Diodes Incorporated Intrinsic Value Calculator – DIODES INCORPORATED Reports Third Quarter FY2023 Earnings Results on November 8, 2023
November 20, 2023
🌥️Earnings Overview
On November 8 2023, DIODES INCORPORATED ($NASDAQ:DIOD) released their earnings results for the third quarter of FY2023, ending September 30 2023. The company’s revenue for the quarter amounted to USD 404.6 million, a 22.4% decrease from the same period the previous year. Net income declined 43.6% to USD 48.7 million for the quarter.
Market Price
On Wednesday, November 8 2023, DIODES INCORPORATED reported their third quarter financial earnings for FY2023. The stock opened at $68.1, and eventually closed at $66.8, falling 2.1% from the previous closing price of 68.2. This marked a slight decrease in DIODES INCORPORATED’s stock price for the quarter, making it one of the worst performing stocks in the index. Analysts had predicted that DIODES INCORPORATED’s earnings would be slightly higher than expected, but the reported results showed that they underperformed the expectations.
The company attributed the weak performance to lower sales in certain product categories and a decrease in demand in their key markets. Despite these results, DIODES INCORPORATED is still optimistic about their future performance and remains committed to its strategy of developing innovative products and solutions for their clients. The company also announced plans to invest more resources into expanding their product and service offerings in order to improve their earnings in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Diodes Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 1.84k | 293.94 | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Diodes Incorporated. More…
| Operations | Investing | Financing |
| 345.46 | -169.03 | -265.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Diodes Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.34k | 581.34 | 36.78 |
Key Ratios Snapshot
Some of the financial key ratios for Diodes Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.9% | 35.3% | 19.2% |
| FCF Margin | ROE | ROA |
| 8.6% | 13.2% | 9.4% |
Analysis – Diodes Incorporated Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of DIODES INCORPORATED‘s wellbeing. Our proprietary Valuation Line indicated that the fair value of DIODES INCORPORATED share is around $84.6. However, the stock is currently traded at $66.8, which is undervalued by 21.0%. Our analysis shows that this stock has potential to increase in value in the future. As such, we recommend buying DIODES INCORPORATED stock while it is undervalued. More…
Peers
Diodes Inc is in competition with Vishay Intertechnology Inc, Microchip Technology Inc, Aixtron SE. All of these companies are in the business of manufacturing semiconductor products.
– Vishay Intertechnology Inc ($NYSE:VSH)
Vishay Intertechnology is a leading manufacturer of discrete semiconductors and passive components. The company’s products include diodes, MOSFETs, thyristors, optoelectronic components, and power ICs. Vishay Intertechnology’s products are used in a wide range of end-markets, including automotive, computing, consumer electronics, industrial, and communications. The company has a strong market position in many of its product categories and is a leading supplier of power semiconductors, MOSFETs, and diodes. Vishay Intertechnology has a diversified customer base and a global footprint. The company’s products are sold to original equipment manufacturers, distributors, and contract manufacturers.
– Microchip Technology Inc ($NASDAQ:MCHP)
Microchip Technology Inc is a company that provides microcontroller, mixed-signal, analog and Flash-IP solutions. They have a market cap of 36.04B as of 2022 and a ROE of 25.66%. The company has over 8,000 employees and serves over 125,000 customers in more than 70 countries.
– Aixtron SE ($OTCPK:AIIXY)
Aixtron SE is a publicly traded German company that manufactures and sells deposition equipment used in the semiconductor industry. The company has a market capitalization of 2.86 billion euros as of 2022 and a return on equity of 10.97%. Aixtron is a leading provider of deposition equipment and services for the semiconductor industry, with a focus on new and emerging technologies. The company has a strong presence in Asia, Europe, and North America.
Summary
The financial performance of Diodes Incorporated in the third quarter of FY2023 was lower than expected. Total revenue of USD 404.6 million was down 22.4% year-over-year, while net income fell 43.6%. The decrease in revenues and profits reflects a challenging period for the company, and investors should closely monitor the company’s performance in the coming quarters. The company should be prepared to adjust its operations as necessary to remain competitive in a quickly changing technological landscape.
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