Diodes Inc. /DEL/ (DIOD) intrinsic value & 10-year financials
Diodes Inc. /DEL/ (DIOD) has a Graham intrinsic value of $47.50 per share. At $82.85 on Oct 17, 2026, the stock trades 74% above that value. Over the last 10 fiscal years revenue grew 5.2% a year to $1.5B, with an average return on invested capital of 11.0%.
- Graham intrinsic value
- $47.50
- Share price (Oct 17, 2026)
- $82.85
- Price vs Graham value
- 74% above
- Market cap
- $3.8B
- Revenue (FY2025)
- $1.5B
- Revenue growth (10-yr CAGR)
- 5.2%
- ROIC (10-yr avg)
- 11.0%
- Free cash flow (FY2025)
- $137.2M
DIOD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $66.1M | $1.43 | $137.2M | 2.4% | 1.9% |
| FY2024 | $1.3B | $44.0M | $0.95 | $46.4M | 3.8% | 2.6% |
| FY2023 | $1.7B | $227.2M | $4.91 | $130.1M | 15.1% | 14.7% |
| FY2022 | $2.0B | $331.3M | $7.20 | $180.8M | 20.4% | 27.4% |
| FY2021 | $1.8B | $228.8M | $5.00 | $197.3M | 15.3% | 18.2% |
| FY2020 | $1.2B | $98.1M | $1.88 | $111.4M | 10.9% | 10.7% |
| FY2019 | $1.2B | $153.2M | $2.96 | $131.3M | 16.1% | 16.1% |
| FY2018 | $1.2B | $104.0M | $2.04 | $98.1M | 12.7% | 11.7% |
| FY2017 | $1.1B | -$1.8M | -$0.04 | $70.0M | 7.6% | 4.3% |
| FY2016 | $942.2M | $15.9M | $0.32 | $66.2M | 4.0% | 2.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DIODES INC /DEL/ has demonstrated mature, steady growth, with revenue compounding at 5.2% annually over the past decade.
DIODES INC /DEL/ returns on capital have been average, hovering around 11.0% ROIC over the decade.
DIODES INC /DEL/ has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DIODES INC /DEL/ is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $47.50 per share.