NasdaqGS:DIOD

Stock Analysis Report

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

Fundamentals

Flawless balance sheet and undervalued.


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


Market Performance


7 Day Return

-0.1%

NasdaqGS:DIOD

1.1%

US Semiconductor

-1.0%

US Market


1 Year Return

1.6%

NasdaqGS:DIOD

5.2%

US Semiconductor

-0.4%

US Market

DIOD underperformed the Semiconductor industry which returned 5.2% over the past year.

DIOD outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

DIODIndustryMarket
7 Day-0.1%1.1%-1.0%
30 Day1.1%-3.1%-3.3%
90 Day10.7%6.2%0.8%
1 Year1.6%1.6%7.2%5.2%1.9%-0.4%
3 Year92.3%92.3%71.3%61.3%39.4%30.4%
5 Year45.4%45.4%107.1%86.2%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

43%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Diodes's share price is below the future cash flow value, and at a moderate discount (> 20%).

Diodes's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Diodes is good value based on earnings compared to the US Semiconductor industry average.

Diodes is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Diodes is poor value based on expected growth next year.


Price Based on Value of Assets

Diodes is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

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

5.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Diodes's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).

Diodes's earnings are expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).

Diodes's revenue growth is positive but not above the United States of America market average.

Diodes's earnings growth is positive but not above the United States of America market average.

Diodes's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Diodes will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Diodes performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Diodes's year on year earnings growth rate has been positive over the past 5 years.

Diodes's 1-year earnings growth exceeds its 5-year average (368.8% vs 14.4%)

Diodes's earnings growth has exceeded the US Semiconductor industry average in the past year (368.8% vs -2.7%).


Return on Equity

Diodes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Diodes used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Diodes has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Diodes's financial position?


Financial Position Analysis

Diodes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Diodes's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Diodes's level of debt (17.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (21% vs 17.8% today).

Debt is well covered by operating cash flow (110.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 29.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Diodes's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Diodes's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Diodes has not reported any payouts.

Unable to verify if Diodes's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Diodes has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Diodes's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Keh-Shew Lu (72yo)

14.2yrs

Tenure

US$6,145,090

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

Keh-Shew's remuneration is higher than average for companies of similar size in United States of America.

Keh-Shew's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.7yrs

Average Tenure

57yo

Average Age

The average tenure for the Diodes management team is less than 2 years, this suggests a new team.


Board Age and Tenure

14.2yrs

Average Tenure

72yo

Average Age

The average tenure for the Diodes board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

Diodes individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$79,53414 Aug 19
Brett Whitmire
EntityIndividual
Role
Chief Financial Officer
Shares2,093
Max PriceUS$38.00
SellUS$412,48030 May 19
Richard White
EntityIndividual
Role
Corporate Secretary & Special Assistant to the CEO
Shares13,000
Max PriceUS$31.73
SellUS$126,91730 May 19
Julie Holland
EntityIndividual
Role
Vice President of Corporate Operations
Shares4,000
Max PriceUS$31.73
SellUS$190,37530 May 19
Francis Tang
EntityIndividual
Shares6,000
Max PriceUS$31.73
SellUS$42,60628 Feb 19
Emily Yang
EntityIndividual
Role
Vice President of Worldwide Sales & Marketing
Shares996
Max PriceUS$42.80
SellUS$12,94027 Feb 19
Francis Tang
EntityIndividual
Shares300
Max PriceUS$44.00
SellUS$203,01925 Feb 19
Richard White
EntityIndividual
Role
Corporate Secretary & Special Assistant to the CEO
Shares4,965
Max PriceUS$40.89
SellUS$186,17225 Feb 19
Francis Tang
EntityIndividual
Shares4,553
Max PriceUS$40.89
SellUS$115,67825 Feb 19
Julie Holland
EntityIndividual
Role
Vice President of Corporate Operations
Shares2,829
Max PriceUS$40.89
SellUS$85,55425 Feb 19
Clemente Beltran
EntityIndividual
Shares2,037
Max PriceUS$42.00
SellUS$104,84721 Feb 19
Emily Yang
EntityIndividual
Role
Vice President of Worldwide Sales & Marketing
Shares2,542
Max PriceUS$41.50
SellUS$124,40719 Feb 19
Richard White
EntityIndividual
Role
Corporate Secretary & Special Assistant to the CEO
Shares3,041
Max PriceUS$40.91
SellUS$92,74319 Feb 19
Francis Tang
EntityIndividual
Shares2,267
Max PriceUS$40.91
SellUS$132,95819 Feb 19
Julie Holland
EntityIndividual
Role
Vice President of Corporate Operations
Shares3,250
Max PriceUS$40.91
SellUS$604,16730 Nov 18
Keh-Shew Lu
EntityIndividual
Role
CEO, President & Director
Member of the Board of Directors
Shares17,486
Max PriceUS$34.59
SellUS$940,93128 Nov 18
Keh-Shew Lu
EntityIndividual
Role
CEO, President & Director
Member of the Board of Directors
Shares28,000
Max PriceUS$33.70
SellUS$338,30004 Sep 18
Evan Yu
EntityIndividual
Shares8,983
Max PriceUS$37.66
SellUS$95,61221 Aug 18
Kuo-Chih Tsai
EntityIndividual
Role
Member of the Board of Directors
Shares2,575
Max PriceUS$37.13

Ownership Breakdown


Management Team

  • Keh-Shew Lu (72yo)

    CEO, President & Director

    • Tenure: 14.2yrs
    • Compensation: $6.15m
  • Richard White (71yo)

    Corporate Secretary & Special Assistant to the CEO

    • Tenure: 10.3yrs
    • Compensation: $2.21m
  • Julie Holland (57yo)

    Vice President of Corporate Operations

    • Tenure: 1.6yrs
    • Compensation: $1.55m
  • Emily Yang (50yo)

    Vice President of Worldwide Sales & Marketing

    • Tenure: 1.7yrs
    • Compensation: $1.27m
  • Gary Yu

    President of Asia Pacific Region

    • Tenure: 1.6yrs
  • Brett Whitmire (53yo)

    Chief Financial Officer

    • Tenure: 0.4yrs
  • Tim Monaghan

    President of Europe

    • Tenure: 5.6yrs

Board Members

  • Keh-Shew Lu (72yo)

    CEO, President & Director

    • Tenure: 18.6yrs
    • Compensation: $6.15m
  • Ray Soong (77yo)

    Chairman of the Board

    • Tenure: 26.6yrs
    • Compensation: $799.61k
  • C. Chen (76yo)

    Vice Chairman of the Board

    • Tenure: 14.2yrs
    • Compensation: $572.01k
  • Michael Giordano (72yo)

    Independent Director

    • Tenure: 29.6yrs
    • Compensation: $243.92k
  • Michael Tsai (65yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: $223.92k
  • Peter Menard (65yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: $188.92k
  • Christina Sung (65yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: $233.92k

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$1.917b
  • Shares outstanding: 51.00m
  • Website: Click here

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 Analysis2019/08/17 23:38
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.