MagnaChip Semiconductor Corp Stock Research

Market Summary

USD8.95-0.16

Market Closed

-1.76%

MX Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

MX Stock Price

MX RSI Chart

MX Valuation

Market Cap

392.2M

Price/Earnings (Trailing)

-48.81

Price/Sales (Trailing)

1.16

EV/EBITDA

13.76

Price/Free Cashflow

-21.52

MX Price/Sales (Trailing)

MX Profitability

EBT Margin

-0.85%

Return on Equity

-1.88%

Return on Assets

-1.56%

Free Cashflow Yield

-4.65%

MX Fundamentals

MX Revenue

Revenue (TTM)

337.7M

Revenue Y/Y

-44.72%

Revenue Q/Q

-14.34%

MX Earnings

Earnings (TTM)

-8.0M

Earnings Y/Y

-94.46%

Earnings Q/Q

117.28%

Price Action

52 Week Range

8.4520.64

(Low)(High)

Last 7 days

2.5%

Last 30 days

-8.3%

Last 90 days

2.3%

Trailing 12 Months

-48.1%

MX Financial Health

Current Ratio

7.15

MX Investor Care

Buy Backs (1Y)

4.02%

Diluted EPS (TTM)

-0.18

Peers (Alternatives to MagnaChip Semiconductor)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NVDA	654.3B	27.0B	13.94%	-4.12%	149.78	24.26	0.22%	-55.21%
AVGO	261.4B	34.4B	9.28%	2.93%	22.74	7.6	20.74%	70.65%
TXN	161.6B	20.0B	4.68%	-2.19%	18.48	8.07	9.18%	12.61%
AMD	155.7B	23.6B	23.72%	-19.27%	117.98	6.6	43.61%	-58.25%
INTC	120.7B	63.1B	16.07%	-41.20%	15.06	1.91	-20.21%	-59.66%
FSLR	22.4B	2.6B	29.59%	163.83%	-507.24	8.55	-10.40%	-109.42%
LSCC	12.4B	660.4M	9.49%	45.12%	69.32	18.78	28.14%	86.49%
MID-CAP
AMKR	6.3B	7.1B	2.00%	7.40%	8.22	0.89	15.53%	19.10%
POWI	4.7B	651.1M	0.51%	-14.12%	27.58	7.24	-7.41%	3.92%
SMALL-CAP
ICHR	874.2M	1.3B	-6.57%	-16.02%	12.01	0.68	16.70%	2.69%
SGH	786.5M	1.8B	-5.74%	-39.41%	15.11	0.43	8.07%	32.37%
AOSL	709.0M	794.4M	-5.16%	-60.53%	8.96	0.89	9.29%	-82.10%
CEVA	673.9M	134.6M	-8.34%	-27.95%	-29.07	5.01	9.73%	-5954.29%
MX	392.2M	337.7M	-8.30%	-48.12%	-48.81	1.16	-28.80%	-114.17%

Financials for MagnaChip Semiconductor

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-12.8%	338	387	443	455	474
Gross Profit	-18.2%	101	124	153	158	154
Operating Expenses	93.6%	107	55.00	54.00	60.00	70.00
S&GA Expenses	-1.3%	51.00	52.00	53.00	54.00	52.00
R&D Expenses	2.9%	52.00	51.00	50.00	50.00	51.00
EBITDA	-82.0%	12.00	67.00	102	111	-
EBITDA Margin	-79.4%	0.04*	0.17*	0.23*	0.24*	-
Earnings Before Taxes	-105.5%	-2.88	52.00	88.00	94.00	74.00
EBT Margin	-106.3%	-0.01*	0.14*	0.20*	0.21*	-
Interest Expenses	-	2.00	-	-	-	-
Net Income	-118.9%	-8.04	43.00	71.00	74.00	57.00
Net Income Margin	-121.6%	-0.02*	0.11*	0.16*	0.16*	-
Free Cahsflow	-123.6%	-18.23	77.00	73.00	47.00	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-3.6%	517	536	576	588	584
Current Assets	-10.9%	338	379	410	422	409
Cash Equivalents	-10.1%	225	251	274	285	280
Inventory	6.9%	40.00	37.00	36.00	37.00	39.00
Net PPE	17.3%	111	94.00	97.00	103	108
Liabilities	-28.1%	88.00	123	128	127	131
Current Liabilities	-36.5%	47.00	74.00	79.00	84.00	85.00
Shareholder's Equity	3.6%	428	413	448	461	453
Retained Earnings	0.9%	336	333	350	353	344
Additional Paid-In Capital	0.6%	266	265	264	262	241
Accumulated Depreciation	-6.8%	86.00	93.00	96.00	94.00	-
Shares Outstanding	-1.7%	44.00	45.00	45.00	45.00	46.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-95.2%	5.00	108	102	79.00	88.00
Share Based Compensation	-1.6%	6.00	6.00	7.00	8.00	8.00
Cashflow From Investing	41.8%	-24.93	-42.87	-28.63	-32.22	-31.44
Cashflow From Financing	69.0%	-12.74	-41.04	-36.45	-35.58	-35.54
Buy Backs	175.6%	14.00	5.00	2.00	1.00	2.00

Risks for MX

What is the probability of a big loss on MX?

