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STOCK COMPARISON

Ichia Technologies vs Delta Electronics: Fair Value & Quality

Both stocks run through our valuation models. Here is how Ichia Technologies (2402) and Delta Electronics (2308) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Ichia Technologies as the less overvalued of the two: Ichia Technologies trades at TWD 54.10 versus a fair value of TWD 44.88 (-17%), while Delta Electronics trades at TWD 1,650 versus TWD 438 (-73%).
Ichia Technologies
2402.TW · TWD · Information Technology
-17%
upside to fair value
overvalued
PriceTWD 54.10
Fair ValueTWD 44.88
Quality44/100
Delta Electronics
2308.TW · TWD · Information Technology
-73%
upside to fair value
overvalued
PriceTWD 1,650
Fair ValueTWD 438
Quality58/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Ichia TechnologiesDelta Electronics
Valuation
24.3×P/E (TTM)81.3×
1.55×P/S (TTM)8.20×
2.34×P/B18.22×
15.1×EV/EBITDA37.9×
PEG1.68×
3.4%Dividend yield0.6%
TWD 2.00Dividend per shareTWD 11.60
Profitability
5%Net margin12%
3%Operating margin18%
9%Return on equity24%
3%Return on assets10%
Growth
15%Revenue growth (YoY)34%
12.3%Avg. growth/yr (3Y)13.0%
14.5%Avg. growth/yr (5Y)14.4%
Balance & size
0.36×Debt / equity0.21×
$539MMarket cap$152B
expensiveGrowth qualityhealthy

Delta Electronics leads: 6 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Ichia Technologiesof which business quality 47 · market factors 53 Delta Electronicsof which business quality 60 · market factors 58
ProfitabilityMargins and returns on capital today
39
65
Quality GrowthAre margins and returns improving?
47
77
CashflowEarnings quality: real cash, not paper profit
21
52
Fin. StrengthBalance sheet, leverage, solvency risk
70
85
InvestmentDisciplined investing over empire-building
39
43
Low VolatilityCalm price path (market factor)
53
18
MomentumPrice trend over the last 3–12 months (market factor)
51
72
52W MomentumDistance to the 52-week high (market factor)
55
78
Net IssuanceBuybacks instead of dilution
73
21

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Ichia Technologies

Earnings-BasedTWD 21.10
Dividend DiscountTWD 33.69
MultiplesTWD 45.36
Asset-BasedTWD 16.14
Economic ProfitTWD 25.96
Growth EarningsTWD 43.34

16 of 16 models see the stock below the current price.

Delta Electronics

DCF ModelsTWD 532
Earnings-BasedTWD 283
Dividend DiscountTWD 134
MultiplesTWD 490
Asset-BasedTWD 69.14
Growth DCFTWD 495
Economic ProfitTWD 318
Growth EarningsTWD 421

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Ichia Technologies
Bear TWD 30.34Fair Value TWD 44.88Bull TWD 58.11
TWD 54.10 = current price (white tick)
Delta Electronics
Bear TWD 270Fair Value TWD 438Bull TWD 556
TWD 1,650 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Ichia Technologies · Information Technology

Quality score44 · below median
Fair value upside-17% · above median

Delta Electronics · Information Technology

Quality score58 · above median
Fair value upside-73% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Ichia Technologies as the less overvalued of the two: Ichia Technologies trades at TWD 54.10 versus a fair value of TWD 44.88 (-17%), while Delta Electronics trades at TWD 1,650 versus TWD 438 (-73%).

Delta Electronics has the higher quality score (58/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.