(PI) Impinj - Ratings and Ratios
Endpoint ICs, Readers, Gateways, Software
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 62.9% |
| Value at Risk 5%th | 90.9% |
| Relative Tail Risk | -12.06% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.15 |
| Alpha | -38.25 |
| CAGR/Max DD | 0.17 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.635 |
| Beta | 2.164 |
| Beta Downside | 1.881 |
| Drawdowns 3y | |
|---|---|
| Max DD | 73.79% |
| Mean DD | 29.61% |
| Median DD | 28.32% |
Description: PI Impinj November 08, 2025
Impinj, Inc. (NASDAQ:PI) operates a global cloud-connectivity platform that wirelessly links physical items to digital applications. Its solution stack includes ultra-small “radio-on-a-chip” endpoint ICs that embed unique identifiers, reader ICs, readers, gateways, and a software/algorithm layer that enables partners to power, read, write, authenticate, and engage those tags for use-cases such as retail self-checkout, loss prevention, and supply-chain visibility. The company serves a breadth of verticals-including retail, logistics, automotive, aviation, banking, data centers, healthcare, and industrial manufacturing-through OEMs, system integrators, value-added resellers, and software vendors.
Key recent metrics show FY 2023 revenue of roughly $260 million, a gross margin hovering near 70 %, and a 15 % year-over-year increase in recurring subscription revenue from its cloud services. Impinj’s growth is underpinned by macro trends: accelerating RFID adoption driven by e-commerce fulfillment, tighter inventory-tracking regulations in food and pharma, and broader IoT spending that is forecast to exceed $1.5 trillion by 2026. The company’s inventory turnover ratio of ~4.5× and a cash-conversion cycle of ~45 days suggest efficient working-capital management, but the business remains sensitive to semiconductor supply constraints and cyclical OEM demand.
For a deeper, data-driven view of Impinj’s valuation dynamics and scenario analysis, you may find the free tools on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (-12.4m TTM) > 0 and > 6% of Revenue (6% = 21.6m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA -13.41pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 61.14% (prev -0.58%; Δ 61.72pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 56.2m > Net Income -12.4m (YES >=105%, WARN >=100%) |
| Current Ratio 2.67 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (29.3m) change vs 12m ago -1.31% (target <= -2.0% for YES) |
| Gross Margin 52.21% (prev 50.99%; Δ 1.22pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 72.47% (prev 72.45%; Δ 0.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.99 (EBITDA TTM 1.43m / Interest Expense TTM 4.38m) >= 6 (WARN >= 3) |
Altman Z'' -1.20
| (A) 0.43 = (Total Current Assets 351.8m - Total Current Liabilities 131.8m) / Total Assets 516.5m |
| (B) -0.77 = Retained Earnings (Balance) -399.0m / Total Assets 516.5m |
| (C) -0.03 = EBIT TTM -13.1m / Avg Total Assets 496.5m |
| (D) -1.23 = Book Value of Equity -396.6m / Total Liabilities 321.5m |
| Total Rating: -1.20 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 45.75
| 1. Piotroski 4.0pt |
| 2. FCF Yield 0.84% |
| 3. FCF Margin 11.33% |
| 4. Debt/Equity 1.47 |
| 5. Debt/Ebitda 165.0 |
| 6. ROIC - WACC (= -16.10)% |
| 7. RoE -7.16% |
| 8. Rev. Trend 79.10% |
| 9. EPS Trend 45.19% |
What is the price of PI shares?
Over the past week, the price has changed by +16.81%, over one month by -27.35%, over three months by -7.28% and over the past year by -8.69%.
Is PI a buy, sell or hold?
- Strong Buy: 5
- Buy: 3
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the PI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 241.1 | 39.5% |
| Analysts Target Price | 241.1 | 39.5% |
| ValueRay Target Price | 184.8 | 6.9% |
PI Fundamental Data Overview November 26, 2025
P/E Forward = 62.1118
P/S = 13.1752
P/B = 23.7351
Beta = 1.481
Revenue TTM = 359.8m USD
EBIT TTM = -13.1m USD
EBITDA TTM = 1.43m USD
Long Term Debt = 183.8m USD (from longTermDebt, last quarter)
Short Term Debt = 100.5m USD (from shortTermDebt, last quarter)
Debt = 287.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 235.8m USD (from netDebt column, last quarter)
Enterprise Value = 4.84b USD (4.74b + Debt 287.5m - CCE 190.1m)
Interest Coverage Ratio = -2.99 (Ebit TTM -13.1m / Interest Expense TTM 4.38m)
FCF Yield = 0.84% (FCF TTM 40.8m / Enterprise Value 4.84b)
FCF Margin = 11.33% (FCF TTM 40.8m / Revenue TTM 359.8m)
Net Margin = -3.45% (Net Income TTM -12.4m / Revenue TTM 359.8m)
Gross Margin = 52.21% ((Revenue TTM 359.8m - Cost of Revenue TTM 172.0m) / Revenue TTM)
Gross Margin QoQ = 50.31% (prev 57.83%)
Tobins Q-Ratio = 9.37 (Enterprise Value 4.84b / Total Assets 516.5m)
Interest Expense / Debt = 0.39% (Interest Expense 1.12m / Debt 287.5m)
Taxrate = -0.69% (negative due to tax credits) (89.0k / -12.9m)
NOPAT = -13.2m (EBIT -13.1m * (1 - -0.69%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 2.67 (Total Current Assets 351.8m / Total Current Liabilities 131.8m)
Debt / Equity = 1.47 (Debt 287.5m / totalStockholderEquity, last quarter 195.0m)
Debt / EBITDA = 165.0 (Net Debt 235.8m / EBITDA 1.43m)
Debt / FCF = 5.79 (Net Debt 235.8m / FCF TTM 40.8m)
Total Stockholder Equity = 173.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.40% (Net Income -12.4m / Total Assets 516.5m)
RoE = -7.16% (Net Income TTM -12.4m / Total Stockholder Equity 173.3m)
RoCE = -3.67% (EBIT -13.1m / Capital Employed (Equity 173.3m + L.T.Debt 183.8m))
RoIC = -2.89% (negative operating profit) (NOPAT -13.2m / Invested Capital 456.3m)
WACC = 13.21% (E(4.74b)/V(5.03b) * Re(13.99%) + D(287.5m)/V(5.03b) * Rd(0.39%) * (1-Tc(-0.01)))
Discount Rate = 13.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.07%
[DCF Debug] Terminal Value 49.78% ; FCFE base≈65.1m ; Y1≈44.2m ; Y5≈21.7m
Fair Price DCF = 7.03 (DCF Value 211.8m / Shares Outstanding 30.1m; 5y FCF grow -37.48% → 3.0% )
EPS Correlation: 45.19 | EPS CAGR: 40.98% | SUE: 0.44 | # QB: 0
Revenue Correlation: 79.10 | Revenue CAGR: 17.44% | SUE: 1.21 | # QB: 3
Additional Sources for PI Stock
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Fund Manager Positions: Dataroma | Stockcircle