Impinj PI
United StatesTechnology · SemiconductorsUSD
180.89 USD (−5.3%)
9 analysts
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Impinj, Inc. is a technology company that designs and manufactures radio frequency identification (RAIN RFID) solutions, including chips, readers, and software, that enable businesses to identify, locate, and authenticate physical objects in real time.
Key points
from its scores- ✕Demanding valuation0.9
- ✕Poor share-price trend1.1
- ✕Little or no dividend1.5
AI analysis
bottom line, main risk, context and newsThe combination of extreme debt, unsustainable valuation, and negative return on capital makes the risk/reward profile clearly unfavorable.
Impinj presents very weak financial health (score 3.34) due to extreme leverage (Net Debt/EBITDA of 15.12) and negative return on equity (ROE -12.88%). Its valuation is extremely demanding (forward P/E 68.15, EV/EBITDA 675.58), which, combined with moderate revenue growth (10.70%), makes it a high-risk investment with a very limited margin of safety.
The main risk is the extreme financial leverage (Net Debt/EBITDA of 15.12), which in a rising interest rate environment could compromise the company's solvency and limit its ability to invest in growth.
Context and risks
Impinj has no recent relevant news. The macro context of rising rates in the US is a general market factor already reflected in its valuation and debt cost, but there is no specific company event requiring an additional adjustment.
Is Impinj stock cheap or expensive?
at the analysis dateOn Price / sales, it trades 198% above the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 25.2 | 6.3 | +300% |
| Price / sales | 15.7 | 5.3 | +198% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 0.9 out of 10 (median for Technology: 5.3).
Average analyst target: 180.89 USD, −5.3% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.3 (sector 6.4), Growth 5.6 (sector 7.5).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- Forward P/E
- 68.1
- EV / EBITDA
- 675.6
- Price / book
- 25.2
- Price / sales
- 15.7
- Market cap
- 5.8B USD
- Enterprise value
- 6.0B USD
Profitability
- ROE
- −12.9%
- ROA
- −0.8%
- ROIC (approx.)
- 7.2%
- Gross margin
- 52.9%
- Operating margin
- 9.7%
- Net margin
- −7.3%
- Free cash flow
- 56.2M USD
- FCF yield
- 1.0%
- Cash conversion
- 636%
Solvency
- Total debt
- 266.7M USD
- Net debt
- 133.6M USD
- Cash
- 133.0M USD
- EBITDA
- 8.8M USD
- Net debt / EBITDA
- 15.12
- Debt / equity
- 115.14
- Current ratio
- 3.28
- Quick ratio
- 2.20
Growth
- Revenue growth
- +10.7%
- Earnings growth
- +0.0%
- EPS (TTM)
- −0.91 USD
- EPS (forward)
- 2.80 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.94
- Analyst consensus
- Buy (9)
- Target price
- 180.89 USD
- 52-week range
- 87.36 – 247.06
Recent news
All PI news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Impinj
Is Impinj stock cheap or expensive?
On Price / sales, it trades 198% above the Technology median. Valuation score: 0.9 out of 10 (median for Technology: 5.3). Average analyst target: 180.89 USD, −5.3% versus the price. This is not investment advice.
What score does Impinj get on MeridIAn Screener?
It scores 3.1 out of 10, rank 2,080 of 2,130 (better than 2% of the companies analysed). Its strongest category is Growth (5.6) and its weakest, Valuation (0.9). Analysis of 08/10/2026.
How much is Impinj worth on the stock market?
Its market capitalisation is 5.8B USD and its enterprise value, debt included, is 6.0B USD.
How much debt does Impinj have?
Its net debt (debt minus cash) is 133.6M USD. That is 15.12 times its EBITDA; the Technology median is 0.20.
Does Impinj pay a dividend?
It pays no dividend, or almost none.
How has Impinj stock performed over the last year?
It has risen 1.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 87.36 and 247.06 USD. Past performance does not guarantee future results.
What do analysts think of Impinj?
9 analysts cover it; their average recommendation is “Buy” and their average target is 180.89 USD (−5.3% versus the price). It is an estimate, not market data.