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. In the quarter to June 2026, revenue grew 5.85%, EPS grew 10.0%, free cash flow fell 76.7% and total debt rose 1,725.4%, each against the same quarter a year earlier.

11.65 0.46 −3.80%
Market cap
$2.1B
P/E
56.6×
Fwd P/E
50.2×
Dividend yield
2.16%
F-score
6/9
Altman Z
2.43
Beneish M
−2.95
Dividend safety
38/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.26%

Capital & Financial Ratios $m

Market Cap 2,060.00
Revenue 828.63
Net Income 36.88
Free Cash Flow 26.93
Net Debt (273.24)
Current Ratio 1.55 (at or above 1.5: strong)
Debt/Equity 0.65
P/E ratio 56.55 (above 35: high)
Fwd P/E 50.20 (above 35: high)
P/S ratio 2.45
P/B ratio 2.23
Past 5Y EPS Growth (1.37%) (below 0%: weak)
This Y EPS Growth 86.51% (at or above 15%: strong)
Next Y EPS Growth 176.60% (at or above 15%: strong)
Next Y revenue growth 14.09% (at or above 10%: strong)
Next 5Y EPS Growth 113.43% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 78.78%
10-year low 10-year high
P/S against its own 10 years 88.98%
10-year low 10-year high
P/B against its own 10 years 59.09%
10-year low 10-year high
EV/Sales against its own 10 years 90.75%
10-year low 10-year high
EV/FCF against its own 10 years 90.46%
10-year low 10-year high

Dividends

Payout Ratio 1.22
Annual Dividend Rate 0.25
Annual Dividend Yield 2.16%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.36
0.25
2025 0.23
0.37
2024 0.29
0.29
2023 0.48
0.48
2022 1.25
1.25
2021 0.27
0.27
2020 Powerpack
2019 Powerpack
2018 0.10
0.10
2017 0.24
0.24
2016 0.13
0.13
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 5.85 4.88 3.03 1.70 1.73 7.01 4.81 5.22 4.80 5.66

