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HIMX (Himax Technologies) Cyclically Adjusted Price-to-FCF : 13.68 (As of May. 25, 2025)


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What is Himax Technologies Cyclically Adjusted Price-to-FCF?

As of today (2025-05-25), Himax Technologies's current share price is $8.21. Himax Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $0.60. Himax Technologies's Cyclically Adjusted Price-to-FCF for today is 13.68.

The historical rank and industry rank for Himax Technologies's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HIMX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.78   Med: 21.64   Max: 93.29
Current: 13.74

During the past years, Himax Technologies's highest Cyclically Adjusted Price-to-FCF was 93.29. The lowest was 8.78. And the median was 21.64.

HIMX's Cyclically Adjusted Price-to-FCF is ranked better than
80.65% of 336 companies
in the Semiconductors industry
Industry Median: 31.23 vs HIMX: 13.74

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Himax Technologies's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $0.580. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.60 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Himax Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Himax Technologies's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Himax Technologies Cyclically Adjusted Price-to-FCF Chart

Himax Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.34 40.91 14.67 12.44 15.23

Himax Technologies Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.67 14.31 10.23 15.23 12.30

Competitive Comparison of Himax Technologies's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Himax Technologies's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Himax Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Himax Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Himax Technologies's Cyclically Adjusted Price-to-FCF falls into.


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Himax Technologies Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Himax Technologies's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.21/0.60
=13.68

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Himax Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Himax Technologies's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.58/134.9266*134.9266
=0.580

Current CPI (Mar. 2025) = 134.9266.

Himax Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.092 100.684 -0.123
201509 0.067 100.392 0.090
201512 0.129 99.792 0.174
201603 0.112 100.470 0.150
201606 0.066 101.688 0.088
201609 0.006 101.861 0.008
201612 0.261 101.863 0.346
201703 0.020 102.862 0.026
201706 -0.076 103.349 -0.099
201709 0.039 104.136 0.051
201712 -0.043 104.011 -0.056
201803 -0.095 105.290 -0.122
201806 -0.120 106.317 -0.152
201809 -0.035 106.507 -0.044
201812 -0.020 105.998 -0.025
201903 -0.164 107.251 -0.206
201906 -0.136 108.070 -0.170
201909 -0.042 108.329 -0.052
201912 0.120 108.420 0.149
202003 0.043 108.902 0.053
202006 -0.057 108.767 -0.071
202009 0.186 109.815 0.229
202012 0.384 109.897 0.471
202103 0.334 111.754 0.403
202106 0.479 114.631 0.564
202109 0.333 115.734 0.388
202112 1.031 117.630 1.183
202203 0.391 121.301 0.435
202206 0.038 125.017 0.041
202209 -0.040 125.227 -0.043
202212 0.017 125.222 0.018
202303 0.363 127.348 0.385
202306 -0.007 128.729 -0.007
202309 0.076 129.860 0.079
202312 0.307 129.419 0.320
202403 0.616 131.776 0.631
202406 0.128 132.554 0.130
202409 -0.033 133.029 -0.033
202412 0.184 133.157 0.186
202503 0.580 134.927 0.580

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Himax Technologies  (NAS:HIMX) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Himax Technologies Cyclically Adjusted Price-to-FCF Related Terms

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Himax Technologies Business Description

Traded in Other Exchanges
Address
No. 26, Zilian Road, Xinshi District, Tainan, TWN, 744092
Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue is derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.