Diodes Inc

Technology
Semiconductors
www.diodes.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.92B
PE 48
Debt $23.61M
Cash $311.86M
EV $2.63B
FCF -$4.62M

Earnings

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Sales & Net Margins

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Earnings	$61.08M
EBIT	$78.29M
ROE	3%
ROA	3%
FCF	-$4.62M
Equity	$1.88B
Growth Stability	-5%
PE	47.75
PEG	7.84
PB	1.55
P/FCF	-631.19
P/S	2.25
Price/Cash	0.11
Debt/Equity	0.01
Debt/FCF	-5.11
Net Margins	4%
Gross Margins	34%
Op. Margins	6%
Earnings CAGR	46%
Sales Growth YoY	-13%
Sales Growth QoQ	9%
Sales CAGR	9%
FCF CAGR	10%
Equity CAGR	10%
Earnings Stability	0.66
Earnings Growth YoY	-72%
Earnings Growth QoQ	72%

Earnings CAGR 5Y	6%
Sales CAGR 5Y	6%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	14%
Earnings CAGR 3Y	-13%
Sales CAGR 3Y	-13%
FCF CAGR 3Y	-19%
Equity CAGR 3Y	15%
Market Cap	$2.92B
Revenue	$1.29B
Assets	$2.39B
Total Debt	$23.61M
Cash	$311.86M
Shares Outstanding	46.17M
EV	2.63B
Earnings Score	91%
Moat Score	46%
Safety Score	38%
Final Score	58%
Working Capital	909.66M
Current Ratio	3.58
Gross Profit	$437.45M
Shares Growth 3y	1%
Equity Growth QoQ	2%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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Diodes Inc is a global manufacturer and supplier of application-specific products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. It serves the customer electronics, computing, communications, industrial, and automotive markets. Semiconductors are designed for the diverse end-use application and provide signal amplification and switching functions that serve as vital components of nearly every electronic device. The company focuses on low pin count semiconductor devices with few active or passive components and offers these products throughout Asia, North America, and Europe. Diodes' global customer base includes original equipment manufacturers and electronic manufacturing services, providers.

SEC Filings

Direct access to Diodes Inc (DIOD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Diodes Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Diodes Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 46%

Stability 66%

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Diodes Inc Discounted Cash Flow

Fully customizable DCF calculator online for Diodes Inc .

Years

Calculation mode

= -$91M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$4.6M	-$5.1M	-$5.6M	-$6.1M	-$6.7M	-$7.4M	-$8.1M	-$8.9M	-$9.7M	-$11M	-$12M	-$117M
DCF		-$4.6M	-$4.6M	-$4.6M	-$4.6M	-$4.6M	-$4.6M	-$4.5M	-$4.5M	-$4.5M	-$4.5M	-$45M
Value	-$91M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	7%	3%	2%	-0%	9%	12%	8%	13%	17%	14%	4%
ROA	-	3%	2%	5%	10%	12%	7%	14%	18%	12%	3%
ROE	-	3%	2%	-0%	11%	13%	10%	18%	21%	13%	3%

Bad Net Margins (3.68%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-31.49	6.71	4.16	2.48	1	3	1.53	0.84	0.2	-5.11
Debt over Equity	0.17	0.57	0.54	0.33	0.25	0.11	0.33	0.23	0.1	0.01	0.01
Growth Stability	-	-	-	-5%	100%	100%	100%	100%	100%	100%	-5%

Good Debt/FCF ratio (-5.11)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.01)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-5%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-5%	11%	17%	10%	3%	-2%	47%	11%	-17%	6%
Earnings YoY growth	-	-62%	-34%	-111%	-6K%	47%	-36%	133%	45%	-31%	6%
Equity YoY growth	-	4%	-3%	7%	12%	18%	-12%	28%	22%	14%	14%
FCF YoY growth	-	-120%	-537%	6%	40%	34%	-15%	77%	-8%	-28%	-2%