Himax Technologies (HIMX) AI Stock Analysis

• Market Cap: $1.29B
• Dividend Yield: 5%
• Average Volume (3M): 1.10M
• Price to Earnings (P/E): 20.6
• Beta (1Y): 2.04
• Revenue Growth: -3.62%
• EPS Growth: -20.33%
• Country: US
• Employees: 2,177
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): <0.01
• Shares Outstanding: 174,913,400
• 10 Day Avg. Volume: 1,257,035
• 30 Day Avg. Volume: 1,098,349
• PEG Ratio: 0.27
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 1.55
• P/FCF Ratio: 13.65
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 1.50
• Enterprise Value/Gross Profit: 4.91
• Enterprise Value/Ebitda: 13.89
• 1Y Price Target: $10.00
• Price Target Upside: 35.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.26
• Revenue Forecast (FY): $827.01M

• Rating: 60 Neutral
• Price Target: $8.50 ▲(14.86% Upside)

Himax Technologies' overall stock score is primarily influenced by stable financial performance and a positive earnings call, despite bearish technical indicators and potential overvaluation. The company's strategic focus on emerging technologies and a strong dividend yield provide some optimism for future growth.

Positive Factors

Automotive Segment Growth

The automotive segment, contributing over 15% of total revenue, shows potential for sustained growth, driven by demand for advanced driver assistance systems and related technologies.

Strong Cash Position

A robust cash position enhances financial flexibility, enabling strategic investments in R&D and potential acquisitions to support long-term growth.

Focus on Emerging Technologies

Investing in emerging technologies positions Himax for future growth by diversifying its product offerings and tapping into new, high-growth markets.

Negative Factors

Declining Revenue Trend

A consistent decline in revenue, particularly in large display drivers, poses a risk to long-term financial health and could impact profitability if not addressed.

Higher Operating Expenses

Rising operating expenses, driven by compensation and R&D costs, may pressure margins and reduce profitability if revenue growth does not keep pace.

Challenging Macroeconomic Environment

Macroeconomic uncertainties and trade tensions could impact customer demand and supply chain stability, affecting long-term business operations and growth.

Himax Technologies Business Overview & Revenue Model

Company Description

Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices. The company also designs and provides controllers for touch sensor displays; in-cell touch and display driver integration single-chip solutions; light-emitting diode driver and power management ICs; and liquid crystal on silicon microdisplays for augmented reality (AR) devices and head-up displays for the automotive industry. In addition, it offers complementary metal-oxide-semiconductor image sensors and wafer-level optics for AR devices, 3D sensing, and ultra-low power AI image sensing, which are used in various applications, such as mobile phones, tablets, laptops, TV, PC camera, automobile, security, medical devices, home appliance, Internet of Things, etc. The company markets its display drivers and display-related products to panel manufacturers, agents or distributors, module manufacturers, and assembly houses; and non-driver products to camera module manufacturers, optical engine manufacturers, and television system manufacturers. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.

How the Company Makes Money

Himax Technologies generates revenue through the sale of semiconductor products, particularly display drivers and related components. The company's key revenue streams include the sale of driver ICs for LCD and OLED displays, touch controllers, and image sensors. Himax serves a diverse customer base, including major manufacturers in the consumer electronics, automotive, and industrial sectors. Additionally, the company benefits from strategic partnerships with technology firms and OEMs that integrate its products into their devices. The growth in demand for advanced display technologies, especially in smartphones, tablets, and automotive displays, drives significant revenue for Himax, along with the increasing trend of display integration and miniaturization in electronic devices.

Himax Technologies Financial Statement Overview

Summary

Himax Technologies demonstrates stable profitability and a solid balance sheet, with a moderate leverage position and healthy cash flows. However, the declining revenue trend and lower profit margins pose risks to long-term financial health.

