Ensilica PLC (ENSI) AI Stock Analysis

• Market Cap: £47.33M
• Dividend Yield: N/A
• Average Volume (3M): 488.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: -28.03%
• EPS Growth: -1213.04%
• Country: US
• Employees: 168
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.02
• Shares Outstanding: 96,600,640
• 10 Day Avg. Volume: 486,055
• 30 Day Avg. Volume: 488,798
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.38
• Price to Sales (P/S): 1.58
• P/FCF Ratio: 55.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: 50.00p ▲(2.04% Upside)

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.

Manageable leverage and solid equity base

Low leverage and a >50% equity ratio grant financial flexibility over the medium term. This balance-sheet profile reduces near-term refinancing risk, supports continued R&D investment, and gives management room to pursue strategic partnerships or restructuring without immediate solvency pressure.

Diversified IP-driven business model

Multiple revenue streams—custom silicon, licensing, and design services—create durable, higher-margin opportunities and recurring income potential. Focus on low-power telecom and automotive markets aligns with long-term secular demand, supporting sustainable addressable market growth.

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.

Ongoing operating losses

Negative net margins and a reported negative ROE indicate capital is being consumed rather than generated. Persistent losses erode the equity base and force reliance on external financing, constraining strategic options and increasing vulnerability if market conditions or customer demand worsen.

Severely deteriorating free cash flow

A >100% decline in FCF and low cash conversion mean limited internal funding for capex, R&D, or working capital. Persistently weak FCF raises refinancing risk, may force dilution or higher-cost debt, and constrains the company’s ability to execute long-term product and market strategies.

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 corporations and original equipment manufacturers, automotive Tier 1 suppliers, industrial enterprises, large software companies, and service providers developing proprietary hardware, as well as industrial, healthcare, and communications markets through representatives and distributors. The company was incorporated in 2001 and is headquartered in Abingdon, the United Kingdom.

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 innovative IP cores to other semiconductor firms, which represents a significant portion of its revenue. Additionally, Ensilica may engage in strategic partnerships with technology companies and manufacturers to co-develop products, further enhancing its market reach and profitability. The firm's focus on high-demand sectors such as telecommunications and automotive technology, coupled with its expertise in low-power design, positions it well to capture value in a rapidly evolving market.

Ensilica PLC Financial Statement Overview

Summary

Weak fundamentals: revenue growth is sharply negative (-27.22%) and profitability is loss-making (net margin -14.99%) with negative EBIT/EBITDA margins. Balance sheet leverage is manageable (debt-to-equity 0.38; equity ratio 52.16%), but negative ROE (-13.04%) and deteriorating free cash flow (FCF growth -123.82%) weigh heavily.

Income Statement

Ensilica PLC's income statement shows a concerning trend with declining revenue and profitability. The revenue growth rate is negative at -27.22%, indicating a significant drop in sales. The company also reported a negative net profit margin of -14.99%, reflecting ongoing losses. The gross profit margin stands at 40.32%, which is relatively healthy, but the negative EBIT and EBITDA margins highlight operational inefficiencies.

Balance Sheet

The balance sheet reveals a moderate financial position. The debt-to-equity ratio is 0.38, suggesting manageable leverage. However, the return on equity is negative at -13.04%, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is 52.16%, showing a solid equity base relative to total assets.

Cash Flow

Cash flow analysis indicates challenges in cash generation. The free cash flow growth rate is negative at -123.82%, reflecting a substantial decline in free cash flow. The operating cash flow to net income ratio is 0.44, suggesting that cash generation from operations is not keeping pace with net income. The free cash flow to net income ratio is also low at 0.19, indicating limited cash available after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.18M	18.18M	25.27M	20.48M	15.29M	8.61M
Gross Profit	7.33M	7.33M	9.00M	8.17M	5.05M	2.06M
EBITDA	-1.49M	-2.25M	1.69M	1.56M	362.00K	-1.95M
Net Income	-2.73M	-2.73M	-182.00K	1.79M	149.00K	-2.08M
Balance Sheet
Total Assets	40.07M	40.07M	37.21M	27.49M	19.84M	13.36M
Cash, Cash Equivalents and Short-Term Investments	1.96M	1.96M	5.16M	3.10M	5.74M	1.40M
Total Debt	7.98M	7.98M	6.12M	6.44M	5.16M	6.09M
Total Liabilities	19.17M	19.17M	14.81M	11.52M	7.69M	10.52M
Stockholders Equity	20.90M	20.90M	22.40M	15.96M	12.15M	2.84M
Cash Flow
Free Cash Flow	1.04M	521.00K	3.34M	-3.50M	-1.67M	-2.33M
Operating Cash Flow	1.72M	1.20M	4.27M	1.02M	851.00K	-612.00K
Investing Cash Flow	-6.48M	-6.48M	-7.35M	-4.53M	-2.49M	-1.72M
Financing Cash Flow	2.19M	2.19M	5.23M	72.00K	5.40M	1.39M

