Magnachip Semiconductor Corporation (MX) 10-Year Financial Performance & Capital Metrics

MX • • Industrial / General

TechnologySemiconductorsAnalog & Mixed-Signal SemiconductorsPower Management & Analog ICs

AboutMagnachip 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.Show more

Revenue $232M +0.7%
EBITDA -$37M +10.0%
Net Income -$54M -48.3%
EPS (Diluted) -1.44 -61.8%
Gross Margin 22.4% -0.2%
EBITDA Margin -15.91% +10.6%
Operating Margin -22.88% +8.7%
Net Margin -23.44% -47.2%
ROE -17.48% -84.4%
ROIC -22.1% -2.1%
Debt/Equity 0.11 +687.4%
Interest Coverage -26.93 +61.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 7.9% through buybacks
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 14.9% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-10.44%

5Y-14.95%

3Y-21.23%

TTM-2.8%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM13.95%

EPS CAGR

10Y-

5Y-

3Y-

TTM11.21%

ROCE

10Y Avg1.04%

5Y Avg-0.97%

3Y Avg-9.92%

Latest-15.01%

Peer Comparison

Power Management & Analog ICs

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
POWIPower Integrations, Inc.	2.41B	43.48	77.64	-5.75%	4.03%	2.67%	2.66%
DIODDiodes Incorporated	2.67B	57.47	60.49	-21.1%	4.49%	3.3%	1.74%	0.05
TXNTexas Instruments Incorporated	171.84B	189.12	36.37	-10.72%	29.21%	30.33%	0.87%	0.80
MPWRMonolithic Power Systems, Inc.	48.36B	1009.54	27.59	21.2%	71.22%	53.12%	1.33%	0.01
STMSTMicroelectronics N.V.	24.88B	28.00	16.87	-23.24%	5.29%	3.42%		0.18
ONON Semiconductor Corporation	24.26B	60.28	16.61	-14.19%	5.16%	4.03%	5%	0.38
MXMagnachip Semiconductor Corporation	103.99M	2.89	-2.01	0.73%	-18.84%	-14.85%		0.11
AOSLAlpha and Omega Semiconductor Limited	676.08M	22.49	-6.82	5.92%	-13.86%	-11.58%		0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	633.71M	687.97M	679.67M	750.9M	520.67M	507.06M	474.23M	337.66M	230.05M	231.74M
Revenue Growth %	-0.09%	0.09%	-0.01%	0.1%	-0.31%	-0.03%	-0.06%	-0.29%	-0.32%	0.01%
Cost of Goods Sold+	498.85M	531.74M	491.78M	552.8M	404.27M	378.74M	320.69M	236.39M	178.41M	179.82M
COGS % of Revenue	0.79%	0.77%	0.72%	0.74%	0.78%	0.75%	0.68%	0.7%	0.78%	0.78%
Gross Profit+	134.86M	156.23M	187.89M	198.1M	116.4M	128.32M	153.54M	101.26M	51.64M	51.91M
Gross Margin %	0.21%	0.23%	0.28%	0.26%	0.22%	0.25%	0.32%	0.3%	0.22%	0.22%
Gross Profit Growth %	-0.12%	0.16%	0.2%	0.05%	-0.41%	0.1%	0.2%	-0.34%	-0.49%	0.01%
Operating Expenses+	177.8M	161.27M	152.3M	150.68M	92.67M	101.3M	70.14M	106.51M	109.28M	104.95M
OpEx % of Revenue	0.28%	0.23%	0.22%	0.2%	0.18%	0.2%	0.15%	0.32%	0.48%	0.45%
Selling, General & Admin	94.38M	89.09M	81.78M	72.64M	47.59M	49.97M	52.44M	50.87M	48.47M	47.1M
SG&A % of Revenue	0.15%	0.13%	0.12%	0.1%	0.09%	0.1%	0.11%	0.15%	0.21%	0.2%
Research & Development	83.42M	72.18M	70.52M	78.04M	45.02M	45.7M	51.21M	52.34M	51.56M	51.19M
R&D % of Revenue	0.13%	0.1%	0.1%	0.1%	0.09%	0.09%	0.11%	0.16%	0.22%	0.22%
Other Operating Expenses	1.78M	0	0	264K	53K	5.63M	-33.52M	3.3M	9.25M	6.65M
Operating Income+	-42.93M	2.74M	39.24M	47.42M	23.73M	27.02M	83.41M	-5.24M	-57.64M	-53.03M
Operating Margin %	-0.07%	0%	0.06%	0.06%	0.05%	0.05%	0.18%	-0.02%	-0.25%	-0.23%
Operating Income Growth %	0.44%	1.06%	13.34%	0.21%	-0.5%	0.14%	2.09%	-1.06%	-9.99%	0.08%
EBITDA+	-16.44M	28.15M	67.38M	79.47M	56.45M	43.5M	97.65M	9.76M	-40.96M	-36.87M
EBITDA Margin %	-0.03%	0.04%	0.1%	0.11%	0.11%	0.09%	0.21%	0.03%	-0.18%	-0.16%
