Delta Electronics Inc (2308) Fair Value & Analysis
Technology · TW · Market cap 4.9T TWD (≈ $154B) · ISIN TW0002308004
What is Delta Electronics Inc really worth?
A solid business, but trading 256% above our fair value of 512.01 TWD.
Strengths
Risks
For context
Fair value as of: Aug 22, 2026
From 26 valuation models · updated 14 days ago
Share price +10.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (778.08 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (303.31 TWD to 778.08 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range 204.57 TWD – 2,520 TWD · fair‑value band 303.31 TWD – 778.08 TWD · the 1,825 TWD price screens above the 512.01 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.
Analysis
Delta Electronics Inc (2308) currently trades at 1,825 TWD, while our model-based Fair Value estimate is 512.01 TWD, implying the stock looks roughly 256.4% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 519.57 TWD per share, and 0 of the 26 models we run sit above the 1,825 TWD price. Bear case: the Asset-Based group reads lowest at 69.14 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Delta Electronics Inc generated revenue of 595B TWD at a net margin of 11.8%. Revenue grew 34.0% year over year. It earns a return on equity of 24.3%. The balance sheet holds a net cash position of 72.4B TWD. Fundamentals as of Aug 22, 2026
Our scenario range runs from 303.31 TWD (bear case) to 778.08 TWD (bull case); at 1,825 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 29% below its 52-week high and 364% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −72%, 2308 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 7.80 TWD per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (519.57 TWD) versus Asset-Based (69.14 TWD). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 54
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Delta Electronics, Inc., together with its subsidiaries, provides power and thermal management solutions in Mainland China, the United States, Taiwan, Thailand, and internationally. It operates through Power Electronics, Mobility, Automation, and Infrastructure segments.
Full company description
Delta Electronics, Inc., together with its subsidiaries, provides power and thermal management solutions in Mainland China, the United States, Taiwan, Thailand, and internationally. It operates through Power Electronics, Mobility, Automation, and Infrastructure segments. The company offers inductors, transformer components, networking products, EMI filters, solenoids, current sensing resistors, power modules, and stamping and over molding components; embedded power, adapters, industrial and medical power solutions, industrial battery charging, USB socket outlets, and hydrogen power and high voltage power solutions; and DC brushless and EC fans and blowers, automotive thermal and thermal management solutions, liquid cooling and climate thermal solutions, and indoor air quality products. It also provides EV power electronics, traction, and X-in-1 products. In addition, the company offers drive and power quality, motion, control, robot, and manufacturing equipment, as well as field devices, software, and industrial PCs; and building management and control, indoor air quality, LED lighting, smart surveillance, healthy lighting, and building solutions. Further, it provides telecom power systems, networking and rural electrification system, UPS and data center infrastructure, and power quality products; EV charging, energy storage systems, photovoltaic inverters, energy management, wind power converters, solid state transformers, medium voltage drives, high voltage power, automatic test equipment, and hydrogen energy and fuel cell solutions; and business and education multimedia and high-performance projectors, collaboration and signage solutions, and smart campus solutions, as well as DLP, LED, and LCD video walls. Additionally, it provides consulting services for building management and control solutions. Delta Electronics, Inc. was founded in 1971 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Delta Electronics Inc reported revenue of 555B TWD in FY2025 versus 315B TWD in FY2021, a compound +15.2%/yr. Reported net income was 67.9B TWD in FY2025, compounding +26.2%/yr from FY2021.
of which total revenue +9.5 % · buybacks/dilution −0.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
2308 screens 256% overvalued. Compare with Amphenol Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Delta Electronics Expands Malaysia Footprint with New Johor Bahru Office and AI Infrastructure Forum in Kuala Lumpur
- Delta Electronics (Americas) and X LABS Sign Technology Partnership MOU to Power Next-Gen AI Data Centers
Peer Group
Electronic Components · 638 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Electronic Components median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amphenol Corporation APH | $157.74 | $97.19 | −38% |
| Corning Incorporated GLW | CHF 134.64 | CHF 35.18 | −74% |
| Luxshare Precision Industry Co 002475 | ¥56.06 | ¥38.44 | −31% |
| Samsung Electro-Mechanics Co 009150 | 1,503,000 KRW | 172,954 KRW | −88% |
| Suzhou Dongshan Precision Manufacturing Co 002384 | ¥202.11 | ¥21.19 | −90% |
| TE Connectivity plc TEL | $202.66 | $144.42 | −29% |
| Shengyi Technology Co 600183 | ¥132.80 | ¥36.30 | −73% |
| Flex Ltd FLEX | $124.53 | $48.10 | −61% |
| Celestica Inc CLS | $298.70 | $113.54 | −62% |
| Shennan Circuits Co 002916 | ¥392.90 | ¥125.52 | −68% |
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