indie Semiconductor, Inc. INDI

Competitive advantage analysis · technology

Corporate Default
Overall moat score
20/100
Weak

About indie Semiconductor, Inc.

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, driver automation, in-cabin, connected car, and electrification applications. It offers ultrasonic sensors for parking assist and systems; radar sensors for audio assistance and reverse information; front cameras for vehicle detection, collision avoidance, and sign reading; and side/inside cameras for blind spot and lane change assist, and … Full INDI analysis →

Competitive advantage assessment

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 1.00), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 10.7th percentile suggests inefficient capital deployment.
  • Below-Peer Operating Efficiency Operating margin at 7.1th percentile indicates below-peer efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
12

Where INDI ranks in Semiconductor Equipment & Materials

indie Semiconductor, Inc. ranks #28 of 29 scored companies in Semiconductor Equipment & Materials by moat score — the top 97%. The widest moat in the group is ASML Holding N.V. - New York Re (ASML) at 83/100.

Moat scores for companies ranked near INDI in Semiconductor Equipment & Materials
# Company Moat score Rating
21 Ichor Holdings ICHR 34/100 Developing
22 Cohu, Inc. COHU 32/100 Developing
23 Ultra Clean Holdings, Inc. UCTT 32/100 Developing
24 Aehr Test Systems AEHR 25/100 Weak
25 DAQO New Energy Corp. DQ 22/100 Weak
26 AXT Inc AXTI 22/100 Weak
27 Amtech Systems, Inc. ASYS 22/100 Weak
28 indie Semiconductor, Inc. INDI 20/100 Weak
29 Atomera Incorporated ATOM 9/100 Weak

See every General Corporate company ranked by moat score →

How INDI scores on the Corporate Default defenses

Pricing Power

Score 12 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 11 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 14 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 6 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 28 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 56 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding INDI's moat

What is indie Semiconductor, Inc.'s moat score?

indie Semiconductor, Inc. (INDI) scores 20 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #28 of 29 scored companies in Semiconductor Equipment & Materials, the top 97%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 28 companies in Semiconductor Equipment & Materials. Its strongest defense is Scale & Market Position (56/100) and its weakest is Capital Efficiency (6/100).

How does indie Semiconductor, Inc. compare with other Semiconductor Equipment & Materials companies?

indie Semiconductor, Inc. ranks #28 of 29 scored companies in Semiconductor Equipment & Materials by moat score. The widest moat in Semiconductor Equipment & Materials is ASML Holding N.V. - New York Re (ASML) at 83/100. The companies ranked closest are Amtech Systems, Inc. (ASYS) at 22 just above it and Atomera Incorporated (ATOM) at 9 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 28 companies in Semiconductor Equipment & Materials. The defenses are then weighted to produce the overall score out of 100.

Why is indie Semiconductor, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for indie Semiconductor, Inc.?

The Corporate Default template measures 6 defenses, and INDI scores: Pricing Power (12), Cost Advantage (11), Customer Stickiness (14), Capital Efficiency (6), Resilience (28), Scale & Market Position (56). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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