In the rapidly evolving automotive landscape, the competition between Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI) showcases two distinct approaches to innovation in vehicle technology. Mobileye, a leader in advanced driver assistance systems (ADAS), leverages its expertise in autonomous driving solutions, while indie focuses on semiconductor technology for connected cars and user experience. Both companies are critical players in the same industry, addressing overlapping markets with their unique strategies. As we delve into this comparison, I will help you determine which company presents the most compelling opportunity for investment.
Table of contents
Company Overview
Mobileye Global Inc. Overview
Mobileye Global Inc. (ticker: MBLY) is a leader in advanced driver assistance systems (ADAS) and autonomous driving technologies, headquartered in Jerusalem, Israel. Founded in 1999, the company aims to enhance vehicle safety through innovative solutions, including real-time detection and emergency interventions. Mobileye’s offerings range from basic driver assistance tools to sophisticated autonomous driving systems, like Mobileye Chauffeur and Mobileye Drive. With a market capitalization of approximately $9.62B, Mobileye operates as a subsidiary of Intel, leveraging advanced technology to position itself at the forefront of the automotive industry’s shift towards automation.
indie Semiconductor, Inc. Overview
indie Semiconductor, Inc. (ticker: INDI), established in 2007 and based in Aliso Viejo, California, specializes in automotive semiconductors and software solutions. The company focuses on advanced driver assistance systems, connected car technologies, and electrification applications. With a more diverse portfolio that includes components for telematics and user experience enhancements, indie has carved out a niche in the rapidly evolving automotive electronics market. With a current market capitalization of around $721M, indie Semiconductor is recognized for its innovation in automotive devices and components, addressing the growing demand for connectivity and user-centered technology in vehicles.
Key similarities and differences
Both Mobileye and indie Semiconductor operate in the automotive technology sector, focusing on advanced driver assistance systems. However, while Mobileye is primarily centered on developing comprehensive driving solutions, indie Semiconductor emphasizes semiconductor technology and software for connectivity and user experience. This distinction highlights Mobileye’s focus on safety and automation versus indie’s broader approach to automotive electronics.
Income Statement Comparison
The following table presents a comparative overview of the income statements for Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI) for their most recent fiscal year.
| Metric | Mobileye Global Inc. (MBLY) | indie Semiconductor, Inc. (INDI) |
|---|---|---|
| Market Cap | 9.62B | 721M |
| Revenue | 1.65B | 217M |
| EBITDA | -2.66B | -94M |
| EBIT | -3.16B | -137M |
| Net Income | -3.09B | -133M |
| EPS | -3.82 | -0.76 |
| Fiscal Year | 2024 | 2024 |
Interpretation of Income Statement
In the most recent fiscal year, Mobileye experienced a decline in revenue to 1.65B, down from 2.08B the previous year, while indie’s revenue slightly decreased to 217M from 223M. Both companies reported significant net losses, with Mobileye posting -3.09B and indie -133M. This indicates ongoing challenges in profitability and margin management. Mobileye’s EBITDA and EBIT margins remained negative, reflecting substantial operational costs, whereas indie’s margins also did not show improvement. Overall, both companies are in a phase of financial strain, emphasizing the need for strategic adjustments to enhance operational efficiency and revenue generation.
Financial Ratios Comparison
In the table below, I present a comparison of key financial metrics between Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI). These ratios can help us understand each company’s financial health and operational efficiency.
| Metric | Mobileye (MBLY) | indie Semiconductor (INDI) |
|---|---|---|
| ROE | -25.56% | -31.73% |
| ROIC | -25.70% | -19.25% |
| P/E | -5.24 | -5.35 |
| P/B | 1.34 | 1.70 |
| Current Ratio | 6.53 | 4.82 |
| Quick Ratio | 5.28 | 4.23 |
| D/E | 0.004 | 0.954 |
| Debt-to-Assets | 0.004 | 0.213 |
| Interest Coverage | 0 | -18.37 |
| Asset Turnover | 0.13 | 0.23 |
| Fixed Asset Turnover | 3.61 | 4.30 |
| Payout Ratio | 0 | 0 |
| Dividend Yield | 0% | 0% |
Interpretation of Financial Ratios
Both companies show negative return on equity (ROE) and return on invested capital (ROIC), indicating ongoing operational challenges. Mobileye has a stronger current and quick ratio, suggesting better short-term liquidity compared to indie Semiconductor. However, indie has a higher debt-to-assets ratio, which indicates potential financial risk. The lack of dividends from both companies reflects a focus on reinvestment rather than returning capital to shareholders. Caution is warranted when considering investments in these firms due to their overall performance metrics.
