indie Semiconductor (INDI) AI Stock Analysis

• Market Cap: $856.05M
• Dividend Yield: N/A
• Average Volume (3M): 3.75M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.02
• Revenue Growth: -7.49%
• EPS Growth: -64.33%
• Country: US
• Employees: 920
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.08
• Shares Outstanding: 198,552,060
• 10 Day Avg. Volume: 4,777,042
• 30 Day Avg. Volume: 3,752,886
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 4.07
• Enterprise Value/Gross Profit: 9.91
• Enterprise Value/Ebitda: -8.05
• 1Y Price Target: $6.67
• Price Target Upside: 69.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 50 Neutral
• Price Target: $4.00 ▲(1.78% Upside)

Indie Semiconductor's overall stock score is primarily impacted by its financial performance challenges, including declining revenues and persistent losses. While the earnings call provided a positive outlook with strategic initiatives, the technical analysis and valuation indicate ongoing concerns. The company's efforts to improve operational efficiency and expand into new markets are promising, but financial stability remains a critical issue.

Positive Factors

Strong ADAS Momentum

The focus on ADAS positions indie Semiconductor well in the growing market for advanced automotive technologies, enhancing its competitive edge and long-term growth potential.

Expansion into New Markets

Diversifying into quantum and industrial markets broadens indie's revenue base and reduces dependency on the automotive sector, supporting sustainable growth.

Strategic Acquisition

The acquisition enhances indie's capabilities in automotive vision applications, potentially improving product offerings and profitability through synergies.

Negative Factors

Declining Revenue

A declining revenue trend indicates challenges in market demand or competitive positioning, which could hinder long-term financial stability and growth.

Cash Flow Challenges

Negative cash flow growth suggests difficulties in sustaining operations and investing in growth opportunities, potentially impacting future financial flexibility.

Continued Operating Loss

Persistent operating losses reflect ongoing operational inefficiencies, which may require strategic adjustments to achieve profitability and long-term viability.

indie Semiconductor Business Overview & Revenue Model

Company Description

indie Semiconductor (INDI) is a leading provider of advanced semiconductor solutions, specializing in the automotive and industrial sectors. The company focuses on delivering innovative products in areas such as automotive sensors, connectivity, and power management, aiming to enhance the performance and efficiency of modern vehicles. With a strong emphasis on enabling the transition to electric and autonomous vehicles, indie Semiconductor develops cutting-edge technologies designed to meet the evolving demands of the automotive industry.

How the Company Makes Money

indie Semiconductor generates revenue primarily through the sale of its semiconductor products, which include integrated circuits and sensor devices tailored for automotive applications. The company's revenue model is based on direct sales to original equipment manufacturers (OEMs) and automotive suppliers, as well as partnerships with technology firms that integrate indie's solutions into their systems. Key revenue streams include contracts for high-volume production and royalties from licensing agreements. Additionally, indie Semiconductor benefits from strategic partnerships with leading automotive manufacturers, which help drive demand for its products and facilitate long-term contracts, further solidifying its revenue base.

indie Semiconductor Financial Statement Overview

Summary

Indie Semiconductor shows strong revenue growth but struggles with profitability and cash flow. The balance sheet is stable with a strong cash position, yet operational inefficiencies and cash flow management need improvement.

Income Statement

The company exhibits a significant growth in revenue over recent years, but profitability remains a challenge with persistent negative net income and EBIT margins. The gross profit margin is stable but below industry averages, indicating room for operational improvement.

Balance Sheet

The balance sheet shows a strong cash position with substantial cash and short-term investments relative to total debt, leading to a negative net debt. However, the debt-to-equity ratio is moderately high, suggesting reliance on leverage. The equity ratio is solid, indicating a stable financial structure.

Cash Flow

Free cash flow is consistently negative, reflecting ongoing challenges in generating cash from operations. The operating cash flow to net income ratio indicates cash flow issues relative to reported earnings, though financing activities are supporting liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	217.69M	216.68M	223.17M	110.80M	48.41M	22.61M
Gross Profit	89.42M	90.31M	89.56M	50.31M	19.71M	9.57M
EBITDA	-110.12M	-93.94M	-90.16M	-35.37M	-111.73M	-93.49M
Net Income	-155.85M	-132.60M	-117.63M	-43.40M	-88.04M	-97.50M
Balance Sheet
Total Assets	867.63M	941.39M	818.88M	600.89M	470.13M	35.13M
Cash, Cash Equivalents and Short-Term Investments	192.56M	274.25M	151.68M	321.63M	219.08M	18.70M
Total Debt	27.52M	398.58M	174.34M	183.47M	7.89M	20.83M
Total Liabilities	452.53M	495.99M	341.85M	293.53M	178.91M	136.62M
Stockholders Equity	415.10M	417.89M	446.15M	306.71M	313.05M	-110.31M
Cash Flow
Free Cash Flow	-75.07M	-72.94M	-117.14M	-84.31M	-59.89M	-21.99M
Operating Cash Flow	-55.00M	-58.60M	-104.39M	-76.75M	-55.82M	-21.22M
Investing Cash Flow	-18.47M	-19.26M	-107.74M	-16.27M	-84.33M	-771.00K
Financing Cash Flow	168.82M	209.33M	43.57M	192.66M	340.65M	33.47M

indie Semiconductor Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.93
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INDI, the sentiment is Positive. The current price of 3.93 is below the 20-day moving average (MA) of 4.03, below the 50-day MA of 4.17, and above the 200-day MA of 3.44, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 49.02 is Neutral, neither overbought nor oversold. The STOCH value of 67.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INDI.

indie Semiconductor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMOS	63 Neutral	684.06M	146.67	5.76%	4.36%	0.15%	-92.08%
LASR	62 Neutral	1.45B	-30.15	-21.75%	―	9.79%	10.28%
SKYT	58 Neutral	871.02M	-52.60	-36.45%	―	-10.53%	36.86%
INDI	50 Neutral	$856.05M	―	-36.20%	―	-7.49%	-64.33%
NVTS	50 Neutral	1.37B	-9.88	-24.31%	―	-25.65%	-130.95%
WOLF	44 Neutral	189.34M	-0.11	359.92%	―	-6.14%	-63.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

indie Semiconductor Corporate Events

Indie Semiconductor Exceeds Q3 Revenue Expectations

Indie Semiconductor showcases robust growth by surpassing Q3 2024 revenue forecasts with a 3.1% increase to $54 million and a strategic backlog expansion to $7.1 billion, driven by advanced driver-assistance systems (ADAS) design wins. Looking forward, indie anticipates over 7% revenue growth in Q4, fueled by strong demand for radar and vision products, positioning the company for continued success in the automotive semiconductor industry.