Himax Technologi Financials

HIMX

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2017 Currency USD FYE December

This page shows Himax Technologi (HIMX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 29/100

Based on FY2017 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Himax Technologi has an operating margin of 1.2%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 6/100, suggesting thin profitability after operating expenses. This is down from 7.4% the prior year.

Growth

Himax Technologi's revenue declined 14.7% year-over-year, from $802.9M to $685.2M. This contraction results in a growth score of 0/100.

Leverage

Himax Technologi carries a low D/E ratio of 0.75, meaning only $0.75 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Himax Technologi's current ratio of 1.96 indicates adequate short-term liquidity, earning a score of 58/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Himax Technologi generated $29.4M in operating cash flow, capex of $39.8M consumed most of it, leaving -$10.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Himax Technologi generates a 6.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 10.9% the prior year.

Piotroski F-Score Neutral

4/9

Himax Technologi passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.05x

For every $1 of reported earnings, Himax Technologi generates $1.05 in operating cash flow ($29.4M OCF vs $28.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

14.4x

Himax Technologi earns $14.4 in operating income for every $1 of interest expense ($8.2M vs $565K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Revenue

$685.2M

YoY-14.7%

5Y CAGR-1.5%

Himax Technologi generated $685.2M in revenue in fiscal year 2017. This represents a decrease of 14.7% from the prior year.

EBITDA

$24.8M

YoY-66.0%

5Y CAGR-20.9%

Himax Technologi's EBITDA was $24.8M in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 66.0% from the prior year.

Free Cash Flow

-$10.4M

YoY-113.6%

Himax Technologi generated -$10.4M in free cash flow in fiscal year 2017, representing cash available after capex. This represents a decrease of 113.6% from the prior year.

Net Income

$28.0M

YoY-45.1%

5Y CAGR-11.5%

Himax Technologi reported $28.0M in net income in fiscal year 2017. This represents a decrease of 45.1% from the prior year.

EPS (Diluted)

$0.08

YoY-46.7%

5Y CAGR-11.8%

Himax Technologi earned $0.08 per diluted share (EPS) in fiscal year 2017. This represents a decrease of 46.7% from the prior year.

Cash & Debt

$138.0M

YoY-25.2%

5Y CAGR-0.1%

Himax Technologi held $138.0M in cash against $0 in long-term debt as of fiscal year 2017.

Dividends Per Share

$0.12

YoY+84.6%

5Y CAGR+30.3%

Himax Technologi paid $0.12 per share in dividends in fiscal year 2017. This represents an increase of 84.6% from the prior year.

Shares Outstanding

344M

YoY+0.1%

5Y CAGR+0.3%

Himax Technologi had 344M shares outstanding in fiscal year 2017. This represents an increase of 0.1% from the prior year.

Gross Margin

24.4%

YoY+0.2pp

5Y CAGR+1.2pp

Himax Technologi's gross margin was 24.4% in fiscal year 2017, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin

1.2%

YoY-6.2pp

5Y CAGR-7.9pp

Himax Technologi's operating margin was 1.2% in fiscal year 2017, reflecting core business profitability. This is down 6.2 percentage points from the prior year.

Net Margin

4.1%

YoY-2.3pp

5Y CAGR-2.9pp

Himax Technologi's net profit margin was 4.1% in fiscal year 2017, showing the share of revenue converted to profit. This is down 2.3 percentage points from the prior year.

Return on Equity

6.1%

YoY-4.8pp

5Y CAGR-5.9pp

Himax Technologi's ROE was 6.1% in fiscal year 2017, measuring profit generated per dollar of shareholder equity. This is down 4.8 percentage points from the prior year.

R&D Spending

$117.8M

YoY+22.9%

5Y CAGR+10.7%

Himax Technologi invested $117.8M in research and development in fiscal year 2017. This represents an increase of 22.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$39.8M

YoY+403.9%

5Y CAGR+43.4%

Himax Technologi invested $39.8M in capex in fiscal year 2017, funding long-term assets and infrastructure. This represents an increase of 403.9% from the prior year.

