HIMX Stock Analysis: Himax Technologies | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 2.445m USD | 12M Return: 69.9% | US43289P1066 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.3M
EPS Trend: -74.2%
Qual. Beats: 0
Rev. Trend: -94.3%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Himax Technologies (NASDAQ: HIMX) is a Taiwan-based fabless semiconductor company founded in 2001 and headquartered in Tainan City. It specializes in display imaging processing technologies and operates through two business segments: Driver IC and Non-Driver Products.
The company designs display driver integrated circuits (ICs) and timing controllers used across a wide range of end products, including televisions, PC monitors, laptops, smartphones, tablets, automotive displays, ePaper devices, and industrial screens. Its product portfolio also extends to automotive IC solutions, OLED technologies, power management ICs, touch controller ICs, LED drivers, EPD ICs, CMOS image sensors, and ultralow power WiseEye smart image sensing products, as well as wafer-level optics, LCoS microdisplays, and 3D sensing solutions. Customers include panel manufacturers, mobile device module makers, and end-product manufacturers across China, Taiwan, Korea, Japan, the United States, Mexico, and other international markets.
As a fabless chip designer, Himax outsources semiconductor wafer fabrication to third-party foundries, focusing internal resources on R&D and design. Display driver ICs are a critical component in the display panel supply chain, as they translate image data from a devices processor into the electrical signals that drive individual pixels on screens ranging from small wearables to large televisions.
- China TV and monitor demand recovery lifts Driver IC shipments
- Automotive OLED and local dimming drive IC segment growth
- WiseEye AI sensing products diversify non-driver revenue streams
| Net Income: 35.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -6.27 > 1.0 |
| NWC/Revenue: 55.25% < 20% (prev 48.63%; Δ 6.61% < -1%) |
| CFO/TA 0.03 > 3% & CFO 44.9m > Net Income 35.3m |
| Net Debt (-271.5m) to EBITDA (71.5m): -3.79 < 3 |
| Current Ratio: 1.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (174.4m) vs 12m ago -0.07% < -2% |
| Gross Margin: 31.08% > 18% (prev 30.51%; Δ 0.56% > 0.5%) |
| Asset Turnover: 47.45% > 50% (prev 52.08%; Δ -4.63% > 0%) |
| Interest Coverage Ratio: 14.33 > 6 (EBIT TTM 47.6m / Interest Expense TTM 3.33m) |
| A: 0.26 (Total Current Assets 1.29b - Total Current Liabilities 835.8m) / Total Assets 1.77b |
| B: 0.35 (Retained Earnings 625.8m / Total Assets 1.77b) |
| C: 0.03 (EBIT TTM 47.6m / Avg Total Assets 1.74b) |
| D: 1.04 (Book Value of Equity 899.5m / Total Liabilities 864.7m) |
| Altman-Z'' = 4.11 = AA |
| DSRI: 1.08 (Receivables 220.3m/219.8m, Revenue 826.2m/889.6m) |
| GMI: 0.98 (GM 30.51% / 31.08%) |
| AQI: 0.99 (AQ_t 0.21 / AQ_t-1 0.21) |
| SGI: 0.93 (Revenue 826.2m / 889.6m) |
| TATA: -0.01 (NI 35.3m - CFO 44.9m) / TA 1.77b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of September 27, 2026, the stock is trading at USD 14.44 with a total of 560,627 shares traded. Over the past week, the price has changed by +3.00%, over one month by +5.63%, over three months by -2.62% and over the past year by +69.87%.
Current recommended Stop Loss: 13.60 (which is 5.8% or 1.3 ATR below the current price).
Himax Technologies has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy HIMX.
- StrongBuy: 2
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 30.2 | 109.1% |
P/E Trailing = 66.7619
P/E Forward = 9.8425
P/S = 2.9512
P/B = 2.7206
P/EG = 1.4893
Revenue TTM = 826.2m USD
EBIT TTM = 47.6m USD
EBITDA TTM = 71.5m USD
Long Term Debt = 19.5m USD (from longTermDebt, last quarter)
Short Term Debt = 574.2m USD (from shortTermDebt, last quarter)
Debt = 595.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 1.75m
Net Debt = -271.5m USD (calculated: Debt 595.4m - CCE 866.9m)
Enterprise Value = 2.17b USD (2.45b + Debt 595.4m - CCE 866.9m)
Interest Coverage Ratio = 14.33 (Ebit TTM 47.6m / Interest Expense TTM 3.33m)
EV/FCF = 80.34x (Enterprise Value 2.17b / FCF TTM 27.1m)
FCF Yield = 1.24% (FCF TTM 27.1m / Enterprise Value 2.17b)
FCF Margin = 3.28% (FCF TTM 27.1m / Revenue TTM 826.2m)
Net Margin = 4.27% (Net Income TTM 35.3m / Revenue TTM 826.2m)
Gross Margin = 31.08% ((Revenue TTM 826.2m - Cost of Revenue TTM 569.4m) / Revenue TTM)
Gross Margin QoQ = 33.09% (prev 30.37%)
Tobins Q-Ratio = 1.23 (Enterprise Value 2.17b / Total Assets 1.77b)
Interest Expense / Debt = 0.56% (Interest Expense 3.33m / Debt 595.4m)
Taxrate = 16.84% (7.46m / 44.3m)
NOPAT = 39.6m (EBIT 47.6m * (1 - 16.84%))
Current Ratio = 1.55 (Total Current Assets 1.29b / Total Current Liabilities 835.8m)
Debt / Equity = 0.66 (Debt 595.4m / totalStockholderEquity, last quarter 899.5m)
Debt / EBITDA = -3.79 (Net Debt -271.5m / EBITDA 71.5m)
Debt / FCF = -10.03 (Net Debt -271.5m / FCF TTM 27.1m)
Total Stockholder Equity = 895.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.03% (Net Income 35.3m / Total Assets 1.77b)
RoE = 3.94% (Net Income TTM 35.3m / Total Stockholder Equity 895.5m)
RoCE = 5.21% (EBIT 47.6m / Capital Employed (Equity 895.5m + L.T.Debt 19.5m))
RoIC = 2.69% (NOPAT 39.6m / Invested Capital 1.47b)
WACC = 12.57% (E(2.45b)/V(3.04b) * Re(15.52%) + D(595.4m)/V(3.04b) * Rd(0.56%) * (1-Tc(0.17)))
Discount Rate = 15.52% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -17.86 | Cagr: -0.15%
[DCF] Terminal Value 59.10% ; FCFF base≈69.5m ; Y1≈60.9m ; Y5≈49.2m
[DCF] Fair Price = 4.25 (EV 469.0m - Net Debt -271.5m = Equity 740.5m / Shares 174.4m; r=12.57% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -74.17 | EPS CAGR: -26.65% | SUE: 0.49 | # QB: 0
Revenue Correlation: -94.30 | Revenue CAGR: -5.76% | SUE: 0.75 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.09 | Chg30d=+80.00% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=0.47 | Chg30d=+17.50% | Revisions=+25% | GrowthEPS=+86.5% | GrowthRev=+14.1%
EPS next Year (2027-12-31): EPS=1.30 | Chg30d=+30.00% | Revisions=+0% | GrowthEPS=+176.6% | GrowthRev=+29.6%