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STOCK COMPARISON

Appro Photoelectron vs Delta Electronics: Fair Value & Quality

Both stocks run through our valuation models. Here is how Appro Photoelectron (6560) and Delta Electronics (2308) compare, as of Aug 20, 2026.

As of Aug 20, 2026, Fair Value Calculator sees Delta Electronics as the less overvalued of the two: Appro Photoelectron trades at TWD 31.55 versus a fair value of TWD 5.50 (-83%), while Delta Electronics trades at TWD 1,745 versus TWD 512 (-71%).
Appro Photoelectron
6560.TWO · TWD · Information Technology
-83%
upside to fair value
overvalued
PriceTWD 31.55
Fair ValueTWD 5.50
Quality45/100
Delta Electronics
2308.TW · TWD · Information Technology
-71%
upside to fair value
overvalued
PriceTWD 1,745
Fair ValueTWD 512
Quality58/100
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Head-to-head numbers

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

Appro PhotoelectronDelta Electronics
Valuation
P/E (TTM)81.3×
0.16×P/S (TTM)8.20×
0.05×P/B18.22×
EV/EBITDA37.9×
PEG1.68×
2.2%Dividend yield0.7%
Dividend per shareTWD 11.60
Profitability
1%Net margin12%
6%Operating margin18%
0%Return on equity24%
-0%Return on assets10%
Growth
77%Revenue growth (YoY)34%
-22.1%Avg. growth/yr (3Y)13.0%
-25.2%Avg. growth/yr (5Y)14.4%
Balance & size
Debt / equity0.21×
$34MMarket cap$153B
weakGrowth qualityhealthy

Delta Electronics leads: 4 to 6 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.

Appro Photoelectronof which business quality 48 · market factors 32 Delta Electronicsof which business quality 60 · market factors 58
ProfitabilityMargins and returns on capital today
12
65
Quality GrowthAre margins and returns improving?
71
77
CashflowEarnings quality: real cash, not paper profit
33
52
Fin. StrengthBalance sheet, leverage, solvency risk
99
85
InvestmentDisciplined investing over empire-building
74
43
Low VolatilityCalm price path (market factor)
61
17
MomentumPrice trend over the last 3–12 months (market factor)
25
73
52W MomentumDistance to the 52-week high (market factor)
12
80
Net IssuanceBuybacks instead of dilution
1
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.

Appro Photoelectron

Dividend DiscountTWD 7.02
Asset-BasedTWD 13.23

3 of 3 models see the stock below the current price.

Delta Electronics

DCF ModelsTWD 602
Earnings-BasedTWD 283
Dividend DiscountTWD 134
MultiplesTWD 594
Asset-BasedTWD 69.14
Growth DCFTWD 495
Economic ProfitTWD 318
Growth EarningsTWD 520

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.

Appro Photoelectron
Bear TWD 5.49Fair Value TWD 5.50Bull TWD 5.52
TWD 31.55 = current price (white tick)
Delta Electronics
Bear TWD 303Fair Value TWD 512Bull TWD 778
TWD 1,745 = 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.

Appro Photoelectron · Information Technology

Quality score45 · below median
Fair value upside-83% · bottom 25%

Delta Electronics · Information Technology

Quality score58 · above median
Fair value upside-71% · bottom 25%

Bottom line

As of Aug 20, 2026, Fair Value Calculator sees Delta Electronics as the less overvalued of the two: Appro Photoelectron trades at TWD 31.55 versus a fair value of TWD 5.50 (-83%), while Delta Electronics trades at TWD 1,745 versus TWD 512 (-71%).

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.