J-Star Holding Co., Ltd. Ordinary Shares logo

J-Star Holding Co., Ltd. Ordinary Shares

YMAT

NASDAQBasic MaterialsChemicals - Specialty

Previous close

$1.80

−$0.07 · -3.74%

Aug 21, 4:00 PM ET

YMAT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

22

Weakening

Sentiment

46

Mixed

Risk resilience

33

High Risk

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Company profile

Company website

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. Within sports equipment, J-Star produces a diverse array of paddle rackets, catering to disciplines such as tennis, badminton, squash, and beach tennis. Furthermore, their expertise in carbon fiber composites is applied to create structural parts for the automotive industry, a range of other sporting goods, and various healthcare products.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
TW
CEO
Jing-Bin Chiang
Listed since
Jul 30, 2025
Employees
65

Market position

Day range

Current $1.80

52-week range

Current $1.80

Open
$1.98
Previous close
$1.87
Volume
11.59K
0.01× average
Average volume
1.94M
Average daily volume
Market cap
5.02M USD
Beta
1.19
Market reference 1
50-day average
$2.3428
-23.17% below average
200-day average
$2.7149
-33.70% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
12.17M USD
P/E (TTM)
-1.46×
P/B (TTM)
P/S (TTM)
0.51×
EV / EBITDA
-0.63×
Earnings yield
0.00%
Free cash flow yield
0.00%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
54.06%
Operating margin
-207.75%
Net margin
-203.23%
Return on equity
297.65%
Return on assets
-281.87%
Return on invested capital
-346.50%

Financial health

Debt / equity
-1.88×
Current ratio
0.43×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends80%-24%-129%-234%Gross margin, FY2021: 28.70%Gross margin, FY2022: 23.07%Gross margin, FY2023: 12.29%Gross margin, FY2024: 32.06%Gross margin, FY2025: 54.06%Operating margin, FY2021: -0.38%Operating margin, FY2022: 0.22%Operating margin, FY2023: -3.73%Operating margin, FY2024: 6.33%Operating margin, FY2025: -207.75%Net margin, FY2021: -0.42%Net margin, FY2022: 0.32%Net margin, FY2023: 5.97%Net margin, FY2024: 6.29%Net margin, FY2025: -203.23%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.70%. Gross margin FY2022 23.07%. Gross margin FY2023 12.29%. Gross margin FY2024 32.06%. Gross margin FY2025 54.06%. Operating margin FY2021 -0.38%. Operating margin FY2022 0.22%. Operating margin FY2023 -3.73%. Operating margin FY2024 6.33%. Operating margin FY2025 -207.75%. Net margin FY2021 -0.42%. Net margin FY2022 0.32%. Net margin FY2023 5.97%. Net margin FY2024 6.29%. Net margin FY2025 -203.23%.

Income trends

Revenue

9.93M USD-43.48%

Operating income

−20.62M USD−21.73M USD

Net income

−20.17M USD−21.28M USD
Income trends across reported periods45.38M USD21.38M USD−2.62M USD−26.62M USDRevenue, FY2021: 31.33M USDRevenue, FY2022: 39.38M USDRevenue, FY2023: 23.78M USDRevenue, FY2024: 17.56M USDRevenue, FY2025: 9.93M USDOperating income, FY2021: −119.8K USDOperating income, FY2022: 88.6K USDOperating income, FY2023: −887.66K USDOperating income, FY2024: 1.11M USDOperating income, FY2025: −20.62M USDNet income, FY2021: −132.9K USDNet income, FY2022: 124.31K USDNet income, FY2023: 1.42M USDNet income, FY2024: 1.1M USDNet income, FY2025: −20.17M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 31.33M USD. Revenue FY2022 39.38M USD. Revenue FY2023 23.78M USD. Revenue FY2024 17.56M USD. Revenue FY2025 9.93M USD. Operating income FY2021 −119.8K USD. Operating income FY2022 88.6K USD. Operating income FY2023 −887.66K USD. Operating income FY2024 1.11M USD. Operating income FY2025 −20.62M USD. Net income FY2021 −132.9K USD. Net income FY2022 124.31K USD. Net income FY2023 1.42M USD. Net income FY2024 1.1M USD. Net income FY2025 −20.17M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue9.93M USD17.56M USD23.78M USD39.38M USD31.33M USD
Cost of goods sold4.56M USD11.93M USD20.86M USD30.3M USD22.34M USD
Gross profit5.37M USD5.63M USD2.92M USD9.08M USD8.99M USD
Research and development879.39K USD677.39K USD737.36K USD1.39M USD1.66M USD
Selling, general, and administrative5.86M USD3.85M USD2.99M USD7.66M USD7.08M USD
Operating expenses25.99M USD4.52M USD3.81M USD8.99M USD9.11M USD
Interest income145.95K USD264.61K USD336.38K USD12.25K USD2.16K USD
Interest expense373.49K USD402.93K USD808.68K USD322.76K USD225.26K USD
Depreciation and amortization389.49K USD354.95K USD986.52K USD2.96M USD1.36M USD
Operating income−20.62M USD1.11M USD−887.66K USD88.6K USD−119.8K USD
Net income−20.17M USD1.1M USD1.42M USD124.31K USD−132.9K USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-1.23
FY2025 · -478.46% year over year
Latest fiscal-year revenue
9.93M USD
FY2025 · -43.48% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.58-0.08-0.74-1.39FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend42.32M30.54M18.76M6.98MFY21FY22FY23FY24FY25

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