Ideal Bike（8933）株式概要理想自転車株式会社は、中国、ヨーロッパ、アジア、アメリカ、オセアニア、そして国際的に自転車と関連部品を製造・販売している。 詳細8933 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性5/6配当金0/6リスク分析過去5年間で収益は年間57.2%減少しました。 意味のある時価総額がありません ( NT$1B )すべてのリスクチェックを見る8933 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW487,586 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA487,586 investors already sharing narrativesYour Fair ValueNT$Current PriceNT$4.4278.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b6b2016201920222025202620282031Revenue NT$835.1mEarnings NT$65.8mAdvancedSet Fair ValueView all narrativesIdeal Bike Corporation 競合他社Sun Race Sturmey-ArcherSymbol: TWSE:1526Market cap: NT$1.1bLee Chi EnterprisesSymbol: TWSE:1517Market cap: NT$2.6bAxman EnterpriseSymbol: TPEX:6804Market cap: NT$897.8mDynamic Precision IndustrySymbol: TPEX:8928Market cap: NT$1.2b価格と性能株価の高値、安値、推移の概要Ideal Bike過去の株価現在の株価NT$4.4252週高値NT$9.4952週安値NT$4.19ベータ-0.261ヶ月の変化-2.00%3ヶ月変化-27.06%1年変化-30.39%3年間の変化-56.02%5年間の変化-63.17%IPOからの変化-64.45%最新ニュースBoard Change • Jul 06Less than half of directors are independentFollowing 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 Lin Wen-Yi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 19First 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 13Full 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.お知らせ • Mar 11Ideal Bike Corporation, Annual General Meeting, May 29, 2026Ideal 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 TaiwanNew Risk • Jan 23New minor risk - Share price stabilityThe 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 12Third 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.最新情報をもっと見るRecent updatesBoard Change • Jul 06Less than half of directors are independentFollowing 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 Lin Wen-Yi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 19First 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 13Full 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.お知らせ • Mar 11Ideal Bike Corporation, Annual General Meeting, May 29, 2026Ideal 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 TaiwanNew Risk • Jan 23New minor risk - Share price stabilityThe 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 12Third 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 16Second 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 15First 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.お知らせ • May 03Ideal Bike Corporation to Report Q1, 2025 Results on May 12, 2025Ideal Bike Corporation announced that they will report Q1, 2025 results on May 12, 2025Reported Earnings • Mar 15Full 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.お知らせ • Mar 12Ideal Bike Corporation, Annual General Meeting, May 29, 2025Ideal 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お知らせ • Mar 01Ideal Bike Corporation to Report Fiscal Year 2024 Results on Mar 10, 2025Ideal Bike Corporation announced that they will report fiscal year 2024 results on Mar 10, 2025Reported Earnings • Nov 17Third 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 17Second 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.お知らせ • Aug 10Ideal Bike Corporation Announces Members of the 6Th Remuneration CommitteeIdeal 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.お知らせ • Aug 02Ideal Bike Corporation to Report Q2, 2024 Results on Aug 09, 2024Ideal Bike Corporation announced that they will report Q2, 2024 results on Aug 09, 2024Board Change • Jun 06High number of new directorsThere 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.お知らせ • May 31Ideal Bike Corporation Announces Executive ChangesIdeal 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 27New minor risk - Shareholder dilutionThe 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 18First 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.お知らせ • May 17Ideal 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お知らせ • Apr 28Ideal Bike Corporation to Report Q1, 2024 Results on May 03, 2024Ideal Bike Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 03, 2024Reported Earnings • Mar 19Full 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.お知らせ • Mar 14Ideal Bike Corporation, Annual General Meeting, May 30, 2024Ideal 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.