Company Valuation: Delta Electronics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 714,324 744,196 814,330 1,118,242 2,501,434 4,259,971 - -
Change - 4.18% 9.42% 37.32% 123.69% 70.3% - -
Enterprise Value (EV) 1 711,695 729,063 784,169 1,061,228 2,424,290 4,164,669 4,113,536 4,027,391
Change - 2.44% 7.56% 35.33% 128.44% 71.79% -1.23% -2.09%
P/E 26.8x 22.9x 24.4x 31.7x 41.7x 40x 25.5x 17.6x
PBR 4.61x 3.98x 4.09x 4.86x 9.33x 12.3x 9.2x 6.84x
PEG - 1x 8.98x 5.82x 0.6x 0.5x 0.4x 0.4x
Capitalization / Revenue 2.27x 1.94x 2.03x 2.66x 4.51x 5.48x 3.89x 2.81x
EV / Revenue 2.26x 1.9x 1.95x 2.52x 4.37x 5.35x 3.76x 2.66x
EV / EBITDA 14.7x 12.1x 12.5x 14.6x 21.7x 24.2x 15.5x 10.1x
EV / EBIT 22.7x 17.6x 19.1x 22.3x 28.9x 29.5x 18x 11.4x
EV / FCF 134x 29.5x 18.1x 26.9x 46.2x 159x 63.2x 25.4x
FCF Yield 0.74% 3.39% 5.52% 3.72% 2.17% 0.63% 1.58% 3.94%
Dividend per Share 2 5.5 9.84 6.43 7 11.6 17.23 30 45.47
Rate of return 2% 3.43% 2.05% 1.63% 1.2% 1.05% 1.83% 2.77%
EPS 2 10.27 12.52 12.86 13.56 23.08 41.04 64.35 92.99
Distribution rate 53.6% 78.6% 50% 51.6% 50.3% 42% 46.6% 48.9%
Net sales 1 314,671 384,443 401,227 421,148 554,885 777,963 1,095,128 1,514,159
EBITDA 1 48,516 60,375 62,540 72,668 111,771 171,947 265,242 396,911
EBIT 1 31,365 41,439 40,950 47,652 83,932 141,280 228,647 352,831
Net income 1 26,796 32,666 33,393 35,229 60,108 106,387 168,187 239,516
Net Debt 1 -2,630 -15,133 -30,161 -57,015 -77,144 -95,302 -146,435 -232,580
Reference price 2 275.00 286.50 313.50 430.50 963.00 1,640.00 1,640.00 1,640.00
Nbr of stocks (in thousands) 2,597,543 2,597,543 2,597,543 2,597,543 2,597,543 2,597,543 - -
Announcement Date 2/25/22 A 2/23/23 A 3/1/24 A 2/26/25 A 2/26/26 A - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
39.96x5.35x24.22x1.05% 132B
19.1x2.53x11.32x2.68% 274B
26.68x3.09x16.88x1.99% 250B
30.61x3.94x18.19x1.59% 187B
36.1x5.5x23.71x1.03% 161B
96.96x12.51x69.77x0.32% 104B
40.59x6.58x26.51x0.1% 93B
30.83x5.01x17.47x1.48% 83.91B
33.37x6.96x21.7x0.56% 55.4B
38.67x6.28x25.91x1.18% 53.42B
Average 39.28x 5.78x 25.57x 1.2% 139.33B
Weighted average by Cap. 35.20x 4.91x 22.60x 1.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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