Reported Earnings • May 19
First quarter 2026 earnings released: NT$0.30 loss per share (vs NT$0.22 loss in 1Q 2025) First quarter 2026 results: NT$0.30 loss per share (further deteriorated from NT$0.22 loss in 1Q 2025). Revenue: NT$486.7m (down 35% from 1Q 2025). Net loss: NT$97.7m (loss widened 38% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 13
Full year 2025 earnings released: NT$1.39 loss per share (vs NT$0.74 loss in FY 2024) Full year 2025 results: NT$1.39 loss per share (further deteriorated from NT$0.74 loss in FY 2024). Revenue: NT$2.19b (down 17% from FY 2024). Net loss: NT$452.7m (loss widened 94% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Annonce • Mar 11
Ideal Bike Corporation, Annual General Meeting, May 29, 2026 Ideal Bike Corporation, Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: 2 floor no,497, sec.1 kang pu rd., wuci district, taichung city Taiwan New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$2.71b market cap, or US$85.8m). Reported Earnings • Nov 12
Third quarter 2025 earnings released: NT$0.38 loss per share (vs NT$0.15 loss in 3Q 2024) Third quarter 2025 results: NT$0.38 loss per share (further deteriorated from NT$0.15 loss in 3Q 2024). Revenue: NT$452.5m (down 19% from 3Q 2024). Net loss: NT$125.4m (loss widened 148% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2025 earnings released: NT$0.50 loss per share (vs NT$0.083 loss in 2Q 2024) Second quarter 2025 results: NT$0.50 loss per share (further deteriorated from NT$0.083 loss in 2Q 2024). Revenue: NT$716.3m (flat on 2Q 2024). Net loss: NT$164.2m (loss widened NT$139.0m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.22 loss per share (vs NT$0.071 loss in 1Q 2024) First quarter 2025 results: NT$0.22 loss per share (further deteriorated from NT$0.071 loss in 1Q 2024). Revenue: NT$743.9m (up 19% from 1Q 2024). Net loss: NT$70.6m (loss widened 231% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Annonce • May 03
Ideal Bike Corporation to Report Q1, 2025 Results on May 12, 2025 Ideal Bike Corporation announced that they will report Q1, 2025 results on May 12, 2025 Reported Earnings • Mar 15
Full year 2024 earnings released: NT$0.74 loss per share (vs NT$0.96 loss in FY 2023) Full year 2024 results: NT$0.74 loss per share (improved from NT$0.96 loss in FY 2023). Revenue: NT$2.65b (down 28% from FY 2023). Net loss: NT$232.9m (loss narrowed 20% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annonce • Mar 12
Ideal Bike Corporation, Annual General Meeting, May 29, 2025 Ideal Bike Corporation, Annual General Meeting, May 29, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,497, sec.1 kang pu rd., wuci district, taichung city Taiwan Annonce • Mar 01
Ideal Bike Corporation to Report Fiscal Year 2024 Results on Mar 10, 2025 Ideal Bike Corporation announced that they will report fiscal year 2024 results on Mar 10, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: NT$0.15 loss per share (vs NT$0.15 loss in 3Q 2023) Third quarter 2024 results: NT$0.15 loss per share (in line with 3Q 2023). Revenue: NT$559.5m (down 49% from 3Q 2023). Net loss: NT$50.6m (loss widened 12% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.08 loss per share (vs NT$0.17 loss in 2Q 2023) Second quarter 2024 results: NT$0.08 loss per share (improved from NT$0.17 loss in 2Q 2023). Revenue: NT$719.5m (down 30% from 2Q 2023). Net loss: NT$25.2m (loss narrowed 51% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Annonce • Aug 10
Ideal Bike Corporation Announces Members of the 6Th Remuneration Committee Ideal Bike Corporation announced members of the 6th remuneration committee. Date of occurrence of the change: August 9, 2024. Name of the functional committees: Remuneration Committee . Name of the previous position holder: (1)LIN, WEN-YI (2)LIU, KUN-TIEN (3)HORNG, HORNG-CHYI . Resume of the previous position holder: (1)LIN, WEN-YI Associate Professor, Institute of Financial Law, Feng Chia University (2)LIU, KUN-TIEN Attorney-at-law(Chaoho International Attorney-at-law) (3)HORNG, HORNG-CHYI Department Chair, Industrial Engineering and Management, Chaoyang University of Technology . NaMe of the new position holder: (1)LIN, WEN-YI (2)CHIOU, SHEAN-JUINN (3)CHEN, SHIOU-YU . Resume of the new position holder: (1)LIN, WEN-YI Associate Professor, Institute of Financial Law, Feng Chia University (2)CHIOU, SHEAN-JUINN Associate Professor, Department of Mechanical Engineering, National Chung Hsing University (3)CHEN, SHIOU-YU Professor, Department of Shipping and Transportation Management, National Taiwan Ocean University . Circumstances of change: term expired . Reason for the change: term expired . Original term: July 20, 2021 to July 19, 2024 .Effective date of the new member: August 9, 2024. Annonce • Aug 02
Ideal Bike Corporation to Report Q2, 2024 Results on Aug 09, 2024 Ideal Bike Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 Board Change • Jun 06
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Director Hermes Chang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • May 31
Ideal Bike Corporation Announces Executive Changes Ideal Bike Corporation at the AGM held on May 30, 2024, the shareholders approved election of Chang, Yuan-Pin and Chang, Fang-Ming as Directors. The shareholders also approved appointment of Lin, Wen-Yi, Chiou, Shean-Juinn and Chen, Shiou-Yu as newly-elected independent directors. New Risk • May 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • May 18
First quarter 2024 earnings released: NT$0.07 loss per share (vs NT$0.17 loss in 1Q 2023) First quarter 2024 results: NT$0.07 loss per share (improved from NT$0.17 loss in 1Q 2023). Revenue: NT$627.4m (down 44% from 1Q 2023). Net loss: NT$21.4m (loss narrowed 59% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annonce • May 17
Ideal Bike Corporation has filed a Follow-on Equity Offering. Ideal Bike Corporation has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Security Name: Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Transaction Features: Rights Offering Annonce • Apr 28
Ideal Bike Corporation to Report Q1, 2024 Results on May 03, 2024 Ideal Bike Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 03, 2024 Reported Earnings • Mar 19
