Feng Tay Enterprises Co Ltd (9910) Fair Value & Analysis
Consumer Cyclical · TW · Market cap 67.9B TWD (≈ $2.1B) · ISIN TW0009910000
What is Feng Tay Enterprises Co Ltd really worth?
A solid business, trading 37% below our fair value of 108.99 TWD.
Strengths
Risks
For context
Fair value as of: Aug 26, 2026
From 26 valuation models · updated 10 days ago
Share price +2.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (71.82 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (71.82 TWD to 140.25 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.
How to read this chart
60‑month range 64.20 TWD – 180.96 TWD · fair‑value band 71.82 TWD – 140.25 TWD · the 68.90 TWD price screens below the 108.99 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 26, 2026.
Analysis
Feng Tay Enterprises Co Ltd (9910) currently trades at 68.90 TWD, while our model-based Fair Value estimate is 108.99 TWD, implying the stock looks roughly 36.8% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of 104.33 TWD per share, and 20 of the 26 models we run sit above the 68.90 TWD price. Bear case: the Asset-Based group reads lowest at 17.51 TWD, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Feng Tay Enterprises Co Ltd generated revenue of 82.0B TWD at a net margin of 5.6%. Revenue declined 7.2% year over year. It earns a return on equity of 16.7%. Net debt stands at 1.1B TWD. Fundamentals as of Aug 26, 2026
Our scenario range runs from 71.82 TWD (bear case) to 140.25 TWD (bull case); at 68.90 TWD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 49% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 32% fair-value upside, at 58%, 9910 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.6767 TWD per share, which is 0.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (104.33 TWD) versus Asset-Based (17.51 TWD). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 30
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Feng Tay Enterprises Co., Ltd. manufactures and sells athletic shoes in Singapore, the United States, Mainland China, Switzerland, Mexico, and internationally. The company provides casual shoes, ice skates, ski boots, golf balls, soccer balls, backpacks, ice hockey helmets and clubs, shoe parts, shoe molds, and tools.
Full company description
Feng Tay Enterprises Co., Ltd. manufactures and sells athletic shoes in Singapore, the United States, Mainland China, Switzerland, Mexico, and internationally. The company provides casual shoes, ice skates, ski boots, golf balls, soccer balls, backpacks, ice hockey helmets and clubs, shoe parts, shoe molds, and tools. It offers international trade services; manufactures and repairs molds, cutting dies, shoe lasts, and injections, as well as processes metal parts; manufactures and processes plastic products; produces semi-finished footwear, protective gear, and other supporting products, as well as footwear accessories; engages in the wholesale and retail of general merchandise, and provision of related services; and develops industrial parks. The company was founded in 1971 and is headquartered in Douliou City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Feng Tay Enterprises Co Ltd reported revenue of 83.5B TWD in FY2025 versus 70.3B TWD in FY2021, a compound +4.4%/yr. Reported net income was 5.0B TWD in FY2025, compounding +2.6%/yr from FY2021.
of which total revenue +5.3 % · buybacks/dilution −0.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Footwear & Accessories · 93 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Footwear & Accessories median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NIKE, Inc NKE | $38.44 | $35.63 | −7% |
| Deckers Outdoor Corporation DECK | $87.76 | $125.16 | +43% |
| On Holding ONON | $31.03 | $17.79 | −43% |
| Zhejiang China Commodities City Group 600415 | ¥12.61 | ¥13.03 | +3% |
| Birkenstock Holding BIRK | $33.95 | $44.93 | +32% |
| Crocs, Inc CROX | $122.23 | $203.65 | +67% |
| Huali Industrial Group 300979 | ¥34.24 | ¥51.36 | +50% |
| PUMA SE PUM | €25.63 | €10.57 | −59% |
| Steven Madden, Ltd SHOO | $47.70 | $11.69 | −75% |
| Yue Yuen Industrial (Holdings) Limited 0551 | HK$13.65 | HK$31.67 | +132% |
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