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ENSI.L LSE

EnSilica plc
1W: +0.0% 1M: +6.9% 3M: -20.0% YTD: +51.0% 1Y: +74.1% 3Y: +13.0%
£75.88 ($1.00)
+3.88 (+5.39%)
 
Weekly Expected Move ±8.1%
£62 £68 £74 £80 £86
LSE · Technology · Semiconductors · Tech Score Neutral · Power 45 · £99.3M mcap · 58M float · 1.76% daily turnover
Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings
Analysis Technicals Weather Peers ETF Exposure

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C-
Oct 02, 2026
DCF
1
ROE
1
ROA
1
D/E
1
P/E
1
P/B
4
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. ENSI.L receives an overall rating of C-. Strongest factors: P/B (4/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5).
Rating Change History
DateFromTo
2026-10-01 C C-
2026-08-18 C- C
2026-08-10 C C-
2026-05-20 C- C
2026-05-18 C C-
2026-05-08 C+ C
2026-05-07 B- C+
2026-04-28 C+ B-
2026-04-07 None ADDED
2026-04-07 EXISTED None

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 37 Grade D
Profitability
13
Balance Sheet
37
Earnings Quality
20
Growth
52
Value
23
Momentum
50
Safety
50
Cash Flow
45
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. ENSI.L scores highest in Growth (52/100) and lowest in Profitability (13/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score
2.11
Grey Zone
Piotroski F-Score
5/9
✗ ✓ ✗ ✓ ✓ ✗ ✗ ✓ ✓
Beneish M-Score
-2.76
Unlikely Manipulator
Ohlson O-Score
-5.22
Bankruptcy prob: 0.5%
Low Risk
Credit Rating
BB-
Score: 37.6/100
Trend: Deteriorating
Earnings Quality
—
OCF/NI: -1.69x
Accruals: -23.2%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. ENSI.L scores 2.11, placing it in the Grey Zone (safe > 2.99, distress < 1.81). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. ENSI.L scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. ENSI.L's score of -2.76 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. ENSI.L's implied 0.5% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. ENSI.L receives an estimated rating of BB- (score: 37.6/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
-35.24x
PEG
3.96x
P/S
4.59x
P/B
3.50x
P/FCF
8.72x
P/OCF
6.78x
EV/EBITDA
200.74x
EV/Revenue
0.91x
EV/EBIT
-22.39x
EV/FCF
10.29x
Earnings Yield
-8.73%
FCF Yield
11.47%
Shareholder Yield
0.00%
Graham Number
—
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. ENSI.L currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.810
NI / EBT
×
Interest Burden
2.043
EBT / EBIT
×
EBIT Margin
-0.040
EBIT / Rev
×
Asset Turnover
1.286
Rev / Assets
×
Equity Multiplier
1.833
Assets / Equity
=
ROE
-15.8%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. ENSI.L's ROE of -15.8% is driven by Asset Turnover (1.286), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
—
Price/Value
—
Margin of Safety
—
Premium
—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1074 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$74.00
Median 1Y
$67.32
5th Pctile
$25.21
95th Pctile
$181.36
Ann. Volatility
60.4%
25th–75th percentile 5th–95th percentile Median path Historical
All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
ROE 2.6% 5.1% 13.2% 15.9% 9.3% 0.5% -15.8% -15.78%
ROA 1.6% 2.8% 7.7% 9.3% 5.6% 0.3% -8.6% -8.61%
ROIC 6.5% 4.7% 7.2% 7.1% 5.6% 1.9% -7.4% -7.36%
ROCE 5.3% 5.6% 7.9% 8.2% 6.1% 2.5% -7.0% -6.99%
Gross Margin 38.3% 42.5% 38.0% 43.9% 30.6% 37.2% 43.6% 43.62%
