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 $1.3B against $1.1B — 1.2× the size. Wolfspeed, Inc. has negative trailing earnings, so its P/E is not meaningful; Himax Technologies, Inc. trades at 37.9×. Himax Technologies, Inc. has the higher net margin (4.26% vs 0.65%) 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 37.91 n/m 36.98
P/S 1.64 1.56 6.03
P/B 1.50 n/m 3.87
Price to free cash flow 50.59 n/m 43.80
EV/EBITDA 16.78 n/m 20.84
EV/Sales 1.31 0.16 5.07
Earnings yield 2.64% (44.77%) 1.13%
Free cash flow yield 1.98% 0.00% 1.06%

Profitability

Metric HIMX WOLF Semiconductors median
Gross margin 31.07% 58.82% 52.21%
Operating margin 4.94% 46.14% 5.47%
Net margin 4.26% 0.65% 4.26%
Free cash flow margin 3.25% 0.00% 5.02%
Return on equity 3.96% 0.00% 2.86%
Return on assets 2.03% 0.00% 2.03%
Return on invested capital 4.02% 0.00% 2.28%

Growth

Metric HIMX WOLF Semiconductors median
Revenue growth (TTM) (6.85%) — 17.60%
EPS growth (last fiscal year) (45.22%) — 27.66%
Revenue growth, 5-year CAGR (1.27%) — 5.14%
Net income growth, 5-year CAGR (1.39%) — 0.00%

Health

Metric HIMX WOLF Semiconductors median
Debt to equity 0.65 0.00 0.12
Current ratio 1.55 7.73 3.39
Net debt to EBITDA (12.39) — 0.53

Dividend

Metric HIMX WOLF Semiconductors median
Dividend yield 3.23% — 1.62%
Payout ratio 1.22 — 0.38

Size

Metric HIMX WOLF Semiconductors median
Market cap 1.31b 1.08b 5.69b

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