NasdaqGS:DIOD

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Executive Summary

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Diodes's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DIOD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

DIOD

-0.5%

US Semiconductor

1.2%

US Market


1 Year Return

34.8%

DIOD

45.1%

US Semiconductor

16.8%

US Market

Return vs Industry: DIOD underperformed the US Semiconductor industry which returned 46.5% over the past year.

Return vs Market: DIOD exceeded the US Market which returned 16.4% over the past year.


Shareholder returns

DIODIndustryMarket
7 Day-3.3%-0.5%1.2%
30 Day0.4%3.5%4.9%
90 Day14.9%22.6%20.0%
1 Year34.8%34.8%47.9%45.1%19.3%16.8%
3 Year85.9%85.9%89.5%79.4%43.7%34.4%
5 Year147.6%147.6%222.7%191.1%75.5%56.6%

Price Volatility Vs. Market

How volatile is Diodes's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Diodes undervalued compared to its fair value and its price relative to the market?

4.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DIOD ($50.75) is trading below our estimate of fair value ($53.37)

Significantly Below Fair Value: DIOD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: DIOD is good value based on its PE Ratio (20.6x) compared to the US Semiconductor industry average (36.5x).

PE vs Market: DIOD is poor value based on its PE Ratio (20.6x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: DIOD is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: DIOD is good value based on its PB Ratio (2.3x) compared to the US Semiconductor industry average (3.5x).


Next Steps

Future Growth

How is Diodes forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DIOD's forecast earnings growth (16.2% per year) is above the savings rate (2.2%).

Earnings vs Market: DIOD's earnings (16.2% per year) are forecast to grow slower than the US market (23.7% per year).

High Growth Earnings: DIOD's earnings are forecast to grow, but not significantly.

Revenue vs Market: DIOD's revenue (5.7% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: DIOD's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DIOD's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Diodes performed over the past 5 years?

44.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DIOD has high quality earnings.

Growing Profit Margin: DIOD's current net profit margins (10.6%) are higher than last year (10.2%).


Past Earnings Growth Analysis

Earnings Trend: DIOD's earnings have grown significantly by 44.9% per year over the past 5 years.

Accelerating Growth: DIOD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DIOD had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Semiconductor industry average (1.5%).


Return on Equity

High ROE: DIOD's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

How is Diodes's financial position?


Financial Position Analysis

Short Term Liabilities: DIOD's short term assets ($1.1B) exceed its short term liabilities ($325.3M).

Long Term Liabilities: DIOD's short term assets ($1.1B) exceed its long term liabilities ($416.2M).


Debt to Equity History and Analysis

Debt Level: DIOD's debt to equity ratio (30%) is considered satisfactory.

Reducing Debt: DIOD's debt to equity ratio has increased from 11.8% to 30% over the past 5 years.

Debt Coverage: DIOD's debt is well covered by operating cash flow (57.4%).

Interest Coverage: DIOD's interest payments on its debt are well covered by EBIT (21.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Diodes's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DIOD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DIOD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DIOD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DIOD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DIOD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

  • Explore strong dividend paying companies in the Semiconductors industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Keh-Shew Lu (73 yo)

15.17yrs

Tenure

US$7,144,194

Compensation

Dr. Keh-Shew Lu, Ph.D. has been Chief Executive Officer of Pericom Semiconductor Corp. since November 24, 2015. Dr. Lu serves as the President and Partner of Pu-Shin Investment Corp. Dr. Lu has been the Ch ...


CEO Compensation Analysis

Compensation vs Market: Keh-Shew's total compensation ($USD7.14M) is about average for companies of similar size in the US market ($USD5.74M).

Compensation vs Earnings: Keh-Shew's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Keh-Shew Lu
CEO, President & Chairman15.17yrsUS$7.14m2.27%
$ 59.7m
Brett Whitmire
Chief Financial Officer1.42yrsUS$1.61m0.045%
$ 1.2m
Julie Holland
Vice President of Corporate Operations2.58yrsUS$2.25m0.070%
$ 1.8m
Emily Yang
Vice President of Worldwide Sales & Marketing2.67yrsUS$1.69m0.097%
$ 2.5m
Richard White
Corporate Secretary & Special Assistant to the CEO11.25yrsUS$337.13k0.093%
$ 2.5m
Laura Mehrl
Director of Investor Relationsno datano datano data
Gary Yu
President of Asia Pacific Region2.58yrsno datano data
Tim Monaghan
President of Europe6.58yrsno datano data

2.7yrs

Average Tenure

58yo

Average Age

Experienced Management: DIOD's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Keh-Shew Lu
CEO, President & Chairman15.17yrsUS$7.14m2.27%
$ 59.7m
C. H. Chen
Independent Vice Chairman of the Board15.17yrsUS$521.48k0.58%
$ 15.3m
Michael Giordano
Independent Director30.58yrsUS$235.84k0.17%
$ 4.4m
Guang Zhong Chen
Independent Director0.25yrno datano data
Kuo-Chih Tsai
Independent Lead Director0.25yrUS$215.84k0.068%
$ 1.8m
Peter Menard
Independent Director2.25yrsUS$225.84k0.0021%
$ 54.5k
Wen-Chi Sung
Independent Director3.25yrsUS$225.84k0.0062%
$ 163.6k

2.3yrs

Average Tenure

71yo

Average Age

Experienced Board: DIOD's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DIOD insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Diodes Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Diodes Incorporated
  • Ticker: DIOD
  • Exchange: NasdaqGS
  • Founded: 1959
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$2.630b
  • Shares outstanding: 51.83m
  • Website: https://www.diodes.com

Number of Employees


Location

  • Diodes Incorporated
  • 4949 Hedgcoxe Road
  • Suite 200
  • Plano
  • Texas
  • 75024
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DIODNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1968
DDQDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 23:41
End of Day Share Price2020/08/10 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.