Delta Electronics (Thailand) Public Company Limited

SET-DELTA

Basic

Market Cap
THB 1,141.35B
EV
THB 1,135.72B
Shares Out
12.47B
Revenue
THB 152.11B
Employees
—

Margins

Gross
22.87%
EBITDA
15.05%
Operating
11.81%
Pre-Tax
13.27%
Net
12.57%
FCF
-1.15%

Returns (5Yr Avg)

ROA
13.38%
ROTA
21.56%
ROE
21.37%
ROCE
18.7%
ROIC
20.89%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
THB 76.73
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
THB 8,001.82M
Net Debt
-THB 5,636.93M
Debt/Equity
0.03
EBIT/Interest
151.58

Growth (CAGR)

Rev 3Yr
29.72%
Rev 5Yr
23.07%
Rev 10Yr
13.62%
Dil EPS 3Yr
33.65%
Dil EPS 5Yr
29.92%
Dil EPS 10Yr
13.07%
Rev Fwd 2Yr
13.36%
EBITDA Fwd 2Yr
16.6%
EPS Fwd 2Yr
12.78%
EPS LT Growth Est
15.7%

Dividends

Yield
—
Payout
29.37%
DPS
THB 0.45
DPS Growth 3Yr
10.89%
DPS Growth 5Yr
14.37%
DPS Growth 10Yr
5.24%
DPS Growth Fwd 2Yr
22.78%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						52,046.7	63,208	84,318.4	118,558	146,371.3	152,065.9
Other Revenues, Total	—			—		429.1	—	442.1	—	—	39.1
Total Revenues						52,475.8	63,208	84,760.5	118,558	146,371.3	152,105
Total Revenues % Chg.						-1.9%	20.5%	34.1%	39.9%	23.5%	20.4%
Cost of Goods Sold, Total						41,411	48,089.1	66,959.9	90,617.6	112,880.5	117,316.5
Gross Profit						11,064.8	15,118.9	17,800.6	27,940.4	33,490.8	34,788.5
Selling General & Admin Expenses, Total						5,568.8	6,141.9	8,269.9	9,705.5	11,606.3	12,985
R&D Expenses						2,745.3	2,620.5	3,165.4	3,741.8	3,876.5	3,513.3
Other Operating Expenses	—	—	—	—	—	46.8	68.4	51.8	55.1	382.1	324.4
Other Operating Expenses, Total						8,360.8	8,830.8	11,487.1	13,502.5	15,864.8	16,822.6
Operating Income						2,704	6,288	6,313.5	14,437.9	17,626	17,965.9
Interest Expense, Total						-2	-1.2	-4	-19.5	-109.4	-118.5
Interest And Investment Income						238	111.4	54.1	65.8	183.4	197.7
Net Interest Expenses						236	110.3	50.1	46.3	74.1	79.1
Income (Loss) On Equity Invest.		—	—			24.8	60.8	—	—	—	—
Currency Exchange Gains (Loss)						31.9	388	1,017.8	449.9	675.4	749.6
Other Non Operating Income (Expenses)						—	507.4	—	546.7	1,120.3	1,120.3
EBT, Excl. Unusual Items						2,996.7	7,354.6	7,381.4	15,480.8	19,495.7	19,914.9
Gain (Loss) On Sale Of Investments		—	—		—	—	-95.1	—	—	—	—
Gain (Loss) On Sale Of Assets		—	—		—	—	—	—	—	—	—
Asset Writedown	—	—	—	—	—	—	—	-187	—	—	—
Insurance Settlements	—	—	—	—	—	—	—	—	330.7	—	266.1
Other Unusual Items	—	—	—	—	—	-22.1	49.4	-393.4	—	—	—
EBT, Incl. Unusual Items						2,974.6	7,308.8	6,801	15,811.5	19,495.7	20,180.9
Income Tax Expense						22.9	207.6	97.7	466.9	1,073.2	1,065.4
Earnings From Continuing Operations						2,951.7	7,101.2	6,703.3	15,344.5	18,422.5	19,115.6
Minority Interest	—	—	—			8.3	0.4	-4.3	—	—	—
Net Income						2,960	7,101.6	6,699	15,344.5	18,422.5	19,115.6
Net Income to Common Incl Extra Items						2,960	7,101.6	6,699	15,344.5	18,422.5	19,115.6
Net Income to Common Excl. Extra Items						2,960	7,101.6	6,699	15,344.5	18,422.5	19,115.6
Total Shares Outstanding						12,473.8	12,473.8	12,473.8	12,473.8	12,473.8	12,473.8
Weighted Avg. Shares Outstanding						12,473.8	12,470	12,470	12,474	12,474	12,474
Weighted Avg. Shares Outstanding Dil						12,473.8	12,470	12,470	12,474	12,474	12,474
EPS						0.2	0.6	0.5	1.2	1.5	1.5
EPS Diluted						0.2	0.6	0.5	1.2	1.5	1.5
EBITDA						4,397.9	8,330.4	8,636.4	17,448.5	22,051.6	22,898.2
Effective Tax Rate						0.8%	2.8%	1.4%	3%	5.5%	5.3%