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Delta Electronics (Thailand)

DB:NVAW
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NVAW
DB
฿95B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Delta Electronics (Thailand) Public Company Limited, together with its subsidiaries, researches and develops, manufactures, and distributes power supplies and electronic components. The last earnings update was 65 days ago. More info.


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NVAW Share Price and Events
7 Day Returns
-2.8%
DB:NVAW
1.3%
DE Electronic
1%
DE Market
1 Year Returns
14.1%
DB:NVAW
-2%
DE Electronic
-5.6%
DE Market
NVAW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Delta Electronics (Thailand) (NVAW) -2.8% 8.8% 12.3% 14.1% 11.6% 69.9%
DE Electronic 1.3% 8.7% 21% -2% 99.1% 103.6%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • NVAW outperformed the Electronic industry which returned -2% over the past year.
  • NVAW outperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
NVAW
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Delta Electronics (Thailand)'s competitors could be found in our database.

Value

 Is Delta Electronics (Thailand) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Delta Electronics (Thailand) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Delta Electronics (Thailand).

DB:NVAW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:NVAW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 20%) (0%))
1.046
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.046 * 5.96%)
6.46%

Discounted Cash Flow Calculation for DB:NVAW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Delta Electronics (Thailand) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:NVAW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 6.46%)
2019 4,323.33 Analyst x3 4,060.95
2020 5,331.00 Analyst x4 4,703.57
2021 8,535.50 Analyst x2 7,073.86
2022 10,978.28 Est @ 28.62% 8,546.17
2023 13,185.11 Est @ 20.1% 9,641.17
2024 15,049.43 Est @ 14.14% 10,336.55
2025 16,549.28 Est @ 9.97% 10,676.87
2026 17,715.13 Est @ 7.04% 10,735.40
2027 18,600.83 Est @ 5% 10,588.04
2028 19,264.54 Est @ 3.57% 10,300.33
Present value of next 10 years cash flows ฿86,662.90
DB:NVAW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿19,264.54 × (1 + 0.23%) ÷ (6.46% – 0.23%)
฿309,775.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿309,775.28 ÷ (1 + 6.46%)10
฿165,630.04
DB:NVAW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿86,662.90 + ฿165,630.04
฿252,292.93
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿252,292.93 / 1,247.38
฿202.26
DB:NVAW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NVAW represents 0.02745x of SET:DELTA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02745x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 202.26 x 0.02745
€5.55
Value per share (EUR) From above. €5.55
Current discount Discount to share price of €2.10
= -1 x (€2.10 - €5.55) / €5.55
62.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Delta Electronics (Thailand) is available for.
Intrinsic value
>50%
Share price is €2.1 vs Future cash flow value of €5.55
Current Discount Checks
For Delta Electronics (Thailand) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Delta Electronics (Thailand)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Delta Electronics (Thailand)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Delta Electronics (Thailand)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Delta Electronics (Thailand)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NVAW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in THB ฿4.12
SET:DELTA Share Price ** SET (2019-04-24) in THB ฿76.5
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.43x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Delta Electronics (Thailand).

DB:NVAW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:DELTA Share Price ÷ EPS (both in THB)

= 76.5 ÷ 4.12

18.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Delta Electronics (Thailand) is good value based on earnings compared to the DE Electronic industry average.
  • Delta Electronics (Thailand) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Delta Electronics (Thailand)'s expected growth come at a high price?
Raw Data
DB:NVAW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
7.9%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.13x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:NVAW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.58x ÷ 7.9%

2.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Delta Electronics (Thailand) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Delta Electronics (Thailand)'s assets?
Raw Data
DB:NVAW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in THB ฿27.21
SET:DELTA Share Price * SET (2019-04-24) in THB ฿76.5
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:NVAW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:DELTA Share Price ÷ Book Value per Share (both in THB)

= 76.5 ÷ 27.21

2.81x

* Primary Listing of Delta Electronics (Thailand).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Delta Electronics (Thailand) is overvalued based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Delta Electronics (Thailand)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Delta Electronics (Thailand) has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Delta Electronics (Thailand) expected to grow at an attractive rate?
  • Delta Electronics (Thailand)'s earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Delta Electronics (Thailand)'s earnings growth is positive but not above the Germany market average.
  • Delta Electronics (Thailand)'s revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NVAW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NVAW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 7.9%
DB:NVAW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 6.8%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:NVAW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NVAW Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 65,370 8,960 6,241 3
2020-12-31 60,809 6,516 6,233 7
2019-12-31 56,684 6,076 5,371 6
DB:NVAW Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2018-12-31 53,067 4,279 5,137
2018-09-30 52,483 4,732 5,460
2018-06-30 50,897 4,780 5,188
2018-03-31 50,049 4,552 4,641
2017-12-31 49,224 4,475 4,931
2017-09-30 49,463 4,936 5,133
2017-06-30 48,991 4,856 5,129
2017-03-31 48,069 5,144 5,615
2016-12-31 47,271 5,329 5,516
2016-09-30 46,941 6,215 5,693
2016-06-30 47,460 6,988 6,030
2016-03-31 47,642 6,683 6,405

