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INDIE SEMICONDUCTOR INC-A (INDI) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:INDI - US45569U1016 - Common Stock

4.62 USD
+0.01 (+0.22%)
Last: 12/5/2025, 8:00:01 PM
4.5178 USD
-0.1 (-2.21%)
After Hours: 12/5/2025, 8:00:01 PM
Fundamental Rating

3

Overall INDI gets a fundamental rating of 3 out of 10. We evaluated INDI against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of INDI have multiple concerns. INDI is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

INDI had negative earnings in the past year.
In the past year INDI has reported a negative cash flow from operations.
INDI had negative earnings in each of the past 5 years.
In the past 5 years INDI always reported negative operating cash flow.
INDI Yearly Net Income VS EBIT VS OCF VS FCFINDI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 -50M -100M -150M

1.2 Ratios

INDI has a worse Return On Assets (-16.89%) than 78.57% of its industry peers.
With a Return On Equity value of -39.13%, INDI is not doing good in the industry: 83.04% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -16.89%
ROE -39.13%
ROIC N/A
ROA(3y)-11.88%
ROA(5y)-66.42%
ROE(3y)-23.99%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
INDI Yearly ROA, ROE, ROICINDI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200

1.3 Margins

INDI has a Gross Margin of 41.26%. This is comparable to the rest of the industry: INDI outperforms 46.43% of its industry peers.
INDI's Gross Margin has improved in the last couple of years.
INDI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 41.26%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.79%
GM growth 5Y6.21%
INDI Yearly Profit, Operating, Gross MarginsINDI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

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3

2. Health

2.1 Basic Checks

INDI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for INDI has been increased compared to 1 year ago.
INDI has more shares outstanding than it did 5 years ago.
INDI has a worse debt/assets ratio than last year.
INDI Yearly Shares OutstandingINDI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 50M 100M 150M
INDI Yearly Total Debt VS Total AssetsINDI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

Based on the Altman-Z score of 0.26, we must say that INDI is in the distress zone and has some risk of bankruptcy.
INDI has a Altman-Z score of 0.26. This is in the lower half of the industry: INDI underperforms 75.89% of its industry peers.
A Debt/Equity ratio of 0.92 indicates that INDI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.92, INDI is doing worse than 85.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Altman-Z 0.26
ROIC/WACCN/A
WACC9.76%
INDI Yearly LT Debt VS Equity VS FCFINDI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M

2.3 Liquidity

INDI has a Current Ratio of 3.75. This indicates that INDI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.75, INDI is in the better half of the industry, outperforming 61.61% of the companies in the same industry.
A Quick Ratio of 3.18 indicates that INDI has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.18, INDI is in the better half of the industry, outperforming 63.39% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.75
Quick Ratio 3.18
INDI Yearly Current Assets VS Current LiabilitesINDI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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6

3. Growth

3.1 Past

INDI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
INDI shows a decrease in Revenue. In the last year, the revenue decreased by -4.99%.
INDI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 57.02% yearly.
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%22.22%
Revenue 1Y (TTM)-4.99%
Revenue growth 3Y64.81%
Revenue growth 5Y57.02%
Sales Q2Q%-0.54%

3.2 Future

INDI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 37.42% yearly.
INDI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.61% yearly.
EPS Next Y21.61%
EPS Next 2Y38.21%
EPS Next 3Y37.42%
EPS Next 5YN/A
Revenue Next Year-0.18%
Revenue Next 2Y13.98%
Revenue Next 3Y20.61%
Revenue Next 5YN/A

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
INDI Yearly Revenue VS EstimatesINDI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
INDI Yearly EPS VS EstimatesINDI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 -0.4

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1

4. Valuation

4.1 Price/Earnings Ratio

INDI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for INDI. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
INDI Price Earnings VS Forward Price EarningsINDI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
INDI Per share dataINDI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 1.5

4.3 Compensation for Growth

A more expensive valuation may be justified as INDI's earnings are expected to grow with 37.42% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.21%
EPS Next 3Y37.42%

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0

5. Dividend

5.1 Amount

INDI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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INDIE SEMICONDUCTOR INC-A

NASDAQ:INDI (12/5/2025, 8:00:01 PM)

After market: 4.5178 -0.1 (-2.21%)

