GoAI
Get started
FST Corp. logo

FST Corp.

KBSX

NASDAQConsumer CyclicalLeisure

Open in GoAI

Previous close

$1.04

−$0.025 · -2.35%

Aug 21, 4:00 PM ET

KBSX company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Strong Sell

Exit — multiple negative signals converging

Valuation

2

Overpriced

Momentum

21

Weakening

Sentiment

52

Mixed

Risk resilience

34

High Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Based in Chiayi, Taiwan, FST Corp. specializes in the full scope of activities for steel golf shafts. This includes their conceptualization, production, global marketing, and distribution. The company provides these essential components to golf club original equipment manufacturers and various distributors across the world. Their line of steel shafts is prominently featured under the KBS brand name.

Industry
Leisure
Sector
Consumer Cyclical
Headquarters
TW
CEO
David Chuang
Listed since
Mar 1, 2022
Employees
382

Market position

Day range

Current $1.04

52-week range

Current $1.04

Open
$1.00
Previous close
$1.065
Volume
10.37K
0.52× average
Average volume
19.99K
Average daily volume
Market cap
46.56M USD
Beta
0.36
Market reference 1
50-day average
$0.9878
+5.29% above average
200-day average
$1.248
-16.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
90.56M USD
P/E (TTM)
9.19×
P/B (TTM)
2.94×
P/S (TTM)
0.88×
EV / EBITDA
-710.15×
Earnings yield
-2.41%
Free cash flow yield
-2.57%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
45.28%
Operating margin
3.08%
Net margin
9.71%
Return on equity
-16.02%
Return on assets
-2.51%
Return on invested capital
-3.44%

Financial health

Debt / equity
2.34×
Current ratio
0.79×
Altman Z-score
1.54
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends60%34%8%-17%Gross margin, FY2021: 43.15%Gross margin, FY2022: 53.38%Gross margin, FY2023: 46.79%Gross margin, FY2024: 43.05%Gross margin, FY2025: 43.01%Operating margin, FY2021: 8.09%Operating margin, FY2022: 20.70%Operating margin, FY2023: -10.86%Operating margin, FY2024: -9.99%Operating margin, FY2025: -4.87%Net margin, FY2021: 5.95%Net margin, FY2022: 18.83%Net margin, FY2023: -7.54%Net margin, FY2024: -8.86%Net margin, FY2025: -3.13%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.15%. Gross margin FY2022 53.38%. Gross margin FY2023 46.79%. Gross margin FY2024 43.05%. Gross margin FY2025 43.01%. Operating margin FY2021 8.09%. Operating margin FY2022 20.70%. Operating margin FY2023 -10.86%. Operating margin FY2024 -9.99%. Operating margin FY2025 -4.87%. Net margin FY2021 5.95%. Net margin FY2022 18.83%. Net margin FY2023 -7.54%. Net margin FY2024 -8.86%. Net margin FY2025 -3.13%.

