Himax Technologies, Inc. (HIMX) Key Metrics
HIMX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.03B
- Enterprise value
- $2.79B
- P/E (TTM)
- 55.5 10-yr median 21.0
- Forward P/E
- 9.8
- PEG ratio
- 1.49
- Price / sales
- 2.5 10-yr median 1.4
- Price / book
- 2.8 10-yr median 1.6
- EV / EBITDA
- 38.9 10-yr median 15.8
- Dividend yield
- 2.15% $0.25 a year
- Beta
- 2.40
HIMX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHIMX valuation Price multiples at each fiscal year-end price.
HIMX returns How much profit the business earns on the capital it uses.
HIMX per-share figures Results divided by the shares outstanding at year-end.
HIMX financial health Debt, liquidity and how easily interest is covered.
HIMX efficiency & capital use Working capital cycle and where the cash goes.
HIMX valuation history
HIMX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HIMX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HIMX cash returned to shareholders
HIMX price vs earnings per share
HIMX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.43B | $1.41B | $1.06B | $1.09B | $2.80B | $1.28B | $459.0M | $591.8M | $1.80B | $1.04B |
| Enterprise value | $1.17B | $1.73B | $1.35B | $1.28B | $2.64B | $1.25B | $572.4M | $658.1M | $1.80B | $984.5M |
| P/E ratio | 32.5 | 17.6 | 21.0 | 4.6 | 6.4 | 27.2 | — | 69.1 | 64.9 | 20.4 |
| Price / sales | 1.7 | 1.6 | 1.1 | 0.9 | 1.8 | 1.4 | 0.7 | 0.8 | 2.6 | 1.3 |
| Price / book | 1.6 | 1.6 | 1.2 | 1.2 | 3.2 | 2.7 | 1.1 | 1.3 | 3.9 | 2.2 |
| Price / free cash flow | 11.9 | 13.7 | 8.2 | 15.3 | 7.4 | 13.2 | — | — | — | 13.6 |
| Price / operating cash flow | 10.2 | 12.1 | 6.9 | 13.1 | 7.2 | 12.5 | 60.0 | 147.6 | 61.1 | 12.3 |
| EV / sales | 1.4 | 1.9 | 1.4 | 1.1 | 1.7 | 1.4 | 0.9 | 0.9 | 2.6 | 1.2 |
| EV / EBITDA | 14.5 | 16.7 | 19.1 | 4.2 | 4.7 | 15.0 | 52.2 | 22.2 | 36.7 | 13.1 |
| EV / free cash flow | 9.8 | 16.8 | 10.5 | 18.0 | 6.9 | 12.9 | — | — | — | 12.8 |
| Earnings yield | 3.1% | 5.7% | 4.8% | 21.8% | 15.6% | 3.7% | −3.0% | 1.4% | 1.5% | 4.9% |
| Free cash flow yield | 8.4% | 7.3% | 12.2% | 6.5% | 13.6% | 7.5% | −8.4% | −7.9% | −0.6% | 7.4% |
| Dividend yield | 4.5% | 3.6% | 7.9% | 20.1% | 1.7% | 0.0% | 0.0% | 2.9% | 2.3% | 2.1% |
| Shareholder yield (dividends + buybacks) | 4.9% | 3.8% | 8.4% | 20.1% | 1.7% | 0.4% | 0.0% | 2.9% | 2.3% | 2.2% |
| Share price at fiscal year-end | $8.19 | $8.04 | $6.07 | $6.21 | $15.99 | $7.39 | $2.66 | $3.43 | $10.42 | $6.04 |
| Per share | ||||||||||
| Revenue per share | $4.77 | $5.18 | $5.41 | $6.87 | $8.85 | $5.12 | $3.89 | $4.19 | $3.97 | $4.66 |
| Earnings per share | $0.25 | $0.46 | $0.29 | $1.36 | $2.50 | $0.27 | −$0.08 | $0.05 | $0.16 | $0.30 |
