What is Impinj Inc worth?
With the base-case assumptions below, a discounted cash flow model on Impinj Inc's reported free cash flow gives $44.83 per share. The share price was $178.28 on September 25, 2026, 298% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $24.51 | -86% |
| Base | 15.0% | 9.0% | $44.83 | -75% |
| Bull | 20.0% | 8.0% | $82.65 | -54% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $60.21 | $65.00 | $70.86 | $78.19 | $87.61 |
| 8.0% | $48.65 | $51.76 | $55.44 | $59.85 | $65.24 |
| 9.0% | $40.25 | $42.37 | $44.83 | $47.69 | $51.07 |
| 10.0% | $33.87 | $35.38 | $37.10 | $39.06 | $41.32 |
| 11.0% | $28.88 | $29.99 | $31.23 | $32.63 | $34.21 |
Where the presets come from
Base: years 1 to 5 grow at Impinj Inc's revenue growth rate over the last 5 fiscal years (21.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions