A Business at a Glance
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DIODES INC /DEL/
DIOD
$4.0B
Mkt Cap
$87.11
-6.07%
DIODES INC /DEL/ (DIOD) has a current P/E ratio of 60.9, compared to its historical median P/E of 22.1. The stock is currently considered Expensive based on its historical valuation range.
DIODES INC /DEL/ (DIOD) has a 5-year average return on invested capital (ROIC) of 13.2%. This indicates solid capital allocation.
DIODES INC /DEL/ (DIOD) has a market capitalization of $4.0B. It is classified as a mid-cap stock.
DIODES INC /DEL/ (DIOD) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.84%.
Based on historical P/E analysis, DIODES INC /DEL/ (DIOD) appears expensive. The current P/E of 60.9 is 176% above its historical median of 22.1. The estimated fair value CAGR (P/E method) is -1.8%.
DIODES INC /DEL/ (DIOD) operates in the Semiconductors & Related Devices industry, within the Technology sector.
DIODES INC /DEL/ (DIOD) reported annual revenue of $1.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Diodes Incorporated, together with its subsidiaries (collectively the “Company,” “we,” or “our” (Nasdaq: DIOD)), delivers high-quality semiconductor products to the world’s leading companies in the automotive, industrial, computing, consumer electronics, and communications markets. We leverage our expanded product portfolio of analog and power solutions combined with a flexible hybrid manufacturing model that meet customers’ needs. Our broad range of application-specific products, delivered through a total solutions sales approach and supported by global operations including engineering, testing, manufacturing, and customer service, enable us to be a premier provider for high-growth markets. For more information, visit www.diodes.com.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.5B | 1.3B | 1.7B | 2.0B | 1.8B |
| Net Income | 86M | 66M | 44M | 227M | 331M | 229M |
| EPS | $1.85 | $1.43 | $0.95 | $4.91 | $7.20 | $5.00 |
| Free Cash Flow | 129M | 137M | 46M | 130M | 181M | 197M |
| ROIC | 2.9% | 1.9% | 2.7% | 14.9% | 27.8% | 18.6% |
| Gross Margin | 31.3% | 31.2% | 33.2% | 39.6% | 41.3% | 37.1% |
| Debt/Equity | 0.01 | 0.04 | 0.03 | 0.04 | 0.12 | 0.27 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 54M | 35M | 50M | 251M | 408M | 276M |
| Operating Margin | 3.5% | 2.4% | 3.8% | 15.1% | 20.4% | 15.3% |
| ROE | 4.5% | 3.6% | 2.5% | 14.0% | 24.1% | 20.8% |
| Shares Outstanding | 46M | 46M | 46M | 46M | 46M | 46M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 891M | 849M | 942M | 1.1B | 1.2B | 1.2B | 1.2B | 1.8B | 2.0B | 1.7B | 1.3B | 1.5B | 1.6B |
| Gross Margin | 31.1% | 29.3% | 30.5% | 33.8% | 35.9% | 37.3% | 35.1% | 37.1% | 41.3% | 39.6% | 33.2% | 31.2% | 31.3% |
| R&D | 52M | 57M | 70M | 78M | 86M | 89M | 94M | 119M | 126M | 135M | 134M | 162M | 164M |
| SG&A | 134M | 139M | 158M | 169M | 176M | 181M | 185M | 258M | 281M | 258M | 234M | 242M | 247M |
| EBIT | 85M | 42M | 38M | 79M | 154M | 201M | 134M | 276M | 408M | 251M | 50M | 35M | 54M |
| Op. Margin | 9.5% | 5.0% | 4.0% | 7.5% | 12.7% | 16.1% | 10.9% | 15.3% | 20.4% | 15.1% | 3.8% | 2.4% | 3.5% |