Dividend and Shareholder Returns
Both Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI) do not pay dividends, reflecting their focus on reinvestment and growth strategies. MBLY, with a negative net income, prioritizes R&D and scaling operations, while INDI, facing operational challenges, similarly opts for capital reinvestment over distributions. Neither company engages in share buybacks, which emphasizes their commitment to long-term growth. This approach aligns with the potential for sustainable shareholder value creation, albeit at higher risk levels due to their current financial positions.
Strategic Positioning
Mobileye Global Inc. (MBLY) holds a dominant market share in advanced driver assistance systems (ADAS) and autonomous driving technologies, leveraging its strong technological edge and comprehensive product suite. In contrast, indie Semiconductor, Inc. (INDI) focuses on automotive semiconductors, positioning itself as a key player amidst rising competitive pressure from established firms. Both companies face potential technological disruption, necessitating ongoing innovation to maintain their market positions and address evolving consumer demands.
Stock Comparison
In this section, I will analyze the stock price movements and trading dynamics of Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI) over the past year, highlighting key price fluctuations and market behavior.
Trend Analysis
Mobileye Global Inc. (MBLY) Over the past year, MBLY has experienced a significant price change of -61.23%, indicating a bearish trend. Notably, the stock has shown deceleration in its price movement, with a standard deviation of 6.38, suggesting that the price fluctuations have been relatively volatile. The highest price reached during this period was 32.15, while the lowest was 10.91. Recently, from September 14, 2025, to November 30, 2025, MBLY’s price further declined by 13.15%, accompanied by a standard deviation of 1.1.
indie Semiconductor, Inc. (INDI) INDI has also faced considerable challenges, with an overall price change of -49.72%, which confirms a bearish trend. The stock is currently showing acceleration in its decline, with a standard deviation of 1.5, reflecting moderate volatility. The highest price recorded was 7.49, while the lowest stood at 1.6. In the recent period from September 14, 2025, to November 30, 2025, INDI’s price fell by 8.25%, with a standard deviation of 0.74, indicating a relatively stable decline compared to MBLY.
In summary, both stocks are currently in bearish trends, with significant price declines over the past year, and I recommend monitoring their performance closely for any signs of stabilization or reversal.
Analyst Opinions
Recent analyst recommendations for Mobileye Global Inc. (MBLY) show a cautious stance, with a rating of C+ from various experts. Analysts highlight concerns regarding return on equity and asset performance, suggesting a hold strategy. Similarly, indie Semiconductor, Inc. (INDI) received a C rating, reflecting challenges in discounted cash flow and earnings ratios. The consensus for both stocks leans towards a hold for the current year, indicating that while there’s potential, caution is warranted in these volatile markets.
Stock Grades
In evaluating the current stock ratings for Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI), we find reliable grades from well-known grading companies.