| Operating cash flow per share | $0.80 | $0.66 | $0.87 | $0.47 | $2.22 | $0.59 | $0.04 | $0.02 | $0.17 | $0.49 |
| Free cash flow per share | $0.69 | $0.59 | $0.74 | $0.40 | $2.17 | $0.56 | −$0.22 | −$0.27 | −$0.06 | $0.45 |
| Cash per share | $4.89 | $1.28 | $1.18 | $1.32 | $2.08 | $1.16 | $0.65 | $0.68 | $0.86 | $1.13 |
| Book value per share | $5.12 | $5.09 | $4.90 | $5.11 | $4.97 | $2.77 | $2.51 | $2.59 | $2.65 | $2.71 |
| Tangible book value per share | $4.94 | $4.92 | $4.74 | $4.94 | $4.77 | $2.56 | $2.30 | $2.36 | $2.47 | $2.53 |
| Dividends per share | $0.37 | $0.29 | $0.48 | $1.25 | $0.27 | $0.00 | $0.00 | $0.10 | $0.24 | $0.13 |
| Capex per share | $0.12 | $0.08 | $0.13 | $0.07 | $0.05 | $0.03 | $0.27 | $0.29 | $0.23 | $0.05 |
| Debt per share | $3.42 | $3.12 | $2.85 | $2.40 | $1.19 | $0.95 | $1.31 | $1.07 | $0.85 | $0.80 |
| Shares outstanding | 174.6M | 175.0M | 174.8M | 174.8M | 174.9M | 173.4M | 172.6M | 172.5M | 172.5M | 172.4M |
| Change in shares outstanding | −0.2% | +0.1% | −0.0% | −0.0% | +0.9% | +0.5% | +0.0% | +0.0% | +0.1% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 4.9% | 9.1% | 5.8% | 26.9% | 64.7% | 10.3% | −3.1% | 1.9% | 6.0% | 11.2% |
| Return on invested capital (ROIC) | 3.9% | 5.8% | 3.9% | 24.4% | 75.0% | 9.3% | −2.7% | 0.6% | 1.6% | 11.0% |
| Return on assets (ROA) | 2.6% | 4.9% | 3.0% | 14.3% | 34.8% | 5.5% | −1.6% | 1.0% | 3.5% | 6.4% |
| Return on tangible assets | 2.6% | 5.0% | 3.1% | 14.2% | 27.9% | 5.4% | −1.7% | 1.1% | 3.6% | 6.6% |
| Free cash flow margin | 14.4% | 11.3% | 13.7% | 5.9% | 24.6% | 10.9% | −5.7% | −6.4% | −1.5% | 9.6% |
| Income quality (OCF / net income) | 3.19 | 1.45 | 3.02 | 0.35 | 0.89 | 2.18 | — | 0.47 | 1.06 | 1.66 |
| Financial health | ||||||||||
| Total debt | $596.8M | $545.4M | $498.1M | $420.0M | $208.5M | $165.6M | $225.6M | $184.0M | $147.0M | $138.0M |
| Cash & short-term investments | $854.5M | $224.6M | $206.4M | $229.9M | $364.4M | $201.4M | $112.1M | $117.7M | $148.9M | $194.6M |
| Net debt | −$257.8M | $320.8M | $291.8M | $190.1M | −$155.9M | −$35.9M | $113.5M | $66.3M | −$1.9M | −$56.6M |
| Debt / equity | 0.67 | 0.61 | 0.58 | 0.47 | 0.24 | 0.34 | 0.52 | 0.41 | 0.32 | 0.30 |
| Debt / assets | 0.34 | 0.33 | 0.30 | 0.25 | 0.13 | 0.18 | 0.28 | 0.22 | 0.18 | 0.17 |
| Net debt / EBITDA | −3.19 | 3.09 | 4.12 | 0.63 | −0.27 | −0.43 | 10.36 | 2.24 | −0.04 | −0.75 |
| Current ratio | 1.58 | 1.65 | 1.69 | 1.93 | 1.98 | 1.97 | 1.59 | 1.67 | 1.92 | 2.16 |
| Quick ratio | 1.39 | 1.43 | 1.39 | 1.39 | 1.65 | 1.66 | 1.21 | 1.26 | 1.53 | 1.70 |
| Interest coverage | 12.6 | 17.0 | 7.1 | 92.6 | 507.5 | 34.0 | -7.9 | 2.7 | 9.5 | 93.6 |
| Working capital | $465.8M | $461.4M | $491.8M | $642.8M | $591.6M | $342.2M | $223.8M | $263.3M | $317.7M | $378.2M |