| Net Income | 64M | 24M | 16M | -1.8M | 104M | 153M | 98M | 229M | 331M | 227M | 44M | 66M | 86M |
| Net Margin | 7.1% | 2.9% | 1.7% | -0.2% | 8.6% | 12.3% | 8.0% | 12.7% | 16.6% | 13.7% | 3.4% | 4.5% | 5.5% |
| Non-Recurring | 963K | -1.4M | -1.1M | 10M | 842K | 24M | -106K | -246K | 3.7M | 3.6M | 16M | -178K | -178K |
| Returns on Capital | |||||||||||||
| ROIC | 9.1% | 3.0% | 2.7% | 5.0% | 11.8% | 16.1% | 10.9% | 18.6% | 27.8% | 14.9% | 2.7% | 1.9% | 2.9% |
| ROE | 8.7% | 3.1% | 2.0% | -0.2% | 11.8% | 15.0% | 9.5% | 20.8% | 24.1% | 14.0% | 2.5% | 3.6% | 4.5% |
| ROA | 5.4% | 1.7% | 1.0% | -0.1% | 6.9% | 9.7% | 5.4% | 11.0% | 14.8% | 9.8% | 1.9% | 2.7% | 3.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 134M | 118M | 125M | 181M | 186M | 230M | 187M | 339M | 393M | 281M | 119M | 216M | 223M |
| Free Cash Flow | 77M | -15M | 66M | 70M | 98M | 131M | 111M | 197M | 181M | 130M | 46M | 137M | 129M |
| Owner Earnings | 43M | 19M | 12M | 67M | 60M | 100M | 54M | 183M | 228M | 113M | -40M | 46M | -1.0B |
| CapEx | 58M | 133M | 59M | 111M | 88M | 99M | 76M | 141M | 212M | 151M | 73M | 78M | 94M |
| Maint. CapEx | 77M | 80M | 99M | 96M | 105M | 110M | 108M | 122M | 128M | 137M | 137M | 144M | 1.2B |
| Growth CapEx | 0 | 53M | 0 | 15M | 0 | 0 | 0 | 19M | 84M | 13M | 0 | 0 | 0 |
| D&A | 77M | 80M | 99M | 96M | 105M | 110M | 108M | 122M | 128M | 137M | 137M | 144M | 1.2B |
| CapEx/OCF | 43.0% | 112.8% | 46.9% | 61.4% | 47.2% | 42.9% | 40.5% | 41.7% | 53.9% | 53.7% | 61.1% | 36.4% | 42.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 11M | 18M | 8.7M | 0 | 0 | 297M | 0 | 0 | 0 | 0 | 34M | 34M |
| Buyback Yield | N/A | 0.9% | 1.4% | 0.7% | N/A | N/A | 8.3% | N/A | N/A | N/A | N/A | 1.5% | 0.8% |
| Stock-Based Comp | 14M | 19M | 14M | 19M | 21M | 21M | 25M | 33M | 36M | 31M | 23M | 26M | 27M |
| Debt Repayment | 43M | 66M | 80M | 204M | 522M | 523M | 744M | 586M | 506M | 154M | 6.5M | 7.7M | 7.7M |
| Balance Sheet | |||||||||||||
| Net Debt | -24M | 276M | 233M | 82M | -5.7M | -91M | 98M | -34M | -164M | -264M | -255M | -310M | -377M |
| Cash & Equiv. | 243M | 218M | 248M | 204M | 241M | 258M | 268M | 364M | 337M | 315M | 309M | 367M | 404M |
| Long-Term Debt | 141M | 466M | 430M | 270M | 215M | 99M | 312M | 285M | 150M | 21M | 21M | 26M | 25M |
| Debt/Equity | 0.30 | 0.70 | 0.66 | 0.35 | 0.26 | 0.16 | 0.39 | 0.27 | 0.12 | 0.04 | 0.03 | 0.04 | 0.01 |
| Interest Coverage | 19.5 | 9.9 | 2.9 | 5.9 | 15.6 | 25.4 | 11.5 | 36.8 | 49.1 | 44.0 | 21.6 | 12.8 | 78.7 |
| Equity | 768M | 795M | 776M | 832M | 931M | 1.1B | 964M | 1.2B | 1.5B | 1.7B | 1.8B | 1.9B | 1.9B |
| Total Assets | 1.2B | 1.6B | 1.5B | 1.5B | 1.5B | 1.6B | 2.0B | 2.2B | 2.3B | 2.4B | 2.4B | 2.4B | 2.5B |
| Total Liabilities | 369M | 756M | 708M | 615M | 549M | 487M | 963M | 892M | 705M | 558M | 517M | 510M | 547M |
| Intangibles | 45M | 196M | 175M | 156M | 138M | 120M | 111M | 95M | 79M | 64M | 67M | 45M | 41M |
| Retained Earnings | 490M | 514M | 530M | 533M | 637M | 790M | 888M | 1.1B | 1.4B | 1.7B | 1.7B | 1.8B | 1.8B |
