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STOCK COMPARISON

Aces Electronics Co vs Delta Electronics: Fair Value & Quality

Both stocks run through our valuation models. Here is how Aces Electronics Co (3605) and Delta Electronics (2308) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees Aces Electronics Co as the less overvalued of the two: Aces Electronics Co trades at TWD 108 versus a fair value of TWD 44.00 (-59%), while Delta Electronics trades at TWD 1,815 versus TWD 438 (-76%).
Aces Electronics Co
3605.TW · TWD · Information Technology
-59%
upside to fair value
overvalued
PriceTWD 108
Fair ValueTWD 44.00
Quality55/100
Delta Electronics
2308.TW · TWD · Information Technology
-76%
upside to fair value
overvalued
PriceTWD 1,815
Fair ValueTWD 438
Quality58/100

Head-to-head numbers

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

Aces Electronics CoDelta Electronics
Valuation
23.2×P/E (TTM)81.3×
1.37×P/S (TTM)8.20×
1.92×P/B18.22×
11.9×EV/EBITDA37.9×
1.54×PEG1.68×
1.8%Dividend yield0.6%
TWD 1.68Dividend per shareTWD 11.60
Profitability
5%Net margin12%
5%Operating margin18%
8%Return on equity24%
3%Return on assets10%
Growth
10%Revenue growth (YoY)34%
1.5%Avg. growth/yr (3Y)13.0%
6.1%Avg. growth/yr (5Y)14.4%
Balance & size
0.28×Debt / equity0.21×
$473MMarket cap$152B
expensiveGrowth qualityhealthy

Delta Electronics leads: 6 to 8 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.

Aces Electronics Coof which business quality 55 · market factors 79 Delta Electronicsof which business quality 60 · market factors 60
ProfitabilityMargins and returns on capital today
39
65
Quality GrowthAre margins and returns improving?
59
77
CashflowEarnings quality: real cash, not paper profit
37
52
Fin. StrengthBalance sheet, leverage, solvency risk
68
85
InvestmentDisciplined investing over empire-building
53
43
Low VolatilityCalm price path (market factor)
39
18
MomentumPrice trend over the last 3–12 months (market factor)
93
77
52W MomentumDistance to the 52-week high (market factor)
100
82
Net IssuanceBuybacks instead of dilution
86
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.

Aces Electronics Co

DCF ModelsTWD 10.37
Earnings-BasedTWD 34.17
Dividend DiscountTWD 11.99
MultiplesTWD 68.67
Asset-BasedTWD 32.47
Economic ProfitTWD 37.83
Growth EarningsTWD 62.39

17 of 17 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.

Aces Electronics Co
Bear TWD 40.75Fair Value TWD 44.00Bull TWD 55.07
TWD 108 = current price (white tick)
Delta Electronics
Bear TWD 270Fair Value TWD 438Bull TWD 556
TWD 1,815 = 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.

Aces Electronics Co · Information Technology

Quality score55 · above median
Fair value upside-59% · below median

Delta Electronics · Information Technology

Quality score58 · above median
Fair value upside-76% · bottom 25%

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees Aces Electronics Co as the less overvalued of the two: Aces Electronics Co trades at TWD 108 versus a fair value of TWD 44.00 (-59%), while Delta Electronics trades at TWD 1,815 versus TWD 438 (-76%).

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

See the full analysis →
Aces Electronics Co · Delta Electronics

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