Ideal Bike Net Assets
Ideal Bike net assets. Based on the latest financial reports, Ideal Bike (8933) has net assets worth NT$1.53 Billion TWD (≈ $48.33 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$3.93 Billion ≈ $123.68 Million USD) and total liabilities (NT$2.39 Billion ≈ $75.35 Million USD). 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. See Ideal Bike (8933) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.53 Billion |
| % of Total Assets | 39.08% |
| Annual Growth Rate | -5.34% |
| 5-Year Change | -15.32% |
| 10-Year Change | N/A |
| Growth Volatility | 28.89 |
Net Assets of Ideal Bike (2017–2025)
Net assets of Ideal Bike from 2017 to 2025. This chart illustrates how Ideal Bike's net assets have evolved over time, based on quarterly financial data. Also explore how fast is Ideal Bike growing its equity to track the company's year-over-year net asset growth rate.
Annual Net Assets for Ideal Bike (2017–2025)
The table below shows the annual net assets of Ideal Bike from 2017 to 2025. For live market cap and overall valuation, see 8933 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$1.69 Billion ≈ $53.29 Million |
-22.76% |
| 2024-12-31 | NT$2.19 Billion ≈ $68.99 Million |
+2.19% |
| 2023-12-31 | NT$2.14 Billion ≈ $67.52 Million |
-10.73% |
| 2022-12-31 | NT$2.40 Billion ≈ $75.63 Million |
+20.18% |
| 2021-12-31 | NT$2.00 Billion ≈ $62.93 Million |
+46.29% |
| 2020-12-31 | NT$1.37 Billion ≈ $43.02 Million |
+11.06% |
| 2019-12-31 | NT$1.23 Billion ≈ $38.74 Million |
+9.55% |
| 2018-12-31 | NT$1.12 Billion ≈ $35.36 Million |
-57.23% |
| 2017-12-31 | NT$2.62 Billion ≈ $82.67 Million |
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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 360.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Ideal Bike Net Assets Breakdown (December 2025)
Ideal Bike net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | NT$3.27 Billion | 193.16% |
| Other Components | NT$359.28 Million | 21.24% |
| Total Equity | NT$1.69 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 |
|---|---|
|
Gmb Korea
KO:013870
|
$46.01 Million |
|
Burberry Group PLC
LSE:BRBY
|
$46.02 Million |
|
Viscom AG
XETRA:V6C
|
$46.02 Million |
|
Gunawan Dianjaya Steel Tbk
JK:GDST
|
$46.03 Million |
|
Global Knafaim Leasing Ltd
TA:GKL
|
$46.01 Million |
|
Aeye Inc
NASDAQ:LIDR
|
$45.99 Million |
|
Taiwan Taffeta Fabric Co Ltd
TW:1454
|
$45.98 Million |
|
Eksun Gida Tarim Sanayi ve Ticaret A.S.
IS:EKSUN
|
$45.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ideal Bike's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,189,913,000 to 1,691,490,000, a change of -498,423,000 (-22.8%).
- Net loss of 452,687,000 reduced equity.
- Other factors decreased equity by 45,736,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-452.69 Million | -26.76% |
| Other Changes | NT$-45.74 Million | -2.7% |
| Total Change | NT$- | -22.76% |
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: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.22x to 0.86x 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$4.47 | x |
| 2018-12-31 | NT$6.96 | NT$4.47 | x |
| 2019-12-31 | NT$7.91 | NT$4.47 | x |
| 2020-12-31 | NT$5.61 | NT$4.47 | x |
| 2021-12-31 | NT$7.00 | NT$4.47 | x |
| 2022-12-31 | NT$7.96 | NT$4.47 | x |
| 2023-12-31 | NT$7.14 | NT$4.47 | x |
| 2024-12-31 | NT$6.96 | NT$4.47 | x |
| 2025-12-31 | NT$5.19 | NT$4.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ideal Bike utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -26.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.62%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.29x
- Recent ROE (-26.76%) is below the historical average (-21.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1.29% | -0.78% | 0.70x | 2.35x | NT$-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$-451.94 Million |
| 2025 | -26.76% | -20.62% | 0.57x | 2.29x | NT$-621.84 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: $4,333,727,700
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ideal Bike (8933) | NT$1.53 Billion | -1.29% | 1.56x | $46.01 Million |
| Trk Corp (1432) | $789.16 Million | 7.63% | 5.17x | $50.70 Million |
| Rexon Industrial Corp Ltd (1515) | $1.72 Billion | 0.00% | 1.97x | $154.37 Million |
| Sun Race Sturmey-Archer Inc (1526) | $417.57 Million | 3.26% | 1.25x | $30.91 Million |
| Chi Hua Fitness Co Ltd (1593) | $805.60 Million | 14.19% | 0.31x | $38.73 Million |
| Dyaco International Inc (1598) | $4.47 Billion | -12.57% | 1.29x | $98.61 Million |
| Johnson Health Tech Co Ltd (1736) | $9.48 Billion | 2.37% | 3.10x | $1.18 Billion |
| Topkey Corp (4536) | $5.43 Billion | 15.94% | 0.82x | $433.49 Million |
| Brogent Technologies (5263) | $4.00 Billion | 1.84% | 0.36x | $199.79 Million |
| Janfusun Fancyworld (5701) | $3.80 Billion | 0.00% | 0.74x | $17.57 Million |
| Fusheng Precision Co Ltd (6670) | $12.43 Billion | 19.34% | 0.61x | $1.14 Billion |
About Ideal Bike
Ideal Bike Corporation manufactures and sells bicycles and related parts in China, Europe, Asia, America, and internationally. It also 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.