Income trends

Revenue

47.97M USD+31.43%

Operating income

−2.33M USD+35.95%

Net income

−1.5M USD+53.63%
Income trends across reported periods55.12M USD33.75M USD12.38M USD−8.99M USDRevenue, FY2021: 38.94M USDRevenue, FY2022: 49.78M USDRevenue, FY2023: 28.73M USDRevenue, FY2024: 36.5M USDRevenue, FY2025: 47.97M USDOperating income, FY2021: 3.15M USDOperating income, FY2022: 10.3M USDOperating income, FY2023: −3.12M USDOperating income, FY2024: −3.64M USDOperating income, FY2025: −2.33M USDNet income, FY2021: 2.32M USDNet income, FY2022: 9.38M USDNet income, FY2023: −2.17M USDNet income, FY2024: −3.24M USDNet income, FY2025: −1.5M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 38.94M USD. Revenue FY2022 49.78M USD. Revenue FY2023 28.73M USD. Revenue FY2024 36.5M USD. Revenue FY2025 47.97M USD. Operating income FY2021 3.15M USD. Operating income FY2022 10.3M USD. Operating income FY2023 −3.12M USD. Operating income FY2024 −3.64M USD. Operating income FY2025 −2.33M USD. Net income FY2021 2.32M USD. Net income FY2022 9.38M USD. Net income FY2023 −2.17M USD. Net income FY2024 −3.24M USD. Net income FY2025 −1.5M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue47.97M USD36.5M USD28.73M USD49.78M USD38.94M USD
Cost of goods sold27.34M USD20.79M USD15.29M USD23.21M USD22.14M USD
Gross profit20.63M USD15.71M USD13.44M USD26.57M USD16.8M USD
Research and development1.49M USD1.3M USD1.53M USD1.51M USD1.52M USD
Selling, general, and administrative21.48M USD18.06M USD15.03M USD14.76M USD12.13M USD
Operating expenses22.97M USD19.36M USD16.56M USD16.27M USD13.66M USD
Interest expense845.4K USD543.33K USD14.7K USD52.7K USD—
Depreciation and amortization2.21M USD1.93M USD1.82M USD1.54M USD1.11M USD
Operating income−2.33M USD−3.64M USD−3.12M USD10.3M USD3.15M USD
Net income−1.5M USD−3.24M USD−2.17M USD9.38M USD2.32M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 2 misses, 1 met estimate
Average EPS surprise
-133.33%
3 comparable reports
Latest EPS result
-0.02
Estimate 0.01 · Miss by 300.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.080.02-0.04-0.11Q2 '25No estimateQ3 '25No estimateQ4 '25MissQ1 '26MetQ2 '26No estimateQ3 '26MissQ4 '26Estimate
Q2 2025, reported May 15, 2025: actual -0.063, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual -0.067, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 18, 2025: actual -0.02, estimate -0.01, surprise -100.00%, Miss. Q1 2026, reported Feb 13, 2026: actual -0.01, estimate -0.01, surprise 0.00%, Met estimate. Q2 2026, reported May 5, 2026: actual 0.04, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 28, 2026: actual -0.02, estimate 0.01, surprise -300.00%, Miss. Q4 2026, reported Nov 17, 2026: actual —, estimate 0.01, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates15.23M13.54M11.86M10.17MQ2 '25No estimateQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q2 2025, reported May 15, 2025: actual 10.76M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 11.44M USD, estimate 12.55M USD, surprise -8.90%, Miss. Q4 2025, reported Nov 18, 2025: actual 12.55M USD, estimate 12.1M USD, surprise +3.76%, Beat. Q1 2026, reported Feb 13, 2026: actual 13.22M USD, estimate 12.1M USD, surprise +9.27%, Beat. Q2 2026, reported May 5, 2026: actual 14.65M USD, estimate 12.32M USD, surprise +18.91%, Beat. Q3 2026, reported Jul 28, 2026: actual 12.55M USD, estimate 13.11M USD, surprise -4.28%, Miss. Q4 2026, reported Nov 17, 2026: actual —, estimate 14.12M USD, surprise —, Comparison unavailable.

KBSX news

newsfilecorp.com

FST Corp. to Deliver a Live Presentation at the Skyline Signature SeriesTM on Tuesday, August 11 at 12 PM ET

The company invites individual and institutional investors, as well as advisors and analysts, to attend this real-time, interactive presentation at the Skyline Signature SeriesTM Boulder, Colorado--(Newsfile Corp. -…

Read source
newsfilecorp.com

FST Corp.'s KBS Putter Shafts Selected as Stock Offering Across TaylorMade Golf's New Spider Tour and Spider ZT Max Putter Families

Boulder, Colorado--(Newsfile Corp. - August 4, 2026) - FST Corp. (NASDAQ: KBSX) ("FST", or the "Company), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related…

Read source
newsfilecorp.com

FST Corp. Reports Second Quarter 2026 Financial Results

10 Percent Revenue Increase Year-over-Year;Operating Income and Bottom-Line Improvements Year-over-Year;Board Approves Share Repurchase Program of up to $3 million. Boulder, Colorado--(Newsfile Corp. - July 28, 2026) -…

Read source
newsfilecorp.com

FST Corp. Establishes $10.4 Million At-the-Market Equity Offering Program

Boulder, Colorado--(Newsfile Corp. - July 2, 2026) - FST Corp. (NASDAQ: KBSX) ("FST", or the "Company"), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related…

Read source
newsfilecorp.com

FST Corp to Attend and Present at the Planet MicroCap Las Vegas Powered by MicroCapClub, June 17-18, 2026

Boulder, Colorado--(Newsfile Corp. - June 3, 2026) - FST Corp. (NASDAQ: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today announced that it…

Read source

KBSX peers

Amazon.com, Inc. logo

AMZN

Amazon.com, Inc.

$258.63

-0.57%

Tesla, Inc. logo

TSLA

Tesla, Inc.

$362.86

+5.14%

Booking Holdings Inc. logo

BKNG

Booking Holdings Inc.

$209.62

-0.12%

PDD Holdings Inc. logo

PDD

PDD Holdings Inc.

$88.38

-1.27%

Starbucks Corporation logo

SBUX

Starbucks Corporation

$107.08

+2.97%

Airbnb, Inc. logo

ABNB

Airbnb, Inc.

$187.3

+1.24%

ETFs holding KBSX

Funds reporting this stock among their holdings, ordered by reported position size.

Matthews Emerging Markets Discovery Active ETF MEMS logoMatthews Emerging Markets Discovery Active ETF MEMSMEMS
Market value
102.74K
Weight
0.50%
AUM
22.15M USD
Expense ratio
0.99%
Price / 1D
$30.7407+0.46%

Continue in GoAI

Research KBSX

research.disclaimer