Himax Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Himax Technologies has a total shareholder equity of $902.1M and total debt of $596.8M, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are $1.7B and $832.9M respectively. Himax Technologies's EBIT is $44.1M making its interest coverage ratio -6.9. It has cash and short-term investments of $286.2M.
Key information
66.16%
Debt to equity ratio
US$596.84m
Debt
| Interest coverage ratio | -6.9x |
| Cash | US$286.22m |
| Equity | US$902.14m |
| Total liabilities | US$832.88m |
| Total assets | US$1.74b |
Recent financial health updates
Recent updates
Narrative Update • May 02
HIMX: Execution Risks Around AR Displays Will Pressure Future Earnings
Analysts have adjusted their price target on Himax Technologies to $8.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E after the recent downgrade highlighted in Street research. Analyst Commentary Bearish analysts have taken a more cautious stance on Himax Technologies, with the updated US$8.00 price target reflecting a tighter view on what they see as achievable returns relative to perceived risks.
New Narrative • Apr 19
Himax Technologies Could Reach $17 Over the Next Five Years
Himax Technologies (HIMX) has a credible path to $17 over the next five years because it remains a leading fabless semiconductor supplier of display driver ICs and timing controllers used in TVs, monitors, laptops, smartphones, and automotive displays. Its core products sit behind everyday consumer‑electronics demand, which gives it a stable installed base and recurring design‑in opportunities.Narrative Update • Apr 17
HIMX: Downgrade And Execution Risks Will Pressure Earnings Expectations
Analysts have trimmed their price target on Himax Technologies by $0.50 to reflect updated assumptions on discount rate, revenue growth, profit margins, and future P/E, citing a recent downgrade and more cautious sentiment in fresh research commentary. Analyst Commentary Bearish analysts are highlighting that the reduced price target and recent downgrade reflect a more cautious stance on how Himax Technologies might balance growth ambitions with execution risks and valuation constraints.
Narrative Update • Apr 03
HIMX: Future AI And Display Wins Will Support Post Downgrade Upside
Analysts have reset their price target on Himax Technologies to $10.00. The update is linked to changed assumptions around revenue growth, profit margins, and a future P/E of 11.38x that they now see as more appropriate for the stock following recent Street research, including a downgrade at a major brokerage.Narrative Update • Mar 19
HIMX: Execution Risks Around Revenue And Margins Will Pressure Shares
Analysts have lifted their fair value estimate for Himax Technologies from $7.00 to $8.00, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple, even as at least one firm recently shifted to a more cautious rating. Analyst Commentary Recent Street research reflects a more cautious tone around Himax Technologies, even as some valuation models point to higher fair value estimates.Seeking Alpha • Mar 16
Himax Technologies: The Best Is Yet To Come
Summary Himax (HIMX) shares surged on rumors of supplying NVIDIA and Apple, tied to next-gen AI data center technology. TSMC's Coupe technology, spotlighted for reducing GPU network power consumption, is central to the investment thesis. HIMX's WiseEye may be integrated into a leading brand's smart glasses, with mass production expected in 2026. Jensen Huang's emphasis on energy efficiency in AI data centers underpins the relevance of HIMX's potential partnerships. The valuation of Himax offers an asymmetrical risk/return- ratio which will reward patient investors. Read the full article on Seeking Alpha
Narrative Update • Mar 05
HIMX: AR And Silicon Photonics Progress Will Support Post Downgrade Upside
Analysts have reaffirmed their price target on Himax Technologies at $8.54 in this latest update, incorporating recent research that includes a downgrade at a major firm and a reassessment of assumptions around revenue growth, profit margins and future P/E. Analyst Commentary Recent Street research, including a downgrade at Morgan Stanley, gives a mixed read on Himax Technologies.Narrative Update • Feb 19
HIMX: AR And Silicon Photonics Progress Will Support Future Upside
Analysts have adjusted their price target on Himax Technologies to $8.54, reflecting updated views on revenue growth, profit margins, discount rate, and future P/E following recent research, including a downgrade highlighted by Morgan Stanley. Analyst Commentary Recent research around Himax Technologies centers on how sustainable the current earnings profile is and whether the revised US$8.54 price target still offers enough upside relative to execution risks.Analysis Article • Feb 05
Pinning Down Himax Technologies, Inc.'s (NASDAQ:HIMX) P/E Is Difficult Right Now
With a median price-to-earnings (or "P/E") ratio of close to 20x in the United States, you could be forgiven for...Narrative Update • Feb 04
HIMX: Future Display And AI Design Wins Will Support Upside Potential
