Allegro MicroSystems, Inc. (ALGM) vs Impinj, Inc. (PI)

Allegro MicroSystems, Inc. and Impinj, Inc. are both Semiconductors companies. Allegro MicroSystems, Inc. is the larger, with a market value of $6.6B against $5.4B — 1.2× the size. Impinj, Inc. has negative trailing earnings, so its P/E is not meaningful; Allegro MicroSystems, Inc. trades at 460×. Allegro MicroSystems, Inc. grew revenue faster over the last twelve months: 24.2% against 3.51%. Allegro MicroSystems, Inc. has the higher net margin (1.50% vs −7.26%) and the higher return on invested capital (2.68% vs −1.23%). Across the 20 metrics below, Allegro MicroSystems, Inc. leads on 17 and Impinj, Inc. on 3.

Valuation

Metric ALGM PI Semiconductors median
P/E 459.50 n/m 49.41
P/S 7.22 14.63 8.58
P/B 7.07 23.46 5.49
Price to free cash flow 77.75 86.61 47.02
EV/EBITDA 59.65 604.06 30.78
EV/Sales 7.35 14.92 8.79
Earnings yield 0.22% (0.51%) 0.62%
Free cash flow yield 1.29% 1.15% 0.59%

Profitability

Metric ALGM PI Semiconductors median
Gross margin 47.18% 52.86% 52.25%
Operating margin 4.94% (1.80%) 4.85%
Net margin 1.50% (7.26%) 4.77%
Free cash flow margin 9.29% 16.95% 8.65%
Return on equity 1.50% (12.87%) 3.11%
Return on assets 1.01% (5.17%) 1.91%
Return on invested capital 2.68% (1.23%) 2.46%

Growth

Metric ALGM PI Semiconductors median
Revenue growth (TTM) 24.22% 3.51% 16.66%
EPS growth (last fiscal year) 79.49% (126.62%) —
Revenue growth, 5-year CAGR 8.53% 21.05% 5.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALGM PI Semiconductors median
Debt to equity 0.30 1.04 0.05
Current ratio 3.70 3.28 3.35
Net debt to EBITDA 1.32 7.67 0.58

Dividend

Metric ALGM PI Semiconductors median
Dividend yield — — 1.93%
Payout ratio 0.00 0.00 0.00

Size

Metric ALGM PI Semiconductors median
Market cap 6.61b 5.39b 5.67b

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