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J-Star Holding Co., Ltd.
(NASDAQ:YMAT)
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Rating:41Neutral
Price Target:
$1.50
▼(-20.21% Downside)
Action:Upgraded
Date:09/25/26
Overall score is low primarily due to weak financial performance (sharp 2025 revenue decline, large losses, negative equity, and recent cash burn). Technical indicators add further pressure with price below all key moving averages and negative MACD. Valuation offers limited support because the company is unprofitable (negative P/E) and no dividend yield is provided.
Positive Factors
Nasdaq Compliance Regained
Regaining Nasdaq compliance removes an immediate listing threat and preserves access to the public market. That supports continued investor access and corporate visibility, although the mandatory monitor means management must maintain compliance while executing its longer-term strategy.
Negative Factors
Sharp Revenue and Profitability Decline
The sharp 2025 revenue contraction and swing to a very large loss indicate that current operations are not generating dependable earnings power. Deeply negative operating and net margins reduce internal funding capacity and make sustained investment or recovery more difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Nasdaq Compliance Regained
Regaining Nasdaq compliance removes an immediate listing threat and preserves access to the public market. That supports continued investor access and corporate visibility, although the mandatory monitor means management must maintain compliance while executing its longer-term strategy.
Read all positive factors
J-Star Holding Co., Ltd. (YMAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.26M
Dividend YieldN/A
Average Volume (3M)2.57M
Price to Earnings (P/E)―
Beta (1Y)3.46
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. Volume3,958,136
30 Day Avg. Volume2,570,609
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 Cap3.49
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
Neutral
1.88
Price Trends
1.84
Negative
2.71
Negative
2.44
Negative
Market Momentum
-0.15
Positive
46.20
Neutral
27.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YMAT, the sentiment is Neutral. The current price of 1.88 is above the 20-day moving average (MA) of 1.68, above the 50-day MA of 1.84, and below the 200-day MA of 2.44, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 46.20 is Neutral, neither overbought nor oversold. The STOCH value of 27.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $74.08M | -23.67 | -8.12% | 2.35% | -4.66% | -201.32% | |
51 Neutral | $346.13M | -1.49 | -51.42% | ― | 121.37% | -264.53% | |
50 Neutral | $5.91M | -0.10 | -36.69% | ― | 228.99% | 43.94% | |
41 Neutral | $6.26M | -1.28 | -648.50% | ― | ― | ― | |
40 Underperform | $22.30M | -1.76 | 142.32% | ― | -96.04% | 9.12% |
* General Sector Average
YMAT
J-Star Holding Co., Ltd.
1.57
-4.63
-74.68%
FSI
Flexible Solutions International
5.80
-3.52
-37.77%
GEVO
Gevo
1.34
-0.62
-31.63%
GURE
Gulf Resources
3.15
-2.63
-45.50%
LOOP
Loop Industries
0.44
-1.08
-70.79%
CNEY
CN Energy Group
0.57
-1.93
-77.04%
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...
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.