Feng Tay Enterprises Co Ltd (9910) fair value: what the stock is really worth
We calculate from audited financials what Feng Tay Enterprises Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
A solid business, trading 37% below our fair value of 108.99 TWD.
As of Aug 26, 2026, the fair value of Feng Tay Enterprises Co Ltd is 108.99 TWD per share against a price of 68.60 TWD, so the fair value sits 59% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y +3.9 %/yr)
!Thin margins · 5.6% net margin
✓Low debt · generates free cash flow
·5.98% dividend yield
✓Ranks above peers (9/15)
!Moderate moat 56/100
Evidence: HighRange 71.82 TWD to 140.25 TWD
Fair value as of: Aug 26, 2026
From 26 valuation models · updated 15 days ago
Share price −2.3% over the past month.
This is the short version. In the app for Feng Tay Enterprises Co Ltd:
Watch Feng Tay Enterprises Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
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 68.60 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.
Feng Tay Enterprises Co Ltd (9910) currently trades at 68.60 TWD, while our model-based Fair Value estimate is 108.99 TWD, implying the stock looks roughly 37.1% 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 68.60 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
Scenario range: 71.82 TWD (bear) to 140.25 TWD (bull), the price of 68.60 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 50% below its 52-week high and 3% 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 59%, 9910 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.6932 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
Highest evidence
FCF DCF best evidence66.14 TWD98.98 TWD147.86 TWD80
Growth DCF67.53 TWD97.11 TWD138.76 TWD78
Owner Earnings59.33 TWD88.67 TWD132.34 TWD76
All 26 models by family
DCF Models
FCF DCF best evidence66.14 TWD98.98 TWD147.86 TWD80
Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
P/E ratio14.8
P/S ratio0.90P/E × margin
EPS (TTM)4.62 TWDprice ÷ EPS = P/E 14.8
Dividend yield6.0%payout 88.7%
Net margin6.0%FY2025
Return on equity16.7%TTM
More key figures
Profitability
Return on assets (EBIT)15.3%avg 5y
Operating margin4.0%TTM
Growth
Revenue (TTM)82.0B TWDTTM
Revenue growth (YoY)−7.2%3y avg −4.5%
EPS growth (YoY)−41.3%
Balance sheet & cash flow
Free cash flow5.7B TWDFY2025
Net debt1.1B TWDFY2025 · ≈ 0.2 yrs of FCF
Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality60/100
Of which business quality 60
· Market factors (momentum, volatility) 30
Profitability66
Margins and returns on capital today
Quality Growth33
Are margins and returns improving?
Cashflow54
Earnings quality: real cash, not paper profit
Fin. Strength79
Balance sheet, leverage, solvency risk
Investment94
Disciplined investing over empire-building
Low Volatility75
Calm price path (market factor)
Momentum15
Price trend over the last 3–12 months (market factor)
52W Momentum4
Distance to the 52-week high (market factor)
Net Issuance30
Buybacks instead of dilution
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.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
83.5B TWD
Latest YoY
−4.5%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.5%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.9%
Avg. revenue growth/yr (25Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Value creation/yr (5Y, in TWD) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+5.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−0.8%
Dividend yield6.0%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −0.8% vs 10Y 1.0%, steady
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10.3% (2020) → 8.9% (2025) · falling
Worst earnings drop45% (2023) · in TWD
Revenue+4.4%/yr
FY2170.3B TWD
FY2295.9B TWD
FY2385.8B TWD
FY2487.5B TWD
FY2583.5B TWD
Net income+2.6%/yr
FY214.5B TWD
FY229.1B TWD
FY235.0B TWD
FY245.9B TWD
FY255.0B TWD
Character of growth · EPS growth decomposed (2014-2025)+3.1 % p.a.
Revenue per share+5.0 %
of which total revenue +5.3 % · buybacks/dilution −0.3 %
EBIT margin−2.2 %
Tax rate+0.5 %
Residual (interest, one-offs)−0.1 %
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).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Feng Tay Enterprises Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/9910
Peer Group
Footwear & Accessories · 94 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
Quality Score60 · Above median
Fair Value upside+58% · Top 25%
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)6% · Above median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−7% · Below median
Dividend yield (TTM)6.0% · Top 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiples vs Footwear & Accessories median · lower = cheaper
P/E (TTM)14.8× · Cheaper than median
P/B2.63× · Priciest 25%
P/S (TTM)0.83× · Pricier than median
P/FCF0.4× · Cheapest 25%
EV/EBITDA6.8× · Cheaper than median
PEG2.13× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Feng Tay Enterprises Co Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+0.4 % per year
Achieved revenue growth, 5 years+3.9 % p.a.
Sector median revenue growth+2.7 %
FCF yield on price7.80 %
Discount rate (WACC) in the models9.0 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE100· sector 8
FUTURE0· sector 0
PAST67· sector 22
HEALTH94· sector 96
DIVIDEND100· sector 49
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).
