158.26 USD
+1.47 (+0.94%)
158.26 USD
0 (0%)
PI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While PI seems to be doing ok healthwise, there are quite some concerns on its profitability. PI shows excellent growth, but is valued quite expensive already.
1. Profitability
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.
In multiple years PI reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of -3.11%, PI is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
PI's Return On Equity of -8.23% is on the low side compared to the rest of the industry. PI is outperformed by 66.07% 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
PI's Gross Margin of 52.21% is fine compared to the rest of the industry. PI outperforms 68.75% of its industry peers.
PI's Gross Margin has been stable in the last couple of years.
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.
The debt/assets ratio for PI has been reduced compared to a year ago.
2.2 Solvency
PI has an Altman-Z score of 8.93. This indicates that PI is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 8.93, PI is doing good in the industry, outperforming 71.43% of the companies in the same industry.
The Debt to FCF ratio of PI is 6.88, which is on the high side as it means it would take PI, 6.88 years of fcf income to pay off all of its debts.
PI has a Debt to FCF ratio of 6.88. This is comparable to the rest of the industry: PI outperforms 52.68% of its industry peers.
PI has a Debt/Equity ratio of 0.94. This is a neutral value indicating PI is somewhat dependend on debt financing.
PI has a Debt to Equity ratio of 0.94. This is amonst the worse of the industry: PI underperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 6.88 | ||
| Altman-Z | 8.93 |
ROIC/WACCN/A
WACC10.17%
2.3 Liquidity
PI has a Current Ratio of 2.67. This indicates that PI is financially healthy and has no problem in meeting its short term obligations.
PI has a Current ratio (2.67) which is in line with its industry peers.
A Quick Ratio of 1.97 indicates that PI should not have too much problems paying its short term obligations.
PI's Quick ratio of 1.97 is in line compared to the rest of the industry. PI outperforms 45.54% of its industry peers.
| 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.
The Revenue for PI has decreased by -14.74% in the past year. This is quite bad
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%0.9%
3.2 Future
PI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.71% yearly.
The Revenue is expected to grow by 20.12% on average over the next years. This is a very strong growth
EPS Next Y1.92%
EPS Next 2Y18.29%
EPS Next 3Y23.47%
EPS Next 5Y35.71%
Revenue Next Year-2.25%
Revenue Next 2Y9.59%
Revenue Next 3Y13.87%
Revenue Next 5Y20.12%
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.
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
PI is valuated quite expensively with a Price/Earnings ratio of 76.45.
PI's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.46, PI is valued quite expensively.
The Price/Forward Earnings ratio is 54.37, which means the current valuation is very expensive for PI.
PI's Price/Forward Earnings is on the same level as the industry average.
PI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 76.45 | ||
| Fwd PE | 54.37 |
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.
PI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 116.92 | ||
| EV/EBITDA | 363.28 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PI does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as PI's earnings are expected to grow with 23.47% in the coming years.
PEG (NY)39.88
PEG (5Y)0.61
EPS Next 2Y18.29%
EPS Next 3Y23.47%
5. Dividend
5.1 Amount
PI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
158.26
+1.47 (+0.94%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners109.97%
Inst Owner Change0.74%
Ins Owners3.29%
Ins Owner Change-0.2%
Market Cap4.77B
Revenue(TTM)359.80M
Net Income(TTM)-16.05M
Analysts83.75
Price Target245.93 (55.4%)
Short Float %8.92%
Short Ratio4.92
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)20.71%
PT rev (3m)40.77%
EPS NQ rev (1m)12.25%
EPS NQ rev (3m)16.23%
EPS NY rev (1m)5.17%
EPS NY rev (3m)7.51%
Revenue NQ rev (1m)0.97%
Revenue NQ rev (3m)1.59%
Revenue NY rev (1m)1.03%
Revenue NY rev (3m)1.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 76.45 | ||
| Fwd PE | 54.37 | ||
| P/S | 13.24 | ||
| P/FCF | 116.92 | ||
| P/OCF | 84.74 | ||
| P/B | 24.44 | ||
| P/tB | 29.02 | ||
| EV/EBITDA | 363.28 |
EPS(TTM)2.07
EY1.31%
EPS(NY)2.91
Fwd EY1.84%
FCF(TTM)1.35
FCFY0.86%
OCF(TTM)1.87
OCFY1.18%
SpS11.95
BVpS6.48
TBVpS5.45
PEG (NY)39.88
PEG (5Y)0.61
Graham Number17.37
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 | 8.93 |
F-Score4
WACC10.17%
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 Y1.92%
EPS Next 2Y18.29%
EPS Next 3Y23.47%
EPS Next 5Y35.71%
Revenue 1Y (TTM)-14.74%
Revenue growth 3Y24.37%
Revenue growth 5Y19.09%
Sales Q2Q%0.9%
Revenue Next Year-2.25%
Revenue Next 2Y9.59%
Revenue Next 3Y13.87%
Revenue Next 5Y20.12%
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.