Impinj, Inc. (PI) vs Vishay Intertechnology, Inc. (VSH)

Impinj, Inc. and Vishay Intertechnology, Inc. are both Semiconductors companies. Impinj, Inc. and Vishay Intertechnology, Inc. are of similar size ($5.4B and $4.9B). Impinj, Inc. has negative trailing earnings, so its P/E is not meaningful; Vishay Intertechnology, Inc. trades at 157×. Vishay Intertechnology, Inc. grew revenue faster over the last twelve months: 13.4% against 3.51%. Vishay Intertechnology, Inc. has the higher net margin (0.86% vs −7.26%) and the higher return on invested capital (2.65% vs −1.23%). Across the 19 metrics below, Vishay Intertechnology, Inc. leads on 14 and Impinj, Inc. on 5.

Valuation

Metric PI VSH Semiconductors median
P/E n/m 157.02 49.41
P/S 14.63 1.34 8.58
P/B 23.46 1.53 5.49
Price to free cash flow 86.61 n/m 47.02
EV/EBITDA 604.06 12.17 30.78
EV/Sales 14.92 1.24 8.79
Earnings yield (0.51%) 0.64% 0.62%
Free cash flow yield 1.15% (0.14%) 0.59%

Profitability

Metric PI VSH Semiconductors median
Gross margin 52.86% 20.93% 52.25%
Operating margin (1.80%) 3.30% 4.85%
Net margin (7.26%) 0.86% 4.77%
Free cash flow margin 16.95% (0.18%) 8.65%
Return on equity (12.87%) 1.13% 3.11%
Return on assets (5.17%) 0.61% 1.91%
Return on invested capital (1.23%) 2.65% 2.46%

Growth

Metric PI VSH Semiconductors median
Revenue growth (TTM) 3.51% 13.38% 16.66%
EPS growth (last fiscal year) (126.62%) 69.57% —
Revenue growth, 5-year CAGR 21.05% 4.17% 5.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PI VSH Semiconductors median
Debt to equity 1.04 0.33 0.05
Current ratio 3.28 1.80 3.35
Net debt to EBITDA 7.67 1.55 0.58

Dividend

Metric PI VSH Semiconductors median
Dividend yield — 1.92% 1.93%
Payout ratio 0.00 0.14 0.00

Size

Metric PI VSH Semiconductors median
Market cap 5.39b 4.94b 5.67b

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