公司概述
J-Star Holding Co., Ltd. operates within the Basic Materials sector, specifically focusing on the Specialty Chemicals industry, although its business description highlights the manufacturing and trading of bicycles, sports accessories, and carbon fiber composite products in Taiwan and internationally. The company's portfolio includes bicycle parts for sports and electric bicycles, as well as paddle rackets designed for tennis, badminton, squash, and beach tennis. Currently, the firm maintains a market capitalization of $5.73 million and employs 65 individuals to support its operations. With an annual revenue of $20.05 million, the company's market cap suggests it is a small-cap entity with limited liquidity compared to larger industry peers, while the revenue figure indicates a niche player status rather than a dominant market share holder in the broader materials or consumer goods sectors.
财务健康
J-Star Holding Co., Ltd. reported a total revenue of $20.05 million over the trailing twelve months, generating a net income of $630,181 and an EBITDA of $794,318. The significant disparity between the $20.05 million revenue and the $630,181 net income reveals a cost structure where operating expenses and taxes consume a substantial portion of gross earnings, resulting in a net profit that is approximately 3.1% of total sales. While the company does not report free cash flow figures, the available cash balance stands at $909,995, which must be weighed against its total debt of $14.95 million to assess financial flexibility. The company's margin profile shows a gross margin of 30.1%, indicating moderate efficiency in production costs before overheads, contrasted by a low operating margin of 1.5% and a profit margin of 3.1%, which suggests high sensitivity to operational expenses or significant non-operating costs impacting the bottom line. On the balance sheet, the company holds $909,995 in cash against $14.95 million in debt, resulting in a debt-to-equity ratio of 115.03%, which characterizes the capital structure as highly leveraged and potentially vulnerable to interest rate fluctuations or credit tightening. The current ratio of 1.12 indicates that current assets slightly exceed current liabilities, pointing to tight but technically sufficient short-term liquidity, though there is little room for error in meeting obligations. Return on Equity stands at 5.0% while Return on Assets is 1.4%, metrics that collectively reveal management's effectiveness in generating returns is constrained by the heavy debt load and asset intensity relative to the equity base.
估值评估
The trailing twelve-month P/E ratio is 8.05, whereas the forward P/E is listed as N/A, implying that analysts lack sufficient consensus on future earnings growth to project a valuation multiple, or the company's earnings trajectory is considered too volatile for standard forward pricing models. The price-to-book ratio is 0.39, which indicates that the market values the company at significantly less than its book value, suggesting either depressed asset valuations, potential impairment risks, or a market discount applied to its niche manufacturing assets. Alternative valuation metrics include a price-to-sales ratio of 0.29 and an EV/EBITDA of 24.05, where the low P/S suggests the stock trades cheaply relative to sales volume, while the high EV/EBITDA reflects the impact of substantial net debt on the enterprise value calculation. The stock has traded between a 52-week low of $0.28 and a 52-week high of $6.45, and without a specific current price in the provided facts, the valuation range highlights a wide dispersion of investor sentiment over the past year. The beta value is N/A, which means volatility relative to the broader market cannot be quantified with the available data, preventing a definitive assessment of the stock's risk profile compared to the overall market index.
Growth & Income
Revenue growth for the year-over-year period stands at 30.7%, while earnings growth is listed as N/A, preventing a direct comparison of profitability expansion relative to top-line growth but suggesting that the current earnings figure may be an outlier or subject to significant variance. Since the company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, the firm reinvests all available earnings back into its manufacturing operations, carbon fiber production, or international expansion rather than distributing income to shareholders. This non-dividend policy aligns with a growth-stage or turnaround profile where capital preservation and operational scaling take precedence over income generation for investors. The overall growth and income profile is characterized by strong top-line expansion of 30.7% but with no current income distribution, coupled with a valuation that reflects high leverage and a lack of forward earnings consensus.