4.62

+0.01 (+0.22%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-06 2025-11-06/amc
Earnings (Next)02-18 2026-02-18/amc
Inst Owners101%
Inst Owner Change4.1%
Ins Owners1.37%
Ins Owner Change-17.92%
Market Cap1.01B
Revenue(TTM)217.40M
Net Income(TTM)-144.46M
Analysts80
Price Target6.27 (35.71%)
Short Float %26.34%
Short Ratio11.12
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.1%
Min EPS beat(2)-14.38%
Max EPS beat(2)0.18%
EPS beat(4)3
Avg EPS beat(4)-1.56%
Min EPS beat(4)-14.38%
Max EPS beat(4)4.3%
EPS beat(8)5
Avg EPS beat(8)-4.7%
EPS beat(12)7
Avg EPS beat(12)-4.4%
EPS beat(16)11
Avg EPS beat(16)-1.21%
Revenue beat(2)0
Avg Revenue beat(2)-2.05%
Min Revenue beat(2)-2.55%
Max Revenue beat(2)-1.54%
Revenue beat(4)0
Avg Revenue beat(4)-2.38%
Min Revenue beat(4)-3.13%
Max Revenue beat(4)-1.54%
Revenue beat(8)0
Avg Revenue beat(8)-3.64%
Revenue beat(12)0
Avg Revenue beat(12)-2.89%
Revenue beat(16)1
Avg Revenue beat(16)-2.32%
PT rev (1m)-1.15%
PT rev (3m)3.61%
EPS NQ rev (1m)-100%
EPS NQ rev (3m)-140%
EPS NY rev (1m)-8.5%
EPS NY rev (3m)-8.5%
Revenue NQ rev (1m)-4.89%
Revenue NQ rev (3m)-8.35%
Revenue NY rev (1m)-2.51%
Revenue NY rev (3m)-2.51%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.67
P/FCF N/A
P/OCF N/A
P/B 2.75
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.3
EYN/A
EPS(NY)-0.03
Fwd EYN/A
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)-0.23
OCFYN/A
SpS0.99
BVpS1.68
TBVpS-0.57
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -16.89%
ROE -39.13%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 41.26%
FCFM N/A
ROA(3y)-11.88%
ROA(5y)-66.42%
ROE(3y)-23.99%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.79%
GM growth 5Y6.21%
F-Score3
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 40.98%
Cap/Sales 6.94%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.75
Quick Ratio 3.18
Altman-Z 0.26
F-Score3
WACC9.76%
ROIC/WACCN/A
Cap/Depr(3y)43.84%
Cap/Depr(5y)44.77%
Cap/Sales(3y)6.65%
Cap/Sales(5y)6.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%22.22%
EPS Next Y21.61%
EPS Next 2Y38.21%
EPS Next 3Y37.42%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.99%
Revenue growth 3Y64.81%
Revenue growth 5Y57.02%
Sales Q2Q%-0.54%
Revenue Next Year-0.18%
Revenue Next 2Y13.98%
Revenue Next 3Y20.61%
Revenue Next 5YN/A
EBIT growth 1Y4.49%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year28.33%
EBIT Next 3Y42.91%
EBIT Next 5YN/A
FCF growth 1Y45.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y53.27%
OCF growth 3YN/A
OCF growth 5YN/A

INDIE SEMICONDUCTOR INC-A / INDI FAQ

What is the ChartMill fundamental rating of INDIE SEMICONDUCTOR INC-A (INDI) stock?

ChartMill assigns a fundamental rating of 3 / 10 to INDI.


What is the valuation status of INDIE SEMICONDUCTOR INC-A (INDI) stock?

ChartMill assigns a valuation rating of 1 / 10 to INDIE SEMICONDUCTOR INC-A (INDI). This can be considered as Overvalued.


What is the profitability of INDI stock?

INDIE SEMICONDUCTOR INC-A (INDI) has a profitability rating of 1 / 10.


Can you provide the financial health for INDI stock?

The financial health rating of INDIE SEMICONDUCTOR INC-A (INDI) is 3 / 10.


What is the expected EPS growth for INDIE SEMICONDUCTOR INC-A (INDI) stock?

The Earnings per Share (EPS) of INDIE SEMICONDUCTOR INC-A (INDI) is expected to grow by 21.61% in the next year.