J-Star Holding Co., Ltd. Ordinary Shares
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
YMAT · Price history
Price at last available close
$2.27
+$0.86 (+60.99%) 1M
2026-10-29
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Company & revenue
About J-Star Holding Co., Ltd. Ordinary Shares
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
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 offerings in the cycling sector include essential components for both high-performance sports bicycles and electric models.
How they make money
J-Star Holding Co., Ltd. operates as a holding company that conducts its business through subsidiaries in Taiwan, Hong Kong, and Samoa. The company generates revenue by developing, manufacturing, and marketing composite solutions, including carbon fiber products and resin systems, for various industrial and consumer applications.
Products & services
Carbon fiber and composite solutions, including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
- Over 50 years of experience in the material composites industrySource
Risks
- Holding company structure with no material operations of its ownSource
Company-specific research
Questions worth answering for YMAT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can YMAT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can YMAT fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is YMAT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is YMAT's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of YMAT's score?
Essential Investment Snapshot
Market Cap
$6.3M
P/E Ratio
3.0
EPS
$0.73
52-Week High
$13.00
52-Week Low
$0.85
Beta
1.19
Shares Outstanding
3.4M
Total Debt
$12.7M
Dividend
No current dividend
Liquidation Value / Share
$-1.97
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong upward momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for YMAT
Detected from reported data — verify before acting.Severe debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Oct 19, 2026
J-Star Holding Co., Ltd. Advances U.S. Drone Manufacturing Initiative; Negotiates Acquisition of Facility in the Greater Houston Area — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on YMAT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Over 50 years of experience in the material composites industry.
Potential downside factors
- −Debt risk (severe): Negative shareholder equity.
- −Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
UndervaluedCurrent Price
$2.27
Model Intrinsic Value
$6.20
Difference
−$3.93
-63.4% vs IV
Margin of Safety
63.4%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $38.0M | $9.9M | $17.6M | $23.8M | ···· | ···· | ···· | ···· |
| Cost of Revenue | $28.0M | $4.6M | $11.9M | $20.9M | ···· | ···· | ···· | ···· |
| Gross Profit | $10.0M | $5.4M | $5.6M | $2.9M | ···· | ···· | ···· | ···· |
| Research & Development | $1.5M | $879K | $677K | $737K | ···· | ···· | ···· | ···· |
| SG&A Expenses | $6.9M | $5.9M | $3.8M | $3.0M | ···· | ···· | ···· | ···· |
| Operating Expenses | $8.3M | $26.0M | $4.5M | $3.8M | ···· | ···· | ···· | ···· |
| EBITDA | $3.6M | -$19.4M | $1.9M | $2.4M | ···· | ···· | ···· | ···· |
| Operating Income | $1.6M | -$20.6M | $1.1M | -$888K | ···· | ···· | ···· | ···· |
| Interest Expense | $1.0M | $373K | $403K | $809K | ···· | ···· | ···· | ···· |
| Income Before Tax | $2.2M | -$20.2M | $1.1M | $1.0M | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$388K | $5K | $6K | -$383K | ···· | ···· | ···· | ···· |
| Net Income | $2.5M | -$20.2M | $1.1M | $1.4M | ···· | ···· | ···· | ···· |
| Basic EPS | $0.73 | $-1.23 | $0.33 | $0.42 | ···· | ···· | ···· | ···· |
| Basic Shares | 3.44M | 3.44M | 3.40M | 3.40M | ···· | ···· | ···· | ···· |
| Diluted Shares | 3.44M | 3.44M | 3.40M | 3.40M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$10.6M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.00
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+52.3%
Cash Change
+35.8%
Margin Change
-5.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 30.7%. EPS declined 98.9%. Cash increased 35.8%. Total debt increased 52.3%. Net income margin declined by 5.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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J-Star Holding Co., Ltd. Files Interim Financial Report on Form 6-K
J-Star Holding Co., Ltd. Advances U.S. Drone Manufacturing Initiative; Negotiates Acquisition of Facility in the Greater Houston Area
J-Star Holding Co., Ltd. Chairman and CEO Jonathan Chiang to Relocate to the United States to Lead Growth Initiatives
J-Star Holding Co., Ltd (NASDAQ:YMAT) Sees Significant Growth in Short Interest
Rumor Mill · YMAT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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