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Delta Electronics (Thailand)'s earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Delta Electronics (Thailand)'s revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NVAW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Delta Electronics (Thailand) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NVAW Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.99 5.10 4.90 3.00
2020-12-31 4.99 5.86 4.55 7.00
2019-12-31 4.30 4.54 4.14 6.00
DB:NVAW Past Financials Data
Date (Data in THB Millions) EPS *
2018-12-31 4.12
2018-09-30 4.38
2018-06-30 4.16
2018-03-31 3.72
2017-12-31 3.95
2017-09-30 4.11
2017-06-30 4.11
2017-03-31 4.50
2016-12-31 4.42
2016-09-30 4.56
2016-06-30 4.83
2016-03-31 5.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Delta Electronics (Thailand) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Delta Electronics (Thailand)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Delta Electronics (Thailand) has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Delta Electronics (Thailand)'s growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Delta Electronics (Thailand)'s year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Delta Electronics (Thailand)'s 1-year earnings growth exceeds its 5-year average (4.2% vs -3.4%)
  • Delta Electronics (Thailand)'s earnings growth has not exceeded the DE Electronic industry average in the past year (4.2% vs 18.1%).
Earnings and Revenue History
Delta Electronics (Thailand)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Delta Electronics (Thailand) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NVAW Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 53,066.65 5,137.03 5,335.65 2,042.69
2018-09-30 52,482.96 5,460.01 4,823.96 2,202.90
2018-06-30 50,896.68 5,188.22 4,478.61 2,417.56
2018-03-31 50,048.98 4,640.55 4,077.82 2,768.29
2017-12-31 49,224.01 4,930.98 4,283.43 2,692.30
2017-09-30 49,463.11 5,133.47 4,464.12 2,671.38
2017-06-30 48,991.24 5,129.14 4,671.62 2,479.07
2017-03-31 48,068.56 5,615.19 4,835.36 2,482.34
2016-12-31 47,271.30 5,516.29 4,795.49 2,523.53
2016-09-30 46,940.93 5,693.49 4,822.65 2,503.64
2016-06-30 47,459.92 6,030.14 4,763.15 2,494.34
2016-03-31 47,642.19 6,404.74 4,703.80 2,223.34
2015-12-31 47,356.98 6,713.82 4,605.47 1,993.94
2015-09-30 45,701.14 6,124.37 4,402.18 1,839.67
2015-06-30 44,962.03 6,325.10 4,407.63 1,798.78
2015-03-31 44,363.13 6,107.58 4,352.07 1,907.33
2014-12-31 44,071.36 5,943.07 4,435.30 1,945.29
2014-09-30 43,867.81 5,917.79 4,476.07 2,003.39
2014-06-30 43,706.33 5,618.53 4,437.36 1,971.59
2014-03-31 42,414.94 5,594.12 4,404.86 1,920.94
2013-12-31 41,201.33 5,415.69 4,237.03 1,873.02
2013-09-30 40,924.95 5,134.16 4,395.93 1,850.80
2013-06-30 40,907.81 5,411.92 4,447.61 1,862.09
2013-03-31 41,597.44 4,849.74 4,511.53 1,915.23
2012-12-31 40,779.10 4,347.38 4,645.46 1,962.99
2012-09-30 39,606.74 4,177.26 4,543.96 2,004.12
2012-06-30 38,503.76 3,008.53 4,521.84 2,031.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Delta Electronics (Thailand) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Delta Electronics (Thailand) used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Delta Electronics (Thailand)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Delta Electronics (Thailand)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Delta Electronics (Thailand) has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Delta Electronics (Thailand)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Delta Electronics (Thailand)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Delta Electronics (Thailand) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Delta Electronics (Thailand)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Delta Electronics (Thailand)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Delta Electronics (Thailand) has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Delta Electronics (Thailand) Company Filings, last reported 3 months ago.