Operating Margin 11.4% 1.6% 5.7% 0.6% 4.9% -9.1% -28.1% -28.08%
Net Margin 3.8% 3.7% 12.4% 5.4% -4.4% -12.9% -17.1% -17.12%
EBITDA Margin 10.8% 7.7% 7.6% 5.3% 7.5% -7.9% -8.5% -8.53%
FCF Margin -28.0% -36.9% -20.3% -7.5% -1.6% 2.5% 8.8% 8.80%
OCF Margin -6.9% -14.3% 1.6% 10.7% 10.4% 9.6% 11.3% 11.31%
ROIC Economic snapshot only -7.08%
Cash ROA snapshot only 12.27%
Cash ROIC snapshot only 18.26%
CROIC snapshot only 14.21%
NOPAT Margin snapshot only -4.56%
Pretax Margin snapshot only -8.26%
R&D / Revenue snapshot only 15.94%
SGA / Revenue snapshot only 43.36%
SBC / Revenue snapshot only 0.56%
Valuation
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
P/E Ratio 120.99 98.25 25.01 16.97 22.14 427.52 -11.46 -35.238
P/S Ratio 4.56 3.69 1.83 1.16 0.78 0.81 0.77 4.590
P/B Ratio 3.13 4.97 3.30 2.69 1.59 1.68 1.59 3.503
P/FCF -16.30 -10.01 -9.03 -15.47 -49.71 31.91 8.72 8.715
P/OCF — — 117.55 10.79 7.52 8.48 6.78 6.779
EV/EBITDA 41.38 43.46 22.71 16.27 11.26 22.92 200.74 200.741
EV/Revenue 4.49 4.02 1.94 1.26 0.80 0.92 0.91 0.906
EV/EBIT 42.32 65.46 32.64 27.22 21.47 59.96 -22.39 -22.393
EV/FCF -16.05 -10.90 -9.60 -16.81 -51.05 36.11 10.29 10.289
Earnings Yield 0.8% 1.0% 4.0% 5.9% 4.5% 0.2% -8.7% -8.73%
FCF Yield -6.1% -10.0% -11.1% -6.5% -2.0% 3.1% 11.5% 11.47%
PEG Ratio snapshot only 3.959
EV/OCF snapshot only 8.004
EV/Gross Profit snapshot only 2.409
Shareholder Yield snapshot only 0.00%
Leverage & Solvency
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
Current Ratio 3.32 2.44 2.16 1.52 1.73 1.41 0.93 0.930
Quick Ratio 3.25 2.15 2.11 1.47 1.65 1.33 0.90 0.900
Debt/Equity 0.42 0.55 0.40 0.36 0.27 0.34 0.38 0.382
Net Debt/Equity -0.05 0.44 0.21 0.23 0.04 0.22 0.29 0.288
Debt/Assets 0.26 0.30 0.23 0.21 0.16 0.20 0.20 0.199
Debt/EBITDA 5.71 4.40 2.61 2.00 1.88 4.17 40.72 40.719
Net Debt/EBITDA -0.64 3.53 1.36 1.30 0.30 2.67 30.70 30.704
Interest Coverage 3.36 1.68 1.64 1.25 1.00 0.38 -0.96 -0.959
Equity Multiplier 1.63 1.82 1.72 1.70 1.66 1.72 1.92 1.917
Cash Ratio snapshot only 0.132
Debt Service Coverage snapshot only 0.107
Cash to Debt snapshot only 0.246
FCF to Debt snapshot only 0.479
Defensive Interval snapshot only 229.0 days
Efficiency & Turnover
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
Asset Turnover 0.42 0.74 1.05 1.37 1.60 1.51 1.29 1.286
Inventory Turnover 23.93 8.60 57.40 60.82 59.04 28.49 72.99 72.993
Receivables Turnover 5.41 10.19 7.40 28.13 27.86 27.53 8.90 8.903
Payables Turnover 5.60 6.84 7.31 11.12 12.94 18.64 10.57 10.566
DSO 67 36 49 13 13 13 41 41.0 days
DIO 15 42 6 6 6 13 5 5.0 days
DPO 65 53 50 33 28 20 35 34.5 days
Cash Conversion Cycle 18 25 6 -14 -9 6 11 11.5 days
Fixed Asset Turnover snapshot only 12.881
Operating Cycle snapshot only 46.0 days
Cash Velocity snapshot only 22.134
Capital Intensity snapshot only 0.922
Growth (YoY)
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
Revenue — — — — 4.5% 1.7% 50.8% 50.80%
Net Income — — — — 4.1% -86.2% -2.4% -2.38%
EPS — — — — 3.9% -86.3% -2.1% -2.10%
FCF — — — — 69.2% 1.2% 1.7% 1.66%
EBITDA — — — — 2.6% 18.7% -92.1% -92.05%
Op. Income — — — — 74.3% -38.4% -2.4% -2.42%
OCF Growth snapshot only 9.97%
Asset Growth snapshot only 45.79%
Equity Growth snapshot only 30.93%
Debt Growth snapshot only 23.89%
Shares Change snapshot only 25.65%
Growth Quality
