indie Semiconductor, Inc. (INDI) vs EVERSPIN TECH (MRAM)

indie Semiconductor, Inc. and EVERSPIN TECH are both Semiconductors companies. indie Semiconductor, Inc. is the larger, with a market value of $718.6M against $442.0M — 1.6× the size. EVERSPIN TECH grew revenue faster over the last twelve months: 20.9% against 6.19%. EVERSPIN TECH has the higher net margin (−4.22% vs −64.8%) and the lower return on invested capital (−20.8% vs −15.5%). Across the 18 metrics below, EVERSPIN TECH leads on 11 and indie Semiconductor, Inc. on 7.

Valuation

Metric INDI MRAM Semiconductors median
P/E n/m n/m 49.41
P/S 2.77 7.06 8.58
P/B 1.99 6.03 5.49
Price to free cash flow n/m n/m 47.02
EV/EBITDA n/m n/m 30.78
EV/Sales 3.93 6.45 8.79
Earnings yield (24.17%) (0.58%) 0.62%
Free cash flow yield (13.35%) (1.64%) 0.59%

Profitability

Metric INDI MRAM Semiconductors median
Gross margin 37.77% 52.28% 52.25%
Operating margin (63.27%) (15.55%) 4.85%
Net margin (64.78%) (4.22%) 4.77%
Free cash flow margin (36.23%) (11.55%) 8.65%
Return on equity (40.62%) (3.84%) 3.11%
Return on assets (17.52%) (3.13%) 1.91%
Return on invested capital (15.51%) (20.78%) 2.46%

Growth

Metric INDI MRAM Semiconductors median
Revenue growth (TTM) 6.19% 20.89% 16.66%
EPS growth (last fiscal year) 3.95% (175.00%) —
Revenue growth, 5-year CAGR 57.25% 5.60% 5.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INDI MRAM Semiconductors median
Debt to equity 1.29 0.00 0.05
Current ratio 3.65 4.74 3.35
Net debt to EBITDA (1.83) 13.49 0.58

Dividend

Metric INDI MRAM Semiconductors median
Dividend yield — — 1.93%
Payout ratio 0.00 0.00 0.00

Size

Metric INDI MRAM Semiconductors median
Market cap 718.61m 441.95m 5.67b

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