HIMX Income Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	$685.2M-14.7%	$802.9M+16.1%	$691.8M-17.7%	$840.5M+9.1%	$770.7M+4.5%	$737.3M
Cost of Revenue	$518.1M-14.9%	$608.6M+15.1%	$528.7M-16.7%	$634.7M+9.6%	$578.9M+2.2%	$566.7M
Gross Profit	$167.0M-14.0%	$194.3M+19.1%	$163.1M-20.8%	$205.9M+7.3%	$191.9M+12.5%	$170.6M
R&D Expenses	$117.8M+22.9%	$95.8M+1.5%	$94.4M+2.8%	$91.8M+14.3%	$80.4M+13.3%	$70.9M
SG&A Expenses	$20.6M+2.5%	$20.1M+8.9%	$18.5M-8.5%	$20.2M+11.3%	$18.1M+5.9%	$17.1M
Operating Income	$8.2M-86.2%	$59.2M+93.1%	$30.7M-57.8%	$72.7M-2.2%	$74.3M+10.9%	$67.1M
Interest Expense	$565K-10.7%	$633K+23.2%	$514K-0.8%	$518K+29.2%	$401K+13.9%	$352K
Income Tax	$4.5M-57.6%	$10.7M-6.4%	$11.4M-47.2%	$21.6M+10.9%	$19.5M+23.7%	$15.7M
Net Income	$28.0M-45.1%	$50.9M+102.1%	$25.2M-62.2%	$66.6M+8.3%	$61.5M+19.1%	$51.6M
EPS (Diluted)	$0.08-46.7%	$0.15+114.3%	$0.07-63.2%	$0.19+5.6%	$0.18+20.0%	$0.15

Metric	Q4'17	Q4'16	Q4'15	Q4'14	Q4'13	Q4'12	Q4'11	Q4'10
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HIMX Balance Sheet

