We’ve recently updated our valuation analysis.

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

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

2308 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA14x
PEG Ratio2.3x

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.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.8x
3008 LARGAN PrecisionLtd
12.5x-2.4%NT$283.6b
3037 Unimicron Technology
7.7x11.4%NT$201.8b
8069 E Ink Holdings
21.6x19.6%NT$196.7b
8046 Nan Ya Printed Circuit Board
9.3x2.3%NT$157.0b
2308 Delta Electronics
24.7x10.8%NT$750.7b

Price-To-Earnings vs Peers: 2308 is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (12.8x).


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
Industry Avg.n/a10.8%
n/an/an/a

Price-To-Earnings vs Industry: 2308 is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the TW Electronic industry average (11.6x)


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 Ratio24.7x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: 2308 is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).


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$294.5) is trading above our estimate of fair value (NT$121.91)

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


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$294.50
NT$326.67
+10.9%
8.3%NT$376.00NT$282.00n/a18
Jan ’24NT$286.50
NT$326.67
+14.0%
8.3%NT$376.00NT$282.00n/a18
Dec ’23NT$305.00
NT$323.59
+6.1%
8.3%NT$370.00NT$282.00n/a17
Nov ’23NT$261.00
NT$320.18
+22.7%
7.7%NT$370.00NT$282.00n/a17
Oct ’23NT$253.00
NT$308.24
+21.8%
7.9%NT$372.00NT$268.00n/a17
Sep ’23NT$258.50
NT$305.06
+18.0%
8.3%NT$372.00NT$268.00n/a17
Aug ’23NT$258.50
NT$304.65
+17.9%
8.4%NT$372.00NT$268.00n/a17
Jul ’23NT$221.50
NT$294.41
+32.9%
8.0%NT$345.00NT$260.00n/a17
Jun ’23NT$241.50
NT$294.41
+21.9%
8.0%NT$345.00NT$260.00n/a17
May ’23NT$250.00
NT$294.41
+17.8%
7.8%NT$345.00NT$260.00n/a17
Apr ’23NT$268.50
NT$296.24
+10.3%
8.3%NT$352.00NT$260.00n/a17
Mar ’23NT$256.50
NT$289.35
+12.8%
10.0%NT$352.00NT$250.00n/a17
Feb ’23NT$268.00
NT$293.88
+9.7%
11.5%NT$375.00NT$250.00NT$294.5017
Jan ’23NT$275.00
NT$284.94
+3.6%
11.5%NT$340.00NT$218.00NT$286.5017
Dec ’22NT$258.00
NT$284.35
+10.2%
11.5%NT$340.00NT$218.00NT$305.0017
Nov ’22NT$257.50
NT$293.00
+13.8%
13.5%NT$367.00NT$218.00NT$261.0018
Oct ’22NT$248.00
NT$329.94
+33.0%
10.7%NT$385.00NT$252.00NT$253.0018
Sep ’22NT$272.00
NT$342.94
+26.1%
10.0%NT$385.00NT$252.00NT$258.5018
Aug ’22NT$287.00
NT$341.83
+19.1%
10.6%NT$385.00NT$243.00NT$258.5018
Jul ’22NT$297.50
NT$350.06
+17.7%
9.9%NT$395.00NT$243.00NT$221.5018
Jun ’22NT$297.00
NT$346.11
+16.5%
11.9%NT$395.00NT$243.00NT$241.5019
May ’22NT$302.50
NT$343.17
+13.4%
12.3%NT$395.00NT$243.00NT$250.0018
Apr ’22NT$295.50
NT$341.28
+15.5%
12.2%NT$395.00NT$243.00NT$268.5018
Mar ’22NT$280.50
NT$341.59
+21.8%
12.3%NT$395.00NT$243.00NT$256.5017
Feb ’22NT$285.00
NT$307.53
+7.9%
21.9%NT$395.00NT$187.00NT$268.0017

Analyst Forecast: Target price is less than 20% higher than the current share price.


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