EBITDA Growth %	0.65%	2.71%	1.39%	0.18%	-0.29%	-0.23%	1.24%	-0.9%	-5.2%	0.1%
D&A (Non-Cash Add-back)	26.49M	25.42M	28.15M	32.05M	32.73M	16.48M	14.24M	15M	16.68M	16.16M
EBIT	-83.69M	497K	35.59M	21.89M	3.94M	28.98M	75.34M	-1.72M	-46.73M	-60.67M
Net Interest Income+	-16.27M	-16.24M	-21.56M	-22.01M	-22.16M	-18.15M	1.24M	4.82M	9.61M	6.8M
Interest Income	0	0	0	0	0	0	2.61M	5.98M	10.44M	8.77M
Interest Expense	16.27M	16.24M	21.56M	22.01M	22.16M	18.15M	1.37M	1.16M	828K	1.97M
Other Income/Expense	-57.02M	-28.61M	46.85M	-21.14M	-41.94M	-16.18M	-9.44M	2.37M	10.09M	-9.61M
Pretax Income+	-99.95M	-25.87M	86.09M	749K	-18.21M	10.83M	73.97M	-2.88M	-47.56M	-62.64M
Pretax Margin %	-0.16%	-0.04%	0.13%	0%	-0.03%	0.02%	0.16%	-0.01%	-0.21%	-0.27%
Income Tax+	-15.09M	3.74M	1.16M	4.65M	2.2M	-46.23M	17.26M	5.16M	-10.94M	-8.34M
Effective Tax Rate %	0.85%	1.14%	0.99%	-5.21%	1.2%	31.85%	0.77%	2.79%	0.77%	0.87%
Net Income+	-84.87M	-29.61M	84.94M	-3.9M	-21.83M	344.96M	56.71M	-8.04M	-36.62M	-54.31M
Net Margin %	-0.13%	-0.04%	0.12%	-0.01%	-0.04%	0.68%	0.12%	-0.02%	-0.16%	-0.23%
Net Income Growth %	0.28%	0.65%	3.87%	-1.05%	-4.6%	16.81%	-0.84%	-1.14%	-3.56%	-0.48%
Net Income (Continuing)	-84.87M	-29.61M	84.94M	-25.78M	-20.41M	57.06M	56.71M	-8.04M	-36.62M	-54.31M
Discontinued Operations	0	0	0	0	-1.41M	287.91M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.47	-0.85	2.02	-0.11	-0.64	7.54	1.21	-0.18	-0.89	-1.44
EPS Growth %	0.28%	0.66%	3.38%	-1.05%	-4.82%	12.78%	-0.84%	-1.15%	-3.94%	-0.62%
EPS (Basic)	-2.47	-0.85	2.50	-0.11	-0.64	9.80	1.26	-0.18	-0.89	-1.44
Diluted Shares Outstanding	34.38M	34.83M	44.76M	34.47M	34.32M	46.5M	47.71M	44.85M	41.01M	37.77M
Basic Shares Outstanding	34.36M	34.83M	33.94M	34.37M	34.32M	35.21M	44.88M	44.85M	41.01M	37.77M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	260.23M	242.69M	330.26M	352.75M	379.37M	409.61M	409.12M	337.85M	245.43M	219.23M
Cash & Short-Term Investments	90.88M	83.36M	128.57M	132.44M	151.66M	279.94M	279.55M	225.48M	158.09M	138.61M
Cash Only	90.88M	83.36M	128.57M	132.44M	151.66M	279.94M	279.55M	225.48M	158.09M	138.61M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	95.43M	67.64M	96.32M	121.89M	57.65M	68.73M	76.85M	43.23M	36.94M	32.85M
Days Sales Outstanding	54.97	35.89	51.73	59.25	40.41	49.47	59.15	46.73	58.6	51.73
Inventory	57.62M	57.05M	73.07M	71.61M	41.4M	39.04M	39.37M	39.88M	32.73M	30.54M
Days Inventory Outstanding	42.16	39.16	54.23	47.28	37.38	37.62	44.81	61.58	66.97	61.98
Other Current Assets	9.23M	26.51M	23.04M	15.68M	119.65M	14.57M	5.68M	18.71M	10.28M	6.86M
Total Non-Current Assets+	217.65M	199.26M	228.53M	230.45M	215.96M	162.08M	174.53M	178.79M	175.06M	160.09M
Property, Plant & Equipment	191.99M	179.79M	205.9M	202.17M	74.94M	101.02M	112.16M	116.01M	104.76M	84.57M
Fixed Asset Turnover	3.30x	3.83x	3.30x	3.71x	6.95x	5.02x	4.23x	2.91x	2.20x	2.74x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2.63M	3.08M	4.06M	3.95M	2.77M	2.73M	2.38M	1.93M	1.54M	507K
Long-Term Investments	12.12M	9.56M	12.79M	-22.02M	0	4.06M	0	0	0	0
Other Non-Current Assets	10.68M	6.63M	5.51M	24.33M	138.1M	9.74M	18.91M	22.53M	17.92M	22.12M
Total Assets+	477.88M	441.95M	558.79M	583.2M	595.33M	571.69M	583.65M	516.64M	420.49M	379.32M
Asset Turnover	1.33x	1.56x	1.22x	1.29x	0.87x	0.89x	0.81x	0.65x	0.55x	0.61x
Asset Growth %	-0.09%	-0.08%	0.26%	0.04%	0.02%	-0.04%	0.02%	-0.11%	-0.19%	-0.1%
