(HIMX) Himax Technologies - Overview
Stock: Display Driver ICs, Timing Controllers, Touch ICs, Power ICs, Image Sensors
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.14% |
| Yield on Cost 5y | 3.35% |
| Yield CAGR 5y | 8.00% |
| Payout Consistency | 67.6% |
| Payout Ratio | 1.7% |
| Risk 5d forecast | |
|---|---|
| Volatility | 45.5% |
| Relative Tail Risk | -9.38% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.12 |
| Alpha | -40.80 |
| Character TTM | |
|---|---|
| Beta | 1.809 |
| Beta Downside | 1.912 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.16% |
| CAGR/Max DD | 0.11 |
Description: HIMX Himax Technologies January 19, 2026
Himax Technologies, Inc. (NASDAQ:HIMX) is a fabless semiconductor firm headquartered in Tainan City, Taiwan, that designs and sells display-imaging processing ICs to a global customer base spanning China, Taiwan, Korea, Japan, the United States and other regions.
The business is split into two reporting segments: Driver IC and Non-Driver Products. The Driver IC line supplies timing controllers and display driver ICs for TVs, PC monitors, laptops, smartphones, tablets, automotive dashboards, e-paper and industrial panels. The Non-Driver portfolio adds power-management ICs, touch-controller ICs, OLED and LED drivers, EPD ICs, CMOS image sensors, ultra-low-power WiseEye sensors, wafer-level optics, LCoS micro-displays and 3-D sensing solutions.
Key recent metrics (FY 2023): revenue $820 million (+12% YoY), gross margin 45.2%, operating cash flow $115 million, and R&D intensity 15% of revenue. The company’s exposure to the fast-growing automotive display market is notable-global automotive display IC demand is projected to expand at ~10% CAGR through 2027, driven by ADAS and infotainment adoption.
Sector-level drivers that materially affect Himax include (1) the resurgence of premium TV and OLED panel shipments in China and the U.S., (2) the continued rollout of 5G-enabled smartphones that require higher-resolution display drivers, and (3) supply-chain tightening for advanced silicon wafers, which can create pricing power for fabless designers with diversified foundry relationships.
For a deeper quantitative assessment, the ValueRay platform provides granular financial metrics and scenario analysis.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 62.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.54 > 1.0 |
| NWC/Revenue: 53.34% < 20% (prev 50.76%; Δ 2.57% < -1%) |
| CFO/TA 0.09 > 3% & CFO 158.6m > Net Income 62.2m |
| Net Debt (-226.1m) to EBITDA (93.5m): -2.42 < 3 |
| Current Ratio: 1.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (174.5m) vs 12m ago -0.25% < -2% |
| Gross Margin: 30.58% > 18% (prev 0.30%; Δ 3028 % > 0.5%) |
| Asset Turnover: 52.15% > 50% (prev 55.30%; Δ -3.15% > 0%) |
| Interest Coverage Ratio: 20.01 > 6 (EBITDA TTM 93.5m / Interest Expense TTM 3.61m) |
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 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) |
| Altman-Z'' Score: 4.30 = AA |
Beneish M -3.20
| DSRI: 0.93 (Receivables 201.1m/225.6m, Revenue 866.3m/900.3m) |
| GMI: 0.99 (GM 30.58% / 30.42%) |
| AQI: 0.97 (AQ_t 0.20 / AQ_t-1 0.21) |
| SGI: 0.96 (Revenue 866.3m / 900.3m) |
| TATA: -0.06 (NI 62.2m - CFO 158.6m) / TA 1.69b) |
| Beneish M-Score: -3.20 (Cap -4..+1) = AA |
What is the price of HIMX shares?
Over the past week, the price has changed by -2.71%, over one month by -7.92%, over three months by +0.06% and over the past year by -17.09%.
Is HIMX a buy, sell or hold?
- StrongBuy: 2
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the HIMX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.5 | 8% |
| Analysts Target Price | 8.5 | 8% |
| ValueRay Target Price | 8.3 | 4.3% |
HIMX Fundamental Data Overview February 03, 2026
P/E Forward = 9.8425
P/S = 1.6415
P/B = 1.6664
P/EG = 2.81
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 = 1.17b USD (1.42b + Debt 599.2m - CCE 846.4m)
Interest Coverage Ratio = 20.01 (Ebit TTM 72.2m / Interest Expense TTM 3.61m)
EV/FCF = 8.46x (Enterprise Value 1.17b / FCF TTM 138.9m)
FCF Yield = 11.82% (FCF TTM 138.9m / Enterprise Value 1.17b)
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 = 0.69 (Enterprise Value 1.17b / Total Assets 1.69b)
Interest Expense / Debt = 0.14% (Interest Expense 868.5k / Debt 599.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = 57.0m (EBIT 72.2m * (1 - 21.00%))
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 = 3.74% (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 = 3.96% (NOPAT 57.0m / Invested Capital 1.44b)
WACC = 8.88% (E(1.42b)/V(2.02b) * Re(12.58%) + D(599.2m)/V(2.02b) * Rd(0.14%) * (1-Tc(0.21)))
Discount Rate = 12.58% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.12%
[DCF Debug] Terminal Value 73.11% ; FCFF base≈133.2m ; Y1≈120.0m ; Y5≈103.2m
Fair Price DCF = 10.39 (EV 1.59b - Net Debt -226.1m = Equity 1.81b / Shares 174.3m; r=8.88% [WACC]; 5y FCF grow -12.26% → 2.90% )
EPS Correlation: -67.33 | EPS CAGR: -67.50% | SUE: -2.36 | # 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%