FEAF
TWSE

2308 台達電

1,240.00 0.00 (0.00%) Close · 2026-11-13 · TWSE
Ask about 2308 ✔ On watchlist
This is research, not a buy or sell recommendation. Robo-advice in Taiwan requires an FSC licence; FEAF analyses, explains and monitors, and the investor makes the decision. Judgement thresholds are working rules pending review by the team's finance members.

Plain-language summary of valuation, growth, profitability, balance sheet, and recent MOPS filings.

Your risk profile
Conclusion

Mixed picture: 3 strengths against 3 watch-outs. Weigh them against your own goals.

Points to watch for a moderate profile: see the items marked above.

In plain words

Stock 2308 demonstrates high profitability with a 27.2% return on equity, a 12.3% net margin, positive 2025 free cash flow of 52,752 NT$ million, and strong revenue growth of 31.8% in 2025 and 31.1% year-on-year in Q3 2026. However, its valuation is higher than peers with a P/E of 37.24 compared to the median of 24.93, while carrying a heavy debt load of 54.0% total assets in Q3 2026 and a price implying an 8.7% perpetual growth rate. Furthermore, 1 filing is held or rejected and awaits human review. Overall, this presents a mixed picture balancing 3 strengths against 3 watch-outs. Ultimately, the investment decision rests entirely with the investor.

Written by gemini-3.6-flash from the facts above; every number was checked against them.

Strengths

+ Revenue grew 31.8% in 2025; latest quarter Q3 2026: 31.1% year on year. source (Financials) →
+ Return on equity 27.2% with a 12.3% net margin: highly profitable. source (Key Stats) →
+ Free cash flow was positive in 2025: 52,752 NT$ million. source (Financials) →

Watch-outs

! The current price implies 8.7% perpetual growth, above the 3.5% ceiling: the price already assumes high expectations. source (Valuation) →
! P/E 37.24 is well above the Electronic components median of 24.93 (81 listed peers): priced richer than peers. source (Key Stats) →
! Liabilities are 54.0% of total assets (Q3 2026): a heavy debt load. source (Financials) →

What to check before deciding

?Can the company sustain growth above the perpetual-growth ceiling for years?
?Why is it priced above its peers, and is that premium justified?
?Can operating cash cover the debt if conditions tighten?

What the analysis found

! Valuation (DCF) The current price implies 8.7% perpetual growth, above the 3.5% ceiling: the price already assumes high expectations. source →
! Valuation vs peers P/E 37.24 is well above the Electronic components median of 24.93 (81 listed peers): priced richer than peers. source →
+ Growth Revenue grew 31.8% in 2025; latest quarter Q3 2026: 31.1% year on year. source →
+ Profitability Return on equity 27.2% with a 12.3% net margin: highly profitable. source →
! Debt Liabilities are 54.0% of total assets (Q3 2026): a heavy debt load. source →
+ Cash flow Free cash flow was positive in 2025: 52,752 NT$ million. source →
· Filings 1 filing(s) are held or rejected and wait for human review. source →