indie Semiconductor, Inc. (INDI) vs NVE Corporation (NVEC)

indie Semiconductor, Inc. and NVE Corporation are both Semiconductors companies. indie Semiconductor, Inc. is the larger, with a market value of $718.6M against $515.9M — 1.4× the size. indie Semiconductor, Inc. has negative trailing earnings, so its P/E is not meaningful; NVE Corporation trades at 29.3×. NVE Corporation grew revenue faster over the last twelve months: 24.1% against 6.19%. NVE Corporation has the higher net margin (57.6% vs −64.8%) and the higher return on invested capital (31.9% vs −15.5%). Across the 19 metrics below, NVE Corporation leads on 13 and indie Semiconductor, Inc. on 6.

Valuation

Metric INDI NVEC Semiconductors median
P/E n/m 29.34 49.41
P/S 2.77 16.89 8.58
P/B 1.99 8.83 5.49
Price to free cash flow n/m 33.87 47.02
EV/EBITDA n/m 25.61 30.78
EV/Sales 3.93 16.19 8.79
Earnings yield (24.17%) 3.41% 0.62%
Free cash flow yield (13.35%) 2.95% 0.59%

Profitability

Metric INDI NVEC Semiconductors median
Gross margin 37.77% 79.26% 52.25%
Operating margin (63.27%) 62.07% 4.85%
Net margin (64.78%) 57.64% 4.77%
Free cash flow margin (36.23%) 49.86% 8.65%
Return on equity (40.62%) 29.81% 3.11%
Return on assets (17.52%) 28.67% 1.91%
Return on invested capital (15.51%) 31.91% 2.46%

Growth

Metric INDI NVEC Semiconductors median
Revenue growth (TTM) 6.19% 24.07% 16.66%
EPS growth (last fiscal year) 3.95% 0.96% —
Revenue growth, 5-year CAGR 57.25% 4.27% 5.60%
Net income growth, 5-year CAGR 0.00% 5.38% 0.00%

Health

Metric INDI NVEC Semiconductors median
Debt to equity 1.29 0.00 0.05
Current ratio 3.65 23.72 3.35
Net debt to EBITDA (1.83) (1.24) 0.58

Dividend

Metric INDI NVEC Semiconductors median
Dividend yield — 4.95% 1.93%
Payout ratio 0.00 0.84 0.00

Size

Metric INDI NVEC Semiconductors median
Market cap 718.61m 515.88m 5.67b

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