Diodes Incorporated (DIOD) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-55.9%

$35.19

vs $79.72 price

Levered DCF

$24.32

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

6.08

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	34.5×	64.92×	16.23×	10.42×	21.49×	36.72×	18.67×	15.44×
P/B	1.22×	1.59×	2.12×	2.28×	3.97×	3.73×	2.59×	1.73×
P/S	1.54×	2.17×	2.22×	1.73×	2.72×	2.93×	2.29×	1.32×
EV / EBITDA	8.74×	13.02×	8.25×	6.26×	10.98×	15.9×	8.73×	6.15×
Gross margin	31.2%	33.2%	39.6%	41.3%	37.1%	35.1%	37.3%	35.9%
Operating margin	2.4%	3.8%	15.1%	20.4%	15.3%	10.9%	16.1%	12.7%
Net margin	4.5%	3.4%	13.7%	16.6%	12.7%	8.0%	12.3%	8.6%
Current ratio	3.32×	3.26×	3.02×	2.69×	2.52×	2.01×	2.84×	2.89×
Debt / equity	0.05×	0.05×	0.06×	0.14×	0.27×	0.51×	0.14×	0.24×
Interest coverage	12.77×	21.62×	43.96×	49.06×	36.84×	11.52×	25.42×	15.6×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.9%	2.2%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.5%	2.5%	13.1%	21.9%	18.5%	10.2%	13.9%	11.2%
Return on invested capital	1.4%	2.0%	10.3%	18.4%	11.7%	6.7%	11.0%	8.3%
Return on assets	2.7%	1.8%	9.6%	14.5%	10.4%	5.0%	9.3%	6.8%
Free cash flow yield	6.0%	1.6%	3.5%	5.2%	4.0%	3.1%	4.6%	6.1%
Earnings yield	2.9%	1.5%	6.2%	9.6%	4.7%	2.7%	5.4%	6.5%
Enterprise value	$2B	$2.6B	$3.5B	$3.3B	$4.9B	$3.8B	$2.8B	$1.6B
Net debt / EBITDA	-1.18×	-1.07×	-0.52×	-0.23×	-0.07×	0.92×	-0.34×	-0.07×
Cash conversion cycle (days)	191	233	166	130	113	159	129	114