IMPINJ INC (PI) Fundamental Analysis & Valuation

NASDAQ:PI • US4532041096

Current stock price

110.44 USD
+1.98 (+1.83%)
At close:
111.008 USD
+0.57 (+0.51%)
After Hours:

This PI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. PI Profitability Analysis

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 reported 4 times negative net income.
  • PI had a positive operating cash flow in 4 of the past 5 years.
PI Yearly Net Income VS EBIT VS OCF VS FCFPI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M

1.2 Ratios

  • PI has a Return On Assets of -1.99%. This is comparable to the rest of the industry: PI outperforms 43.48% of its industry peers.
  • PI has a Return On Equity of -5.18%. This is in the lower half of the industry: PI underperforms 60.00% of its industry peers.
Industry RankSector Rank
ROA -1.99%
ROE -5.18%
ROIC N/A
ROA(3y)-1.9%
ROA(5y)-5.78%
ROE(3y)-35%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
PI Yearly ROA, ROE, ROICPI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200 400

1.3 Margins

  • PI has a Gross Margin of 52.53%. This is in the better half of the industry: PI outperforms 67.83% of its industry peers.
  • PI's Gross Margin has improved in the last couple of years.
  • The Profit Margin and Operating Margin are not available for PI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 52.53%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.6%
GM growth 5Y2.31%
PI Yearly Profit, Operating, Gross MarginsPI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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5

2. PI Health Analysis

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.
  • The debt/assets ratio for PI has been reduced compared to a year ago.
PI Yearly Shares OutstandingPI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
PI Yearly Total Debt VS Total AssetsPI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

2.2 Solvency

  • PI has an Altman-Z score of 6.06. This indicates that PI is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of PI (6.06) is comparable to the rest of the industry.
  • PI has a debt to FCF ratio of 6.12. This is a slightly negative value and a sign of low solvency as PI would need 6.12 years to pay back of all of its debts.
  • PI has a Debt to FCF ratio (6.12) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.88 indicates that PI is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.88, PI is doing worse than 85.22% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 6.12
Altman-Z 6.06
ROIC/WACCN/A
WACC11.32%
PI Yearly LT Debt VS Equity VS FCFPI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

2.3 Liquidity

  • A Current Ratio of 2.68 indicates that PI has no problem at all paying its short term obligations.
  • PI's Current ratio of 2.68 is in line compared to the rest of the industry. PI outperforms 43.48% of its industry peers.
  • PI has a Quick Ratio of 2.01. This indicates that PI is financially healthy and has no problem in meeting its short term obligations.
  • With a Quick ratio value of 2.01, PI perfoms like the industry average, outperforming 42.61% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.68
Quick Ratio 2.01
PI Yearly Current Assets VS Current LiabilitesPI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. PI Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 0.48% over the past year.
  • The Earnings Per Share has been growing by 30.06% on average over the past years. This is a very strong growth
  • Looking at the last year, PI shows a very negative growth in Revenue. The Revenue has decreased by -18.48% in the last year.
  • PI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.05% yearly.
EPS 1Y (TTM)0.48%
EPS 3Y30.06%
EPS 5YN/A
EPS Q2Q%4.17%
Revenue 1Y (TTM)-18.48%
Revenue growth 3Y11.88%
Revenue growth 5Y21.05%
Sales Q2Q%1.4%

3.2 Future

  • The Earnings Per Share is expected to grow by 36.20% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, PI will show a very strong growth in Revenue. The Revenue will grow by 26.37% on average per year.
EPS Next Y-6.51%
EPS Next 2Y23.62%
EPS Next 3Y36.2%
EPS Next 5YN/A
Revenue Next Year1.44%
Revenue Next 2Y12.62%
Revenue Next 3Y23.76%
Revenue Next 5Y26.37%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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.
PI Yearly Revenue VS EstimatesPI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M
PI Yearly EPS VS EstimatesPI Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4

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3

4. PI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 52.84, which means the current valuation is very expensive for PI.
  • PI's Price/Earnings ratio is a bit cheaper when compared to the industry. PI is cheaper than 68.70% of the companies in the same industry.
  • PI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.53.
  • Based on the Price/Forward Earnings ratio of 56.52, the valuation of PI can be described as expensive.
  • PI's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of PI to the average of the S&P500 Index (37.95), we can say PI is valued slightly more expensively.
Industry RankSector Rank
PE 52.84
Fwd PE 56.52
PI Price Earnings VS Forward Price EarningsPI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PI is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, PI is valued a bit cheaper than 62.61% of the companies in the same industry.
Industry RankSector Rank
P/FCF 72.76
EV/EBITDA 231.91
PI Per share dataPI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • A more expensive valuation may be justified as PI's earnings are expected to grow with 36.20% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y23.62%
EPS Next 3Y36.2%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. PI Dividend Analysis

