Delta Electronics, Inc., together with its subsidiaries, provides power and thermal management solutions in Mainland China, the United States, Taiwan, and internationally.
Delta Electronics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NT$260.00|
|52 Week High||NT$177.00|
|52 Week Low||NT$335.00|
|1 Month Change||-5.97%|
|3 Month Change||-11.86%|
|1 Year Change||47.31%|
|3 Year Change||98.47%|
|5 Year Change||55.69%|
|Change since IPO||2,275.96%|
Recent News & Updates
|2308||TW Electronic||TW Market|
Return vs Industry: 2308 exceeded the TW Electronic industry which returned 32.9% over the past year.
Return vs Market: 2308 exceeded the TW Market which returned 40.8% over the past year.
Stable Share Price: 2308 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 2308's weekly volatility (4%) has been stable over the past year.
About the Company
Delta Electronics, Inc., together with its subsidiaries, provides power and thermal management solutions in Mainland China, the United States, Taiwan, and internationally. It operates through Power Electronics, Automation, and Infrastructure segments. The Power Electronics segment offers inductors, transformers, networking products, EMI filters, solenoids, and current sensing resistors for use in portable devices, cloud computing equipment, automotive, IoT, and other market segments; and switching power supplies, power modules, external adapters, industrial and medical power, and industrial battery charging products.
Delta Electronics Fundamentals Summary
|2308 fundamental statistics|
Is 2308 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2308 income statement (TTM)|
|Cost of Revenue||NT$212.97b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 29, 2021
|Earnings per share (EPS)||11.55|
|Net Profit Margin||9.75%|
How did 2308 perform over the long term?See historical performance and comparison
2.1%Current Dividend Yield
Is Delta Electronics undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2308 (NT$260) is trading above our estimate of fair value (NT$166.72)
Significantly Below Fair Value: 2308 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2308 is poor value based on its PE Ratio (22.5x) compared to the TW Electronic industry average (16.1x).
PE vs Market: 2308 is poor value based on its PE Ratio (22.5x) compared to the TW market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: 2308 is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: 2308 is overvalued based on its PB Ratio (4.7x) compared to the TW Electronic industry average (1.6x).
How is Delta Electronics forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2308's forecast earnings growth (9.8% per year) is above the savings rate (0.8%).
Earnings vs Market: 2308's earnings (9.8% per year) are forecast to grow faster than the TW market (8.7% per year).
High Growth Earnings: 2308's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2308's revenue (9.2% per year) is forecast to grow slower than the TW market (9.6% per year).
High Growth Revenue: 2308's revenue (9.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2308's Return on Equity is forecast to be high in 3 years time (20%)
How has Delta Electronics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2308 has high quality earnings.
Growing Profit Margin: 2308's current net profit margins (9.8%) are higher than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: 2308's earnings have grown by 9.2% per year over the past 5 years.
Accelerating Growth: 2308's earnings growth over the past year (50.9%) exceeds its 5-year average (9.2% per year).
Earnings vs Industry: 2308 earnings growth over the past year (50.9%) exceeded the Electronic industry 31%.
Return on Equity
High ROE: 2308's Return on Equity (18.3%) is considered low.
How is Delta Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: 2308's short term assets (NT$187.5B) exceed its short term liabilities (NT$113.9B).
Long Term Liabilities: 2308's short term assets (NT$187.5B) exceed its long term liabilities (NT$61.8B).
Debt to Equity History and Analysis
Debt Level: 2308's debt to equity ratio (21.9%) is considered satisfactory.
Reducing Debt: 2308's debt to equity ratio has increased from 18.3% to 21.9% over the past 5 years.
Debt Coverage: 2308's debt is well covered by operating cash flow (118.5%).
Interest Coverage: 2308 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Delta Electronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2308's dividend (2.12%) is higher than the bottom 25% of dividend payers in the TW market (1.92%).
High Dividend: 2308's dividend (2.12%) is low compared to the top 25% of dividend payers in the TW market (5.24%).
Stability and Growth of Payments
Stable Dividend: 2308's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2308's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.6%), 2308's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2308's dividends in 3 years are forecast to be covered by earnings (57.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ping Cheng (59 yo)
Mr. Ping Cheng serves as Chief Executive Officer of Delta India Electronics Pvt. Ltd. Mr. Cheng has been Chief Executive Officer of Delta Electronics Inc since 2012.He is Manager at Delta Electronics, Inc...
Experienced Board: 2308's board of directors are considered experienced (9.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Delta Electronics, Inc.'s employee growth, exchange listings and data sources
- Name: Delta Electronics, Inc.
- Ticker: 2308
- Exchange: TWSE
- Founded: 1971
- Industry: Electronic Components
- Sector: Tech
- Market Cap: NT$675.361b
- Shares outstanding: 2.60b
- Website: https://www.deltaww.com
- Delta Electronics, Inc.
- 186, Ruey Kuang Road
- Neihu District
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 08:32|
|End of Day Share Price||2021/09/24 00:00|
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.