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INDIE SEMICONDUCTOR INC-A (INDI) Stock Fundamental Analysis

NASDAQ:INDI - Nasdaq - US45569U1016 - Common Stock - Currency: USD

3.83  +0.54 (+16.41%)

After market: 3.86 +0.03 (+0.78%)

Fundamental Rating

3

Overall INDI gets a fundamental rating of 3 out of 10. We evaluated INDI against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. INDI may be in some trouble as it scores bad on both profitability and health. INDI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year INDI has reported negative net income.
In the past year INDI has reported a negative cash flow from operations.
INDI had negative earnings in each of the past 5 years.
INDI had a negative operating cash flow in each of the past 5 years.
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

With a Return On Assets value of -14.96%, INDI is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
INDI has a Return On Equity of -33.53%. This is amonst the worse of the industry: INDI underperforms 80.00% of its industry peers.
Industry RankSector Rank
ROA -14.96%
ROE -33.53%
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's Gross Margin of 41.48% is in line compared to the rest of the industry. INDI outperforms 40.91% 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 41.48%
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 0.11, we must say that INDI is in the distress zone and has some risk of bankruptcy.
INDI's Altman-Z score of 0.11 is on the low side compared to the rest of the industry. INDI is outperformed by 73.64% of its industry peers.
INDI has a Debt/Equity ratio of 0.90. This is a neutral value indicating INDI is somewhat dependend on debt financing.
INDI has a worse Debt to Equity ratio (0.90) than 83.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.9
Debt/FCF N/A
Altman-Z 0.11
ROIC/WACCN/A
WACC9.27%
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 5.30. This indicates that INDI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of INDI (5.30) is better than 80.91% of its industry peers.
A Quick Ratio of 4.64 indicates that INDI has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 4.64, INDI belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.3
Quick Ratio 4.64
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 -10.00%.
The Revenue has decreased by -7.09% in the past year.
Measured over the past years, INDI shows a very strong growth in Revenue. The Revenue has been growing by 57.02% on average per year.
EPS 1Y (TTM)-10%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%27.27%
Revenue 1Y (TTM)-7.09%
Revenue growth 3Y64.81%
Revenue growth 5Y57.02%
Sales Q2Q%3.29%

3.2 Future

Based on estimates for the next years, INDI will show a very strong growth in Earnings Per Share. The EPS will grow by 42.43% on average per year.
INDI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.68% yearly.
EPS Next Y41.31%
EPS Next 2Y48.27%
EPS Next 3Y42.43%
EPS Next 5YN/A
Revenue Next Year5.26%
Revenue Next 2Y18.23%
Revenue Next 3Y24.68%
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 400M
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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2

4. Valuation

4.1 Price/Earnings Ratio

INDI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
INDI is valuated quite expensively with a Price/Forward Earnings ratio of 53.64.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INDI is on the same level as its industry peers.
INDI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.29.
Industry RankSector Rank
PE N/A
Fwd PE 53.64
INDI Price Earnings VS Forward Price EarningsINDI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

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 1 1.5

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as INDI's earnings are expected to grow with 42.43% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y48.27%
EPS Next 3Y42.43%

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0

5. Dividend

5.1 Amount

No dividends for INDI!.
Industry RankSector Rank
Dividend Yield N/A

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INDIE SEMICONDUCTOR INC-A

NASDAQ:INDI (6/25/2025, 8:00:02 PM)

After market: 3.86 +0.03 (+0.78%)

3.83

+0.54 (+16.41%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)05-12 2025-05-12/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners97.08%
Inst Owner Change-1.2%
Ins Owners1.43%
Ins Owner Change8.46%
Market Cap813.91M
Analysts80
Price Target5.46 (42.56%)
Short Float %26.67%
Short Ratio14.77
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)2
Avg EPS beat(2)3.99%
Min EPS beat(2)3.68%
Max EPS beat(2)4.3%
EPS beat(4)4
Avg EPS beat(4)4.02%
Min EPS beat(4)2.28%
Max EPS beat(4)5.84%
EPS beat(8)5
Avg EPS beat(8)-3.79%
EPS beat(12)8
Avg EPS beat(12)-1.23%
EPS beat(16)11
Avg EPS beat(16)-7.41%
Revenue beat(2)0
Avg Revenue beat(2)-2.71%
Min Revenue beat(2)-3.13%
Max Revenue beat(2)-2.3%
Revenue beat(4)0
Avg Revenue beat(4)-2.8%
Min Revenue beat(4)-4.51%
Max Revenue beat(4)-1.26%
Revenue beat(8)0
Avg Revenue beat(8)-3.51%
Revenue beat(12)0
Avg Revenue beat(12)-2.8%
Revenue beat(16)2
Avg Revenue beat(16)-2.05%
PT rev (1m)-16.78%
PT rev (3m)-25.63%
EPS NQ rev (1m)-4.76%
EPS NQ rev (3m)-30.95%
EPS NY rev (1m)-23.93%
EPS NY rev (3m)-225.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.12%
Revenue NY rev (1m)-0.93%
Revenue NY rev (3m)-15.09%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 53.64
P/S 3.73
P/FCF N/A
P/OCF N/A
P/B 2.01
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.33
EYN/A
EPS(NY)0.07
Fwd EY1.86%
FCF(TTM)-0.44
FCFYN/A
OCF(TTM)-0.37
OCFYN/A
SpS1.03
BVpS1.91
TBVpS-0.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -14.96%
ROE -33.53%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 41.48%
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.9
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 37.31%
Cap/Sales 7.38%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 5.3
Quick Ratio 4.64
Altman-Z 0.11
F-Score3
WACC9.27%
ROIC/WACCN/A
Cap/Depr(3y)41.76%
Cap/Depr(5y)43.52%
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)-10%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%27.27%
EPS Next Y41.31%
EPS Next 2Y48.27%
EPS Next 3Y42.43%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.09%
Revenue growth 3Y64.81%
Revenue growth 5Y57.02%
Sales Q2Q%3.29%
Revenue Next Year5.26%
Revenue Next 2Y18.23%
Revenue Next 3Y24.68%
Revenue Next 5YN/A
EBIT growth 1Y-5.24%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year51.03%
EBIT Next 3Y47.87%
EBIT Next 5YN/A
FCF growth 1Y9.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y16.69%
OCF growth 3YN/A
OCF growth 5YN/A