Ensilica PLC (GB:ENSI)
LSE:ENSI
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Ensilica PLC
(LSE:ENSI)
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Rating:50Neutral
Price Target:
68.00 p
▲(38.78% Upside)
Action:ReiteratedDate:04/19/26
The score is held down primarily by weak financial performance (declining revenue, losses, and deteriorating free cash flow). Technicals are a partial offset due to strong trend strength versus key moving averages and positive MACD, but extreme overbought signals increase near-term risk. Valuation remains constrained by negative earnings (negative P/E) and no dividend support.
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
£76.86M
Dividend YieldN/A
Average Volume (3M)488.80K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth-13.38%
EPS Growth9.48%
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)£28.25M
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 primarily makes money by providing design services and delivering chip-related IP as a fabless semiconductor designer. Key revenue streams typically include: (1) Non-recurring engineering (NRE) and development fees: customers pay for proj...
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
49.71
Positive
46.28
Positive
44.34
Positive
Market Momentum
1.96
Negative
86.08
Negative
91.66
Negative
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 below the 20-day moving average (MA) of 49.78, below the 50-day MA of 49.71, and above the 200-day MA of 44.34, indicating a bullish trend. The MACD of 1.96 indicates Negative momentum. The RSI at 86.08 is Negative, neither overbought nor oversold. The STOCH value of 91.66 is Negative, 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 | £57.75M | 10.81 | 17.36% | 4.20% | 9.45% | 13.01% | |
75 Outperform | £593.85M | 27.44 | 26.93% | ― | 31.56% | -4.41% | |
67 Neutral | £206.21M | 37.82 | 12.09% | 0.95% | 13.75% | 6.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | £212.27M | -4.02 | -31.21% | ― | -7.62% | 5.48% | |
52 Neutral | £39.44M | 5.88 | 2.29% | 3.67% | -21.33% | -11.35% | |
50 Neutral | £76.86M | -18.64 | -9.80% | ― | -13.38% | 9.48% |
* Technology Sector Average
GB:ENSI
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65.20
31.20
91.76%
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Ensilica PLC Corporate Events
Business Operations and StrategyDelistings and Listing Changes
EnSilica Begins Cross-Trading on U.S. OTCQX to Broaden Investor Reach
Positive
Apr 15, 2026
EnSilica has secured approval for its ordinary shares to begin cross-trading on the U.S. OTCQX Best Market under the ticker ENSIF, while retaining its primary listing on AIM in London under ENSI. The move is intended to broaden access for U.S. inv...
Private Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
EnSilica Clears Fundraising at General Meeting and Gains New Major Investor
Positive
Apr 7, 2026
EnSilica has confirmed that all resolutions at its general meeting were approved, allowing the second tranche of its placing and associated retail offer to complete, with admission of the new shares to trading on AIM expected on 8 April 2026. The ...
Regulatory Filings and Compliance
EnSilica Confirms Total Voting Rights at 106.3 Million Shares
Neutral
Mar 31, 2026
EnSilica plc has confirmed that its issued share capital currently consists of 106,260,699 ordinary shares of 0.1 pence each, with one voting right attached to every share. The company holds no shares in treasury, meaning the total number of ordin...
Business Operations and Strategy
EnSilica joins UK CHERI Adoption Collective to tackle cyber resilience
Positive
Mar 31, 2026
EnSilica has been selected as one of three semiconductor supply chain partners in the newly formed CHERI Adoption Collective, launched by PA Consulting with the UK Department for Science, Innovation Technology. The initiative brings together majo...
Business Operations and StrategyDelistings and Listing Changes
EnSilica Seeks OTCQB Cross-Listing to Reach North American Investors
Positive
Mar 30, 2026
EnSilica plc has applied for its ordinary shares to be cross-traded on the OTCQB Venture Market in the United States, aiming to make it easier for North American investors to access and trade the stock. The shares will remain primarily listed on A...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
EnSilica Secures £10m in Oversubscribed Fundraising to Back Growth
Positive
Mar 18, 2026
EnSilica has conditionally raised approximately £10 million through a placing, subscription and oversubscribed retail offer at 47 pence per share, following strong demand from institutional and existing retail investors. The retail element al...
Business Operations and StrategyPrivate Placements and Financing
EnSilica Shareholders Diluted as First Tranche of Placing Completes
Positive
Mar 17, 2026
EnSilica plc has reported changes in significant shareholdings following completion of the first tranche of a previously announced placing, which has diluted existing stakes in the company. Major shareholders including chief executive Ian Lankshea...
Business Operations and StrategyPrivate Placements and Financing
EnSilica launches £0.3m retail offer alongside £9.7m fundraise
Positive
Mar 13, 2026
EnSilica plc has launched a retail offer via the BookBuild platform to raise up to £0.3m by issuing up to 638,297 new ordinary shares at 47 pence each to existing U.K. shareholders through participating intermediaries. The move sits alongside...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
EnSilica Secures £9.7m in Oversubscribed Placing to Fund Growth Push
Positive
Mar 13, 2026
EnSilica has raised approximately £9.7 million gross through a significantly oversubscribed equity placing and subscription at 47 pence per share, targeting both new and existing institutional investors. The fundraising is split into two tran...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
EnSilica launches £10m equity raise to accelerate chip supply growth
Positive
Mar 12, 2026
EnSilica plans to raise up to £10 million through a placing, subscription and separate retail offer of up to 21.3 million new shares at 47p, aimed at institutional and existing UK retail investors. The fundraising is structured in two tranche...
Business Operations and StrategyFinancial Disclosures
EnSilica Wins New Healthcare Chip Deals and Extends Major Automotive Programme
Positive
Mar 10, 2026
EnSilica has won a US$1.6 million contract with a UK-listed life-sciences technology group to design and manufacture a next-generation chip for advanced analysis systems, and a US$200,000 fully funded feasibility study with a U.S. healthcare firm ...
Business Operations and StrategyPrivate Placements and Financing
EnSilica Targets Fresh UK Space Agency Funding as LEO Chip Demand Surges
Positive
Mar 4, 2026
EnSilica plc highlighted new UK Space Agency plans to deploy an additional £30 million under its Connectivity in Low Earth Orbit programme, which aims to help domestic firms capture a larger share of the £40 billion global satellite comm...
Business Operations and StrategyProduct-Related Announcements
EnSilica Reaches Key Tape-Out Milestone on Siemens ASIC Ahead of Schedule
Positive
Feb 5, 2026
EnSilica plc has achieved the production tape-out milestone on the ASIC it is developing under its design and supply contract with Siemens AG, marking the completion of the design phase and the transfer of final data to the foundry for tooling and...
Business Operations and StrategyFinancial Disclosures
EnSilica Delivers Record Half-Year as Recurring Chip Revenues and Government Wins Bolster Growth
Positive
Feb 3, 2026
EnSilica reported record unaudited first-half results for the six months to 30 November 2025, with revenue up 37% year-on-year to £12.7 million and chip supply revenue rising 34% to £3.9 million, marking a transition from a consultancy-l...
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...
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.