Income Statement

Himax Technologies has shown a decline in revenue over the TTM period, with a negative revenue growth rate of -2.61%. Despite this, the company maintains a stable gross profit margin of 30.51% and a net profit margin of 8.34%, indicating efficient cost management. However, the declining revenue trend and lower margins compared to previous years suggest potential challenges in maintaining profitability.

Balance Sheet

The company's debt-to-equity ratio stands at 0.62, indicating a moderate level of leverage. Return on equity is 8.40%, reflecting a decent return for shareholders, though it has decreased from previous years. The equity ratio is not explicitly mentioned, but the balance sheet shows a stable financial position with a reasonable level of debt.

Cash Flow

Himax Technologies has experienced a slight growth in free cash flow of 4.56% over the TTM period. The operating cash flow to net income ratio is 0.19, suggesting that cash generation from operations is lower relative to net income. The free cash flow to net income ratio is strong at 0.90, indicating effective conversion of income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	866.32M	906.80M	945.43M	1.20B	1.55B	887.28M
Gross Profit	264.92M	276.20M	263.50M	487.11M	748.58M	220.78M
EBITDA	93.54M	90.58M	58.65M	300.69M	567.01M	82.98M
Net Income	62.21M	79.75M	50.62M	236.98M	436.90M	47.13M
Balance Sheet
Total Assets	1.69B	1.64B	1.64B	1.70B	1.60B	909.82M
Cash, Cash Equivalents and Short-Term Investments	846.38M	224.57M	206.38M	229.90M	364.38M	201.42M
Total Debt	599.17M	545.36M	498.14M	420.02M	208.50M	165.57M
Total Liabilities	812.01M	743.19M	779.70M	807.94M	731.21M	424.62M
Stockholders Equity	875.45M	890.06M	856.77M	892.57M	869.72M	480.18M
Cash Flow
Free Cash Flow	138.91M	102.77M	129.35M	70.78M	380.25M	96.74M
Operating Cash Flow	158.59M	115.98M	152.84M	82.91M	388.28M	102.61M
Investing Cash Flow	-13.45M	-516.00K	-88.88M	15.00M	-232.68M	-22.36M
Financing Cash Flow	-81.65M	-88.22M	-93.59M	-211.07M	-4.49M	3.26M

Himax Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HIMX, the sentiment is Negative. The current price of 7.4 is below the 20-day moving average (MA) of 8.71, below the 50-day MA of 8.71, and below the 200-day MA of 8.40, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 33.17 is Neutral, neither overbought nor oversold. The STOCH value of 6.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HIMX.

Himax Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLAB	73 Outperform	$1.25B	11.96	9.89%	―	-1.79%	-22.58%
VECO	70 Neutral	$1.76B	35.19	6.12%	―	-3.90%	-41.66%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
HIMX	60 Neutral	$1.29B	20.57	7.17%	5.00%	-3.62%	-20.33%
MXL	45 Neutral	$1.21B	―	-35.16%	―	7.53%	22.97%
UCTT	45 Neutral	$1.08B	―	-20.61%	―	6.65%	-4652.36%
NVTS	45 Neutral	$1.74B	―	-33.25%	―	-38.06%	-50.14%

Himax Technologies Corporate Events

Himax Technologies Exceeds Q3 2025 Expectations; Provides Q4 Guidance

On November 6, 2025, Himax Technologies reported its financial results for the third quarter of 2025, revealing that both revenues and earnings per share significantly exceeded their guidance. Despite a sequential revenue decline of 7.3%, the company outperformed its guidance range, driven by strong sales in automotive IC and Tcon product lines. Himax’s gross margin was in line with expectations, and its after-tax profit exceeded forecasts, highlighting the company’s resilience amid a challenging macroeconomic environment. Looking ahead, Himax provided guidance for the fourth quarter, expecting flat revenues and gross margins, with a profit per diluted ADS between 2.0 and 4.0 cents. The company remains optimistic about its automotive business and is focusing on expanding into high-growth areas such as AI and smart glasses, which are expected to drive future growth.