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Himax Technologies, Inc (0J5H) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Himax Technologies, Inc $7.05, price $15.26, upside -53.8%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · GB · ISIN US43289P1066

HT Broad data Sep 29, 2026

Himax Technologies, Inc

0J5H · LSE

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value $7.05 · Strongly overvalued (−53.8%)
✓Quality 64/100
!Weak Growth (revenue 5y −1.3 %/yr)
!Thin margins · 3.9% net margin (TTM)
✓Low debt · generates free cash flow
!Narrow moat 33/100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$23.99 $4.12 Fair Value $7.05 May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.

How to read this chart

60‑month range $4.12 – $23.99 · fair‑value band $5.28 – $8.81 · the $15.26 price screens above the $7.05 fair value. Dashed = 300-day average. As of Sep 29, 2026.

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Company profile

Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, Korea, Japan, the United States, Mexico, and internationally. It operates in two segments, Driver IC and Non-Driver Products.

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Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, Korea, Japan, the United States, Mexico, and internationally. It operates in two segments, Driver IC and Non-Driver Products. The company provides display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products. It also offers automotive IC solutions, including traditional driver ICs; advanced in-cell touch and display driver integration; local dimming timing controllers; large touch and display driver integration; and OLED technologies. In addition, the company provides Power IC, touch controllers IC, OLED ICs, LED drivers, EPD ICs, power management ICs, and complementary metal oxide semiconductor image sensors for display application coverage; and ultralow power WiseEye smart image sensing products, as well as wafer level optics, LCoS microdisplays, and 3D sensing solutions. It markets its display drivers to panel manufacturers, mobile device module manufacturers, and manufacturers of end-use products. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.

Stock analysis

Himax Technologies, Inc (0J5H) currently trades at $15.26, while our model-based Fair Value estimate is $7.05, 53.8% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of $12.09 per share, and 0 of the 22 models we run sit above the $15.26 price.

Bear case: the Earnings-Based group reads lowest at $2.01, and 22 of the 22 models stay below the price. Evidence for this calculation is high.

Scenario range: $5.28 (bear) to $8.81 (bull), the price of $15.26 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 64/100 (solid quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Himax Technologies, Inc reported revenue of $833M in FY2025 versus $1.5B in FY2021, a compound −14.3%/yr. Reported net income was $44.0M in FY2025, compounding −43.7%/yr from FY2021.

Key figures

Market cap $229B · P/E ratio 0.5 · P/S ratio 0.02 · EPS (TTM) $0.2800 · Net margin 5.3% · Return on equity 3.7% · Return on assets (EBIT) 11.7% · Operating margin 5.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 36% below its 52-week high and 121% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −54%, 0J5H screens richer than that median.

Fair Value models

Bear $5.28 Fair Value $7.05 Bull $8.81
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.2117 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF $12.09 $14.10 $20.14 82
Growth DCF $12.09 $15.11 $20.14 80
Owner Earnings $7.05 $8.06 $11.08 78
All 22 models by family
DCF Models
FCF DCF $12.09 $14.10 $20.14 82
Owner Earnings $7.05 $8.06 $11.08 78
5Y Revenue Exit $8.06 $10.07 $11.08 74
5Y EBITDA Exit $10.07 $12.09 $15.11 77
5Y P/E Exit $10.07 $12.09 $15.11 72
10Y Revenue Exit $9.06 $11.08 $12.09 68
10Y EBITDA Exit $10.07 $12.09 $14.10 70
10Y P/E Exit $10.07 $12.09 $14.10 65
Earnings-Based
Graham-Dodd $2.01 $2.01 $3.02 67
EPV $6.04 $7.05 $7.05 74
Multiples
P/E Multiple $5.04 $7.05 $9.06 63
P/S Multiple $3.02 $4.03 $5.04 58
P/B Multiple $3.02 $4.03 $5.04 55
EV/EBIT $9.06 $10.07 $12.09 66
EV/EBITDA $10.07 $11.08 $13.09 67
EV/Revenue $7.05 $8.06 $9.06 54
Asset-Based
NCAV (Graham) $2.01 $3.02 $5.04 52
Growth DCF
Growth DCF $12.09 $15.11 $20.14 80
Rev-Margin DCF $8.06 $10.07 $11.08 74
Economic Profit
Residual Income $4.03 $4.03 $4.03 76
ROIC Compounder $6.04 $7.05 $7.05 72
Growth Earnings
Growth-Adj P/E $4.03 $5.04 $7.05 67

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Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 60

Profitability 29
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 83
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.3%
Start year 2020 (pandemic). Over 10 years: +1.9% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.4%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−28.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−28.9% vs −1.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 5%
Start year 2020 (pandemic)

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +11.5% a year for the price.

