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Delta Electronics Inc
TWSE:2308

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Delta Electronics Inc Logo
Delta Electronics Inc
TWSE:2308
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Price: 342.5 TWD Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Delta Electronics, Inc. engages in the provision of power and thermal management solution. [ Read More ]

The intrinsic value of one Delta Electronics Inc stock under the Base Case scenario is 398.32 TWD. Compared to the current market price of 342.5 TWD, Delta Electronics Inc is Undervalued by 14%.

Key Points:
Intrinsic Value
Base Case
398.32 TWD
Undervaluation 14%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Delta Electronics Inc

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Fundamental Analysis

Modest Growth and Margins Dip Amid Expansion
2023-Q3 Earnings Call

Modest Growth and Margins Dip Amid Expansion

The company reported a slight year-on-year revenue increase of 1% to TWD 107.8 billion in Q3, with a 7% sequential rise. While gross profit (GP) grew 9% quarter-on-quarter, it saw a 1% year-on-year moderation. Q3 net profit after tax was down 15% year-on-year to TWD 9.3 billion, reflecting a varied business segment performance. The EPS for Q3 stood at TWD 3.60 and TWD 9.40 for the first three quarters, a slight decrease from TWD 9.53 year ago. The company plans to maintain R&D investments at a minimum of 8% of annual revenues. Capital expenditures in the first three quarters reached TWD 21.2 billion, with expectations to remain above the TWD 20 billion mark as the company invests in new plants and R&D centers.

Financials

Balance Sheet Decomposition
Delta Electronics Inc

Current Assets 260B
Cash & Short-Term Investments 92B
Receivables 88B
Other Current Assets 79.9B
Non-Current Assets 197.8B
Long-Term Investments 3.5B
PP&E 104.2B
Intangibles 78.5B
Other Non-Current Assets 11.5B
Current Liabilities 126.1B
Accounts Payable 53.5B
Accrued Liabilities 26.8B
Short-Term Debt 3.3B
Other Current Liabilities 42.4B
Non-Current Liabilities 132.5B
Long-Term Debt 54B
Other Non-Current Liabilities 78.5B
Efficiency

Earnings Waterfall
Delta Electronics Inc

Revenue
401.2B TWD
Cost of Revenue
-284B TWD
Gross Profit
117.2B TWD
Operating Expenses
-76.3B TWD
Operating Income
40.9B TWD
Other Expenses
-7.6B TWD
Net Income
33.4B TWD

Free Cash Flow Analysis
Delta Electronics Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

Profitability Score
Profitability Due Diligence

Delta Electronics Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Positive 3-Year Average ROE
Positive Gross Profit
Positive Free Cash Flow
Positive 3-Years Revenue Growth
57/100
Profitability
Score

Delta Electronics Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Delta Electronics Inc's solvency score is 77/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
Low D/E
High Altman Z-Score
Short-Term Solvency
77/100
Solvency
Score

Delta Electronics Inc's solvency score is 77/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Delta Electronics Inc

Wall Street analysts forecast Delta Electronics Inc stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Delta Electronics Inc is 348.7 TWD with a low forecast of 299.97 TWD and a high forecast of 430.5 TWD.

Lowest
Price Target
299.97 TWD
12% Downside
Average
Price Target
348.7 TWD
2% Upside
Highest
Price Target
430.5 TWD
26% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Price
Delta Electronics Inc

1M 1M
+16%
6M 6M
+2%
1Y 1Y
+16%
3Y 3Y
+24%
5Y 5Y
+139%
10Y 10Y
+142%
Annual Price Range
342.5
52w Low
277
52w High
375.5
Price Metrics
Average Annual Return 22.72%
Standard Deviation of Annual Returns 38.97%
Max Drawdown -31%
Shares Statistics
Market Capitalization 889.7B TWD
Shares Outstanding 2 603 026 700
Percentage of Shares Shorted
N/A

Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Delta Electronics Inc Logo
Delta Electronics Inc

Country

Taiwan

Industry

Electrical Equipment

Market Cap

889.7B TWD

Dividend Yield

2.92%

Description

Delta Electronics, Inc. engages in the provision of power and thermal management solution. The company is headquartered in Taipei City, Taipei. The firm operates through three segments. Power Supply and Components segment provides components, embedded power supplies, automotive electronics, commercial products, mobile power supplies, fans and thermal management solutions. The Automation segment provides industrial automation, building automation and other services. The Infrastructure segment provides information infrastructure, energy infrastructure and industrial solutions, and projection business. The firm's products are mainly sold to the United States, Europe, Japan and other regions.

Contact

TAIPEI
Taipei City
No. 186, Ruey Kuang Road, Neihu District
+886287972088
https://www.deltaww.com/

IPO

1988-12-19

Employees

-

Officers

CEO, Manager & Director
Mr. Ping Cheng
President, COO, Branch Manager & Director
Mr. Simon Chang
Founder & Honorary Chairman
Mr. Chong Hua Cheng
Senior Director, Chief Accounting Officer & Corporate CFO
Mr. Po-Wen Yu
Vice President of Corporate Investment Department
Lanford Liu
Investor Relations Officer
Rodney Liu
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Project Manager of Corporate Communications
Johnny Shih
Chief Corporate Governance Officer
Ms. Shalin Chen
Executive Vice President of Infrastructure (IFB) & Director
Mr. An Cheng
Chief Internal Auditor
Louis Lin
Show Less

See Also

Discover More
What is the Intrinsic Value of one Delta Electronics Inc stock?

The intrinsic value of one Delta Electronics Inc stock under the Base Case scenario is 398.32 TWD.

Is Delta Electronics Inc stock undervalued or overvalued?

Compared to the current market price of 342.5 TWD, Delta Electronics Inc is Undervalued by 14%.