Analysts have reduced their fair value estimate for Himax Technologies from about US$11.60 to roughly US$10.00, citing updated views on required returns, projected revenue growth, profit margins and future P/E assumptions following recent research, including the latest downgrade at a major firm. Analyst Commentary The latest research reset, including the recent downgrade at Morgan Stanley, has pushed some firms to revisit their valuation work on Himax Technologies and tighten their assumptions around required returns, revenue trajectories, margins and future P/E multiples.Narrative Update • Jan 21
HIMX: AR Glasses And Silicon Photonics Progress Will Support Steady Fair Value
Analysts have adjusted their price target for Himax Technologies to align with a fair value of US$8.54, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Himax and Vuzix introduced a new optical reference design for AR glasses that pairs Himax's HX7319FL Front-lit LCoS microdisplay with Vuzix waveguide technology, targeting lightweight, prescription-ready AR eyewear with fields of view from 30 degrees and brightness over 1,000 nits.Narrative Update • Jan 05
HIMX: AI Sensing And Optics Developments Will Support Steady Fairly Valued Outlook
Analysts have kept their price target for Himax Technologies broadly unchanged at about US$8.54. This reflects fine tuning to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions rather than a shift in their overall view.Narrative Update • Dec 17
HIMX: AI Sensing Expansion Will Support Steady Outlook And Fair Pricing
Analysts have modestly raised their price target on Himax Technologies to 8.54 dollars per share, up from 8.54 dollars, reflecting slightly improved assumptions around the company’s discount rate and future earnings multiple. What's in the News Himax and Liqxtal Technology will present the new Liqxtal Pro-Eye vision-care monitor, featuring Himax WiseEye AI facial recognition and eye-tracking, at the 2025 Taiwan Healthcare+ Expo.Narrative Update • Dec 03
HIMX: AI Sensing And Biometrics Will Support Steady Outlook And Fair Pricing
Analysts have nudged their price target on Himax Technologies modestly higher to approximately $8.54 per share. This reflects slightly lower perceived risk and steady expectations for revenue growth, profit margins, and future valuation multiples.Narrative Update • Nov 19
HIMX: New AI Applications Will Drive Momentum Despite Higher Discount Rate
Analysts have slightly lowered their price target for Himax Technologies from $8.74 to $8.54. They cite adjusted expectations for future earnings and risk factors, despite improved revenue growth and profit margins.Narrative Update • Nov 01
HIMX: New AI Biometrics And Automotive Displays Will Drive Steady Future Opportunity
Narrative Update on Himax Technologies Analyst Price Target Analysts have maintained their fair value estimate for Himax Technologies at $8.74. This reflects steady expectations despite only marginal shifts in discount rate and future P/E assumptions.Narrative Update • Oct 18
Automotive Cockpits And AR Will Expand Market Opportunities
Analysts have revised their fair value price target for Himax Technologies downward from $9.31 to $8.74. This revision reflects updated assumptions on discount rates and the future earnings multiple.Narrative Update • Aug 10
Automotive Cockpits And AR Will Expand Market Opportunities
Despite significantly higher revenue growth forecasts, a sharp drop in Himax Technologies' future P/E ratio has led analysts to lower their fair value estimate, with the consensus price target falling from $9.94 to $9.31. What's in the News Himax expects Q3 2025 net revenue to decline 12% to 17% quarter-over-quarter, projecting a loss of 2.0 to 4.0 cents per diluted ADS.Analysis Article • Aug 09
Investors Will Want Himax Technologies' (NASDAQ:HIMX) Growth In ROCE To Persist
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Analysis Article • Aug 09
Himax Technologies, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
It's been a mediocre week for Himax Technologies, Inc. ( NASDAQ:HIMX ) shareholders, with the stock dropping 16% to...Analysis Article • Jun 14
Himax Technologies (NASDAQ:HIMX) Is Increasing Its Dividend To $0.73
The board of Himax Technologies, Inc. ( NASDAQ:HIMX ) has announced that it will be paying its dividend of $0.73 on the...Analysis Article • May 29
Himax Technologies' (NASDAQ:HIMX) Upcoming Dividend Will Be Larger Than Last Year's
The board of Himax Technologies, Inc. ( NASDAQ:HIMX ) has announced that it will be paying its dividend of $0.73 on the...Analysis Article • May 09
There's Reason For Concern Over Himax Technologies, Inc.'s (NASDAQ:HIMX) Massive 29% Price Jump
Those holding Himax Technologies, Inc. ( NASDAQ:HIMX ) shares would be relieved that the share price has rebounded 29...Analysis Article • Mar 22
Some Himax Technologies, Inc. (NASDAQ:HIMX) Shareholders Look For Exit As Shares Take 26% Pounding
The Himax Technologies, Inc. ( NASDAQ:HIMX ) share price has softened a substantial 26% over the previous 30 days...Seeking Alpha • Mar 11
Automotive Drives Solid Revenue Base For Himax Technologies
