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STOCK COMPARISON

Jiaxing ZMAX Optech Co. Ltd. A vs Delta Electronics: Fair Value & Quality

Both stocks run through our valuation models. Here is how Jiaxing ZMAX Optech Co. Ltd. A (688307) and Delta Electronics (2308) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Delta Electronics as the less overvalued of the two: Jiaxing ZMAX Optech Co. Ltd. A trades at ¥46.50 versus a fair value of ¥9.22 (-80%), while Delta Electronics trades at TWD 1,650 versus TWD 438 (-73%).
Jiaxing ZMAX Optech Co. Ltd. A
688307.SHG · CNY · Information Technology
-80%
upside to fair value
overvalued
Price¥46.50
Fair Value¥9.22
Quality39/100
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).

Jiaxing ZMAX Optech Co. Ltd. ADelta Electronics
Valuation
121.7×P/E (TTM)81.3×
11.12×P/S (TTM)8.20×
9.04×P/B18.22×
87.4×EV/EBITDA37.9×
PEG1.68×
0.8%Dividend yield0.6%
¥0.50Dividend per shareTWD 11.60
Profitability
9%Net margin12%
9%Operating margin18%
8%Return on equity24%
3%Return on assets10%
Growth
68%Revenue growth (YoY)34%
17.7%Avg. growth/yr (3Y)13.0%
Avg. growth/yr (5Y)14.4%
Balance & size
0.14×Debt / equity0.21×
$1BMarket cap$152B
expensiveGrowth qualityhealthy

Delta Electronics leads: 5 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.

Jiaxing ZMAX Optech Co. Ltd. Aof which business quality 43 · market factors 64 Delta Electronicsof which business quality 60 · market factors 58
ProfitabilityMargins and returns on capital today
34
65
Quality GrowthAre margins and returns improving?
56
77
CashflowEarnings quality: real cash, not paper profit
20
52
Fin. StrengthBalance sheet, leverage, solvency risk
93
85
InvestmentDisciplined investing over empire-building
0
43
Low VolatilityCalm price path (market factor)
50
18
MomentumPrice trend over the last 3–12 months (market factor)
72
72
52W MomentumDistance to the 52-week high (market factor)
67
78
Net IssuanceBuybacks instead of dilution
36
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.

Jiaxing ZMAX Optech Co. Ltd. A

Earnings-Based¥10.82
Dividend Discount¥5.46
Multiples¥9.55
Asset-Based¥4.87
Economic Profit¥6.32
Growth Earnings¥14.23

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.

Jiaxing ZMAX Optech Co. Ltd. A
Bear ¥6.85Fair Value ¥9.22Bull ¥11.58
¥46.50 = 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.

Jiaxing ZMAX Optech Co. Ltd. A · Information Technology

Quality score39 · bottom 25%
Fair value upside-80% · bottom 25%

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 Delta Electronics as the less overvalued of the two: Jiaxing ZMAX Optech Co. Ltd. A trades at ¥46.50 versus a fair value of ¥9.22 (-80%), 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.