Asia300

Feng Tay Enterprise Co., Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 23, 2017
Prev close: 139.5
Aug 23, 2017
Market cap:
Market cap(USD):
93,177.66M
3,075.67M
Shares: 667.94M

Currency in TWD

Company profile

Market(Ticker): TAI(9910)
Sector:
Industry:
Consumer Durables
Automotive Aftermarket
Full time employees: --

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 Chiuhsiung Wang on July 29, 1971 and is headquartered in Yunlin, Taiwan.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 58,122.45M
Gross profit 12,988.74M
Operating income 6,446.88M
Income before tax 7,028.38M
Net income 4,453.28M
EBITDA 8,123.28M
Diluted EPS 6.67
Dividends per share 5.2
Total assets 30,893.41M
Total liabilities 15,434.99M
Total equity 13,845.71M
Operating cash flow 6,152.23M

Currency in TWD

Revenue 1,802.20M
Gross profit 402.74M
Operating income 199.89M
Income before tax 217.92M
Net income 138.08M
EBITDA 251.87M
Diluted EPS 0.20
Dividends per share 0.16
Total assets 958.55M
Total liabilities 478.91M
Total equity 429.60M
Operating cash flow 190.76M

Currency in USD

Valuation measures

Dec 2016

PER 18.06
ROA 14.94%
ROE 33.05%
Operating margin 11.09%
Profit margin 7.66%

Key executive

  • 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

Share holders

  • WANG CHIU HSIUNG(11.1%)
  • WANG LIU MEI HUI(10.8%)
  • CHEN HUI LING(6.4%)
  • CHEN SHIH JUNG(5.4%)
  • CHEN WANG TSAI YUN(5.0%)
  • 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(2.6%)

Address

  • Website: http://www.fengtay.com
  • Address: No. 52, Kegong 8th Road, Douliou, Yunlin, 640 64, Taiwan
  • Phone: +886.5.537.9100

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