IMPINJ INC(NASDAQ:PI) stock Fundamental Analysis

Fundamental Rating

Overall PI gets a fundamental rating of 4 out of 10. We evaluated PI against 109 industry peers in the Semiconductors & Semiconductor Equipment industry. PI scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. PI shows excellent growth, but is valued quite expensive already.

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1. Profitability

1.1 Basic Checks

PI had positive earnings in the past year.

In the past year PI had a positive cash flow from operations.

PI had negative earnings in 4 of the past 5 years.

The reported operating cash flow has been mixed in the past 5 years: PI reported negative operating cash flow in multiple years.

1.2 Ratios

With a decent Return On Assets value of 6.75%, PI is doing good in the industry, outperforming 72.48% of the companies in the same industry.

PI has a better Return On Equity (20.17%) than 86.24% of its industry peers.

		Industry Rank	Sector Rank
ROA	6.75%
ROE	20.17%
ROIC	N/A

ROA(3y)-3.55%

ROA(5y)-10.38%

ROE(3y)-85.19%

ROE(5y)N/A

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

With a decent Profit Margin value of 7.35%, PI is doing good in the industry, outperforming 61.47% of the companies in the same industry.

With a decent Gross Margin value of 51.22%, PI is doing good in the industry, outperforming 64.22% of the companies in the same industry.

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)	7.35%
GM	51.22%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-0.28%

GM growth 5Y1.27%

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ROA

ROE

ROIC

Operating and Profit Margin

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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.

Compared to 5 years ago, PI has more shares outstanding

The debt/assets ratio for PI has been reduced compared to a year ago.

2.2 Solvency

An Altman-Z score of 5.53 indicates that PI is not in any danger for bankruptcy at the moment.

PI's Altman-Z score of 5.53 is fine compared to the rest of the industry. PI outperforms 66.97% of its industry peers.

PI has a debt to FCF ratio of 6.42. This is a slightly negative value and a sign of low solvency as PI would need 6.42 years to pay back of all of its debts.

With a Debt to FCF ratio value of 6.42, PI perfoms like the industry average, outperforming 56.88% of the companies in the same industry.

PI has a Debt/Equity ratio of 1.77. This is a high value indicating a heavy dependency on external financing.

PI has a worse Debt to Equity ratio (1.77) than 91.74% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.77
Debt/FCF	6.42
Altman-Z	5.53

ROIC/WACCN/A

WACC9.06%

2.3 Liquidity

A Current Ratio of 10.96 indicates that PI has no problem at all paying its short term obligations.

PI has a Current ratio of 10.96. This is amongst the best in the industry. PI outperforms 96.33% of its industry peers.

A Quick Ratio of 7.46 indicates that PI has no problem at all paying its short term obligations.

The Quick ratio of PI (7.46) is better than 94.50% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	10.96
Quick Ratio	7.46

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 228.08% over the past year.

PI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 126.36% yearly.

PI shows a strong growth in Revenue. In the last year, the Revenue has grown by 47.54%.

Measured over the past years, PI shows a quite strong growth in Revenue. The Revenue has been growing by 19.09% on average per year.

EPS 1Y (TTM)228.08%

EPS 3Y105.41%

EPS 5Y126.36%

EPS Q2Q%0%

Revenue 1Y (TTM)47.54%

Revenue growth 3Y24.37%

Revenue growth 5Y19.09%

Sales Q2Q%-3.31%

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 22.68% on average per year.

PI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.32% yearly.

EPS Next Y-29.25%

EPS Next 2Y10.48%

EPS Next 3Y20.26%

EPS Next 5Y22.68%

Revenue Next Year-5.67%

Revenue Next 2Y9.36%

Revenue Next 3Y14.17%

Revenue Next 5Y16.32%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 47.50 indicates a quite expensive valuation of PI.

The rest of the industry has a similar Price/Earnings ratio as PI.

PI is valuated expensively when we compare the Price/Earnings ratio to 28.22, which is the current average of the S&P500 Index.

A Price/Forward Earnings ratio of 38.91 indicates a quite expensive valuation of PI.

PI's Price/Forward Earnings ratio is in line with the industry average.

Compared to an average S&P500 Price/Forward Earnings ratio of 20.86, PI is valued quite expensively.

		Industry Rank	Sector Rank
PE	47.5
Fwd PE	38.91

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of PI is on the same level as its industry peers.

