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J-Star Holding Co., Ltd.
(NASDAQ:YMAT)
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Rating:45Neutral
Price Target:
$2.00
▲(6.38% Upside)
Action:Reiterated
Date:09/10/26
The score is held down primarily by weak financial performance (sharp revenue contraction, large loss, negative equity, and recent cash burn). Technicals provide some near-term stabilization signals but are mixed overall given the longer-term downtrend indicators. Valuation is not supportive because the negative P/E reflects losses and there is no dividend yield data.
Positive Factors
Composite Materials Expertise
Long-established expertise in carbon reinforcement and resin technologies supports the company’s ability to develop specialized composite products. Its presence across electric bicycles, sports equipment, automotive parts, and healthcare also provides multiple end markets for applying that know-how.
Negative Factors
Sharp Revenue and Profit Decline
A sharp revenue contraction combined with a major net loss indicates that the current business base is not generating dependable earnings power. Deeply negative operating and net margins also suggest that costs are not being absorbed adequately, making recovery dependent on reversing the underlying sales deterioration.
Read all positive and negative factors
Positive Factors
Negative Factors
Composite Materials Expertise
Long-established expertise in carbon reinforcement and resin technologies supports the company’s ability to develop specialized composite products. Its presence across electric bicycles, sports equipment, automotive parts, and healthcare also provides multiple end markets for applying that know-how.
Read all positive factors
J-Star Holding Co., Ltd. (YMAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.31M
Dividend YieldN/A
Average Volume (3M)56.84K
Price to Earnings (P/E)―
Beta (1Y)3.49
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees65
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)N/A
Shares Outstanding2,790,667
10 Day Avg. Volume16,150
30 Day Avg. Volume56,845
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap4.11
Enterprise Value/Revenue1.24
Enterprise Value/Gross Profit3.87
Enterprise Value/Ebitda11.68
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
J-Star Holding Co., Ltd. Business Overview & Revenue Model
Company Description
J-Star Holding Co., Ltd., established in 1968 and headquartered in Taichung, Taiwan, is a global manufacturer and distributor specializing in bicycles, various sports accessories, and advanced carbon fiber composite products. The company's offerin...
J-Star Holding Co., Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
18
Very Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.56M | 9.93M | 17.56M | 23.78M | 39.38M | 31.33M |
| Gross Profit | 5.63M | 5.37M | 5.63M | 2.92M | 9.08M | 8.99M |
| EBITDA | 1.87M | -19.41M | 1.87M | 2.36M | 3.54M | 1.61M |
| Net Income | 1.10M | -20.17M | 1.10M | 1.42M | 124.31K | -132.90K |
Balance Sheet | ||||||
| Total Assets | 24.38M | 7.16M | 24.38M | 21.09M | 40.74M | 40.43M |
| Cash, Cash Equivalents and Short-Term Investments | 649.11K | 552.80K | 649.11K | 559.46K | 2.95M | 3.12M |
| Total Debt | 10.20M | 12.72M | 10.20M | 8.05M | 11.16M | 7.27M |
| Total Liabilities | 11.38M | 13.93M | 11.38M | 9.24M | 30.84M | 31.15M |
| Stockholders Equity | 13.00M | -6.78M | 13.00M | 11.85M | 9.90M | 9.27M |
Cash Flow | ||||||
| Free Cash Flow | -3.08M | -3.55M | -3.09M | 6.93M | 2.82M | -1.82M |
| Operating Cash Flow | -3.06M | -3.16M | -3.06M | 7.04M | 4.04M | -539.22K |
| Investing Cash Flow | 1.81M | -3.52M | 1.81M | -8.57M | -2.02M | -895.93K |
| Financing Cash Flow | 1.41M | 6.59M | 1.41M | -780.44K | -2.03M | 2.92M |
J-Star Holding Co., Ltd. Technical Analysis
Negative
1.88
Price Trends
0.87
Negative
Market Momentum
-0.05
Negative
39.43
Neutral
19.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YMAT, the sentiment is Negative. The current price of 1.88 is above the 20-day moving average (MA) of 0.77, above the 50-day MA of 0.87, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 39.43 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for YMAT.
J-Star Holding Co., Ltd. Risk Analysis
J-Star Holding Co., Ltd. disclosed 67 risk factors in its most recent earnings report. J-Star Holding Co., Ltd. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
J-Star Holding Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $73.44M | -23.27 | -8.12% | 2.35% | -4.66% | -201.32% | |
51 Neutral | $407.94M | -1.74 | -51.42% | ― | 121.37% | -264.53% | |
45 Neutral | $5.31M | -1.85 | -648.50% | ― | ― | ― | |
45 Neutral | $6.51M | -0.11 | -36.69% | ― | 228.99% | 43.94% | |
41 Neutral | $21.92M | -1.70 | 142.32% | ― | -96.04% | 9.12% |
* General Sector Average
YMAT
J-Star Holding Co., Ltd.
2.27
-4.78
-67.80%
FSI
Flexible Solutions International
5.70
-3.72
-39.49%
GEVO
Gevo
1.57
-0.05
-3.09%
GURE
Gulf Resources
3.50
-3.99
-53.27%
LOOP
Loop Industries
0.43
-1.36
-75.98%
CNEY
CN Energy Group
0.56
-1.63
-74.43%
J-Star Holding Co., Ltd. Corporate Events
J-Star Holding Regains Nasdaq Compliance, Avoids Delisting Risk
Aug 3, 2026
On July 30, 2026, J-Star Holding Co., Ltd. received formal notice from Nasdaq that it had regained compliance with the exchange’s minimum bid price rule, following a period beginning December 12, 2025 when its shares traded below $1 for 30 c...
J-Star Holding Launches 1-for-5 Share Consolidation to Maintain Nasdaq Listing
Jul 8, 2026
J-Star Holding Co., Ltd., a Taiwan-based composites specialist listed on Nasdaq under the ticker YMAT, has built more than 50 years of know-how in carbon reinforcement and resin technologies. Through its subsidiaries in Taiwan, Hong Kong and Samoa...
J-Star Holding Faces Nasdaq Delisting Review as Shares Continue Trading
Jun 17, 2026
On June 12, 2026, J-Star Holding Co., Ltd. received a Staff Delisting Determination Letter from Nasdaq after failing to meet the exchange’s $1.00 minimum bid price requirement by the June 10, 2026 deadline, following an initial deficiency no...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.