Financials Feng Tay Enterprises Co., Ltd.

Equities

9910

TW0009910000

Footwear

End-of-day quote Taiwan S.E. 06:00:00 2024-05-30 pm EDT 5-day change 1st Jan Change
154.5 TWD +3.34% Intraday chart for Feng Tay Enterprises Co., Ltd. -.--% -11.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 143,273 175,895 204,109 182,067 172,810 152,566 - -
Enterprise Value (EV) 1 144,671 175,661 209,480 179,952 175,256 149,398 146,774 144,311
P/E ratio 23 x 36.1 x 45 x 20 x 34.7 x 25.1 x 19.1 x 17.4 x
Yield 2.05% 1.85% 1.77% 3.73% 2.46% 2.95% 3.69% 4.2%
Capitalization / Revenue 1.94 x 2.55 x 2.9 x 1.9 x 2.01 x 1.67 x 1.53 x 1.42 x
EV / Revenue 1.96 x 2.55 x 2.98 x 1.88 x 2.04 x 1.64 x 1.47 x 1.34 x
EV / EBITDA 13.8 x 18.6 x 23.5 x 12.7 x 18.3 x 13.1 x 10.4 x 9.37 x
EV / FCF 39.2 x 32.1 x -154 x 14.5 x 55.5 x 27.2 x 21.5 x 17.8 x
FCF Yield 2.55% 3.12% -0.65% 6.89% 1.8% 3.67% 4.65% 5.61%
Price to Book 8.62 x 10.1 x 11.3 x 7.28 x 7.46 x 5.87 x 5.28 x 5.1 x
Nbr of stocks (in thousands) 987,483 987,483 987,483 987,483 987,483 987,483 - -
Reference price 2 145.1 178.1 206.7 184.4 175.0 154.5 154.5 154.5
Announcement Date 1/10/20 3/22/21 3/18/22 3/16/23 3/14/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 73,930 68,960 70,350 95,903 85,767 91,157 99,580 107,640
EBITDA 1 10,501 9,468 8,919 14,209 9,564 11,412 14,079 15,394
EBIT 1 8,371 7,069 6,377 11,346 6,584 8,232 10,638 11,828
Operating Margin 11.32% 10.25% 9.06% 11.83% 7.68% 9.03% 10.68% 10.99%
Earnings before Tax (EBT) 1 9,813 7,646 6,928 13,474 7,081 8,796 11,603 12,634
Net income 1 6,238 4,879 4,542 9,082 4,975 6,078 7,867 8,596
Net margin 8.44% 7.07% 6.46% 9.47% 5.8% 6.67% 7.9% 7.99%
EPS 2 6.317 4.938 4.598 9.196 5.040 6.154 8.068 8.858
Free Cash Flow 1 3,687 5,474 -1,358 12,395 3,159 5,489 6,826 8,093
FCF margin 4.99% 7.94% -1.93% 12.92% 3.68% 6.02% 6.86% 7.52%
FCF Conversion (EBITDA) 35.12% 57.82% - 87.23% 33.03% 48.1% 48.49% 52.57%
FCF Conversion (Net income) 59.11% 112.2% - 136.48% 63.5% 90.31% 86.77% 94.15%
Dividend per Share 2 2.976 3.304 3.661 6.875 4.300 4.550 5.698 6.491
Announcement Date 1/10/20 3/22/21 3/18/22 3/16/23 3/14/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 18,725 22,395 24,763 25,881 22,863 19,503 20,656 23,073 22,535 20,616 21,952 24,081 24,027 23,222 24,333
EBITDA 1 2,807 3,230 3,841 3,704 3,433 1,652 2,152 2,705 3,055 2,106 3,007 3,355 3,610 - -
EBIT 1 2,144 2,552 3,122 2,983 2,689 926.9 1,414 1,949 2,295 1,341 1,735 2,490 2,575 2,587 3,076
Operating Margin 11.45% 11.4% 12.61% 11.53% 11.76% 4.75% 6.84% 8.45% 10.18% 6.51% 7.9% 10.34% 10.72% 11.14% 12.64%
Earnings before Tax (EBT) 1 2,216 3,035 3,845 4,058 2,537 895.7 1,765 2,407 2,014 1,825 1,967 2,462 2,518 2,841 3,367
Net income 1 1,613 2,073 2,583 2,722 1,704 749.4 1,197 1,689 1,340 1,271 1,357 1,699 1,737 1,936 2,246
Net margin 8.61% 9.26% 10.43% 10.52% 7.45% 3.84% 5.8% 7.32% 5.94% 6.16% 6.18% 7.06% 7.23% 8.34% 9.23%
EPS 2 1.634 2.098 2.616 2.759 1.723 0.7589 1.210 1.710 1.360 1.290 1.370 1.720 1.760 1.960 2.275
Dividend per Share 2 - - - - - - - - - - - 4.300 - - -
Announcement Date 3/18/22 4/12/22 8/11/22 11/10/22 3/16/23 5/11/23 8/11/23 11/10/23 3/14/24 5/14/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,398 - 5,371 - 2,447 - - -
Net Cash position 1 - 235 - 2,115 - 3,168 5,792 8,255
Leverage (Debt/EBITDA) 0.1331 x - 0.6022 x - 0.2558 x - - -
Free Cash Flow 1 3,687 5,474 -1,358 12,395 3,159 5,489 6,826 8,093
ROE (net income / shareholders' equity) 38.2% 28.7% 25.6% 42.1% 20.7% 25.1% 28.6% 29.9%
ROA (Net income/ Total Assets) 16.5% 11.5% 10% 18.5% 9.8% 13.7% 15.3% 18.3%
Assets 1 37,783 42,527 45,357 49,118 50,764 44,232 51,489 46,973
Book Value Per Share 2 16.80 17.60 18.30 25.30 23.50 26.30 29.30 30.30
Cash Flow per Share 2 9.510 8.700 1.780 17.10 7.390 8.430 10.80 12.80
Capex 1 5,703 3,115 3,113 4,454 4,141 3,720 3,989 4,507
Capex / Sales 7.71% 4.52% 4.42% 4.64% 4.83% 4.08% 4.01% 4.19%
Announcement Date 1/10/20 3/22/21 3/18/22 3/16/23 3/14/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
154.5 TWD
Average target price
173.5 TWD
Spread / Average Target
+12.27%
Consensus
  1. Stock Market
  2. Equities
  3. 9910 Stock
  4. Financials Feng Tay Enterprises Co., Ltd.