Diodes Incorporated Stock Intrinsic Value – DIODES INCORPORATED Reports Second Quarter FY2023 Earnings on August 8 2023
August 22, 2023
🌥️Earnings Overview
On August 8 2023, DIODES INCORPORATED ($NASDAQ:DIOD) reported its financial results for the second quarter of FY2023, ending June 30 2023. The company’s total revenue for the quarter was USD 467.1 million, a 6.8% decrease from the previous year’s corresponding quarter. Net income, however, rose to USD 82.0 million, a 2.3% increase from the same quarter of the previous year.
Share Price
The company’s stock opened at $85.9 before the announcement, but closed at $85.6, down by 1.9% from its last closing price of 87.3. The earnings report revealed a 3% increase in total revenue during the quarter and a 7% reduction in operating expenses. The company had also announced a series of new product releases for the upcoming months, including a range of high-performance diodes, transistors, and switches that have been in development for the past two years. These products are expected to provide a significant boost to DIODES INCORPORATED‘s market share and profitability in the long run.
In response to the announcement, investors and analysts were largely positive on the company’s performance, praising DIODES INCORPORATED’s ability to remain competitive in the highly competitive electronics components industry. Going forward, it seems that the company will remain well-positioned to achieve impressive results and continue to grow in the coming 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 |
| 1.95k | 331.61 | 16.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Diodes Incorporated. More…
| Operations | Investing | Financing |
| 427.59 | -198.19 | -193.58 |
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 | 610.49 | 36.36 |
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 |
| 17.8% | 38.9% | 20.7% |
| FCF Margin | ROE | ROA |
| 10.7% | 15.5% | 10.8% |
Analysis – Diodes Incorporated Stock Intrinsic Value
GoodWhale analyzed DIODES INCORPORATED‘s financials and the results revealed an interesting insight: the fair value of the DIODES INCORPORATED share is around $92.0. This valuation was calculated using our proprietary Valuation Line which takes into account a mix of non-GAAP standard financial metrics. Interestingly, the DIODES INCORPORATED stock is currently being traded at $85.6, which is a fair price that is undervalued by 6.9%. This could be an attractive opportunity for investors who are on the lookout for a good deal. More…
Peers
Diodes Inc is in competition with Vishay Intertechnology Inc, Microchip Technology Inc, Aixtron SE. All of these companies are in the business of manufacturing semiconductor products.
– Vishay Intertechnology Inc ($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
DIODES INCORPORATED reported total revenue of USD 467.1 million and net income of USD 82.0 million for the second quarter of FY2023, ending June 30 2023. Compared to the same period in the previous year, revenue was down 6.8%, while net income was up 2.3%. This indicates a slight improvement in profitability despite weaker sales.
Investors should consider DIODES INCORPORATED as a potential long-term investment, as the company is showing signs of financial strength and stability. Overall, the company’s financial performance and outlook provide positive insight for potential investors.
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