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2308 · TWSE · Taiwan · Technology
In shortDELTA (台達電) is profitable, generates cash and holds more cash than debt, with revenue growing (+31.8% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 15.1% | 67/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 10.8% | 63/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 24.1% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 19.0% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.89× | 91/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.28× | 96/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 37.88× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.62 | 90/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 9.5% | 58/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.88× | 72/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 11.8% | 67/100 |
| Operating margin volatility | 2.1% | 90/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 13.0% | 89/100 |
|---|---|---|
| EPS growth, 3-year average | 22.6% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
TWD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 314,671 | 384,443 | 401,227 | 421,148 | 554,885 |
| Cost of revenue | 224,461 | 273,671 | 284,013 | 284,567 | 364,729 |
| Gross profit | 90,209 | 110,773 | 117,213 | 136,580 | 190,157 |
| Research & development | 27,202 | 31,770 | 36,048 | 41,575 | 48,743 |
| Operating income | 31,365 | 41,439 | 40,950 | 47,652 | 83,932 |
| Interest expense | 295 | 571 | 1,171 | 1,547 | 2,216 |
| Pre-tax income | 35,628 | 46,065 | 48,642 | 51,316 | 87,866 |
| Income tax | 7,128 | 9,075 | 9,762 | 10,925 | 19,930 |
| Net income | 26,796 | 32,666 | 33,393 | 35,229 | 60,108 |
| Diluted EPS | TWD10.27 | TWD12.52 | TWD12.80 | TWD13.51 | TWD23.08 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
4.62 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: MOPS (mops.twse.com.tw). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated –