Delta Electronics, Inc.

TWSE:2308 Stock Report

Market Cap: NT$989.7b

Delta Electronics Valuation

Is 2308 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 2308 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2308 (NT$381) is trading above our estimate of fair value (NT$342.18)

Significantly Below Fair Value: 2308 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2308?

Key metric: As 2308 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2308. This is calculated by dividing 2308's market cap by their current earnings.
What is 2308's PE Ratio?
PE Ratio26.7x
EarningsNT$37.02b
Market CapNT$989.66b

Price to Earnings Ratio vs Peers

How does 2308's PE Ratio compare to its peers?

The above table shows the PE ratio for 2308 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27x
8069 E Ink Holdings
49.6x39.7%NT$326.9b
3008 LARGAN PrecisionLtd
14.2x3.0%NT$315.7b
2327 Yageo
13.1x10.5%NT$268.9b
3037 Unimicron Technology
30.8x62.5%NT$244.6b
2308 Delta Electronics
26.7x15.4%NT$989.7b

Price-To-Earnings vs Peers: 2308 is good value based on its Price-To-Earnings Ratio (26.7x) compared to the peer average (27x).

Price to Earnings Ratio vs Industry

How does 2308's PE Ratio compare vs other companies in the TW Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
2308 26.7xIndustry Avg. 22.7xNo. of Companies50PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2308 is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the TW Electronic industry average (22.7x).

Price to Earnings Ratio vs Fair Ratio

What is 2308'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.

2308 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.7x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: 2308 is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

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 2308 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$381.00
NT$485.28
+27.4%
8.1%NT$535.00NT$352.00n/a18
Nov ’25NT$390.50
NT$483.00
+23.7%
7.8%NT$525.00NT$352.00n/a18
Oct ’25NT$384.50
NT$482.00
+25.4%
8.8%NT$528.00NT$331.00n/a18
Sep ’25NT$399.50
NT$482.00
+20.7%
8.8%NT$528.00NT$331.00n/a18
Aug ’25NT$424.00
NT$462.22
+9.0%
12.6%NT$528.00NT$331.00n/a18
Jul ’25NT$390.50
NT$403.24
+3.3%
10.7%NT$490.00NT$331.00n/a17
Jun ’25NT$325.00
NT$367.53
+13.1%
8.6%NT$450.00NT$331.00n/a17
May ’25NT$320.50
NT$349.65
+9.1%
9.8%NT$415.00NT$297.00n/a17
Apr ’25NT$334.50
NT$349.65
+4.5%
9.8%NT$415.00NT$297.00n/a17
Mar ’25NT$293.50
NT$357.19
+21.7%
9.6%NT$410.00NT$297.00n/a16
Feb ’25NT$285.00
NT$368.25
+29.2%
9.9%NT$416.00NT$297.00n/a16
Jan ’25NT$313.50
NT$367.94
+17.4%
9.6%NT$416.00NT$315.00n/a16
Dec ’24NT$319.50
NT$362.59
+13.5%
9.9%NT$416.00NT$310.00n/a17
Nov ’24NT$287.00
NT$373.53
+30.1%
10.0%NT$429.00NT$310.00NT$390.5017
Oct ’24NT$324.50
NT$412.75
+27.2%
7.3%NT$450.00NT$335.00NT$384.5016
Sep ’24NT$346.00
NT$409.88
+18.5%
7.8%NT$450.00NT$335.00NT$399.5017
Aug ’24NT$372.50
NT$397.56
+6.7%
10.0%NT$450.00NT$335.00NT$424.0018
Jul ’24NT$344.50
NT$359.06
+4.2%
8.8%NT$420.00NT$320.00NT$390.5018
Jun ’24NT$316.50
NT$345.28
+9.1%
4.5%NT$376.00NT$320.00NT$325.0018
May ’24NT$300.00
NT$343.17
+14.4%
4.7%NT$376.00NT$318.00NT$320.5018
Apr ’24NT$301.00
NT$336.72
+11.9%
6.7%NT$376.00NT$295.00NT$334.5018
Mar ’24NT$289.50
NT$336.89
+16.4%
6.7%NT$376.00NT$295.00NT$293.5018
Feb ’24NT$294.50
NT$326.67
+10.9%
8.3%NT$376.00NT$282.00NT$285.0018
Jan ’24NT$286.50
NT$326.67
+14.0%
8.3%NT$376.00NT$282.00NT$313.5018
Dec ’23NT$305.00
NT$323.59
+6.1%
8.3%NT$370.00NT$282.00NT$319.5017
Nov ’23NT$261.00
NT$320.18
+22.7%
7.7%NT$370.00NT$282.00NT$287.0017

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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