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INDIE SEMICONDUCTOR INC-A (INDI) Stock Fundamental Analysis

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

4.19  +0.01 (+0.24%)

After market: 4.2388 +0.05 (+1.16%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to INDI. INDI was compared to 108 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 valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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0

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.
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 -20M -40M -60M -80M -100M

1.2 Ratios

INDI's Return On Assets of -14.38% is on the low side compared to the rest of the industry. INDI is outperformed by 76.85% of its industry peers.
INDI's Return On Equity of -25.01% is on the low side compared to the rest of the industry. INDI is outperformed by 77.78% of its industry peers.
Industry RankSector Rank
ROA -14.38%
ROE -25.01%
ROIC N/A
ROA(3y)-13.41%
ROA(5y)-82.76%
ROE(3y)-22.78%
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 0 100 -100 -200

1.3 Margins

Looking at the Gross Margin, with a value of 40.87%, INDI is in line with its industry, outperforming 42.59% of the companies in the same industry.
INDI's Gross Margin has declined 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 40.87%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.88%
GM growth 5YN/A
INDI Yearly Profit, Operating, Gross MarginsINDI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 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.
The debt/assets ratio for INDI has been reduced compared to a year ago.
INDI Yearly Shares OutstandingINDI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 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 200M 400M 600M 800M

2.2 Solvency

Based on the Altman-Z score of 0.55, we must say that INDI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.55, INDI is doing worse than 75.93% of the companies in the same industry.
INDI has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.34, INDI is doing worse than 64.81% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF N/A
Altman-Z 0.55
ROIC/WACCN/A
WACC13.94%
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 0 100M -100M 200M 300M 400M

2.3 Liquidity

INDI has a Current Ratio of 2.39. This indicates that INDI is financially healthy and has no problem in meeting its short term obligations.
INDI has a worse Current ratio (2.39) than 60.19% of its industry peers.
INDI has a Quick Ratio of 1.87. This is a normal value and indicates that INDI is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.87, INDI perfoms like the industry average, outperforming 47.22% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.39
Quick Ratio 1.87
INDI Yearly Current Assets VS Current LiabilitesINDI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 100M 200M 300M

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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 23.08% over the past year.
INDI shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.97%.
INDI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 114.54% yearly.
EPS 1Y (TTM)23.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-12.5%
Revenue 1Y (TTM)22.97%
Revenue growth 3Y114.54%
Revenue growth 5YN/A
Sales Q2Q%-10.77%

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 45.75% on average per year.
The Revenue is expected to grow by 26.03% on average over the next years. This is a very strong growth
EPS Next Y-22.65%
EPS Next 2Y33.66%
EPS Next 3Y45.75%
EPS Next 5YN/A
Revenue Next Year-3.86%
Revenue Next 2Y15.8%
Revenue Next 3Y26.03%
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 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
INDI Yearly EPS VS EstimatesINDI Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 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.
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

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

INDI's earnings are expected to grow with 45.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y33.66%
EPS Next 3Y45.75%

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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 (1/28/2025, 8:00:02 PM)

After market: 4.2388 +0.05 (+1.16%)

4.19

+0.01 (+0.24%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)02-19 2025-02-19/amc
Inst Owners84.84%
Inst Owner Change3.43%
Ins Owners1.28%
Ins Owner Change-3.58%
Market Cap846.04M
Analysts81.43
Price Target8.2 (95.7%)
Short Float %25.18%
Short Ratio7.68
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)4.06%
Min EPS beat(2)2.28%
Max EPS beat(2)5.84%
EPS beat(4)2
Avg EPS beat(4)-7.84%
Min EPS beat(4)-32.21%
Max EPS beat(4)5.84%
EPS beat(8)4
Avg EPS beat(8)-5.82%
EPS beat(12)8
Avg EPS beat(12)-1.1%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.88%
Min Revenue beat(2)-4.51%
Max Revenue beat(2)-1.26%
Revenue beat(4)0
Avg Revenue beat(4)-4.91%
Min Revenue beat(4)-8.62%
Max Revenue beat(4)-1.26%
Revenue beat(8)0
Avg Revenue beat(8)-3.14%
Revenue beat(12)1
Avg Revenue beat(12)-2.3%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-3.02%
PT rev (3m)-8.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5184.96%
EPS NY rev (1m)0%
EPS NY rev (3m)3.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-31.38%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)-0.21%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.7
P/FCF N/A
P/OCF N/A
P/B 1.84
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.3
EYN/A
EPS(NY)-0.06
Fwd EYN/A
FCF(TTM)-0.43
FCFYN/A
OCF(TTM)-0.34
OCFYN/A
SpS1.13
BVpS2.27
TBVpS-0.2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -14.38%
ROE -25.01%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 40.87%
FCFM N/A
ROA(3y)-13.41%
ROA(5y)-82.76%
ROE(3y)-22.78%
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 3Y-1.88%
GM growth 5YN/A
F-Score3
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 48.84%
Cap/Sales 7.73%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.39
Quick Ratio 1.87
Altman-Z 0.55
F-Score3
WACC13.94%
ROIC/WACCN/A
Cap/Depr(3y)53.11%
Cap/Depr(5y)45.17%
Cap/Sales(3y)6.99%
Cap/Sales(5y)6.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-12.5%
EPS Next Y-22.65%
EPS Next 2Y33.66%
EPS Next 3Y45.75%
EPS Next 5YN/A
Revenue 1Y (TTM)22.97%
Revenue growth 3Y114.54%
Revenue growth 5YN/A
Sales Q2Q%-10.77%
Revenue Next Year-3.86%
Revenue Next 2Y15.8%
Revenue Next 3Y26.03%
Revenue Next 5YN/A
EBIT growth 1Y-9.79%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-29.16%
EBIT Next 3Y51.96%
EBIT Next 5YN/A
FCF growth 1Y-2.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y12.15%
OCF growth 3YN/A
OCF growth 5YN/A