IMPINJ INC (PI) Stock Fundamental Analysis
USA - NASDAQ:PI - US4532041096 - Common Stock
202.16 USD
-3.92 (-1.9%)
202.16 USD
0 (0%)
Overall PI gets a fundamental rating of 4 out of 10. We evaluated PI against 112 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.
1. Profitability
1.1 Basic Checks
In the past year PI was profitable.
PI had a positive operating cash flow in the past year.
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
PI's Return On Assets of -3.11% is on the low side compared to the rest of the industry. PI is outperformed by 63.39% of its industry peers.
PI has a worse Return On Equity (-8.23%) than 65.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.11% | ||
| ROE | -8.23% | ||
| 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
Looking at the Gross Margin, with a value of 52.21%, PI is in the better half of the industry, outperforming 68.75% 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.
PI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 52.21% |
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%
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.
The number of shares outstanding for PI has been increased compared to 5 years ago.
PI has a better debt/assets ratio than last year.
2.2 Solvency
PI has an Altman-Z score of 11.09. This indicates that PI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 11.09, PI is in the better half of the industry, outperforming 74.11% of the companies in the same industry.
PI has a debt to FCF ratio of 6.88. This is a slightly negative value and a sign of low solvency as PI would need 6.88 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.88, PI is in line with its industry, outperforming 54.46% of the companies in the same industry.
A Debt/Equity ratio of 0.94 indicates that PI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.94, PI is doing worse than 84.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 6.88 | ||
| Altman-Z | 11.09 |
ROIC/WACCN/A
WACC11.57%
2.3 Liquidity
A Current Ratio of 2.67 indicates that PI has no problem at all paying its short term obligations.
PI's Current ratio of 2.67 is in line compared to the rest of the industry. PI outperforms 48.21% of its industry peers.
PI has a Quick Ratio of 1.97. This is a normal value and indicates that PI is financially healthy and should not expect problems in meeting its short term obligations.
PI has a Quick ratio (1.97) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.67 | ||
| Quick Ratio | 1.97 |
3. Growth
3.1 Past
PI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.49%, which is quite impressive.
Measured over the past years, PI shows a very strong growth in Earnings Per Share. The EPS has been growing by 126.36% on average per year.
Looking at the last year, PI shows a very negative growth in Revenue. The Revenue has decreased by -14.74% in the last year.
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)22.49%
EPS 3Y105.41%
EPS 5Y126.36%
EPS Q2Q%3.57%
Revenue 1Y (TTM)-14.74%
Revenue growth 3Y24.37%
Revenue growth 5Y19.09%
Sales Q2Q%0.91%
3.2 Future
The Earnings Per Share is expected to grow by 28.17% on average over the next years. This is a very strong growth
Based on estimates for the next years, PI will show a quite strong growth in Revenue. The Revenue will grow by 18.35% on average per year.
EPS Next Y-3.1%
EPS Next 2Y14.86%
EPS Next 3Y21.01%
EPS Next 5Y28.17%
Revenue Next Year-3.24%
Revenue Next 2Y9.1%
Revenue Next 3Y11.75%
Revenue Next 5Y18.35%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 97.66, the valuation of PI can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as PI.
PI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.11.
The Price/Forward Earnings ratio is 73.67, which means the current valuation is very expensive for PI.
The rest of the industry has a similar Price/Forward Earnings ratio as PI.
The average S&P500 Price/Forward Earnings ratio is at 22.55. PI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 97.66 | ||
| Fwd PE | 73.67 |
4.2 Price Multiples
PI's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as PI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 144.29 | ||
| EV/EBITDA | 453.45 |
4.3 Compensation for Growth
A more expensive valuation may be justified as PI's earnings are expected to grow with 21.01% in the coming years.