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$802.1M+0.3%	$799.6M-0.3%	$802.3M-3.7%	$833.0M+9.7%	$759.3M+12.6%	$674.6M
Current Assets	$661.4M-5.9%	$703.0M+0.7%	$697.8M-4.4%	$729.6M+14.1%	$639.7M+12.8%	$567.1M
Cash & Equivalents	$138.0M-25.2%	$184.5M+42.1%	$129.8M-30.0%	$185.5M+45.7%	$127.3M-8.2%	$138.7M
Inventory	$135.2M-9.7%	$149.7M-12.6%	$171.4M+3.2%	$166.1M-6.4%	$177.4M+52.1%	$116.7M
Accounts Receivable	$187.6M-1.8%	$191.0M+7.8%	$177.2M-19.2%	$219.4M+9.3%	$200.7M+47.9%	$135.7M
Goodwill	$28.1M0.0%	$28.1M0.0%	$28.1M0.0%	$28.1M0.0%	$28.1M0.0%	$28.1M
Total Liabilities	$343.5M+4.8%	$327.8M-8.3%	$357.3M-1.0%	$361.0M+17.6%	$307.1M+24.6%	$246.4M
Current Liabilities	$337.2M+3.8%	$324.7M-7.9%	$352.7M-0.8%	$355.4M+17.0%	$303.8M+25.5%	$242.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$456.6M-2.4%	$467.7M+6.6%	$438.7M-7.2%	$472.6M+5.1%	$449.8M+5.1%	$427.9M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'17	Q4'16	Q4'15	Q4'14	Q4'13	Q4'12	Q4'11	Q4'10
Total Assets	$802.1M+0.3%	$799.6M-0.3%	$802.3M-3.7%	$833.0M+9.7%	$759.3M+12.6%	$674.6M+4.6%	$645.0M+4.1%	$619.6M
Current Assets	$661.4M-5.9%	$703.0M+0.7%	$697.8M-4.4%	$729.6M+14.1%	$639.7M+12.8%	$567.1M+10.0%	$515.7M+6.1%	$485.9M
Cash & Equivalents	$138.0M-25.2%	$184.5M+42.1%	$129.8M-30.0%	$185.5M+45.7%	$127.3M-8.2%	$138.7M+30.7%	$106.2M+9.6%	$96.8M
Inventory	$135.2M-9.7%	$149.7M-12.6%	$171.4M+3.2%	$166.1M-6.4%	$177.4M+52.1%	$116.7M+3.3%	$113.0M-4.2%	$118.0M
Accounts Receivable	$187.6M-1.8%	$191.0M+7.8%	$177.2M-19.2%	$219.4M+9.3%	$200.7M+47.9%	$135.7M+34.0%	$101.3M+26.3%	$80.2M
Goodwill	$28.1M0.0%	$28.1M0.0%	$28.1M0.0%	$28.1M0.0%	$28.1M0.0%	$28.1M+4.8%	$26.8M0.0%	$26.8M
Total Liabilities	$343.5M+4.8%	$327.8M-8.3%	$357.3M-1.0%	$361.0M+17.6%	$307.1M+24.6%	$246.4M-1.4%	$249.9M+17.5%	$212.6M
Current Liabilities	$337.2M+3.8%	$324.7M-7.9%	$352.7M-0.8%	$355.4M+17.0%	$303.8M+25.5%	$242.1M-1.3%	$245.4M+19.3%	$205.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$456.6M-2.4%	$467.7M+6.6%	$438.7M-7.2%	$472.6M+5.1%	$449.8M+5.1%	$427.9M+8.8%	$393.4M-3.1%	$405.9M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HIMX Cash Flow Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	$29.4M-65.3%	$84.7M+275.8%	$22.5M-76.0%	$93.7M+83.3%	$51.1M-2.0%	$52.2M
Capital Expenditures	$39.8M+403.9%	$7.9M-20.8%	$10.0M-8.7%	$10.9M-40.6%	$18.4M+180.7%	$6.6M
Free Cash Flow	-$10.4M-113.6%	$76.8M+511.9%	$12.5M-84.8%	$82.8M+153.1%	$32.7M-28.3%	$45.6M
Investing Cash Flow	-$35.1M-392.3%	-$7.1M+74.9%	-$28.3M	N/A	-$30.5M-4292.1%	-$695K
Financing Cash Flow	-$41.2M-81.4%	-$22.7M+54.2%	-$49.6M	N/A	-$32.1M-69.6%	-$18.9M
Dividends Paid	$41.3M+84.7%	$22.3M-56.5%	$51.4M+11.6%	$46.0M+8.6%	$42.4M+296.9%	$10.7M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'17	Q4'16	Q4'15	Q4'14	Q4'13	Q4'12	Q4'11	Q4'10
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HIMX Financial Ratios

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Gross Margin	24.4%+0.2pp	24.2%+0.6pp	23.6%-0.9pp	24.5%-0.4pp	24.9%+1.8pp	23.1%
Operating Margin	1.2%-6.2pp	7.4%+3.0pp	4.4%-4.2pp	8.6%-1.0pp	9.7%+0.6pp	9.1%
Net Margin	4.1%-2.3pp	6.3%+2.7pp	3.6%-4.3pp	7.9%-0.1pp	8.0%+1.0pp	7.0%
Return on Equity	6.1%-4.8pp	10.9%+5.1pp	5.7%-8.3pp	14.1%+0.4pp	13.7%+1.6pp	12.1%
Return on Assets	3.5%-2.9pp	6.4%+3.2pp	3.1%-4.9pp	8.0%-0.1pp	8.1%+0.5pp	7.6%
Current Ratio	1.96-0.2	2.16+0.2	1.98-0.1	2.05-0.1	2.11-0.2	2.34
Debt-to-Equity	0.75+0.1	0.70-0.1	0.81+0.1	0.76+0.1	0.68+0.1	0.58
FCF Margin	-1.5%-11.1pp	9.6%+7.8pp	1.8%-8.0pp	9.8%+5.6pp	4.2%-1.9pp	6.2%

Metric	Q4'17	Q4'16	Q4'15	Q4'14	Q4'13	Q4'12	Q4'11	Q4'10
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.96-0.2	2.16+0.2	1.98-0.1	2.05-0.1	2.11-0.2	2.34+0.2	2.10-0.3	2.36
Debt-to-Equity	0.75+0.1	0.70-0.1	0.81+0.1	0.76+0.1	0.68+0.1	0.58-0.1	0.64+0.1	0.52
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Nlight LASR

$2.9B

Navitas Semiconductor Corp NVTS

$1.9B

Maxlinear MXL

$1.7B

Alpha And Omega AOSL

$674.1M

Chipmos Technolo IMOS

$1.2B

Frequently Asked Questions

What is Himax Technologi's annual revenue?

