indie Semiconductor, Inc.

NasdaqCM:INDI Stock Report

Market Cap: US$918.7m

indie Semiconductor Valuation

Is INDI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of INDI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate INDI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate INDI's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INDI?

Key metric: As INDI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for INDI. This is calculated by dividing INDI's market cap by their current revenue.
What is INDI's PS Ratio?
PS Ratio3.7x
SalesUS$228.81m
Market CapUS$918.72m

Price to Sales Ratio vs Peers

How does INDI's PS Ratio compare to its peers?

The above table shows the PS ratio for INDI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
JKS JinkoSolar Holding
0.08x13.1%US$1.1b
NVTS Navitas Semiconductor
3.7x19.2%US$347.4m
WOLF Wolfspeed
1x22.9%US$822.5m
CSIQ Canadian Solar
0.1x13.8%US$731.8m
INDI indie Semiconductor
3.7x33.7%US$947.0m

Price-To-Sales vs Peers: INDI is expensive based on its Price-To-Sales Ratio (3.7x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does INDI's PS Ratio compare vs other companies in the US Semiconductor Industry?

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
UCTT Ultra Clean Holdings
0.8x10.5%US$1.60b
JKS JinkoSolar Holding
0.08x13.1%US$1.11b
PENG Penguin Solutions
0.8x11.9%US$911.79m
CSIQ Canadian Solar
0.1x13.8%US$780.73m
INDI 3.7xIndustry Avg. 3.7xNo. of Companies19PS03.67.210.814.418+
19 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: INDI is expensive based on its Price-To-Sales Ratio (3.7x) compared to the US Semiconductor industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is INDI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INDI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.7x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: INDI is expensive based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst INDI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.65
US$8.29
+78.2%
22.1%US$11.00US$5.00n/a7
Nov ’25US$3.49
US$9.00
+157.9%
20.6%US$12.00US$7.00n/a7
Oct ’25US$3.75
US$8.79
+134.4%
20.7%US$12.00US$7.00n/a8
Sep ’25US$4.15
US$8.79
+111.8%
20.7%US$12.00US$7.00n/a8
Aug ’25US$5.41
US$10.10
+86.8%
17.6%US$13.50US$7.33n/a8
Jul ’25US$6.21
US$10.10
+62.7%
17.6%US$13.50US$7.33n/a8
Jun ’25US$6.67
US$10.10
+51.5%
17.6%US$13.50US$7.33n/a8
May ’25US$5.48
US$11.48
+109.5%
25.4%US$17.00US$7.33n/a8
Apr ’25US$7.20
US$12.07
+67.7%
21.7%US$17.00US$10.00n/a7
Mar ’25US$6.86
US$12.07
+76.0%
21.7%US$17.00US$10.00n/a7
Feb ’25US$6.15
US$13.36
+117.2%
17.3%US$17.00US$10.00n/a7
Jan ’25US$8.11
US$13.36
+64.7%
17.3%US$17.00US$10.00n/a7
Dec ’24US$7.48
US$13.36
+78.6%
17.3%US$17.00US$10.00n/a7
Nov ’24US$4.75
US$13.92
+193.0%
14.4%US$17.00US$12.00US$3.496
Oct ’24US$6.30
US$13.92
+120.9%
14.4%US$17.00US$12.00US$3.756
Sep ’24US$6.91
US$13.92
+101.4%
14.4%US$17.00US$12.00US$4.156
Aug ’24US$9.29
US$15.67
+68.6%
15.9%US$20.00US$12.00US$5.416
Jul ’24US$9.40
US$15.67
+66.7%
15.9%US$20.00US$12.00US$6.216
Jun ’24US$9.39
US$15.67
+66.8%
15.9%US$20.00US$12.00US$6.676
May ’24US$7.59
US$15.67
+106.4%
15.9%US$20.00US$12.00US$5.486
Apr ’24US$10.55
US$15.67
+48.5%
15.9%US$20.00US$12.00US$7.206
Mar ’24US$10.49
US$15.33
+46.2%
16.7%US$20.00US$12.00US$6.866
Feb ’24US$7.96
US$13.50
+69.6%
28.9%US$20.00US$10.00US$6.156
Jan ’24US$5.83
US$13.50
+131.6%
28.9%US$20.00US$10.00US$8.116
Dec ’23US$7.89
US$13.50
+71.1%
28.9%US$20.00US$10.00US$7.486
Nov ’23US$7.67
US$14.17
+84.7%
30.1%US$20.00US$10.00US$4.756

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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