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indie Semiconductor, Inc. (INDI) 10-Year Financial Performance & Capital Metrics

INDI • • Industrial / General
TechnologySemiconductorsAnalog & Mixed-Signal SemiconductorsSensors & Signal Processing
Aboutindie 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.Show more
  • Revenue $217M -2.9%
  • EBITDA -$127M -22.6%
  • Net Income -$133M -12.7%
  • EPS (Diluted) -0.76 +6.2%
  • Gross Margin 41.68% +268.8%
  • EBITDA Margin -58.62% -26.3%
  • Operating Margin -78.49% -29.4%
  • Net Margin -61.2% -16.1%
  • ROE -28.75% +3.3%
  • ROIC -23.86% +20.6%
  • Debt/Equity 0.89 +144.9%
  • Interest Coverage -18.37 -17.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 57.0%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 20.6% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y57.01%
3Y64.8%
TTM-4.99%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-25.97%

EPS CAGR

10Y-
5Y-
3Y-
TTM-11.94%

ROCE

10Y Avg-23.39%
5Y Avg-25.58%
3Y Avg-22.93%
Latest-22.14%

Peer Comparison

Sensors & Signal Processing
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ADIAnalog Devices, Inc.147.92B302.1066.2516.89%20.58%6.71%2.89%0.26
CRUSCirrus Logic, Inc.6.29B123.2820.555.99%19.48%18.58%6.61%0.07
INDIindie Semiconductor, Inc.857.05M4.23-5.57-2.91%-66.45%-36.77%0.89
ALGMAllegro MicroSystems, Inc.6.05B32.69-83.82-30.91%-3.6%-2.99%0.36%0.40
SITMSiTime Corporation9.23B353.52-87.2940.77%-25.18%-6.42%0.01

