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INDIE SEMICONDUCTOR INC-A (INDI) Stock Fundamental Analysis

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

1.83  -0.08 (-4.19%)

After market: 1.8114 -0.02 (-1.02%)

Fundamental Rating

3

Taking everything into account, INDI scores 3 out of 10 in our fundamental rating. INDI was compared to 109 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

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.
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

INDI has a worse Return On Assets (-14.09%) than 77.06% of its industry peers.
The Return On Equity of INDI (-31.73%) is worse than 80.73% of its industry peers.
Industry RankSector Rank
ROA -14.09%
ROE -31.73%
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 (41.68%) which is in line with its industry peers.
INDI's Gross Margin has improved in the last couple of years.
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 41.68%
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.
The number of shares outstanding for INDI has been increased compared to 5 years ago.
Compared to 1 year ago, INDI has a worse debt to assets ratio.
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 -0.23, we must say that INDI is in the distress zone and has some risk of bankruptcy.
INDI has a Altman-Z score of -0.23. This is in the lower half of the industry: INDI underperforms 77.06% of its industry peers.
A Debt/Equity ratio of 0.88 indicates that INDI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.88, INDI is doing worse than 82.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Altman-Z -0.23
ROIC/WACCN/A
WACC9.49%
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 4.82. This indicates that INDI is financially healthy and has no problem in meeting its short term obligations.
INDI has a better Current ratio (4.82) than 73.39% of its industry peers.
A Quick Ratio of 4.23 indicates that INDI has no problem at all paying its short term obligations.
INDI has a better Quick ratio (4.23) than 76.15% of its industry peers.
Industry RankSector Rank
Current Ratio 4.82
Quick Ratio 4.23
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 -24.14% in the last year.
Looking at the last year, INDI shows a decrease in Revenue. The Revenue has decreased by -2.91% in the last 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)-24.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-600%
Revenue 1Y (TTM)-2.91%
Revenue growth 3Y64.81%
Revenue growth 5Y57.02%
Sales Q2Q%-17.29%

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 52.94% 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 40.49% on average per year.
EPS Next Y53.6%
EPS Next 2Y56.46%
EPS Next 3Y52.94%
EPS Next 5YN/A
Revenue Next Year23.16%
Revenue Next 2Y35.35%
Revenue Next 3Y40.49%
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 200M 400M 600M
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 -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.
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 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 2

4.3 Compensation for Growth

A more expensive valuation may be justified as INDI's earnings are expected to grow with 52.94% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y56.46%
EPS Next 3Y52.94%

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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 (4/21/2025, 8:22:37 PM)

After market: 1.8114 -0.02 (-1.02%)

1.83

-0.08 (-4.19%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)05-12 2025-05-12/amc
Inst Owners106.7%
Inst Owner Change0.69%
Ins Owners1.26%
Ins Owner Change0.51%
Market Cap381.54M
Analysts80
Price Target7.12 (289.07%)
Short Float %26.72%
Short Ratio11.75
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)3.29%
Min EPS beat(2)2.28%
Max EPS beat(2)4.3%
EPS beat(4)3
Avg EPS beat(4)-4.95%
Min EPS beat(4)-32.21%
Max EPS beat(4)5.84%
EPS beat(8)5
Avg EPS beat(8)-2.91%
EPS beat(12)8
Avg EPS beat(12)-0.95%
EPS beat(16)11
Avg EPS beat(16)-7.52%
Revenue beat(2)0
Avg Revenue beat(2)-1.78%
Min Revenue beat(2)-2.3%
Max Revenue beat(2)-1.26%
Revenue beat(4)0
Avg Revenue beat(4)-4.17%
Min Revenue beat(4)-8.62%
Max Revenue beat(4)-1.26%
Revenue beat(8)0
Avg Revenue beat(8)-3.22%
Revenue beat(12)0
Avg Revenue beat(12)-2.64%
Revenue beat(16)2
Avg Revenue beat(16)-1.9%
PT rev (1m)-3.08%
PT rev (3m)-13.18%
EPS NQ rev (1m)-5.67%
EPS NQ rev (3m)-44.69%
EPS NY rev (1m)-157.59%
EPS NY rev (3m)-169.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.48%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-12.32%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.76
P/FCF N/A
P/OCF N/A
P/B 0.91
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.36
EYN/A
EPS(NY)-0.17
Fwd EYN/A
FCF(TTM)-0.36
FCFYN/A
OCF(TTM)-0.28
OCFYN/A
SpS1.04
BVpS2
TBVpS-0.28
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -14.09%
ROE -31.73%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 41.68%
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-Score4
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 37.29%
Cap/Sales 7.41%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.82
Quick Ratio 4.23
Altman-Z -0.23
F-Score4
WACC9.49%
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)-24.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-600%
EPS Next Y53.6%
EPS Next 2Y56.46%
EPS Next 3Y52.94%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.91%
Revenue growth 3Y64.81%
Revenue growth 5Y57.02%
Sales Q2Q%-17.29%
Revenue Next Year23.16%
Revenue Next 2Y35.35%
Revenue Next 3Y40.49%
Revenue Next 5YN/A
EBIT growth 1Y-25.37%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year54.73%
EBIT Next 3Y54.56%
EBIT Next 5YN/A
FCF growth 1Y36.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y43.86%
OCF growth 3YN/A
OCF growth 5YN/A