Himax Technologi (HIMX) reported $685.2M in total revenue for fiscal year 2017. This represents a -14.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Himax Technologi's revenue growing?

Himax Technologi (HIMX) revenue declined by 14.7% year-over-year, from $802.9M to $685.2M in fiscal year 2017.

Is Himax Technologi profitable?

Yes, Himax Technologi (HIMX) reported a net income of $28.0M in fiscal year 2017, with a net profit margin of 4.1%.

What is Himax Technologi's earnings per share (EPS)?

Himax Technologi (HIMX) reported diluted earnings per share of $0.08 for fiscal year 2017. This represents a -46.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Himax Technologi's EBITDA?

Himax Technologi (HIMX) had EBITDA of $24.8M in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization.

What is Himax Technologi's gross margin?

Himax Technologi (HIMX) had a gross margin of 24.4% in fiscal year 2017, indicating the percentage of revenue retained after direct costs of goods sold.

What is Himax Technologi's operating margin?

Himax Technologi (HIMX) had an operating margin of 1.2% in fiscal year 2017, reflecting the profitability of core business operations before interest and taxes.

What is Himax Technologi's net profit margin?

Himax Technologi (HIMX) had a net profit margin of 4.1% in fiscal year 2017, representing the share of revenue converted into profit after all expenses.

Does Himax Technologi pay dividends?

Yes, Himax Technologi (HIMX) paid $0.12 per share in dividends during fiscal year 2017.

What is Himax Technologi's return on equity (ROE)?

Himax Technologi (HIMX) has a return on equity of 6.1% for fiscal year 2017, measuring how efficiently the company generates profit from shareholder equity.

What is Himax Technologi's free cash flow?

Himax Technologi (HIMX) generated -$10.4M in free cash flow during fiscal year 2017. This represents a -113.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Himax Technologi's operating cash flow?

Himax Technologi (HIMX) generated $29.4M in operating cash flow during fiscal year 2017, representing cash generated from core business activities.

What are Himax Technologi's total assets?

Himax Technologi (HIMX) had $802.1M in total assets as of fiscal year 2017, including both current and long-term assets.

What are Himax Technologi's capital expenditures?

Himax Technologi (HIMX) invested $39.8M in capital expenditures during fiscal year 2017, funding long-term assets and infrastructure.

How much does Himax Technologi spend on research and development?

Himax Technologi (HIMX) invested $117.8M in research and development during fiscal year 2017.

How many shares does Himax Technologi have outstanding?

Himax Technologi (HIMX) had 344M shares outstanding as of fiscal year 2017.

What is Himax Technologi's current ratio?

Himax Technologi (HIMX) had a current ratio of 1.96 as of fiscal year 2017, which is generally considered healthy.

What is Himax Technologi's debt-to-equity ratio?

Himax Technologi (HIMX) had a debt-to-equity ratio of 0.75 as of fiscal year 2017, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Himax Technologi's return on assets (ROA)?

Himax Technologi (HIMX) had a return on assets of 3.5% for fiscal year 2017, measuring how efficiently the company uses its assets to generate profit.

What is Himax Technologi's Piotroski F-Score?

Himax Technologi (HIMX) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Himax Technologi's earnings high quality?

Himax Technologi (HIMX) has an earnings quality ratio of 1.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Himax Technologi cover its interest payments?

Himax Technologi (HIMX) has an interest coverage ratio of 14.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Himax Technologi?

Himax Technologi (HIMX) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.