Mr. An Cheng, also known as Victor, is CEO of Delta Electronics (Thailand) PCL & Director of Delta Electronics (Americas) Ltd. Mr. An Cheng, also known as Victor, is a Director of Delta Electronics, Inc. f...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
An Cheng	CEO & Director	2.7yrs	฿910.00k	no data
Tsai-Hsing Chang	COO, President & Executive Director	7.7yrs	฿910.00k	no data
Tzu-shing Ko	Executive Director	6.4yrs	฿910.00k	no data
Li Xue	Executive Director	3.4yrs	฿910.00k	no data
Nipaporn Jiarajareevong	Chief Financial Officer	5.4yrs	no data	no data
Sununta Darawaew	Chief Accountant	less than a year	no data	no data
Chern-Lin Chen	Chief Technology Officer	1.7yrs	no data	no data
Chin-Ming Chen	Chief Information Officer	14.8yrs	no data	no data
Chih-hao Huang	Chief Human Resources Officer of SEA Region	4.7yrs	no data	no data
Wilailak Fungthanakun	Company Secretary	no data	no data	no data
Hsi-ju Wei	Manufacturing Operation 2 General Manager	no data	no data	no data

4.7yrs

Average Tenure

58yo

Average Age

Experienced Management: DELTA's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
An Cheng	CEO & Director	2.8yrs	฿910.00k	no data
Tsai-Hsing Chang	COO, President & Executive Director	7.3yrs	฿910.00k	no data
Tzu-shing Ko	Executive Director	7.3yrs	฿910.00k	no data
Li Xue	Executive Director	3.4yrs	฿910.00k	no data
Kong Ng	Chairman of the Board	36.3yrs	฿4.16m	no data
Anusorn Muttaraid	Non-Executive Director	32.1yrs	฿2.83m	no data
Saowanee Kamolbutr	Independent Non-Executive Director	2.3yrs	฿2.49m	no data
Tipawan Chayutimanta	Independent Director	8.4yrs	฿2.86m	no data

7.3yrs

Average Tenure

70yo

Average Age

Experienced Board: DELTA's board of directors are considered experienced (7.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/11 11:21
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analyst	Institution
Anakepong Putthapibal	Asia Plus Securities Company Limited
Chotipat Leksakul	BofA Global Research
Suppapong Iemkongaek	BofA Global Research

Delta Electronics (Thailand) Management

Management criteria checks 3/4

Key information

Recent management updates

Delta Electronics (Thailand) Public Company Limited, Annual General Meeting, Apr 08, 2026

Delta Electronics (Thailand) Public Company Limited, Annual General Meeting, Apr 02, 2025

Delta Electronics (Thailand) Public Company Limited Approves Appointment of Mrs. Saowanee Kamolbutr as Independent Director and Audit Committee Member

Delta Electronics (Thailand) Public Company Limited Announces Sad Demise of Boonsak Chiempricha, Independent Director, Chairman of Audit Committee, and Privilege Committee Member

Delta Electronics (Thailand) Public Company Limited, Annual General Meeting, Apr 11, 2024

Delta Electronics (Thailand) Public Company Limited Announces Executive Changes

Recent updates

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

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

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

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

Consensus EPS estimates fall by 16%

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

Delta Electronics (Thailand) Public Company Limited to Report Q2, 2026 Results on Jul 27, 2026

Second quarter 2026 earnings: EPS misses analyst expectations

Price target increased by 10% to ฿309

Consensus EPS estimates increase by 13%

First quarter 2026 earnings: EPS exceeds analyst expectations

Price target increased by 9.1% to ฿273

Price target increased by 7.2% to ฿242

Price target increased by 7.8% to ฿213

Dividend increased to ฿0.60

Delta Electronics (Thailand) Public Company Limited announces Annual dividend, payable on May 08, 2026

Delta Electronics (Thailand) Public Company Limited, Annual General Meeting, Apr 08, 2026

New major risk - Share price stability

Price target increased by 25% to ฿180

Third quarter 2025 earnings: EPS and revenues exceed analyst expectations

Price target increased by 9.3% to ฿146

Price target increased by 8.4% to ฿140

Price target increased by 9.6% to ฿123

Price target increased by 7.6% to ฿113

Second quarter 2025 earnings: EPS misses analyst expectations

Price target increased by 9.4% to ฿82.54

Investor sentiment improves as stock rises 15%

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 15%

Price target decreased by 8.4% to ฿72.45

Price target decreased by 7.9% to ฿74.33

Investor sentiment deteriorates as stock falls 16%

Delta Electronics (Thailand) Public Company Limited Approves the Distribution of Dividends for the Fiscal Year Ended December 31, 2024, Payable on April 28, 2025

Delta Electronics (Thailand) Public Company Limited Unveils Vari°ROW

Delta Electronics (Thailand) Public Company Limited to Report Q1, 2025 Results on Apr 25, 2025

Consensus EPS estimates fall by 20%

Investor sentiment deteriorates as stock falls 34%

New major risk - Share price stability

Price target decreased by 19% to ฿95.25

Dividend increased to ฿0.46

Delta Electronics (Thailand) Public Company Limited, Annual General Meeting, Apr 02, 2025

Full year 2024 earnings released: EPS: ฿1.52 (vs ฿1.48 in FY 2023)

Delta Electronics (Thailand) Public Company Limited Recommends Dividends for the Year Ended December 31, 2024, Payable on April 28, 2025

New minor risk - Share price stability

Price target increased by 7.6% to ฿116

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 15% to ฿88.10

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 11% to ฿71.73

Delta Electronics (Thailand) Public Company Limited Approves Appointment of Mrs. Saowanee Kamolbutr as Independent Director and Audit Committee Member

First quarter 2024 earnings: EPS misses analyst expectations

New minor risk - Share price stability

Delta Electronics (Thailand) Public Company Limited Approves Dividends for the Year Ended December 31, 2023, Payable on April 25, 2024

Delta Electronics (Thailand) Public Company Limited Announces Sad Demise of Boonsak Chiempricha, Independent Director, Chairman of Audit Committee, and Privilege Committee Member

Price target decreased by 9.7% to ฿69.50

Now 22% undervalued after recent price drop

Upcoming dividend of ฿0.45 per share

Dividend of ฿0.45 announced

Delta Electronics (Thailand) Public Company Limited, Annual General Meeting, Apr 11, 2024

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Delta Electronics (Thailand) Public Company Limited Recommends Dividends for the Year Ended December 31, 2023, Payable on April 25, 2024

Delta Electronics (Thailand) Public Company Limited Announces Executive Changes

Delta Electronics Thailand Appoints Victor Cheng as CEO

Third quarter 2023 earnings released: EPS: ฿0.44 (vs ฿0.33 in 3Q 2022)

Investor sentiment deteriorates as stock falls 23%

Price target increased by 7.4% to ฿66.29

New major risk - Earnings quality

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment deteriorates as stock falls 16%