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Company Analysis

Himax Technologies, Inc. HIMX

A comprehensive view of key metrics, scores, and financial health for Himax Technologies, Inc.

Overview of Himax Technologies, Inc.

HIMX NMS
Technology Semiconductors Framework: General Corporate Small Cap
Himax Technologies, Inc. (HIMX), is a Small Cap company, in the Semiconductors industry, last closed at $10.45, about 4.8% undervalued vs fair value, +32.1% 1Y return, ranked 529/780 in sector.
Metrics P/E 16.3× Rev Growth -8.2% ROE 4.9% Gross Margin 30.6% Div Yield 4.55%
USD 10.45
-3.86%
(Delayed)
• Vol 90d: 64.1%
52-Week Range
Market Cap
$1.82B
Enterprise Value
$2.16B
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Fair
Growth
Weak
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Fair
Completeness: 100%
Confidence: 97%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.himax.com.tw
HQ Tainan City
Employees 2,200
Fiscal year Dec 31

Next Events

Earnings Nov 5 Call: Nov 5

Fair Value Snapshot

Bear Base Bull
$10
$11
$12
Current: $10.45 +5% vs base

Engine Room Money Flow™

Small Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$832.2M
-8.2%%
Gross Profit
$254.4M
-7.9%%
Operating Income
$44.1M
-35.3%%
Net Income
$43.9M
-44.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
272.0%
Excellent

Operating Cash Flow / Net Income

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
-
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$69.7M
58.3% of FCF

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
1
Active Leaks
0/1
Improving
0
High Impact
0
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Himax Technologies, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
45
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Operating Expense Control OpEx growth is controlled (score 0.60), demonstrating operating leverage.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 23.1th percentile with high volatility suggests weak pricing power or commoditized products.
  • Liquidity Concerns Liquidity is concerning (score 0.17), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
44
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing HIMX's balance between Growth (20.0%), Profitability (43.2%), and Safety (36.8%). Growth 20% Safety 37% Profitability 43%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

27th percentile vs peers
28
Key Signals
EPS Growth YoY 10.4% 52p Rev Growth YoY -8.2% 19p TSR 6.5% 55p Revenue CAGR 3Y -11.5% 12p EPS CAGR 3Y -28.1% 17p
Strengths
  • Interest Coverage Ratio in top 20% of peers (16.72, 85th percentile)
  • FCF Margin in top 20% of peers (14.4%, 85th percentile)
  • Cash Flow to Debt Ratio in top 20% of peers (1.48, 80th percentile)
  • Consistently strong margins across 4 metrics
Risks
  • Rev Growth YoY in bottom 20% of peers (-8.2%)

Profitability

59th percentile vs peers
60
Key Signals
Strengths
Risks
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Safety

51th percentile vs peers
51
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Himax Technologies, Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$10.95
- - -
+4.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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