Total Current Liabilities+	166.51M	153.44M	138.14M	132.66M	133.83M	173.62M	85.48M	47.24M	46.89M	46.27M
Accounts Payable	55.48M	51.51M	65.94M	55.63M	40.38M	52.16M	37.59M	18M	24.44M	21.64M
Days Payables Outstanding	40.59	35.36	48.94	36.73	36.45	50.27	42.79	27.79	50.01	43.93
Short-Term Debt	0	0	0	0	0	83.48M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Other Current Liabilities	71.96M	76.95M	47.14M	9.13M	37.63M	19.55M	7.38M	5.31M	3.29M	3.77M
Current Ratio	1.56x	1.58x	2.39x	2.66x	2.83x	2.36x	4.79x	7.15x	5.23x	4.74x
Quick Ratio	1.22x	1.21x	1.86x	2.12x	2.53x	2.13x	4.33x	6.31x	4.54x	4.08x
Cash Conversion Cycle	56.53	39.69	57.02	69.8	41.34	36.82	61.17	80.52	75.56	69.79
Total Non-Current Liabilities+	373.7M	360.63M	460.28M	467.85M	476.48M	52.47M	45.41M	41.25M	29M	56.25M
Long-Term Debt	224.16M	221.08M	303.42M	303.58M	304.74M	0	0	0	0	27.21M
Capital Lease Obligations	0	0	0	0	251K	2.42M	1.95M	4.09M	2.9M	1.82M
Deferred Tax Liabilities	0	0	19.79M	21.81M	0	8.9M	0	0	0	0
Other Non-Current Liabilities	149.54M	139.54M	156.87M	164.27M	171.48M	50.05M	43.46M	37.16M	26.11M	27.22M
Total Liabilities	540.21M	514.07M	598.43M	600.51M	610.31M	226.09M	130.89M	88.49M	75.89M	102.52M
Total Debt+	224.16M	221.08M	303.42M	303.58M	306.62M	88.11M	4.28M	5.49M	4.81M	30.43M
Net Debt	133.27M	137.73M	174.84M	171.14M	154.96M	-191.83M	-275.27M	-219.99M	-153.28M	-108.18M
Debt / Equity	-	-	-	-	-	0.25x	0.01x	0.01x	0.01x	0.11x
Debt / EBITDA	-	7.85x	4.50x	3.82x	5.43x	2.03x	0.04x	0.56x	-	-
Net Debt / EBITDA	-	4.89x	2.59x	2.15x	2.74x	-4.41x	-2.82x	-22.55x	-	-
Interest Coverage	-2.64x	0.17x	1.82x	2.15x	1.07x	1.49x	60.84x	-4.53x	-69.62x	-26.93x
Total Equity+	-62.33M	-72.11M	-39.64M	-17.31M	-14.98M	345.6M	452.76M	428.15M	344.6M	276.8M
Equity Growth %	-2.37%	-0.16%	0.45%	0.56%	0.13%	24.07%	0.31%	-0.05%	-0.2%	-0.2%
Book Value per Share	-1.81	-2.07	-0.89	-0.50	-0.44	7.43	9.49	9.55	8.40	7.33
Total Shareholders' Equity	-62.33M	-72.11M	-39.64M	-17.31M	-14.98M	345.6M	452.76M	428.15M	344.6M	276.8M
Common Stock	411K	416K	426K	431K	439K	450K	559K	564K	569K	574K
Retained Earnings	-96.21M	-125.83M	-40.89M	-36.3M	-58.13M	286.83M	343.54M	335.51M	298.88M	244.58M
Treasury Stock	-90.92M	-90.92M	-102.32M	-103.93M	-107.03M	-108.4M	-130.31M	-161.42M	-213.45M	-225.88M
Accumulated OCI	-231K	14.02M	-33.11M	-20.11M	-2.66M	3.7M	-2.23M	-12.55M	-14.66M	-21.89M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-9.98M	7.63M	-18.44M	39.24M	50.5M	7.47M	87.74M	5.17M	-3.01M	-6.13M
Operating CF Margin %	-0.02%	0.01%	-0.03%	0.05%	0.1%	0.01%	0.19%	0.02%	-0.01%	-0.03%
Operating CF Growth %	0.73%	1.76%	-3.42%	3.13%	0.29%	-0.85%	10.75%	-0.94%	-1.58%	-1.03%
Net Income	-84.87M	-29.61M	84.94M	-3.9M	-21.83M	344.96M	56.71M	-8.04M	-36.62M	-54.31M
Depreciation & Amortization	26.49M	25.42M	28.15M	32.05M	32.73M	16.48M	14.24M	15M	16.68M	16.16M
Stock-Based Compensation	2.77M	3.84M	2.34M	5.21M	6.95M	6.7M	7.7M	6.04M	7.22M	6.21M
Deferred Taxes	372K	65K	-53.23M	48.06M	41.87M	-2.03M	42.96M	278K	-13.4M	-7.03M
Other Non-Cash Items	53.93M	16.31M	-36.82M	-12.79M	-4.86M	-308.9M	-24.86M	22.34M	13.35M	45.78M
Working Capital Changes	-8.67M	-8.38M	-43.82M	-29.41M	-4.37M	-49.75M	-9.01M	-30.46M	9.76M	-12.94M
Change in Receivables	3.3M	285K	-22.21M	8.29M	-19.82M	-19.27M	7.5M	10.28M	5.76M	2.6M
Change in Inventory	12.93M	-557K	-8.08M	-30.68M	-4.21M	-816K	-5.94M	-12.63M	2.37M	-1.58M