| Invested capital | $635.6M | $1.21B | $1.15B | $1.08B | $713.8M | $444.3M | $546.4M | $512.9M | $454.7M | $411.1M |
| Tangible asset value | $871.4M | $867.6M | $834.7M | $864.6M | $837.2M | $449.2M | $394.4M | $403.4M | $422.1M | $436.8M |
| Net current asset value | $432.5M | $424.8M | $420.9M | $528.9M | $461.6M | $269.8M | $217.4M | $260.0M | $311.8M | $371.5M |
| Graham number | $5.38 | $7.22 | $5.65 | $12.48 | $16.72 | $4.12 | — | $1.70 | $3.09 | $4.25 |
| Graham net-net per share | $1.42 | −$1.49 | −$1.64 | −$1.12 | $0.23 | $0.09 | −$0.46 | −$0.30 | $0.05 | $0.47 |
| Capital allocation | ||||||||||
| Dividends paid | $64.9M | $50.9M | $83.9M | $217.9M | $47.4M | $4,000 | $4,000 | $17.2M | $41.3M | $22.3M |
| Share buybacks (net) | $4.5M | $3.0M | $4.8M | $0 | $1.2M | $4.6M | — | $0 | $0 | $376,000 |
| Dividend payout ratio | 147.8% | 63.8% | 165.7% | 91.9% | 10.9% | 0.0% | — | 200.8% | 149.1% | 43.9% |
| Dividends + buybacks / free cash flow | 57.9% | 52.5% | 68.6% | 307.8% | 12.8% | 4.8% | — | — | — | 29.6% |
| Capex / revenue | 2.4% | 1.5% | 2.5% | 1.0% | 0.5% | 0.7% | 6.9% | 7.0% | 5.8% | 1.0% |
| Capex / operating cash flow | 14.4% | 11.4% | 15.4% | 14.6% | 2.1% | 5.7% | 601.8% | 1,262.1% | 135.5% | 9.3% |
| Capex / depreciation | 0.89 | 0.59 | 1.16 | 0.57 | 0.38 | 0.25 | 1.89 | 2.49 | 2.39 | 0.57 |
| Stock-based compensation / revenue | 0.1% | 0.1% | 0.3% | 0.3% | 0.0% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% |
| R&D / revenue | 19.4% | 17.7% | 18.1% | 14.6% | 9.8% | 13.8% | 17.1% | 17.0% | 17.2% | 11.9% |
| SG&A / revenue | 5.9% | 5.3% | 5.2% | 4.5% | 3.4% | 4.6% | 6.1% | 5.8% | 6.0% | 4.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 96.1 | 95.6 | 96.5 | 102.4 | 77.4 | 84.6 | 97.3 | 96.1 | 101.2 | 83.7 |
| Days of inventory on hand | 98.4 | 108.8 | 157.4 | 145.5 | 70.2 | 69.1 | 104.7 | 98.0 | 100.4 | 96.3 |
| Days payables outstanding | 79.6 | 63.8 | 61.4 | 94.7 | 96.4 | 78.8 | 90.5 | 95.6 | 99.6 | 80.1 |
| Cash conversion cycle (days) | 115.0 | 140.6 | 192.5 | 153.2 | 51.2 | 74.9 | 111.5 | 98.5 | 101.9 | 99.8 |
| Receivables turnover | 3.80 | 3.82 | 3.78 | 3.57 | 4.71 | 4.32 | 3.75 | 3.80 | 3.61 | 4.36 |
| Payables turnover | 4.59 | 5.72 | 5.95 | 3.86 | 3.79 | 4.63 | 4.03 | 3.82 | 3.66 | 4.55 |
| Inventory turnover | 3.71 | 3.35 | 2.32 | 2.51 | 5.20 | 5.28 | 3.49 | 3.73 | 3.64 | 3.79 |
| Asset turnover | 0.49 | 0.55 | 0.57 | 0.73 | 1.23 | 1.03 | 0.81 | 0.88 | 0.86 | 1.00 |
| Average receivables | $219.2M | $237.5M | $249.9M | $336.9M | $328.2M | $205.6M | $179.2M | $190.5M | $189.9M | $184.1M |
| Average payables | $125.9M | $110.3M | $114.7M | $185.2M | $210.9M | $143.9M | $132.4M | $145.2M | $141.4M | $133.6M |
