DIODES INC (DIOD) Stock Fundamental Analysis
NASDAQ:DIOD - Nasdaq - US2545431015 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to DIOD. DIOD was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. DIOD has an excellent financial health rating, but there are some minor concerns on its profitability. DIOD is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year DIOD was profitable.
DIOD had a positive operating cash flow in the past year.
Each year in the past 5 years DIOD has been profitable.
DIOD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.08%, DIOD is in line with its industry, outperforming 50.00% of the companies in the same industry.
DIOD has a Return On Equity (1.42%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 1.80%, DIOD perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
DIOD had an Average Return On Invested Capital over the past 3 years of 9.94%. This is in line with the industry average of 10.57%.
The 3 year average ROIC (9.94%) for DIOD is well above the current ROIC(1.80%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.08% | ||
| ROE | 1.42% | ||
| ROIC | 1.8% |
ROA(3y)8.64%
ROA(5y)8.26%
ROE(3y)12.46%
ROE(5y)13.21%
ROIC(3y)9.94%
ROIC(5y)9.94%
1.3 Margins
The Profit Margin of DIOD (1.90%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of DIOD has declined.
DIOD has a Operating Margin of 3.33%. This is comparable to the rest of the industry: DIOD outperforms 50.91% of its industry peers.
In the last couple of years the Operating Margin of DIOD has declined.
The Gross Margin of DIOD (32.88%) is worse than 66.36% of its industry peers.
In the last couple of years the Gross Margin of DIOD has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.33% | ||
| PM (TTM) | 1.9% | ||
| GM | 32.88% |
OM growth 3Y-36.49%
OM growth 5Y-22.59%
PM growth 3Y-35.77%
PM growth 5Y-22.83%
GM growth 3Y-3.62%
GM growth 5Y-2.27%
2. Health
2.1 Basic Checks
DIOD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for DIOD has been increased compared to 1 year ago.
DIOD has less shares outstanding than it did 5 years ago.
DIOD has a better debt/assets ratio than last year.
2.2 Solvency
DIOD has an Altman-Z score of 4.56. This indicates that DIOD is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.56, DIOD is doing good in the industry, outperforming 60.91% of the companies in the same industry.
DIOD has a debt to FCF ratio of 0.37. This is a very positive value and a sign of high solvency as it would only need 0.37 years to pay back of all of its debts.
DIOD has a better Debt to FCF ratio (0.37) than 80.00% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that DIOD is not too dependend on debt financing.
The Debt to Equity ratio of DIOD (0.03) is better than 62.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.37 | ||
| Altman-Z | 4.56 |
ROIC/WACC0.18
WACC9.95%
2.3 Liquidity
A Current Ratio of 3.43 indicates that DIOD has no problem at all paying its short term obligations.
With a Current ratio value of 3.43, DIOD perfoms like the industry average, outperforming 57.27% of the companies in the same industry.
DIOD has a Quick Ratio of 2.11. This indicates that DIOD is financially healthy and has no problem in meeting its short term obligations.
DIOD has a Quick ratio (2.11) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.43 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
DIOD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -65.24%.
Measured over the past years, DIOD shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.81% on average per year.
Looking at the last year, DIOD shows a very negative growth in Revenue. The Revenue has decreased by -10.37% in the last year.
DIOD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.97% yearly.
EPS 1Y (TTM)-65.24%
EPS 3Y-36.84%
EPS 5Y-14.81%
EPS Q2Q%-32.14%
Revenue 1Y (TTM)-10.37%
Revenue growth 3Y-10.11%
Revenue growth 5Y0.97%
Sales Q2Q%9.98%
3.2 Future
Based on estimates for the next years, DIOD will show a very strong growth in Earnings Per Share. The EPS will grow by 26.11% on average per year.
Based on estimates for the next years, DIOD will show a quite strong growth in Revenue. The Revenue will grow by 8.01% on average per year.
EPS Next Y-10.07%
EPS Next 2Y26.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.67%
Revenue Next 2Y8.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 40.29, which means the current valuation is very expensive for DIOD.
Compared to the rest of the industry, the Price/Earnings ratio of DIOD is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.32, DIOD is valued quite expensively.
A Price/Forward Earnings ratio of 23.59 indicates a rather expensive valuation of DIOD.
