EnSilica PLC (ENSI) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of EnSilica PLC £0.22, price £0.78, upside -71.6%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value £0.2201 · Strongly overvalued (−72%)
!Quality 31/100
!Mixed Growth(revenue 5y +23.0 %/yr)
!Loss-making · -9.4% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers(1/11)
!Narrow moat22/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
52‑month range £0.3050 – £1.23 · fair‑value band £0.1801 – £0.3201 · the £0.7750 price screens above the £0.2201 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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EnSilica plc engages in the design and supply of complex mixed signal application specific integrated circuit chips in the United Kingdom, Rest of Europe, and internationally. It provides custom RF, mmWave, mixed signal, and digital ASICs.
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EnSilica plc engages in the design and supply of complex mixed signal application specific integrated circuit chips in the United Kingdom, Rest of Europe, and internationally. It provides custom RF, mmWave, mixed signal, and digital ASICs. The company also offers a portfolio of core IP products covering cryptography, radar, and communications systems; and semiconductor design consultation services. It serves original equipment manufacturers and system houses, as well as automotive, industrial, healthcare, and communication sectors. The company was incorporated in 2001 and is headquartered in Abingdon, the United Kingdom.
Stock analysis
EnSilica PLC (ENSI) currently trades at £0.7750, while our model-based Fair Value estimate is £0.2201, implying the stock looks roughly 252.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £0.1200 per share, and 0 of the 7 models we run sit above the £0.7750 price.
Bear case: the Multiples group reads lowest at £0.0500, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: £0.1801 (bear) to £0.3201 (bull), the price of £0.7750 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
EnSilica PLC reported revenue of 18.2M GBX in FY2025 versus 8.6M GBX in FY2021, a compound +20.6%/yr. Reported net income was −2.7M GBX in FY2025.
Key figures
Market cap 108M GBX · P/S ratio 6.37 · EPS (TTM) £−0.0200 · Net margin −15.0% · Return on equity −9.5% · Return on assets (EBIT) −5.0% · Operating margin 3.5% · Revenue (TTM) £21.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −72%, ENSI screens richer than that median.
Fair Value models
Bear £0.1801Fair Value £0.2201Bull £0.3201
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−28.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.0%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.4%
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−2.7% (2020) → −25.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+55.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +52.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors · 335 stocks
Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−72% · Bottom 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−9% · Bottom 25%
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth37% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/B6.86× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)6.63× · Pricier than median
P/FCF275.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 64
PAST (return on equity)0· sector 24
HEALTH (low debt)95· sector 95
DIVIDEND (yield)0· sector 19
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "EnSilica PLC Fair Value". https://www.fairvalue-calculator.com/stock/ENSI
Frequently asked questions
Is EnSilica PLC (ENSI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of £0.2201 versus a price of £0.7750, about −72% upside (overvalued).
What is the fair value of ENSI?
Our model-based fair value for EnSilica PLC is £0.2201 (as of Sep 24, 2026), built from audited fundamentals. The current price: £0.7750.
What is the quality score of ENSI?
EnSilica PLC has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for EnSilica PLC (ENSI)?
Our model-based price target is the fair value of £0.2201 (as of Sep 24, 2026) from 7 valuation models. Cautious scenario £0.1801, optimistic scenario £0.3201. It is a calculation from audited fundamentals, not an analyst target.
What is the EnSilica PLC stock forecast for 2026?
Our models put fair value at £0.2201, about −72% upside versus a price of £0.7750 (overvalued). Cautious scenario £0.1801, optimistic scenario £0.3201. The calculation is refreshed regularly with new filings.
What is the revenue of EnSilica PLC (ENSI)?
EnSilica PLC reported trailing-twelve-month revenue of about £21.6M (latest available figure, as of Sep 24, 2026).
What growth is priced into EnSilica PLC (ENSI)?
For today's price to be fair in a discounted-cash-flow model, EnSilica PLC would have to grow free cash flow by +55.9 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ENSI use?
Our models discount EnSilica PLC at 12.7 %: a base by market capitalisation (micro), damped by beta 0.81, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For EnSilica PLC that is +55.9 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has EnSilica PLC (ENSI) delivered so far?
Over the past 5 years revenue at EnSilica PLC grew +23.0 % a year. The price currently implies +55.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of EnSilica PLC (ENSI) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into EnSilica PLC (+55.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of EnSilica PLC (ENSI)?
The free-cash-flow yield on the price is 0.80 %: that much free cash flow EnSilica PLC produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of EnSilica PLC (ENSI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EnSilica PLC it is £0.2201 per share (as of Sep 24, 2026), against a price of £0.7750. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is EnSilica PLC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ENSI trades above its calculated fair value: price £0.7750, fair value £0.2201, a gap of about −72% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ENSI?
No. The price is what the market pays today (£0.7750); the fair value is what the company's own numbers justify (£0.2201). For EnSilica PLC the two are £0.5549 per share apart. That gap is exactly why we show both numbers side by side.
How much is EnSilica PLC worth?
The market values EnSilica PLC at about 108M GBX (market capitalisation, as of Sep 24, 2026). Per share that is £0.7750; our models calculate a fair value of £0.2201 per share.
What do the bullish and bearish scenarios say about ENSI?
Our models span a range for EnSilica PLC: cautious scenario £0.1801, base £0.2201, optimistic £0.3201 per share (as of Sep 24, 2026, price £0.7750). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of EnSilica PLC (ENSI)?
Balance-sheet figures for EnSilica PLC (as of Sep 24, 2026): return on equity −9.5%, debt of 0.11 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
Which stocks are comparable to EnSilica PLC?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is EnSilica PLC stock attractive at the current price?
The data as of Sep 24, 2026: price £0.7750, calculated fair value £0.2201 (−72%), Quality Score 31/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ENSI calculated?
We run EnSilica PLC through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £0.2201, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. EnSilica PLC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of EnSilica PLC (ENSI)?
The closing price on Sep 23, 2026 was £0.7750. Our model-based fair value is £0.2201, about −72% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EnSilica PLC right now?
The price sits above even our optimistic bull case (£0.3201). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of EnSilica PLC
How large is the market capitalisation of EnSilica PLC (ENSI)?
The market capitalisation of EnSilica PLC is 108M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EnSilica PLC (ENSI)?
The price-to-sales ratio of EnSilica PLC is 6.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EnSilica PLC (ENSI)?
Earnings per share at EnSilica PLC are £−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of EnSilica PLC (ENSI)?
The net margin of EnSilica PLC is −15.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of EnSilica PLC (ENSI)?
The return on equity (ROE) of EnSilica PLC is −9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of EnSilica PLC (ENSI)?
On an EBIT basis the return on assets of EnSilica PLC is −5.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of EnSilica PLC (ENSI)?
The operating margin of EnSilica PLC is 3.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EnSilica PLC (ENSI)?
Revenue at EnSilica PLC is growing +37.3% versus a year earlier (3y avg +5.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at EnSilica PLC (ENSI)?
Earnings per share at EnSilica PLC are growing +64.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does EnSilica PLC (ENSI) carry?
The net debt of EnSilica PLC is 6.0M GBX (fiscal year 2025, ≈ 11.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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