Himax Technologies, Inc. (HIMX) vs nLight (LASR)

Himax Technologies, Inc. and nLight are both Semiconductors companies. Himax Technologies, Inc. and nLight are of similar size ($2.4B and $2.4B). nLight has negative trailing earnings, so its P/E is not meaningful; Himax Technologies, Inc. trades at 70.4×. nLight grew revenue faster over the last twelve months: 43.2% against −6.85%. Himax Technologies, Inc. has the higher net margin (4.26% vs −4.02%) and the higher return on invested capital (4.02% vs −9.70%). Across the 20 metrics below, Himax Technologies, Inc. leads on 10 and nLight on 10.

Valuation

Metric HIMX LASR Semiconductors median
P/E 70.39 n/m 49.41
P/S 3.05 7.40 8.58
P/B 2.78 5.23 5.49
Price to free cash flow 93.92 54.80 47.02
EV/EBITDA 34.76 n/m 30.78
EV/Sales 2.72 6.41 8.79
Earnings yield 1.42% (0.62%) 0.62%
Free cash flow yield 1.06% 1.82% 0.59%

Profitability

Metric HIMX LASR Semiconductors median
Gross margin 31.07% 31.52% 52.25%
Operating margin 4.94% (5.47%) 4.85%
Net margin 4.26% (4.02%) 4.77%
Free cash flow margin 3.25% 13.50% 8.65%
Return on equity 3.96% (3.80%) 3.11%
Return on assets 2.03% (3.07%) 1.91%
Return on invested capital 4.02% (9.70%) 2.46%

Growth

Metric HIMX LASR Semiconductors median
Revenue growth (TTM) (6.85%) 43.24% 16.66%
EPS growth (last fiscal year) (45.22%) 62.99% —
Revenue growth, 5-year CAGR (1.27%) 3.24% 5.60%
Net income growth, 5-year CAGR (1.39%) 0.00% 0.00%

Health

Metric HIMX LASR Semiconductors median
Debt to equity 0.65 0.00 0.05
Current ratio 1.55 8.17 3.35
Net debt to EBITDA (12.39) 10.87 0.58

Dividend

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

Size

Metric HIMX LASR Semiconductors median
Market cap 2.44b 2.37b 5.67b

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