Change in Payables	-12.61M	-4.16M	10.32M	-8.39M	7.38M	3.96M	-11.44M	-16.32M	7.15M	-1.97M
Cash from Investing+	-3.39M	-15.87M	-17.74M	-33.31M	-28.9M	318.48M	-31.44M	-24.93M	-7.66M	-11.67M
Capital Expenditures	-7.09M	-19.78M	-33.87M	-34.19M	-24.06M	-36.84M	-32.83M	-23.78M	-7.22M	-11.6M
CapEx % of Revenue	0.01%	0.03%	0.05%	0.05%	0.05%	0.07%	0.07%	0.07%	0.03%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	898K	1.5M	2.72M	-1.51M	312K	-153K	-1.31M	-1.64M	-6.11M	-72K
Cash from Financing+	3.44M	1.73M	72.69M	1.29M	-1.8M	-222.28M	-35.54M	-12.74M	-52.34M	16.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.44M	1.73M	-2.16M	1.13M	2.63M	3.64M	4.17M	1.72M	-64K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-17.07M	-12.14M	-52.31M	5.04M	26.44M	-29.37M	54.92M	-18.62M	-10.23M	-17.73M
FCF Margin %	-0.03%	-0.02%	-0.08%	0.01%	0.05%	-0.06%	0.12%	-0.06%	-0.04%	-0.08%
FCF Growth %	0.69%	0.29%	-3.31%	1.1%	4.24%	-2.11%	2.87%	-1.34%	0.45%	-0.73%
FCF per Share	-0.50	-0.35	-1.17	0.15	0.77	-0.63	1.15	-0.42	-0.25	-0.47
FCF Conversion (FCF/Net Income)	0.12x	-0.26x	-0.22x	-10.06x	-2.31x	0.02x	1.55x	-0.64x	0.08x	0.11x
Interest Paid	0	14.91M	17.59M	19.25M	19.07M	22.22M	2.09M	0	0	966K
Taxes Paid	0	693K	1.03M	920K	2.08M	23.06M	12.67M	18.99M	1.44M	1.34M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	208.68%	14.21%	-1.82%	-9.48%	-17.48%
Return on Invested Capital (ROIC)	-37%	3.01%	29.31%	24.61%	12.11%	13.8%	37.77%	-2.04%	-21.64%	-22.1%
Gross Margin	21.28%	22.71%	27.64%	26.38%	22.36%	25.31%	32.38%	29.99%	22.45%	22.4%
Net Margin	-13.39%	-4.3%	12.5%	-0.52%	-4.19%	68.03%	11.96%	-2.38%	-15.92%	-23.44%
Debt / Equity	-	-	-	-	-	0.25x	0.01x	0.01x	0.01x	0.11x
Interest Coverage	-2.64x	0.17x	1.82x	2.15x	1.07x	1.49x	60.84x	-4.53x	-69.62x	-26.93x
FCF Conversion	0.12x	-0.26x	-0.22x	-10.06x	-2.31x	0.02x	1.55x	-0.64x	0.08x	0.11x
Revenue Growth	-9.24%	8.56%	-1.21%	10.48%	-30.66%	-2.61%	-6.47%	-28.8%	-31.87%	0.73%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Standard Products Business	-	-	-	-	-	-	433.1M	301.9M	195.69M	221.14M
Standard Products Business Growth	-	-	-	-	-	-	-	-30.29%	-35.18%	13.01%
Fab Three Foundry Services	-	-	-	-	-	41.54M	41.13M	35.76M	34.36M	11.81M
Fab Three Foundry Services Growth	-	-	-	-	-	-	-0.98%	-13.05%	-3.92%	-65.62%
Standard Products Group	342.29M	413.44M	359.38M	425.4M	484.78M	465.52M	-	-	-	-
Standard Products Group Growth	-	20.78%	-13.08%	18.37%	13.96%	-3.97%	-	-	-	-
Foundry Services Group	290.77M	273.96M	320.09M	-	-	-	-	-	-	-
Foundry Services Group Growth	-	-5.78%	16.84%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Asia Pacific Other Than Korea	316.56M	391.88M	322.6M	380.6M	466.38M	-	-	-	-	-
Asia Pacific Other Than Korea Growth	-	23.79%	-17.68%	17.98%	22.54%	-	-	-	-	-
KOREA, REPUBLIC OF	241.72M	219.62M	279.88M	282.52M	249.38M	-	-	-	-	-
KOREA, REPUBLIC OF Growth	-	-9.14%	27.44%	0.94%	-11.73%	-	-	-	-	-
Europe	23.46M	42.27M	41.11M	47.83M	46.42M	-	-	-	-	-
Europe Growth	-	80.19%	-2.76%	16.35%	-2.95%	-	-	-	-	-
UNITED STATES	51.16M	33.2M	35.09M	37.48M	28.11M	-	-	-	-	-
UNITED STATES Growth	-	-35.11%	5.69%	6.82%	-25.01%	-	-	-	-	-
Other Countries	810K	1M	996K	2.47M	1.9M	-	-	-	-	-
Other Countries Growth	-	23.58%	-0.50%	147.99%	-23.08%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Magnachip Semiconductor Corporation (MX) reported $201.3M in revenue for fiscal year 2024. This represents a 74% decrease from $772.8M in 2011.

