Diodes Inc

Technology
Semiconductors
www.diodes.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.59B
PE 59
Debt $21.76M
Cash $308.67M
EV $2.31B
FCF $46.41M

Earnings

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Sales & Net Margins

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Earnings	$44.02M
EBIT	$62.68M
ROE	2%
ROA	3%
FCF	$46.41M
Equity	$1.87B
Growth Stability	17%
PE	58.9
PEG	-18.77
PB	1.39
P/FCF	55.87
P/S	1.98
Price/Cash	0.12
Debt/Equity	0.01
Debt/FCF	0.47
Net Margins	3%
Gross Margins	33%
Op. Margins	5%
Earnings CAGR	42%
Sales Growth YoY	5%
Sales Growth QoQ	-3%
Sales CAGR	8%
FCF CAGR	8%
Equity CAGR	10%
Earnings Stability	0.56
Earnings Growth YoY	-67%
Earnings Growth QoQ	-40%

Earnings CAGR 5Y	-3%
Sales CAGR 5Y	4%
FCF CAGR 5Y	-8%
Equity CAGR 5Y	14%
Earnings CAGR 3Y	-16%
Sales CAGR 3Y	-16%
FCF CAGR 3Y	-28%
Equity CAGR 3Y	13%
Market Cap	$2.59B
Revenue	$1.31B
Assets	$2.39B
Total Debt	$21.76M
Cash	$308.67M
Shares Outstanding	46.21M
EV	2.31B
Earnings Score	86%
Moat Score	40%
Safety Score	68%
Final Score	65%
Working Capital	848.56M
Current Ratio	3.26
Gross Profit	$435.86M
Shares Growth 3y	1%
Equity Growth QoQ	-1%
Equity Growth YoY	3%

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-K Dec 31
- 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 42%

Stability 56%

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Diodes Inc Discounted Cash Flow

Fully customizable DCF calculator online for Diodes Inc .

Years

Calculation mode

= $793M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$46M	$50M	$54M	$58M	$63M	$67M	$73M	$78M	$84M	$91M	$98M	$980M
DCF		$45M	$45M	$44M	$43M	$42M	$41M	$40M	$39M	$39M	$38M	$378M
Value	$793M

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	3%	2%	-0%	9%	12%	8%	13%	17%	14%	3%	3%
ROA	-	2%	5%	10%	12%	7%	14%	18%	12%	3%	3%
ROE	-	2%	-0%	11%	13%	10%	18%	21%	13%	2%	2%

Bad Net Margins (3.36%)

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	6.71	4.16	2.48	1	3	1.53	0.84	0.2	0.47	0.47
Debt over Equity	0.57	0.54	0.33	0.25	0.11	0.33	0.23	0.1	0.01	0.01	0.01
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	17%	17%

Good Debt/FCF ratio (0.47)

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 (17%)

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	11%	17%	10%	3%	-2%	47%	11%	-17%	-21%	4%
Earnings YoY growth	-	-34%	-111%	-6K%	47%	-36%	133%	45%	-31%	-81%	-3%
Equity YoY growth	-	-3%	7%	12%	18%	-12%	28%	22%	14%	3%	14%
FCF YoY growth	-	-537%	6%	40%	34%	-15%	77%	-8%	-28%	-64%	-8%