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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 2018 THBUSD
Revenue53,066.64M1,641.54M
Gross Profit11,901.67M368.16M
Operating income4,752.32M147.00M
Income before tax5,282.27M163.40M
Net income5,137.02M158.90M
EBITDA6,075.32M187.93M
Diluted EPS4.110.12
Dividends Per Share2.300.07
Total Assets48,200.69M1,480.36M
Total liabilities14,259.77M437.95M
Total equity33,936.50M1,042.27M
Operating cash flow4,319.64M133.62M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 44,071M 46,938M 46,887M 49,224.00M 53,066.64M
Gross Profit 11,550M 12,612M 12,185M 12,301.73M 11,901.67M
Operating income 5,406M 6,211M 5,103M 5,579.00M 4,752.32M
Income before tax 6,026M 6,989M 5,686M 6,405.01M 5,282.27M
Net income 5,943M 6,714M 5,516M 4,930.97M 5,137.02M
EBITDA 6,286M 7,089M 6,032M 6,693.00M 6,075.32M
Diluted EPS 4.76 5.38 4.42 3.95 4.11
Dividends Per Share 3 3.10 3 2.20 2.30
Total Assets 38,242M 43,602M 46,319M 46,017.62M 48,200.69M
Total liabilities 11,076M 13,044M 14,428M 13,543.90M 14,259.77M
Total equity 27,166M 30,558M 31,891M 32,458.67M 33,936.50M
Operating cash flow 7,163M 7,014M 5,329M 4,475.36M 4,319.64M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,356.71M 1,369.54M 1,328.97M 1,450.60M 1,641.54M
Gross Profit 355.56M 367.99M 345.37M 362.52M 368.16M
Operating income 166.42M 181.22M 144.64M 164.40M 147.00M
Income before tax 185.50M 203.92M 161.16M 188.75M 163.40M
Net income 182.95M 195.89M 156.34M 145.31M 158.90M
EBITDA 193.51M 206.84M 170.97M 197.23M 187.93M
Diluted EPS 0.14 0.15 0.12 0.11 0.12
Dividends Per Share 0.09 0.09 0.08 0.06 0.07
Total Assets 1,162.37M 1,211.67M 1,293.44M 1,412.01M 1,480.36M
Total liabilities 336.65M 362.48M 402.89M 415.58M 437.95M
Total equity 825.71M 849.18M 890.54M 995.97M 1,042.27M
Operating cash flow 220.51M 204.65M 151.04M 131.88M 133.62M

Valuation Measures

Dec 2018
PER16.87
ROA10.90%
ROE15.47%
Operating margin8.95%
Profit margin9.68%

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

  • Deltron Holdings Ltd. (27.6%)
  • Delta Electronics, Inc. (20.9%)
  • First State Investments (Hong Kong) Ltd. (0.8%)
  • RBC Global Asset Management (UK) Ltd. (0.4%)
  • First State Investment Management (UK) Ltd. (0.2%)
  • eQ Varainhoito Oy (0.2%)
  • Impax Asset Management Ltd. (0.1%)
  • Grantham, Mayo, Van Otterloo & Co. LLC (0.1%)
  • The Caisse de depot et placement du Quebec (0.1%)
  • Canada Pension Plan Investment Board (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 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 15 Nov, 2019

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