Summary Himax Technologies excels in automotive display-driver sales, which grew nearly 20% YoY in 2024, now constituting 50% of total revenues. Despite a 4.1% revenue decline, cost-cutting and high-margin automotive products improved gross margins by 260bps; a slight dividend increase is expected. HIMX is well-positioned for long-term growth in EV, AI, AR, and computer vision markets, with strong OEM relationships and innovative product lines. HIMX remains a compelling dividend stock with potential for capital appreciation, supported by strong free cash flow and a solid cash position. Read the full article on Seeking AlphaAnalysis Article • Feb 01
Himax Technologies, Inc.'s (NASDAQ:HIMX) 26% Share Price Surge Not Quite Adding Up
Himax Technologies, Inc. ( NASDAQ:HIMX ) shares have continued their recent momentum with a 26% gain in the last month...Seeking Alpha • Jan 27
Himax Technologies: The Recent Rally May Be Just The Beginning
Summary I maintain my "Buy" rating on Himax Technologies stock due to its imminent turnaround and undervalued forward valuation, despite the recent stock price rally. Recent strategic moves, including a $20 million share buyback and partnerships with Nvidia and TSMC, have significantly boosted investor confidence and stock price. Despite a 7.2% QoQ revenue decrease in Q3 FY2024, Himax exceeded internal guidance and anticipates future growth in the automotive IC and OLED sectors. Even with the pessimistic EPS consensus, HIMX's P/E ratio is expected to be only 14-15x by FY2026 end, but I doubt it'll be that low in the next 2-3 years. Risks include industry cyclicality and intense competition in the AI and automotive display sectors, but I think long-term prospects remain strong with potential for new ATHs. Read the full article on Seeking AlphaAnalysis Article • Jan 04
Should You Investigate Himax Technologies, Inc. (NASDAQ:HIMX) At US$7.58?
Himax Technologies, Inc. ( NASDAQ:HIMX ), might not be a large cap stock, but it received a lot of attention from a...Analysis Article • Dec 13
Subdued Growth No Barrier To Himax Technologies, Inc. (NASDAQ:HIMX) With Shares Advancing 77%
Himax Technologies, Inc. ( NASDAQ:HIMX ) shareholders have had their patience rewarded with a 77% share price jump in...Seeking Alpha • Dec 08
Himax Technologies: Current Headwinds Hide A Bright Future
Summary Himax Technologies, a leading Taiwanese semiconductor company, is currently struggling in the midst of an industry downturn, reporting decreasing revenues but also showing cost discipline. The company boasts a low valuation, a healthy balance sheet, and numerous growth opportunities, making it attractive for long-term investors. Recent business developments are promising and support an optimistic long-term perspective for Himax. The company's adaptability and innovative product track record position it well for future industry trends. The stock offers generous dividends, a new share buyback and its attractive valuation is a compelling pick in the semiconductor industry. Read the full article on Seeking AlphaSeeking Alpha • Oct 08
Himax Technologies: Navigating The Down Cycle
Summary I reiterate the 'Buy' rating on Himax Technologies with a fair value of $10 per share, driven by strong automotive display solutions. Himax's automotive business, including DDIC, TDDI, TCON, LTDI, and OLED, showed significant growth, accounting for over 47% of total sales. Despite a projected 12%-17% revenue decline in Q3 FY24 due to high-interest rates, long-term growth in the automotive IC market remains promising. Key risks include heavy reliance on the Chinese market, where intensified promotional activities have not yet translated into increased sales. Read the full article on Seeking Alpha
New Narrative • Sep 16
Expanding Horizons In AI, Automotive Displays, And OLED Technology
Himax's focus on developing innovative solutions for AI, high-speed computing, and advanced display technologies signifies a strategic push into high-growth areas.Analysis Article • Sep 06
Himax Technologies (NASDAQ:HIMX) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Aug 15
We Think That There Are Some Issues For Himax Technologies (NASDAQ:HIMX) Beyond Its Promising Earnings
Himax Technologies, Inc.'s ( NASDAQ:HIMX ) stock didn't jump after it announced some healthy earnings. We think that...Financial Position Analysis
Short Term Liabilities: HIMX's short term assets ($1.3B) exceed its short term liabilities ($799.5M).
Long Term Liabilities: HIMX's short term assets ($1.3B) exceed its long term liabilities ($33.4M).
Debt to Equity History and Analysis
Debt Level: HIMX's net debt to equity ratio (34.4%) is considered satisfactory.
Reducing Debt: HIMX's debt to equity ratio has increased from 33.5% to 66.2% over the past 5 years.
Debt Coverage: HIMX's debt is well covered by operating cash flow (23.5%).
Interest Coverage: HIMX earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 20:09 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 16 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.
| Analyst | Institution |
|---|---|
| Tristan Gerra | Baird |
| Daniel Heyler | BofA Global Research |
| Jaywant Srivatsa | Chardan Capital Markets, LLC |