5.1 Amount

  • PI does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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PI Fundamentals: All Metrics, Ratios and Statistics

IMPINJ INC

NASDAQ:PI (4/16/2026, 8:00:01 PM)

After market: 111.008 +0.57 (+0.51%)

110.44

+1.98 (+1.83%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners108.49%
Inst Owner Change0.03%
Ins Owners3.5%
Ins Owner Change0.91%
Market Cap3.34B
Revenue(TTM)361.07M
Net Income(TTM)-10.85M
Analysts81.25
Price Target170.34 (54.24%)
Short Float %10.68%
Short Ratio4.44
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)4.96%
Min EPS beat(2)-3.51%
Max EPS beat(2)13.44%
EPS beat(4)3
Avg EPS beat(4)41.78%
Min EPS beat(4)-3.51%
Max EPS beat(4)147.13%
EPS beat(8)6
Avg EPS beat(8)34.34%
EPS beat(12)9
Avg EPS beat(12)54.58%
EPS beat(16)12
Avg EPS beat(16)149.33%
Revenue beat(2)1
Avg Revenue beat(2)-0.73%
Min Revenue beat(2)-2.14%
Max Revenue beat(2)0.68%
Revenue beat(4)3
Avg Revenue beat(4)0.1%
Min Revenue beat(4)-2.14%
Max Revenue beat(4)1.31%
Revenue beat(8)5
Avg Revenue beat(8)-0.14%
Revenue beat(12)6
Avg Revenue beat(12)-0.44%
Revenue beat(16)9
Avg Revenue beat(16)0.14%
PT rev (1m)-3.78%
PT rev (3m)-30.74%
EPS NQ rev (1m)-1.3%
EPS NQ rev (3m)-63.13%
EPS NY rev (1m)1.09%
EPS NY rev (3m)-33.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-19.7%
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)-17.27%
Valuation
Industry RankSector Rank
PE 52.84
Fwd PE 56.52
P/S 9.25
P/FCF 72.76
P/OCF 56.83
P/B 15.96
P/tB 18.65
EV/EBITDA 231.91
EPS(TTM)2.09
EY1.89%
EPS(NY)1.95
Fwd EY1.77%
FCF(TTM)1.52
FCFY1.37%
OCF(TTM)1.94
OCFY1.76%
SpS11.94
BVpS6.92
TBVpS5.92
PEG (NY)N/A
PEG (5Y)N/A
Graham Number18.0409 (-83.66%)
Profitability
Industry RankSector Rank
ROA -1.99%
ROE -5.18%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 52.53%
FCFM 12.71%
ROA(3y)-1.9%
ROA(5y)-5.78%
ROE(3y)-35%
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-0.6%
GM growth 5Y2.31%
F-Score4
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 6.12
Debt/EBITDA 12.87
Cap/Depr 85.51%
Cap/Sales 3.56%
Interest Coverage N/A
Cash Conversion 410.73%
Profit Quality N/A
Current Ratio 2.68
Quick Ratio 2.01
Altman-Z 6.06
F-Score4
WACC11.32%
ROIC/WACCN/A
Cap/Depr(3y)116.59%
Cap/Depr(5y)180.52%
Cap/Sales(3y)4.79%
Cap/Sales(5y)5.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.48%
EPS 3Y30.06%
EPS 5YN/A
EPS Q2Q%4.17%
EPS Next Y-6.51%
EPS Next 2Y23.62%
EPS Next 3Y36.2%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.48%
Revenue growth 3Y11.88%
Revenue growth 5Y21.05%
Sales Q2Q%1.4%
Revenue Next Year1.44%
Revenue Next 2Y12.62%
Revenue Next 3Y23.76%
Revenue Next 5Y26.37%
EBIT growth 1Y95.14%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-7.17%
EBIT Next 3Y30.96%
EBIT Next 5YN/A
FCF growth 1Y-58.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-54.22%
OCF growth 3Y351.09%
OCF growth 5YN/A

IMPINJ INC / PI Fundamental Analysis FAQ

What is the fundamental rating for PI stock?

ChartMill assigns a fundamental rating of 4 / 10 to PI.


Can you provide the valuation status for IMPINJ INC?

ChartMill assigns a valuation rating of 3 / 10 to IMPINJ INC (PI). This can be considered as Overvalued.


What is the profitability of PI stock?

IMPINJ INC (PI) has a profitability rating of 2 / 10.


Can you provide the expected EPS growth for PI stock?

The Earnings per Share (EPS) of IMPINJ INC (PI) is expected to decline by -6.51% in the next year.