EnSilica plc is a publicly traded company headquartered near Oxford, England. A leading fabless supplier of complex mixed signal ASICs to OEM and system houses. The company has world-class expertise in designing and supplying custom integrated circuits to its international customers in the automotive, industrial, healthcare and communications markets. EnSilica’s shares are traded as LONDON: ENSI.
Double Bubbler’s Position: 1,250,000 shares¹. Average Buy Price: £0.395 ($0.53)
Double Bubbler’s Forecast: £0.85 ($1.12) in late 2026²
Double Bubbler’s Detailed Opinion: EnSilica: Would You Like To Super-Size Your Chips Order? and Why EnSilica is Worth Possibly 13x its Current Price
¹ Thanks to the joys of fractional shares we actually own… 1,250,000.12308982 😁
² This is conditional upon a dual-US listing being achieved this FY otherwise I forecast ≈£0.70 ($0.92)
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You should carry out your own due diligence and make your own decision as to whether to invest based on aspects such as but not limited to personal research, appropriate independent advice, your circumstances, your appetite for risk etcetera. I am not a professional, just a successful private investor who is motivated by many things including helping my community, having fun while making money and having once been homeless.
An explanation of my £0.85 ($1.15) forecast for late 2026 that I made this week…
EnSilica plc (London: ENSI) gained 15% this week and rose to 43p, above its 200 day moving average, following the announcement of an innovative new chip design.
The firm is currently trading at a Price to Sales (PS) of roughly 2 (based on sales of about £20m in FY25) having also risen after a very positive update in June that while not stated, is probably in relation to their contract with AST Space Mobile*.
The company’s outlook as confirmed by the Board of Directors is for sales of between £33m and £35m for this financial year. Based on this and research I carried out in March, that suggested various peers had an average PS of 3.04, if £33m sales and the average PS are achieved on the back of positive momentum, that then could mean a market capitalisation of over twice what it is now.
Being relatively conservative my share price forecast of 85p for next year is based on sales of £33m and a PS of 2.5.
A recent report from its US advisor Stonegate gave a mid-point valuation of 83p. You can read their report here: https://stonegateinc.reportablenews.com/pr/stonegate-updates-coverage-on-ensilica-plc-aim-ensi-mid-year-update-1h-2025
* Contract update: https://www.londonstockexchange.com/news-article/ENSI/contract-update/17081930
Hello! is it possible to buy ENSI from the US?
Hi Emilie, thanks for asking. EnSilica is listed on London’s junior market (AIM) and is not as easy to buy in the US as I would like. In fact some brokers do not even carry it. Hence I am encouraging the management and their nominated advisor to consider options. I suspect if EnSilica had a secondary listing in the US that it would already be multiples of the current share price.
Depending upon which broker you use, you may be able to call them to make a purchase, much like the Over The Counter (OTC) arrangement. Also linked below is an article I posted on the subject. I have made some progress since, such as Trading 212 kindly raising their limit on share holdings for ENSI to 11,150. Hopefully in time the cap will be lifted entirely.
https://doublebubbler.com/2025/09/26/why-i-am-of-the-opinion-ensilica-should-dual-list-in-the-u-s/
Take it easy,
DB