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. PI has an average financial health and profitability rating. PI is not priced too expensively while it is growing strongly. Keep and eye on this one!
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.
PI had negative earnings in each of the past 5 years.
In multiple years PI reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of PI (14.23%) is better than 85.98% of its industry peers.
With an excellent Return On Equity value of 49.80%, PI belongs to the best of the industry, outperforming 97.20% of the companies in the same industry.
| 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
PI has a better Profit Margin (16.06%) than 71.96% of its industry peers.
PI has a Gross Margin of 50.72%. This is in the better half of the industry: PI outperforms 66.36% 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.
The number of shares outstanding for PI has been increased compared to 1 year ago.
PI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 7.09 indicates that PI is not in any danger for bankruptcy at the moment.
The Altman-Z score of PI (7.09) is better than 65.42% of its industry peers.
PI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 2.79 | ||
| Altman-Z | 7.09 |
ROIC/WACCN/A
WACC14.22%
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.
The Current ratio of PI (0.99) is worse than 91.59% of its industry peers.
A Quick Ratio of 0.73 indicates that PI may have some problems paying its short term obligations.
PI has a worse Quick ratio (0.73) than 90.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
PI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 61.88%, which is quite impressive.
PI shows a strong growth in Revenue. In the last year, the Revenue has grown by 34.61%.
PI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.19% yearly.
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
PI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 58.43% yearly.
The Revenue is expected to grow by 24.41% on average over the next years. This is a very strong growth
EPS Next Y194.79%
EPS Next 2Y97.67%
EPS Next 3Y74.06%
EPS Next 5Y58.43%
Revenue Next Year20.35%
Revenue Next 2Y20.13%
Revenue Next 3Y20.8%
Revenue Next 5Y24.41%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
PI is valuated quite expensively with a Price/Earnings ratio of 90.08.
Compared to the rest of the industry, the Price/Earnings ratio of PI is on the same level as its industry peers.
PI is valuated expensively when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 53.82, the valuation of PI can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PI is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.67. PI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 90.08 | ||
| Fwd PE | 53.82 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, PI is valued a bit cheaper than the industry average as 71.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.43 | ||
| 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.
PI's earnings are expected to grow with 74.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)N/A
EPS Next 2Y97.67%
EPS Next 3Y74.06%
5. Dividend
5.1 Amount
No dividends for PI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
IMPINJ INC
NASDAQ:PI (1/6/2025, 5:49:01 PM)
After market: 152.24 0 (0%)152.24
+0.87 (+0.57%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners102%
Inst Owner Change-0.01%
Ins Owners3.79%
Ins Owner Change1.66%
Market Cap4.31B
Analysts82.11
Price Target240.81 (58.18%)
Short Float %13.95%
Short Ratio6.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.54%
Min EPS beat(2)9.04%
Max EPS beat(2)14.03%
EPS beat(4)4
Avg EPS beat(4)98.5%
Min EPS beat(4)9.04%
Max EPS beat(4)284.08%
EPS beat(8)6
Avg EPS beat(8)61.06%
EPS beat(12)10
Avg EPS beat(12)228.83%
EPS beat(16)14
Avg EPS beat(16)206.1%
Revenue beat(2)1
Avg Revenue beat(2)0.77%
Min Revenue beat(2)-0.49%
Max Revenue beat(2)2.04%
Revenue beat(4)3
Avg Revenue beat(4)0.83%
Min Revenue beat(4)-0.49%
Max Revenue beat(4)2.04%
Revenue beat(8)3
Avg Revenue beat(8)-0.28%
Revenue beat(12)6
Avg Revenue beat(12)0.42%
Revenue beat(16)9
Avg Revenue beat(16)1.11%
PT rev (1m)0%
PT rev (3m)24.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)39.11%
EPS NY rev (1m)0%
EPS NY rev (3m)8.63%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 90.08 | ||
| Fwd PE | 53.82 | ||
| P/S | 10.21 | ||
| P/FCF | 42.43 | ||
| P/OCF | 36.77 | ||
| P/B | 31.65 | ||
| P/tB | 41.13 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.69
EY1.11%
EPS(NY)2.83
Fwd EY1.86%
FCF(TTM)3.59
FCFY2.36%
OCF(TTM)4.14
OCFY2.72%
SpS14.92
BVpS4.81
TBVpS3.7
PEG (NY)0.46
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.23% | ||
| ROE | 49.8% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 16.06% | ||
| GM | 50.72% | ||
| FCFM | 24.06% |
ROA(3y)-11.76%
ROA(5y)-14.19%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.78%
GM growth 5Y0.77%
F-Score7
Asset Turnover0.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 2.79 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 111.06% | ||
| Cap/Sales | 3.7% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 149.78% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 7.09 |
F-Score7
WACC14.22%
ROIC/WACCN/A
Cap/Depr(3y)230.38%
Cap/Depr(5y)161.98%
Cap/Sales(3y)6.45%
Cap/Sales(5y)4.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)61.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13900%
EPS Next Y194.79%
EPS Next 2Y97.67%
EPS Next 3Y74.06%
EPS Next 5Y58.43%
Revenue 1Y (TTM)34.61%
Revenue growth 3Y30.34%
Revenue growth 5Y20.19%
Sales Q2Q%46.45%
Revenue Next Year20.35%
Revenue Next 2Y20.13%
Revenue Next 3Y20.8%
Revenue Next 5Y24.41%
EBIT growth 1Y-19.26%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year792.42%
EBIT Next 3Y148.75%
EBIT Next 5Y91.38%
FCF growth 1Y2067.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3980.66%
OCF growth 3YN/A
OCF growth 5YN/A