Ensilica PLC (GB:ENSI)
LSE:ENSI
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Ensilica PLC
(LSE:ENSI)
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Rating:55Neutral
Price Target:
50.00 p
▲(2.04% Upside)
Action:ReiteratedDate:01/09/26
The score is held back primarily by weak financial performance—declining revenue, ongoing losses, and sharply deteriorating free cash flow—despite a reasonably leveraged balance sheet. Technicals are a key offset, showing strong upside momentum with the price well above major moving averages, though indicators are nearing stretched levels. Valuation is also a drag because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Gross margin durability
A 40%+ gross margin indicates the company’s engineering and IP deliver meaningful product-level economics. This margin provides a durable cushion to absorb operating spend and supports a pathway to sustained profitability if sales stabilize and operating efficiencies are achieved.
Negative Factors
Sharp revenue contraction
A near-30% decline in revenue materially reduces scale benefits, weakens customer leverage, and limits funds for R&D and talent retention. Sustained revenue shrinkage undermines the company’s ability to convert gross margins into operating profitability and long-term competitive strength.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross margin durability
A 40%+ gross margin indicates the company’s engineering and IP deliver meaningful product-level economics. This margin provides a durable cushion to absorb operating spend and supports a pathway to sustained profitability if sales stabilize and operating efficiencies are achieved.
Read all positive factors
Ensilica PLC (ENSI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£58.35M
Dividend YieldN/A
Average Volume (3M)488.80K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue Growth-28.03%
EPS Growth-1213.04%
CountryUK
Employees168
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding117,877,230
10 Day Avg. Volume486,055
30 Day Avg. Volume488,798
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.38
Price to Sales (P/S)1.58
P/FCF Ratio55.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.01
Revenue Forecast (FY)£28.00M
Ensilica PLC Business Overview & Revenue Model
Company Description
EnSilica plc designs and supplies mixed signal application specific integrated circuits in the United Kingdom and internationally. The company also offers core IP products covering cryptography, radar, and communications systems. It serves corpora...
How the Company Makes Money
Ensilica generates revenue through multiple streams, primarily by providing custom silicon solutions and electronic design services to clients across various industries. The company capitalizes on its intellectual property (IP) by licensing its in...
Ensilica PLC Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | May 2024 | May 2023 | May 2022 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.64M | 18.18M | 25.27M | 20.48M | 15.29M | 8.61M |
| Gross Profit | 8.76M | 7.33M | 9.00M | 8.17M | 5.05M | 2.06M |
| EBITDA | 927.00K | -2.25M | 1.69M | 1.56M | 362.00K | -1.95M |
| Net Income | -2.02M | -2.73M | -182.00K | 1.79M | 149.00K | -2.08M |
Balance Sheet | ||||||
| Total Assets | 42.13M | 40.07M | 37.21M | 27.49M | 19.84M | 13.36M |
| Cash, Cash Equivalents and Short-Term Investments | 1.97M | 1.96M | 5.16M | 3.10M | 5.74M | 1.40M |
| Total Debt | 9.27M | 7.98M | 6.12M | 6.44M | 5.16M | 6.09M |
| Total Liabilities | 21.71M | 19.17M | 14.81M | 11.52M | 7.69M | 10.52M |
| Stockholders Equity | 20.42M | 20.90M | 22.40M | 15.96M | 12.15M | 2.84M |
Cash Flow | ||||||
| Free Cash Flow | 6.99M | 521.00K | 3.34M | -3.50M | -1.67M | -2.33M |
| Operating Cash Flow | 7.50M | 1.20M | 4.27M | 1.02M | 851.00K | -612.00K |
| Investing Cash Flow | -6.82M | -6.48M | -7.35M | -4.53M | -2.49M | -1.72M |
| Financing Cash Flow | -1.45M | 2.19M | 5.23M | 72.00K | 5.40M | 1.39M |
Ensilica PLC Technical Analysis
Positive
49.00
Price Trends
49.41
Negative
45.14
Positive
43.75
Positive
Market Momentum
-0.37
Positive
48.80
Neutral
63.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ENSI, the sentiment is Positive. The current price of 49 is above the 20-day moving average (MA) of 48.38, below the 50-day MA of 49.41, and above the 200-day MA of 43.75, indicating a neutral trend. The MACD of -0.37 indicates Positive momentum. The RSI at 48.80 is Neutral, neither overbought nor oversold. The STOCH value of 63.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ENSI.
Ensilica PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £52.58M | 10.81 | 17.36% | 4.20% | 5.46% | 12.34% | |
75 Outperform | £466.28M | 27.44 | 26.93% | ― | 121.45% | 345.83% | |
69 Neutral | £175.33M | 18.51 | 12.09% | 0.95% | 22.72% | -8.82% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | £58.35M | -18.64 | -9.80% | ― | -28.03% | -1213.04% | |
54 Neutral | £210.88M | -4.02 | -31.21% | ― | -16.33% | -448.12% | |
52 Neutral | £37.37M | 5.88 | 2.29% | 3.67% | -21.33% | -11.35% |
* Technology Sector Average
GB:ENSI
Ensilica PLC
49.50
17.00
52.31%
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Ensilica PLC Corporate Events
Business Operations and StrategyFinancial Disclosures
EnSilica Sets Date for Half-Year Results and Investor Webcast
Neutral
Jan 21, 2026
EnSilica plc has announced it will publish its unaudited half-year results for the six months to 30 November 2025 on 3 February 2026, providing the market with an interim update on trading and operational performance. Management will present the n...
Business Operations and StrategyFinancial Disclosures
EnSilica Delivers Strong H1 2026 Growth and Reaffirms Robust Full-Year Outlook
Positive
Jan 7, 2026
EnSilica reported strong trading for the first half of its 2026 financial year, with revenue expected to rise more than 35% to about £12.7 million and EBITDA swinging from a small loss to a profit of roughly £1.7 million, driven by robus...
Business Operations and StrategyFinancial Disclosures
EnSilica Reports Strategic Progress and Strong Market Momentum
Positive
Nov 27, 2025
EnSilica plc reported strategic progress in the past year, securing six new ASIC design wins and nearly doubling its chip-supply revenue, despite a decline in overall revenues due to project delays. The company is experiencing strong commercial mo...
Business Operations and StrategyProduct-Related Announcements
EnSilica Secures $1.4M Order for Satellite Payload ASIC Development
Positive
Nov 24, 2025
EnSilica plc has secured a $1.4 million purchase order for the next phase of developing a satellite payload ASIC for a global satellite service operator. This order, which follows a feasibility study, will contribute to the company’s FY26 re...
Business Operations and StrategyProduct-Related Announcements
EnSilica Secures £5M Contract for Quantum Resilient Processor Development
Positive
Nov 13, 2025
EnSilica plc has secured a £5 million ‘Contract for Innovation’ from the UK Government’s Department for Science, Innovation Technology to develop a quantum resilient secure processor chip for critical national infrastructur...
Business Operations and StrategyFinancial Disclosures
EnSilica PLC Reports Strong Contract Momentum Amid Revenue Decline
Positive
Nov 4, 2025
EnSilica PLC reported its audited results for the year ending May 31, 2025, highlighting robust contract momentum despite a decline in overall revenues to £18.2 million from the previous year. The company saw a significant increase in chip su...
Business Operations and Strategy
EnSilica Announces Project Milestones and New Contract Wins
Positive
Nov 3, 2025
EnSilica plc has announced significant progress in its customer projects and new contract wins, indicating strong operational execution and a robust pipeline. The company has secured over £1.6 million in new contracts, including feasibility s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.