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Consumer Non-Durables

Feng Tay Enterprise Co. Ltd.

  • 195.00 TWD
  • +1.00
  • +0.52%
  • Taiwan
    Nov 15, 2018
  • Ticker
    TAI(9910)
  • Prev. close
    194.00
  • Market cap (TWD)
    129,580.40M
  • Market cap (USD)
    4,189.81M
  • Shares
    667.94M

Company Background

Feng Tay Enterprises is the second-largest shoemaker in Taiwan and produces mainly athletic shoes. Nike is its biggest customer, with nearly a sixth of the sports shoes sold globally by the U.S. company made by Feng Tay.

In a first among Taiwanese shoemakers, the company introduced a U.S.-style conveyor belt-based production system, drastically improving its productivity.

Feng Tay began making shoes for Nike in the second half of the 1970s. It launched overseas production in 1988, in line with Nike's global business strategy. The company set up a series of plants in China and other countries.

In 1992, Feng Tay and Nike jointly created a research and development center in Taiwan, the first facility of its kind in Asia for the U.S. shoe giant.

Feng Tay has been diversifying in recent years, branching out into nonathletic footwear -- including roller blades -- in 2001 and golf balls, soccer balls and ice hockey gear in 2006.

Feng Tay said in September 2015 it will spend 4.6 billion rupees ($76.3 million) over the next three to five years to expand its Indian plant producing Nike and other shoes.

Business Summary

Feng Tay Enterprise Co., Ltd. engages in the manufacture and sale of sports shoes. Its products include casual shoes; inline skates; skates; ski boots; bicycles shoes; golf, soccer, and ice hockey helmets and clubs; baseball bat; shoe parts; and footwear molds and tools. The company was founded by Chiu Hsiung Wang on July 29, 1971 and is headquartered in Yunlin, Taiwan.

Financial Highlights

Dec 2017 TWDUSD
Revenue58,633.38M1,927.29M
Gross Profit12,997.22M427.22M
Operating income5,819.31M191.28M
Income before tax6,365.51M209.23M
Net income4,395.12M144.46M
EBITDA7,512.28M246.93M
Diluted EPS6.580.21
Dividends Per Share50.16
Total Assets31,037.44M1,042.97M
Total liabilities15,605.64M524.40M
Total equity13,675.14M459.53M
Operating cash flow5,203.60M171.04M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 38,148.36M 47,653.56M 55,803.77M 58,122.45M 58,633.38M
Gross Profit 7,113.19M 9,436.89M 11,370.26M 12,988.74M 12,997.22M
Operating income 2,930.65M 4,527.39M 5,549.56M 6,446.88M 5,819.31M
Income before tax 3,332.77M 5,000.67M 6,191.42M 7,028.38M 6,365.51M
Net income 2,294.03M 3,087.15M 4,237.98M 4,453.28M 4,395.12M
EBITDA 4,137.94M 5,819.83M 6,992.75M 8,123.28M 7,512.28M
Diluted EPS 3.43 4.62 6.34 6.67 6.58
Dividends Per Share 2.75 3.20 4.46 5.20 5
Total Assets 21,496.51M 25,396.73M 28,696.90M 30,893.41M 31,037.44M
Total liabilities 10,225.60M 12,973.14M 13,824.01M 15,434.99M 15,605.64M
Total equity 9,745.26M 10,852.99M 13,095.95M 13,845.71M 13,675.14M
Operating cash flow 3,890.71M 4,652.63M 6,870.10M 6,152.23M 5,203.60M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,285.26M 1,572.55M 1,757.37M 1,802.20M 1,927.29M
Gross Profit 239.65M 311.41M 358.07M 402.74M 427.22M
Operating income 98.73M 149.40M 174.76M 199.89M 191.28M
Income before tax 112.28M 165.02M 194.98M 217.92M 209.23M
Net income 77.28M 101.87M 133.46M 138.08M 144.46M
EBITDA 139.41M 192.05M 220.21M 251.87M 246.93M
Diluted EPS 0.11 0.15 0.19 0.20 0.21
Dividends Per Share 0.09 0.10 0.14 0.16 0.16
Total Assets 721.27M 803.64M 873.65M 958.55M 1,042.97M
Total liabilities 343.10M 410.51M 420.86M 478.91M 524.40M
Total equity 326.98M 343.42M 398.69M 429.60M 459.53M
Operating cash flow 131.08M 153.53M 216.35M 190.76M 171.04M

Valuation Measures

Dec 2017
PER20.59
ROA14.19%
ROE31.94%
Operating margin9.92%
Profit margin7.49%

Key executives

  • General Manager & Director: Chien Hung Wang
  • Head-Finance & Accounting: Li Chin Chen
  • Director & General Manager-First Business Division: Chao Chi Chen
  • Deputy General Manager-First Business Division: Po Ya Yu
  • Director & GM-Second Business Division: Chien Jung Wang

Shareholders

  • WANG CHIU HSIUNG (11.0%)
  • WANG LIU MEI HUI (10.8%)
  • CHEN HUI LING (6.4%)
  • CHEN SHIH JUNG (3.9%)
  • CHEN WANG TSAI YUN (3.8%)
  • Feng Tay Wen Chiao Fundation (3.0%)
  • Feng Kuang Investment Co. Ltd. /Tw/ (2.8%)
  • WANG CHIEN HUNG (2.8%)
  • WANG CHIEN JUNG (2.8%)
  • WANG LI CHUAN (2.7%)

Contact Details

  • Website:http://www.fengtay.com
  • Address: No. 52, Kegong 8th Road, Yunlin County, Douliu, 640 64, Taiwan
  • Phone: +886.5.5379100

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Competitors

    Last Updated on 15 Nov, 2018

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