Himax Technologies Valuation
Is H6Q undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair 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.
Below Fair Value: H6Q (€5) is trading above our estimate of fair value (€1.24)
Significantly Below Fair Value: H6Q is trading above our estimate of fair 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.
| What is H6Q's PE Ratio? | |
|---|---|
| PE Ratio | 11.9x |
| Earnings | US$78.71m |
| Market Cap | US$917.30m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 15.9x |
| PEG Ratio | 0.5x |
Price to Earnings Ratio vs Peers
How does H6Q's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 17.4x | ||
ELG Elmos Semiconductor | 10.6x | 4.1% | €1.1b |
IFX Infineon Technologies | 22.6x | 17.0% | €39.5b |
SMHN SÜSS MicroTec | 21.6x | -3.4% | €929.0m |
WAF Siltronic | 15x | -17.0% | €1.4b |
H6Q Himax Technologies | 11.9x | 24.3% | €917.3m |
Price-To-Earnings vs Peers: H6Q is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (17.4x).
Price to Earnings Ratio vs Industry
How does H6Q's PE Ratio compare vs other companies in the European Semiconductor Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: H6Q is good value based on its Price-To-Earnings Ratio (11.9x) compared to the European Semiconductor industry average (14.8x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 11.9x |
| Fair PE Ratio | 16.7x |
Price-To-Earnings vs Fair Ratio: H6Q is good value based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.7x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | €5.00 | €7.65 +53.0% | 29.7% | €10.82 | €5.60 | n/a | 3 |
| Nov ’25 | €5.20 | €7.51 +44.4% | 29.7% | €10.62 | €5.50 | n/a | 3 |
| Oct ’25 | €4.90 | €7.51 +53.3% | 29.7% | €10.62 | €5.50 | n/a | 3 |
| Sep ’25 | €5.30 | €7.51 +41.7% | 29.7% | €10.62 | €5.50 | n/a | 3 |
| Aug ’25 | €6.30 | €7.64 +21.2% | 29.7% | €10.80 | €5.59 | n/a | 3 |
| Jul ’25 | €7.35 | €7.64 +3.9% | 29.7% | €10.80 | €5.59 | n/a | 3 |
| Jun ’25 | €5.95 | €5.94 -0.2% | 6.8% | €6.49 | €5.56 | n/a | 3 |
| May ’25 | €4.70 | €6.00 +27.6% | 6.8% | €6.56 | €5.62 | n/a | 3 |
| Apr ’25 | €4.94 | €6.20 +25.5% | 7.1% | €6.51 | €5.58 | n/a | 3 |
| Mar ’25 | €5.05 | €6.20 +22.7% | 7.1% | €6.51 | €5.58 | n/a | 3 |
| Feb ’25 | €5.25 | €6.55 +24.8% | 11.7% | €7.49 | €5.62 | n/a | 3 |
| Jan ’25 | €5.55 | €6.55 +18.0% | 11.7% | €7.49 | €5.62 | n/a | 3 |
| Dec ’24 | €5.30 | €6.55 +23.6% | 11.7% | €7.49 | €5.62 | n/a | 3 |
| Nov ’24 | €5.05 | €7.36 +45.8% | 19.3% | €9.36 | €6.18 | €5.20 | 3 |
| Oct ’24 | €5.50 | €7.36 +33.9% | 19.3% | €9.36 | €6.18 | €4.90 | 3 |
| Sep ’24 | €5.65 | €7.22 +27.7% | 16.6% | €9.14 | €6.03 | €5.30 | 4 |
| Aug ’24 | €6.20 | €7.05 +13.7% | 17.9% | €9.21 | €6.08 | €6.30 | 4 |
| Jul ’24 | €6.20 | €7.05 +13.7% | 17.9% | €9.21 | €6.08 | €7.35 | 4 |
| Jun ’24 | €6.40 | €7.05 +10.1% | 17.9% | €9.21 | €6.08 | €5.95 | 4 |
| May ’24 | €5.90 | €7.41 +25.6% | 15.4% | €9.36 | €6.55 | €4.70 | 4 |
| Apr ’24 | €7.40 | €7.41 +0.1% | 15.4% | €9.36 | €6.55 | €4.94 | 4 |
| Mar ’24 | €6.96 | €7.41 +6.5% | 15.4% | €9.36 | €6.55 | €5.05 | 4 |
| Feb ’24 | €7.66 | €7.39 -3.6% | 17.9% | €9.65 | €6.37 | €5.25 | 4 |
| Jan ’24 | €5.98 | €7.39 +23.5% | 17.9% | €9.65 | €6.37 | €5.55 | 4 |
| Dec ’23 | €6.88 | €7.39 +7.3% | 17.9% | €9.65 | €6.37 | €5.30 | 4 |
| Nov ’23 | €5.68 | €7.28 +28.2% | 24.3% | €10.12 | €5.26 | €5.05 | 4 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
Discover undervalued companies
ACM Research
US$1.2b
Develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide.
813
US$17.71
7D
0.3%
1Y
14.1%
Flat Glass Group
HK$55.6b
Engages in the manufacture and sale of glass products in the People's Republic of China, the rest of Asia, Europe, North America, and internationally.
72T
HK$1.43
7D
-4.0%
1Y
-7.7%
Renesas Electronics
JP¥3.6t
Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.
NEN0
JP¥6.20
7D
5.1%
1Y
n/a