企業概要
J-Star Holding Co., Ltd. engages in the manufacturing and trading of bicycles, sports accessories, and carbon fiber composite products, serving markets in Taiwan and internationally. The company operates within the Basic Materials sector, specifically focusing on the Specialty Chemicals industry, where its operations involve the production of structural components and specialized materials for sporting goods. The firm employs a workforce of 65 individuals to support its production and trade activities across its operational footprint. With a market capitalization of $5.73M and annual revenue of $20.05M, the company presents the profile of a micro-cap enterprise. These valuation figures indicate that J-Star Holding is a small-scale player with limited market dominance compared to larger industry peers, reflecting its status as a niche provider in the global supply chain for carbon fiber and bicycle components.
財務健全性
The company reported revenue of $20.05M over the trailing twelve months, generating net income of $630,181 and an EBITDA of $794,318. The significant gap 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 approximately 96.9% of total revenue before interest and taxes. Although the specific figure for free cash flow is not disclosed in the available data, the reported cash balance of $909,995 provides a snapshot of liquidity assets on hand. The gross margin stands at 30.1%, indicating that the company retains roughly 30 cents for every dollar of sales after direct production costs. In contrast, the operating margin of 1.5% and profit margin of 3.1% suggest that overhead expenses are substantial relative to revenue, compressing the bottom line significantly. The company holds $909,995 in cash against $14.95M in total debt, resulting in a debt-to-equity ratio of 115.03%. This high leverage indicates a balance sheet that is heavily reliant on borrowed capital rather than a conservative equity-funded structure. The current ratio of 1.12 suggests that the company possesses minimal short-term liquidity, as current assets exceed current liabilities by only a narrow margin. Furthermore, the return on equity is 5.0% and the return on assets is 1.4%, metrics that reflect management effectiveness in generating returns on the capital invested and the asset base, respectively.
バリュエーション評価
The trailing twelve-month P/E ratio is 8.05, while the forward P/E is listed as N/A. The absence of a forward P/E implies that analysts or the market do not have sufficient data to project future earnings growth with the confidence required to calculate a price-to-earnings multiple based on expected future performance. The price-to-book ratio is 0.39, which indicates that the market values the company at a significant discount to its book value, suggesting a deep undervaluation relative to its net asset position. Additionally, the price-to-sales ratio of 0.29 and an EV/EBITDA of 24.05 offer alternative perspectives on valuation, where the low P/S multiple suggests the stock trades at a fraction of its sales volume, while the high EV/EBITDA reflects the impact of the substantial debt load on enterprise value. The 52-week high is $6.45 and the 52-week low is $0.28, meaning the current price sits at a level that has fluctuated wildly within this range over the past year. The beta value is listed as N/A, preventing a direct comparison of the stock's price volatility relative to the broader market index. These metrics collectively paint a picture of a volatile, highly leveraged asset trading at a fraction of its theoretical book value.
Growth & Income
The company experienced a revenue growth rate of 30.7% year over year, whereas earnings growth is listed as N/A. The disparity between the robust revenue expansion and the lack of reported earnings growth data suggests that while sales volumes are increasing rapidly, the cost structure or one-time charges may be preventing a proportional increase in net income. As the dividend yield is N/A and the payout ratio is 0.0%, the company does not distribute dividends to shareholders. Consequently, the firm retains all of its earnings, utilizing the capital for operational reinvestment, debt repayment, or expansion rather than distributing cash flow to investors. The overall growth and income profile is characterized by rapid top-line expansion accompanied by a complete absence of dividend income and limited historical earnings growth visibility.