PEG (NY)N/A
PEG (5Y)0.77
EPS Next 2Y14.86%
EPS Next 3Y21.01%
5. Dividend
5.1 Amount
PI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
202.16
-3.92 (-1.9%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners109.97%
Inst Owner Change-0.56%
Ins Owners3.29%
Ins Owner Change0.18%
Market Cap5.88B
Revenue(TTM)359.80M
Net Income(TTM)-16050000
Analysts84
Price Target203.75 (0.79%)
Short Float %11.2%
Short Ratio5.93
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)2
Avg EPS beat(2)11.75%
Min EPS beat(2)10.06%
Max EPS beat(2)13.44%
EPS beat(4)3
Avg EPS beat(4)42.07%
Min EPS beat(4)-2.35%
Max EPS beat(4)147.13%
EPS beat(8)7
Avg EPS beat(8)70.29%
EPS beat(12)9
Avg EPS beat(12)54.73%
EPS beat(16)13
Avg EPS beat(16)182.14%
Revenue beat(2)2
Avg Revenue beat(2)1%
Min Revenue beat(2)0.68%
Max Revenue beat(2)1.31%
Revenue beat(4)3
Avg Revenue beat(4)-0.47%
Min Revenue beat(4)-4.41%
Max Revenue beat(4)1.31%
Revenue beat(8)6
Avg Revenue beat(8)0.18%
Revenue beat(12)6
Avg Revenue beat(12)-0.34%
Revenue beat(16)9
Avg Revenue beat(16)0.2%
PT rev (1m)13.77%
PT rev (3m)58.89%
EPS NQ rev (1m)3.89%
EPS NQ rev (3m)11.71%
EPS NY rev (1m)1.17%
EPS NY rev (3m)15.27%
Revenue NQ rev (1m)0.63%
Revenue NQ rev (3m)4.07%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)4.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 97.66 | ||
| Fwd PE | 73.67 | ||
| P/S | 16.34 | ||
| P/FCF | 144.29 | ||
| P/OCF | 104.58 | ||
| P/B | 30.16 | ||
| P/tB | 35.81 | ||
| EV/EBITDA | 453.45 |
EPS(TTM)2.07
EY1.02%
EPS(NY)2.74
Fwd EY1.36%
FCF(TTM)1.4
FCFY0.69%
OCF(TTM)1.93
OCFY0.96%
SpS12.37
BVpS6.7
TBVpS5.65
PEG (NY)N/A
PEG (5Y)0.77
Graham Number17.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.11% | ||
| ROE | -8.23% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 52.21% | ||
| FCFM | 11.33% |
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
ROICexgc growth 3YN/A
ROICexgc 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-Score4
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 6.88 | ||
| Debt/EBITDA | 14.29 | ||
| Cap/Depr | 106.62% | ||
| Cap/Sales | 4.3% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 437.17% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.67 | ||
| Quick Ratio | 1.97 | ||
| Altman-Z | 11.09 |
F-Score4
WACC11.57%
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)22.49%
EPS 3Y105.41%
EPS 5Y126.36%
EPS Q2Q%3.57%
EPS Next Y-3.1%
EPS Next 2Y14.86%
EPS Next 3Y21.01%
EPS Next 5Y28.17%
Revenue 1Y (TTM)-14.74%
Revenue growth 3Y24.37%
Revenue growth 5Y19.09%
Sales Q2Q%0.91%
Revenue Next Year-3.24%
Revenue Next 2Y9.1%
Revenue Next 3Y11.75%
Revenue Next 5Y18.35%
EBIT growth 1Y94.49%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-0.69%
EBIT Next 3Y21.91%
EBIT Next 5Y33.72%
FCF growth 1Y151.4%
FCF growth 3YN/A
FCF growth 5Y117.59%
OCF growth 1Y198.69%
OCF growth 3Y170.68%
OCF growth 5Y93.66%
IMPINJ INC / PI FAQ
What is the fundamental rating for PI stock?
ChartMill assigns a fundamental rating of 4 / 10 to PI.
What is the valuation status of IMPINJ INC (PI) stock?
ChartMill assigns a valuation rating of 2 / 10 to IMPINJ INC (PI). This can be considered as Overvalued.
Can you provide the profitability details for IMPINJ INC?
IMPINJ INC (PI) has a profitability rating of 2 / 10.
How financially healthy is IMPINJ INC?
The financial health rating of IMPINJ INC (PI) is 4 / 10.