Feng Tay Enterprises Co Ltd
Feng Tay Enterprises Co., Ltd. manufactures and sells athletic shoes in Singapore, the United States, Mainland China, Switzerland, Mexico, and internationally. The company offers casual shoes, inline and ice skates, snowboard boots, cycling shoes, golf balls, soccer balls, backpacks and handbags, ice hockey helmets and sticks, footwear accessories, shoe molds, and tools. It also provides internat… Read more
Feng Tay Enterprises Co Ltd (9910) - Net Assets
Latest net assets as of September 2025: NT$25.30 Billion TWD
Based on the latest financial reports, Feng Tay Enterprises Co Ltd (9910) has net assets worth NT$25.30 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$51.37 Billion) and total liabilities (NT$26.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$25.30 Billion |
| % of Total Assets | 49.25% |
| Annual Growth Rate | 5.11% |
| 5-Year Change | 48.95% |
| 10-Year Change | 93.84% |
| Growth Volatility | 10.19 |
Feng Tay Enterprises Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Feng Tay Enterprises Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Feng Tay Enterprises Co Ltd (2000–2024)
The table below shows the annual net assets of Feng Tay Enterprises Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$28.83 Billion | +15.06% |
| 2023-12-31 | NT$25.05 Billion | -6.77% |
| 2022-12-31 | NT$26.87 Billion | +35.26% |
| 2021-12-31 | NT$19.87 Billion | +2.65% |
| 2020-12-31 | NT$19.36 Billion | +3.32% |
| 2019-12-31 | NT$18.73 Billion | +4.10% |
| 2018-12-31 | NT$18.00 Billion | +16.61% |
| 2017-12-31 | NT$15.43 Billion | -0.17% |
| 2016-12-31 | NT$15.46 Billion | +3.94% |
| 2015-12-31 | NT$14.87 Billion | +19.71% |
| 2014-12-31 | NT$12.42 Billion | +10.23% |
| 2013-12-31 | NT$11.27 Billion | +0.49% |
| 2012-12-31 | NT$11.22 Billion | +3.48% |
| 2011-12-31 | NT$10.84 Billion | +7.05% |
| 2010-12-31 | NT$10.13 Billion | -9.35% |
| 2009-12-31 | NT$11.17 Billion | +2.59% |
| 2008-12-31 | NT$10.89 Billion | +0.03% |
| 2007-12-31 | NT$10.88 Billion | +3.82% |
| 2006-12-31 | NT$10.48 Billion | -16.14% |
| 2005-12-31 | NT$12.50 Billion | +12.16% |
| 2004-12-31 | NT$11.15 Billion | +2.23% |
| 2003-12-31 | NT$10.90 Billion | +0.14% |
| 2002-12-31 | NT$10.89 Billion | +7.07% |
| 2001-12-31 | NT$10.17 Billion | +16.52% |
| 2000-12-31 | NT$8.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Feng Tay Enterprises Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1130.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$8.45 Billion | 31.48% |
| Common Stock | NT$9.87 Billion | 36.79% |
| Other Comprehensive Income | NT$8.50 Billion | 31.67% |
| Other Components | NT$16.11 Million | 0.06% |
| Total Equity | NT$26.84 Billion | 100.00% |
Feng Tay Enterprises Co Ltd Competitors by Market Cap
The table below lists competitors of Feng Tay Enterprises Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sundram Fasteners Limited
NSE:SUNDRMFAST
|
$1.01 Billion |
|
WT Microelectronics Co. Ltd. Pfd.
TW:3036A
|
$1.01 Billion |
|
BioArctic AB (publ)
PINK:BRCTF
|
$1.01 Billion |
|
Aehr Test Systems
NASDAQ:AEHR
|
$1.01 Billion |
|
Sixt SE
PINK:SIXGF
|
$1.01 Billion |
|
Aarti Industries Limited
NSE:AARTIIND
|
$1.01 Billion |
|
Grupo Gigante S. A. B. de C. V
PINK:GPGNF
|
$1.01 Billion |
|
Partner Communications Company Ltd.
PINK:PTNRF
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Feng Tay Enterprises Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,160,248,000 to 26,840,051,000, a change of 3,679,803,000 (15.9%).
- Net income of 5,869,538,000 contributed positively to equity growth.
- Dividend payments of 4,246,176,000 reduced retained earnings.
- Other comprehensive income increased equity by 9,626,737,000.
