(HIMX) Himax Technologies - Ratings and Ratios
Display Driver, Timing Controller, Touch IC, Power IC, CMOS Sensor
Dividends
| Dividend Yield | 4.26% |
| Yield on Cost 5y | 7.34% |
| Yield CAGR 5y | 2.16% |
| Payout Consistency | 66.1% |
| Payout Ratio | 103.9% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 53.7% |
| Value at Risk 5%th | 80.1% |
| Relative Tail Risk | -9.32% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.71 |
| Alpha | 9.11 |
| CAGR/Max DD | 0.25 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.426 |
| Beta | 1.883 |
| Beta Downside | 2.031 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.16% |
| Mean DD | 24.82% |
| Median DD | 26.33% |
Description: HIMX Himax Technologies November 16, 2025
Himax Technologies Inc. (NASDAQ:HIMX) is a fabless semiconductor firm headquartered in Tainan, Taiwan, that designs and sells display-imaging ICs across a broad product set-including driver ICs, timing controllers, power management ICs, OLED and LED drivers, and advanced image-sensing solutions such as WiseEye and LCoS microdisplays. The company serves panel makers, mobile-device module assemblers, and OEMs of TVs, monitors, smartphones, tablets, automotive displays, e-paper, and industrial screens.
In FY 2024 Himax reported revenue of roughly $1.0 billion, up about 8 % year-over-year, driven primarily by higher demand for automotive infotainment displays and the rollout of 5G-enabled smartphones that require more sophisticated driver and touch-controller ICs. Gross margins have hovered near 38 %, reflecting a mix of higher-margin automotive and OLED driver sales offset by pricing pressure in the commodity TV-panel market. The firm’s exposure to the fast-growing automotive electronics segment-projected to expand at a compound annual growth rate of 7-9 % through 2028-offers a potential tailwind that could lift its earnings multiple above the broader semiconductor average.
Key macro drivers include the global shift toward higher-resolution OLED and mini-LED panels, the acceleration of vehicle-to-cloud connectivity that raises demand for integrated driver-touch solutions, and the ongoing supply-chain tightening that favors fabless players with diversified foundry partnerships. Assuming Himax can sustain its current product mix and capture a modest share of the projected $150 billion automotive semiconductor market, its revenue CAGR could approach 10 % over the next three years, though this outlook is contingent on continued consumer-electronics demand and stable wafer-fab capacity.
For a deeper quantitative view of HIMX’s valuation metrics and peer comparison, you may find the ValueRay platform’s analyst toolkit useful.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (62.2m TTM) > 0 and > 6% of Revenue (6% = 52.0m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 0.54pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 53.34% (prev 50.76%; Δ 2.57pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 158.6m > Net Income 62.2m (YES >=105%, WARN >=100%) |
| Net Debt (-226.1m) to EBITDA (93.5m) ratio: -2.42 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.60 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (174.5m) change vs 12m ago -0.25% (target <= -2.0% for YES) |
| Gross Margin 30.58% (prev 30.42%; Δ 0.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 52.15% (prev 55.30%; Δ -3.15pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 20.01 (EBITDA TTM 93.5m / Interest Expense TTM 3.61m) >= 6 (WARN >= 3) |
Altman Z'' 4.30
| (A) 0.27 = (Total Current Assets 1.24b - Total Current Liabilities 775.8m) / Total Assets 1.69b |
| (B) 0.38 = Retained Earnings (Balance) 637.6m / Total Assets 1.69b |
| (C) 0.04 = EBIT TTM 72.2m / Avg Total Assets 1.66b |
| (D) 0.95 = Book Value of Equity 768.4m / Total Liabilities 812.0m |
| Total Rating: 4.30 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 69.57
| 1. Piotroski 6.50pt |
| 2. FCF Yield 10.08% |
| 3. FCF Margin 16.04% |
| 4. Debt/Equity 0.68 |
| 5. Debt/Ebitda -2.42 |
| 6. ROIC - WACC (= 90.25)% |
| 7. RoE 7.03% |
| 8. Rev. Trend -76.10% |
| 9. EPS Trend -61.75% |
What is the price of HIMX shares?
