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Delta Electronics, Inc. 2308.TW

TW · Taiwan Stock Exchange · XTAI · stock · Technology · website

Delta Electronics, Inc. statistics & valuation

Market capNT$4.90T
P / E81.5×
P / S8.8×
P / B18.3×
P / FCF95.4×
Net margin10.8%
FCF margin9.2%
Net cashNT$74.6B
Enterprise value USD$150.9B
Earnings yield EBIT/EV1.7%
Return on capital19.6%
Graham number -87.7%NT$231.50

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (NT$231.50); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.50% 8.30% 8.40% 10.80% 2022202320242025
Gross margin (%)
28.80% 29.20% 32.40% 34.30% 2022202320242025
Operating margin (%)
10.80% 10.20% 11.30% 15.20% 2022202320242025
Return on equity (%)
17.50% 16.80% 15.30% 22.40% 2022202320242025
Shares outstanding
2.60B 2.60B 2.60B 2.60B 2022202320242025
Net debt (NT$)
-NT$12.79B -NT$27.60B -NT$50.81B -NT$74.65B 2022202320242025
Share buybacks (NT$)
2022202320242025
Return on assets (%)
7.70% 7.30% 6.60% 9.40% 2022202320242025
Free cash flow margin (%)
6.30% 10.70% 9.00% 9.20% 2022202320242025
Debt / equity (×)
0.26× 0.30× 0.29× 0.29× 2022202320242025
EPS (NT$)
NT$12.52 NT$12.80 NT$13.51 NT$23.08 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Delta Electronics, Inc. trades at about 81.7× earnings — above its 10-year norm (10-year range 21.9×–52.9×, median 32.4×).

21.9× 81.7×

Shaded band = 10-year range (21.9×–52.9×); dot = today's 81.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin34.3%32.4%29.2%28.8%
Operating margin15.2%11.3%10.2%10.8%
Net margin10.8%8.4%8.3%8.5%
FCF margin9.2%9.0%10.7%6.3%
Return on assets9.4%6.6%7.3%7.7%
Return on equity22.4%15.3%16.8%17.5%
Debt / equity0.21×0.24×0.26×0.24×
Current ratio1.892.042.061.92

Computed from company filings · TW · as of 2025-12-31. Figures in TWD. Facts plus Stocktoria's own computed scores — not investment advice.