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8933

Ideal Bike TPEX:8933 Stock Report

Last Price

NT$19.00

Market Cap

NT$5.7b

7D

-5.5%

1Y

81.0%

Updated

01 Oct, 2022

Data

Company Financials
8933 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

8933 Stock Overview

Ideal Bike Corporation manufactures and sells bicycles worldwide.

Ideal Bike Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ideal Bike
Historical stock prices
Current Share PriceNT$19.00
52 Week HighNT$24.95
52 Week LowNT$10.25
Beta1.59
1 Month Change4.11%
3 Month Change71.95%
1 Year Change80.95%
3 Year Change232.50%
5 Year Change18.75%
Change since IPO52.82%

Recent News & Updates

Shareholder Returns

8933TW LeisureTW Market
7D-5.5%-4.1%-5.0%
1Y81.0%-15.6%-18.0%

Return vs Industry: 8933 exceeded the TW Leisure industry which returned -15.6% over the past year.

Return vs Market: 8933 exceeded the TW Market which returned -18% over the past year.

Price Volatility

Is 8933's price volatile compared to industry and market?
8933 volatility
8933 Average Weekly Movement8.7%
Leisure Industry Average Movement5.8%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.3%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 8933 is more volatile than 90% of TW stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 8933's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of TW stocks.

About the Company

FoundedEmployeesCEOWebsite
1980n/aTim Linhttps://www.idealbike.com.tw

Ideal Bike Corporation manufactures and sells bicycles worldwide. The company offers indoor and outdoor training bicycles; kids’ bikes; mini scooters; and parts and accessories. Ideal Bike Corporation was founded in 1980 and is headquartered in Taichung, Taiwan.

Ideal Bike Fundamentals Summary

How do Ideal Bike's earnings and revenue compare to its market cap?
8933 fundamental statistics
Market CapNT$5.73b
Earnings (TTM)NT$256.91m
Revenue (TTM)NT$5.07b

22.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8933 income statement (TTM)
RevenueNT$5.07b
Cost of RevenueNT$4.37b
Gross ProfitNT$699.36m
Other ExpensesNT$442.45m
EarningsNT$256.91m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.85
Gross Margin13.80%
Net Profit Margin5.07%
Debt/Equity Ratio86.6%

How did 8933 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 8933 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8933?

Other financial metrics that can be useful for relative valuation.

8933 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA22.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 8933's PE Ratio compare to its peers?

8933 PE Ratio vs Peers
The above table shows the PE ratio for 8933 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.2x
1517 Leechi Machinery Industry
9.5xn/aNT$5.0b
8420 Launch Technologies
8.6xn/aNT$3.4b
4536 Topkey
10x-4.5%NT$14.2b
8467 Bonny Worldwide
8.6xn/aNT$2.6b
8933 Ideal Bike
22.3xn/aNT$5.7b

Price-To-Earnings vs Peers: 8933 is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the peer average (9.2x).


Price to Earnings Ratio vs Industry

How does 8933's PE Ratio compare vs other companies in the TW Leisure Industry?

Price-To-Earnings vs Industry: 8933 is expensive based on its Price-To-Earnings Ratio (22.3x) compared to the TW Leisure industry average (10.2x)


Price to Earnings Ratio vs Fair Ratio

What is 8933's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8933 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8933's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 8933 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 8933's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 8933's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Ideal Bike forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.9%

Forecasted Consumer Durables industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ideal Bike has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine Ideal Bike's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Ideal Bike performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 8933 has a high level of non-cash earnings.

Growing Profit Margin: 8933 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 8933 has become profitable over the past 5 years, growing earnings by 29.6% per year.

Accelerating Growth: 8933 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 8933 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Leisure industry (59.3%).


Return on Equity

High ROE: 8933's Return on Equity (11.6%) is considered low.


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Financial Health

How is Ideal Bike's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 8933's short term assets (NT$4.4B) exceed its short term liabilities (NT$3.0B).

Long Term Liabilities: 8933's short term assets (NT$4.4B) exceed its long term liabilities (NT$660.4M).


Debt to Equity History and Analysis

Debt Level: 8933's net debt to equity ratio (54.3%) is considered high.

Reducing Debt: 8933's debt to equity ratio has reduced from 88% to 86.6% over the past 5 years.

Debt Coverage: 8933's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 8933's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


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Dividend

What is Ideal Bike current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Ideal Bike Dividend Yield vs Market
How does Ideal Bike dividend yield compare to the market?
SegmentDividend Yield
Company (Ideal Bike)0%
Market Bottom 25% (TW)2.6%
Market Top 25% (TW)7.0%
Industry Average (Leisure)4.7%
Analyst forecast in 3 Years (Ideal Bike)n/a

Notable Dividend: Unable to evaluate 8933's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8933's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8933's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8933's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 8933 is not paying a notable dividend for the TW market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 8933 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Tim Lin

2.42yrs

Tenure

Mr. Tim Lin has been President and General Manager of Ideal Bike Corporation since April 20, 2020. He is Representative of corporate director of Ideal (Dong Guan) Bike Co., Ltd. He studied at Chung Yuan Un...


Leadership Team

Experienced Management: 8933's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: 8933's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 8933?
Owner TypeNumber of SharesOwnership Percentage
Institutions786,1410.3%
General Public300,594,85999.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 1 shareholders own 0.26% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
0.26%
Dimensional Fund Advisors LP
786,141NT$14.9m0.27%no data

Company Information

Ideal Bike Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Ideal Bike Corporation
  • Ticker: 8933
  • Exchange: TPEX
  • Founded: 1980
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Implied Market Cap: NT$5.726b
  • Shares outstanding: 301.38m
  • Website: https://www.idealbike.com.tw

Location

  • Ideal Bike Corporation
  • No.497, Gangbu Road
  • Section 1
  • Taichung
  • 435
  • Taiwan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8933TPEX (Taipei Exchange)YesCommon StockTWTWDMar 2001

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.