Saturday 17 October 2026
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J-Star Holding Co., Ltd
YMAT Basic Materials Specialty Chemicals
J-Star Holding Co., Ltd’s revenue for fiscal 2025 (year ended December 2025) was $9.9 million, down 43.5% from fiscal 2024.
1.33
0.18
−11.92%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | — | 2.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | — | 32.25 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 65 | 65 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.27 | 0.15 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 24 | 18 | 10 | ||||
| Gross margin, % | — | — | — | — | — | — | — | 12.29 | 32.06 | 54.06 | |||||
| EBT | — | — | — | — | — | — | — | 1 | 1 | (20) | |||||
| EBT margin, % | — | — | — | — | — | — | — | 4.36 | 6.32 | (203.18) | |||||
| Net income | — | — | — | — | — | — | — | 1 | 1 | (20) | |||||
| Depreciation | — | — | — | — | — | — | — | 0 | 0 | 0 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 7.54 | 5.57 | 3.03 | ||||
| Earnings | — | — | — | — | — | — | — | 0.45 | 0.35 | (6.15) | |||||
| Cash flow | — | — | — | — | — | — | — | 2.23 | (0.97) | (0.97) | |||||
| Capex | — | — | — | — | — | — | — | 0.31 | (0.01) | (0.12) | |||||
| Free cash flow | — | — | — | — | — | — | — | 2.54 | (0.98) | (1.08) | |||||
| Book value | — | — | — | — | — | — | — | 3.76 | 4.12 | (2.07) | |||||
| Shares, m | — | — | — | — | — | — | — | 3 | 3 | 3 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | ||||
| P/S | — | — | — | — | — | — | — | — | — | — | |||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | |||||
| EV/FCF | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 7 | (3) | (3) | ||||
| Capex | — | — | — | — | — | — | — | 1 | 0 | 0 | |||||
| Free cash flow | — | — | — | — | — | — | — | 8 | (3) | (4) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | (2) | 2 | (7) | ||||
| Total debt | — | — | — | — | — | — | — | 8 | 10 | 13 | |||||
| Net debt | — | — | — | — | — | — | — | 7 | 9 | 12 | |||||
| Shareholders’ equity | — | — | — | — | — | — | — | 12 | 13 | (7) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 4.86 | (127.95) | ||||
| ROIC | — | — | — | — | — | — | — | (2.94) | 3.19 | (242.62) | |||||
| ROE | — | — | — | — | — | — | — | 0.00 | 8.89 | (648.49) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025
Charts ten years each
J-Star Holding Co., Ltd vs peers in Specialty Chemicals (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LOOP Loop Industries, Inc. | $18.0M | — (loss-making) | — (loss-making) | −98.34% (below 0%: shrinking) | n/m | +60.46% (above 0%: growing) | 0.00% | (1,463.69%) | Compare |
| TSEOQ Trinseo PLC | $9.5M | — (loss-making) | — (loss-making) | +7.79% (above 0%: growing) | n/m | −4,036.67% (below 0%: shrinking) | 11.79% | 0.01% | Compare |
| BON Bon Natural Life Limited | $9.2M | 0.9× | 4.5× | +20.95% (above 0%: growing) | −14.29% (below 0%: shrinking) | −260.38% (below 0%: shrinking) | 33.34% | 0.00% | Compare |
| YMAT J-Star Holding Co., Ltd | $6.1M | — | — | — | — | — | — | — | |
| CRKN Crown Electrokinetics Corp. | $5.8M | — (loss-making) | 0.3× | +306.45% (above 0%: growing) | n/m | −362.52% (below 0%: shrinking) | (36.69%) | (357.14%) | Compare |
| SNES Senestech, Inc. | $3.8M | — (loss-making) | — (loss-making) | +23.20% (above 0%: growing) | n/m | −42.77% (below 0%: shrinking) | 73.64% | (241.82%) | Compare |
| BGLC BioNexus Gene Lab Corp. | $3.6M | — (loss-making) | — | −96.63% (below 0%: shrinking) | n/m | +44.32% (above 0%: growing) | 17.06% | (342.78%) | Compare |
| CNEY CN Energy Group. Inc. | $3.3M | 2.3× | 1.1× | −99.90% (below 0%: shrinking) | +33.33% (above 0%: growing) | −113.57% (below 0%: shrinking) | 3.28% | 0.00% | Compare |
| HGAS Global Gas Corporation | $1.1M | — (loss-making) | — | — | n/m | −333.93% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| Median of peers | $4.8M | — | 1.1× | +7.79% | — | −186.97% | 14.43% | (120.91%) |
J-Star Holding Co., Ltd (YMAT) key facts
- Concern: J-Star Holding Co., Ltd’s revenue for fiscal 2025 (year ended December 2025) was $9.9 million, down 43.5% from fiscal 2024.
- Concern: J-Star Holding Co., Ltd reported a net loss of $20.2 million, or a loss of $6.15 per share, for fiscal 2025.
- J-Star Holding Co., Ltd (YMAT) is a Specialty Chemicals company in the Basic Materials sector, listed on Nasdaq.
- As of October 16, 2026, YMAT traded at $1.33, a market capitalization of $6.1 million.
- Return on equity was −648.5% and debt-to-equity -1.87.
- Its Piotroski F-score is 2 out of 9 and its Altman Z-score is −13.78 (distress zone) for fiscal 2025.