IMPINJ INC (PI)
US4532041096 - Common Stock
We assign a fundamental rating of 5 out of 10 to PI. PI was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of PI get a neutral evaluation. Nothing too spectacular is happening here. PI is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year PI was profitable.
In the past year PI had a positive cash flow from operations.
In the past 5 years PI always reported negative net income.
In multiple years PI reported negative operating cash flow during the last 5 years.
1.2 Ratios
PI has a Return On Assets of 14.23%. This is amongst the best in the industry. PI outperforms 85.19% of its industry peers.
PI has a better Return On Equity (49.80%) than 97.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.23% | ||
| ROE | 49.8% | ||
| ROIC | N/A |
ROA(3y)-11.76%
ROA(5y)-14.19%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 16.06%, PI is in the better half of the industry, outperforming 70.37% of the companies in the same industry.
PI has a better Gross Margin (50.72%) than 66.67% of its industry peers.
In the last couple of years the Gross Margin of PI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 16.06% | ||
| GM | 50.72% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.78%
GM growth 5Y0.77%
2. Health
2.1 Basic Checks
PI does not have a ROIC to compare to the WACC, probably because it is not profitable.
PI has more shares outstanding than it did 1 year ago.
PI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PI has an improved debt to assets ratio.
2.2 Solvency
PI has an Altman-Z score of 9.06. This indicates that PI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of PI (9.06) is better than 75.93% of its industry peers.
There is no outstanding debt for PI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 2.79 | ||
| Altman-Z | 9.06 |
ROIC/WACCN/A
WACC14.59%
2.3 Liquidity
PI has a Current Ratio of 0.99. This is a bad value and indicates that PI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.99, PI is not doing good in the industry: 90.74% of the companies in the same industry are doing better.
PI has a Quick Ratio of 0.99. This is a bad value and indicates that PI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.73, PI is not doing good in the industry: 89.81% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 61.88% over the past year.
The Revenue has grown by 34.61% in the past year. This is a very strong growth!
The Revenue has been growing by 20.19% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)61.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13900%
Revenue 1Y (TTM)34.61%
Revenue growth 3Y30.34%
Revenue growth 5Y20.19%
Sales Q2Q%46.45%
3.2 Future
Based on estimates for the next years, PI will show a very strong growth in Earnings Per Share. The EPS will grow by 60.89% on average per year.
Based on estimates for the next years, PI will show a very strong growth in Revenue. The Revenue will grow by 20.93% on average per year.
EPS Next Y194.79%
EPS Next 2Y97.67%
EPS Next 3Y74.06%
EPS Next 5Y60.89%
Revenue Next Year20.35%
Revenue Next 2Y20.13%
Revenue Next 3Y20.8%
Revenue Next 5Y20.93%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 113.04 indicates a quite expensive valuation of PI.
The rest of the industry has a similar Price/Earnings ratio as PI.
The average S&P500 Price/Earnings ratio is at 29.29. PI is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 67.53, PI can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PI indicates a slightly more expensive valuation: PI is more expensive than 60.19% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.01. PI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 113.04 | ||
| Fwd PE | 67.53 |
4.2 Price Multiples
66.67% of the companies in the same industry are more expensive than PI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.24 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PI's earnings are expected to grow with 74.06% in the coming years.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y97.67%
EPS Next 3Y74.06%
5. Dividend
5.1 Amount
PI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
IMPINJ INC
NASDAQ:PI (11/22/2024, 8:00:00 PM)
After market: 193.477 +2.44 (+1.28%)191.04
+2.74 (+1.46%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.40B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 113.04 | ||
| Fwd PE | 67.53 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.58
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.23% | ||
| ROE | 49.8% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 16.06% | ||
| GM | 50.72% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)61.88%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y194.79%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)34.61%
Revenue growth 3Y30.34%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y