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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 2019 THBUSD
Revenue51,171.61M1,648.31M
Gross Profit10,150.49M326.96M
Operating income2,303.02M74.18M
Income before tax2,945.58M94.88M
Net income2,959.96M95.34M
EBITDA4,025.02M129.65M
Diluted EPS2.370.07
Dividends Per Share1.800.05
Total Assets45,958.28M1,534.30M
Total liabilities12,951.94M432.39M
Total equity33,010.22M1,102.03M
Operating cash flow5,165.62M166.39M
Currency in THBCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 46,938M 46,887M 49,224.00M 53,066.64M 51,171.61M
Gross Profit 12,612M 12,185M 12,301.73M 11,901.67M 10,150.49M
Operating income 6,211M 5,103M 5,579.00M 4,752.32M 2,303.02M
Income before tax 6,989M 5,686M 6,405.01M 5,282.27M 2,945.58M
Net income 6,714M 5,516M 4,930.97M 5,137.02M 2,959.96M
EBITDA 7,089M 6,032M 6,693.00M 6,075.32M 4,025.02M
Diluted EPS 5.38 4.42 3.95 4.11 2.37
Dividends Per Share 3.10 3 2.20 2.30 1.80
Total Assets 43,602M 46,319M 46,017.62M 48,200.69M 45,958.28M
Total liabilities 13,044M 14,428M 13,543.90M 14,259.77M 12,951.94M
Total equity 30,558M 31,891M 32,458.67M 33,936.50M 33,010.22M
Operating cash flow 7,014M 5,329M 4,475.36M 4,319.64M 5,165.62M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 1,369.54M 1,328.97M 1,450.60M 1,641.54M 1,648.31M
Gross Profit 367.99M 345.37M 362.52M 368.16M 326.96M
Operating income 181.22M 144.64M 164.40M 147.00M 74.18M
Income before tax 203.92M 161.16M 188.75M 163.40M 94.88M
Net income 195.89M 156.34M 145.31M 158.90M 95.34M
EBITDA 206.84M 170.97M 197.23M 187.93M 129.65M
Diluted EPS 0.15 0.12 0.11 0.12 0.07
Dividends Per Share 0.09 0.08 0.06 0.07 0.05
Total Assets 1,211.67M 1,293.44M 1,412.01M 1,480.36M 1,534.30M
Total liabilities 362.48M 402.89M 415.58M 437.95M 432.39M
Total equity 849.18M 890.54M 995.97M 1,042.27M 1,102.03M
Operating cash flow 204.65M 151.04M 131.88M 133.62M 166.39M

Valuation Measures

Dec 2019
PER22.54
ROA6.28%
ROE8.84%
Operating margin4.50%
Profit margin5.78%

Key executives

  • President: 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

  • Delta Electronics, Inc. (63.7%)
  • Norges Bank Investment Management (0.2%)
  • The Vanguard Group, Inc. (0.0%)
  • The Caisse de depot et placement du Quebec (0.0%)
  • BC Investment Management Corp. (0.0%)
  • TMB Asset Management Co., Ltd. (0.0%)
  • HSBC Global Asset Management (Hong Kong) Ltd. (0.0%)
  • Finanduero Sociedad de Valores SA (0.0%)
  • Dimensional Fund Advisors LP (0.0%)
  • SAKSURIYA VICHAI (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 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 20 Oct, 2020

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