- Other factors decreased equity by 7,570,296,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.87 Billion | +21.87% |
| Dividends Paid | NT$4.25 Billion | -15.82% |
| Other Comprehensive Income | NT$9.63 Billion | +35.87% |
| Other Changes | NT$-7.57 Billion | -28.21% |
| Total Change | NT$- | 15.89% |
Book Value vs Market Value Analysis
This analysis compares Feng Tay Enterprises Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.08x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 10.77x to 3.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$7.78 | NT$83.80 | x |
| 2007-12-31 | NT$7.81 | NT$83.80 | x |
| 2008-12-31 | NT$7.56 | NT$83.80 | x |
| 2009-12-31 | NT$8.76 | NT$83.80 | x |
| 2010-12-31 | NT$8.13 | NT$83.80 | x |
| 2011-12-31 | NT$9.08 | NT$83.80 | x |
| 2012-12-31 | NT$9.14 | NT$83.80 | x |
| 2013-12-31 | NT$9.87 | NT$83.80 | x |
| 2014-12-31 | NT$10.99 | NT$83.80 | x |
| 2015-12-31 | NT$13.26 | NT$83.80 | x |
| 2016-12-31 | NT$14.02 | NT$83.80 | x |
| 2017-12-31 | NT$13.85 | NT$83.80 | x |
| 2018-12-31 | NT$16.20 | NT$83.80 | x |
| 2019-12-31 | NT$16.82 | NT$83.80 | x |
| 2020-12-31 | NT$17.56 | NT$83.80 | x |
| 2021-12-31 | NT$18.34 | NT$83.80 | x |
| 2022-12-31 | NT$25.31 | NT$83.80 | x |
| 2023-12-31 | NT$23.45 | NT$83.80 | x |
| 2024-12-31 | NT$27.18 | NT$83.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Feng Tay Enterprises Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.71%
- • Asset Turnover: 1.61x
- • Equity Multiplier: 2.03x
- Recent ROE (21.87%) is below the historical average (22.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 14.66% | 4.13% | 1.28x | 2.78x | NT$215.08 Million |
| 2001 | 17.02% | 5.45% | 1.27x | 2.46x | NT$383.36 Million |
| 2002 | 17.63% | 5.55% | 1.32x | 2.41x | NT$452.36 Million |
| 2003 | 18.07% | 5.69% | 1.33x | 2.39x | NT$489.68 Million |
| 2004 | 18.32% | 5.75% | 1.31x | 2.42x | NT$528.65 Million |
| 2005 | 17.17% | 4.98% | 1.38x | 2.50x | NT$502.50 Million |
| 2006 | 11.63% | 3.37% | 1.37x | 2.52x | NT$114.15 Million |
| 2007 | 16.79% | 5.03% | 1.38x | 2.42x | NT$511.75 Million |
| 2008 | 11.83% | 3.25% | 1.42x | 2.56x | NT$136.82 Million |
| 2009 | 18.52% | 5.67% | 1.38x | 2.37x | NT$694.89 Million |
| 2010 | 19.29% | 5.17% | 1.53x | 2.44x | NT$745.63 Million |
| 2011 | 16.45% | 4.04% | 1.63x | 2.49x | NT$561.28 Million |
| 2012 | 18.60% | 4.56% | 1.76x | 2.32x | NT$776.20 Million |
| 2013 | 23.54% | 6.01% | 1.77x | 2.21x | NT$1.32 Billion |
| 2014 | 28.45% | 6.48% | 1.88x | 2.34x | NT$2.00 Billion |
| 2015 | 32.36% | 7.59% | 1.94x | 2.19x | NT$2.93 Billion |
| 2016 | 32.16% | 7.66% | 1.88x | 2.23x | NT$3.07 Billion |
| 2017 | 32.14% | 7.50% | 1.89x | 2.27x | NT$3.03 Billion |
| 2018 | 32.89% | 8.16% | 1.89x | 2.14x | NT$3.66 Billion |
| 2019 | 37.51% | 8.43% | 1.79x | 2.48x | NT$4.57 Billion |
| 2020 | 28.14% | 7.07% | 1.57x | 2.53x | NT$3.14 Billion |
| 2021 | 25.08% | 6.46% | 1.50x | 2.59x | NT$2.73 Billion |
| 2022 | 36.34% | 9.47% | 1.87x | 2.05x | NT$6.58 Billion |
| 2023 | 21.48% | 5.80% | 1.69x | 2.19x | NT$2.66 Billion |
| 2024 | 21.87% | 6.71% | 1.61x | 2.03x | NT$3.19 Billion |
Industry Comparison
This section compares Feng Tay Enterprises Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $22,365,816,222
- Average return on equity (ROE) among peers: 2.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Feng Tay Enterprises Co Ltd (9910) | NT$25.30 Billion | 14.66% | 1.03x | $1.01 Billion |
| Victory New Materials Ltd Co (1340) | $1.81 Billion | 28.98% | 0.17x | $23.81 Million |
| Hsinli Chemical Industrial (4303) | $947.35 Million | 14.44% | 0.33x | $147.63 Million |
| Sports Gear Co. Ltd (6768) | $11.15 Billion | 9.40% | 0.60x | $174.21 Million |
| Lai Yih Footwear Co., Ltd. (6890) | $17.01 Billion | 12.14% | 0.37x | $629.39 Million |
| Paiho Shih Holdings Corp (8404) | $3.85 Billion | 6.03% | 0.35x | $92.78 Million |
| Shui-Mu International Co Ltd (8443) | $1.57 Billion | -3.72% | 0.47x | $14.10 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $6.24 Billion | 12.86% | 0.51x | $475.45 Million |
| Pou Chen Corp (9904) | $158.38 Billion | 8.16% | 0.91x | $1.98 Billion |
| Eminent Luggage Corporation (9950) | $323.66 Million | -69.06% | 12.44x | $16.23 Million |