Company Valuation: Delta Electronics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 714,324 744,196 814,330 1,118,242 2,501,434 4,753,504 - -
Change - 4.18% 9.42% 37.32% 123.69% 90.03% - -
Enterprise Value (EV) 1 711,695 729,063 784,169 1,061,228 2,424,290 4,656,810 4,607,898 4,520,924
Change - 2.44% 7.56% 35.33% 128.44% 92.09% -1.05% -1.89%
P/E 26.8x 22.9x 24.4x 31.7x 41.7x 44.5x 28.4x 19.7x
PBR 4.61x 3.98x 4.09x 4.86x 9.33x 13.6x 10.3x 7.63x
PEG - 1x 8.98x 5.82x 0.6x 0.6x 0.5x 0.4x
Capitalization / Revenue 2.27x 1.94x 2.03x 2.66x 4.51x 6.11x 4.34x 3.14x
EV / Revenue 2.26x 1.9x 1.95x 2.52x 4.37x 5.98x 4.21x 2.99x
EV / EBITDA 14.7x 12.1x 12.5x 14.6x 21.7x 26.7x 17.2x 11.4x
EV / EBIT 22.7x 17.6x 19.1x 22.3x 28.9x 32.9x 20.1x 12.8x
EV / FCF 134x 29.5x 18.1x 26.9x 46.2x 162x 68.5x 28.5x
FCF Yield 0.74% 3.39% 5.52% 3.72% 2.17% 0.62% 1.46% 3.51%
Dividend per Share 2 5.5 9.84 6.43 7 11.6 17.48 30.14 45.47
Rate of return 2% 3.43% 2.05% 1.63% 1.2% 0.95% 1.65% 2.48%
EPS 2 10.27 12.52 12.86 13.56 23.08 41.08 64.37 92.99
Distribution rate 53.6% 78.6% 50% 51.6% 50.3% 42.5% 46.8% 48.9%
Net sales 1 314,671 384,443 401,227 421,148 554,885 778,367 1,094,734 1,514,159
EBITDA 1 48,516 60,375 62,540 72,668 111,771 174,525 267,803 396,911
EBIT 1 31,365 41,439 40,950 47,652 83,932 141,608 228,804 352,831
Net income 1 26,796 32,666 33,393 35,229 60,108 106,834 168,558 239,516
Net Debt 1 -2,630 -15,133 -30,161 -57,015 -77,144 -96,695 -145,606 -232,580
Reference price 2 275.00 286.50 313.50 430.50 963.00 1,830.00 1,830.00 1,830.00
Nbr of stocks (in thousands) 2,597,543 2,597,543 2,597,543 2,597,543 2,597,543 2,597,543 - -
Announcement Date 25/02/22 23/02/23 01/03/24 26/02/25 26/02/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
44.55x5.98x26.68x0.96% 150B
17.77x2.33x10.46x2.88% 257B
26.94x3.15x17.16x1.94% 258B
31.88x4.08x18.82x1.53% 197B
35.78x5.32x22.65x1.06% 156B
42.55x7x28.19x0.1% 98.97B
86.96x11.09x61.7x0.36% 92.77B
31.76x5.13x17.85x1.42% 86.56B
30.09x5.36x19.65x1.29% 55.28B
32.23x6.68x21.02x0.58% 54.16B
Average 38.05x 5.61x 24.42x 1.21% 140.66B
Weighted average by Cap. 34.50x 4.81x 21.80x 1.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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