| Working Capital | 526M | 571M | 547M | 415M | 481M | 525M | 514M | 717M | 729M | 794M | 849M | 879M | 891M |
| Current Assets | 676M | 751M | 733M | 662M | 735M | 810M | 1.0B | 1.2B | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B |
| Current Liabilities | 149M | 180M | 185M | 247M | 254M | 285M | 510M | 471M | 433M | 393M | 376M | 378M | 411M |
| Per Share Data | |||||||||||||
| EPS | 1.31 | 0.49 | 0.32 | -0.04 | 2.04 | 2.96 | 1.88 | 5.00 | 7.20 | 4.91 | 0.95 | 1.43 | 1.85 |
| Owner EPS | 0.89 | 0.38 | 0.24 | 1.48 | 1.18 | 1.92 | 1.03 | 4.00 | 4.97 | 2.44 | -0.87 | 0.99 | -22.42 |
| Book Value | 15.81 | 16.05 | 15.58 | 18.43 | 18.27 | 21.37 | 18.47 | 27.04 | 32.90 | 37.62 | 38.74 | 40.61 | 41.13 |
| Cash Flow/Share | 2.76 | 2.38 | 2.51 | 4.01 | 3.64 | 4.44 | 3.59 | 7.40 | 8.53 | 6.07 | 2.58 | 4.66 | 28.55 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 48.6M | 49.5M | 49.8M | 45.1M | 51.0M | 51.8M | 52.2M | 45.8M | 46.0M | 46.3M | 46.3M | 46.3M | 45.9M |
| Valuation | |||||||||||||
| P/E Ratio | 21.2 | 47.8 | 82.0 | N/A | 15.7 | 18.4 | 36.5 | 22.1 | 10.3 | 16.6 | 67.4 | 35.2 | 47.0 |
| P/FCF | 17.6 | N/A | 19.7 | 18.7 | 16.7 | 21.5 | 32.1 | 25.6 | 18.9 | 29.0 | 64.0 | 17.0 | 31.1 |
| EV/EBIT | 13.0 | 21.6 | 28.2 | 14.4 | 9.4 | 13.2 | 26.0 | 17.1 | 7.6 | 14.0 | 53.2 | 56.0 | 67.2 |
| Price/Book | 1.8 | 1.5 | 1.7 | 1.6 | 1.8 | 2.6 | 3.7 | 4.1 | 2.3 | 2.2 | 1.7 | 1.2 | 2.1 |
| Price/Sales | 1.4 | 1.4 | 1.1 | 1.2 | 1.4 | 1.6 | 2.2 | 2.2 | 1.8 | 2.3 | 2.4 | 1.6 | 2.6 |
| FCF Yield | 5.7% | -1.3% | 5.1% | 5.3% | 6.0% | 4.6% | 3.1% | 3.9% | 5.3% | 3.4% | 1.6% | 5.9% | 3.2% |
| Market Cap | 1.3B | 1.2B | 1.3B | 1.3B | 1.6B | 2.8B | 3.6B | 5.0B | 3.4B | 3.8B | 3.0B | 2.3B | 4.0B |
| Avg. Price | 25.84 | 24.65 | 20.11 | 26.88 | 32.74 | 38.90 | 52.63 | 85.74 | 79.11 | 83.56 | 68.25 | 50.63 | 87.11 |
| Year-End Price | 27.74 | 23.42 | 26.24 | 29.05 | 32.07 | 54.60 | 68.63 | 110.33 | 74.09 | 81.57 | 64.05 | 50.39 | 87.11 |
DIODES INC /DEL/ passes 2 of 9 quality checks, indicating weak fundamentals.
DIODES INC /DEL/ trades at 60.9x trailing earnings, compared to its 15-year median P/E of 22.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 29.1x vs a median of 20.6x. The company's 5-year average ROIC is 13.2% with a gross margin of 36.5%. Total shareholder yield (buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is -0.2%.
DIODES INC /DEL/ (DIOD) has a net profit margin of 4.5%. This is a modest margin.
DIODES INC /DEL/ (DIOD) generated $137 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
DIODES INC /DEL/ (DIOD) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
DIODES INC /DEL/ (DIOD) reported earnings per share (EPS) of $1.43 in its most recent fiscal year.
DIODES INC /DEL/ (DIOD) has a return on equity (ROE) of 3.6%. This indicates moderate shareholder returns.
DIODES INC /DEL/ (DIOD) has a 5-year average gross margin of 36.5%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for DIODES INC /DEL/ (DIOD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DIODES INC /DEL/ (DIOD) has a book value per share of $40.61, based on its most recent annual SEC filing.
No recent press releases.