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Electronic Technology

Delta Electronics (Thailand) Public Co. Ltd.

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, Infrastructure, Automation 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 Infrastructure segment designs, manufactures, and installations of information and communication technology infrastructure and energy system infrastructure. The Automation segment designs, manufactures, and installations of industrial and building automation. 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 founded on June 16, 1988 and is headquartered in Amphur Muangsamutprakarn, Thailand.

Financial Highlights

Dec 2021 THBUSD
Revenue84,318.36M2,633.61M
Gross Profit16,819.45M525.34M
Operating income5,923.17M185.00M
Income before tax6,801.04M212.42M
Net income6,699.00M209.23M
EBITDA8,420.17M262.99M
Diluted EPS5.370.16
Dividends Per Share1.700.05
Total Assets69,338.37M2,075.68M
Total liabilities27,934.07M836.22M
Total equity41,404.30M1,239.46M
Operating cash flow1,782.20M55.66M
Currency in THBCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 49,224.00M 53,066.64M 52,046.70M 63,208.01M 84,318.36M
Gross Profit 12,301.73M 11,901.67M 10,310.74M 14,721.87M 16,819.45M
Operating income 5,579.00M 4,752.32M 2,321.72M 6,356.43M 5,923.17M
Income before tax 6,405.01M 5,282.27M 2,971.82M 7,198.59M 6,801.04M
Net income 4,930.97M 5,137.02M 2,959.96M 7,101.63M 6,699.00M
EBITDA 6,693.00M 6,075.32M 4,047.72M 8,553.43M 8,420.17M
Diluted EPS 3.95 4.11 2.37 5.69 5.37
Dividends Per Share 2.20 2.30 1.80 3.30 1.70
Total Assets 46,017.62M 48,200.69M 46,255.35M 57,218.92M 69,338.37M
Total liabilities 13,543.90M 14,259.77M 13,073.19M 19,611.49M 27,934.07M
Total equity 32,458.67M 33,936.50M 33,186.04M 37,611.73M 41,404.30M
Operating cash flow 4,475.36M 4,319.64M 5,236.22M 7,233.09M 1,782.20M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,450.60M 1,641.54M 1,676.50M 2,019.73M 2,633.61M
Gross Profit 362.52M 368.16M 332.12M 470.42M 525.34M
Operating income 164.40M 147.00M 74.78M 203.11M 185.00M
Income before tax 188.75M 163.40M 95.72M 230.02M 212.42M
Net income 145.31M 158.90M 95.34M 226.92M 209.23M
EBITDA 197.23M 187.93M 130.38M 273.31M 262.99M
Diluted EPS 0.11 0.12 0.07 0.18 0.16
Dividends Per Share 0.06 0.07 0.05 0.10 0.05
Total Assets 1,412.01M 1,480.36M 1,544.22M 1,909.84M 2,075.68M
Total liabilities 415.58M 437.95M 436.44M 654.58M 836.22M
Total equity 995.97M 1,042.27M 1,107.90M 1,255.39M 1,239.46M
Operating cash flow 131.88M 133.62M 168.66M 231.12M 55.66M

Valuation Measures

Dec 2021
PER76.69
ROA10.58%
ROE16.95%
Operating margin7.02%
Profit margin7.94%

Key executives

  • President & Director: Tsai-hsing Chang
  • Vice President-Operations: Vichai Saksuriya
  • Chief Financial Officer: Nipaporn Jiarajareevong
  • Chief Information Officer: Chin Ming Chen
  • Executive Director, Director-HR & Administration: Anusorn Muttaraid

Shareholders

  • Delta Electronics, Inc. (63.7%)
  • Krungsri Asset Management Co., Ltd. (0.1%)
  • Norges Bank Investment Management (0.0%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.0%)
  • Sjunde AP-fonden (0.0%)
  • The Caisse de depot et placement du Quebec (0.0%)
  • BlackRock Advisors (UK) Ltd. (0.0%)
  • Irish Life Investment Managers Ltd. (0.0%)
  • abrdn Investment Management Ltd. (0.0%)
  • BC Investment Management Corp. (0.0%)

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 Electronics India Manufacturing Pvt Ltd.
  • Delta Electronics India Pvt Ltd.
  • Delta Greentech (Netherlands) Cooperatie UA
  • Delta Greentech International Holding Ltd.
  • Delta Power Solutions India Pvt Ltd.
  • DET International Holding Ltd.
  • Ascom Holding AG /Energy Systems Business Unit/

Competitors

  • Bel Fuse Inc. Class B
Last Updated on 4 Oct, 2022

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