0J5H screens overvalued: fair value 54% below the price. Compare with NVIDIA Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors · 329 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 63 · Above median
Profitability
Return on equity (TTM) 3.7% · Below median
Return on assets 1.3% · Below median
Net margin (TTM) 3.9% · Below median
Operating margin (TTM) 5.1% · Below median
Growth and dividend
Revenue growth −7.5% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.03× · Below median

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/E (TTM) 0.5× · Cheapest 25%
P/FCF 1,907.2× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Micron Technology, Inc MU $1,054 $151.51 −86%
Advanced Micro Devices, Inc AMD $611.76 $122.60 −80%
SK hynix Inc 000660 1,833,000 KRW 2,016,300 KRW +10%
Intel Corporation INTC $115.93 $33.67 −71%
Arm Holdings ARM $310.32 $44.44 −86%
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Cite: Fair Value Calculator (2026). "Himax Technologies, Inc Fair Value". https://www.fairvalue-calculator.com/stock/0J5H

Frequently asked questions

Is Himax Technologies, Inc (0J5H) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of $7.05 versus a price of $15.26, about −54% upside (overvalued).
What is the fair value of 0J5H?
Our model-based fair value for Himax Technologies, Inc is $7.05 (as of Sep 29, 2026), built from audited fundamentals. The current price: $15.26.
What is the quality score of 0J5H?
Himax Technologies, Inc has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Himax Technologies, Inc (0J5H)?
Our model-based price target is the fair value of $7.05 (as of Sep 29, 2026) from 22 valuation models. Cautious scenario $5.28, optimistic scenario $8.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Himax Technologies, Inc stock forecast for 2026?
Our models put fair value at $7.05, about −54% upside versus a price of $15.26 (overvalued). Cautious scenario $5.28, optimistic scenario $8.81. The calculation is refreshed regularly with new filings.
What is the revenue of Himax Technologies, Inc (0J5H)?
Himax Technologies, Inc reported trailing-twelve-month revenue of about $816M (latest available figure, as of Sep 29, 2026).
What growth is priced into Himax Technologies, Inc (0J5H)?
For today's price to be fair in a discounted-cash-flow model, Himax Technologies, Inc would have to grow free cash flow by +14.2 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.3 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of 0J5H use?
Our models discount Himax Technologies, Inc at 11.6 %: a base by market capitalisation (mega), damped by beta 2.31, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Himax Technologies, Inc that is +14.2 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Himax Technologies, Inc (0J5H) delivered so far?
Over the past 5 years revenue at Himax Technologies, Inc grew -1.3 % a year. The price currently implies +14.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
What is the free cash flow yield of Himax Technologies, Inc (0J5H)?
The free-cash-flow yield on the price is 4.50 %: that much free cash flow Himax Technologies, Inc produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Himax Technologies, Inc (0J5H)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Himax Technologies, Inc it is $7.05 per share (as of Sep 29, 2026), against a price of $15.26. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Himax Technologies, Inc stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 0J5H trades above its calculated fair value: price $15.26, fair value $7.05, a gap of about −54% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0J5H?
No. The price is what the market pays today ($15.26); the fair value is what the company's own numbers justify ($7.05). For Himax Technologies, Inc the two are $8.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Himax Technologies, Inc worth?
The market values Himax Technologies, Inc at about $229B (market capitalisation, as of Sep 29, 2026). Per share that is $15.26; our models calculate a fair value of $7.05 per share.
What do the bullish and bearish scenarios say about 0J5H?
Our models span a range for Himax Technologies, Inc: cautious scenario $5.28, base $7.05, optimistic $8.81 per share (as of Sep 29, 2026, price $15.26). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0J5H?
Himax Technologies, Inc trades at a price-to-earnings ratio of 0.5 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $7.05 is built from several models across several years.
How solid is the balance sheet of Himax Technologies, Inc (0J5H)?
Balance-sheet figures for Himax Technologies, Inc (as of Sep 29, 2026): return on equity 3.7%, debt of 0.03 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 0J5H from its 52-week high?
Himax Technologies, Inc trades at $15.26, about 36% below its 52-week high of $23.99 and 121% above the low of $6.91 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $7.05 is for.
Which stocks are comparable to Himax Technologies, Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Himax Technologies, Inc stock attractive at the current price?
The data as of Sep 29, 2026: price $15.26, calculated fair value $7.05 (−54%), Quality Score 64/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0J5H calculated?
We run Himax Technologies, Inc through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $7.05, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Himax Technologies, Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Himax Technologies, Inc (0J5H)?
The closing price on Oct 2, 2026 was $15.26. Our model-based fair value is $7.05, about −54% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Himax Technologies, Inc right now?
The price sits above even our optimistic bull case ($8.81). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Himax Technologies, Inc (0J5H) come from?
Earnings per share at Himax Technologies, Inc grew +2.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.4 %, EBIT margin −2.0 %, tax rate +2.9 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Himax Technologies, Inc

How large is the market capitalisation of Himax Technologies, Inc (0J5H)?
The market capitalisation of Himax Technologies, Inc is $229B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Himax Technologies, Inc (0J5H)?
The price-to-sales ratio of Himax Technologies, Inc is 0.02 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Himax Technologies, Inc (0J5H)?
Earnings per share at Himax Technologies, Inc are $0.2800 (price ÷ EPS = P/E 0.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Himax Technologies, Inc (0J5H)?
The net margin of Himax Technologies, Inc is 5.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Himax Technologies, Inc (0J5H)?
The return on equity (ROE) of Himax Technologies, Inc is 3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Himax Technologies, Inc (0J5H)?
On an EBIT basis the return on assets of Himax Technologies, Inc is 11.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Himax Technologies, Inc (0J5H)?
The operating margin of Himax Technologies, Inc is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Himax Technologies, Inc (0J5H)?
Revenue at Himax Technologies, Inc is growing −7.5% versus a year earlier (3y avg −11.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Himax Technologies, Inc (0J5H)?
Earnings per share at Himax Technologies, Inc are growing −59.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Himax Technologies, Inc (0J5H) hold?
Himax Technologies, Inc holds more cash than debt, $229M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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