| Average inventory | $155.7M | $188.0M | $294.1M | $284.8M | $153.7M | $126.2M | $153.2M | $148.9M | $142.5M | $160.6M |
| Intangibles / total assets | 1.8% | 1.8% | 1.8% | 1.7% | 2.2% | 4.0% | 4.5% | 4.7% | 3.8% | 3.9% |
Computed from HIMX's annual financial statements (latest annual report filed March 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HIMX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Himax Technologies traded at 32.5 times earnings, against a 10-year median of 21.0. Based on the latest twelve months, the trailing P/E is 55.5 and the forward P/E is 9.8. Himax Technologies earned a return on equity of 4.9% and a return on invested capital of 3.9% in fiscal 2025. It ended the year with $596.8 million of debt and $854.5 million in cash and short-term investments, a net cash position of $257.8 million. It returned $69.4 million to shareholders: $64.9 million in dividends and $4.5 million in share buybacks, 58% of free cash flow.
See the HIMX income statement, the HIMX chart for price history, or the HIMX stock overview for the latest quote and news.
HIMX key metrics FAQ
What is Himax Technologies's P/E ratio?
Himax Technologies's trailing P/E ratio is 55.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.8. At the end of fiscal 2025 it was 32.5, compared with a 10-year median of 21.0.
What is Himax Technologies's EV/EBITDA?
Himax Technologies's enterprise value was 14.5 times EBITDA at the end of fiscal 2025 (enterprise value $1.2 billion, EBITDA $80.9 million); the current EV/EBITDA is 38.9.
What is Himax Technologies's return on equity?
Himax Technologies's return on equity (ROE) was 4.9% in fiscal 2025: net income of $43.9 million on average shareholders' equity of $891.7 million.
What is Himax Technologies's ROIC?
Himax Technologies's return on invested capital was 3.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Himax Technologies have?
Himax Technologies had total debt of $596.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.67 and more cash than debt.
What is Himax Technologies's dividend yield?
Himax Technologies's forward dividend yield is 2.15%. Himax Technologies paid $64.9 million in dividends in fiscal 2025 ($0.37 per share), a payout ratio of 147.8%.
Does Himax Technologies buy back its shares?
Yes. Himax Technologies spent $4.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.2% over the year, to 174.6M..
What is Himax Technologies's free cash flow yield?
Himax Technologies generated $119.9 million of free cash flow in fiscal 2025, a free cash flow yield of 8.4% on its market value at year-end ($1.4 billion).
What is Himax Technologies's current ratio?
Himax Technologies's current ratio was 1.58 at the end of fiscal 2025: current assets were 1.58 times current liabilities.