1. Taiwan, Province of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Leisure
Ideal Bike Corporation

Ideal Bike Corporation

8933.TWO
Ideal Bike CorporationTW flagTaipei Exchange
4.55
TWD
- -
- -
1.49BMarket Cap
Ideal Bike Corporation
8933.TWO
(Taipei Exchange)

Recent

price

4.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
58.74
56.75
48.77
45.34
39.13
55.2
42.1
39.04
28.66
25.07
16.71
16.21
18.36
12.11
8.43
- -
6.68
Revenue per Share
0.64
1.28
0.92
1.45
1.17
2.34
0.55
-0.31
-11.09
-1.48
0.05
0.29
1.1
-0.97
-0.74
- -
-1.38
Basic EPS, GAAP
-1.47
-1.95
2.86
4.19
-2.82
-3.03
1.8
0.49
-6.67
-0.83
2.2
-2.02
-3.16
0.63
0.92
- -
-0.23
Free Cash Flow per Basic Share
0.27
0.23
0.15
0.13
0.39
0.54
0.69
0.27
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
13.45
14.58
15.24
18.74
17.09
18.55
18.54
20.32
8.25
8.11
5.86
7.23
7.94
7.07
6.85
- -
4.06
Book Value per Share
14.98
17.35
17.73
19.61
21.55
22.79
22.22
23.81
8.15
6.27
4.82
6.32
7.16
6.38
6.22
- -
4.46
Tangible Book Value per Share
105
104
104
105
109
110
108
110
137
162
241
285
305
302
315
- -
328
Basic Weighted Avg Shares
6,181
5,920
5,090
4,757
4,267
6,095
4,556
4,296
3,930
4,057
4,023
4,614
5,591
3,655
2,650
2,195
2,195
Sales/Revenue/Turnover
2.63
3.41
2.98
2.9
2.01
4.69
2.54
-0.84
-3.74
-2.71
-1.02
2.77
6.39
-1.77
-7.56
-18.1
-18.1
Operating Margin (%)
64
83
86
88
85
95
86
82
70
63
55
56
66
74
70
57
57
Depreciation Expense
67
134
95
152
127
259
60
-34
-1,520
-240
11
83
334
-291
-233
-453
-453
Net Income, GAAP
48.31
35.04
44.25
28.37
27.77
22.83
32.8
- -
- -
- -
- -
31.2
23.89
- -
- -
- -
- -
Effective Tax Rate (%)
1.08
2.26
1.88
3.2
2.98
4.25
1.31
-0.78
-38.68
-5.92
0.28
1.79
5.98
-7.97
-8.79
-20.62
-20.62
Profit Margin (%)
852
960
964
920
1,473
1,739
1,280
1,442
301
637
338
834
1,656
1,066
963
933
933
Working Capital
318
274
226
25
310
340
293
560
615
792
318
162
505
245
79
484
484
LT Debt
1,639
1,810
1,851
2,057
2,350
2,521
2,407
2,624
1,122
1,229
1,365
1,998
2,401
2,143
2,190
1,691
1,691
Total Equity
2.38
3.44
2.16
2.57
1.49
4.61
1.56
- -
- -
- -
- -
2.65
6.43
- -
- -
- -
- -
Return on Invested Capital (%)
2.65
4.66
3.32
4.86
3.85
6.5
1.87
- -
- -
- -
- -
3.2
8.85
- -
- -
- -
- -
Return on Capital (%)
4.81
9.1
6.14
8.55
6.64
13.24
2.94
-1.59
-90.29
-19.67
0.82
4.76
14.94
-12.8
-10.87
-25.98
-25.98
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
1,183
1,317
1,233
LT Borrowings
234
195
466
LT Finance Leases
12
10
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
327
327
327
Market Capitalization
1,998
2,000
1,971

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
2,560
2,385
2,561
Cash, Cash Equivalents & STI
380
460
630
Accounts Receivable, Net
332
172
149
Inventories
1,788
1,689
1,712
Total Current Liabilities
1,684
1,678
1,628
Payables & Accruals
- -
- -
- -
ST Debt
1,183
1,317
1,233
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.3%
7.03%
-22.76%
Free Cash Flow
-295.22%
-66.49%
-125.81%
Net Income, GAAP
482.24%
166.42%
94.33%
Sales/Revenue/Turnover
-8.05%
-8.69%
-17.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,043
859
923
426
3,655
2024
627
720
560
744
2,650
2025
744
716
452
282
2,195

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.17
-0.17
-0.15
- -
-0.97
2024
-0.07
-0.08
-0.15
- -
-0.74
2025
-0.22
-0.5
-0.38
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Ideal Bike Corporation manufactures and sells a comprehensive range of bicycles and related components globally. Its product portfolio includes mountain bikes, road bikes, city bikes, folding bikes, racing and performance bicycles, beach bikes, electric bikes, performance BMX bikes, and multi-functional bicycles, as well as parts and accessories for indoor and outdoor training bicycles and children's bikes. The company operates through two primary business segments: original equipment manufacturing (OEM) and original design manufacturing (ODM). Ideal Bike Corporation also provides commission-based services related to its products. Its manufacturing capabilities encompass frame development and design, advanced electric bike systems integrating battery, motor, and control systems, as well as refined finishing processes such as painting and machining. Founded in 1980, the company is headquartered in Taichung, Taiwan, and maintains manufacturing facilities in Taiwan, Mainland China, and Poland to optimize supply chain efficiency and market proximity. Its products are distributed widely across China, Europe, Asia, America, and Oceania, targeting a broad customer base ranging from sports enthusiasts to urban commuters. Recent major developments include a strategic operational restructuring aimed at cost reduction amid revenue challenges in 2024. Despite a revenue decline of 27.5% year-on-year to TWD 2.65 billion, the company focused on enhancing manufacturing efficiency and maintaining competitive pricing to bolster its market position. Ideal Bike also secured exemptions from the EU anti-dumping duties for its Mainland China production base, facilitating expanded European market access. The company continues to emphasize innovation in eco-friendly mobility solutions, notably in electric bike technologies and product diversification to meet growing global demand for sustainable transportation alternatives. Ideal Bike Corporation remains a key player in the global bicycle industry with a 40-plus-year legacy in quality manufacturing and product development, combining leisure, sports, and green technology in its offerings. Its global footprint and dual-segment production model enable it to support major bicycle brands and regional markets with tailored, high-value products and services. This comprehensive profile reflects the company's current business scope, geographic reach, product expertise, recent operational changes, and strategic priorities in the evolving global bicycle market.