Himax Technologies, Inc. (HIMX) vs Power Integrations, Inc. (POWI)

Himax Technologies, Inc. and Power Integrations, Inc. are both Semiconductors companies. Power Integrations, Inc. is the larger, with a market value of $2.8B against $2.4B — 1.2× the size. Himax Technologies, Inc. trades at the lower P/E: 70.4× against 114×. Power Integrations, Inc. grew revenue faster over the last twelve months: 1.56% against −6.85%. Power Integrations, Inc. has the higher net margin (5.58% vs 4.26%) and the lower return on invested capital (2.27% vs 4.02%). Both pay a dividend; Himax Technologies, Inc. yields more (20.5% vs 1.02%). Across the 23 metrics below, Himax Technologies, Inc. leads on 13 and Power Integrations, Inc. on 10.

Valuation

Metric HIMX POWI Semiconductors median
P/E 70.39 113.52 49.41
P/S 3.05 6.48 8.58
P/B 2.78 4.28 5.49
Price to free cash flow 93.92 37.36 47.02
EV/EBITDA 34.76 64.92 30.78
EV/Sales 2.72 5.89 8.79
Earnings yield 1.42% 0.88% 0.62%
Free cash flow yield 1.06% 2.68% 0.59%

Profitability

Metric HIMX POWI Semiconductors median
Gross margin 31.07% 53.64% 52.25%
Operating margin 4.94% 3.38% 4.85%
Net margin 4.26% 5.58% 4.77%
Free cash flow margin 3.25% 17.62% 8.65%
Return on equity 3.96% 3.62% 3.11%
Return on assets 2.03% 3.18% 1.91%
Return on invested capital 4.02% 2.27% 2.46%

Growth

Metric HIMX POWI Semiconductors median
Revenue growth (TTM) (6.85%) 1.56% 16.66%
EPS growth (last fiscal year) (45.22%) (30.36%) —
Revenue growth, 5-year CAGR (1.27%) (1.91%) 5.60%
Net income growth, 5-year CAGR (1.39%) (20.86%) 0.00%

Health

Metric HIMX POWI Semiconductors median
Debt to equity 0.65 0.00 0.05
Current ratio 1.55 7.07 3.35
Net debt to EBITDA (12.39) (6.73) 0.58

Dividend

Metric HIMX POWI Semiconductors median
Dividend yield 20.47% 1.02% 1.93%
Payout ratio 1.25 0.47 0.00

Size

Metric HIMX POWI Semiconductors median
Market cap 2.44b 2.84b 5.67b

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