96.9%

Probability that MagnaChip Semiconductor stock will be more than 20% underwater in next one year

81.2%

Probability that MagnaChip Semiconductor stock will be more than 30% underwater in next one year.

51.1%

Probability that MagnaChip Semiconductor stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MagnaChip Semiconductor was unfortunately bought at previous high price.

Drawdowns

Returns for MX

Cumulative Returns on MX

-6.4%

10-Year Cumulative Returns

8.9%

7-Year Cumulative Returns

-1.0%

5-Year Cumulative Returns

-1.1%

3-Year Cumulative Returns

What are the long-term rolling returns for MX?

FIve years rolling returns for MagnaChip Semiconductor.

Annualized Returns

Which funds bought or sold MX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	sold off	-100	-157,000	-	-%
2023-02-27	Parallax Volatility Advisers, L.P.	sold off	-100	-389,000	-	-%
2023-02-24	NATIXIS	added	104	532,275	1,150,280	0.01%
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	43.54	7,198,610	29,962,600	0.01%
2023-02-15	GABELLI & Co INVESTMENT ADVISERS, INC.	reduced	-19.51	-546,115	1,537,880	0.33%
2023-02-15	B. Riley Asset Management, LLC	added	26.81	701,626	5,008,630	2.24%
2023-02-15	SYSTEMATIC FINANCIAL MANAGEMENT LP	added	25.21	2,650,170	20,540,200	0.67%
2023-02-15	State of Wyoming	added	31.64	22,930	131,930	0.04%
2023-02-15	JANE STREET GROUP, LLC	added	122	407,531	797,531	-%
2023-02-14	TWO SIGMA ADVISERS, LP	added	56.89	1,191,540	3,907,540	0.01%

Latest Funds Activity

Are funds buying MX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MX

No. of Funds

MagnaChip Semiconductor News

Schedule 13G FIlings of MagnaChip Semiconductor

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	toronado partners, llc	5.46%	2,410,910	SC 13G/A
Feb 14, 2023	alliancebernstein l.p.	7.2%	3,190,906	SC 13G
Feb 14, 2022	rubric capital management lp	1.88%	872,308	SC 13G/A
Feb 14, 2022	oaktree capital management lp	4.95%	2,300,000	SC 13G/A
Feb 11, 2022	toronado partners, llc	5.00%	2,323,636	SC 13G/A
Nov 10, 2021	morgan stanley	2.0%	932,921	SC 13G/A
Oct 08, 2021	federated hermes, inc.	4.30%	1,998,604	SC 13G/A
May 24, 2021	brigade capital management, lp	2.9%	1,345,786	SC 13G/A
Feb 16, 2021	rubric capital management lp	7.35%	2,612,588	SC 13G/A
Feb 16, 2021	hood river capital management llc	0%	0	SC 13G/A

MX Fair Value

MagnaChip Semiconductor fair value in different scenarios

The table shows the Fair Value estimates for MagnaChip Semiconductor for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	3.78 -57.77%	4.06 -54.64%	4.91 -45.14%	5.82 -34.97%	6.47 -27.71%
Current Inflation	3.73 -58.32%	4.00 -55.31%	4.79 -46.48%	5.60 -37.43%	6.20 -30.73%
Very High Inflation	3.66 -59.11%	3.91 -56.31%	4.62 -48.38%	5.33 -40.45%	5.85 -34.64%

Historical MagnaChip Semiconductor Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of MagnaChip Semiconductor

View All Filings

Date Filed	Form Type	Document
Mar 27, 2023	4	Insider Trading
Mar 27, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Feb 22, 2023	10-K	Annual Report
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 21, 2023	4	Insider Trading
Feb 16, 2023	8-K	Current Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	SC 13G	Major Ownership Report

Latest Insider Trading transactions for MX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-12	Park Shin Young	sold (taxes)	-14,282	9.39	-1,521	see remarks
2023-02-16	Kim Theodore S	acquired	-	-	79,268	see remarks
2023-02-16	Kim Young-Joon	acquired	-	-	151,126	see remarks
2023-02-16	Park Shin Young	acquired	-	-	37,523	see remarks
2022-12-31	Park Shin Young	sold (taxes)	-39,813	9.39	-4,240	chief financial officer (4)
2022-12-31	Lee Woung Moo	sold (taxes)	-61,767	9.39	-6,578	see remarks
2022-12-31	Kim Young-Joon	sold (taxes)	-121,338	9.39	-12,922	see remarks
2022-12-31	Kim Theodore S	sold (taxes)	-77,383	9.39	-8,241	see remarks
2022-08-31	Chung Kyo-Hwa Liz	back to issuer	-49,420	11.7	-4,224	-
2022-08-15	KEATING MELVIN L	acquired	-	-	13,694	-