DB:NVAW Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 33,940.92 0.00 15,830.50
2018-09-30 33,177.19 0.00 16,853.29
2018-06-30 31,993.61 0.00 16,265.79
2018-03-31 33,110.04 215.28 17,957.44
2017-12-31 32,473.72 228.67 17,535.34
2017-09-30 31,308.87 264.76 17,755.32
2017-06-30 30,076.08 115.54 16,663.70
2017-03-31 29,247.03 0.00 19,242.20
2016-12-31 31,891.09 321.10 20,116.73
2016-09-30 30,234.22 312.96 19,299.96
2016-06-30 28,911.50 308.92 18,473.21
2016-03-31 31,601.37 196.40 21,261.84
2015-12-31 30,557.76 189.93 20,487.95
2015-09-30 29,046.78 219.60 18,967.83
2015-06-30 26,712.45 270.98 16,549.98
2015-03-31 24,547.72 211.27 19,014.14
2014-12-31 27,166.20 249.60 17,931.33
2014-09-30 26,519.39 265.47 16,270.69
2014-06-30 24,860.00 640.46 14,070.60
2014-03-31 23,336.01 806.29 16,077.85
2013-12-31 25,325.68 666.70 14,952.79
2013-09-30 23,858.67 463.15 13,696.98
2013-06-30 22,136.00 687.25 12,355.27
2013-03-31 20,411.08 656.79 13,186.50
2012-12-31 22,496.63 660.69 12,781.78
2012-09-30 21,728.54 916.61 12,104.71
2012-06-30 19,856.62 794.83 9,947.33
  • Delta Electronics (Thailand) has no debt.
  • Delta Electronics (Thailand) has no debt compared to 5 years ago when it was 2.6%.
  • Delta Electronics (Thailand) has no debt, it does not need to be covered by operating cash flow.
  • Delta Electronics (Thailand) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Delta Electronics (Thailand)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Delta Electronics (Thailand) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.01%
Current annual income from Delta Electronics (Thailand) dividends. Estimated to be 3.62% next year.
If you bought €2,000 of Delta Electronics (Thailand) shares you are expected to receive €60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Delta Electronics (Thailand)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Delta Electronics (Thailand)'s dividend is below the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NVAW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:NVAW Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.89 2.00
2020-12-31 2.95 6.00
2019-12-31 2.46 4.00
DB:NVAW Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-04-02 2.300 3.013
2018-02-23 2.200 3.242
2017-02-14 3.000 3.537
2016-04-26 3.100 4.121
2016-02-18 3.100 3.694
2015-02-10 3.000 3.659
2014-10-28 2.700 3.739
2014-02-17 2.700 4.490
2013-02-07 2.400 5.555
2012-11-12 1.200 3.765
2012-05-14 1.200 5.000
2012-02-16 1.200 4.973
2011-11-09 1.700 8.233
2011-05-06 1.700 7.594
2011-02-15 1.700 6.235
2010-05-10 1.500 5.526
2010-02-23 1.500 7.727
2009-05-11 1.100 6.745

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Delta Electronics (Thailand)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Delta Electronics (Thailand)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Delta Electronics (Thailand) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Delta Electronics (Thailand) has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Delta Electronics (Thailand)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dick Hsieh
COMPENSATION ฿500,000
AGE 66
TENURE AS CEO 5 years
CEO Bio

Mr. Shen-Yen Hsieh, also known as Dick, has been the President of Delta Electronics Thailand Public Company Limited since April 1, 2014 and as its Executive Director since August 13, 2013. Mr. Hsieh has been an Executive Vice President of Delta Electronics (Dongguan) Co.,Ltd. since 2003. He served as a Vice President of Sales & Marketing at Delta Electronics (Thailand) Plc from 1991 to 2003. He has been a Director of Delta Electronics Thailand Public Company Limited since August 13, 2013 and Delta Greentech (China) Co Ltd. since 2012. He done Director Accreditation Program (DAP) from Thai Institute of Directors Association in 2014. He holds a B.A. in Navigation from China Marine Time College.

