Delta Electronics (Thailand) Public Company Limited

SET:DELTA Stock Report

Market Cap: ฿1.9t

Delta Electronics (Thailand) Valuation

Is DELTA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DELTA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DELTA (THB152.5) is trading above our estimate of fair value (THB64.2)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DELTA?

Key metric: As DELTA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DELTA. This is calculated by dividing DELTA's market cap by their current earnings.
What is DELTA's PE Ratio?
PE Ratio88.5x
Earnings฿21.49b
Market Cap฿1.90t

Price to Earnings Ratio vs Peers

How does DELTA's PE Ratio compare to its peers?

The above table shows the PE ratio for DELTA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.7x
KCE KCE Electronics
15.7x10.7%฿29.0b
002475 Luxshare Precision Industry
23.8x19.7%CN¥300.8b
METCO Muramoto Electron (Thailand)
12.3xn/a฿3.6b
APH Amphenol
38.9x13.2%US$85.3b
DELTA Delta Electronics (Thailand)
88.5x14.0%฿1.9t

Price-To-Earnings vs Peers: DELTA is expensive based on its Price-To-Earnings Ratio (88.5x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

How does DELTA's PE Ratio compare vs other companies in the Asian Electronic Industry?

40 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DELTA 88.5xIndustry Avg. 24.5xNo. of Companies134PE020406080100+
40 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DELTA is expensive based on its Price-To-Earnings Ratio (88.5x) compared to the Asian Electronic industry average (24.5x).

Price to Earnings Ratio vs Fair Ratio

What is DELTA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DELTA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio88.5x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: DELTA is expensive based on its Price-To-Earnings Ratio (88.5x) compared to the estimated Fair Price-To-Earnings Ratio (30.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DELTA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿152.50
฿119.40
-21.7%
11.5%฿157.00฿98.00n/a13
Dec ’25฿150.50
฿116.48
-22.6%
7.2%฿128.00฿98.00n/a13
Nov ’25฿138.00
฿115.25
-16.5%
7.8%฿128.00฿98.00n/a12
Oct ’25฿109.50
฿105.56
-3.6%
7.8%฿115.00฿88.75n/a12
Sep ’25฿106.50
฿102.21
-4.0%
11.1%฿115.00฿79.00n/a12
Aug ’25฿103.50
฿102.21
-1.2%
11.1%฿115.00฿79.00n/a12
Jul ’25฿83.50
฿64.79
-22.4%
10.8%฿77.00฿55.00n/a12
Jun ’25฿73.75
฿65.27
-11.5%
10.5%฿77.00฿55.00n/a13
May ’25฿70.00
฿65.27
-6.8%
10.5%฿77.00฿55.00n/a13
Apr ’25฿74.50
฿69.12
-7.2%
12.5%฿84.00฿55.00n/a13
Mar ’25฿68.00
฿71.65
+5.4%
11.3%฿84.00฿60.00n/a13
Feb ’25฿78.00
฿76.94
-1.4%
12.6%฿96.00฿63.00n/a12
Jan ’25฿88.00
฿74.33
-15.5%
16.0%฿96.00฿55.75n/a12
Dec ’24฿77.50
฿74.33
-4.1%
16.0%฿96.00฿55.75฿150.5012
Nov ’24฿80.50
฿74.83
-7.0%
16.3%฿96.00฿55.75฿138.0012
Oct ’24฿82.75
฿70.90
-14.3%
15.6%฿89.00฿52.50฿109.5012
Sep ’24฿110.00
฿68.90
-37.4%
16.3%฿89.00฿52.50฿106.5013
Aug ’24฿113.00
฿65.98
-41.6%
19.1%฿89.00฿50.80฿103.5013
Jul ’24฿92.00
฿61.38
-33.3%
13.7%฿79.00฿50.80฿83.5013
Jun ’24฿98.00
฿61.91
-36.8%
13.9%฿79.00฿50.80฿73.7512
May ’24฿72.75
฿63.99
-12.0%
20.7%฿100.00฿50.80฿70.0012
Apr ’24฿114.20
฿64.19
-43.8%
20.2%฿100.00฿50.80฿74.5012
Mar ’24฿98.60
฿63.61
-35.5%
19.6%฿100.00฿50.80฿68.0012
Feb ’24฿89.80
฿56.00
-37.6%
19.4%฿70.00฿31.00฿78.0011
Jan ’24฿83.00
฿51.92
-37.4%
20.2%฿72.00฿31.00฿88.0011
Dec ’23฿76.40
฿51.92
-32.0%
20.2%฿72.00฿31.00฿77.5011

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 18:55
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 world class team 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 .

Analyst Sources

Delta Electronics (Thailand) Public Company Limited is covered by 28 analysts. 13 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
Jindarat LaotaveerungsawatBualuang Securities PCL
Napon JaisanBualuang Securities PCL