Magnachip Semiconductor Corporation (MX) grew revenue by 0.7% over the past year. Growth has been modest.

Magnachip Semiconductor Corporation (MX) reported a net loss of $37.9M for fiscal year 2024.

Dividend & Returns

Magnachip Semiconductor Corporation (MX) has a return on equity (ROE) of -17.5%. Negative ROE indicates the company is unprofitable.

Magnachip Semiconductor Corporation (MX) had negative free cash flow of $45.2M in fiscal year 2024, likely due to heavy capital investments.

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Magnachip Semiconductor Corporation (MX) 10-Year Financial Performance & Capital Metrics

MX • • Industrial / General

TechnologySemiconductorsAnalog & Mixed-Signal SemiconductorsPower Management & Analog ICs

Revenue $232M +0.7%
EBITDA -$37M +10.0%
Net Income -$54M -48.3%
EPS (Diluted) -1.44 -61.8%
Gross Margin 22.4% -0.2%
EBITDA Margin -15.91% +10.6%
Operating Margin -22.88% +8.7%
Net Margin -23.44% -47.2%
ROE -17.48% -84.4%
ROIC -22.1% -2.1%
Debt/Equity 0.11 +687.4%
Interest Coverage -26.93 +61.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 7.9% through buybacks
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 14.9% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-10.44%

