Feng Tay Enterprises Co Ltd (9910) - Net Assets
Based on the latest financial reports, Feng Tay Enterprises Co Ltd (9910) has net assets worth NT$27.83 Billion TWD (≈ $876.64 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$52.69 Billion ≈ $1.66 Billion USD) and total liabilities (NT$24.87 Billion ≈ $783.41 Million USD). 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. Check 9910 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$27.83 Billion |
| % of Total Assets | 52.81% |
| Annual Growth Rate | 4.75% |
| 5-Year Change | 40.05% |
| 10-Year Change | 80.0% |
| Growth Volatility | 10.14 |
Feng Tay Enterprises Co Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Feng Tay Enterprises Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Feng Tay Enterprises Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Feng Tay Enterprises Co Ltd (2000–2025)
The table below shows the annual net assets of Feng Tay Enterprises Co Ltd from 2000 to 2025. For live valuation and market cap data, see 9910 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$27.83 Billion ≈ $876.64 Million |
-3.48% |
| 2024-12-31 | NT$28.83 Billion ≈ $908.27 Million |
+15.06% |
| 2023-12-31 | NT$25.05 Billion ≈ $789.36 Million |
-6.77% |
| 2022-12-31 | NT$26.87 Billion ≈ $846.68 Million |
+35.26% |
| 2021-12-31 | NT$19.87 Billion ≈ $625.97 Million |
+2.65% |
| 2020-12-31 | NT$19.36 Billion ≈ $609.79 Million |
+3.32% |
| 2019-12-31 | NT$18.73 Billion ≈ $590.20 Million |
+4.10% |
| 2018-12-31 | NT$18.00 Billion ≈ $566.95 Million |
+16.61% |
| 2017-12-31 | NT$15.43 Billion ≈ $486.19 Million |
-0.17% |
| 2016-12-31 | NT$15.46 Billion ≈ $487.03 Million |
+3.94% |
| 2015-12-31 | NT$14.87 Billion ≈ $468.58 Million |
+19.71% |
| 2014-12-31 | NT$12.42 Billion ≈ $391.41 Million |
+10.23% |
| 2013-12-31 | NT$11.27 Billion ≈ $355.10 Million |
+0.49% |
| 2012-12-31 | NT$11.22 Billion ≈ $353.37 Million |
+3.48% |
| 2011-12-31 | NT$10.84 Billion ≈ $341.50 Million |
+7.05% |
| 2010-12-31 | NT$10.13 Billion ≈ $319.02 Million |
-9.35% |
| 2009-12-31 | NT$11.17 Billion ≈ $351.91 Million |
+2.59% |
| 2008-12-31 | NT$10.89 Billion ≈ $343.03 Million |
+0.03% |
| 2007-12-31 | NT$10.88 Billion ≈ $342.92 Million |
+3.82% |
| 2006-12-31 | NT$10.48 Billion ≈ $330.29 Million |
-16.14% |
| 2005-12-31 | NT$12.50 Billion ≈ $393.87 Million |
+12.16% |
| 2004-12-31 | NT$11.15 Billion ≈ $351.15 Million |
+2.23% |
| 2003-12-31 | NT$10.90 Billion ≈ $343.47 Million |
+0.14% |
| 2002-12-31 | NT$10.89 Billion ≈ $342.99 Million |
+7.07% |
| 2001-12-31 | NT$10.17 Billion ≈ $320.36 Million |
+16.52% |
| 2000-12-31 | NT$8.73 Billion ≈ $274.93 Million |
-- |
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 1233.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$9.16 Billion | 35.49% |
| Common Stock | NT$9.87 Billion | 38.27% |
| Other Comprehensive Income | NT$6.76 Billion | 26.20% |
| Other Components | NT$10.60 Million | 0.04% |
| Total Equity | NT$25.80 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 |
|---|---|
|
Shenzhen Bluetrum Technology Co. Ltd. A
SHG:688332
|
$2.26 Billion |
|
Willfar Information Technology Co Ltd
SHG:688100
|
$2.26 Billion |
|
Hillenbrand Inc
NYSE:HI
|
$2.26 Billion |
|
Braze Inc
NASDAQ:BRZE
|
$2.26 Billion |
|
Liaoning Cheng Da Co Ltd
SHG:600739
|
$2.26 Billion |
|
Transwarp Technology (Shanghai) Co. Ltd. A
SHG:688031
|
$2.26 Billion |
|
Shandong Gettop Acoustic Co Ltd
SHE:002655
|
$2.26 Billion |
|
Chongqing Fuling Electric Power Industrial Co Ltd
SHG:600452
|
$2.26 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 2024 to 2025, total equity changed from 26,840,051,000 to 25,804,493,000, a change of -1,035,558,000 (-3.9%).
