Delta Electronics, Inc.

TWSE:2308 Stock Report

Market Cap: NT$2.4t

Delta Electronics Valuation

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

NT$795.45
Fair Value
15.9% overvalued intrinsic discount
18
Number of Analysts

Below Fair Value: 2308 (NT$922) is trading above our estimate of fair value (NT$795.45)

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 Ratio47.9x
EarningsNT$49.96b
Market CapNT$2.39t

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 Average26.4x
2327 Yageo
23.3x16.31%NT$480.2b
2383 Elite Material
36.4x29.94%NT$493.4b
3008 LARGAN PrecisionLtd
12.6x7.35%NT$293.6b
2368 Gold Circuit Electronics
33.3x31.13%NT$264.8b
2308 Delta Electronics
47.9x23.71%NT$2.4t

Price-To-Earnings vs Peers: 2308 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the peer average (26.4x).

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 47.9xIndustry Avg. 21.0xNo. of Companies57PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2308 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the TW Electronic industry average (21x).

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 Ratio47.9x
Fair PE Ratio32.8x

Price-To-Earnings vs Fair Ratio: 2308 is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the estimated Fair Price-To-Earnings Ratio (32.8x).

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 2308 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$922.00
NT$1,193.39
+29.43%
16.59%NT$1,400.00NT$550.00n/a18
Nov ’26NT$995.00
NT$1,154.78
+16.06%
21.79%NT$1,400.00NT$450.00n/a18
Oct ’26NT$871.00
NT$914.50
+4.99%
24.20%NT$1,200.00NT$450.00n/a18
Sep ’26NT$688.00
NT$658.67
-4.26%
10.52%NT$750.00NT$450.00n/a18
Aug ’26NT$588.00
NT$623.00
+5.95%
15.25%NT$715.00NT$352.00n/a18
Jul ’26NT$428.00
NT$465.39
+8.74%
8.90%NT$520.00NT$352.00n/a18
Jun ’26NT$374.00
NT$452.50
+20.99%
8.60%NT$510.00NT$352.00n/a18
May ’26NT$333.50
NT$462.22
+38.60%
8.54%NT$510.00NT$352.00n/a18
Apr ’26NT$371.00
NT$487.50
+31.40%
9.06%NT$550.00NT$352.00n/a18
Mar ’26NT$402.00
NT$488.06
+21.41%
9.55%NT$580.00NT$352.00n/a18
Feb ’26n/a
NT$492.44
0%
8.75%NT$535.00NT$352.00n/a18
Jan ’26NT$430.50
NT$488.06
+13.37%
8.40%NT$535.00NT$352.00n/a18
Dec ’25NT$381.00
NT$486.94
+27.81%
8.35%NT$535.00NT$352.00n/a18
Nov ’25NT$390.50
NT$483.00
+23.69%
7.80%NT$525.00NT$352.00NT$995.0018
Oct ’25NT$384.50
NT$482.00
+25.36%
8.84%NT$528.00NT$331.00NT$871.0018
Sep ’25NT$399.50
NT$482.00
+20.65%
8.84%NT$528.00NT$331.00NT$688.0018
Aug ’25NT$424.00
NT$462.22
+9.01%
12.59%NT$528.00NT$331.00NT$588.0018
Jul ’25NT$390.50
NT$403.24
+3.26%
10.73%NT$490.00NT$331.00NT$428.0017
Jun ’25NT$325.00
NT$367.53
+13.09%
8.59%NT$450.00NT$331.00NT$374.0017
May ’25NT$320.50
NT$349.65
+9.09%
9.78%NT$415.00NT$297.00NT$333.5017
Apr ’25NT$334.50
NT$349.65
+4.53%
9.78%NT$415.00NT$297.00NT$371.0017
Mar ’25NT$293.50
NT$357.19
+21.70%
9.62%NT$410.00NT$297.00NT$402.0016
Feb ’25NT$285.00
NT$368.25
+29.21%
9.86%NT$416.00NT$297.00n/a16
Jan ’25NT$313.50
NT$367.94
+17.36%
9.57%NT$416.00NT$315.00NT$430.5016
Dec ’24NT$319.50
NT$362.59
+13.49%
9.91%NT$416.00NT$310.00NT$381.0017
Nov ’24NT$287.00
NT$373.53
+30.15%
10.04%NT$429.00NT$310.00NT$390.5017
NT$1.19k
Fair Value
22.7% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/16 05:33
End of Day Share Price 2025/11/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 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 Github.

Analyst Sources

Delta Electronics, Inc. is covered by 33 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
Wayne DongBarclays
Yingchao YangBarclays
Robert ChengBofA Global Research