Delta Electronics, Inc.

TWSE-2308

Basic

Market Cap
NT$1,011.74B
EV
NT$1,020.09B
Shares Out
2,597.54M
Revenue
NT$399.67B
Employees
—

Margins

Gross
29.67%
EBITDA
15.37%
Operating
9.99%
Pre-Tax
11.87%
Net
8.07%
FCF
10.23%

Returns (5Yr Avg)

ROA
7.84%
ROTA
16.76%
ROE
14.86%
ROCE
12.61%
ROIC
10.86%

Valuation (TTM)

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

Valuation (NTM)

Price Target
NT$415.94
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
NT$101.47B
Net Debt
-NT$37.3B
Debt/Equity
0.25
EBIT/Interest
31.78

Growth (CAGR)

Rev 3Yr
10.11%
Rev 5Yr
10.72%
Rev 10Yr
8.23%
Dil EPS 3Yr
2.4%
Dil EPS 5Yr
11.44%
Dil EPS 10Yr
5.28%
Rev Fwd 2Yr
10.61%
EBITDA Fwd 2Yr
14.91%
EPS Fwd 2Yr
14.63%
EPS LT Growth Est
13.64%

Dividends

Yield
—
Payout
51.79%
DPS
NT$6.43
DPS Growth 3Yr
5.35%
DPS Growth 5Yr
5.16%
DPS Growth 10Yr
1.04%
DPS Growth Fwd 2Yr
13.89%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Total Revenues						268,131.4	282,605.5	314,670.8	384,443.3	401,226.5	399,665.2
Total Revenues % Chg.						13.1%	5.4%	11.3%	22.2%	4.4%	1.2%
Cost of Goods Sold, Total						193,635.3	195,393.1	224,461.3	273,670.7	284,013.5	281,071.4
Gross Profit						74,496.1	87,212.4	90,209.5	110,772.6	117,213	118,593.9
Selling General & Admin Expenses, Total						31,255.5	30,450.8	31,819.6	37,430.2	40,088	41,026.7
Provision for Bad Debts	—	—	—	—		-2.7	-144.1	-152.8	133.2	135.3	281.7
R&D Expenses						23,887.9	25,479.9	27,202.5	31,770	36,047.9	37,350.2
Other Operating Expenses, Total						55,140.7	55,786.6	58,869.2	69,333.5	76,271.2	78,658.6
Operating Income						19,355.5	31,425.8	31,340.2	41,439.1	40,941.8	39,935.2
Interest Expense, Total						-731.7	-375.8	-295.2	-571.4	-1,170.7	-1,256.5
Interest And Investment Income						1,168.8	734.3	725.2	901.2	2,284	2,636.3
Net Interest Expenses						437.1	358.5	430.1	329.8	1,113.3	1,379.8
Income (Loss) On Equity Invest.						141.9	-59.6	-0.3	31.1	8.3	-32.9
Currency Exchange Gains (Loss)						454.7	399.1	1,203.4	583.8	1,275.2	1,617
Other Non Operating Income (Expenses)						2,729.6	3,116.4	3,121.9	2,826.8	3,720.4	3,039.8
EBT, Excl. Unusual Items						23,118.7	35,240.2	36,095.3	45,210.6	47,058.9	45,938.9
Impairment of Goodwill			—		—	—	-801.7	—	—	—	—
Gain (Loss) On Sale Of Investments					—	6,001.9	-95.7	90.1	845.8	2,098.9	2,026.1
Gain (Loss) On Sale Of Assets						-56.4	-67.5	-63.5	426	-196.8	-198
Asset Writedown		—		—	—	90.2	—	-164.9	-417.2	-318.9	-318.9
Other Unusual Items	—	—	—	—	—	—	—	-329.5	—	—	—
EBT, Incl. Unusual Items						29,154.4	34,275.3	35,627.5	46,065.3	48,642.1	47,448.2
Income Tax Expense						5,226.7	6,890.9	7,128.3	9,074.6	9,761.7	9,571.6
Earnings From Continuing Operations						23,927.8	27,384.3	28,499.2	36,990.7	38,880.4	37,876.5
Minority Interest						-810	-1,899.1	-1,702.9	-4,325	-5,487.7	-5,627.9
Net Income						23,117.8	25,485.2	26,796.3	32,665.7	33,392.7	32,248.7
Net Income to Common Incl Extra Items						23,117.8	25,485.2	26,796.3	32,665.7	33,392.7	32,248.7
Net Income to Common Excl. Extra Items						23,117.8	25,485.2	26,796.3	32,665.7	33,392.7	32,248.7
Total Shares Outstanding						2,597.5	2,597.5	2,597.5	2,597.5	2,597.5	2,597.5
Weighted Avg. Shares Outstanding						2,597.5	2,597.5	2,597.5	2,597.5	2,597.5	2,597.5
Weighted Avg. Shares Outstanding Dil						2,611.4	2,609.3	2,608	2,609.9	2,609.2	2,609.3
EPS						8.9	9.8	10.3	12.6	12.9	12.4
EPS Diluted						8.9	9.8	10.3	12.5	12.8	12.4
EBITDA						32,715.6	46,655.6	47,881.3	59,692.9	61,706.4	61,434.5
Effective Tax Rate						17.9%	20.1%	20%	19.7%	20.1%	20.2%