5Y-14.95%

3Y-21.23%

TTM-2.8%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM13.95%

EPS CAGR

10Y-

5Y-

3Y-

TTM11.21%

ROCE

10Y Avg1.04%

5Y Avg-0.97%

3Y Avg-9.92%

Latest-15.01%

Peer Comparison

Power Management & Analog ICs

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
POWIPower Integrations, Inc.	2.41B	43.48	77.64	-5.75%	4.03%	2.67%	2.66%
DIODDiodes Incorporated	2.67B	57.47	60.49	-21.1%	4.49%	3.3%	1.74%	0.05
TXNTexas Instruments Incorporated	171.84B	189.12	36.37	-10.72%	29.21%	30.33%	0.87%	0.80
MPWRMonolithic Power Systems, Inc.	48.36B	1009.54	27.59	21.2%	71.22%	53.12%	1.33%	0.01
STMSTMicroelectronics N.V.	24.88B	28.00	16.87	-23.24%	5.29%	3.42%		0.18
ONON Semiconductor Corporation	24.26B	60.28	16.61	-14.19%	5.16%	4.03%	5%	0.38
MXMagnachip Semiconductor Corporation	103.99M	2.89	-2.01	0.73%	-18.84%	-14.85%		0.11
AOSLAlpha and Omega Semiconductor Limited	676.08M	22.49	-6.82	5.92%	-13.86%	-11.58%		0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	633.71M	687.97M	679.67M	750.9M	520.67M	507.06M	474.23M	337.66M	230.05M	231.74M
Revenue Growth %	-0.09%	0.09%	-0.01%	0.1%	-0.31%	-0.03%	-0.06%	-0.29%	-0.32%	0.01%
Cost of Goods Sold+	498.85M	531.74M	491.78M	552.8M	404.27M	378.74M	320.69M	236.39M	178.41M	179.82M
COGS % of Revenue	0.79%	0.77%	0.72%	0.74%	0.78%	0.75%	0.68%	0.7%	0.78%	0.78%
Gross Profit+	134.86M	156.23M	187.89M	198.1M	116.4M	128.32M	153.54M	101.26M	51.64M	51.91M
Gross Margin %	0.21%	0.23%	0.28%	0.26%	0.22%	0.25%	0.32%	0.3%	0.22%	0.22%
Gross Profit Growth %	-0.12%	0.16%	0.2%	0.05%	-0.41%	0.1%	0.2%	-0.34%	-0.49%	0.01%
Operating Expenses+	177.8M	161.27M	152.3M	150.68M	92.67M	101.3M	70.14M	106.51M	109.28M	104.95M
OpEx % of Revenue	0.28%	0.23%	0.22%	0.2%	0.18%	0.2%	0.15%	0.32%	0.48%	0.45%
Selling, General & Admin	94.38M	89.09M	81.78M	72.64M	47.59M	49.97M	52.44M	50.87M	48.47M	47.1M
SG&A % of Revenue	0.15%	0.13%	0.12%	0.1%	0.09%	0.1%	0.11%	0.15%	0.21%	0.2%
Research & Development	83.42M	72.18M	70.52M	78.04M	45.02M	45.7M	51.21M	52.34M	51.56M	51.19M
R&D % of Revenue	0.13%	0.1%	0.1%	0.1%	0.09%	0.09%	0.11%	0.16%	0.22%	0.22%
Other Operating Expenses	1.78M	0	0	264K	53K	5.63M	-33.52M	3.3M	9.25M	6.65M
Operating Income+	-42.93M	2.74M	39.24M	47.42M	23.73M	27.02M	83.41M	-5.24M	-57.64M	-53.03M
Operating Margin %	-0.07%	0%	0.06%	0.06%	0.05%	0.05%	0.18%	-0.02%	-0.25%	-0.23%
Operating Income Growth %	0.44%	1.06%	13.34%	0.21%	-0.5%	0.14%	2.09%	-1.06%	-9.99%	0.08%
EBITDA+	-16.44M	28.15M	67.38M	79.47M	56.45M	43.5M	97.65M	9.76M	-40.96M	-36.87M
EBITDA Margin %	-0.03%	0.04%	0.1%	0.11%	0.11%	0.09%	0.21%	0.03%	-0.18%	-0.16%
EBITDA Growth %	0.65%	2.71%	1.39%	0.18%	-0.29%	-0.23%	1.24%	-0.9%	-5.2%	0.1%
D&A (Non-Cash Add-back)	26.49M	25.42M	28.15M	32.05M	32.73M	16.48M	14.24M	15M	16.68M	16.16M
EBIT	-83.69M	497K	35.59M	21.89M	3.94M	28.98M	75.34M	-1.72M	-46.73M	-60.67M
Net Interest Income+	-16.27M	-16.24M	-21.56M	-22.01M	-22.16M	-18.15M	1.24M	4.82M	9.61M	6.8M
Interest Income	0	0	0	0	0	0	2.61M	5.98M	10.44M	8.77M
Interest Expense	16.27M	16.24M	21.56M	22.01M	22.16M	18.15M	1.37M	1.16M	828K	1.97M
Other Income/Expense	-57.02M	-28.61M	46.85M	-21.14M	-41.94M	-16.18M	-9.44M	2.37M	10.09M	-9.61M
Pretax Income+	-99.95M	-25.87M	86.09M	749K	-18.21M	10.83M	73.97M	-2.88M	-47.56M	-62.64M
Pretax Margin %	-0.16%	-0.04%	0.13%	0%	-0.03%	0.02%	0.16%	-0.01%	-0.21%	-0.27%
Income Tax+	-15.09M	3.74M	1.16M	4.65M	2.2M	-46.23M	17.26M	5.16M	-10.94M	-8.34M
Effective Tax Rate %	0.85%	1.14%	0.99%	-5.21%	1.2%	31.85%	0.77%	2.79%	0.77%	0.87%
Net Income+	-84.87M	-29.61M	84.94M	-3.9M	-21.83M	344.96M	56.71M	-8.04M	-36.62M	-54.31M
Net Margin %	-0.13%	-0.04%	0.12%	-0.01%	-0.04%	0.68%	0.12%	-0.02%	-0.16%	-0.23%
Net Income Growth %	0.28%	0.65%	3.87%	-1.05%	-4.6%	16.81%	-0.84%	-1.14%	-3.56%	-0.48%
Net Income (Continuing)	-84.87M	-29.61M	84.94M	-25.78M	-20.41M	57.06M	56.71M	-8.04M	-36.62M	-54.31M
Discontinued Operations	0	0	0	0	-1.41M	287.91M	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.47	-0.85	2.02	-0.11	-0.64	7.54	1.21	-0.18	-0.89	-1.44
EPS Growth %	0.28%	0.66%	3.38%	-1.05%	-4.82%	12.78%	-0.84%	-1.15%	-3.94%	-0.62%
EPS (Basic)	-2.47	-0.85	2.50	-0.11	-0.64	9.80	1.26	-0.18	-0.89	-1.44
Diluted Shares Outstanding	34.38M	34.83M	44.76M	34.47M	34.32M	46.5M	47.71M	44.85M	41.01M	37.77M
Basic Shares Outstanding	34.36M	34.83M	33.94M	34.37M	34.32M	35.21M	44.88M	44.85M	41.01M	37.77M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	260.23M	242.69M	330.26M	352.75M	379.37M	409.61M	409.12M	337.85M	245.43M	219.23M
