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Delta Electronics (Thailand) Public Company Limited (DELTA-R.BK)
Key financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | THB bn | 63 | 84 | 119 | 146 | 165 | 198 | 238 | 240 |
| Operating profit | THB bn | 26 | 31 | ||||||
| Net profit | THB bn | 7 | 7 | 15 | 18 | 19 | 25 | 30 | 31 |
| EPS reported | THB | 1.99 | 2.40 | ||||||
| Operating cashflow per share | THB | 2.25 | 2.46 | ||||||
| Capex per share | THB | 1.20 | 1.49 | ||||||
| FCF per share | THB | 1.05 | 0.97 | ||||||
| Free cash flow | THB bn | 13 | 12 | ||||||
| Net debt | THB bn | -19 | -14 | ||||||
| Book value equity | THB bn | 97 | 105 | ||||||
| Book value per share | THB | 7.75 | 8.45 | ||||||
| Number of shares | m | 12,474 | 12,473.82 | ||||||
| DPS (TTM paid) | THB | 0.60 | 0.60 |
Financial summary
Financials in THB| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 86.93 | 108.75 | ||||||
| P/B LTM | x | 22.31 | 30.88 | ||||||
| P/S LTM | x | 10.89 | 13.71 | ||||||
| P/FCF LTM | x | 164.85 | 269.45 | ||||||
| EV/EBITDA LTM | x | 61.97 | 77.87 | ||||||
| EV/Sales LTM | x | 10.80 | 13.65 | ||||||
| Earnings Yield LTM | % | 1.15% | 0.92% | ||||||
| FCF Yield | % | 0.61% | 0.37% | ||||||
| Quality | |||||||||
| ROE | % | 25.65% | 29.90% | ||||||
| ROIC | % | 22.11% | 23.39% | ||||||
| Operating margin | % | 13.29% | 13.19% | ||||||
| Gross margin | % | 26.30% | 28.84% | ||||||
| FCF/Sales | % | 6.61% | 5.09% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +30.92% | +65.52% | ||||||
| Sales Growth YoY | % | +20.29% | +37.93% | ||||||
| Net Income Growth YoY | % | +31.03% | +64.18% | ||||||
| FCF Growth | % | -19.79% | -10.19% | ||||||
| Operating Profit Growth | % | +34.10% | +55.93% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.27% | 0.23% | ||||||
| Dividend Growth | % | +30.43% | +30.43% | ||||||
| Payout Ratio | % | 23.12% | 25.00% | ||||||
| FCF/Debt | x | 8.93 | 2.82 | ||||||
| Net Debt/EBITDA | x | -0.55 | -0.33 | ||||||
| EBIT/Net interest | x | 413.35 | 613.44 | ||||||
| Net debt/market cap | % | -0.88% | -0.43% | ||||||
| Net debt/Equity | x | -0.20 | -0.13 | ||||||
| Gross debt/equity | x | 0.02 | 0.04 | ||||||
ETFs that hold Delta Electronics (Thailand) Public
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares MSCI Thailand ETF | THD | 1 | 14.93% |
| Xtrackers MSCI Thailand UCITS ETF 1C | XCS4.DE | 1 | 21.22% |
| Global X - FTSE Southeast Asia ETF | ASEA | 5 | 3.58% |
| WisdomTree True Emerging Markets Fund | XC | 7 | 1.45% |
| Galaxy Bosera MSCI China ASEAN Economic Linkage Select Index ETF | 2805.HK | 9 | 3.29% |
Funds with Delta Electronics (Thailand) Public among their ten largest holdings, largest fund first.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Delta Electronics (Thailand) Public Company Limited is a Thai corporation dedicated to the research, development, manufacturing, and global distribution of a wide array of electronic products. The company strategically organizes its operations across three core divisions: Power Electronics, Infrastructure, and Automation. Within its Power Electronics division, Delta produces an extensive range of components, including various inductors, transformers, EMI filters, current sensing resistors, and power modules. This segment also provides switching power supplies, LED drivers, and advanced thermal management solutions such as DC brushless fans, blowers, and motors. Furthermore, it supplies critical components for electric and hybrid vehicles, like on-board chargers and DC/DC converters, alongside specialized power products for display and visualization, mobile, industrial, and medical applications, including healthcare devices. The Automation division delivers comprehensive industrial automation solutions, encompassing drives, power quality products, motion control systems, robotics, control software, and manufacturing equipment. It also manufactures a diverse set of field devices, such as temperature controllers, machine vision systems, pressure sensors, timers/counters/tachometers, industrial power supplies, power meters, and smart sensors. The Infrastructure division focuses on cutting-edge solutions for building management and control systems, intelligent surveillance, and LED lighting. It extends its offerings to robust telecom power systems, networking systems, UPS, and datacenter infrastructure. Additionally, this segment provides products for EV charging, energy storage, renewable energy, and industrial battery charging. Beyond its primary electronics business, the company also engages in property rental. Established in 1988 and headquartered in Samut Prakan, Thailand, Delta Electronics (Thailand) maintains a substantial international footprint, conducting operations across the United States, China, Germany, India, Ireland, Singapore, Norway, Taiwan, the Netherlands, and numerous other global markets.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Delta Electronics (Thailand) Public Company Limited (DELTA-R.BK)
| Fund | Ticker | Position# | Weight |
|---|---|---|---|
| iShares MSCI Thailand ETF | THD | 1 | 14.93% |
| Xtrackers MSCI Thailand UCITS ETF 1C | XCS4.DE | 1 | 21.22% |
| Global X - FTSE Southeast Asia ETF | ASEA | 5 | 3.58% |
| WisdomTree True Emerging Markets Fund | XC | 7 | 1.45% |
| Galaxy Bosera MSCI China ASEAN Economic Linkage Select Index ETF | 2805.HK | 9 | 3.29% |
Funds with Delta Electronics (Thailand) Public among their ten largest holdings, largest fund first.
Based on consensus from external analysts. Not Kvantra's opinion.
Delta Electronics (Thailand) Public Company Limited is a Thai corporation dedicated to the research, development, manufacturing, and global distribution of a wide array of electronic products. The company strategically organizes its operations across three core divisions: Power Electronics, Infrastructure, and Automation. Within its Power Electronics division, Delta produces an extensive range of components, including various inductors, transformers, EMI filters, current sensing resistors, and power modules. This segment also provides switching power supplies, LED drivers, and advanced thermal management solutions such as DC brushless fans, blowers, and motors. Furthermore, it supplies critical components for electric and hybrid vehicles, like on-board chargers and DC/DC converters, alongside specialized power products for display and visualization, mobile, industrial, and medical applications, including healthcare devices. The Automation division delivers comprehensive industrial automation solutions, encompassing drives, power quality products, motion control systems, robotics, control software, and manufacturing equipment. It also manufactures a diverse set of field devices, such as temperature controllers, machine vision systems, pressure sensors, timers/counters/tachometers, industrial power supplies, power meters, and smart sensors. The Infrastructure division focuses on cutting-edge solutions for building management and control systems, intelligent surveillance, and LED lighting. It extends its offerings to robust telecom power systems, networking systems, UPS, and datacenter infrastructure. Additionally, this segment provides products for EV charging, energy storage, renewable energy, and industrial battery charging. Beyond its primary electronics business, the company also engages in property rental. Established in 1988 and headquartered in Samut Prakan, Thailand, Delta Electronics (Thailand) maintains a substantial international footprint, conducting operations across the United States, China, Germany, India, Ireland, Singapore, Norway, Taiwan, the Netherlands, and numerous other global markets.
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