indie Semiconductor (INDI) AI Stock Analysis

• Market Cap: $1.01B
• Dividend Yield: N/A
• Average Volume (3M): 5.28M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.37
• Revenue Growth: -4.99%
• EPS Growth: -12.11%
• Country: US
• Employees: 920
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): -0.07
• Shares Outstanding: 198,552,060
• 10 Day Avg. Volume: 4,654,234
• 30 Day Avg. Volume: 5,275,091
• PEG Ratio: 0.87
• Price to Book (P/B): 1.70
• Price to Sales (P/S): 3.27
• P/FCF Ratio: -9.72
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 4.76
• Enterprise Value/Gross Profit: 15.17
• Enterprise Value/Ebitda: -9.55
• 1Y Price Target: $6.40
• Price Target Upside: 36.75% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $4.50 ▼(-3.85% Downside)

Indie Semiconductor's overall stock score is primarily impacted by its financial performance, which is currently weak due to declining revenues and persistent losses. Technical analysis and valuation also contribute to a lower score, reflecting mixed market signals and unattractive valuation metrics. The earnings call provides some positive long-term growth potential, but immediate challenges remain significant.

Positive Factors

Strategic Backlog Growth

The growth in strategic backlog indicates strong future demand and potential revenue streams, supporting long-term business stability and expansion.

Expansion into New Markets

Entering new markets diversifies revenue sources and leverages indie's technology in emerging sectors, enhancing growth prospects and competitive positioning.

Leadership Change

The promotion of Naixi Wu to CFO brings experienced leadership to financial operations, potentially improving financial strategy and execution.

Negative Factors

Declining Revenue

A declining revenue trend poses a challenge for sustaining operations and funding growth initiatives, impacting long-term financial health.

Negative Cash Flow

Negative cash flow growth limits the company's ability to invest in new projects and manage debt, affecting financial flexibility and resilience.

Gross Margin Pressure

Decreasing gross margins can erode profitability, making it harder to cover fixed costs and invest in growth, impacting long-term competitiveness.

indie Semiconductor Business Overview & Revenue Model

Company Description

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications. It offers devices for a multitude of automotive applications spanning ultrasound for parking assistance, in cabin wireless charging, infotainment and LED lighting for enhancing the user experience, and telematics and cloud access for connectivity; and photonic components on various technology platforms, including fiber bragg gratings, low noise lasers, athermal and tunable packaging, photonic integration, and low noise and high-speed electronics for the laser systems, optical sensing, and optical communication markets. The company was incorporated in 2007 and is headquartered in Aliso Viejo, California.

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 faces significant financial challenges with declining revenues and persistent losses. The company has a stable gross profit margin but struggles with profitability and cash flow generation. Low leverage is a positive aspect, but overall financial health is concerning.

Income Statement

indie Semiconductor shows a declining revenue trend with a negative revenue growth rate of -33% TTM. The company has a gross profit margin of 41% TTM, which is relatively stable, but the net profit margin is significantly negative at -71.6%, indicating substantial losses. EBIT and EBITDA margins are also deeply negative, reflecting operational challenges.

Balance Sheet

The balance sheet reveals a low debt-to-equity ratio of 0.066 TTM, suggesting manageable leverage. However, the return on equity is negative at -36.7%, indicating inefficiencies in generating returns from equity. The equity ratio stands at 47.8%, showing a moderate level of equity financing.

Cash Flow

Cash flow analysis indicates a negative free cash flow growth rate of -11.5% TTM, with operating cash flow and free cash flow both negative. The operating cash flow to net income ratio is -0.72, and the free cash flow to net income ratio is 1.36, suggesting cash flow challenges despite some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	217.40M	216.68M	223.17M	110.80M	48.41M	22.61M
Gross Profit	68.19M	90.31M	89.56M	50.31M	19.71M	9.57M
EBITDA	-108.29M	-93.94M	-90.16M	-35.67M	-111.73M	-93.49M
Net Income	-144.46M	-132.60M	-117.63M	-43.40M	-88.04M	-97.50M
Balance Sheet
Total Assets	855.07M	941.39M	818.88M	603.35M	469.25M	35.13M
Cash, Cash Equivalents and Short-Term Investments	171.16M	274.25M	151.68M	321.63M	219.08M	18.70M
Total Debt	367.23M	398.58M	174.34M	183.47M	7.89M	20.83M
Total Liabilities	462.15M	495.99M	341.85M	289.02M	177.40M	136.62M
Stockholders Equity	369.21M	417.89M	446.15M	312.81M	313.05M	-110.31M
Cash Flow
Free Cash Flow	-64.63M	-72.94M	-117.14M	-84.31M	-59.89M	-21.99M
Operating Cash Flow	-49.55M	-58.60M	-104.39M	-76.75M	-55.82M	-21.22M
Investing Cash Flow	-32.76M	-19.26M	-107.74M	-16.27M	-84.33M	-771.00K
Financing Cash Flow	150.00M	209.33M	43.57M	192.66M	340.65M	33.47M

indie Semiconductor Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INDI, the sentiment is Neutral. The current price of 4.68 is below the 20-day moving average (MA) of 5.32, above the 50-day MA of 4.59, and above the 200-day MA of 3.55, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 44.75 is Neutral, neither overbought nor oversold. The STOCH value of 16.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INDI.

indie Semiconductor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SKYT	66 Neutral	$867.16M	6.99	101.23%	―	0.19%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
COHU	59 Neutral	$1.06B	-14.47	-8.53%	―	-4.50%	-45.79%
AEHR	55 Neutral	$734.56M	―	-5.43%	―	-3.23%	-122.16%
INDI	49 Neutral	$1.01B	―	-34.90%	―	-4.99%	-12.11%
AOSL	48 Neutral	$610.85M	―	-11.17%	―	5.81%	-376.55%
ICHR	45 Neutral	$514.73M	―	-5.94%	―	16.86%	-26.89%

indie Semiconductor Corporate Events

Indie Semiconductor Reports Q3 2025 Financial Results

Indie Semiconductor, Inc., headquartered in Aliso Viejo, California, is a leading innovator in the automotive solutions sector, focusing on developing advanced semiconductors, photonics, and software platforms for next-generation automotive applications. The company is known for its high-performance and energy-efficient technology, particularly in the areas of ADAS, in-cabin user experience, and vehicle electrification.

Indie Semiconductor Shines in Q2 2025 Earnings Call

Indie Semiconductor’s recent earnings call conveyed a positive sentiment, highlighting strategic achievements in advanced driver-assistance systems (ADAS), quantum, and robotics, despite some financial and market challenges. The company exceeded revenue expectations and made significant strides in product development and strategic acquisitions.

Indie Semiconductor Reports Strong Q2 2025 Results

Indie Semiconductor, Inc., based in Aliso Viejo, California, is a pioneering company in the automotive sector, specializing in advanced semiconductors, photonics, and software platforms that enhance automotive systems such as ADAS, in-cabin user experience, and electrification applications.