Ideal Bike (8933) - Net Assets
Based on the latest financial reports, Ideal Bike (8933) has net assets worth NT$1.72 Billion TWD (≈ $54.22 Million USD) 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 ≈ $115.71 Million USD) and total liabilities (NT$1.95 Billion ≈ $61.49 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. Check 8933 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Ideal Bike balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Ideal Bike (2017–2024)
The table below shows the annual net assets of Ideal Bike from 2017 to 2024. For live valuation and market cap data, see Ideal Bike (8933) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 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 |
|---|---|
|
Cyclopharm Ltd
AU:CYC
|
$61.87 Million |
|
Samsung Publis
KO:068290
|
$61.87 Million |
|
AFC Gamma Inc
NASDAQ:AFCG
|
$61.88 Million |
|
Cinclus Pharma
ST:CINPHA
|
$61.90 Million |
|
Klimasan Klima Sanayi ve Ticaret AS
IS:KLMSN
|
$61.84 Million |
|
LGMS Berhad
KLSE:0249
|
$61.82 Million |
|
INFAC Corporation
KO:023810
|
$61.80 Million |
|
PUBLIC POLICY HO.COM 144A
F:PD7
|
$61.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ideal Bike's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,143,072,000 to 2,189,913,000, a change of 46,841,000 (2.2%).
- Net loss of 232,947,000 reduced equity.
- New share issuances of 220,000,000 increased equity.
- Other factors increased equity by 59,788,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-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: 0.90x
- 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 0.30x to 0.90x 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$6.01 | x |
| 2018-12-31 | NT$6.96 | NT$6.01 | x |
| 2019-12-31 | NT$5.09 | NT$6.01 | x |
| 2020-12-31 | NT$5.61 | NT$6.01 | x |
| 2021-12-31 | NT$7.00 | NT$6.01 | x |
| 2022-12-31 | NT$7.96 | NT$6.01 | x |
| 2023-12-31 | NT$7.10 | NT$6.01 | x |
| 2024-12-31 | NT$6.70 | NT$6.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ideal Bike utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.79%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.01x
- Recent ROE (-10.64%) is above the historical average (-20.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1.29% | -0.78% | 0.70x | 2.35x | NT$-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: $2,716,491,800
- Average return on equity (ROE) among peers: 5.56%
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 | $61.86 Million |
| Trk Corp (1432) | $799.85 Million | 0.00% | 4.58x | $57.33 Million |
| Rexon Industrial Corp Ltd (1515) | $2.96 Billion | 0.00% | 1.40x | $125.21 Million |
| Sun Race Sturmey-Archer Inc (1526) | $602.98 Million | 12.05% | 1.17x | $30.91 Million |
| Chi Hua Fitness Co Ltd (1593) | $794.85 Million | 12.58% | 0.28x | $39.23 Million |
| Dyaco International Inc (1598) | $4.95 Billion | 1.45% | 1.25x | $108.99 Million |
| Johnson Health Tech Co Ltd (1736) | $2.41 Billion | 31.37% | 1.31x | $1.17 Billion |
| Topkey Corp (4536) | $5.99 Billion | 13.88% | 0.88x | $427.77 Million |
| Brogent Technologies (5263) | $2.81 Billion | 9.47% | 0.24x | $207.84 Million |
| Janfusun Fancyworld (5701) | $764.15 Million | -25.17% | 3.07x | $15.36 Million |
| Fusheng Precision Co Ltd (6670) | $5.08 Billion | 0.00% | 1.45x | $1.10 Billion |
About 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.