		Industry Rank	Sector Rank
P/FCF	64.7
EV/EBITDA	N/A

4.3 Compensation for Growth

PI's earnings are expected to grow with 20.26% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)0.38

EPS Next 2Y10.48%

EPS Next 3Y20.26%

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5. Dividend

5.1 Amount

No dividends for PI!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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IMPINJ INC

NASDAQ:PI (5/2/2025, 8:17:19 PM)

After market: 98.8 0 (0%)

98.8

+3.87 (+4.08%)

Chartmill FA Rating

GICS SectorInformation Technology

GICS IndustryGroupSemiconductors & Semiconductor Equipment

GICS IndustrySemiconductors & Semiconductor Equipment

Earnings (Last)04-23 2025-04-23/amc

Earnings (Next)07-22 2025-07-22/amc

Inst Owners111.19%

Inst Owner Change0.05%

Ins Owners3.65%

Ins Owner Change3.91%

Market Cap2.86B

Analysts83.75

Price Target141.78 (43.5%)

Short Float %11.9%

Short Ratio4.59

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Yearly DividendN/A

Dividend Growth(5Y)N/A

DPN/A

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)1

Avg EPS beat(2)72.39%

Min EPS beat(2)-2.35%

Max EPS beat(2)147.13%

EPS beat(4)3

Avg EPS beat(4)41.96%

Min EPS beat(4)-2.35%

Max EPS beat(4)147.13%

EPS beat(8)7

Avg EPS beat(8)80.89%

EPS beat(12)9

Avg EPS beat(12)125.41%

EPS beat(16)13

Avg EPS beat(16)206.37%

Revenue beat(2)1

Avg Revenue beat(2)-1.93%

Min Revenue beat(2)-4.41%

Max Revenue beat(2)0.55%

Revenue beat(4)2

Avg Revenue beat(4)-0.58%

Min Revenue beat(4)-4.41%

Max Revenue beat(4)2.04%

Revenue beat(8)4

Avg Revenue beat(8)-0.61%

Revenue beat(12)6

Avg Revenue beat(12)0.14%

Revenue beat(16)8

Avg Revenue beat(16)0.51%

PT rev (1m)-3.1%

PT rev (3m)-41.12%

EPS NQ rev (1m)0%

EPS NQ rev (3m)-79.99%

EPS NY rev (1m)0%

EPS NY rev (3m)-47.98%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)-22.63%

Revenue NY rev (1m)-0.3%

Revenue NY rev (3m)-21.44%

Valuation

		Industry Rank	Sector Rank
PE	47.5
Fwd PE	38.91
P/S	6.5
P/FCF	64.7
P/OCF	50.21
P/B	17.83
P/tB	21.87
EV/EBITDA	N/A

EPS(TTM)2.08

EY2.11%

EPS(NY)2.54

Fwd EY2.57%

FCF(TTM)1.53

FCFY1.55%

OCF(TTM)1.97

OCFY1.99%

SpS15.2

BVpS5.54

TBVpS4.52

PEG (NY)N/A

PEG (5Y)0.38

Profitability

		Industry Rank	Sector Rank
ROA	6.75%
ROE	20.17%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	7.35%
GM	51.22%
FCFM	10.05%

ROA(3y)-3.55%

ROA(5y)-10.38%

ROE(3y)-85.19%

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 3Y-0.28%

GM growth 5Y1.27%

F-Score8

Asset Turnover0.92

Health

		Industry Rank	Sector Rank
Debt/Equity	1.77
Debt/FCF	6.42
Debt/EBITDA	N/A
Cap/Depr	96.77%
Cap/Sales	2.9%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	136.64%
Current Ratio	10.96
Quick Ratio	7.46
Altman-Z	5.53

F-Score8

WACC9.06%

ROIC/WACCN/A

Cap/Depr(3y)154.75%

Cap/Depr(5y)177.06%

Cap/Sales(3y)5.16%

Cap/Sales(5y)5.25%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)228.08%

EPS 3Y105.41%

EPS 5Y126.36%

EPS Q2Q%0%

EPS Next Y-29.25%

EPS Next 2Y10.48%

EPS Next 3Y20.26%

EPS Next 5Y22.68%

Revenue 1Y (TTM)47.54%

Revenue growth 3Y24.37%

Revenue growth 5Y19.09%

Sales Q2Q%-3.31%

Revenue Next Year-5.67%

Revenue Next 2Y9.36%

Revenue Next 3Y14.17%

Revenue Next 5Y16.32%

EBIT growth 1Y69.72%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year-20.16%

EBIT Next 3Y35.9%

EBIT Next 5Y33.72%

FCF growth 1Y259.82%

FCF growth 3YN/A

FCF growth 5Y117.59%

OCF growth 1Y614.68%

OCF growth 3Y170.68%

OCF growth 5Y93.66%

IMPINJ INC (PI) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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