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Taiwanese fabless chipmaker that designs display driver ICs for TVs, monitors, smartphones and automotive displays.
Taiwanese fabless chipmaker that designs display driver ICs for TVs, monitors, smartphones and automotive displays.
Designs chips and relies on outside foundries, selling to panel and module makers whose volumes it follows. Large-panel TV drivers, long its core, are cyclical, while automotive displays are steadier because designs last for years. Founder Jordan Wu leads it, and it is US-listed though Taiwan-based.
In one line: A smaller, Taiwan display-driver peer of Synaptics.
Moat: narrow (customer qualification, scale, process know-how). Long-standing design-in relationships with panel makers in a highly competitive, commoditized driver-IC market.
Headquarters: Tainan, Taiwan · Founded: 2001 · Employees: 2,238
Size Himax Technologies (HIMX) is a United States Information Technology company (Semiconductors) with a market value of $1.45B, the 2023rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $8.49 on 6 Nov 2026.
Performance Over six months the shares fell 51.4%, against -16.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue fell 7.6% over the last twelve months (peer median +13.3%); the operating margin is 5.0% (peer median 10.1%).
Valuation It trades at 19.1× forward earnings against a peer median of 24.5× (7th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +32 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.9 points below its cost of capital (13.9% WACC).
Backlog Backlog (remaining performance obligations) was $1.06B at 31 Dec 2025, down 16% on a year earlier — 1.3 years of trailing revenue. Backlog detail →
Short interest Short interest is 2.0% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $826M | $833M | $905M | $947M | $1.20B |
| Revenue growth | — | -8% | -4% | -21% | — |
| Gross profit | $257M | $238M | $261M | $248M | $471M |
| EBITDA | $64.8M | $66.7M | $90.4M | $63.7M | $279M |
| Net income | $35.2M | $44.0M | $79.6M | $50.7M | $237M |
| Free cash flow | $26.7M | $120M | $103M | $130M | $71.1M |
| Capital expenditure | $18.1M | $20.5M | $13.2M | $23.5M | $12.1M |
| Total debt | $594M | $601M | $545M | $505M | $428M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Himax Technologies HIMX | $1.45B | -51% | -8% | 5% | 19.1× | 30.3% |
| Novatek Microelectronics 3034.TW | $9.16B | +18% | +2% | 20% | 14.1× | -4.2% |
| Synaptics SYNA | $4.63B | -7% | +11% | -3% | 21.6× | 34.6% |
| LX Semicon 108320.KS | $274M | -63% | -13% | 3% | 60.9× | -11.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HIMX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.0% | -19.2% | 8th lowest of 20 |
| 6-month return | -51.4% | -16.6% | 2nd lowest of 20 |
| Distance from 52-week high | -65.6% | -52.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | -7.6% | +13.3% | 4th lowest of 21 |
| Operating margin | 5.0% | 10.1% | 7th lowest of 21 |
| Forward P/E | 19.1× | 24.5× | 7th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 30.3% | 12.0% | 5th most demanding of 11 |
| Growth delivered (Del g) | -1.3% | +10.9% | lowest of 11 |
| Hurdle (Req g minus delivered) | +31.6 pp | +4.3 pp | most demanding of 11 |
| ROIC minus cost of capital | -8.9 pp | -0.3 pp | 4th lowest of 21 |
| EV / EBITDA | 18.3× | 18.7× | 7th cheapest of 13 |
| Net debt / EBITDA | -4.2× | -1.0× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Himax Technologies HIMX | United States | $1.45B | -51% | -8% | 5% | 19.1× | 30.3% | -1.3% |
| Sensirion SENS.SW | Switzerland | $1.46B | +3% | +1% | 12% | 35.3× | 10.4% | +6.2% |
| Kaga Electronics 8154.T | Japan | $1.42B | +6% | +24% | 4% | 7.8× | n/a | n/a |
| C Sun Mfg 2467.TW | Taiwan | $1.48B | -47% | +72% | 22% | 13.2× | 12.7% | +8.4% |
| ChipMOS Technologies 8150.TW | Taiwan | $1.49B | -17% | +19% | 8% | 12.2× | n/a | n/a |
| Beijing ESWIN Computing Technology 1256.HK | Hong Kong | $1.50B | n/a | +20% | -57% | n/a | n/a | n/a |
| Luxnet 4979.TWO | Taiwan | $1.36B | -56% | +14% | 19% | 29.3× | 34.7% | +30.3% |
| Elite Advanced Laser 3450.TW | Taiwan | $1.36B | -15% | -2% | 16% | n/a | n/a | n/a |
| Silex Microsystems SILEX.ST | Sweden | $1.55B | -32% | +13% | 26% | n/a | 38.0% | +13.0% |
| Shenzhen Qingyi Photomask 688138.SS | China | $1.35B | -7% | +6% | 16% | 30.3× | n/a | n/a |
| Cosmo Electronics 2466.TW | Taiwan | $1.57B | +449% | -19% | -20% | n/a | n/a | n/a |
| Jiangsu HHCK Advanced Materials 688535.SS | China | $1.58B | -19% | +154% | 7% | 134.5× | n/a | n/a |
| Shenzhen SOFARSOLAR 301658.SZ | China | $1.32B | -41% | +18% | -1% | n/a | 43.2% | +37.3% |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | n/a | n/a | n/a |
| Taiwan Surface Mounting Technology 6278.TW | Taiwan | $1.60B | -2% | +5% | 7% | 16.1× | 6.5% | +3.8% |
| NSING Technologies 300077.SZ | China | $1.61B | -32% | +47% | 1% | n/a | n/a | n/a |
| LAPLACE Renewable Energy Technology 688726.SS | China | $1.30B | -36% | -22% | 8% | 24.5× | 1.4% | +62.8% |
| Thinkon Semiconductor Jinzhou 688233.SS | China | $1.62B | -11% | +12% | 18% | 59.7× | 44.7% | +18.0% |
| Innostar Service 7828.TWO | Taiwan | $1.29B | -18% | +117% | 43% | 53.4× | n/a | n/a |
| TSE 131290.KS | South Korea | $1.29B | -4% | +37% | 22% | 12.0× | 11.2% | +8.5% |
| Tekscend Photomask 429A.T | Japan | $1.64B | -36% | +10% | 22% | 9.9× | 6.4% | +8.7% |
Himax Technologies reported $1.06B of remaining performance obligations at 31 Dec 2025, down 16% from a year earlier. That is 1.3 years of trailing revenue already under contract.