Présentation de l'entreprise
J-Star Holding Co., Ltd., operating under the ticker YMAT, is an enterprise focused on the manufacturing and trading of bicycles, sports accessories, and carbon fiber composite products within Taiwan and international markets. The company's specific product portfolio includes components for sports and electric bicycles, paddle rackets designed for tennis, badminton, squash, and beach tennis, as well as structural carbon fiber items. This business falls squarely within the Basic Materials sector, specifically the Specialty Chemicals industry, a classification that typically encompasses firms producing specialized materials used in industrial applications or high-performance consumer goods. The company's market capitalization stands at $5.73M, with annual revenue generated at $20.05M and an operational workforce of 65 employees. These financial metrics collectively position J-Star Holding as a small-cap entity with a relatively modest revenue footprint compared to large-cap peers in the materials sector.
Santé financière
The company reported a trailing twelve-month revenue of $20.05M, generating a net income of $630,181 and an EBITDA of $794,318. The significant disparity between the $20.05M revenue and the $630,181 net income reveals a cost structure where operating expenses, including cost of goods sold and administrative costs, consume the majority of gross profits before reaching the bottom line. While the company maintains a cash balance of $909,995, it does not report a specific free cash flow figure, which limits the immediate assessment of its operational cash generation relative to capital expenditures. The gross margin sits at 30.1%, indicating that the company retains over a third of its revenue after direct production costs, which is standard for specialty chemical and composite material manufacturing. However, the operating margin of 1.5% suggests that overhead costs are substantial relative to sales, while the profit margin of 3.1% reflects the final efficiency of converting revenue into net earnings. In terms of leverage, the company holds $14.95M in debt against only $909,995 in cash, resulting in a debt-to-equity ratio of 115.03, which characterizes the balance sheet as highly leveraged rather than conservative. This leverage is further underscored by a current ratio of 1.12, indicating that the company's current assets are only slightly greater than its current liabilities, suggesting a tight but technically adequate short-term liquidity position. Management's effectiveness in generating returns is measured by a return on equity of 5.0% and a return on assets of 1.4%, figures that suggest capital efficiency is moderate given the high leverage levels.
Évaluation de la valorisation
The valuation of J-Star Holding Co., Ltd. is characterized by a trailing P/E ratio of 8.05, while the forward P/E is listed as N/A. The absence of a forward P/E implies that analysts or the company have not projected specific future earnings growth that would allow for a meaningful price-to-earnings multiple forward calculation, leaving the current multiple as the primary valuation anchor. The price-to-book ratio stands at 0.39, which indicates that the market values the company at less than half of its net asset book value, suggesting a significant discount to the underlying equity or potential distress in asset valuation. Alternative valuation metrics include a price-to-sales ratio of 0.29 and an EV/EBITDA of 24.05, the latter suggesting that enterprise value is roughly 24 times annual EBITDA, a multiple that must be viewed in the context of the company's high debt load and small size. Regarding trading range, the 52-week high was $6.45 and the 52-week low was $0.28. Without a specific current share price provided in the available facts, the precise percentage distance from the high or low cannot be calculated, but the spread between $0.28 and $6.45 demonstrates a substantial volatility range over the last year. The beta is listed as N/A, meaning that the company's price volatility relative to the broader market index cannot be quantified with the provided data.
Growth & Income
J-Star Holding Co., Ltd. experienced a revenue growth of 30.7% year-over-year, whereas the earnings growth rate is N/A. The lack of reported earnings growth data prevents a direct comparison between revenue and earnings expansion rates, though the robust revenue increase suggests strong demand for its bicycle parts and carbon fiber products. As a non-dividend payer, the company has a dividend yield of N/A and a payout ratio of 0.0%, indicating that it retains all of its net income for reinvestment into operations or debt reduction rather than distributing cash to shareholders. This retention strategy aligns with the company's high debt-to-equity ratio, suggesting that cash flow is prioritized for balance sheet strengthening over shareholder returns. The overall growth and income profile is defined by significant revenue expansion coupled with a complete absence of dividend income and uncertain earnings trajectory visibility.