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Electronic Technology

Delta Electronics (Thailand) Public Co. Ltd.

  • 70.50 THB
  • +0.50
  • +0.71%
  • Thailand
    Dec 12, 2018
  • Ticker
    BKK(DELTA)
  • Prev. close
    70.00
  • Market cap (THB)
    87,316.71M
  • Market cap (USD)
    2,663.31M
  • Shares
    1,247.38M

Company Background

Delta Electronics (Thailand) is the Thai arm of Taiwanese electronic components maker Delta group, founded by billionaire Bruce Cheng. Its plants in Thailand, India and Slovakia manufacture electronic parts and power supplies.

It was established in 1988 to serve as a cost-effective production base for Delta group, but has since expanded with R&D centers in several countries including Thailand, Germany and India.

In 2003, the company bought out Swiss-based telecommunications company Ascom Holding's energy systems business, to expand its product portfolio and establish a foothold in Europe.

Kong Meng Ng, the company's chairman since 1990, also served as president until 2006. From 2000 until 2004, he was president of Delta Electronics in Taiwan.

The day-to-day operations are managed by President Hsieh Shen-Yen.

Investment company Deltron Holdings is the largest shareholder in Delta Electronics (Thailand) with about a 27% stake.

Business Summary

Delta Electronics (Thailand) Public Co. Ltd. engages in the manufacture and export of power supplies and other electronic equipment. It operates through the following segments: Power Electronics. Energy Management, Smart Green Life, and Others. The Power Electronics segment designs, manufactures, and sells power supplies applied to computer, server, office automation equipment, household electric appliances, and automotive electronic products. The Energy Management segment offers telecom power system; industrial power system; uninterruptible power supplies (UPS), photovoltaic inverter (PIV), and industrial automation products. The Smart Green Life segment comprises of light-emitting diode lighting product and display solutions. The Others segment includes other activities. Its products include adapter, direct current-alternate current converter, power supplies, telecom power solutions, and cooling fans. The company was established on June 16, 1988 and is headquartered in Amphur Muangsamutprakarn, Thailand.

Financial Highlights

Dec 2017 THBUSD
Revenue49,269.27M1,451.93M
Gross Profit12,301.73M362.52M
Operating income5,571.00M164.17M
Income before tax6,405.01M188.75M
Net income4,930.97M145.31M
EBITDA6,685.00M197.00M
Diluted EPS3.950.11
Dividends Per Share2.200.06
Total Assets46,154.16M1,416.20M
Total liabilities13,680.44M419.77M
Total equity32,458.67M995.97M
Operating cash flow4,475.36M131.88M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 41,201M 44,071M 46,938M 46,887M 49,269.27M
Gross Profit 10,565M 11,550M 12,612M 12,185M 12,301.73M
Operating income 4,394M 5,406M 6,211M 5,103M 5,571.00M
Income before tax 5,483M 6,026M 6,989M 5,686M 6,405.01M
Net income 5,416M 5,943M 6,714M 5,516M 4,930.97M
EBITDA 5,312M 6,286M 7,089M 6,032M 6,685.00M
Diluted EPS 4.34 4.76 5.38 4.42 3.95
Dividends Per Share 2.70 3 3.10 3 2.20
Total Assets 36,865M 38,242M 43,602M 46,319M 46,154.16M
Total liabilities 11,539M 11,076M 13,044M 14,428M 13,680.44M
Total equity 25,326M 27,166M 30,558M 31,891M 32,458.67M
Operating cash flow 4,962M 7,163M 7,014M 5,329M 4,475.36M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,340.77M 1,356.71M 1,369.54M 1,328.97M 1,451.93M
Gross Profit 343.80M 355.56M 367.99M 345.37M 362.52M
Operating income 142.99M 166.42M 181.22M 144.64M 164.17M
Income before tax 178.42M 185.50M 203.92M 161.16M 188.75M
Net income 176.24M 182.95M 195.89M 156.34M 145.31M
EBITDA 172.86M 193.51M 206.84M 170.97M 197.00M
Diluted EPS 0.14 0.14 0.15 0.12 0.11
Dividends Per Share 0.08 0.09 0.09 0.08 0.06
Total Assets 1,121.88M 1,162.37M 1,211.67M 1,293.44M 1,416.20M
Total liabilities 351.15M 336.65M 362.48M 402.89M 419.77M
Total equity 770.72M 825.71M 849.18M 890.54M 995.97M
Operating cash flow 161.47M 220.51M 204.65M 151.04M 131.88M

Valuation Measures

Dec 2017
PER18.54
ROA10.66%
ROE15.32%
Operating margin11.30%
Profit margin10.00%

Key executives

  • President & Executive Director: Shen Yen Hsieh
  • Vice President-Operations: Vichai Saksuriya
  • Chief Financial Officer: Aruwan Sangrungarun
  • Chief Information Officer: Chin Ming Chen
  • Executive Director, Director-HR & Administration: Anusorn Muttaraid

Shareholders

  • Avnet, Inc. (27.6%)
  • Delta Electronics, Inc. (20.9%)
  • The Vanguard Group, Inc. (1.1%)
  • First State Investments (Hong Kong) Ltd. (0.8%)
  • Aviva Investors Global Services Ltd. (0.7%)
  • RBC Global Asset Management (UK) Ltd. (0.3%)
  • First State Investments (Singapore) (0.3%)
  • Dimensional Fund Advisors LP (0.2%)
  • First State Investment Management (UK) Ltd. (0.2%)
  • BNY Mellon Asset Management North America Corp. (0.2%)

Contact Details

  • Website:http://www.deltathailand.com
  • Address: 909 Soi 9, Moo 4, E. P. Z, Bangpoo Industrial Estate, Amphur Muangsamutprakarn, 10280, Thailand
  • Phone: +66.2.709.2800

Related Companies

  • Delta Greentech (Brasil) SA
  • Delta Greentech Electronics Industry LLC
  • Delta Electronics (Thailand) Public Co. Ltd. /Sub (4)/
  • Delta Greentech (Netherlands) Cooperatie UA
  • Delta Greentech International Holding Ltd.
  • Delta Power Solutions India Pvt Ltd.
  • Delta Energy Systems (Switzerland) AG
  • DET International Holding Ltd.
  • Ascom Holding AG /Energy Systems Business Unit/

Competitors

  • Bel Fuse Inc. Class B
Last Updated on 12 Dec, 2018

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