Feng Tay Enterprises Co Ltd
TWSE:9910

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Feng Tay Enterprises Co Ltd Logo
Feng Tay Enterprises Co Ltd
TWSE:9910
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Price: 71.7 TWD 1.56% Market Closed
Market Cap: NT$70.8B

P/OCF

8.1
Current
50%
Cheaper
vs 3-y average of 16.3

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
8.1
=
Market Cap
NT$81.1B
/
Operating Cash Flow
NT$8.7B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
8.1
=
Market Cap
NT$81.1B
/
Operating Cash Flow
NT$8.7B

Valuation Scenarios

Feng Tay Enterprises Co Ltd is trading below its 3-year average

If P/OCF returns to its 3-Year Average (16.3), the stock would be worth NT$144.22 (101% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+120%
Average Upside
76%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 8.1 NT$71.7
0%
3-Year Average 16.3 NT$144.22
+101%
5-Year Average 17.8 NT$157.65
+120%
Industry Average 9.7 NT$85.9
+20%
Country Average 13.2 NT$116.25
+62%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
70.8B TWD 8.1 14.1
US
Nike Inc
NYSE:NKE
66.6B USD 39.3 29.6
JP
Asics Corp
TSE:7936
3.2T JPY 29.4 32.7
US
Deckers Outdoor Corp
NYSE:DECK
15.1B USD 14.9 14.5
CH
On Holding AG
NYSE:ONON
11.7B USD 25.6 45.2
US
Skechers USA Inc
NYSE:SKX
9.5B USD 14.8 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
7.2B USD 16.6 16.1
CN
Huali Industrial Group Co Ltd
SZSE:300979
48.3B CNY 12.9 15.1
US
Crocs Inc
NASDAQ:CROX
5.1B USD 7.2 -63.4
DE
Puma SE
XETRA:PUM
3.7B EUR -11.5 -5.7
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
23.6B HKD 6.4 7.9
P/E Multiple
Earnings Growth PEG
TW
Feng Tay Enterprises Co Ltd
TWSE:9910
Average P/E: 21.1
14.1
9%
1.6
US
Nike Inc
NYSE:NKE
29.6
3%
9.9
JP
Asics Corp
TSE:7936
32.7
17%
1.9
US
Deckers Outdoor Corp
NYSE:DECK
14.5
7%
2.1
CH
On Holding AG
NYSE:ONON
45.2
49%
0.9
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
16.1
16%
1
CN
Huali Industrial Group Co Ltd
SZSE:300979
15.1
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -63.4 N/A N/A
DE
Puma SE
XETRA:PUM
Negative Multiple: -5.7 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
7.9
3%
2.6

Market Distribution

Lower than 74% of companies in Taiwan
Percentile
26th
Based on 708 companies
26th percentile
8.1
Low
0.5 — 8.9
Typical Range
8.9 — 20.4
High
20.4 —
Distribution Statistics
Taiwan
Min 0.5
30th Percentile 8.9
Median 13.2
70th Percentile 20.4
Max 5 587.5

Feng Tay Enterprises Co Ltd
Glance View

In the dynamic world of sports footwear, Feng Tay Enterprises Co., Ltd. stands as a remarkable player with a compelling narrative rooted in resilience and strategic acumen. Founded in Taiwan in 1971, the company initially weathered the challenges of a nascent market, forging its path through a determined focus on craftsmanship and quality. Over time, Feng Tay transformed into a powerhouse in the manufacturing landscape, particularly in athletic and leisure shoes, becoming a key partner for global giants such as Nike. Its ascent wasn’t due merely to volume but a finely-tuned operational strategy that emphasized innovation and efficiency. The company's facilities, strategically located in Taiwan, China, and Southeast Asia, allow it to leverage cost-effective production while maintaining stringent quality standards, positioning itself as a reliable ally within the highly competitive athletic goods circle. Feng Tay’s business success can largely be attributed to its savvy grasp of operational scalability and customer alignment. By adopting advanced manufacturing techniques and embracing technological advancements, the company ensures it stays ahead of production demands and quality expectations. The synergy between their robust logistical networks and an ever-evolving product line allows Feng Tay to meet the fast-paced demands of the global market seamlessly. Its focus on research and development fuels its commitment to crafting products that not only meet consumer expectations but also push the bar higher, carving out a consistent revenue stream from long-standing contracts with leading sports brands. This approach keeps the wheels of innovation turning, making Feng Tay not just a manufacturer but a pivotal entity shaping the future of sportswear.

Intrinsic Value
144.18 TWD
Undervaluation 50%
Intrinsic Value
Price NT$71.7
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