Mobileye Global Inc. Grades
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Goldman Sachs | maintain | Neutral | 2025-11-26 |
| Tigress Financial | maintain | Buy | 2025-10-30 |
| TD Cowen | maintain | Buy | 2025-10-24 |
| Mizuho | maintain | Neutral | 2025-10-24 |
| Barclays | maintain | Equal Weight | 2025-10-10 |
| Goldman Sachs | maintain | Neutral | 2025-09-29 |
| B of A Securities | maintain | Neutral | 2025-09-10 |
| Baird | maintain | Outperform | 2025-09-03 |
| RBC Capital | maintain | Sector Perform | 2025-07-29 |
| Canaccord Genuity | maintain | Buy | 2025-07-25 |
indie Semiconductor, Inc. Grades
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| UBS | maintain | Neutral | 2025-11-10 |
| Benchmark | maintain | Buy | 2025-06-25 |
| Benchmark | maintain | Buy | 2025-06-11 |
| Benchmark | maintain | Buy | 2025-05-21 |
| Benchmark | maintain | Buy | 2025-05-13 |
| Craig-Hallum | maintain | Buy | 2025-05-13 |
| Keybanc | maintain | Overweight | 2025-05-13 |
| Benchmark | maintain | Buy | 2025-04-09 |
| Benchmark | maintain | Buy | 2025-02-21 |
| Keybanc | maintain | Overweight | 2025-02-21 |
Overall, MBLY shows a mix of neutral and buy recommendations, indicating a stable outlook, while INDI has a consistent buy rating from Benchmark, suggesting strong market confidence in its performance.
Target Prices
The consensus target prices for the two companies provide insights into analyst expectations.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| Mobileye Global Inc. | 25 | 13 | 18.33 |
| indie Semiconductor, Inc. | 8 | 8 | 8 |
For Mobileye Global Inc. (MBLY), the consensus target price of 18.33 suggests significant upside potential compared to its current price of 11.82. Meanwhile, indie Semiconductor, Inc. (INDI) has a target consensus of 8, aligning closely with its current price of 3.56, indicating a more stable outlook.
Strengths and Weaknesses
The following table summarizes the strengths and weaknesses of Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI) to help investors make informed decisions.
| Criterion | Mobileye Global Inc. (MBLY) | indie Semiconductor, Inc. (INDI) |
|---|---|---|
| Diversification | High; focuses on ADAS and autonomous systems | Moderate; specializes in automotive semiconductors |
| Profitability | Negative profit margins; improving gross margin | Negative profit margins; lower gross margin |
| Innovation | Strong R&D in autonomous driving | Developing innovative semiconductor solutions |
| Global presence | Global reach with strategic partnerships | Primarily focused on North America |
| Market Share | Growing presence in the ADAS market | Niche player in automotive semiconductors |
| Debt level | Very low debt levels (debt-to-equity 0.004) | Higher debt levels (debt-to-equity 0.954) |
In conclusion, Mobileye shows strong innovation and low debt, while indie Semiconductor faces challenges with higher debt and profitability. Investors should weigh these factors based on their risk tolerance and investment strategy.
Risk Analysis
In the table below, I outline key risks associated with Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI) to help investors assess potential challenges they may face.
| Metric | Mobileye Global Inc. | indie Semiconductor, Inc. |
|---|---|---|
| Market Risk | High | Moderate |
| Regulatory Risk | Moderate | High |
| Operational Risk | High | Moderate |
| Environmental Risk | Low | Moderate |
| Geopolitical Risk | Moderate | High |
Both companies face several risks that could impact their performance. Market volatility and regulatory changes, particularly in the semiconductor and automotive sectors, are significant concerns. For instance, INDI’s high debt-to-equity ratio (0.953) underscores its reliance on leverage, posing financial risks amidst changing market conditions.
Which one to choose?
When comparing Mobileye Global Inc. (MBLY) and indie Semiconductor, Inc. (INDI), both companies exhibit challenges in profitability, reflected by their negative net profit margins. Mobileye has a higher market cap of 16.2B and an analyst rating of C+, suggesting more favorable fundamentals than INDI, which has a market cap of 0.71B and a C rating. Despite MBLY’s bearish stock trend, it shows a less severe decline in price, while INDI has experienced a greater drop. Both companies are investing heavily in R&D, which is crucial for their future growth but presents high cash burn risks.
Investors focused on growth may prefer Mobileye due to its larger market presence and slightly better financial metrics, while those seeking a speculative opportunity may consider indie Semiconductor for potential upside in a recovering market.
Disclaimer: This article is not financial advice. Each investor is responsible for their own investment decisions.
Go further
I encourage you to read the complete analyses of Mobileye Global Inc. and indie Semiconductor, Inc. to enhance your investment decisions:
