Himax Technologies, Inc. (HIMX) vs Wolfspeed, Inc. (WOLF)

Himax Technologies, Inc. and Wolfspeed, Inc. are both Semiconductors companies. Himax Technologies, Inc. is the larger, with a market value of $2.1B against $1.4B — 1.5× the size. Wolfspeed, Inc. has negative trailing earnings, so its P/E is not meaningful; Himax Technologies, Inc. trades at 56.6×. Himax Technologies, Inc. has the higher net margin (4.26% vs −159.3%) and the higher return on invested capital (4.02% vs 0.00%). Across the 13 metrics below, Himax Technologies, Inc. leads on 7 and Wolfspeed, Inc. on 6.

Valuation

Metric HIMX WOLF Semiconductors median
P/E 56.55 n/m 45.58
P/S 2.45 1.81 7.63
P/B 2.23 n/m 4.90
Price to free cash flow 75.46 n/m 48.34
EV/EBITDA 27.10 n/m 28.36
EV/Sales 2.12 0.41 7.15
Earnings yield 1.77% (67.93%) 0.75%
Free cash flow yield 1.33% 0.00% 0.67%

Profitability

Metric HIMX WOLF Semiconductors median
Gross margin 31.07% 58.82% 52.28%
Operating margin 4.94% 46.14% 4.76%
Net margin 4.26% (159.30%) 4.26%
Free cash flow margin 3.25% 0.00% 8.47%
Return on equity 3.96% 0.00% 2.59%
Return on assets 2.03% 0.00% 1.78%
Return on invested capital 4.02% 0.00% 2.27%

Growth

Metric HIMX WOLF Semiconductors median
Revenue growth (TTM) (6.85%) — 16.92%
EPS growth (last fiscal year) (45.22%) — 27.17%
Revenue growth, 5-year CAGR (1.27%) — 5.83%
Net income growth, 5-year CAGR (1.39%) — 0.00%

Health

Metric HIMX WOLF Semiconductors median
Debt to equity 0.65 0.00 0.05
Current ratio 1.55 7.73 3.28
Net debt to EBITDA (12.39) — 0.58

Dividend

Metric HIMX WOLF Semiconductors median
Dividend yield 2.16% — 1.19%
Payout ratio 1.22 — 0.40

Size

Metric HIMX WOLF Semiconductors median
Market cap 2.06b 1.37b 5.43b

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