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Smaller Taiwanese contract footwear manufacturer supplying athletic and casual shoes to global brands.
Smaller Taiwanese contract footwear manufacturer supplying athletic and casual shoes to global brands.
Moat: none (scale). Small contract manufacturer in a scale-driven, low-margin industry.
Headquarters: Changhua, Taiwan
Size Lai Yih Footwear (6890.TW) is a Taiwan Consumer Discretionary company (Apparel/Footwear) with a market value of $1.11B, the 247th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$147.00 on 6 Nov 2026.
Performance Over six months the shares fell 7.0%, against -5.9% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 11.3% over the last twelve months (peer median +9.1%); the operating margin is 8.3% (peer median 7.8%).
Valuation It trades at 12.0× forward earnings against a peer median of 29.4× (4th cheapest of 17).
Capital Return on invested capital runs 5.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$36.5B | NT$39.6B | NT$37.7B | NT$28.0B | NT$31.3B |
| Revenue growth | — | +5% | +35% | -11% | — |
| Gross profit | NT$5.54B | NT$6.35B | NT$7.46B | NT$3.77B | NT$5.69B |
| EBITDA | NT$4.26B | NT$5.09B | NT$6.06B | NT$2.97B | NT$4.71B |
| Net income | NT$2.60B | NT$3.25B | NT$3.82B | NT$1.38B | NT$2.51B |
| Free cash flow | -NT$2.01M | NT$2.26B | -NT$2.62B | -NT$253M | NT$489M |
| Capital expenditure | NT$1.71B | NT$1.57B | NT$2.56B | NT$2.54B | NT$1.46B |
| Total debt | NT$4.92B | NT$6.93B | NT$3.76B | NT$4.19B | NT$3.95B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lai Yih Footwear 6890.TW | $1.11B | -7% | -11% | 8% | 12.0× | n/a |
| Pou Chen 9904.TW | $2.29B | 0% | -7% | 3% | 7.3× | 5.9% |
| Feng Tay Enterprise 9910.TW | $2.08B | 0% | -4% | 7% | 15.0× | -5.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6890.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -5.1% | 10th highest of 21 |
| 6-month return | -7.0% | -5.9% | 11th highest of 21 |
| Distance from 52-week high | -51.1% | -38.0% | 5th lowest of 21 |
| Revenue growth (TTM) | -11.3% | +9.1% | 2nd lowest of 21 |
| Operating margin | 8.3% | 7.8% | 10th highest of 21 |
| Forward P/E | 12.0× | 29.4× | 4th cheapest of 17 |
| ROIC minus cost of capital | +5.1 pp | +0.9 pp | 7th highest of 21 |
| EV / EBITDA | 8.5× | 10.0× | 5th cheapest of 11 |
| Net debt / EBITDA | -0.3× | -0.8× | 4th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lai Yih Footwear 6890.TW | Taiwan | $1.11B | -7% | -11% | 8% | 12.0× | n/a | n/a |
| Guangdong Golden Dragon Development 000712.SZ | China | $1.12B | -20% | -3% | -20% | n/a | n/a | n/a |
| Jihua 601718.SS | China | $1.10B | -43% | -22% | -10% | n/a | n/a | n/a |
| Human Made 456A.T | Japan | $1.10B | +39% | +27% | 30% | 45.5× | 7.7% | n/a |
| Jiangsu Hongdou Industrial 600400.SS | China | $1.06B | +11% | +22% | -9% | 102.3× | 13.7% | -1.3% |
| Topscore Fashion 603608.SS | China | $1.05B | +28% | +9% | 4% | n/a | 51.6% | -9.4% |
| Lancy 002612.SZ | China | $1.19B | +11% | +9% | 10% | 22.4× | -1.2% | +15.9% |
| Dazzle Fashion 603587.SS | China | $1.03B | +10% | +7% | 16% | 22.1× | -9.2% | -3.5% |
| Toread 300005.SZ | China | $1.21B | -45% | +22% | -1% | 60.7× | n/a | n/a |
| Wacoal 3591.T | Japan | $1.21B | -21% | +2% | -1% | 36.5× | 35.7% | +2.4% |
| Salvatore Ferragamo SFER.MI | Italy | $1.22B | -19% | -2% | 3% | 202.8× | 22.5% | +2.2% |
| Zhonghong Pulin Medical Products 300981.SZ | China | $990M | +5% | +11% | 9% | n/a | -1.7% | -13.1% |
| Tayho Advanced Materials 002254.SZ | China | $1.26B | -13% | +6% | -2% | 70.6× | 10.1% | +8.1% |
| JOEONE 601566.SS | China | $975M | +4% | +1% | 6% | 52.6× | -2.9% | +2.1% |
| Xtep International 1368.HK | Hong Kong | $1.27B | -16% | +10% | 10% | 7.7× | -10.3% | +10.8% |
| Shanghai Puyuan Chemical Materials 603196.SS | China | $964M | -46% | +78% | 12% | 19.9× | 16.2% | -0.2% |
| Pearl Global Industries PGIL.NS | India | $1.31B | +51% | +14% | 8% | 36.9× | 25.0% | +27.5% |
| 361 Degrees International 1361.HK | Hong Kong | $1.34B | -11% | +13% | 14% | 6.1× | -20.3% | +16.0% |
| G-III Apparel GIII | United States | $1.35B | -1% | -9% | 8% | 13.0× | -9.5% | +7.5% |
| New Wave NEWA-B.ST | Sweden | $1.36B | +4% | +9% | 11% | 14.4× | n/a | n/a |
| YoungoneHoldings 009970.KS | South Korea | $1.42B | -11% | +14% | 15% | 6.5× | n/a | n/a |