Feng Tay Enterprises Co., Ltd.

TWSE:9910 Stock Report

Market Cap: NT$125.9b

Feng Tay Enterprises Valuation

Is 9910 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 9910 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NT$148.47
Fair Value
14.1% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: 9910 (NT$127.5) is trading below our estimate of fair value (NT$148.47)

Significantly Below Fair Value: 9910 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9910?

Key metric: As 9910 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9910. This is calculated by dividing 9910's market cap by their current earnings.
What is 9910's PE Ratio?
PE Ratio22.4x
EarningsNT$5.62b
Market CapNT$125.90b

Price to Earnings Ratio vs Peers

How does 9910's PE Ratio compare to its peers?

The above table shows the PE ratio for 9910 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.1x
9904 Pou Chen
7.7x11.5%NT$106.7b
6890 Lai Yih Footwear
36.7x29.9%NT$118.2b
6768 Sports Gear
19x30.8%NT$24.7b
9802 Fulgent Sun International (Holding)
28.9xn/aNT$24.7b
9910 Feng Tay Enterprises
22.4x13.1%NT$125.9b

Price-To-Earnings vs Peers: 9910 is good value based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

How does 9910's PE Ratio compare vs other companies in the TW Luxury Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1446 Hong Ho Precision TextileLtd
3.8xn/aUS$160.11m
1445 Universal Textile
2.3xn/aUS$65.45m
4420 Kwang Ming Silk Mill
1.1xn/aUS$64.97m
No more companies available in this PE range
9910 22.4xIndustry Avg. 23.0xNo. of Companies10PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9910 is good value based on its Price-To-Earnings Ratio (22.4x) compared to the TW Luxury industry average (23x).

Price to Earnings Ratio vs Fair Ratio

What is 9910's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9910 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.4x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: 9910 is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 9910 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$127.50
NT$155.23
+21.7%
19.4%NT$215.00NT$109.00n/a13
Jan ’26NT$133.00
NT$155.23
+16.7%
19.4%NT$215.00NT$109.00n/a13
Dec ’25NT$131.00
NT$152.77
+16.6%
19.7%NT$215.00NT$109.00n/a13
Nov ’25NT$138.00
NT$153.54
+11.3%
19.8%NT$215.00NT$115.00n/a13
Oct ’25NT$152.50
NT$153.54
+0.7%
19.8%NT$215.00NT$115.00n/a13
Sep ’25NT$146.00
NT$157.69
+8.0%
21.1%NT$215.00NT$115.00n/a13
Aug ’25NT$141.00
NT$160.23
+13.6%
20.9%NT$215.00NT$115.00n/a13
Jul ’25NT$145.50
NT$169.15
+16.3%
16.4%NT$215.00NT$133.00n/a13
Jun ’25NT$154.50
NT$173.46
+12.3%
17.7%NT$225.00NT$133.00n/a13
May ’25NT$162.00
NT$181.31
+11.9%
20.1%NT$255.00NT$133.00n/a13
Apr ’25NT$160.50
NT$186.69
+16.3%
19.6%NT$255.00NT$133.00n/a13
Mar ’25NT$166.50
NT$189.41
+13.8%
19.6%NT$255.00NT$133.00n/a13
Feb ’25NT$164.00
NT$192.02
+17.1%
18.9%NT$255.00NT$135.00n/a13
Jan ’25NT$175.00
NT$190.51
+8.9%
18.1%NT$255.00NT$140.00NT$133.0013
Dec ’24NT$182.50
NT$191.66
+5.0%
18.7%NT$255.00NT$140.00NT$131.0013
Nov ’24NT$182.00
NT$193.65
+6.4%
17.2%NT$255.00NT$140.00NT$138.0013
Oct ’24NT$183.00
NT$192.21
+5.0%
18.0%NT$255.00NT$140.00NT$152.5013
Sep ’24NT$172.50
NT$184.51
+7.0%
14.0%NT$225.00NT$140.00NT$146.0013
Aug ’24NT$193.30
NT$188.60
-2.4%
12.5%NT$225.00NT$133.93NT$141.0013
Jul ’24NT$175.45
NT$186.98
+6.6%
13.6%NT$227.68NT$133.93NT$145.5012
Jun ’24NT$170.98
NT$177.20
+3.6%
16.1%NT$227.68NT$133.93NT$154.5013
May ’24NT$170.09
NT$179.33
+5.4%
17.3%NT$228.57NT$133.93NT$162.0013
Apr ’24NT$172.32
NT$179.67
+4.3%
17.5%NT$228.57NT$133.93NT$160.5013
Mar ’24NT$163.39
NT$178.78
+9.4%
17.6%NT$228.57NT$133.93NT$166.5013
Feb ’24NT$175.89
NT$179.12
+1.8%
17.4%NT$228.57NT$133.93NT$164.0013
Jan ’24NT$184.38
NT$175.34
-4.9%
16.5%NT$228.57NT$133.93NT$175.0013
Analyst Price Target
Consensus Narrative from 13 Analysts
NT$155.23
Fair Value
17.9% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/17 01:42
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Feng Tay Enterprises Co., Ltd. is covered by 27 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patricia LeeBNP Paribas Securities (Asia)
Jenny TsaiBNP Paribas Securities (Asia)
Ronald LeungBofA Global Research