Ambiq Micro, Inc. (AMBQ) vs Himax Technologies, Inc. (HIMX)

Ambiq Micro, Inc. and Himax Technologies, Inc. are both Semiconductors companies. Himax Technologies, Inc. is the larger, with a market value of $2.4B against $1.7B — 1.5× the size. Ambiq Micro, Inc. has negative trailing earnings, so its P/E is not meaningful; Himax Technologies, Inc. trades at 70.4×. Ambiq Micro, Inc. grew revenue faster over the last twelve months: 32.0% against −6.85%. Himax Technologies, Inc. has the higher net margin (4.26% vs −37.8%) and the higher return on invested capital (4.02% vs −70.0%). Across the 17 metrics below, Himax Technologies, Inc. leads on 12 and Ambiq Micro, Inc. on 5.

Valuation

Metric AMBQ HIMX Semiconductors median
P/E n/m 70.39 49.41
P/S 15.50 3.05 8.58
P/B 3.75 2.78 5.49
Price to free cash flow n/m 93.92 47.02
EV/EBITDA n/m 34.76 30.78
EV/Sales 11.76 2.72 8.79
Earnings yield (3.04%) 1.42% 0.62%
Free cash flow yield (2.64%) 1.06% 0.59%

Profitability

Metric AMBQ HIMX Semiconductors median
Gross margin 43.62% 31.07% 52.25%
Operating margin (43.34%) 4.94% 4.85%
Net margin (37.77%) 4.26% 4.77%
Free cash flow margin (40.89%) 3.25% 8.65%
Return on equity (75.94%) 3.96% 3.11%
Return on assets (14.09%) 2.03% 1.91%
Return on invested capital (69.96%) 4.02% 2.46%

Growth

Metric AMBQ HIMX Semiconductors median
Revenue growth (TTM) 32.04% (6.85%) 16.66%
EPS growth (last fiscal year) 95.98% (45.22%) —
Revenue growth, 5-year CAGR — (1.27%) 5.60%
Net income growth, 5-year CAGR — (1.39%) 0.00%

Health

Metric AMBQ HIMX Semiconductors median
Debt to equity 0.00 0.65 0.05
Current ratio 15.95 1.55 3.35
Net debt to EBITDA 4.34 (12.39) 0.58

Dividend

Metric AMBQ HIMX Semiconductors median
Dividend yield — 20.47% 1.93%
Payout ratio — 1.25 0.00

Size

Metric AMBQ HIMX Semiconductors median
Market cap 1.68b 2.44b 5.67b

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