Ceva, Inc. (CEVA) vs Himax Technologies, Inc. (HIMX)

Ceva, Inc. and Himax Technologies, Inc. are both Semiconductors companies. Himax Technologies, Inc. is the larger, with a market value of $1.3B against $691.5M — 1.9× the size. Ceva, Inc. has negative trailing earnings, so its P/E is not meaningful; Himax Technologies, Inc. trades at 41.0×. Ceva, Inc. grew revenue faster over the last twelve months: 8.82% against −6.85%. Himax Technologies, Inc. has the higher net margin (4.26% vs −9.48%) and the higher return on invested capital (4.02% vs −5.04%). Across the 19 metrics below, Himax Technologies, Inc. leads on 12 and Ceva, Inc. on 7.

Valuation

Metric CEVA HIMX Semiconductors median
P/E n/m 40.97 40.58
P/S 6.53 1.78 6.53
P/B 2.22 1.62 4.63
Price to free cash flow n/m 54.67 50.51
EV/EBITDA n/m 18.47 22.09
EV/Sales 4.63 1.45 5.41
Earnings yield (1.48%) 2.44% 0.94%
Free cash flow yield (1.15%) 1.83% 1.01%

Profitability

Metric CEVA HIMX Semiconductors median
Gross margin 87.47% 31.07% 52.12%
Operating margin (8.33%) 4.94% 7.30%
Net margin (9.48%) 4.26% 3.87%
Free cash flow margin (0.92%) 3.25% 3.33%
Return on equity (3.62%) 3.96% 1.15%
Return on assets (3.16%) 2.03% 2.03%
Return on invested capital (5.04%) 4.02% 2.66%

Growth

Metric CEVA HIMX Semiconductors median
Revenue growth (TTM) 8.82% (6.85%) 17.60%
EPS growth (last fiscal year) (18.92%) (45.22%) 27.88%
Revenue growth, 5-year CAGR 1.78% (1.27%) 5.14%
Net income growth, 5-year CAGR 0.00% (1.39%) 0.00%

Health

Metric CEVA HIMX Semiconductors median
Debt to equity 0.00 0.65 0.13
Current ratio 10.12 1.55 3.35
Net debt to EBITDA 28.34 (12.39) 0.58

Dividend

Metric CEVA HIMX Semiconductors median
Dividend yield — 2.99% 1.58%
Payout ratio — 1.22 0.38

Size

Metric CEVA HIMX Semiconductors median
Market cap 691.47m 1.31b 4.99b

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