Himax Technologies, Inc. (HIMX) Financial Ratios
24 years of historical data (2002–2025) · Technology · Semiconductors
EV/EBITDA
↑
43.93
↑+215% vs avg
5yr avg: 13.96
30Y Low2.4·High95.8
P/FCF
↑
26.34
↑+133% vs avg
5yr avg: 11.30
30Y Low2.6·High112.5
P/B Ratio
↓
3.50
↑+99% vs avg
5yr avg: 1.76
30Y Low0.4·High5.6
ROE
↓
4.9%
↑-78% vs avg
5yr avg: 22.2%
30Y Low-3%·High64%
Debt/EBITDA
↑
8.95
↑+77% vs avg
5yr avg: 5.07
30Y Low0.0·High37.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HIMX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Himax Technologies, Inc. trades at 69.7x earnings, 357% above its 5-year average of 15.2x, sitting at the 95th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 140%. On a free-cash-flow basis, the stock trades at 26.3x P/FCF, 133% above the 5-year average of 11.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $1.4B | $1.4B | $1.1B | $1.1B | $2.8B | $1.3B | $459M | $592M | $1.8B | $1.0B |
| Enterprise Value | $2.9B | $1.2B | $1.7B | $1.4B | $1.3B | $2.7B | $1.3B | $583M | $669M | $1.8B | $995M |
| P/E Ratio → | 69.65 | 31.50 | 17.48 | 21.68 | 2.28 | 3.20 | 26.39 | — | 85.75 | 65.13 | 20.13 |
| P/S Ratio | 3.80 | 1.72 | 1.55 | 1.12 | 0.90 | 1.81 | 1.44 | 0.68 | 0.82 | 2.62 | 1.30 |
| P/B Ratio | 3.50 | 1.59 | 1.57 | 1.23 | 1.21 | 3.21 | 2.64 | 1.06 | 1.34 | 3.95 | 2.22 |
| P/FCF | 26.34 | 11.93 | 13.69 | 8.20 | 15.34 | 7.35 | 13.25 | — | — | — | 13.56 |
| P/OCF | 22.56 | 10.21 | 12.13 | 6.94 | 13.09 | 7.20 | 12.49 | 59.95 | 147.62 | 61.14 | 12.30 |
P/E links to full P/E history page with 30-year chart
HIMX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Himax Technologies, Inc.'s enterprise value stands at 43.9x EBITDA, 215% above its 5-year average of 14.0x. The Technology sector median is 16.7x, placing the stock at a 162% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.44 | 1.91 | 1.45 | 1.07 | 1.72 | 1.42 | 0.87 | 0.93 | 2.64 | 1.24 |
| EV / EBITDA | 43.93 | 18.01 | 19.15 | 23.31 | 4.60 | 4.71 | 15.47 | 95.78 | 28.22 | 72.12 | 13.62 |
| EV / EBIT | 66.39 | 27.21 | 25.42 | 31.64 | 4.60 | 4.89 | 21.27 | — | 71.57 | 56.14 | 16.19 |
| EV / FCF | — | 10.02 | 16.88 | 10.57 | 18.14 | 7.02 | 13.04 | — | — | — | 12.96 |
HIMX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Himax Technologies, Inc. earns an operating margin of 5.3%. ROE of 4.9% is modest. ROIC of 3.5% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6% | 30.6% | 30.5% | 27.9% | 40.5% | 48.4% | 24.9% | 20.5% | 23.3% | 24.4% | 24.2% |
| Operating Margin | 5.3% | 5.3% | 7.5% | 4.6% | 21.4% | 35.2% | 6.5% | -2.7% | 0.5% | 1.2% | 7.4% |
| Net Profit Margin | 5.3% | 5.3% | 8.8% | 5.4% | 19.7% | 28.2% | 5.3% | -2.0% | 1.2% | 4.0% | 6.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.9% | 4.9% | 9.1% | 5.8% | 26.8% | 64.4% | 10.3% | -3.1% | 1.9% | 6.0% | 11.2% |
| ROA | 2.6% | 2.6% | 4.9% | 3.0% | 14.3% | 34.8% | 5.5% | -1.6% | 1.0% | 3.5% | 6.4% |
| ROIC | 3.5% | 3.5% | 4.3% | 2.9% | 21.0% | 67.5% | 8.5% | -2.6% | 0.5% | 1.4% | 9.7% |
| ROCE | 4.7% | 4.7% | 7.3% | 4.4% | 25.6% | 69.9% | 11.6% | -4.1% | 0.7% | 1.8% | 12.8% |
HIMX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Himax Technologies, Inc. carries a Debt/EBITDA ratio of 9.0x, which is highly leveraged (204% above the sector average of 2.9x). The company holds a net cash position — cash of $826M exceeds total debt of $597M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 12.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.66 | 0.61 | 0.58 | 0.47 | 0.24 | 0.34 | 0.52 | 0.42 | 0.32 | 0.29 |
| Debt / EBITDA | 8.95 | 8.95 | 6.02 | 8.49 | 1.51 | 0.37 | 2.03 | 37.03 | 7.76 | 5.87 | 1.89 |
| Net Debt / Equity | — | -0.25 | 0.37 | 0.35 | 0.22 | -0.15 | -0.04 | 0.29 | 0.18 | 0.02 | -0.10 |
| Net Debt / EBITDA | -3.44 | -3.44 | 3.61 | 5.22 | 0.71 | -0.23 | -0.24 | 20.44 | 3.27 | 0.36 | -0.64 |
| Debt / FCF | — | -1.91 | 3.18 | 2.37 | 2.80 | -0.34 | -0.20 | — | — | — | -0.61 |
| Interest Coverage | 12.63 | 12.63 | 17.00 | 7.11 | 100.38 | 508.07 | 34.80 | -5.78 | 7.59 | 36.64 | 97.05 |
