STOCK COMPARISON
Ncab vs Delta Electronics: Fair Value & Quality
Both stocks run through our valuation models. Here is how Ncab (NCAB) and Delta Electronics (2308) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees Ncab as the less overvalued of the two: Ncab trades at SEK 71.70 versus a fair value of SEK 22.04 (-69%), while Delta Electronics trades at TWD 1,650 versus TWD 438 (-73%).
Ncab
NCAB.ST · SEK · Information Technology
-69%
upside to fair value
overvalued
PriceSEK 71.70
Fair ValueSEK 22.04
Quality58/100
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).
NcabDelta Electronics
Valuation
62.4×P/E (TTM)81.3×
3.69×P/S (TTM)8.20×
9.89×P/B18.22×
34.6×EV/EBITDA37.9×
1.79×PEG1.68×
1.5%Dividend yield0.6%
SEK 1.10Dividend per shareTWD 11.60
Profitability
6%Net margin12%
10%Operating margin18%
16%Return on equity24%
6%Return on assets10%
Growth
12%Revenue growth (YoY)34%
-5.7%Avg. growth/yr (3Y)13.0%
12.1%Avg. growth/yr (5Y)14.4%
Balance & size
0.76×Debt / equity0.21×
$2BMarket cap$152B
healthyGrowth qualityhealthy
Delta Electronics leads: 5 to 9 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.
Ncabof which business quality 57 · market factors 65
Delta Electronicsof which business quality 60 · market factors 58
ProfitabilityMargins and returns on capital today
46
65
Quality GrowthAre margins and returns improving?
28
77
CashflowEarnings quality: real cash, not paper profit
59
52
Fin. StrengthBalance sheet, leverage, solvency risk
57
85
InvestmentDisciplined investing over empire-building
81
43
Low VolatilityCalm price path (market factor)
44
18
MomentumPrice trend over the last 3–12 months (market factor)
75
72
52W MomentumDistance to the 52-week high (market factor)
73
78
Net IssuanceBuybacks instead of dilution
82
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.
Ncab
DCF ModelsSEK 24.21
Earnings-BasedSEK 10.39
Dividend DiscountSEK 0.01
MultiplesSEK 20.39
Asset-BasedSEK 5.16
Growth DCFSEK 24.09
Economic ProfitSEK 12.04
Growth EarningsSEK 17.13
26 of 26 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.
Ncab
Bear SEK 12.38Fair Value SEK 22.04Bull SEK 27.54
SEK 71.70 = current price (white tick)
Delta Electronics
Bear TWD 270Fair Value TWD 438Bull TWD 556
TWD 1,650 = current price (white tick)
Compare two other stocks
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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.
Ncab · Information Technology
Quality score58 · above median
Fair value upside-69% · 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 Ncab as the less overvalued of the two: Ncab trades at SEK 71.70 versus a fair value of SEK 22.04 (-69%), 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 →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