- Net income of 5,036,042,000 contributed positively to equity growth.
- Dividend payments of 5,036,162,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,737,869,000.
- Other factors increased equity by 702,431,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.04 Billion | +19.52% |
| Dividends Paid | NT$5.04 Billion | -19.52% |
| Other Comprehensive Income | NT$-1.74 Billion | -6.73% |
| Other Changes | NT$702.43 Million | +2.72% |
| Total Change | NT$- | -3.86% |
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: 2.99x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.33x to 2.99x 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$72.60 | x |
| 2007-12-31 | NT$7.81 | NT$72.60 | x |
| 2008-12-31 | NT$7.56 | NT$72.60 | x |
| 2009-12-31 | NT$8.76 | NT$72.60 | x |
| 2010-12-31 | NT$8.13 | NT$72.60 | x |
| 2011-12-31 | NT$9.08 | NT$72.60 | x |
| 2012-12-31 | NT$9.14 | NT$72.60 | x |
| 2013-12-31 | NT$9.87 | NT$72.60 | x |
| 2014-12-31 | NT$10.99 | NT$72.60 | x |
| 2015-12-31 | NT$13.26 | NT$72.60 | x |
| 2016-12-31 | NT$14.02 | NT$72.60 | x |
| 2017-12-31 | NT$13.85 | NT$72.60 | x |
| 2018-12-31 | NT$16.20 | NT$72.60 | x |
| 2019-12-31 | NT$16.82 | NT$72.60 | x |
| 2020-12-31 | NT$17.56 | NT$72.60 | x |
| 2021-12-31 | NT$18.34 | NT$72.60 | x |
| 2022-12-31 | NT$25.31 | NT$72.60 | x |
| 2023-12-31 | NT$23.45 | NT$72.60 | x |
| 2024-12-31 | NT$27.18 | NT$72.60 | x |
| 2025-12-31 | NT$24.26 | NT$72.60 | 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): 19.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.03%
- • Asset Turnover: 1.58x
- • Equity Multiplier: 2.04x
- Recent ROE (19.52%) is below the historical average (22.59%), 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 |
| 2025 | 19.52% | 6.03% | 1.58x | 2.04x | NT$2.46 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: $27,792,281,429
- Average return on equity (ROE) among peers: 8.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Feng Tay Enterprises Co Ltd (9910) | NT$27.83 Billion | 14.66% | 0.89x | $2.26 Billion |
| Victory New Materials Ltd Co (1340) | $4.99 Billion | -10.27% | 0.03x | $27.56 Million |
| Hsinli Chemical Industrial (4303) | $947.35 Million | 14.44% | 0.33x | $141.58 Million |
| Sports Gear Co. Ltd (6768) | $9.49 Billion | 24.01% | 0.41x | $540.26 Million |
| Paiho Shih Holdings Corp (8404) | $5.13 Billion | 8.56% | 1.18x | $220.28 Million |
| Shui-Mu International Co Ltd (8443) | $1.71 Billion | 5.41% | 0.52x | $23.99 Million |
| Fulgent Sun International Holding Co Ltd (9802) | $13.89 Billion | 8.71% | 0.56x | $488.86 Million |
| Pou Chen Corp (9904) | $158.38 Billion | 8.16% | 0.91x | $2.43 Billion |
About 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 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… Read more