CEO Compensation
  • Dick's compensation has been consistent with company performance over the past year.
  • Dick's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Delta Electronics (Thailand) management team in years:

7.4
Average Tenure
56
Average Age
  • The average tenure for the Delta Electronics (Thailand) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dick Hsieh

TITLE
President & Executive Director
COMPENSATION
฿500K
AGE
66
TENURE
5 yrs

Anusorn Muttaraid

TITLE
Human Resources & Administration/ Public Relations Director and Executive Director
COMPENSATION
฿500K
AGE
64
TENURE
26.3 yrs

Aruwan Sangrungarun

TITLE
Chief Financial Officer
AGE
55
TENURE
3.2 yrs

Vichai Saksuriya

TITLE
Operations Vice President
AGE
56
TENURE
8.1 yrs

Chin-Ming Chen

TITLE
Chief Information Officer
AGE
48
TENURE
7.4 yrs

Wilailak Fungthanakun

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Delta Electronics (Thailand) board of directors in years:

13.1
Average Tenure
67
Average Age
  • The average tenure for the Delta Electronics (Thailand) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

James Ng

TITLE
Chairman of the Board
COMPENSATION
฿2M
AGE
71
TENURE
28.9 yrs

Dick Hsieh

TITLE
President & Executive Director
COMPENSATION
฿500K
AGE
66
TENURE
5.7 yrs

Stronger Wang

TITLE
Vice Chairman
COMPENSATION
฿1M
AGE
72
TENURE
28.9 yrs

Anusorn Muttaraid

TITLE
Human Resources & Administration/ Public Relations Director and Executive Director
COMPENSATION
฿500K
AGE
64
TENURE
24.7 yrs

Bruce Cheng

TITLE
Chairman of Delta Electronics Group
AGE
81

Witoon Simachokedee

TITLE
Independent Director
COMPENSATION
฿1M
AGE
64
TENURE
4.1 yrs

Boonsak Chiempricha

TITLE
Independent Director
COMPENSATION
฿1M
AGE
68
TENURE
3 yrs

Roger Chu

TITLE
Independent Director
COMPENSATION
฿1M
AGE
71
TENURE
31 yrs

Henry Hsieh

TITLE
Non Executive Director
COMPENSATION
฿1M
AGE
54
TENURE
13.1 yrs

Tippawan Chayutimand

TITLE
Independent Director
AGE
60
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Delta Electronics (Thailand)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Delta Electronics (Thailand) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Delta Electronics (Thailand) Public Company Limited, together with its subsidiaries, researches and develops, manufactures, and distributes power supplies and electronic components. The company operates through Power Electronics, Infrastructure, and Automation segments. It offers inductors, RF inductors, transformers, networking products, EMI filters, wireless MCU modules, solenoids, current sensing resistors, and power modules; switching power supplies, standard power modules, and lighting ballasts and LED drivers; DC brushless fans and blowers, motors, thermal management products, cabinet thermal solutions, and ventilation and automotive fans; EV/HEV powertrain solutions and power electronics components; display and visualization, mobile power, industrial power, and medical power products, as well as healthcare devices; and visual display applications comprise projection and video wall solutions. The company also provides adapters and innergie; industrial power products; automation products and solutions, including drives, motion control systems, industrial control and communication products, power quality improvement products, human machine interfaces, sensors, meters, and robot solutions; and information monitoring and management systems, such as SCADA and industrial EMS for smart manufacturing solutions, as well as building automation solutions comprising building management and control, LED lighting, and intelligent surveillance products. In addition, it offers telecom power systems, networking systems, and UPS and datacenter infrastructure; and EV charging and energy storage systems, renewable energy systems, and high power motor drives. Further, the company rents properties. It operates in the United States, China, India, the Netherlands, Germany, Singapore, Taiwan, and internationally. The company was founded in 1988 and is based in Samut Prakan, Thailand.

Details
Name: Delta Electronics (Thailand) Public Company Limited
NVAW
Exchange: DB
Founded: 1988
฿2,662,356,397
1,247,381,614
Website: http://www.deltathailand.com
Address: Delta Electronics (Thailand) Public Company Limited
714 Moo 4,
Tambon Prakasa,
Samut Prakan,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET DELTA Ordinary Shares The Stock Exchange of Thailand TH THB 19. Sep 1995
DB DLSF THB1(ALIEN MKT) Deutsche Boerse AG DE EUR 19. Aug 1997
SET DELTA-R NON VTG DEP RCPT REP 1 ORD THB1 The Stock Exchange of Thailand TH THB 20. Aug 2001
OTCPK DLEU.F NON VTG DEP RCPT REP 1 ORD THB1 Pink Sheets LLC US USD 20. Aug 2001
DB NVAW NON VTG DEP RCPT REP 1 ORD THB1 Deutsche Boerse AG DE EUR 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Delta Electronics (Thailand) employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:32
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/02/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.