Ideal Bike
Ideal Bike Corporation manufactures and sells bicycles and related parts in China, Europe, Asia, America, and internationally. It engages in the manufacture, machining, assembly, and domestic sale of bicycles, indoor and outdoor sports vehicles, children's bicycles, mini scooters and their accessories and parts. The company was founded in 1980 and is headquartered in Taichung, Taiwan.
Ideal Bike (8933) - Net Assets
Latest net assets as of September 2025: NT$1.72 Billion TWD
Based on the latest financial reports, Ideal Bike (8933) has net assets worth NT$1.72 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.67 Billion) and total liabilities (NT$1.95 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.72 Billion |
| % of Total Assets | 46.86% |
| Annual Growth Rate | -2.55% |
| 5-Year Change | 60.38% |
| 10-Year Change | N/A |
| Growth Volatility | 29.51 |
Ideal Bike - Net Assets Trend (2017–2024)
This chart illustrates how Ideal Bike's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ideal Bike (2017–2024)
The table below shows the annual net assets of Ideal Bike from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.19 Billion | +2.19% |
| 2023-12-31 | NT$2.14 Billion | -10.73% |
| 2022-12-31 | NT$2.40 Billion | +20.18% |
| 2021-12-31 | NT$2.00 Billion | +46.29% |
| 2020-12-31 | NT$1.37 Billion | +11.06% |
| 2019-12-31 | NT$1.23 Billion | +9.55% |
| 2018-12-31 | NT$1.12 Billion | -57.23% |
| 2017-12-31 | NT$2.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ideal Bike'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 decreased by 249.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | NT$3.30 Billion | 150.87% |
| Total Equity | NT$2.19 Billion | 100.00% |
Ideal Bike Competitors by Market Cap
The table below lists competitors of Ideal Bike ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atrium Real Estate Investment Trust
KLSE:5130
|
$38.35 Million |
|
Medical Developments International Limited
PINK:MDDVF
|
$38.35 Million |
|
Sai Gon Mien Trung Beer JSC
VN:SMB
|
$38.35 Million |
|
Genomics BioSci & Tech. Co.Ltd.
TWO:4195
|
$38.36 Million |
|
Wooree Bio Co.Ltd
KQ:082850
|
$38.34 Million |
|
REDELFI SPA
F:B0Z
|
$38.33 Million |
|
Keep Inc.
F:WZ2
|
$38.33 Million |
|
Rossmax International Ltd
TWO:4121
|
$38.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ideal Bike's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,143,072,000 to 2,189,913,000, a change of 46,841,000 (2.2%).
- Net loss of 232,947,000 reduced equity.
- New share issuances of 220,000,000 increased equity.
- Other factors increased equity by 59,788,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-232.95 Million | -10.64% |
| Share Issuances | NT$220.00 Million | +10.05% |
| Other Changes | NT$59.79 Million | +2.73% |
| Total Change | NT$- | 2.19% |
Book Value vs Market Value Analysis
This analysis compares Ideal Bike'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: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.33x to 1.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$20.26 | NT$6.73 | x |
| 2018-12-31 | NT$6.96 | NT$6.73 | x |
| 2019-12-31 | NT$5.09 | NT$6.73 | x |
| 2020-12-31 | NT$5.61 | NT$6.73 | x |
| 2021-12-31 | NT$7.00 | NT$6.73 | x |
| 2022-12-31 | NT$7.96 | NT$6.73 | x |
| 2023-12-31 | NT$7.10 | NT$6.73 | x |
| 2024-12-31 | NT$6.70 | NT$6.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ideal Bike utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.79%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.01x
- Recent ROE (-10.64%) is above the historical average (-20.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1.29% | -0.78% | 0.70x | 2.35x | NT$-294.61 Million |
| 2018 | -137.26% | -38.68% | 0.81x | 4.36x | NT$-1.63 Billion |
| 2019 | -19.54% | -5.92% | 0.87x | 3.77x | NT$-363.25 Million |
| 2020 | 0.82% | 0.28% | 0.90x | 3.26x | NT$-125.38 Million |
| 2021 | 4.13% | 1.79% | 0.88x | 2.62x | NT$-117.16 Million |
| 2022 | 13.93% | 5.98% | 0.85x | 2.73x | NT$94.29 Million |
| 2023 | -13.59% | -7.97% | 0.69x | 2.48x | NT$-505.54 Million |
| 2024 | -10.64% | -8.79% | 0.60x | 2.01x | NT$-451.94 Million |
Industry Comparison
This section compares Ideal Bike's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,711,263,600
- Average return on equity (ROE) among peers: -0.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ideal Bike (8933) | NT$1.72 Billion | -1.29% | 1.13x | $38.34 Million |
| Trk Corp (1432) | $469.66 Million | -24.18% | 3.77x | $34.47 Million |
| Rexon Industrial Corp Ltd (1515) | $2.33 Billion | 4.56% | 1.33x | $101.55 Million |
| Sun Race Sturmey-Archer Inc (1526) | $654.76 Million | 0.00% | 1.33x | $22.79 Million |
| Chi Hua Fitness Co Ltd (1593) | $876.47 Million | 13.62% | 0.20x | $29.76 Million |
| Dyaco International Inc (1598) | $4.06 Billion | -2.33% | 1.94x | $63.34 Million |
| Johnson Health Tech Co Ltd (1736) | $9.38 Billion | 1.06% | 2.76x | $347.60 Million |
| World Fitness Services Ltd (2762) | $2.90 Billion | 1.10% | 5.19x | $22.31K |
| Topkey Corp (4536) | $2.93 Billion | 17.26% | 1.06x | $305.91 Million |
| Brogent Technologies (5263) | $2.90 Billion | 8.87% | 0.45x | $129.86 Million |
| Janfusun Fancyworld (5701) | $609.74 Million | -22.48% | 3.77x | $9.21 Million |