Himax Technologies, Inc.

DB:H6Q Stock Report

Market Cap: €2.2b

Himax Technologies Valuation

Is H6Q undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of H6Q when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: H6Q (€11.8) is trading above our estimate of future cash flow value (€0.34)

Significantly Below Future Cash Flow Value: H6Q is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for H6Q?

Key metric: As H6Q is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for H6Q. This is calculated by dividing H6Q's market cap by their current earnings.
What is H6Q's PE Ratio?
PE Ratio72.8x
EarningsUS$35.27m
Market CapUS$2.57b

Price to Earnings Ratio vs Peers

How does H6Q's PE Ratio compare to its peers?

The above table shows the PE ratio for H6Q vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.5x
ELG Elmos Semiconductor
23.9x17.79%€2.4b
SIS First Sensor
50xn/a€558.3m
IFX Infineon Technologies
63.1x35.28%€75.9b
AIXA AIXTRON
72.8x38.65%€4.2b
H6Q Himax Technologies
72.8x70.19%€2.6b

Price-To-Earnings vs Peers: H6Q is expensive based on its Price-To-Earnings Ratio (72.8x) compared to the peer average (53.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does H6Q's PE Ratio compare vs other companies in the European Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
H6Q 72.8xIndustry Avg. 50.3xNo. of Companies4PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: H6Q is expensive based on its Price-To-Earnings Ratio (72.8x) compared to the European Semiconductor industry average (50.3x).

Price to Earnings Ratio vs Fair Ratio

What is H6Q's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

H6Q PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio72.8x
Fair PE Ratio78.9x

Price-To-Earnings vs Fair Ratio: H6Q is good value based on its Price-To-Earnings Ratio (72.8x) compared to the estimated Fair Price-To-Earnings Ratio (78.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst H6Q forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.80
€25.98
+120.18%
42.38%€36.99€14.97n/a2
Sep ’27€11.70
€26.12
+123.22%
42.38%€37.19€15.05n/a2
Aug ’27€11.00
€20.13
+82.96%
26.58%€25.48€14.78n/a2
Jul ’27€13.40
€20.13
+50.19%
26.58%€25.48€14.78n/a2
Jun ’27€17.50
€20.13
+15.01%
26.58%€25.48€14.78n/a2
May ’27€9.70
€7.79
-19.72%
11.11%€8.65€6.92n/a2
Apr ’27€6.90
€7.79
+12.85%
11.11%€8.65€6.92n/a2
Mar ’27€6.30
€7.19
+14.16%
13.31%€8.42€5.90n/a4
Feb ’27€6.95
€7.38
+6.23%
13.31%€8.65€6.05n/a4
Jan ’27€6.95
€7.38
+6.23%
13.31%€8.65€6.05n/a4
Dec ’26€6.40
€7.38
+15.36%
13.31%€8.65€6.05n/a4
Nov ’26€8.15
€7.49
-8.12%
12.52%€8.57€6.00n/a4
Oct ’26€7.45
€8.00
+7.33%
16.18%€9.96€6.01n/a5
Sep ’26€6.90
€8.00
+15.89%
16.18%€9.96€6.01€11.705
Aug ’26€7.65
€8.50
+11.17%
19.23%€10.52€5.99€11.005
Jul ’26€7.50
€8.83
+17.77%
19.23%€10.93€6.22€13.405
Jun ’26€7.40
€8.83
+19.36%
19.23%€10.93€6.22€17.505
May ’26€6.15
€10.70
+73.94%
29.16%€14.30€5.72€9.704
Apr ’26€6.75
€10.70
+58.48%
29.16%€14.30€5.72€6.904
Mar ’26€9.35
€10.70
+14.41%
29.16%€14.30€5.72€6.304
Feb ’26€9.65
€10.53
+9.16%
34.15%€14.54€5.82€6.953
Jan ’26€7.55
€10.35
+37.14%
34.15%€14.29€5.72€6.953
Dec ’25€4.86
€7.65
+57.42%
29.74%€10.82€5.60€6.403
Nov ’25€5.20
€7.64
+46.86%
29.74%€10.80€5.59€8.153
Oct ’25€4.90
€7.64
+55.85%
29.74%€10.80€5.59€7.453
Sep ’25€5.30
€7.64
+44.09%
29.74%€10.80€5.59€6.903
€24.19
Fair Value
51.2% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 04:34
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Himax Technologies, Inc. is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tristan GerraBaird
Daniel HeylerBofA Global Research
Jaywant SrivatsaChardan Capital Markets, LLC