Delta Electronics (Thailand) Public Company Limited (TDED) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Delta Electronics (Thailand) Public Company Limited S$1.98, price S$10.17, upside -80.5%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
30‑month range 2.22 SGD – 14.28 SGD · fair‑value band 1.14 SGD – 2.76 SGD · the 10.17 SGD price screens above the 1.98 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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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.
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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.
Stock analysis
Delta Electronics (Thailand) Public Company Limited (TDED) currently trades at 10.17 SGD, while our model-based Fair Value estimate is 1.98 SGD, 80.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 2.39 SGD per share, and 0 of the 24 models we run sit above the 10.17 SGD price.
Bear case: the Asset-Based group reads lowest at 0.2000 SGD, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.14 SGD (bear) to 2.76 SGD (bull), the price of 10.17 SGD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap 155B SGD (≈ $121B) · P/E ratio 113.0 · P/S ratio 14.2 · EPS (TTM) 0.0900 SGD · Dividend yield 5.9% · Net margin 12.5% · Return on equity 29.6% · Return on assets (EBIT) 14.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 56% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −81%, TDED screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.2000 SGD to 3.57 SGD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 1.14 SGDFair Value 1.98 SGDBull 2.76 SGD
Price 10.17 SGD · Upside -80.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘ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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF0.6900 SGD1.11 SGD2.34 SGD72
EPV0.6700 SGD0.7800 SGD0.8700 SGD71
Growth DCF0.6600 SGD1.23 SGD2.33 SGD71
All 24 models by family
DCF Models
FCF DCF0.6900 SGD1.11 SGD2.34 SGD72
Owner Earnings0.9200 SGD2.02 SGD4.32 SGD67
5Y Revenue Exit0.8000 SGD1.49 SGD2.86 SGD66
5Y EBITDA Exit1.26 SGD2.47 SGD4.72 SGD68
5Y P/E Exit1.36 SGD2.96 SGD5.06 SGD65
10Y Revenue Exit0.7400 SGD1.57 SGD2.56 SGD62
10Y EBITDA Exit1.09 SGD2.44 SGD4.98 SGD61
10Y P/E Exit1.16 SGD2.63 SGD5.23 SGD57
Earnings-Based
Graham-Dodd0.5100 SGD3.57 SGD5.01 SGD60
Lynch FV1.08 SGD1.54 SGD2.00 SGD58
PEG = 1.01.08 SGD1.54 SGD2.00 SGD55
EPV0.6700 SGD0.7800 SGD0.8700 SGD71
Multiples
P/E Multiple1.58 SGD2.11 SGD2.63 SGD63
P/S Multiple0.9600 SGD1.28 SGD1.60 SGD58
P/B Multiple0.9600 SGD1.28 SGD1.60 SGD55
EV/EBIT1.53 SGD2.02 SGD2.51 SGD66
EV/EBITDA1.50 SGD1.98 SGD2.46 SGD67
EV/Revenue0.8000 SGD1.12 SGD1.44 SGD54
Asset-Based
NCAV (Graham)0.1500 SGD0.2000 SGD0.2900 SGD54
Growth DCF
Growth DCF0.6600 SGD1.23 SGD2.33 SGD71
Rev-Margin DCF0.8000 SGD1.59 SGD2.77 SGD67
Economic Profit
Residual Income0.4900 SGD0.7000 SGD1.46 SGD67
ROIC Compounder0.8200 SGD1.16 SGD1.62 SGD68
Growth Earnings
Growth-Adj P/E1.67 SGD2.39 SGD3.10 SGD65
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+20.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+18.7%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+35.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.9%
Dividend (yield on the price)5.9%
Profit margin 2021 to 2025 ⓘ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.7% → 14%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+56.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+25.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in THB, Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +54.1% a year for the price and +24.1% for the forecasts.
Compare Delta Electronics (Thailand) Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electrical Equipment & Parts · 544 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−85.6% · Bottom 25%
Profitability
Return on equity (TTM)29.6% · Top 25%
Return on assets12.5% · Top 25%
Net margin (TTM)13.1% · Top 25%
Operating margin (TTM)16.1% · Top 25%
Growth and dividend
Revenue growth44.2% · Top 25%
Dividend yield (TTM)5.9% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)113.0× · Priciest 25%
P/B41.85× · Priciest 25%
P/S (TTM)18.65× · Priciest 25%
P/FCF309.3× · Priciest 25%
PEG3.03× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)100· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)100· sector 23
VALUE 0: the price sits above our fair-value range.
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/TDED
Frequently asked questions
Is Delta Electronics (Thailand) Public Company Limited (TDED) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of 1.98 SGD versus a price of 10.17 SGD, about −81% upside (overvalued).
What is the fair value of TDED?
Our model-based fair value for Delta Electronics (Thailand) Public Company Limited is 1.98 SGD (as of Sep 29, 2026), built from audited fundamentals. The current price: 10.17 SGD.
What is the quality score of TDED?
Delta Electronics (Thailand) Public Company Limited has a Quality Score of 65/100. 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 (TDED)?
Our model-based price target is the fair value of 1.98 SGD (as of Sep 29, 2026) from 24 valuation models. Cautious scenario 1.14 SGD, optimistic scenario 2.76 SGD. 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 1.98 SGD, about −81% upside versus a price of 10.17 SGD (overvalued). Cautious scenario 1.14 SGD, optimistic scenario 2.76 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of Delta Electronics (Thailand) Public Company Limited (TDED)?