お知らせ • Nov 11Ideal 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 OfferingNew Risk • Aug 20New minor risk - Profit margin trendThe 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 18New minor risk - Market cap sizeThe 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 16Full 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 14Investor 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 16Less than half of directors are independentFollowing 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 10Third 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 18Investor sentiment improved over the past weekAfter 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 29Investor sentiment deteriorated over the past weekAfter 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 14Investor sentiment improved over the past weekAfter 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 25Investor sentiment improved over the past weekAfter 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 17Second 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.お知らせ • Jul 01Ideal Bike Corporation Announces Appointment of Liu,Kun-Tien as Remuneration CommitteeIdeal 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.お知らせ • Jun 10+ 1 more updateIdeal Bike Corporation Announces Appointment of Liu,Kun-Tien as Independent DirectorIdeal Bike Corporation announced that the newly elected independent director. Title and name of the new position holder: Independent director Liu,Kun-Tien. Resume of the new position holder: Chaoho International Attorney-at-law Attorney-at-law. The effective date of appointment is June 09, 2022.Reported Earnings • May 16First 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 27Less than half of directors are independentThere 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 28Full 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 15Third 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 15Second 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 15First 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.分析記事 • Apr 06Does Ideal Bike (GTSM:8933) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Mar 31Full 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 12New 90-day high: NT$12.45The 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 29New 90-day low: NT$10.10The 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.分析記事 • Jan 28Can You Imagine How Ideal Bike's (GTSM:8933) Shareholders Feel About The 60% Share Price Increase?It hasn't been the best quarter for Ideal Bike Corporation ( GTSM:8933 ) shareholders, since the share price has fallen...Is New 90 Day High Low • Jan 05New 90-day low: NT$11.70The 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.分析記事 • Dec 23Ideal Bike (GTSM:8933) Is Making Moderate Use Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Nov 18Are Ideal Bike's (GTSM:8933) Statutory Earnings A Good Guide To Its Underlying Profitability?As a general rule, we think profitable companies are less risky than companies that lose money. Having said that...Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.10The 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.株主還元8933TW LeisureTW 市場7D-1.6%-0.8%2.1%1Y-30.4%-11.0%84.8%株主還元を見る業界別リターン: 8933過去 1 年間で-11 % の収益を上げたTW Leisure業界を下回りました。リターン対市場: 8933は、過去 1 年間で84.8 % のリターンを上げたTW市場を下回りました。価格変動Is 8933's price volatile compared to industry and market?8933 volatility8933 Average Weekly Movement8.3%Leisure Industry Average Movement4.4%Market Average Movement6.3%10% most volatile stocks in TW Market11.9%10% least volatile stocks in TW Market2.7%安定した株価: 8933 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 8933の 週次ボラティリティ ( 8% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1980n/aChing-Wang Chenwww.idealbike.com.tw株式会社イデアルバイクは中国、ヨーロッパ、アジア、アメリカ、オセアニア、国際的に自転車と関連部品を製造、販売している。自転車、屋内外トレーニング用自転車、子供用自転車、ミニスクーター、およびそれらの部品や付属品の製造、加工、組立、国内販売に従事。1980年に設立され、本社は台湾の台中にある。もっと見るIdeal Bike Corporation 基礎のまとめIdeal Bike の収益と売上を時価総額と比較するとどうか。8933 基礎統計学時価総額NT$1.44b収益（TTM）-NT$479.78m売上高(TTM)NT$1.94b0.7xP/Sレシオ-3.0xPER（株価収益率8933 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計8933 損益計算書（TTM）収益NT$1.94b売上原価NT$2.02b売上総利益-NT$79.78mその他の費用NT$400.00m収益-NT$479.78m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-1.47グロス・マージン-4.12%純利益率-24.76%有利子負債／自己資本比率104.8%8933 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/27 17:50終値2026/07/27 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ideal Bike Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Board Change • Jul 06Less than half of directors are independentFollowing 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 Lin Wen-Yi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 19First 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 13Full 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.
お知らせ • Mar 11Ideal Bike Corporation, Annual General Meeting, May 29, 2026Ideal 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 23New minor risk - Share price stabilityThe 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 12Third 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.