Net cash position: cash ($826M) exceeds total debt ($597M)
HIMX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.58x means Himax Technologies, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.69x to 1.58x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.58 | 1.58 | 1.65 | 1.69 | 1.93 | 1.98 | 1.97 | 1.59 | 1.67 | 1.92 | 2.16 |
| Quick Ratio | 1.39 | 1.39 | 1.43 | 1.39 | 1.39 | 1.65 | 1.66 | 1.21 | 1.26 | 1.53 | 1.70 |
| Cash Ratio | 1.07 | 1.07 | 0.32 | 0.29 | 0.33 | 0.61 | 0.57 | 0.29 | 0.30 | 0.43 | 0.60 |
| Asset Turnover | — | 0.48 | 0.55 | 0.58 | 0.71 | 0.97 | 0.98 | 0.82 | 0.86 | 0.85 | 1.00 |
| Inventory Turnover | 3.78 | 3.78 | 3.97 | 3.14 | 1.93 | 4.02 | 6.13 | 3.71 | 3.41 | 3.83 | 4.06 |
| Days Sales Outstanding | — | 88.11 | 95.62 | 91.63 | 79.73 | 97.08 | 100.75 | 90.31 | 96.91 | 100.56 | 86.83 |
HIMX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Himax Technologies, Inc. returns 2.2% to shareholders annually — split between a 2.1% dividend yield and 0.1% buyback yield. The payout ratio exceeds 100% at 147.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 1.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.1% | 4.5% | 3.6% | 7.9% | 20.1% | 1.7% | 0.0% | — | 2.9% | 2.3% | 2.1% |
| Payout Ratio | 147.8% | 147.8% | 63.8% | 165.7% | 91.9% | 10.9% | 0.0% | — | 200.8% | 149.1% | 43.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 3.2% | 5.7% | 4.6% | 43.8% | 31.3% | 3.8% | — | 1.2% | 1.5% | 5.0% |
| FCF Yield | 3.8% | 8.4% | 7.3% | 12.2% | 6.5% | 13.6% | 7.5% | — | — | — | 7.4% |
| Buyback Yield | 0.1% | 0.3% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.2% | 4.9% | 3.8% | 7.9% | 20.1% | 1.7% | 0.0% | 0.0% | 2.9% | 2.3% | 2.1% |
| Shares Outstanding | — | $175M | $175M | $175M | $175M | $175M | $173M | $173M | $173M | $172M | $172M |
Peer Comparison
Compare HIMX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HIMXYou | $3B | 69.7 | 43.9 | 26.3 | 30.6% | 5.3% | 4.9% | 3.5% | 9.0 |
 SIMO | $3B | 22.0 | 20.3 | 430.3 | 48.3% | 10.5% | 15.3% | 12.4% | — |
 DIOD | $5B | 83.5 | 29.1 | 40.0 | 31.2% | 2.4% | 3.5% | 1.6% | 0.5 |
 CRUS | $8B | 21.1 | 16.0 | — | 52.8% | 23.0% | 20.3% | 22.9% | 0.3 |
 MPWR | $77B | 122.6 | 97.1 | 115.3 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 NVDA | $5.1T | 43.0 | 38.3 | 52.8 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 QCOM | $238B | 45.1 | 17.7 | 18.6 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 MCHP | $54B | -9999.0 | 56.3 | 69.9 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
 SWKS | $11B | 23.5 | 11.4 | 9.9 | 41.2% | 12.2% | 7.9% | 6.3% | 1.2 |
 MTSI | $30B | -536.2 | 157.0 | 154.9 | 54.9% | 13.4% | -4.4% | 6.0% | 2.8 |
 AAPL | $4.4T | 39.9 | 30.8 | 44.3 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
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HIMX — Frequently Asked Questions
Quick answers to the most common questions about buying HIMX stock.
What is Himax Technologies, Inc.'s P/E ratio?
Himax Technologies, Inc.'s current P/E ratio is 69.7x. The historical average is 24.6x. This places it at the 95th percentile of its historical range.
What is Himax Technologies, Inc.'s EV/EBITDA?
Himax Technologies, Inc.'s current EV/EBITDA is 43.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.8x.
What is Himax Technologies, Inc.'s ROE?
Himax Technologies, Inc.'s return on equity (ROE) is 4.9%. The historical average is 15.3%.
Is HIMX stock overvalued?
Based on historical data, Himax Technologies, Inc. is trading at a P/E of 69.7x. This is at the 95th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Himax Technologies, Inc.'s dividend yield?
Himax Technologies, Inc.'s current dividend yield is 2.05% with a payout ratio of 147.8%.
What are Himax Technologies, Inc.'s profit margins?
Himax Technologies, Inc. has 30.6% gross margin and 5.3% operating margin.
How much debt does Himax Technologies, Inc. have?
Himax Technologies, Inc.'s Debt/EBITDA ratio is 9.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.