Diodes Incorporated
Find Ratings ReportsDIODES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. DIODES INC has strong liquidity. Currently, the Quick Ratio is 1.78 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 15.00% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 322.7 | 496.21 |
EBITDA ($mil) | 53.86 | 130.81 |
EBIT ($mil) | 19.23 | 96.45 |
Net Income ($mil) | 25.29 | 92.05 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 328.66 | 348.16 |
Total Assets ($mil) | 2367.66 | 2288.31 |
Total Debt ($mil) | 98.36 | 213.67 |
Equity ($mil) | 1740.74 | 1513.65 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 44.41 | 47.71 |
EBITDA Margin | 16.69 | 26.36 |
Operating Margin | 5.96 | 19.44 |
Sales Turnover | 0.7 | 0.87 |
Return on Assets | 9.59 | 14.47 |
Return on Equity | 13.05 | 21.89 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.02 | 2.69 |
Debt/Capital | 0.05 | 0.12 |
Interest Expense | 0.48 | 2.89 |
Interest Coverage | 39.98 | 33.35 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 45.94 | 45.47 |
Div / share | 0.0 | 0.0 |
EPS | 0.55 | 2.0 |
Book value / share | 37.89 | 33.29 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 361596.0 | 342344.0 |
HOLD. DIODES INC's P/E ratio indicates a significant discount compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.73 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, DIODES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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DIOD 13.36 | Peers 53.34 | DIOD 10.73 | Peers 44.47 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. DIOD is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. DIOD is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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DIOD 15.99 | Peers 26.06 | DIOD NM | Peers 1.95 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. DIOD is trading at a valuation on par with its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. DIOD's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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DIOD 1.73 | Peers 23.59 | DIOD -32.00 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. DIOD is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, DIOD is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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DIOD 1.81 | Peers 14.13 | DIOD -16.94 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. DIOD is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. DIOD significantly trails its peers on the basis of sales growth. |
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