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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 2020 THBUSD
Revenue63,208.01M2,019.73M
Gross Profit14,721.87M470.42M
Operating income6,356.43M203.11M
Income before tax7,198.59M230.02M
Net income7,101.63M226.92M
EBITDA8,553.43M273.31M
Diluted EPS5.690.18
Dividends Per Share3.300.10
Total Assets57,218.92M1,909.84M
Total liabilities19,611.49M654.58M
Total equity37,611.73M1,255.39M
Operating cash flow7,233.09M231.12M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 46,887M 49,224.00M 53,066.64M 52,046.70M 63,208.01M
Gross Profit 12,185M 12,301.73M 11,901.67M 10,310.74M 14,721.87M
Operating income 5,103M 5,579.00M 4,752.32M 2,321.72M 6,356.43M
Income before tax 5,686M 6,405.01M 5,282.27M 2,971.82M 7,198.59M
Net income 5,516M 4,930.97M 5,137.02M 2,959.96M 7,101.63M
EBITDA 6,032M 6,693.00M 6,075.32M 4,047.72M 8,553.43M
Diluted EPS 4.42 3.95 4.11 2.37 5.69
Dividends Per Share 3 2.20 2.30 1.80 3.30
Total Assets 46,319M 46,017.62M 48,200.69M 46,255.35M 57,218.92M
Total liabilities 14,428M 13,543.90M 14,259.77M 13,073.19M 19,611.49M
Total equity 31,891M 32,458.67M 33,936.50M 33,186.04M 37,611.73M
Operating cash flow 5,329M 4,475.36M 4,319.64M 5,236.22M 7,233.09M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,328.97M 1,450.60M 1,641.54M 1,676.50M 2,019.73M
Gross Profit 345.37M 362.52M 368.16M 332.12M 470.42M
Operating income 144.64M 164.40M 147.00M 74.78M 203.11M
Income before tax 161.16M 188.75M 163.40M 95.72M 230.02M
Net income 156.34M 145.31M 158.90M 95.34M 226.92M
EBITDA 170.97M 197.23M 187.93M 130.38M 273.31M
Diluted EPS 0.12 0.11 0.12 0.07 0.18
Dividends Per Share 0.08 0.06 0.07 0.05 0.10
Total Assets 1,293.44M 1,412.01M 1,480.36M 1,544.22M 1,909.84M
Total liabilities 402.89M 415.58M 437.95M 436.44M 654.58M
Total equity 890.54M 995.97M 1,042.27M 1,107.90M 1,255.39M
Operating cash flow 151.04M 131.88M 133.62M 168.66M 231.12M

Valuation Measures

Dec 2020
PER85.36
ROA13.72%
ROE20.06%
Operating margin10.05%
Profit margin11.23%

Key executives

  • President & Director: Tsai-hsing Chang
  • 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%)
  • Jennison Associates LLC (0.0%)
  • Sjunde AP-fonden (0.0%)
  • The Caisse de depot et placement du Quebec (0.0%)
  • Grantham, Mayo, Van Otterloo & Co. LLC (0.0%)
  • TMB Asset Management Co., Ltd. (0.0%)
  • Victory Capital Management, Inc. (Investment Management) (0.0%)
  • Northern Trust Investments, Inc.(Investment Management) (0.0%)
  • Finanduero Sociedad de Valores SA (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 12 May, 2021

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