Obermatt

Delta Electronics Thailand

SET:DELTA · TH0528A10Z06
Electronic Equipment, Instruments & ComponentsX-Large

360

54
EV / EBIT5
Price / Owner Earnings15
Owner Earnings Yield24
Dividend Yield45
Price/Sales1
EV / Gross Profit2
Price/Book1
Return on Capital94
Cash Return on Capital96
Return on Equity90
EBIT Margin57
Gross Profitability100
Cash Conversion23
Accruals17
Owner Earnings Margin74
Sales growth84
Profit Growth90
Long-Term EPS Growth77
Owner Earnings Growth93
Reinvestment67
Price momentum80
Debt load93
Refinancing17
Debt Payback100
Liquidity100
Analyst ratings19
Opinion Changes74
Price Target Upside34
Market mood100
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Delta Electronics Thailand generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryTaiwan
IndustryElectronic Equipment, Instruments & Components
SizeX-Large
TypePublic Company
ExchangeSET
Founded1988
Employees394
ISINTH0528A10Z06
Last UpdateApr 2, 2026
Themes
Clean EnergyEnergy ManagementCleanTechEnergy StorageElectric VehicleClimateTechSmart EnergyBattery Energy Storage System (BESS)Industrial AutomationElectric Vehicle Charging InfrastructureEnergy EfficiencySmart BuildingData Center Technology

Description

Delta Electronics (Thailand) Public Company Limited (Delta Electronics (Thailand)) is a provider of power and thermal management solutions. The company specializes in the design, manufacture, and sale of a wide range of electronic products, including…

Analysis

Hope premium

Delta Electronics (Thailand) Public Company Limited carries what we call a hope premium: an average business trading at an ambitious price. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 210.2× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 39% yearly growth; analysts expect 44%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 20/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
64
2023202420252026

All-time high

64

Jun 2026

All-time low

8

Jan 2024

Average rank

34

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
1
23
9
15
Price/Earnings
1
10
18
9
Price/Book
1
9
5
7
Dividend Yield
45
35
51
35
Value (overall)
4
13
20
11

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →