Delta Electronics (Thailand) Public Company Limited (DELTA) fair value: what the stock is really worth
We calculate from audited financials what Delta Electronics (Thailand) Public Company Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
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DEDelta Electronics (Thailand) Public Company LimitedDELTA · BK
Price275.00 THB
Fair Value40.28 THB
Upside−85.4% ⚠
Quality63/100
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
A solid business, but trading 583% above our fair value of 40.28 THB.
As of Sep 8, 2026, the fair value of Delta Electronics (Thailand) Public Company Limited is 40.28 THB per share against a price of 275.00 THB, so the fair value sits 85% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +25.7 %/yr)
✓Solidly profitable · 13.1% net margin
✓Low debt · generates free cash flow
·0.22% dividend yield
!Mixed vs. peers (7/15)
✓Wide moat 71/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 4 out of 100
Evidence: LowRange 22.00 THB to 63.76 THB
Fair value as of: Sep 8, 2026
From 26 valuation models · updated yesterday
Share price +5.0% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (63.76 THB). The favourable scenario is already priced in.
The model range is unusually wide (22.00 THB to 63.76 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution.
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 8, 2026.
How to read this chart
60‑month range 28.39 THB – 364.00 THB · fair‑value band 22.00 THB – 63.76 THB · the 275.00 THB price screens above the 40.28 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 8, 2026.
Delta Electronics (Thailand) Public Company Limited (DELTA) currently trades at 275.00 THB, while our model-based Fair Value estimate is 40.28 THB, implying the stock looks roughly 582.6% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of 41.92 THB per share, and 0 of the 26 models we run sit above the 275.00 THB price. Bear case: the Asset-Based group reads lowest at 5.20 THB, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Delta Electronics (Thailand) Public Company Limited generated revenue of 217B THB at a net margin of 13.1%. Revenue grew 44.2% year over year. It earns a return on equity of 29.6%. The balance sheet holds a net cash position of 18.7B THB. Fundamentals as of Sep 8, 2026
Scenario range: 22.00 THB (bear) to 63.76 THB (bull), the price of 275.00 THB sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 25% below its 52-week high and 200% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −85%, DELTA screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (1.14 THB per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (5.20 THB to 59.07 THB). Read the values as a conservative anchor, not as a price target.
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
Highest evidence
FCF DCF best evidence14.54 THB24.73 THB42.68 THB78
Growth DCF14.58 THB24.34 THB41.53 THB76
Owner Earnings19.75 THB34.02 THB59.16 THB74
All 26 models by family
DCF Models
FCF DCF best evidence14.54 THB24.73 THB42.68 THB78
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Key figures & financial health
P/E ratio121.7
P/S ratio15.2P/E × margin
EPS (TTM)2.26 THBprice ÷ EPS = P/E 121.7
Dividend yield0.2%payout 26.5%
Net margin12.5%FY2025
Return on equity29.6%TTM
More key figures
Profitability
Return on assets (EBIT)15.6%avg 5y
Operating margin16.1%TTM
Growth
Revenue (TTM)217B THBTTM
Revenue growth (YoY)+44.2%3y avg +18.7%
EPS growth (YoY)+65.9%
Balance sheet & cash flow
Free cash flow12.3B THBFY2025
Net cash18.7B THBFY2025
Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality63/100
Of which business quality 64
· Market factors (momentum, volatility) 59
Profitability79
Margins and returns on capital today
Quality Growth59
Are margins and returns improving?
Cashflow37
Earnings quality: real cash, not paper profit
Fin. Strength88
Balance sheet, leverage, solvency risk
Investment24
Disciplined investing over empire-building
Low Volatility47
Calm price path (market factor)
Momentum54
Price trend over the last 3–12 months (market factor)
52W Momentum80
Distance to the 52-week high (market factor)
Net Issuance82
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Delta Electronics (Thailand) Public Company Limited, together with its subsidiaries, researches and develops, manufactures, and distributes electronic products. The company operates through four segments: Power Electronics, Mobility, Infrastructure, and Automation.
Full company description
Delta Electronics (Thailand) Public Company Limited, together with its subsidiaries, researches and develops, manufactures, and distributes electronic products. The company operates through four segments: Power Electronics, Mobility, Infrastructure, and Automation. It offers inductors, RF inductors, transformers, networking products, EMI filters, solenoids, current sensing resistors, and power modules; power and system products, such as USB socket outlets, medical power, industrial power supplies, industrial battery charging, high voltage power, embedded power, and adapters; DC brushless fans and blowers, motors, thermal management products, cabinet thermal solutions, indoor air quality solutions, and automotive fans; EV powertrain systems; and display and visualization, mobile power, industrial power, and medical power products, as well as healthcare devices. The company also provides building automation products comprising building management and control system, LED lighting, smart surveillance, indoor air quality, healthy lighting, and building energy management system products; industrial automation products; data center, telecom power systems, networking systems, and UPS and datacenter infrastructure solutions; EV charging and energy storage systems, renewable energy, industrial battery charging, healthcare devices, industrial equipment, energy IoT, and display and visualization products; and visual display and smart education solutions. In addition, it offers industrial and building automation, data center, telecom energy, smart energy, displays and monitoring, and EV charging solutions. Further, the company rents properties; and manufactures and trades electric vehicle, as well as engages in holding business. It operates in Thailand, the United States, Germany, Singapore, China, India, Taiwan, the Netherlands, Hungary, Malaysia, and internationally. The company was incorporated in 1988 and is based in Samut Prakan, Thailand.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Delta Electronics (Thailand) Public Company Limited reported revenue of 198B THB in FY2025 versus 84.3B THB in FY2021, a compound +23.8%/yr. Reported net income was 24.8B THB in FY2025, compounding +38.7%/yr from FY2021.
Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
198B THB
Latest YoY
+20.3%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.7%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.7%
Avg. revenue growth/yr (25Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.3%
Value creation/yr (5Y, in THB) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+30.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+29.9%
Dividend yield0.2%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 29.9% vs 10Y 15.3%, picking up
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11.2% (2020) → 13.3% (2025) · rising
Worst earnings drop53% (2019) · in THB
Revenue+23.8%/yr
FY2184.3B THB
FY22119B THB
FY23146B THB
FY24165B THB
FY25198B THB
Net income+38.7%/yr
FY216.7B THB
FY2215.3B THB
FY2318.4B THB
FY2418.9B THB
FY2524.8B THB
Character of growth · EPS growth decomposed (2014-2025)+14.6 % p.a.
Revenue per share+15.6 %
of which total revenue +15.6 % · buybacks/dilution +0.0 %
EBIT margin−0.2 %
Tax rate−0.7 %
Residual (interest, one-offs)+0.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Delta Electronics (Thailand) Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/DELTA
Peer Group
Electrical Equipment & Parts · 542 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score63 · Top 25%
Fair Value upside−84% · Bottom 25%
Profitability
Return on equity (TTM)30% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)13% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth44% · Top 25%
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)121.7× · Priciest 25%
P/B38.69× · Priciest 25%
P/S (TTM)17.24× · Priciest 25%
P/FCF9.2× · Pricier than median
EV/EBITDA95.6× · Priciest 25%
PEG2.79× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Delta Electronics (Thailand) Public Company Limited deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+46.6 % per year
Achieved revenue growth, 5 years+25.7 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price0.36 %
Discount rate (WACC) in the models10.3 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 57
PAST100· sector 26
HEALTH100· sector 97
DIVIDEND4· sector 22
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).
Is Delta Electronics (Thailand) Public Company Limited (DELTA) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of 40.28 THB versus a price of 275.00 THB, about −85% upside (overvalued).
What is the fair value of DELTA?
Our model-based fair value for Delta Electronics (Thailand) Public Company Limited is 40.28 THB (as of Sep 8, 2026), built from audited fundamentals. The current price: 275.00 THB.
What is the quality score of DELTA?
Delta Electronics (Thailand) Public Company Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Delta Electronics (Thailand) Public Company Limited (DELTA)?
Our model-based price target is the fair value of 40.28 THB (as of Sep 8, 2026) from 26 valuation models. Cautious scenario 22.00 THB, optimistic scenario 63.76 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Delta Electronics (Thailand) Public Company Limited stock forecast for 2026?
Our models put fair value at 40.28 THB, about −85% upside versus a price of 275.00 THB (overvalued). Cautious scenario 22.00 THB, optimistic scenario 63.76 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Delta Electronics (Thailand) Public Company Limited (DELTA)?
Delta Electronics (Thailand) Public Company Limited reported trailing-twelve-month revenue of about 217B THB (latest available figure, as of Sep 8, 2026).
What is the net profit margin of DELTA?
The net profit margin of Delta Electronics (Thailand) Public Company Limited is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.
Does Delta Electronics (Thailand) Public Company Limited pay a dividend?
Delta Electronics (Thailand) Public Company Limited currently shows a dividend yield of about 0.22% relative to its recent price (as of Sep 8, 2026).
What growth is priced into Delta Electronics (Thailand) Public Company Limited (DELTA)?
For today's price to be fair in a discounted-cash-flow model, Delta Electronics (Thailand) Public Company Limited would have to grow free cash flow by +46.6 % per year for ten years (discount rate 10.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew +25.7 % per year. As of Sep 8, 2026.
What discount rate (WACC) does the fair value of DELTA use?
Our models discount Delta Electronics (Thailand) Public Company Limited at 10.3 %: a base by market capitalisation (large), damped by beta 0.72, country premium for Thailand. The same rate applies in all 26 models.
What is the intrinsic value of Delta Electronics (Thailand) Public Company Limited (DELTA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Delta Electronics (Thailand) Public Company Limited it is 40.28 THB per share (as of Sep 8, 2026), against a price of 275.00 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Delta Electronics (Thailand) Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 8, 2026, DELTA trades above its calculated fair value: price 275.00 THB, fair value 40.28 THB, a gap of about −85% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DELTA?
No. The price is what the market pays today (275.00 THB); the fair value is what the company's own numbers justify (40.28 THB). For Delta Electronics (Thailand) Public Company Limited the two are 234.72 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Delta Electronics (Thailand) Public Company Limited worth?
The market values Delta Electronics (Thailand) Public Company Limited at about 3.7T THB (market capitalisation, as of Sep 8, 2026). Per share that is 275.00 THB; our models calculate a fair value of 40.28 THB per share.
What do the bullish and bearish scenarios say about DELTA?
Our models span a range for Delta Electronics (Thailand) Public Company Limited: cautious scenario 22.00 THB, base 40.28 THB, optimistic 63.76 THB per share (as of Sep 8, 2026, price 275.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DELTA?
Delta Electronics (Thailand) Public Company Limited trades at a price-to-earnings ratio of 121.7 (as of Sep 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 40.28 THB is built from several models across several years. Other multiples: PEG 2.8, P/B 38.7, P/S 17.2, EV/EBITDA 95.6.
What is the PEG ratio of DELTA?
The PEG ratio of Delta Electronics (Thailand) Public Company Limited is 2.79 (P/E divided by earnings growth, as of Sep 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Delta Electronics (Thailand) Public Company Limited (DELTA)?
Balance-sheet figures for Delta Electronics (Thailand) Public Company Limited (as of Sep 8, 2026): return on equity 29.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is DELTA from its 52-week high?
Delta Electronics (Thailand) Public Company Limited trades at 275.00 THB, about 25% below its 52-week high of 365.00 THB and 200% above the low of 91.79 THB (as of Sep 8, 2026). Distance from the high says nothing about value: that is what the fair value of 40.28 THB is for.
Which stocks are comparable to Delta Electronics (Thailand) Public Company Limited?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, LG Energy Solution, Ltd, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Delta Electronics (Thailand) Public Company Limited stock attractive at the current price?
The data as of Sep 8, 2026: price 275.00 THB, calculated fair value 40.28 THB (−85%), Quality Score 63/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DELTA calculated?
We run Delta Electronics (Thailand) Public Company Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 40.28 THB, with the spread shown as a cautious and an optimistic scenario.
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