Board Change • Jul 06Less than half of directors are independentFollowing 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 Lin Wen-Yi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 19First 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 13Full 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.
お知らせ • Mar 11Ideal Bike Corporation, Annual General Meeting, May 29, 2026Ideal 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 23New minor risk - Share price stabilityThe 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 12Third 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 16Second 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 15First 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.
お知らせ • May 03Ideal Bike Corporation to Report Q1, 2025 Results on May 12, 2025Ideal Bike Corporation announced that they will report Q1, 2025 results on May 12, 2025
Reported Earnings • Mar 15Full 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.
お知らせ • Mar 12Ideal Bike Corporation, Annual General Meeting, May 29, 2025Ideal 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
お知らせ • Mar 01Ideal Bike Corporation to Report Fiscal Year 2024 Results on Mar 10, 2025Ideal Bike Corporation announced that they will report fiscal year 2024 results on Mar 10, 2025
Reported Earnings • Nov 17Third 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 17Second 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.
お知らせ • Aug 10Ideal Bike Corporation Announces Members of the 6Th Remuneration CommitteeIdeal 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.
お知らせ • Aug 02Ideal Bike Corporation to Report Q2, 2024 Results on Aug 09, 2024Ideal Bike Corporation announced that they will report Q2, 2024 results on Aug 09, 2024
Board Change • Jun 06High number of new directorsThere 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.
お知らせ • May 31Ideal Bike Corporation Announces Executive ChangesIdeal 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 27New minor risk - Shareholder dilutionThe 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 18First 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.
お知らせ • May 17Ideal 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
お知らせ • Apr 28Ideal Bike Corporation to Report Q1, 2024 Results on May 03, 2024Ideal Bike Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 03, 2024
Reported Earnings • Mar 19Full 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.
お知らせ • Mar 14Ideal Bike Corporation, Annual General Meeting, May 30, 2024Ideal 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.
お知らせ • Nov 11Ideal 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 20New minor risk - Profit margin trendThe 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 18New minor risk - Market cap sizeThe 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 16Full 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 14Investor 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 16Less than half of directors are independentFollowing 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 10Third 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 18Investor sentiment improved over the past weekAfter 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 29Investor sentiment deteriorated over the past weekAfter 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 14Investor sentiment improved over the past weekAfter 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 25Investor sentiment improved over the past weekAfter 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 17Second 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.
お知らせ • Jul 01Ideal Bike Corporation Announces Appointment of Liu,Kun-Tien as Remuneration CommitteeIdeal 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.
お知らせ • Jun 10+ 1 more updateIdeal Bike Corporation Announces Appointment of Liu,Kun-Tien as Independent DirectorIdeal Bike Corporation announced that the newly elected independent director. Title and name of the new position holder: Independent director Liu,Kun-Tien. Resume of the new position holder: Chaoho International Attorney-at-law Attorney-at-law. The effective date of appointment is June 09, 2022.
Reported Earnings • May 16First 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 27Less than half of directors are independentThere 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 28Full 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 15Third 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 15Second 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 15First 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.
分析記事 • Apr 06Does Ideal Bike (GTSM:8933) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Mar 31Full 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 12New 90-day high: NT$12.45The 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 29New 90-day low: NT$10.10The 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.
分析記事 • Jan 28Can You Imagine How Ideal Bike's (GTSM:8933) Shareholders Feel About The 60% Share Price Increase?It hasn't been the best quarter for Ideal Bike Corporation ( GTSM:8933 ) shareholders, since the share price has fallen...
Is New 90 Day High Low • Jan 05New 90-day low: NT$11.70The 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.
分析記事 • Dec 23Ideal Bike (GTSM:8933) Is Making Moderate Use Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Nov 18Are Ideal Bike's (GTSM:8933) Statutory Earnings A Good Guide To Its Underlying Profitability?As a general rule, we think profitable companies are less risky than companies that lose money. Having said that...
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS NT$0.10The 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.