Delta Electronics (Thailand) Public Company Limited reported trailing-twelve-month revenue of about 217B THB (latest available figure, as of Sep 29, 2026).
Does Delta Electronics (Thailand) Public Company Limited pay a dividend?
Delta Electronics (Thailand) Public Company Limited currently shows a dividend yield of about 5.90% relative to its recent price (as of Sep 29, 2026).
What growth is priced into Delta Electronics (Thailand) Public Company Limited (TDED)?
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 +56.0 % per year for five years (discount rate 8.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +23.8 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of TDED use?
Our models discount Delta Electronics (Thailand) Public Company Limited at 8.4 %: a base by market capitalisation (large), damped by beta 0.73, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Delta Electronics (Thailand) Public Company Limited that is +56.0 % per year a year over ten years, using the same discount rate (8.4 %) and the same formula as our fair value.
How much growth has Delta Electronics (Thailand) Public Company Limited (TDED) delivered so far?
Over the past 4 years revenue at Delta Electronics (Thailand) Public Company Limited grew +23.8 % a year. The price currently implies +56.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Delta Electronics (Thailand) Public Company Limited (TDED) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into Delta Electronics (Thailand) Public Company Limited (+56.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Delta Electronics (Thailand) Public Company Limited (TDED)?
The free-cash-flow yield on the price is 0.39 %: that much free cash flow Delta Electronics (Thailand) Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (8.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Delta Electronics (Thailand) Public Company Limited (TDED)?
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 1.98 SGD per share (as of Sep 29, 2026), against a price of 10.17 SGD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Delta Electronics (Thailand) Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 29, 2026, TDED trades above its calculated fair value: price 10.17 SGD, fair value 1.98 SGD, a gap of about −81% (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 TDED?
No. The price is what the market pays today (10.17 SGD); the fair value is what the company's own numbers justify (1.98 SGD). For Delta Electronics (Thailand) Public Company Limited the two are 8.19 SGD 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 155B SGD (market capitalisation, as of Sep 29, 2026). Per share that is 10.17 SGD; our models calculate a fair value of 1.98 SGD per share.
What do the bullish and bearish scenarios say about TDED?
Our models span a range for Delta Electronics (Thailand) Public Company Limited: cautious scenario 1.14 SGD, base 1.98 SGD, optimistic 2.76 SGD per share (as of Sep 29, 2026, price 10.17 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TDED?
Delta Electronics (Thailand) Public Company Limited trades at a price-to-earnings ratio of 113.0 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.98 SGD is built from several models across several years. Other multiples: PEG 3.0, P/B 41.9, P/S 18.7.
What is the PEG ratio of TDED?
The PEG ratio of Delta Electronics (Thailand) Public Company Limited is 3.03 (P/E divided by earnings growth, as of Sep 29, 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 (TDED)?
Balance-sheet figures for Delta Electronics (Thailand) Public Company Limited (as of Sep 29, 2026): return on equity 29.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is TDED from its 52-week high?
Delta Electronics (Thailand) Public Company Limited trades at 10.17 SGD, about 29% below its 52-week high of 14.28 SGD and 56% above the low of 6.54 SGD (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 1.98 SGD 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 29, 2026: price 10.17 SGD, calculated fair value 1.98 SGD (−81%), Quality Score 65/100, from 24 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 TDED calculated?
We run Delta Electronics (Thailand) Public Company Limited through 24 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 1.98 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Delta Electronics (Thailand) Public Company Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Delta Electronics (Thailand) Public Company Limited (TDED)?
The closing price on Oct 8, 2026 was 10.17 SGD. Our model-based fair value is 1.98 SGD, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Delta Electronics (Thailand) Public Company Limited right now?
The price sits above even our optimistic bull case (2.76 SGD). The favourable scenario is already priced in. 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 (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (1.14 SGD to 2.76 SGD) leaves room in how you read the outcome.
Key figures of Delta Electronics (Thailand) Public Company Limited
How large is the market capitalisation of Delta Electronics (Thailand) Public Company Limited (TDED)?
The market capitalisation of Delta Electronics (Thailand) Public Company Limited is 155B SGD (≈ $121B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Delta Electronics (Thailand) Public Company Limited (TDED)?
The price-to-sales ratio of Delta Electronics (Thailand) Public Company Limited is 14.2 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Delta Electronics (Thailand) Public Company Limited (TDED)?
Earnings per share at Delta Electronics (Thailand) Public Company Limited are 0.0900 SGD (price ÷ EPS = P/E 113.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Delta Electronics (Thailand) Public Company Limited (TDED)?
The dividend yield of Delta Electronics (Thailand) Public Company Limited is 5.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Delta Electronics (Thailand) Public Company Limited (TDED)?
The net margin of Delta Electronics (Thailand) Public Company Limited is 12.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Delta Electronics (Thailand) Public Company Limited (TDED)?
The return on equity (ROE) of Delta Electronics (Thailand) Public Company Limited is 29.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Delta Electronics (Thailand) Public Company Limited (TDED)?
On an EBIT basis the return on assets of Delta Electronics (Thailand) Public Company Limited is 14.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Delta Electronics (Thailand) Public Company Limited (TDED)?
The operating margin of Delta Electronics (Thailand) Public Company Limited is 16.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Delta Electronics (Thailand) Public Company Limited (TDED)?
Revenue at Delta Electronics (Thailand) Public Company Limited is growing +44.2% versus a year earlier (3y avg +18.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Delta Electronics (Thailand) Public Company Limited (TDED)?
Earnings per share at Delta Electronics (Thailand) Public Company Limited are growing +65.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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