Cash & Short-Term Investments	90.88M	83.36M	128.57M	132.44M	151.66M	279.94M	279.55M	225.48M	158.09M	138.61M
Cash Only	90.88M	83.36M	128.57M	132.44M	151.66M	279.94M	279.55M	225.48M	158.09M	138.61M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	95.43M	67.64M	96.32M	121.89M	57.65M	68.73M	76.85M	43.23M	36.94M	32.85M
Days Sales Outstanding	54.97	35.89	51.73	59.25	40.41	49.47	59.15	46.73	58.6	51.73
Inventory	57.62M	57.05M	73.07M	71.61M	41.4M	39.04M	39.37M	39.88M	32.73M	30.54M
Days Inventory Outstanding	42.16	39.16	54.23	47.28	37.38	37.62	44.81	61.58	66.97	61.98
Other Current Assets	9.23M	26.51M	23.04M	15.68M	119.65M	14.57M	5.68M	18.71M	10.28M	6.86M
Total Non-Current Assets+	217.65M	199.26M	228.53M	230.45M	215.96M	162.08M	174.53M	178.79M	175.06M	160.09M
Property, Plant & Equipment	191.99M	179.79M	205.9M	202.17M	74.94M	101.02M	112.16M	116.01M	104.76M	84.57M
Fixed Asset Turnover	3.30x	3.83x	3.30x	3.71x	6.95x	5.02x	4.23x	2.91x	2.20x	2.74x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	2.63M	3.08M	4.06M	3.95M	2.77M	2.73M	2.38M	1.93M	1.54M	507K
Long-Term Investments	12.12M	9.56M	12.79M	-22.02M	0	4.06M	0	0	0	0
Other Non-Current Assets	10.68M	6.63M	5.51M	24.33M	138.1M	9.74M	18.91M	22.53M	17.92M	22.12M
Total Assets+	477.88M	441.95M	558.79M	583.2M	595.33M	571.69M	583.65M	516.64M	420.49M	379.32M
Asset Turnover	1.33x	1.56x	1.22x	1.29x	0.87x	0.89x	0.81x	0.65x	0.55x	0.61x
Asset Growth %	-0.09%	-0.08%	0.26%	0.04%	0.02%	-0.04%	0.02%	-0.11%	-0.19%	-0.1%
Total Current Liabilities+	166.51M	153.44M	138.14M	132.66M	133.83M	173.62M	85.48M	47.24M	46.89M	46.27M
Accounts Payable	55.48M	51.51M	65.94M	55.63M	40.38M	52.16M	37.59M	18M	24.44M	21.64M
Days Payables Outstanding	40.59	35.36	48.94	36.73	36.45	50.27	42.79	27.79	50.01	43.93
Short-Term Debt	0	0	0	0	0	83.48M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Other Current Liabilities	71.96M	76.95M	47.14M	9.13M	37.63M	19.55M	7.38M	5.31M	3.29M	3.77M
Current Ratio	1.56x	1.58x	2.39x	2.66x	2.83x	2.36x	4.79x	7.15x	5.23x	4.74x
Quick Ratio	1.22x	1.21x	1.86x	2.12x	2.53x	2.13x	4.33x	6.31x	4.54x	4.08x
Cash Conversion Cycle	56.53	39.69	57.02	69.8	41.34	36.82	61.17	80.52	75.56	69.79
Total Non-Current Liabilities+	373.7M	360.63M	460.28M	467.85M	476.48M	52.47M	45.41M	41.25M	29M	56.25M
Long-Term Debt	224.16M	221.08M	303.42M	303.58M	304.74M	0	0	0	0	27.21M
Capital Lease Obligations	0	0	0	0	251K	2.42M	1.95M	4.09M	2.9M	1.82M
Deferred Tax Liabilities	0	0	19.79M	21.81M	0	8.9M	0	0	0	0
Other Non-Current Liabilities	149.54M	139.54M	156.87M	164.27M	171.48M	50.05M	43.46M	37.16M	26.11M	27.22M
Total Liabilities	540.21M	514.07M	598.43M	600.51M	610.31M	226.09M	130.89M	88.49M	75.89M	102.52M
Total Debt+	224.16M	221.08M	303.42M	303.58M	306.62M	88.11M	4.28M	5.49M	4.81M	30.43M
Net Debt	133.27M	137.73M	174.84M	171.14M	154.96M	-191.83M	-275.27M	-219.99M	-153.28M	-108.18M
Debt / Equity	-	-	-	-	-	0.25x	0.01x	0.01x	0.01x	0.11x
Debt / EBITDA	-	7.85x	4.50x	3.82x	5.43x	2.03x	0.04x	0.56x	-	-
Net Debt / EBITDA	-	4.89x	2.59x	2.15x	2.74x	-4.41x	-2.82x	-22.55x	-	-
Interest Coverage	-2.64x	0.17x	1.82x	2.15x	1.07x	1.49x	60.84x	-4.53x	-69.62x	-26.93x
Total Equity+	-62.33M	-72.11M	-39.64M	-17.31M	-14.98M	345.6M	452.76M	428.15M	344.6M	276.8M
Equity Growth %	-2.37%	-0.16%	0.45%	0.56%	0.13%	24.07%	0.31%	-0.05%	-0.2%	-0.2%
Book Value per Share	-1.81	-2.07	-0.89	-0.50	-0.44	7.43	9.49	9.55	8.40	7.33
Total Shareholders' Equity	-62.33M	-72.11M	-39.64M	-17.31M	-14.98M	345.6M	452.76M	428.15M	344.6M	276.8M
Common Stock	411K	416K	426K	431K	439K	450K	559K	564K	569K	574K
Retained Earnings	-96.21M	-125.83M	-40.89M	-36.3M	-58.13M	286.83M	343.54M	335.51M	298.88M	244.58M
Treasury Stock	-90.92M	-90.92M	-102.32M	-103.93M	-107.03M	-108.4M	-130.31M	-161.42M	-213.45M	-225.88M
Accumulated OCI	-231K	14.02M	-33.11M	-20.11M	-2.66M	3.7M	-2.23M	-12.55M	-14.66M	-21.89M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-9.98M	7.63M	-18.44M	39.24M	50.5M	7.47M	87.74M	5.17M	-3.01M	-6.13M
Operating CF Margin %	-0.02%	0.01%	-0.03%	0.05%	0.1%	0.01%	0.19%	0.02%	-0.01%	-0.03%
Operating CF Growth %	0.73%	1.76%	-3.42%	3.13%	0.29%	-0.85%	10.75%	-0.94%	-1.58%	-1.03%
Net Income	-84.87M	-29.61M	84.94M	-3.9M	-21.83M	344.96M	56.71M	-8.04M	-36.62M	-54.31M
Depreciation & Amortization	26.49M	25.42M	28.15M	32.05M	32.73M	16.48M	14.24M	15M	16.68M	16.16M