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+28.73M22.71M22.61M48.41M110.8M223.17M216.68M
Revenue Growth %--0.21%-0%1.14%1.29%1.01%-0.03%
Cost of Goods Sold+19.1M35.9M13.04M28.7M60.49M278.29M126.37M
COGS % of Revenue0.66%1.58%0.58%0.59%0.55%1.25%0.58%
Gross Profit+9.63M-13.19M9.57M19.71M50.31M-55.12M90.31M
Gross Margin %0.34%-0.58%0.42%0.41%0.45%-0.25%0.42%
Gross Profit Growth %--2.37%1.73%1.06%1.55%-2.1%2.64%
Operating Expenses+18.42M5.72M28.81M94.5M169.43M80.31M260.39M
OpEx % of Revenue0.64%0.25%1.27%1.95%1.53%0.36%1.2%
Selling, General & Admin5.02M06.8M36.38M48.24M080.94M
SG&A % of Revenue0.17%-0.3%0.75%0.44%-0.37%
Research & Development13.55M20.19M22.01M58.12M121.2M154.51M175.11M
R&D % of Revenue0.47%0.89%0.97%1.2%1.09%0.69%0.81%
Other Operating Expenses0-14.47M000-74.2M4.33M
Operating Income+-8.48M-18.91M-19.24M-74.79M-119.13M-135.42M-170.08M
Operating Margin %-0.3%-0.83%-0.85%-1.54%-1.08%-0.61%-0.78%
Operating Income Growth %--1.23%-0.02%-2.89%-0.59%-0.14%-0.26%
EBITDA+-6.65M-14.92M-16.59M-68.83M-102.37M-103.58M-127.02M
EBITDA Margin %-0.23%-0.66%-0.73%-1.42%-0.92%-0.46%-0.59%
EBITDA Growth %--1.24%-0.11%-3.15%-0.49%-0.01%-0.23%
D&A (Non-Cash Add-back)1.82M3.99M2.65M5.97M16.76M31.85M43.06M
EBIT-8.48M-18.91M-96.14M-117.69M-52.43M-121.79M-137M
Net Interest Income+02.46M-2.17M-1.19M875K-849K-4.67M
Interest Income1.82M2.46M25K49K2.57M7.8M4.59M
Interest Expense002.19M1.24M1.69M8.65M9.26M
Other Income/Expense-1.63M-2.02M-79.09M-44.14M65.31M2.06M23.97M
Pretax Income+-10.62M-20.93M-98.33M-118.93M-53.82M-133.37M-146.11M
Pretax Margin %-0.37%-0.92%-4.35%-2.46%-0.49%-0.6%-0.67%
Income Tax+3K11K29K-327K-1.03M-4.53M-1.92M
Effective Tax Rate %0.96%0.98%0.99%0.74%0.81%0.88%0.91%
Net Income+-10.21M-20.45M-97.5M-88.04M-43.4M-117.63M-132.6M
Net Margin %-0.36%-0.9%-4.31%-1.82%-0.39%-0.53%-0.61%
Net Income Growth %--1%-3.77%0.1%0.51%-1.71%-0.13%
Net Income (Continuing)-10.62M-20.94M-98.36M-118.61M-52.79M-128.83M-144.19M
Discontinued Operations0000000
Minority Interest1.63M3.38M8.82M-21.19M1.52M30.88M27.51M
EPS (Diluted)+-0.100.03-0.78-1.26-0.37-0.81-0.76
EPS Growth %-1.34%-24.93%-0.62%0.71%-1.19%0.06%
EPS (Basic)-0.100.03-0.78-1.10-0.37-0.81-0.76
Diluted Shares Outstanding106.18M111.11M124.98M70.01M118.66M145.19M175.03M
Basic Shares Outstanding106.18M111.07M124.98M70.01M118.66M145.19M175.03M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+34.41M928.84K29.98M248.03M373.87M271.82M408.75M
Cash & Short-Term Investments24.17M497.55K18.7M219.08M321.63M151.68M274.25M
Cash Only24.17M497.55K18.7M219.08M321.63M151.68M274.25M
Short-Term Investments0000000
Accounts Receivable5.12M4.57M5.97M13.84M26.44M72.11M52.01M
Days Sales Outstanding6573.3696.34104.3687.1117.9387.6
Inventory4.68M4.28M2.9M9.08M13.26M33.14M49.89M
Days Inventory Outstanding89.4443.4981.16115.4779.9943.47144.09
Other Current Assets0-8.94M0383K12.54M032.61M
Total Non-Current Assets+7.13M347.46M5.15M221.22M229.49M547.06M532.64M
Property, Plant & Equipment1.64M2.41M2.17M11.09M27.88M40.76M50.39M
Fixed Asset Turnover17.55x9.43x10.42x4.37x3.97x5.48x4.30x
Goodwill001.74M113.57M136.46M295.1M266.37M
Intangible Assets5.3M2.28M1.09M96.28M63.12M208.13M208.94M
Long-Term Investments0347.46M00000
Other Non-Current Assets194K154K154K270K2.02M3.07M6.94M
Total Assets+41.54M348.39M35.13M469.25M603.35M818.88M941.39M
Asset Turnover0.69x0.07x0.64x0.10x0.18x0.27x0.23x
Asset Growth %-7.39%-0.9%12.36%0.29%0.36%0.15%
Total Current Liabilities+8.02M23.43M122.2M33.72M63.96M138.88M84.88M
Accounts Payable2.96M4.71M4.55M5.44M14.19M18.41M28.33M
Days Payables Outstanding56.5647.84127.4569.1985.624.1481.81
Short-Term Debt2.32M4.18M8.49M2.27M15.7M4.11M12.22M
Deferred Revenue (Current)0-1000K1000K1000K1000K1000K1000K
Other Current Liabilities2.28M22.4M105.11M14.62M7.09M100.19M21.72M
Current Ratio4.29x0.04x0.25x7.36x5.85x1.96x4.82x
Quick Ratio3.71x-0.14x0.22x7.09x5.64x1.72x4.23x
Cash Conversion Cycle97.8869.0150.05150.6481.49137.26149.88
Total Non-Current Liabilities+21.35M12.07M14.42M143.68M225.06M202.98M411.11M
Long-Term Debt18.02M14.79M12.35M5.62M155.7M156.74M369.1M
Capital Lease Obligations000010.12M10.85M14.28M
Deferred Tax Liabilities00019.53M7.82M13.7M11.66M
Other Non-Current Liabilities3.32M-2.72M1.67M106.08M47.24M21.7M4.11M
Total Liabilities29.37M35.5M136.62M177.4M289.02M341.85M495.99M
Total Debt+20.35M18.97M20.83M7.89M183.47M174.34M398.58M
Net Debt-3.82M18.47M2.13M-211.19M-138.16M22.67M124.33M
Debt / Equity1.67x0.06x-0.03x0.58x0.37x0.89x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage---8.77x-60.36x-70.41x-15.66x-18.37x
Total Equity+12.17M316.27M-101.49M291.86M314.33M477.02M445.39M
Equity Growth %-24.98%-1.32%3.88%0.08%0.52%-0.07%
Book Value per Share0.112.85-0.814.172.653.292.54
Total Shareholders' Equity10.54M312.89M-110.31M313.05M312.81M446.15M417.89M
Common Stock41.47M347.46M6K14K15K18K21K
Retained Earnings-31.35M-34.58M-153.26M-200.42M-243.82M-361.44M-494.04M
Treasury Stock0000000
Accumulated OCI-160K-241K-209K-1.44M-11.95M-6.17M-24.66M
Minority Interest1.63M3.38M8.82M-21.19M1.52M30.88M27.51M

