Section 1: Company Overview and Fundamentals
1.1 Company Overview:
Indie Semiconductor Inc. (NASDAQ: INDI) is a provider of automotive semiconductors and software solutions. It offers its solutions for applications involving electrification, connected cars, user experience, and advanced driver assistance systems (ADAS).
1.2 The Key Positives, Negatives, Investment Highlights, and Risks
1.3 Top 10 Shareholders:
The top 10 shareholders together form ~65.45% of the total shareholding. Anthem Strategic Capital LLC and Walden CEL Global Fund I, LP, are holding the maximum stake in the company at ~11.52% and ~9.50%, respectively.
1.4 Key Metrics:
Since its inception, the firm has seen an increase in revenues and gross profits, which is largely driven by increasing demand for semiconductors in across the globe. In addition, the company continues to maintain gross margins above 40% for last two years, which is an improvement from 30.80% in FY19.
Section 2: Business Updates and Financial Highlights
2.1 Recent Updates:
The below picture gives an overview of the recent updates:
2.2 Insights of Q1FY22:
Section 3: Key Risks and Outlook
Section 4: Stock Recommendation Summary:
4.1 Price Performance and Technical Summary:
4.2 Fundamental Valuation
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: The reference data in this report has been partly sourced from REFINITIV
Note 2: Investment decisions should be made depending on the investors’ appetite for upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the analysis has been achieved and subject to the factors discussed above alongside support levels provided.
Note 3: The report publishing date is as per the Pacific Time Zone.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest.
Stop-loss: In general, it is a level to protect further losses in case of any unfavorable movement in the stock prices.
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