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
Revenue Stability — — — — — — — —
Earnings Stability — — — — — — — —
Margin Stability — — — — — — — —
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.50 0.50 0.500
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0 0 0 0 0
Earnings Persistence — — — — — — — —
Earnings Smoothness — — — — 0.00 0.00 — —
ROE Trend — — — — — — — —
Gross Margin Trend — — — — — — — —
FCF Margin Trend — — — — — — — —
Sustainable Growth Rate 2.6% 5.1% 13.2% 15.9% 9.3% 0.5% — —
Internal Growth Rate 1.6% 2.9% 8.3% 10.3% 6.0% 0.3% — —
Cash Flow Quality
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
OCF/Net Income -1.83 -3.80 0.21 1.57 2.94 50.41 -1.69 -1.691
FCF/OCF 4.05 2.58 -13.02 -0.70 -0.15 0.27 0.78 0.778
FCF/Net Income snapshot only -1.315
OCF/EBITDA snapshot only 25.082
CapEx/Revenue 21.1% 22.6% 21.8% 18.2% 11.9% 8.1% 3.7% 3.70%
CapEx/Depreciation snapshot only 0.823
Accruals Ratio 0.04 0.13 0.06 -0.05 -0.11 -0.14 -0.23 -0.232
Sloan Accruals snapshot only -0.288
Cash Flow Adequacy snapshot only 3.057
Dividends & Buybacks
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% — —
FCF Payout Ratio — — — — — 0.0% 0.0% 0.00%
Total Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% — —
Div. Increase Streak — — — — — — — —
Chowder Number — — — — — — — —
Buyback Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Net Buyback Yield -18.2% -11.1% -16.7% -19.7% -23.4% -25.4% -23.1% -23.13%
Total Shareholder Return -18.2% -11.1% -16.7% -19.7% -23.4% -25.4% -23.1% -23.13%
DuPont Factors
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
Tax Burden (NI/EBT) -4.55 -2.35 -95.73 -7.92 -322.00 -0.08 0.81 0.810
Interest Burden (EBT/EBIT) -0.08 -0.26 -0.01 -0.19 -0.00 -1.63 2.04 2.043
EBIT Margin 0.11 0.06 0.06 0.05 0.04 0.02 -0.04 -0.040
Asset Turnover 0.42 0.74 1.05 1.37 1.60 1.51 1.29 1.286
Equity Multiplier 1.63 1.82 1.72 1.70 1.65 1.76 1.83 1.833
Per Share
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
EPS (Diluted TTM) $0.00 $0.01 $0.03 $0.03 $0.02 $0.00 $-0.03 $-0.03
Book Value/Share $0.16 $0.15 $0.21 $0.21 $0.28 $0.27 $0.22 $0.21
Tangible Book/Share $0.05 $0.03 $0.05 $0.02 $0.05 $0.27 $-0.02 $-0.02
Revenue/Share $0.11 $0.20 $0.37 $0.48 $0.58 $0.56 $0.45 $0.22
FCF/Share $-0.03 $-0.08 $-0.08 $-0.04 $-0.01 $0.01 $0.04 $0.07
OCF/Share $-0.01 $-0.03 $0.01 $0.05 $0.06 $0.05 $0.05 $0.08
Cash/Share $0.08 $0.02 $0.04 $0.03 $0.07 $0.03 $0.02 $0.02
EBITDA/Share $0.01 $0.02 $0.03 $0.04 $0.04 $0.02 $0.00 $0.00
Debt/Share $0.07 $0.08 $0.08 $0.07 $0.08 $0.09 $0.08 $0.08
Net Debt/Share $-0.01 $0.07 $0.04 $0.05 $0.01 $0.06 $0.06 $0.06
Academic Models
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
Altman Z-Score — — — — — — — 2.114
Altman Z-Prime snapshot only 1.738
Piotroski F-Score 2 2 3 4 6 5 5 5
Beneish M-Score — — — — -1.50 -3.27 -2.76 -2.759
Ohlson O-Score snapshot only -5.217
Net-Net WC snapshot only $-0.05
EVA snapshot only $-4673910.00
Credit
Metric Trend Q4'21 Q2'22 Q4'22 Q2'23 Q4'23 Q2'24 Q4'24 Current
Credit Rating snapshot only BB-
Credit Score 61.96 54.47 60.99 58.90 51.73 47.32 37.58 37.581
Credit Grade snapshot only 13
Credit Trend snapshot only -23.406
Implied Spread (bps) snapshot only 550.000
Industry Credit Rank snapshot only 19
Sector Credit Rank snapshot only 23

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms