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 4,727,529 - -
Change - 4.18% 9.42% 37.32% 123.69% 88.99% - -
Enterprise Value (EV) 1 711,695 729,063 784,169 1,061,228 2,424,290 4,630,834 4,592,337 4,524,074
Change - 2.44% 7.56% 35.33% 128.44% 91.02% -0.83% -1.49%
P/E 26.8x 22.9x 24.4x 31.7x 41.7x 44.4x 28.4x 19.6x
PBR 4.61x 3.98x 4.09x 4.86x 9.33x 13.5x 10.3x 7.61x
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 6.07x 4.32x 3.12x
EV / Revenue 2.26x 1.9x 1.95x 2.52x 4.37x 5.95x 4.19x 2.99x
EV / EBITDA 14.7x 12.1x 12.5x 14.6x 21.7x 26.5x 17.1x 11.4x
EV / EBIT 22.7x 17.6x 19.1x 22.3x 28.9x 32.7x 20.1x 12.8x
EV / FCF 134x 29.5x 18.1x 26.9x 46.2x 161x 68.3x 25x
FCF Yield 0.74% 3.39% 5.52% 3.72% 2.17% 0.62% 1.47% 4%
Dividend per Share 2 5.5 9.84 6.43 7 11.6 20.41 34.03 54.29
Rate of return 2% 3.43% 2.05% 1.63% 1.2% 1.12% 1.86% 2.97%
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% 49.7% 52.9% 58.4%
Net sales 1 314,671 384,443 401,227 421,148 554,885 778,367 1,094,733 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 -135,192 -203,455
Reference price 2 275.00 286.50 313.50 430.50 963.00 1,825.00 1,825.00 1,825.00
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 25/2/22 23/2/23 1/3/24 26/2/25 26/2/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
42.85x5.75x25.64x1.16% 144B
25.16x2.97x16.19x2.08% 242B
16.86x2.18x9.79x3.04% 244B
30.36x3.9x17.98x1.61% 188B
35.27x5.25x22.37x1.08% 154B
44.5x7.32x29.43x0.09% 103B
86.48x10.88x61.77x0.37% 92.06B
30.74x4.99x17.34x1.47% 83.79B
31.94x6.83x21.5x0.58% 53.69B
28.04x5x19x1.44% 52.7B
Average 37.22x 5.51x 24.10x 1.29% 135.7B
Weighted average by Cap. 33.77x 4.74x 21.49x 1.59%

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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