The rest of the industry has a similar Price/Forward Earnings ratio as DIOD.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, DIOD is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.29 | ||
| Fwd PE | 23.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DIOD is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, DIOD is valued cheaper than 87.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.43 | ||
| EV/EBITDA | 10.66 |
4.3 Compensation for Growth
A more expensive valuation may be justified as DIOD's earnings are expected to grow with 26.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.11%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for DIOD!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
49.15
-1.81 (-3.55%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners100.83%
Inst Owner Change-2.9%
Ins Owners1.04%
Ins Owner Change1.75%
Market Cap2.28B
Analysts74.55
Price Target50.32 (2.38%)
Short Float %5.08%
Short Ratio4.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.16%
Min EPS beat(2)-26.47%
Max EPS beat(2)22.15%
EPS beat(4)2
Avg EPS beat(4)1.01%
Min EPS beat(4)-26.47%
Max EPS beat(4)22.15%
EPS beat(8)3
Avg EPS beat(8)-1.89%
EPS beat(12)7
Avg EPS beat(12)0.65%
EPS beat(16)11
Avg EPS beat(16)2.27%
Revenue beat(2)1
Avg Revenue beat(2)-0.82%
Min Revenue beat(2)-1.98%
Max Revenue beat(2)0.33%
Revenue beat(4)1
Avg Revenue beat(4)-0.84%
Min Revenue beat(4)-1.98%
Max Revenue beat(4)0.33%
Revenue beat(8)1
Avg Revenue beat(8)-2.23%
Revenue beat(12)1
Avg Revenue beat(12)-2.09%
Revenue beat(16)1
Avg Revenue beat(16)-1.89%
PT rev (1m)-11.9%
PT rev (3m)-22.11%
EPS NQ rev (1m)-2.91%
EPS NQ rev (3m)-24.24%
EPS NY rev (1m)0%
EPS NY rev (3m)-23.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.29 | ||
| Fwd PE | 23.59 | ||
| P/S | 1.7 | ||
| P/FCF | 16.43 | ||
| P/OCF | 11 | ||
| P/B | 1.27 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | 10.66 |
EPS(TTM)1.22
EY2.48%
EPS(NY)2.08
Fwd EY4.24%
FCF(TTM)2.99
FCFY6.09%
OCF(TTM)4.47
OCFY9.09%
SpS28.91
BVpS38.82
TBVpS33.56
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.08% | ||
| ROE | 1.42% | ||
| ROCE | 2.23% | ||
| ROIC | 1.8% | ||
| ROICexc | 2.17% | ||
| ROICexgc | 2.54% | ||
| OM | 3.33% | ||
| PM (TTM) | 1.9% | ||
| GM | 32.88% | ||
| FCFM | 10.35% |
ROA(3y)8.64%
ROA(5y)8.26%
ROE(3y)12.46%
ROE(5y)13.21%
ROIC(3y)9.94%
ROIC(5y)9.94%
ROICexc(3y)12.02%
ROICexc(5y)12.17%
ROICexgc(3y)13.94%
ROICexgc(5y)14.45%
ROCE(3y)12.35%
ROCE(5y)12.45%
ROICexcg growth 3Y-47.84%
ROICexcg growth 5Y-30.13%
ROICexc growth 3Y-47.13%
ROICexc growth 5Y-28.52%
OM growth 3Y-36.49%
OM growth 5Y-22.59%
PM growth 3Y-35.77%
PM growth 5Y-22.83%
GM growth 3Y-3.62%
GM growth 5Y-2.27%
F-Score5
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.37 | ||
| Debt/EBITDA | 0.27 | ||
| Cap/Depr | 49.59% | ||
| Cap/Sales | 5.11% | ||
| Interest Coverage | 22.65 | ||
| Cash Conversion | 113.41% | ||
| Profit Quality | 543.21% | ||
| Current Ratio | 3.43 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 4.56 |
F-Score5
WACC9.95%
ROIC/WACC0.18
Cap/Depr(3y)109.61%
Cap/Depr(5y)102.87%
Cap/Sales(3y)8.41%
Cap/Sales(5y)7.84%
Profit Quality(3y)72.43%
Profit Quality(5y)83.41%
High Growth Momentum
Growth
EPS 1Y (TTM)-65.24%
EPS 3Y-36.84%
EPS 5Y-14.81%
EPS Q2Q%-32.14%
EPS Next Y-10.07%
EPS Next 2Y26.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-10.37%
Revenue growth 3Y-10.11%
Revenue growth 5Y0.97%
Sales Q2Q%9.98%
Revenue Next Year8.67%
Revenue Next 2Y8.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-74.2%
EBIT growth 3Y-42.91%
EBIT growth 5Y-21.84%
EBIT Next Year203.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-30.19%
FCF growth 3Y-38.27%
FCF growth 5Y-18.78%
OCF growth 1Y-50.64%
OCF growth 3Y-29.34%
OCF growth 5Y-12.27%