Himax Technologies, Inc.

HIMX Technology Semiconductors

Himax Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $832.2 million, down 8.23% from fiscal 2024.

Revenue
+5.85%
EPS
+10.0%
Free cash flow
−76.7%
Total debt
+1,725.4%

Quarter to June 2026, against a year earlier

8.44 0.76 +9.90%
Market cap
$1.3B
P/E
37.9×
Fwd P/E
25.0×
Dividend yield
3.23%
F-score
6/9
Altman Z
2.43
Beneish M
−2.95
Dividend safety
38/100

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.26%

Capital & Financial Ratios $m

Size
Market Cap 1,310.00
Revenue ttm 828.63
Net income ttm 36.88
Free cash flow ttm 26.93
Net debt Q (273.24)
Valuation
P/E 37.91 (above 35: high)
Forward P/E 25.00
Price / sales 1.64
Forward P/S Powerpack
Price / FCF 50.59
Price / book 1.50
Financial health
Current ratio Q 1.55 (at or above 1.5: strong)
Debt / equity Q 0.65
Interest coverage Q 30.14
Growth
Revenue growth Q +5.85% (above 0%: growing)
Operating income growth Q +35.64% (above 0%: growing)
EPS, this year +42.86% (at or above 15%: strong)
EPS, next year A +69.44% (at or above 15%: strong)
Revenue, next year A +14.09% (at or above 10%: strong)
EPS, past 5 yrs −1.37% (below 0%: weak)
EPS, next 5 yrs A +80.42% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 61.08%
10-year low 10-year high
P/S against its own 10 years 61.24%
10-year low 10-year high
P/B against its own 10 years 36.71%
10-year low 10-year high
EV/Sales against its own 10 years 62.96%
10-year low 10-year high
EV/FCF against its own 10 years 87.62%
10-year low 10-year high

Dividends

Yield
3.23%
Annual rate
0.25
Payout ratio
122.3%
Growth, 2017–25
+5.56%/yr
  1. 0.24 ’17
  2. 0.10 ’18 −58
  3. 0.00 ’19 −100
  4. 0.00 ’20
  5. 0.27 ’21
  6. 1.25 ’22 +360
  7. 0.48 ’23 −62
  8. 0.29 ’24 −40
  9. 0.37 ’25 +28
  10. 0.36 ’26e −3
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 659 728 854 867
Receivables 237 238 201 220
Inventory 217 159 153 151
Other 87 43 57 54
1,201 1,168 1,265 1,292
2023 2024 2025 Q'26
Payables 107 113 139 132
ST’ Debt 459 6 6 574
Other 127 74 72 110
709 707 800 836

