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Delta Electronics (Thailand)

Executive Summary

Delta Electronics (Thailand) Public Company Limited, together with its subsidiaries, researches and develops, manufactures, and distributes power supplies and electronic components. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

How has Delta Electronics (Thailand)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DLSF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.3%

DLSF

-2.0%

DE Electronic

-1.6%

DE Market


1 Year Return

241.7%

DLSF

6.4%

DE Electronic

2.6%

DE Market

Return vs Industry: DLSF exceeded the German Electronic industry which returned 8.2% over the past year.

Return vs Market: DLSF exceeded the German Market which returned 3.9% over the past year.


Shareholder returns

DLSFIndustryMarket
7 Day-6.3%-2.0%-1.6%
30 Day28.8%2.2%-0.9%
90 Day105.0%-3.5%-1.1%
1 Year253.8%241.7%9.3%6.4%5.8%2.6%
3 Year158.1%133.0%-1.3%-6.0%2.8%-6.2%
5 Year158.9%116.6%101.7%87.2%23.8%6.1%

Price Volatility Vs. Market

How volatile is Delta Electronics (Thailand)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Delta Electronics (Thailand) undervalued compared to its fair value and its price relative to the market?

59.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DLSF (€4.92) is trading above our estimate of fair value (€1.27)

Significantly Below Fair Value: DLSF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DLSF is poor value based on its PE Ratio (59.8x) compared to the DE Electronic industry average (30.6x).

PE vs Market: DLSF is poor value based on its PE Ratio (59.8x) compared to the German market (22.7x).


Price to Earnings Growth Ratio

PEG Ratio: DLSF is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: DLSF is overvalued based on its PB Ratio (6.9x) compared to the DE Electronic industry average (1.9x).


Next Steps

Future Growth

How is Delta Electronics (Thailand) forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

17.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLSF's forecast earnings growth (17% per year) is above the savings rate (0.2%).

Earnings vs Market: DLSF's earnings (17% per year) are forecast to grow slower than the German market (26.9% per year).

High Growth Earnings: DLSF's earnings are forecast to grow, but not significantly.

Revenue vs Market: DLSF's revenue (11.3% per year) is forecast to grow faster than the German market (6.1% per year).

High Growth Revenue: DLSF's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DLSF's Return on Equity is forecast to be low in 3 years time (19.4%).


Next Steps

Past Performance

How has Delta Electronics (Thailand) performed over the past 5 years?

-12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DLSF has high quality earnings.

Growing Profit Margin: DLSF's current net profit margins (7.5%) are lower than last year (8.5%).


Past Earnings Growth Analysis

Earnings Trend: DLSF's earnings have declined by 12% per year over the past 5 years.

Accelerating Growth: DLSF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DLSF had negative earnings growth (-16.3%) over the past year, making it difficult to compare to the Electronic industry average (-42.2%).


Return on Equity

High ROE: DLSF's Return on Equity (11.5%) is considered low.


Next Steps

Financial Health

How is Delta Electronics (Thailand)'s financial position?


Financial Position Analysis

Short Term Liabilities: DLSF's short term assets (฿34.7B) exceed its short term liabilities (฿13.7B).

Long Term Liabilities: DLSF's short term assets (฿34.7B) exceed its long term liabilities (฿2.3B).


Debt to Equity History and Analysis

Debt Level: DLSF is debt free.

Reducing Debt: DLSF has no debt compared to 5 years ago when its debt to equity ratio was 1%.

Debt Coverage: DLSF has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DLSF has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Delta Electronics (Thailand) current dividend yield, its reliability and sustainability?

0.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DLSF's dividend (0.97%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.18%).

High Dividend: DLSF's dividend (0.97%) is low compared to the top 25% of dividend payers in the German market (3.71%).


Stability and Growth of Payments

Stable Dividend: DLSF's dividend payments have been volatile in the past 10 years.

Growing Dividend: DLSF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.9%), DLSF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DLSF's dividends in 3 years are forecast to be covered by earnings (66.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Jackie Chang (52 yo)

0.50

Tenure

Mr. Tsai-Hsing Chang, also known as Jackie, serves as President of Delta Electronics (Thailand) Public Company Limited since April 2020. Mr. Chang serves as Executive Director of Delta Electronics (Thailan ...


Leadership Team

NamePositionTenureCompensationOwnership
Tsai-Hsing Chang
President & Executive Director0.50yrno datano data
Po-Wen Yu
Chief Financial Officer1.75yrsno datano data
Vichai Saksuriya
Operations Vice President9.58yrsno data0.0018%
฿ 111.7k
Chin-Ming Chen
Chief Information Officer8.92yrsno datano data
Ping Cheng
Executive Director1.33yrsno datano data
Tzu-shing Ko
Executive Director1.33yrsno datano data
Wilailak Fungthanakun
Company Secretaryno datano data0.00081%
฿ 51.1k

1.1yrs

Average Tenure

58yo

Average Age

Experienced Management: DLSF's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Tsai-Hsing Chang
President & Executive Director0.50yrno datano data
Ping Cheng
Executive Director1.33yrsno datano data
Tzu-shing Ko
Executive Director1.33yrsno datano data
Chong Cheng
Chairman of Delta Electronics Groupno datano datano data
Kong Ng
Chairman of the Board30.42yrs฿1.73mno data
Anusorn Muttaraid
Non-Executive Director26.17yrs฿1.29mno data
Chih-Yuan Chu
Independent Director32.5yrs฿1.31mno data
Witoon Simachokedee
Independent Director5.58yrs฿1.37mno data
Boonsak Chiempricha
Independent Director4.5yrs฿1.37m0.0017%
฿ 106.0k
Tippawan Chayutimand
Independent Director2.5yrs฿1.27mno data

4.5yrs

Average Tenure

68yo

Average Age

Experienced Board: DLSF's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Delta Electronics (Thailand) Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Delta Electronics (Thailand) Public Company Limited
  • Ticker: DLSF
  • Exchange: DB
  • Founded: 1988
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: ฿232.013b
  • Listing Market Cap: ฿6.312b
  • Shares outstanding: 1.25b
  • Website: https://www.deltathailand.com

Location

  • Delta Electronics (Thailand) Public Company Limited
  • 909 Soi 9, Moo 4, E.P.Z.
  • Bangpoo Industrial Estate
  • Samut Prakan
  • 10280
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DELTASET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBSep 1995
DLSFDB (Deutsche Boerse AG)THB1(ALIEN MKT)DEEURAug 1997
NVAWDB (Deutsche Boerse AG)NON VTG DEP RCPT REP 1 ORD THB1DEEURAug 2001
DELTA-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB1THTHBAug 2001
DLEU.FOTCPK (Pink Sheets LLC)NON VTG DEP RCPT REP 1 ORD THB1USUSDAug 2001

Biography

Delta Electronics (Thailand) Public Company Limited, together with its subsidiaries, researches and develops, manufactures, and distributes power supplies and electronic components. The company operates th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 21:44
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.