EnSilica is currently trading at a forward price-to-sales (FPS) ratio of 1.6 times anticipated sales for the current financial year ending May 31st. Compare that to another innovative specialist chip designer also with great potential, Filtronic is trading with a FPS of 7.6!
The UK semiconductor industry is trading at a 10 year historical PS of 4.5. The US semiconductor industry is trading at a 10 year historical PS of 6.1. The US semiconductor industry is currently trading at a PS of 14.4!
ENSI is significantly undervalued in my opinion and that is why I remain a patient investor. Hopefully 2026 will be the year when that gap starts closing and ENSI moves towards what I see as a more reasonable FPS. That in part is why my partner and I have such conviction and are now combined top 20 shareholders.
May fortune favour the brave!
Mark aka Double Bubbler
All data courtesy of Simply Wall St.
Two Innovative Chip Designers With Notable End Users (AST SpaceMobile & Starlink) – One Is Significantly Undervalued IMO!
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