Delta Electronics (Thailand) Public Company Limited

SET:DELTA Stock Report

Market Cap: ฿2.9t

Delta Electronics (Thailand) Future Growth

Future criteria checks 6/6

Delta Electronics (Thailand) is forecast to grow earnings and revenue by 25.2% and 21.2% per annum respectively. EPS is expected to grow by 23.7% per annum. Return on equity is forecast to be 38.8% in 3 years.

Key information

25.2%

Earnings growth rate

23.75%

EPS growth rate

Electronic earnings growth25.4%
Revenue growth rate21.2%
Future return on equity38.80%
Analyst coverage

Good

Last updated15 Sep 2026

Recent future growth updates

Recent updates

Narrative Update • Sep 07

DELTA: New Plant Investment Will Support Elevated Future P/E Risk

Analysts have raised their price target for Delta Electronics (Thailand) from THB244 to THB268, citing updated assumptions for revenue growth, profit margins and future P/E. What’s in the News for Delta Electronics (Thailand) At Board of Directors meeting No. 5/2026 on 24 July 2026, the company approved construction of a new manufacturing plant to replace the existing facility in Bangpoo Industrial Estate, Samut Prakan Province.
New Narrative • Aug 24

AI And Energy Transition Tailwinds Will Drive This Power Electronics Leader Higher

Catalysts About Delta Electronics (Thailand) Delta Electronics (Thailand) supplies power electronics, ICT infrastructure and energy solutions to customers across data centers, industrial automation, automotive and broader electronics markets. What are the underlying business or industry changes driving this perspective?
Narrative Update • Aug 10

DELTA: New Manufacturing Plant Plan Will Sustain Excessive P/E Risk

Analysts have trimmed their price target for Delta Electronics (Thailand) from THB253 to THB244, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Delta Electronics (Thailand) received Board approval on 24 July 2026 to construct a new BP1 manufacturing plant in Bangpoo Industrial Estate, Samut Prakan Province, to replace the existing plant that faces capacity limitations.
New Narrative • Aug 10

AI Hardware And Data Center Demand Will Support A Stronger Long Term Outlook

Catalysts About Delta Electronics (Thailand) Delta Electronics (Thailand) produces power electronics, ICT infrastructure and energy solutions for data centers, industrial automation, automotive and energy infrastructure customers across multiple regions. What are the underlying business or industry changes driving this perspective?
New Narrative • Jul 27

AI Hardware Reliance And Supply Strains Will Pressure This Thai Electronics Leader

Catalysts About Delta Electronics (Thailand) Delta Electronics (Thailand) supplies power electronics, data center and ICT infrastructure, industrial automation, energy infrastructure and automotive power solutions across multiple regions. What are the underlying business or industry changes driving this perspective?

Earnings and Revenue Growth Forecasts

SET:DELTA - Analysts future estimates and past financials data (THB Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028459,54563,19846,79358,02116
12/31/2027363,59049,60735,07445,50519
12/31/2026276,31734,90922,92329,86618
6/30/2026238,12929,85314,23130,685N/A
3/31/2026217,05128,40710,40926,595N/A
12/31/2025198,15324,81413,09028,078N/A
9/30/2025182,21219,7146,84923,154N/A
6/30/2025172,22318,18313,47429,661N/A
3/31/2025169,49420,11917,49630,769N/A
12/31/2024164,73318,93916,32031,248N/A
9/30/2024160,74521,49511,83125,694N/A
6/30/2024157,99821,0135,68119,682N/A
3/31/2024152,06619,116-1,79412,412N/A
12/31/2023146,37118,4231,73013,313N/A
9/30/2023142,82717,9021,75612,341N/A
6/30/2023133,86516,5831,81811,330N/A
3/31/2023126,13616,1797,97915,925N/A
12/31/2022118,55815,3455,66513,596N/A
9/30/2022107,77813,2495,08711,469N/A
6/30/202297,62110,3301,2197,736N/A
3/31/202290,2467,722-3,5373,265N/A
12/31/202184,7606,699-6,047335N/A
9/30/202179,5416,185-2,7083,878N/A
6/30/202175,8017,6369165,651N/A
3/31/202169,6838,0022,8896,500N/A
12/31/202063,2087,1023,8177,225N/A
9/30/202057,8765,9032,9766,977N/A
6/30/202052,7363,8791,3586,171N/A
3/31/202052,2002,730N/A5,631N/A
12/31/201952,4762,960N/A5,236N/A
9/30/201953,3913,585N/A3,963N/A
6/30/201954,7254,647N/A3,466N/A
3/31/201953,8665,165N/A4,107N/A
12/31/201853,4685,137N/A4,403N/A
9/30/201852,3225,460N/A4,732N/A
6/30/201850,6565,188N/A4,780N/A
3/31/201849,7294,641N/A4,552N/A
12/31/201749,2244,931N/A4,475N/A
9/30/201749,4635,133N/A4,936N/A
6/30/201748,9915,129N/A4,856N/A
3/31/201748,0695,615N/A5,144N/A
12/31/201647,2715,516N/A5,329N/A
9/30/201646,9415,693N/A6,215N/A
6/30/201647,4606,030N/A6,988N/A
3/31/201647,6426,405N/A6,683N/A
12/31/201547,3576,714N/A7,014N/A
9/30/201545,7016,124N/A6,806N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DELTA's forecast earnings growth (25.2% per year) is above the savings rate (2.3%).

Earnings vs Market: DELTA's earnings (25.2% per year) are forecast to grow faster than the TH market (10.4% per year).

High Growth Earnings: DELTA's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DELTA's revenue (21.2% per year) is forecast to grow faster than the TH market (8% per year).

High Growth Revenue: DELTA's revenue (21.2% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DELTA's Return on Equity is forecast to be high in 3 years time (38.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 11:23
End of Day Share Price 2026/09/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Delta Electronics (Thailand) Public Company Limited is covered by 28 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anakepong PutthapibalAsia Plus Securities Company Limited
Chotipat LeksakulBofA Global Research
Suppapong IemkongaekBofA Global Research