Compound Annual Growth %

10y 5y 3y
Sales 1.86% (1.27%) (11.52%)
Cash Flow 20.05% 6.42% 19.09%
Earnings 5.72% (1.39%) (42.98%)
Book Value 7.41% 13.21% 0.31%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.05 0.11 — — —
’25 0.11 0.10 0.01 0.04 0.25
’24 0.07 0.17 0.07 0.14 0.46
’23 0.09 0.00 0.06 0.13 0.29
’22 0.66 0.40 0.05 0.24 1.36
’21 0.38 0.62 0.68 0.82 2.50
’20 0.02 0.01 0.05 0.20 0.27
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 199 227 — — —
’25 215 215 199 203 832
’24 208 240 222 237 907
’23 244 235 239 228 945
’22 413 313 214 262 1,201
’21 309 365 421 452 1,547
’20 185 187 240 276 887
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 4 18 — — —
’25 56 60 7 17 140
’24 57 27 (3) 35 116
’23 66 2 16 69 153
’22 72 9 (4) 5 83
’21 60 85 61 182 388
’20 11 (20) 44 68 103
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1 13 — — —
’25 51 56 0 13 120
’24 54 22 (6) 32 103
’23 64 (1) 13 54 129
’22 68 7 (7) 3 71
’21 58 84 58 180 380
’20 7 (17) 40 67 97
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 803 685 724 672 887 1,547 1,201 945 907 832 829 +0.4% 949 1,231 1,612 +24.7%
Gross margin, % 24.20 24.38 23.34 20.53 24.88 48.39 40.55 27.87 30.46 30.57 31.07 +6.4 pt
EBT 59 30 7 (16) 57 545 277 44 77 55 44 (0.9%)
EBT margin, % 7.40 4.39 0.97 (2.35) 6.41 35.20 23.02 4.70 8.53 6.59 5.35 (0.8) pt
Net income 49 26 6 (16) 45 434 235 49 80 45 37 (0.8%)
Per share, $
Per share, $ Revenue 4.66 3.97 4.19 3.89 5.13 8.86 6.88 5.42 5.19 4.77 4.75 +0.3%
Earnings 0.30 0.16 0.05 (0.08) 0.27 2.50 1.36 0.29 0.46 0.25 0.21 (1.9%)
Cash flow 0.49 0.17 0.02 0.04 0.59 2.22 0.47 0.88 0.66 0.80 0.26 +5.6%
Capex (0.05) (0.23) (0.29) (0.27) (0.03) (0.05) (0.07) (0.13) (0.08) (0.12) (0.10) +11.0%
Free cash flow 0.45 (0.06) (0.27) (0.22) 0.56 2.18 0.41 0.74 0.59 0.68 0.15 +4.9%
Book value 2.72 2.63 2.56 2.50 2.81 4.99 5.12 4.95 5.13 5.17 5.21 +7.4%
Shares, m 172 172 173 173 173 175 175 174 175 175 174 +0.1%
Valuation, ×
Valuation, × P/E 20.06 61.29 68.60 0.00 26.39 6.40 4.70 22.31 17.87 31.99 37.91 26.0
P/S 1.34 2.62 0.82 0.68 1.44 1.80 0.92 1.17 1.55 1.72 1.64 1.4
P/B 2.29 3.96 1.34 1.06 2.63 3.20 1.24 1.28 1.57 1.58 1.50 2.0
EV/Sales 0.92 2.19 0.68 0.52 1.28 1.50 0.46 0.99 0.78 1.41 1.31 1.1
EV/FCF 9.63 (145.56) (10.60) (9.12) 11.70 6.12 7.84 7.26 6.92 9.80 40.44 (10.6)
Cash, $m
Cash, $m Operating cash flow 85 29 4 8 103 388 83 153 116 140 45 +5.7%
Capex (8) (40) (51) (46) (6) (8) (12) (23) (13) (21) (18) +11.2%
Free cash flow 77 (10) (47) (38) 97 380 71 129 103 120 27 +5.0%
Balance, $m
Balance, $m Working capital 378 319 263 224 342 592 643 492 461 466 456 +2.3%
Net debt (195) (149) (98) (109) (143) (466) (553) (166) (694) (826) (273) +17.4%
Shareholders’ equity 468 454 442 431 485 872 894 864 896 902 909 +7.6%
Returns, %
Returns, % ROA 6.36 3.45 1.05 (1.65) 5.45 34.77 14.34 3.03 4.86 2.60 2.03 (3.8) pt
ROIC 13.54 1.71 0.61 (3.55) 10.58 83.90 47.19 3.87 21.05 36.12 4.02 +22.6 pt
ROE 11.20 6.01 1.91 (3.12) 10.29 64.38 26.84 5.76 9.06 4.89 3.96 (6.3) pt
People
People Employees 2,125 2,190 2,160 1,975 2,056 2,083 2,181 2,164 2,177 2,238 — +0.6%
Revenue/emp, $m 0.38 0.31 0.34 0.34 0.43 0.74 0.55 0.44 0.42 0.37 — (0.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Himax Technologies, Inc. vs peers in Semiconductors (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DIOD Diodes Incorporated $3.2B 27.6× 24.0× +35.81% (above 0%: growing) +206.45% (above 0%: growing) −29.66% (below 0%: shrinking) 36.14% 11.91% Compare
POWI Power Integrations, Inc. $2.2B 48.2× 60.7× +5.51% (above 0%: growing) n/m +50.14% (above 0%: growing) 55.56% 15.24% Compare
NVTS Navitas Semiconductor Corporation $2.1B — (loss-making) — (loss-making) +38.36% (above 0%: growing) n/m −79.86% (below 0%: shrinking) 39.35% (245.72%) Compare
LASR nLight $1.7B — (loss-making) — (loss-making) +33.78% (above 0%: growing) n/m +576.25% (above 0%: growing) 31.15% (4.32%) Compare
IMOS Chipmos Technologies $1.5B 20.9× — +25.55% (above 0%: growing) n/m −9.79% (below 0%: shrinking) 17.96% 12.84% Compare
HIMX Himax Technologies, Inc. $1.3B 37.9× 25.0× +5.85% (above 0%: growing) +10.00% (above 0%: growing) −76.68% (below 0%: shrinking) 33.09% 10.80%
WOLF Wolfspeed, Inc. $1.1B — (loss-making) — — n/m — 100.00% 100.00% Compare
AMBQ Ambiq Micro, Inc. $851.8M — (loss-making) — (loss-making) +89.68% (above 0%: growing) n/m +18.56% (above 0%: growing) 45.03% (25.74%) Compare
AIP Arteris, Inc. $783.0M — (loss-making) — (loss-making) +48.06% (above 0%: growing) n/m −186.00% (below 0%: shrinking) 86.61% (43.90%) Compare
Median of peers $1.6B 27.6× — +35.81% — −9.79% 42.19% 3.80%

All 68 Semiconductors stocks →

Himax Technologies, Inc. (HIMX) Latest News

29 Oct

Impact 3 · · StockStory

21 Oct

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13 Aug

Impact 3 · · The Motley Fool transcript

22 Jun

stockrow.com/HIMX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com