About MagnaChip Semiconductor

Young-Joon Kim

www.magnachip.com

890

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of Things, consumer, industrial, and automotive applications. It provides display solutions, including source and gate drivers, and timing controllers that cover a range of flat panel displays used in mobile communications, automotive, entertainment devices, notebook PCs, monitors and liquid crystal displays, and micro light-emitting diode (LED) televisions. The company also offers metal oxide semiconductor field-effect transistors, insulated-gate bipolar transistors, AC-DC converters, DC-DC converters, LED drivers, regulators, and power management integrated circuits for a range of devices comprising televisions, smartphones, mobile phones, wearable devices, desktop PCs, notebooks, tablet PCs, and other consumer electronics, as well as for power suppliers, e-bike, photovoltaic inverter, LED lighting, motor drive, and home appliances; and organic light-emitting diode display driver integrated circuits for OLED TVs. It serves consumer, computing, and industrial electronics original equipment manufacturers, original design manufacturers, and electronics manufacturing services companies, as well as subsystem designers in Korea, the Asia Pacific, the United States, Europe, and internationally. The company sells its products through a direct sales force, as well as through a network of agents and distributors. Magnachip Semiconductor Corporation was incorporated in 2004 and is based in Luxembourg, Luxembourg.

MX Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net sales	$ 337,658	$ 474,230	$ 507,059
Cost of sales	236,394	320,687	378,742
Gross profit	101,264	153,543	128,317
Operating expenses:
Selling, general and administrative expenses	50,872	52,440	49,974
Research and development expenses	52,338	51,212	45,698
Merger-related costs (income), net	0	(35,527)	653
Early termination and other charges, net	3,298	2,011	4,976
Total operating expenses	106,508	70,136	101,301
Operating income (loss):	(5,244)	83,407	27,016
Interest income	5,980	2,609	2,740
Interest expense	(1,157)	(1,371)	(18,147)
Foreign currency loss, net	(3,019)	(11,853)	(382)
Loss on early extinguishment of borrowings	0	0	(766)
Other income, net	561	1,177	370
Income (loss) from continuing operations before income tax expense (benefit)	(2,879)	73,969	10,831
Income tax expense (benefit)	5,157	17,261	(46,228)
Income (loss) from continuing operations	(8,036)	56,708	57,059
Income from discontinued operations, net of tax			287,906
Net income (loss)	$ (8,036)	$ 56,708	$ 344,965
Basic earnings (loss) per common share—
Continuing operations	$ (0.18)	$ 1.26	$ 1.62
Discontinued operations	0	0	8.18
Total	(0.18)	1.26	9.8
Diluted earnings (loss) per common share—
Continuing operations	(0.18)	1.21	1.35
Discontinued operations	0	0	6.19
Total	$ (0.18)	$ 1.21	$ 7.54
Weighted average number of shares—
Basic	44,850,791	44,879,412	35,213,525
Diluted	44,850,791	47,709,373	46,503,586
Standard Products Business [Member]
Net sales	$ 301,896	$ 433,099	$ 465,519
Cost of sales	202,347	283,503	338,420
Gross profit	99,549	149,596	127,099
Fab Three Foundry Services [Member]
Net sales	35,762	41,131	41,540
Cost of sales	34,047	37,184	40,322
Gross profit	$ 1,715	$ 3,947	$ 1,218

MX Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 225,477	$ 279,547
Accounts receivable, net	35,380	50,954
Inventories, net	39,883	39,370
Other receivables (Note 18)	7,847	25,895
Prepaid expenses	10,560	7,675
Hedge collateral (Note 10)	2,940	3,060
Other current assets (Note 1)	15,766	2,619
Total current assets	337,853	409,120
Property, plant and equipment, net	110,747	107,882
Operating lease right-of-use assets	5,265	4,275
Intangible assets, net	1,930	2,377
Long-term prepaid expenses	10,939	8,243
Deferred income taxes (Note 16)	38,324	41,095
Other non-current assets	11,587	10,662
Total assets	516,645	583,654
Current liabilities
Accounts payable	17,998	37,593
Other accounts payable	9,702	6,289
Accrued expenses (Note 9)	9,688	20,071
Accrued income taxes	3,154	11,823
Operating lease liabilities	1,397	2,323
Other current liabilities	5,306	7,382
Total current liabilities	47,245	85,481
Accrued severance benefits, net	23,121	33,064
Non-current operating lease liabilities	4,091	1,952
Other non-current liabilities	14,035	10,395
Total liabilities	88,492	130,892
Commitments and contingencies (Note 20)
Stockholders' equity
Common stock, $0.01 par value, 150,000,000 shares authorized, 56,432,449 shares issued and 43,824,575 outstanding at December 31, 2022 and 55,905,320 shares issued and 45,659,304 outstanding at December 31, 2021	564	559
Additional paid-in capital	266,058	241,197
Retained earnings	335,506	343,542
Treasury stock, 12,607,874 shares at December 31, 2022 and 10,246,016 shares at December 31, 2021, respectively	(161,422)	(130,306)
Accumulated other comprehensive loss	(12,553)	(2,230)
Total stockholders' equity	428,153	452,762
Total liabilities and stockholders' equity	$ 516,645	$ 583,654