financial performance in the near future, as well as hinting at riskier prospects. Investors should remain cautious and take into account the company’s track record and fundamentals, including its financial debt levels and market conditions, before making any decisions.
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