IMPINJ INC (PI)

US4532041096 - Common Stock

157.45  +6.54 (+4.33%)

After market: 157.5 +0.05 (+0.03%)

Fundamental Rating

3

Taking everything into account, PI scores 3 out of 10 in our fundamental rating. PI was compared to 107 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 quite expensive at the moment. It does show a decent growth rate.



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1

1. Profitability

1.1 Basic Checks

PI had positive earnings in the past year.
In the past year PI has reported a negative cash flow from operations.
PI had negative earnings in each 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 -12.07% is on the low side compared to the rest of the industry. PI is outperformed by 75.47% of its industry peers.
Looking at the Return On Equity, with a value of -127.07%, PI is doing worse than 85.85% of the companies in the same industry.
Industry RankSector Rank
ROA -12.07%
ROE -127.07%
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

The Gross Margin of PI (49.42%) is better than 62.26% 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 RankSector Rank
OM N/A
PM (TTM) N/A
GM 49.42%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.78%
GM growth 5Y0.77%

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5

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

An Altman-Z score of 7.15 indicates that PI is not in any danger for bankruptcy at the moment.
PI has a better Altman-Z score (7.15) than 70.75% of its industry peers.
PI has a Debt/Equity ratio of 8.26. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 8.26, PI is doing worse than 93.40% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 8.26
Debt/FCF N/A
Altman-Z 7.15
ROIC/WACCN/A
WACC11.75%

2.3 Liquidity

A Current Ratio of 8.73 indicates that PI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 8.73, PI belongs to the top of the industry, outperforming 94.34% of the companies in the same industry.
A Quick Ratio of 5.59 indicates that PI has no problem at all paying its short term obligations.
PI has a better Quick ratio (5.59) than 87.74% of its industry peers.
Industry RankSector Rank
Current Ratio 8.73
Quick Ratio 5.59

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6

3. Growth

3.1 Past

PI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.79%.
The Revenue has grown by 19.30% in the past year. This is quite good.
PI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.19% yearly.
EPS 1Y (TTM)-23.79%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-78.05%
Revenue 1Y (TTM)19.3%
Revenue growth 3Y30.34%
Revenue growth 5Y20.19%
Revenue growth Q2Q-7.75%

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 67.19% on average per year.
Based on estimates for the next years, PI will show a quite strong growth in Revenue. The Revenue will grow by 17.91% on average per year.
EPS Next Y39.78%
EPS Next 2Y62.54%
EPS Next 3Y67.19%
EPS Next 5YN/A
Revenue Next Year7.54%
Revenue Next 2Y15.39%
Revenue Next 3Y17.91%
Revenue Next 5YN/A

3.3 Evolution

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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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 218.68, the valuation of PI can be described as expensive.
Based on the Price/Earnings ratio, PI is valued a bit more expensive than 65.09% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.02, PI is valued quite expensively.
PI is valuated quite expensively with a Price/Forward Earnings ratio of 155.59.
PI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. PI is more expensive than 64.15% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.32. PI is valued rather expensively when compared to this.
Industry RankSector Rank
PE 218.68
Fwd PE 155.59

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as PI's earnings are expected to grow with 67.19% in the coming years.
PEG (NY)5.5
PEG (5Y)N/A
EPS Next 2Y62.54%
EPS Next 3Y67.19%

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0

5. Dividend

5.1 Amount

No dividends for PI!.
Industry RankSector Rank
Dividend Yield N/A

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IMPINJ INC

NASDAQ:PI (4/29/2024, 7:20:12 PM)

After market: 157.5 +0.05 (+0.03%)

157.45

+6.54 (+4.33%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.28B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 218.68
Fwd PE 155.59
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)5.5
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -12.07%
ROE -127.07%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) N/A
GM 49.42%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.86
Health
Industry RankSector Rank
Debt/Equity 8.26
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 8.73
Quick Ratio 5.59
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-23.79%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y39.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)19.3%
Revenue growth 3Y30.34%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y