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-14.73M-14.88M-21.22M-55.82M-76.75M-104.39M-58.6M
Operating CF Margin %-0.51%-0.65%-0.94%-1.15%-0.69%-0.47%-0.27%
Operating CF Growth %--0.01%-0.43%-1.63%-0.37%-0.36%0.44%
Net Income-10.21M-20.45M-98.36M-118.61M-52.79M-117.63M-144.19M
Depreciation & Amortization1.82M4.18M2.65M5.97M16.76M34.59M43.06M
Stock-Based Compensation00022.91M41.88M43.71M67.24M
Deferred Taxes000-516K-2M-4.2M-5.37M
Other Non-Cash Items-732K2.69M78.88M43.67M-62.51M-2.71M-20.43M
Working Capital Changes-5.62M-1.29M-4.38M-9.24M-18.09M-58.15M1.08M
Change in Receivables-3.1M280K-1.3M-4.48M-12.16M-32.2M9.59M
Change in Inventory-2.61M-1.86M767K-3.17M-4.3M-5.79M-16.97M
Change in Payables00-207K-2.48M7.42M-1.7M10.99M
Cash from Investing+-2.46M-2.2M-771K-84.33M-16.27M-107.74M-19.26M
Capital Expenditures-842K-1.66M-771K-4.07M-7.57M-12.75M-14.34M
CapEx % of Revenue0.03%0.07%0.03%0.08%0.07%0.06%0.07%
Acquisitions-------
Investments-------
Other Investing-1.62M-544K-6.18M000-1.72M
Cash from Financing+39.29M125K33.47M340.65M192.66M43.57M209.33M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing27.83M1.88M5.78M353.31M-18.04M-10.23M-32.91M
Net Change in Cash-------
Free Cash Flow+-15.58M-16.53M-21.99M-59.89M-84.31M-117.14M-72.94M
FCF Margin %-0.54%-0.73%-0.97%-1.24%-0.76%-0.52%-0.34%
FCF Growth %--0.06%-0.33%-1.72%-0.41%-0.39%0.38%
FCF per Share-0.15-0.15-0.18-0.86-0.71-0.81-0.42
FCF Conversion (FCF/Net Income)1.44x0.73x0.22x0.63x1.77x0.89x0.44x
Interest Paid01.79M00000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-83.83%-12.46%-90.79%-92.5%-14.32%-29.73%-28.75%
Return on Invested Capital (ROIC)-76.14%-8.27%-12.26%-69.54%-69.57%-30.06%-23.86%
Gross Margin33.51%-58.08%42.32%40.71%45.4%-24.7%41.68%
Net Margin-35.52%-90.06%-431.22%-181.86%-39.17%-52.71%-61.2%
Debt / Equity1.67x0.06x-0.03x0.58x0.37x0.89x
Interest Coverage---8.77x-60.36x-70.41x-15.66x-18.37x
FCF Conversion1.44x0.73x0.22x0.63x1.77x0.89x0.44x
Revenue Growth--20.94%-0.45%114.12%128.86%101.42%-2.91%

Revenue by Segment

2021202220232024
Product43.8M89.46M195.62M202.7M
Product Growth-104.26%118.68%3.62%
Service4.62M21.34M27.55M13.98M
Service Growth-362.31%29.08%-49.23%

Revenue by Geography

2021202220232024
CHINA25.97M43.97M101.32M98.31M
CHINA Growth-69.29%130.44%-2.98%
UNITED STATES11.31M39.91M53.56M38.2M
UNITED STATES Growth-252.82%34.18%-28.68%
Europe4.93M16.71M36.04M37.34M
Europe Growth-239.14%115.65%3.59%
Asia Pacific Excluding China1.01M3.93M2.95M21.25M
Asia Pacific Excluding China Growth-290.85%-25.00%620.41%
North America Excluding United States-4.79M8.47M4.44M
North America Excluding United States Growth--77.01%-47.63%
South America-1.48M2.05M1.95M
South America Growth--38.78%-5.21%
Korea (South), Won--18.77M-
Korea (South), Won Growth----
Latin America5.19M---
Latin America Growth----

Frequently Asked Questions

Growth & Financials

indie Semiconductor, Inc. (INDI) reported $217.4M in revenue for fiscal year 2024. This represents a 657% increase from $28.7M in 2018.

indie Semiconductor, Inc. (INDI) saw revenue decline by 2.9% over the past year.

indie Semiconductor, Inc. (INDI) reported a net loss of $144.5M for fiscal year 2024.

Dividend & Returns

indie Semiconductor, Inc. (INDI) has a return on equity (ROE) of -28.8%. Negative ROE indicates the company is unprofitable.

indie Semiconductor, Inc. (INDI) had negative free cash flow of $64.6M in fiscal year 2024, likely due to heavy capital investments.

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