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 $2.4B against $1.4B — 1.7× the size. Wolfspeed, Inc. has negative trailing earnings, so its P/E is not meaningful; Himax Technologies, Inc. trades at 70.4×. 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 70.39 n/m 49.41
P/S 3.05 2.15 8.58
P/B 2.78 n/m 5.49
Price to free cash flow 93.92 n/m 47.02
EV/EBITDA 34.76 n/m 30.78
EV/Sales 2.72 0.76 8.79
Earnings yield 1.42% (56.99%) 0.62%
Free cash flow yield 1.06% 0.00% 0.59%

Profitability

Metric HIMX WOLF Semiconductors median
Gross margin 31.07% 58.82% 52.25%
Operating margin 4.94% 46.14% 4.85%
Net margin 4.26% (159.30%) 4.77%
Free cash flow margin 3.25% 0.00% 8.65%
Return on equity 3.96% 0.00% 3.11%
Return on assets 2.03% 0.00% 1.91%
Return on invested capital 4.02% 0.00% 2.46%

Growth

Metric HIMX WOLF Semiconductors median
Revenue growth (TTM) (6.85%) — 16.66%
EPS growth (last fiscal year) (45.22%) — —
Revenue growth, 5-year CAGR (1.27%) — 5.60%
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 3.35
Net debt to EBITDA (12.39) — 0.58

Dividend

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

Size

Metric HIMX WOLF Semiconductors median
Market cap 2.44b 1.43b 5.67b

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