INDI Stock Analysis: indie Semiconductor | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 378m USD | 12M Return: -70.7% | US45569U1016 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.1M
Qual. Beats: 2
Rev. Trend: 22.9%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
indie Semiconductor, Inc. (NASDAQ: INDI) is a U.S.-headquartered semiconductor company founded in 2007 and based in Aliso Viejo, California, that designs, develops, manufactures, and markets integrated circuits primarily for the automotive market. The company went public in June 2021 and is classified within the Information Technology sector, specifically the Semiconductors sub-industry.
The companys product portfolio centers on mixed-signal system-on-chips (SoCs) and supporting software targeting advanced driver assistance systems (ADAS), autonomous driving, connected car, user experience, and vehicle electrification applications. Its sensing and component offerings include ultrasonic sensors for parking assist, radar and front-camera solutions for collision avoidance and sign recognition, side and interior cameras for blind-spot and driver monitoring, LiDAR for distance and obstacle detection, long-range RADAR for adaptive cruise control, as well as photonic components such as fiber Bragg gratings (FBG) and super luminescent LEDs (SLEDs). Pipeline efforts include LiDAR systems, cybersecurity-enabled microcontrollers, and sensor-fusion processors.
indie sells its solutions globally, with operations spanning the United States, Greater China, Europe, South Korea, and other regions across the Americas and Asia Pacific. The automotive semiconductor industry has been a structural growth area, driven by rising semiconductor content per vehicle, the shift toward electrification, and increasing adoption of ADAS features, which has supported demand for the type of mixed-signal and sensor-focused chips indie produces.
- ADAS penetration lifts automotive sensor and SoC revenue
- Gross margin trajectory critical to reaching profitability
- China auto weakness and EV demand slowdown pressure growth
| Net Income: -150.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA -0.19 > 1.0 |
| NWC/Revenue: 97.89% < 20% (prev 117.3%; Δ -19.38% < -1%) |
| CFO/TA -0.08 > 3% & CFO -71.5m > Net Income -150.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 3.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (212.0m) vs 12m ago 8.52% < -2% |
| Gross Margin: 21.51% > 18% (prev 41.08%; Δ -19.56% > 0.5%) |
| Asset Turnover: 27.05% > 50% (prev 25.09%; Δ 1.96% > 0%) |
| Interest Coverage Ratio: -8.27 > 6 (EBIT TTM -145.8m / Interest Expense TTM 17.6m) |
| A: 0.27 (Total Current Assets 311.6m - Total Current Liabilities 85.3m) / Total Assets 841.5m |
| B: -0.85 (Retained Earnings -717.4m / Total Assets 841.5m) |
| C: -0.17 (EBIT TTM -145.8m / Avg Total Assets 854.6m) |
| D: 0.57 (Book Value of Equity 294.7m / Total Liabilities 519.4m) |
| Altman-Z'' = -1.57 = D |
| DSRI: 1.08 (Receivables 67.8m/59.1m, Revenue 231.1m/217.7m) |
| GMI: 1.91 (GM 41.08% / 21.51%) |
| AQI: 1.01 (AQ_t 0.56 / AQ_t-1 0.55) |
| SGI: 1.06 (Revenue 231.1m / 217.7m) |
| TATA: -0.09 (NI -150.7m - CFO -71.5m) / TA 841.5m) |
| Beneish M = -2.09 (Cap -4..+1) = BB |
As of November 03, 2026, the stock is trading at USD 1.51 with a total of 3,443,887 shares traded. Over the past week, the price has changed by -5.35%, over one month by -49.33%, over three months by -55.60% and over the past year by -70.72%.
Current recommended Stop Loss: 1.30 (which is 13.9% or 1.3 ATR below the current price).
indie Semiconductor has received a consensus analysts rating of 4.38. Therefore, it is recommended to buy INDI.
- StrongBuy: 5
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 5.3 | 249.7% |
P/E Forward = 128.2051
P/S = 1.6347
P/B = 2.1615
Revenue TTM = 231.1m USD
EBIT TTM = -145.8m USD
EBITDA TTM = -99.9m USD
Long Term Debt = 403.7m USD (from longTermDebt, last quarter)
Short Term Debt = 15.8m USD (from shortTermDebt, last quarter)
Debt = 446.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 15.2m
Net Debt = 307.6m USD (calculated: Debt 446.5m - CCE 139.0m)
Enterprise Value = 685.4m USD (377.8m + Debt 446.5m - CCE 139.0m)
Interest Coverage Ratio = -8.27 (Ebit TTM -145.8m / Interest Expense TTM 17.6m)
EV/FCF = -8.19x (Enterprise Value 685.4m / FCF TTM -83.7m)
FCF Yield = -12.21% (FCF TTM -83.7m / Enterprise Value 685.4m)
FCF Margin = -36.21% (FCF TTM -83.7m / Revenue TTM 231.1m)
Net Margin = -65.18% (Net Income TTM -150.7m / Revenue TTM 231.1m)
Gross Margin = 21.51% ((Revenue TTM 231.1m - Cost of Revenue TTM 181.4m) / Revenue TTM)
Gross Margin QoQ = 36.07% (prev 38.01%)
Tobins Q-Ratio = 0.81 (Enterprise Value 685.4m / Total Assets 841.5m)
Interest Expense / Debt = 3.95% (Interest Expense 17.6m / Debt 446.5m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -115.1m (EBIT -145.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.65 (Total Current Assets 311.6m / Total Current Liabilities 85.3m)
Debt / Equity = 1.52 (Debt 446.5m / totalStockholderEquity, last quarter 294.7m)
Debt / EBITDA = -3.08 (negative EBITDA) (Net Debt 307.6m / EBITDA -99.9m)
Debt / FCF = -3.67 (negative FCF - burning cash) (Net Debt 307.6m / FCF TTM -83.7m)
Total Stockholder Equity = 336.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -17.63% (Net Income -150.7m / Total Assets 841.5m)
RoE = -44.79% (Net Income TTM -150.7m / Total Stockholder Equity 336.3m)
RoCE = -19.69% (EBIT -145.8m / Capital Employed (Equity 336.3m + L.T.Debt 403.7m))
RoIC = -15.14% (negative operating profit) (NOPAT -115.1m / Invested Capital 760.4m)
WACC = 9.54% (E(377.8m)/V(824.4m) * Re(17.12%) + D(446.5m)/V(824.4m) * Rd(3.95%) * (1-Tc(0.21)))
Discount Rate = 17.12% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 96.76 | Cagr: 11.91%
[DCF] Fair Price = unknown (Cash Flow -83.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.56 | # QB: 2
Revenue Correlation: 22.94 | Revenue CAGR: 1.58% | SUE: 2.03 | # QB: 1
EPS current Quarter (2026-09-30): EPS=-0.04 | Chg30d=N/A | Revisions=-38% | Analysts=8
EPS current Year (2026-12-31): EPS=-0.17 | Chg30d=+0.00% | Revisions=-22% | GrowthEPS=+41.2% | GrowthRev=+22.6%
EPS next Year (2027-12-31): EPS=0.08 | Chg30d=+0.00% | Revisions=-50% | GrowthEPS=+147.3% | GrowthRev=+33.2%
[Analyst] Revisions Ratio: -47% (up=3, down=11)