Analyst estimates 2026–2028

Powerpack
High 12.00 13.95 10.98 4.22 8.30 17.88 16.28 8.70 9.80 13.91
People
People Employees 2,125 2,190 2,160 1,975 2,056 2,083 2,181 2,164 2,177 2,238
Revenue/emp, $m 0.38 0.31 0.34 0.34 0.43 0.74 0.55 0.44 0.42 0.37
Income, $m
Income, $m Revenue 803 685 724 672 887 1,547 1,201 945 907 832
Gross margin, % 24.20 24.38 23.34 20.53 24.88 48.39 40.55 27.87 30.46 30.57
EBT 59 30 7 (16) 57 545 277 44 77 55
EBT margin, % 7.40 4.39 0.97 (2.35) 6.41 35.20 23.02 4.70 8.53 6.59
Net income 49 26 6 (16) 45 434 235 49 80 45
Depreciation 14 17 20 24 24 21 21 20 22 23
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
Earnings 0.30 0.16 0.05 (0.08) 0.27 2.50 1.36 0.29 0.46 0.25
Cash flow 0.49 0.17 0.02 0.04 0.59 2.22 0.47 0.88 0.66 0.80
Capex (0.05) (0.23) (0.29) (0.27) (0.03) (0.05) (0.07) (0.13) (0.08) (0.12)
Free cash flow 0.45 (0.06) (0.27) (0.22) 0.56 2.18 0.41 0.74 0.59 0.68
Book value 2.72 2.63 2.56 2.50 2.81 4.99 5.12 4.95 5.13 5.17
Shares, m 172 172 173 173 173 175 175 174 175 175
Valuation, ×
Valuation, × P/E 20.06 61.29 68.60 0.00 26.39 6.40 4.70 22.31 17.87 31.99
P/S 1.34 2.62 0.82 0.68 1.44 1.80 0.92 1.17 1.55 1.72
P/B 2.29 3.96 1.34 1.06 2.63 3.20 1.24 1.28 1.57 1.58
EV/Sales 0.92 2.19 0.68 0.52 1.28 1.50 0.46 0.99 0.78 1.41
EV/FCF 9.63 (145.56) (10.60) (9.12) 11.70 6.12 7.84 7.26 6.92 9.80
Cash, $m
Cash, $m Operating cash flow 85 29 4 8 103 388 83 153 116 140
Capex (8) (40) (51) (46) (6) (8) (12) (23) (13) (21)
Free cash flow 77 (10) (47) (38) 97 380 71 129 103 120
Balance, $m
Balance, $m Working capital 378 319 263 224 342 592 643 492 461 466
Total debt 138 147 184 167 163 53 47 494 35 29
Net debt (195) (149) (98) (109) (143) (466) (553) (166) (694) (826)
Shareholders’ equity 468 454 442 431 485 872 894 864 896 902
Returns, %
Returns, % ROA 6.36 3.45 1.05 (1.65) 5.45 34.77 14.34 3.03 4.86 2.60
ROIC 13.54 1.71 0.61 (3.55) 10.58 83.90 47.19 3.87 21.05 36.12
ROE 11.20 6.01 1.91 (3.12) 10.29 64.38 26.84 5.76 9.06 4.89
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $3.9B 44.1× 39.8× +21.66% (above 0%: growing) +3.03% (above 0%: growing) +31.47% (above 0%: growing) 33.12% 7.47% Compare
POWI Power Integrations, Inc. $2.5B 96.7× 112× +2.66% (above 0%: growing) +800.00% (above 0%: growing) −23.62% (below 0%: shrinking) 54.34% 7.48% Compare
NVTS Navitas Semiconductor Corporation $2.4B — (loss-making) — (loss-making) −27.34% (below 0%: shrinking) n/m −171.50% (below 0%: shrinking) 38.73% (258.24%) Compare
IMOS Chipmos Technologies $2.3B 30.0× — +25.55% (above 0%: growing) n/m −9.79% (below 0%: shrinking) 17.96% 12.84% Compare
HIMX Himax Technologies, Inc. $2.1B 56.6× 50.2× +5.85% (above 0%: growing) +10.00% (above 0%: growing) −76.68% (below 0%: shrinking) 33.09% 10.80%
LASR nLight $2.1B — (loss-making) — (loss-making) +33.78% (above 0%: growing) n/m +576.25% (above 0%: growing) 31.15% (4.32%) Compare
WOLF Wolfspeed, Inc. $1.4B — (loss-making) — — n/m — 100.00% 100.00% Compare
AMBQ Ambiq Micro, Inc. $1.3B — (loss-making) — (loss-making) +89.68% (above 0%: growing) n/m +18.56% (above 0%: growing) 45.03% (25.74%) Compare
POET POET Technologies Inc. $1.0B — (loss-making) — +112.25% (above 0%: growing) n/m −55.77% (below 0%: shrinking) 100.00% (3,542.81%) Compare
Median of peers $2.2B 44.1× — +25.55% — −9.79% 41.88% 1.58%

All 67 Semiconductors stocks →

Himax Technologies, Inc. (HIMX) key facts

  • Concern: Himax Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $832.2 million, down 8.23% from fiscal 2024.
  • Himax Technologies, Inc. (HIMX) is a Semiconductors company in the Technology sector, traded in the US as an ADR.
  • As of October 16, 2026, HIMX traded at $11.65, a market capitalization of $2.1 billion.
  • Himax Technologies, Inc. pays an annual dividend of $0.25 per share, a yield of 2.16%, with a payout ratio of 122.3%.
  • Return on equity was 4.89% and debt-to-equity 0.65.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.43 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Himax Technologies, Inc. (HIMX) Latest News

7 Oct

13 Aug

Impact 3 · transcript
stockrow.com/HIMX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com