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INDIE SEMICONDUCTOR INC-A (INDI) Stock Fundamental Analysis

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

4.58 USD
+0.33 (+7.76%)
Last: 1/22/2026, 8:00:02 PM
4.6 USD
+0.02 (+0.44%)
After Hours: 1/22/2026, 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 113 industry peers in the Semiconductors & Semiconductor Equipment industry. INDI has a bad profitability rating. Also its financial health evaluation is rather negative. INDI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year INDI has reported negative net income.
  • INDI had a negative operating cash flow in the past year.
  • 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

  • The Return On Assets of INDI (-16.89%) is worse than 77.88% of its industry peers.
  • The Return On Equity of INDI (-39.13%) is worse than 82.30% of its industry peers.
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

  • The Gross Margin of INDI (41.26%) is comparable to the rest of the industry.
  • 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

More info and screens

3

2. Health

2.1 Basic Checks

  • INDI does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, INDI has more shares outstanding
  • INDI has more shares outstanding than it did 5 years ago.
  • 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 0.16, we must say that INDI is in the distress zone and has some risk of bankruptcy.
  • INDI has a Altman-Z score of 0.16. This is in the lower half of the industry: INDI underperforms 75.22% 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 84.07% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Altman-Z 0.16
ROIC/WACCN/A
WACC10.1%
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

  • A Current Ratio of 3.75 indicates that INDI has no problem at all paying its short term obligations.
  • INDI's Current ratio of 3.75 is fine compared to the rest of the industry. INDI outperforms 61.95% of its industry peers.
  • A Quick Ratio of 3.18 indicates that INDI has no problem at all paying its short term obligations.
  • INDI has a Quick ratio of 3.18. This is in the better half of the industry: INDI outperforms 63.72% of its industry peers.
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

More info and screens

6

3. Growth

3.1 Past

  • The earnings per share for INDI have decreased by 0.00% in the last year.
  • INDI shows a decrease in Revenue. In the last year, the revenue decreased by -4.99%.
  • 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)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

  • The Earnings Per Share is expected to grow by 37.42% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, INDI will show a very strong growth in Revenue. The Revenue will grow by 20.61% on average per year.
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

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

  • INDI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year INDI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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

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

More info and screens

0

5. Dividend

5.1 Amount

  • No dividends for INDI!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

INDIE SEMICONDUCTOR INC-A

NASDAQ:INDI (1/22/2026, 8:00:02 PM)

After market: 4.6 +0.02 (+0.44%)

4.58

+0.33 (+7.76%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-06
Earnings (Next)02-18
Inst Owners100.96%
Inst Owner Change0.13%
Ins Owners1.32%
Ins Owner Change-16.67%
Market Cap1.01B
Revenue(TTM)217.40M
Net Income(TTM)-144.46M
Analysts80
Price Target6.27 (36.9%)
Short Float %25.33%
Short Ratio15.27
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)0%
PT rev (3m)3.61%
EPS NQ rev (1m)-11.9%
EPS NQ rev (3m)-168.56%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.51%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.63
P/FCF N/A
P/OCF N/A
P/B 2.72
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 0.16
F-Score3
WACC10.1%
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 for 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.


What is the earnings growth outlook for INDIE SEMICONDUCTOR INC-A?

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