Ensilica PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 49.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 48.36, above the 50-day MA of 41.30, and above the 200-day MA of 40.35, indicating a bullish trend. The MACD of 1.83 indicates Positive momentum. The RSI at 68.25 is Neutral, neither overbought nor oversold. The STOCH value of 55.24 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ING	77 Outperform	£15.02M	8.10	28.74%	5.18%	―	―
OXIG	76 Outperform	£1.42B	105.21	4.64%	1.09%	-5.39%	-73.52%
CNC	69 Neutral	£227.04M	46.77	12.29%	0.95%	22.72%	-8.82%
CML	66 Neutral	£41.85M	35.44	2.28%	3.67%	-21.33%	-11.35%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ENSI	55 Neutral	£47.33M	-16.95	-9.74%	―	-28.03%	-1213.04%
IQE	51 Neutral	£74.84M	-1.51	-37.55%	―	-24.75%	-110.79%

Ensilica PLC Corporate Events

EnSilica Sets Date for Half-Year Results and Investor Webcast

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 numbers and take questions in an online investor presentation on 5 February 2026 via the Investor Meet Company platform, signalling an ongoing push to engage retail and institutional shareholders and increase transparency around the group’s progress and outlook.

The most recent analyst rating on (GB:ENSI) stock is a Hold with a £50.00 price target. To see the full list of analyst forecasts on Ensilica PLC stock, see the GB:ENSI Stock Forecast page.

EnSilica Delivers Strong H1 2026 Growth and Reaffirms Robust Full-Year Outlook

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 robust non-recurring engineering activity and growing recurring chip supply revenues. The company highlighted increasing traction in high-growth, technology-led end markets such as satellite communications and secure, long-lifecycle systems, underpinned by demand for its post-quantum cryptography-ready security IP, and reiterated full-year guidance of £28–30 million in revenue and £3.5–4.5 million in EBITDA, with most revenue already contracted and a path outlined toward positive monthly cash generation by the end of 2026, underscoring improving visibility and long-term growth prospects for stakeholders.

The most recent analyst rating on (GB:ENSI) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Ensilica PLC stock, see the GB:ENSI Stock Forecast page.

EnSilica Reports Strategic Progress and Strong Market Momentum

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 momentum with a growing pipeline in satellite communications and industrial sectors, and has achieved significant milestones, including surpassing 10 million ASICs shipped for a premium automotive OEM. EnSilica’s recent contract wins and government projects, such as developing a quantum-resilient secure processor, bolster its market position and provide confidence in meeting future revenue forecasts.

The most recent analyst rating on (GB:ENSI) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Ensilica PLC stock, see the GB:ENSI Stock Forecast page.

EnSilica Secures $1.4M Order for Satellite Payload ASIC Development

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 revenue and could be worth several million dollars over the following years if the program progresses as expected. The order underscores EnSilica’s position as a leading independent supplier of complex payload communication ASICs, highlighting its expertise in advanced digital signal processing and Radio Frequency technologies.

The most recent analyst rating on (GB:ENSI) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Ensilica PLC stock, see the GB:ENSI Stock Forecast page.

EnSilica Secures £5M Contract for Quantum Resilient Processor Development

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 infrastructure. This project, aligned with the UK’s semiconductor strategy, will enhance cybersecurity by integrating CHERI technology and Post Quantum Cryptography, targeting markets such as defense, industrial, automotive, and aerospace. The initiative is expected to bolster EnSilica’s market position and contribute to the UK’s technological resilience.

The most recent analyst rating on (GB:ENSI) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Ensilica PLC stock, see the GB:ENSI Stock Forecast page.

EnSilica PLC Reports Strong Contract Momentum Amid Revenue Decline

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 supply revenues and improved gross profit margins, reflecting a strategic shift in business mix. EnSilica secured multiple high-value contracts across various sectors, including telecommunications, industrial, and automotive, with a total lifetime value exceeding $100 million, which positions the company well for future growth. The company continues to invest in R&D and aims to become cash flow positive by 2026, with medium to long-term revenue targets set at £60 million and £100 million, respectively.

The most recent analyst rating on (GB:ENSI) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Ensilica PLC stock, see the GB:ENSI Stock Forecast page.

EnSilica Announces Project Milestones and New Contract Wins

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 studies and design services, with potential for substantial future revenue. Notably, EnSilica has achieved a milestone of delivering over ten million ASICs for a premium automotive manufacturer, highlighting its capability to scale production and generate recurring revenue. The company’s engagements in the high-growth space communications sector and the development of an enhanced RF vehicle tolling prototype chip further reinforce its market positioning and growth prospects.

The most recent analyst rating on (GB:ENSI) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Ensilica PLC stock, see the GB:ENSI Stock Forecast page.