indie Semiconductor (INDI) AI Stock Analysis

• Market Cap: $766.52M
• Dividend Yield: N/A
• Average Volume (3M): 4.60M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.30
• 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: 202,611,250
• 10 Day Avg. Volume: 3,747,211
• 30 Day Avg. Volume: 4,604,831
• 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: 1.35
• Enterprise Value/Revenue: 4.76
• Enterprise Value/Gross Profit: 20.00
• Enterprise Value/Ebitda: -10.73
• 1Y Price Target: $6.40
• Price Target Upside: 83.38% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): -0.26
• Revenue Forecast (FY): $222.05M

• Rating: 44 Neutral
• Price Target: $3.50 ▲(0.29% Upside)

indie Semiconductor's overall stock score is primarily impacted by its challenging financial performance and bearish technical indicators. The negative valuation metrics further weigh on the score. While the earnings call highlighted some positive long-term prospects, immediate operational hurdles and financial distress dominate the current outlook.

Positive Factors

Strategic Backlog Growth

The growth in strategic backlog indicates strong future revenue potential, as it reflects committed future sales and demand for indie's products.

Expansion into New Markets

Expansion into new markets diversifies revenue streams and positions indie Semiconductor to capitalize on emerging industry trends, enhancing long-term growth prospects.

Tier 1 Radar Partner Milestone

Achieving a milestone with a Tier 1 radar partner strengthens indie's competitive position and showcases its technological advancements, supporting sustained market leadership.

Negative Factors

Negative Profit Margins

Sustained negative profit margins highlight operational inefficiencies and can hinder long-term financial health, necessitating strategic improvements to achieve profitability.

Cash Flow Challenges

Persistent cash flow challenges limit indie's ability to invest in growth opportunities and may affect its financial stability, requiring enhanced cash management strategies.

Short-Term Supply Shortages

Supply chain disruptions can affect production and sales, posing risks to revenue and operational efficiency, though resolution is anticipated in Q1 2026.

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 is facing significant financial challenges, with declining revenues, negative profit margins, and cash flow difficulties. The balance sheet shows low leverage, but the negative return on equity and cash flow issues highlight the need for strategic improvements.

Income Statement

indie Semiconductor's income statement reveals a challenging financial position with declining revenue growth and negative profit margins. The TTM data shows a revenue decline of 13.3% and a net profit margin of -66.4%, indicating significant losses. Despite a gross profit margin of 31.4%, the company struggles with high operating losses as reflected in negative EBIT and EBITDA margins. The consistent negative growth and profitability metrics highlight the need for strategic improvements.

Balance Sheet

The balance sheet of indie Semiconductor shows a moderate financial structure with a debt-to-equity ratio of 0.07, suggesting low leverage. However, the return on equity is negative at -35.96%, indicating inefficiencies in generating returns from equity. The equity ratio stands at 43.2%, reflecting a reasonable proportion of equity in the asset base. While the low leverage is a positive aspect, the negative ROE and overall financial performance pose risks.

Cash Flow

The cash flow statement indicates significant cash flow challenges for indie Semiconductor. The TTM data shows a negative operating cash flow and a free cash flow growth rate of -23.65%. The operating cash flow to net income ratio is -0.69, highlighting cash flow issues relative to net losses. Despite a free cash flow to net income ratio of 1.36, the overall cash flow position remains weak, necessitating better cash management strategies.

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	51.70M	90.31M	-55.12M	50.31M	19.71M	9.57M
EBITDA	-96.42M	-93.94M	-89.94M	-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: Negative
• Last Price: 3.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INDI, the sentiment is Negative. The current price of 3.49 is below the 20-day moving average (MA) of 4.05, below the 50-day MA of 4.48, and below the 200-day MA of 3.52, indicating a neutral trend. The MACD of -0.39 indicates Positive momentum. The RSI at 36.48 is Neutral, neither overbought nor oversold. The STOCH value of 42.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INDI.

indie Semiconductor Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SKYT	64 Neutral	$706.76M	5.65	101.23%	―	0.19%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
COHU	56 Neutral	$1.07B	―	-8.53%	―	-4.50%	-45.79%
AEHR	53 Neutral	$686.85M	―	-5.43%	―	-3.23%	-122.16%
ICHR	49 Neutral	$574.22M	―	-5.94%	―	16.86%	-26.89%
AOSL	48 Neutral	$609.04M	―	-11.17%	―	5.81%	-376.55%
INDI	44 Neutral	$766.52M	―	-34.90%	―	-4.99%	-12.11%

indie Semiconductor Corporate Events

Indie Semiconductor’s Earnings Call: Mixed Sentiment Amid Growth

Indie Semiconductor, Inc. recently held its earnings call, revealing a mixed sentiment among investors and analysts. The company reported steady revenue and backlog growth, alongside significant advancements in radar and vision technology. However, challenges such as short-term supply chain disruptions and gross margin pressures were also highlighted, balancing the positive long-term outlook with immediate operational hurdles.

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.