IMPINJ INC (PI) Stock Fundamental Analysis
USA - NASDAQ:PI - US4532041096 - Common Stock
196.13 USD
+10.94 (+5.91%)
196.4 USD
+0.27 (+0.14%)
Taking everything into account, PI scores 4 out of 10 in our fundamental rating. PI was compared to 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 is valued quite expensively, but it does show have an excellent growth rating.
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.
In multiple years PI reported negative operating cash flow during the last 5 years.
1.2 Ratios
PI's Return On Assets of -0.59% is in line compared to the rest of the industry. PI outperforms 46.43% of its industry peers.
Looking at the Return On Equity, with a value of -1.61%, PI is in line with its industry, outperforming 44.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.59% | ||
| ROE | -1.61% | ||
| 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
PI's Gross Margin of 52.12% is fine compared to the rest of the industry. PI outperforms 67.86% of its industry peers.
In the last couple of years the Gross Margin of PI has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for PI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 52.12% |
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.
Compared to 1 year ago, PI has more shares outstanding
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 11.04. This indicates that PI is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 11.04, PI is doing good in the industry, outperforming 72.32% of the companies in the same industry.
PI has a debt to FCF ratio of 10.35. This is a negative value and a sign of low solvency as PI would need 10.35 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.35, PI is in line with its industry, outperforming 47.32% of the companies in the same industry.
A Debt/Equity ratio of 1.51 is on the high side and indicates that PI has dependencies on debt financing.
With a Debt to Equity ratio value of 1.51, PI is not doing good in the industry: 90.18% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 10.35 | ||
| Altman-Z | 11.04 |
ROIC/WACCN/A
WACC11.42%
2.3 Liquidity
PI has a Current Ratio of 11.64. This indicates that PI is financially healthy and has no problem in meeting its short term obligations.
PI has a Current ratio of 11.64. This is amongst the best in the industry. PI outperforms 97.32% of its industry peers.
PI has a Quick Ratio of 8.44. This indicates that PI is financially healthy and has no problem in meeting its short term obligations.
PI has a Quick ratio of 8.44. This is amongst the best in the industry. PI outperforms 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.64 | ||
| Quick Ratio | 8.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 80.78% over the past year.
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.
The Revenue has decreased by -8.39% in the past 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)80.78%
EPS 3Y105.41%
EPS 5Y126.36%
EPS Q2Q%-3.61%
Revenue 1Y (TTM)-8.39%
Revenue growth 3Y24.37%
Revenue growth 5Y19.09%
Sales Q2Q%-4.49%
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 28.17% on average per year.
The Revenue is expected to grow by 18.35% on average over the next years. This is quite good.
EPS Next Y-4.22%
EPS Next 2Y13.69%
EPS Next 3Y22.78%
EPS Next 5Y28.17%
Revenue Next Year-3.38%
Revenue Next 2Y8.93%
Revenue Next 3Y11.4%
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.
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
With a Price/Earnings ratio of 95.67, PI can be considered very expensive at the moment.
PI's Price/Earnings ratio is in line with the industry average.
PI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.90.
PI is valuated quite expensively with a Price/Forward Earnings ratio of 72.96.
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 23.36. PI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 95.67 | ||
| Fwd PE | 72.96 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PI.
PI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 207.76 | ||
| EV/EBITDA | 521.16 |
4.3 Compensation for Growth
A more expensive valuation may be justified as PI's earnings are expected to grow with 22.78% in the coming years.
PEG (NY)N/A
PEG (5Y)0.76
EPS Next 2Y13.69%
EPS Next 3Y22.78%
5. Dividend
5.1 Amount
No dividends for PI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
196.13
+10.94 (+5.91%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners109.97%
Inst Owner Change0%
Ins Owners3.29%
Ins Owner Change0.31%
Market Cap5.71B
Analysts84
Price Target179.08 (-8.69%)
Short Float %11.81%
Short Ratio5.66
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)78.6%
Min EPS beat(2)10.06%
Max EPS beat(2)147.13%
EPS beat(4)3
Avg EPS beat(4)42.22%
Min EPS beat(4)-2.35%
Max EPS beat(4)147.13%
EPS beat(8)7
Avg EPS beat(8)81.61%
EPS beat(12)9
Avg EPS beat(12)62.29%
EPS beat(16)13
Avg EPS beat(16)185.11%
Revenue beat(2)2
Avg Revenue beat(2)0.93%
Min Revenue beat(2)0.54%
Max Revenue beat(2)1.31%
Revenue beat(4)2
Avg Revenue beat(4)-0.76%
Min Revenue beat(4)-4.41%
Max Revenue beat(4)1.31%
Revenue beat(8)5
Avg Revenue beat(8)-0.22%
Revenue beat(12)6
Avg Revenue beat(12)-0.2%
Revenue beat(16)8
Avg Revenue beat(16)0.12%
PT rev (1m)2.5%
PT rev (3m)39.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)27.75%
EPS NY rev (1m)1.04%
EPS NY rev (3m)13.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 95.67 | ||
| Fwd PE | 72.96 | ||
| P/S | 15.9 | ||
| P/FCF | 207.76 | ||
| P/OCF | 125.65 | ||
| P/B | 30.4 | ||
| P/tB | 36.5 | ||
| EV/EBITDA | 521.16 |
EPS(TTM)2.05
EY1.05%
EPS(NY)2.69
Fwd EY1.37%
FCF(TTM)0.94
FCFY0.48%
OCF(TTM)1.56
OCFY0.8%
SpS12.34
BVpS6.45
TBVpS5.37
PEG (NY)N/A
PEG (5Y)0.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.59% | ||
| ROE | -1.61% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 52.12% | ||
| FCFM | 7.65% |
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-Score4
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 10.35 | ||
| Debt/EBITDA | 26.25 | ||
| Cap/Depr | 129.02% | ||
| Cap/Sales | 5% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 419.16% | ||
| Profit Quality | N/A | ||
| Current Ratio | 11.64 | ||
| Quick Ratio | 8.44 | ||
| Altman-Z | 11.04 |
F-Score4
WACC11.42%
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)80.78%
EPS 3Y105.41%
EPS 5Y126.36%
EPS Q2Q%-3.61%
EPS Next Y-4.22%
EPS Next 2Y13.69%
EPS Next 3Y22.78%
EPS Next 5Y28.17%
Revenue 1Y (TTM)-8.39%
Revenue growth 3Y24.37%
Revenue growth 5Y19.09%
Sales Q2Q%-4.49%
Revenue Next Year-3.38%
Revenue Next 2Y8.93%
Revenue Next 3Y11.4%
Revenue Next 5Y18.35%
EBIT growth 1Y92.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-0.69%
EBIT Next 3Y21.91%
EBIT Next 5Y33.72%
FCF growth 1Y143.85%
FCF growth 3YN/A
FCF growth 5Y117.59%
OCF growth 1Y211.24%
OCF growth 3Y170.68%
OCF growth 5Y93.66%