Indie Semiconductor Intrinsic Stock Value – INDIE SEMICONDUCTOR Reports Earnings for FY2023 Q2, Ending June 30 2023
August 12, 2023
🌥️Earnings Overview
INDIE SEMICONDUCTOR ($NASDAQ:INDI) announced its financial results for the second quarter (Q2) of FY2023, ending June 30 2023, on August 10 2023. Overall, revenue was USD 52.1 million, rising by 102.3% from the corresponding quarter of the year before. Net income came in at USD -13.1 million, compared to the negative figure of -4.2 million seen in the same quarter of the prior year.
Share Price
On Thursday, INDIE SEMICONDUCTOR reported its earnings for the fiscal year 2023 second quarter, ending June 30 2023. At the opening bell, INDIE SEMICONDUCTOR stock was at $8.3, however it closed the day at $7.9, a 2.8% decrease from its previous closing price of $8.2. The decrease in stock prices may be attributed to the announcement of the earnings report which was below the expected estimates. The company also noted that its overall revenue took a hit due to the decrease in demand for semiconductors due to the current pandemic situation.
Despite the decline in earnings, INDIE SEMICONDUCTOR is looking to the future and is planning to focus on new product development and investing in capital projects to increase efficiency and production. This quarter’s report highlights the importance of adapting quickly to changing market conditions in order to remain competitive. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Indie Semiconductor. More…
| Total Revenues | Net Income | Net Margin |
| 155.6 | -135.87 | -69.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Indie Semiconductor. More…
| Operations | Investing | Financing |
| -93.92 | -16.27 | 192.66 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Indie Semiconductor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 780.84 | 395.64 | 2.73 |
Key Ratios Snapshot
Some of the financial key ratios for Indie Semiconductor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -98.9% |
| FCF Margin | ROE | ROA |
| -66.9% | -25.7% | -12.3% |
Analysis – Indie Semiconductor Intrinsic Stock Value
At GoodWhale, we conducted an analysis of INDIE SEMICONDUCTOR‘s wellbeing. Our proprietary Valuation Line technology calculated the fair value of INDIE SEMICONDUCTOR’s shares to be around $19.0. Currently, however, INDIE SEMICONDUCTOR’s stock is traded at $7.9, which means that it is undervalued by 58.3%. This presents a great opportunity to buy the stock at a significant discount. More…
Peers
The company’s products are used in a variety of electronic devices and systems, including computers, cell phones, and industrial equipment. Indie Semiconductor‘s competitors include Odyssey Semiconductor Technologies Inc, ON Semiconductor Corp, and Infineon Technologies AG.
– Odyssey Semiconductor Technologies Inc ($OTCPK:ODII)
Odyssey Semiconductor Technologies Inc is a global provider of semiconductor solutions. It has a market cap of 12.47M as of 2022 and a return on equity of -124.16%. The company offers a wide range of semiconductor products and services, including integrated circuits, packaging, assembly, and test. It also provides engineering, design, and technical support services. Odyssey Semiconductor Technologies Inc is headquartered in Santa Clara, California.
– ON Semiconductor Corp ($NASDAQ:ON)
ON Semiconductor Corporation is a global semiconductor company that designs, develops, manufactures, and markets a wide range of semiconductor and system solutions for customers in the automotive, industrial, consumer, healthcare, and aerospace and defense markets.
The company’s market cap as of 2022 is 28.31B and its ROE is 34.96%. ON Semiconductor Corporation is a leading provider of semiconductor solutions, serving customers across a wide range of industries with a portfolio of power management, analog, digital, and mixed-signal devices.
– Infineon Technologies AG ($OTCPK:IFNNY)
Infineon Technologies AG is a German semiconductor manufacturer founded in 1999, when a part of the semiconductor operations of the parent company, Siemens AG, were spun off to form Infineon. The company offers a broad range of semiconductor products, including power management and control ICs, sensors, microcontrollers, and RF components. It serves the automotive, industrial, and consumer markets.
As of 2022, Infineon Technologies AG had a market capitalization of 32.9 billion euros and a return on equity of 11.63%. The company is a leading provider of semiconductor solutions, with a strong focus on power management and control ICs, sensors, microcontrollers, and RF components. It serves the automotive, industrial, and consumer markets.
Summary
INDIE SEMICONDUCTOR reported strong financial results for the second quarter of FY2023, with total revenue of USD52.1 million, up 102.3% from the same period in the previous year. Net income was USD-13.1 million, a decrease from the previous year’s quarter of USD-4.2 million. Despite the net loss, investors should note the impressive revenue growth and consider the potential for positive returns in the future.
INDIE SEMICONDUCTOR’s balance sheet and cash position remain strong, and it remains well-positioned to capitalize on the growth opportunities in its industry. Investors should continue to monitor the company’s performance to determine if it remains a viable investment opportunity.
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