Impinj, Inc. (PI) vs Silicon Motion Technology Corporation (SIMO)

Impinj, Inc. and Silicon Motion Technology Corporation are both Semiconductors companies. Silicon Motion Technology Corporation is the larger, with a market value of $7.4B against $5.8B — 1.3× the size. Impinj, Inc. has negative trailing earnings, so its P/E is not meaningful; Silicon Motion Technology Corporation trades at 24.6×. Silicon Motion Technology Corporation grew revenue faster over the last twelve months: 70.9% against 3.51%. Silicon Motion Technology Corporation has the higher net margin (22.1% vs −7.26%) and the higher return on invested capital (13.8% vs −1.23%). Across the 20 metrics below, Silicon Motion Technology Corporation leads on 15 and Impinj, Inc. on 5.

Valuation

Metric PI SIMO Semiconductors median
P/E n/m 24.63 45.58
P/S 14.39 5.45 7.63
P/B 23.08 6.84 4.90
Price to free cash flow 85.20 n/m 48.34
EV/EBITDA 594.40 28.59 28.36
EV/Sales 14.68 5.40 7.15
Earnings yield (0.52%) 4.06% 0.75%
Free cash flow yield 1.17% (1.68%) 0.67%

Profitability

Metric PI SIMO Semiconductors median
Gross margin 52.86% 48.87% 52.28%
Operating margin (1.80%) 16.31% 4.76%
Net margin (7.26%) 22.06% 4.26%
Free cash flow margin 16.95% (9.17%) 8.47%
Return on equity (12.87%) 31.83% 2.59%
Return on assets (5.17%) 21.96% 1.78%
Return on invested capital (1.23%) 13.77% 2.27%

Growth

Metric PI SIMO Semiconductors median
Revenue growth (TTM) 3.51% 70.87% 16.92%
EPS growth (last fiscal year) (126.62%) 35.32% 27.17%
Revenue growth, 5-year CAGR 21.05% 10.42% 5.83%
Net income growth, 5-year CAGR 0.00% 8.99% 0.00%

Health

Metric PI SIMO Semiconductors median
Debt to equity 1.04 0.00 0.05
Current ratio 3.28 2.52 3.28
Net debt to EBITDA 7.67 (1.64) 0.58

Dividend

Metric PI SIMO Semiconductors median
Dividend yield — 0.95% 1.19%
Payout ratio — 0.23 0.40

Size

Metric PI SIMO Semiconductors median
Market cap 5.83b 7.41b 5.43b

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