Stock-Based Compensation	2.77M	3.84M	2.34M	5.21M	6.95M	6.7M	7.7M	6.04M	7.22M	6.21M
Deferred Taxes	372K	65K	-53.23M	48.06M	41.87M	-2.03M	42.96M	278K	-13.4M	-7.03M
Other Non-Cash Items	53.93M	16.31M	-36.82M	-12.79M	-4.86M	-308.9M	-24.86M	22.34M	13.35M	45.78M
Working Capital Changes	-8.67M	-8.38M	-43.82M	-29.41M	-4.37M	-49.75M	-9.01M	-30.46M	9.76M	-12.94M
Change in Receivables	3.3M	285K	-22.21M	8.29M	-19.82M	-19.27M	7.5M	10.28M	5.76M	2.6M
Change in Inventory	12.93M	-557K	-8.08M	-30.68M	-4.21M	-816K	-5.94M	-12.63M	2.37M	-1.58M
Change in Payables	-12.61M	-4.16M	10.32M	-8.39M	7.38M	3.96M	-11.44M	-16.32M	7.15M	-1.97M
Cash from Investing+	-3.39M	-15.87M	-17.74M	-33.31M	-28.9M	318.48M	-31.44M	-24.93M	-7.66M	-11.67M
Capital Expenditures	-7.09M	-19.78M	-33.87M	-34.19M	-24.06M	-36.84M	-32.83M	-23.78M	-7.22M	-11.6M
CapEx % of Revenue	0.01%	0.03%	0.05%	0.05%	0.05%	0.07%	0.07%	0.07%	0.03%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	898K	1.5M	2.72M	-1.51M	312K	-153K	-1.31M	-1.64M	-6.11M	-72K
Cash from Financing+	3.44M	1.73M	72.69M	1.29M	-1.8M	-222.28M	-35.54M	-12.74M	-52.34M	16.56M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.44M	1.73M	-2.16M	1.13M	2.63M	3.64M	4.17M	1.72M	-64K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-17.07M	-12.14M	-52.31M	5.04M	26.44M	-29.37M	54.92M	-18.62M	-10.23M	-17.73M
FCF Margin %	-0.03%	-0.02%	-0.08%	0.01%	0.05%	-0.06%	0.12%	-0.06%	-0.04%	-0.08%
FCF Growth %	0.69%	0.29%	-3.31%	1.1%	4.24%	-2.11%	2.87%	-1.34%	0.45%	-0.73%
FCF per Share	-0.50	-0.35	-1.17	0.15	0.77	-0.63	1.15	-0.42	-0.25	-0.47
FCF Conversion (FCF/Net Income)	0.12x	-0.26x	-0.22x	-10.06x	-2.31x	0.02x	1.55x	-0.64x	0.08x	0.11x
Interest Paid	0	14.91M	17.59M	19.25M	19.07M	22.22M	2.09M	0	0	966K
Taxes Paid	0	693K	1.03M	920K	2.08M	23.06M	12.67M	18.99M	1.44M	1.34M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-	208.68%	14.21%	-1.82%	-9.48%	-17.48%
Return on Invested Capital (ROIC)	-37%	3.01%	29.31%	24.61%	12.11%	13.8%	37.77%	-2.04%	-21.64%	-22.1%
Gross Margin	21.28%	22.71%	27.64%	26.38%	22.36%	25.31%	32.38%	29.99%	22.45%	22.4%
Net Margin	-13.39%	-4.3%	12.5%	-0.52%	-4.19%	68.03%	11.96%	-2.38%	-15.92%	-23.44%
Debt / Equity	-	-	-	-	-	0.25x	0.01x	0.01x	0.01x	0.11x
Interest Coverage	-2.64x	0.17x	1.82x	2.15x	1.07x	1.49x	60.84x	-4.53x	-69.62x	-26.93x
FCF Conversion	0.12x	-0.26x	-0.22x	-10.06x	-2.31x	0.02x	1.55x	-0.64x	0.08x	0.11x
Revenue Growth	-9.24%	8.56%	-1.21%	10.48%	-30.66%	-2.61%	-6.47%	-28.8%	-31.87%	0.73%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Standard Products Business	-	-	-	-	-	-	433.1M	301.9M	195.69M	221.14M
Standard Products Business Growth	-	-	-	-	-	-	-	-30.29%	-35.18%	13.01%
Fab Three Foundry Services	-	-	-	-	-	41.54M	41.13M	35.76M	34.36M	11.81M
Fab Three Foundry Services Growth	-	-	-	-	-	-	-0.98%	-13.05%	-3.92%	-65.62%
Standard Products Group	342.29M	413.44M	359.38M	425.4M	484.78M	465.52M	-	-	-	-
Standard Products Group Growth	-	20.78%	-13.08%	18.37%	13.96%	-3.97%	-	-	-	-
Foundry Services Group	290.77M	273.96M	320.09M	-	-	-	-	-	-	-
Foundry Services Group Growth	-	-5.78%	16.84%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Asia Pacific Other Than Korea	316.56M	391.88M	322.6M	380.6M	466.38M	-	-	-	-	-
Asia Pacific Other Than Korea Growth	-	23.79%	-17.68%	17.98%	22.54%	-	-	-	-	-
KOREA, REPUBLIC OF	241.72M	219.62M	279.88M	282.52M	249.38M	-	-	-	-	-
KOREA, REPUBLIC OF Growth	-	-9.14%	27.44%	0.94%	-11.73%	-	-	-	-	-
Europe	23.46M	42.27M	41.11M	47.83M	46.42M	-	-	-	-	-
Europe Growth	-	80.19%	-2.76%	16.35%	-2.95%	-	-	-	-	-
UNITED STATES	51.16M	33.2M	35.09M	37.48M	28.11M	-	-	-	-	-
UNITED STATES Growth	-	-35.11%	5.69%	6.82%	-25.01%	-	-	-	-	-
Other Countries	810K	1M	996K	2.47M	1.9M	-	-	-	-	-
Other Countries Growth	-	23.58%	-0.50%	147.99%	-23.08%	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Magnachip Semiconductor Corporation (MX) reported $201.3M in revenue for fiscal year 2024. This represents a 74% decrease from $772.8M in 2011.

Magnachip Semiconductor Corporation (MX) grew revenue by 0.7% over the past year. Growth has been modest.

Magnachip Semiconductor Corporation (MX) reported a net loss of $37.9M for fiscal year 2024.

Dividend & Returns

Magnachip Semiconductor Corporation (MX) has a return on equity (ROE) of -17.5%. Negative ROE indicates the company is unprofitable.

Magnachip Semiconductor Corporation (MX) had negative free cash flow of $45.2M in fiscal year 2024, likely due to heavy capital investments.