So i have been looking into Himax (HIMX) a Taiwan semi-conductor stock. They reported absurd growth in revenue and profits in 2021 to the point that the stock seems criminal unvervalued in a time where higher growing stocks are priced to the moon. However in their presentation:
https://www.himax.com.tw/wp-content/uploads/2022/02/4Q21_HIMX-Investor-Presentation_Final.pdf
There is one sheet that stood out, (number 30) here the revenue growth is visible yet it also shows that their actual units sold decreased with 10% from 2020 to 2021. And even 30-40% decrease since their peak in 2014. Some questions remaining what makes this a bull or bear case would be:
– Are current price levels sustainable?
– Are these prices temp. due to shortages and absurd demand in the market?
– Are these prices sustainable due to a shift to higher margin products?
I was wondering if anyone had ever taken a look at this company. Its also a Taiwan stock so the whole China tension weighs in as well.
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