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INDIE SEMICONDUCTOR INC-A (INDI) Stock Fundamental Analysis

NASDAQ:INDI - US45569U1016 - Common Stock

4.53 USD
-0.19 (-4.03%)
Last: 8/29/2025, 8:00:02 PM
4.45 USD
-0.08 (-1.77%)
After Hours: 8/29/2025, 8:00:02 PM
Fundamental Rating

3

Taking everything into account, INDI scores 3 out of 10 in our fundamental rating. INDI was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of INDI have multiple concerns. 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.
In the past 5 years INDI always reported negative net income.
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

The Return On Assets of INDI (-17.96%) is worse than 79.46% of its industry peers.
With a Return On Equity value of -39.92%, INDI is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -17.96%
ROE -39.92%
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

Looking at the Gross Margin, with a value of 41.08%, INDI is in line with its industry, outperforming 41.96% of the companies in the same industry.
In the last couple of years the Gross Margin of INDI has grown nicely.
The Profit Margin and Operating Margin are not available for INDI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 41.08%
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.
INDI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, INDI has more shares outstanding
The debt/assets ratio for INDI is higher compared to a year ago.
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 0.33, we must say that INDI is in the distress zone and has some risk of bankruptcy.
INDI's Altman-Z score of 0.33 is on the low side compared to the rest of the industry. INDI is outperformed by 73.21% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that INDI is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.87, INDI is not doing good in the industry: 83.04% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF N/A
Altman-Z 0.33
ROIC/WACCN/A
WACC10.61%
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 4.34. This indicates that INDI is financially healthy and has no problem in meeting its short term obligations.
INDI has a better Current ratio (4.34) than 65.18% of its industry peers.
A Quick Ratio of 3.72 indicates that INDI has no problem at all paying its short term obligations.
INDI's Quick ratio of 3.72 is fine compared to the rest of the industry. INDI outperforms 68.75% of its industry peers.
Industry RankSector Rank
Current Ratio 4.34
Quick Ratio 3.72
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

The earnings per share for INDI have decreased strongly by -10.34% in the last year.
The Revenue has decreased by -7.49% 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)-10.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.11%
Revenue 1Y (TTM)-7.49%
Revenue growth 3Y64.81%
Revenue growth 5Y57.02%
Sales Q2Q%-1.38%

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 38.78% on average per year.
Based on estimates for the next years, INDI will show a very strong growth in Revenue. The Revenue will grow by 21.26% on average per year.
EPS Next Y27.75%
EPS Next 2Y43.74%
EPS Next 3Y38.78%
EPS Next 5YN/A
Revenue Next Year2.39%
Revenue Next 2Y16.08%
Revenue Next 3Y21.26%
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

The Price/Earnings Ratio is negative for INDI. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 190.36, which means the current valuation is very expensive for INDI.
62.50% of the companies in the same industry are cheaper than INDI, based on the Price/Forward Earnings ratio.
INDI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.76.
Industry RankSector Rank
PE N/A
Fwd PE 190.36
INDI Price Earnings VS Forward Price EarningsINDI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150

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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates INDI does not grow enough to justify the current Price/Earnings ratio.
INDI's earnings are expected to grow with 38.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y43.74%
EPS Next 3Y38.78%

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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 (8/29/2025, 8:00:02 PM)

After market: 4.45 -0.08 (-1.77%)

4.53

-0.19 (-4.03%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners98.15%
Inst Owner Change6.09%
Ins Owners1.43%
Ins Owner Change8.37%
Market Cap979.25M
Analysts80
Price Target6.05 (33.55%)
Short Float %29.35%
Short Ratio12.36
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)1.93%
Min EPS beat(2)0.18%
Max EPS beat(2)3.68%
EPS beat(4)4
Avg EPS beat(4)2.61%
Min EPS beat(4)0.18%
Max EPS beat(4)4.3%
EPS beat(8)6
Avg EPS beat(8)-2.65%
EPS beat(12)8
Avg EPS beat(12)-2.36%
EPS beat(16)12
Avg EPS beat(16)1.05%
Revenue beat(2)0
Avg Revenue beat(2)-2.34%
Min Revenue beat(2)-3.13%
Max Revenue beat(2)-1.54%
Revenue beat(4)0
Avg Revenue beat(4)-2.06%
Min Revenue beat(4)-3.13%
Max Revenue beat(4)-1.26%
Revenue beat(8)0
Avg Revenue beat(8)-3.48%
Revenue beat(12)0
Avg Revenue beat(12)-2.83%
Revenue beat(16)1
Avg Revenue beat(16)-2.17%
PT rev (1m)5.06%
PT rev (3m)-7.91%
EPS NQ rev (1m)-31.26%
EPS NQ rev (3m)-152.63%
EPS NY rev (1m)-23.11%
EPS NY rev (3m)-52.57%
Revenue NQ rev (1m)-3.6%
Revenue NQ rev (3m)-24.72%
Revenue NY rev (1m)-2.73%
Revenue NY rev (3m)-3.63%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 190.36
P/S 4.5
P/FCF N/A
P/OCF N/A
P/B 2.51
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.32
EYN/A
EPS(NY)0.02
Fwd EY0.53%
FCF(TTM)-0.39
FCFYN/A
OCF(TTM)-0.31
OCFYN/A
SpS1.01
BVpS1.81
TBVpS-0.39
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -17.96%
ROE -39.92%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 41.08%
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-Score2
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 41.98%
Cap/Sales 8.49%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.34
Quick Ratio 3.72
Altman-Z 0.33
F-Score2
WACC10.61%
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)-10.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.11%
EPS Next Y27.75%
EPS Next 2Y43.74%
EPS Next 3Y38.78%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.49%
Revenue growth 3Y64.81%
Revenue growth 5Y57.02%
Sales Q2Q%-1.38%
Revenue Next Year2.39%
Revenue Next 2Y16.08%
Revenue Next 3Y21.26%
Revenue Next 5YN/A
EBIT growth 1Y-7.95%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year49.46%
EBIT Next 3Y47.38%
EBIT Next 5YN/A
FCF growth 1Y32.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y41.48%
OCF growth 3YN/A
OCF growth 5YN/A