Is Feng Tay Enterprises Co Ltd (9910) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of 108.99 TWD versus a price of 68.60 TWD, about +59% upside (undervalued).
What is the fair value of 9910?
Our model-based fair value for Feng Tay Enterprises Co Ltd is 108.99 TWD (as of Aug 26, 2026), built from audited fundamentals. The current price: 68.60 TWD.
What is the quality score of 9910?
Feng Tay Enterprises Co Ltd has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Feng Tay Enterprises Co Ltd (9910)?
Our model-based price target is the fair value of 108.99 TWD (as of Aug 26, 2026) from 26 valuation models. Cautious scenario 71.82 TWD, optimistic scenario 140.25 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Feng Tay Enterprises Co Ltd stock forecast for 2026?
Our models put fair value at 108.99 TWD, about +59% upside versus a price of 68.60 TWD (undervalued). Cautious scenario 71.82 TWD, optimistic scenario 140.25 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Feng Tay Enterprises Co Ltd (9910)?
Feng Tay Enterprises Co Ltd reported trailing-twelve-month revenue of about 82.0B TWD (latest available figure, as of Aug 26, 2026).
What is the net profit margin of 9910?
The net profit margin of Feng Tay Enterprises Co Ltd is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. Based on the latest reported figures.
Does Feng Tay Enterprises Co Ltd pay a dividend?
Feng Tay Enterprises Co Ltd currently shows a dividend yield of about 5.98% relative to its recent price (as of Aug 26, 2026).
What growth is priced into Feng Tay Enterprises Co Ltd (9910)?
For today's price to be fair in a discounted-cash-flow model, Feng Tay Enterprises Co Ltd would have to grow free cash flow by +0.4 % per year for ten years (discount rate 9.0 %, then 2 % perpetual growth). Over the last 5 years revenue grew +3.9 % per year. As of Aug 26, 2026.
What discount rate (WACC) does the fair value of 9910 use?
Our models discount Feng Tay Enterprises Co Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.40, country premium for Taiwan. The same rate applies in all 26 models.
What is the intrinsic value of Feng Tay Enterprises Co Ltd (9910)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Feng Tay Enterprises Co Ltd it is 108.99 TWD per share (as of Aug 26, 2026), against a price of 68.60 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Feng Tay Enterprises Co Ltd stock overvalued or undervalued in 2026?
As of Aug 26, 2026, 9910 trades below its calculated fair value: price 68.60 TWD, fair value 108.99 TWD, a gap of about +59% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 9910?
No. The price is what the market pays today (68.60 TWD); the fair value is what the company's own numbers justify (108.99 TWD). For Feng Tay Enterprises Co Ltd the two are 40.39 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Feng Tay Enterprises Co Ltd worth?
The market values Feng Tay Enterprises Co Ltd at about 73.0B TWD (market capitalisation, as of Aug 26, 2026). Per share that is 68.60 TWD; our models calculate a fair value of 108.99 TWD per share.
What do the bullish and bearish scenarios say about 9910?
Our models span a range for Feng Tay Enterprises Co Ltd: cautious scenario 71.82 TWD, base 108.99 TWD, optimistic 140.25 TWD per share (as of Aug 26, 2026, price 68.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9910?
Feng Tay Enterprises Co Ltd trades at a price-to-earnings ratio of 14.8 (as of Aug 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 108.99 TWD is built from several models across several years. Other multiples: PEG 2.1, P/B 2.6, P/S 0.8, EV/EBITDA 6.8.
What is the PEG ratio of 9910?
The PEG ratio of Feng Tay Enterprises Co Ltd is 2.13 (P/E divided by earnings growth, as of Aug 26, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Feng Tay Enterprises Co Ltd (9910)?
Balance-sheet figures for Feng Tay Enterprises Co Ltd (as of Aug 26, 2026): return on equity 16.7%, debt of 0.12 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 9910 from its 52-week high?
Feng Tay Enterprises Co Ltd trades at 68.60 TWD, about 50% below its 52-week high of 136.00 TWD and 3% above the low of 66.40 TWD (as of Aug 26, 2026). Distance from the high says nothing about value: that is what the fair value of 108.99 TWD is for.
Which stocks are comparable to Feng Tay Enterprises Co Ltd?
From the same area (Consumer Cyclical) we also value NIKE, Inc, Deckers Outdoor Corporation, On Holding, Zhejiang China Commodities City Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Feng Tay Enterprises Co Ltd stock attractive at the current price?
The data as of Aug 26, 2026: price 68.60 TWD, calculated fair value 108.99 TWD (+59%), Quality Score 60/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 9910 calculated?
We run Feng Tay Enterprises Co Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 108.99 TWD, with the spread shown as a cautious and an optimistic scenario.
Free · no account needed
Watch Feng Tay Enterprises Co Ltd in the live analysis
One click puts Feng Tay Enterprises Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