Full year 2023 earnings released: NT$0.97 loss per share (vs NT$1.11 profit in FY 2022) Full year 2023 results: NT$0.97 loss per share (down from NT$1.11 profit in FY 2022). Revenue: NT$3.65b (down 35% from FY 2022). Net loss: NT$291.2m (down 187% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Annonce • Mar 14
Ideal Bike Corporation, Annual General Meeting, May 30, 2024 Ideal Bike Corporation, Annual General Meeting, May 30, 2024. Location: Staff Cafeteria, 2F, No.497 Sec.1 Gangbu Rd., Wuqi Dist., Taichung City Taiwan Agenda: To consider 2023 business report; to consider Audit Committee's review of the 2023 annual final accounting ledgers and statements; to consider Discussion of amendments to the Company’s "thical Corporate Management Best Practice Principles"and "Code of Ethics and Conduct"; to consider Acknowledgment of the 2023 business report and financial statements; to consider Acknowledgment of the 2023 deficit compensation proposal; to consider Elections for every director and independent director of the board; and to consider Discussion to approve the lifting of non-competition restrictions for newly-appointed directors. Annonce • Nov 11
Ideal Bike Corporation has filed a Follow-on Equity Offering. Ideal Bike Corporation has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Transaction Features: Rights Offering New Risk • Aug 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 5.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (NT$3.09b market cap, or US$96.9m). New Risk • Jul 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.03b (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risk Market cap is less than US$100m (NT$3.03b market cap, or US$97.7m). Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: NT$1.11 (vs NT$0.29 in FY 2021) Full year 2022 results: EPS: NT$1.11 (up from NT$0.29 in FY 2021). Revenue: NT$5.59b (up 21% from FY 2021). Net income: NT$334.4m (up 305% from FY 2021). Profit margin: 6.0% (up from 1.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$13.50, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 9x in the Leisure industry in Taiwan. Total returns to shareholders of 264% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kun-Tien Liu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: NT$0.52 (vs NT$0.17 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.52 (up from NT$0.17 in 3Q 2021). Revenue: NT$1.69b (up 36% from 3Q 2021). Net income: NT$157.0m (up 218% from 3Q 2021). Profit margin: 9.3% (up from 4.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 152% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 16% share price gain to NT$23.00, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 10x in the Leisure industry in Taiwan. Total returns to shareholders of 276% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$17.95, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 10x in the Leisure industry in Taiwan. Total returns to shareholders of 241% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 19% share price gain to NT$22.70, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 11x in the Leisure industry in Taiwan. Total returns to shareholders of 248% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 15% share price gain to NT$14.65, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 12x in the Leisure industry in Taiwan. Total returns to shareholders of 135% over the past three years. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: NT$0.41 (vs NT$0.11 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.41 (up from NT$0.11 in 2Q 2021). Revenue: NT$1.30b (up 23% from 2Q 2021). Net income: NT$124.5m (up 365% from 2Q 2021). Profit margin: 9.6% (up from 2.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 147% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • Jul 01
Ideal Bike Corporation Announces Appointment of Liu,Kun-Tien as Remuneration Committee Ideal Bike Corporation announced that name of the functional committees: Remuneration Committee. Name of the new position holder: Liu,Kun-Tien. Resume of the new position holder: Attorney-at-law(Chaoho International Attorney-at-law). Reason for the change is By-election. Effective date of the new member is June 30, 2022. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.14 (vs NT$0.14 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.14 (up from NT$0.14 loss in 1Q 2021). Revenue: NT$1.13b (up 24% from 1Q 2021). Net income: NT$42.8m (up NT$76.6m from 1Q 2021). Profit margin: 3.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Lin Wen-Yi was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$0.29 (vs NT$0.047 in FY 2020) Full year 2021 results: EPS: NT$0.29 (up from NT$0.047 in FY 2020). Revenue: NT$4.61b (up 15% from FY 2020). Net income: NT$82.6m (up NT$71.4m from FY 2020). Profit margin: 1.8% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.16 (vs NT$0.10 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.24b (up 3.7% from 3Q 2020). Net income: NT$49.4m (up 105% from 3Q 2020). Profit margin: 4.0% (up from 2.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.09 (vs NT$0.085 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.06b (up 3.1% from 2Q 2020). Net income: NT$26.8m (up 35% from 2Q 2020). Profit margin: 2.5% (up from 1.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2021 earnings released: NT$0.14 loss per share (vs NT$0.004 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: NT$915.0m (up 17% from 1Q 2020). Net loss: NT$33.8m (down NT$34.9m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$0.046 (vs NT$1.55 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: NT$4.02b (flat on FY 2019). Net income: NT$11.2m (up NT$251.5m from FY 2019). Profit margin: 0.3% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 12
New 90-day high: NT$12.45 The company is up 3.0% from its price of NT$12.10 on 11 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: NT$10.10 The company is down 22% from its price of NT$12.90 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is flat over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: NT$11.70 The company is down 9.0% from its price of NT$12.90 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is flat over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.10 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.20b (up 20% from 3Q 2019). Net income: NT$24.1m (up NT$62.6m from 3Q 2019). Profit margin: 2.0% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. 