Over the past week, the price has changed by -4.30%, over one month by +14.21%, over three months by +4.96% and over the past year by -6.96%.
Is HIMX a buy, sell or hold?
- Strong Buy: 2
- Buy: 2
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the HIMX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.5 | -1.6% |
| Analysts Target Price | 8.5 | -1.6% |
| ValueRay Target Price | 8.9 | 2.5% |
HIMX Fundamental Data Overview December 10, 2025
P/E Trailing = 25.8056
P/E Forward = 9.8425
P/S = 1.8757
P/B = 1.8058
P/EG = 2.81
Beta = 1.878
Revenue TTM = 866.3m USD
EBIT TTM = 72.2m USD
EBITDA TTM = 93.5m USD
Long Term Debt = 24.0m USD (from longTermDebt, last quarter)
Short Term Debt = 575.2m USD (from shortTermDebt, last quarter)
Debt = 599.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -226.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.38b USD (1.62b + Debt 599.2m - CCE 846.4m)
Interest Coverage Ratio = 20.01 (Ebit TTM 72.2m / Interest Expense TTM 3.61m)
FCF Yield = 10.08% (FCF TTM 138.9m / Enterprise Value 1.38b)
FCF Margin = 16.04% (FCF TTM 138.9m / Revenue TTM 866.3m)
Net Margin = 7.18% (Net Income TTM 62.2m / Revenue TTM 866.3m)
Gross Margin = 30.58% ((Revenue TTM 866.3m - Cost of Revenue TTM 601.4m) / Revenue TTM)
Gross Margin QoQ = 30.18% (prev 31.20%)
Tobins Q-Ratio = 0.81 (Enterprise Value 1.38b / Total Assets 1.69b)
Interest Expense / Debt = 0.14% (Interest Expense 868.5k / Debt 599.2m)
Taxrate = -287.6% (out of range, set to none) (-1.00m / 348.0k)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 1.60 (Total Current Assets 1.24b / Total Current Liabilities 775.8m)
Debt / Equity = 0.68 (Debt 599.2m / totalStockholderEquity, last quarter 875.4m)
Debt / EBITDA = -2.42 (Net Debt -226.1m / EBITDA 93.5m)
Debt / FCF = -1.63 (Net Debt -226.1m / FCF TTM 138.9m)
Total Stockholder Equity = 884.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.67% (Net Income 62.2m / Total Assets 1.69b)
RoE = 7.03% (Net Income TTM 62.2m / Total Stockholder Equity 884.9m)
RoCE = 7.94% (EBIT 72.2m / Capital Employed (Equity 884.9m + L.T.Debt 24.0m))
RoIC = 99.71% (EBIT 72.2m / (Assets 1.69b - Curr.Liab 775.8m - Cash 846.4m))
WACC = 9.46% (E(1.62b)/V(2.22b) * Re(12.95%) + (debt cost/tax rate unavailable))
Discount Rate = 12.95% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.12%
[DCF Debug] Terminal Value 60.12% ; FCFE base≈133.2m ; Y1≈120.1m ; Y5≈103.4m
Fair Price DCF = 5.56 (DCF Value 968.9m / Shares Outstanding 174.3m; 5y FCF grow -12.26% → 3.0% )
EPS Correlation: -61.75 | EPS CAGR: -73.31% | SUE: -0.31 | # QB: 0
Revenue Correlation: -76.10 | Revenue CAGR: -19.63% | SUE: 1.91 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.05 | Chg30d=-0.070 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=0.49 | Chg30d=-0.153 | Revisions Net=+1 | Growth EPS=+102.2% | Growth Revenue=+13.4%
Additional Sources for HIMX Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle