Company Overview
FST Corp. develops, produces, and sells golf shafts and other sports equipment under the KBS brand in Taiwan and internationally. The company provides shafts for irons, such as KBS TOUR series that can be fitted into iron golf clubs, pitching wedge, and sand wedge; KBS TOUR LITE series provides tight dispersion, trajectory, additional spin, and longer distance in a lightweight package; KBS TOUR-V series, a steel shaft that features larger outer diameters; KBS 560 and 580 series developed for junior developing players; KBS MAX 80 Series, a lightweight shaft designed for mid-high handicap players; KBS Tour $-Taper series provides shot workability and tight dispersion; and KBS Tour $-Taper Light series, a lightweight tour performance golf club shaft. It offers shafts for wedges including KBS Wedge series for players seeking a similar feel to the KBS TOUR; KBS Tour 610 Wedge series shaft that delivers penetrating ball flight with controlled spin; KBS TOUR-V Wedge shaft to produce shots with a lower-mid trajectory and mid ball spin; and KBS HI-REV 2.0 wedge shaft series for higher ball launch. In addition, the company provides shafts for putters, which include KBS Tour One Step Putter shaft for amplified feel along with reduction in vibrations; KBS CT Tour Putter shaft series designed for company's constant taper technology; and KBS GPS Graphite putter shaft designed as a balance performance shafts. Further, it offers KBS Tour Graphite Hybrid Prototype, KBS Tour Graphite Iron, KBS MAX Graphite, KBS TD Driver/Wood, KBS PGI Players Graphite Iron, and KBS Players Graphite Hybrid PGH; C-TAPER Black Limited Edition, C-TAPER LITE Black Limited Edition steel shafts, TD Driver/Wood Limited Edition graphite shafts, HI-REV 2.0 Wedge Major Green Limited Edition series wedges, and HI-REV 2.0 Wedge Liberty Limited Edition wedges; golf accessories; and operates restaurant and bar. FST Corp. was incorporated in 1976 and is headquartered in Chiayi, Taiwan.
Why Investors Should Care
Generates a return on equity of 35.6%, reflecting efficient use of shareholder capital.
Trades at a P/E of 7.9, below the sector median of 19.0.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Trailing 12 Months Year-on-year growth — revenue +9.7%.
- 5-Year Trend Long-term compounding — revenue CAGR -14.4%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -14.37% |
| 1 Year: | 9.70% |
Stock Price Performance
| 1 Year: | -43.79% |
| 6 Months: | -22.13% |
| 3 Months: | -28.57% |
| 1 Month: | +1.06% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)45.22 · Neutral
P/E of 7.92 is below the sector median of 18.98 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 35.6%.
- Generates positive free cash flow.
CONS
- Revenue declined at -14.4% CAGR over 5 years.
- Trading 44.8% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | KBSX FST Corp. | 0.95 | 7.92 | $42.53M | 0.00% | -10.02% | 35.64% | -14.37% | - |
| 2 | AMZN Amazon.com, Inc. NDXSPXR3KAITECH | 256.97 | 20.66 | $2.77T | 0.00% | 13.33% | 30.56% | 24.04% | 32.72% |
| 3 | TSLA Tesla, Inc. NDXSPXR3KAI | 368.16 | 347.32 | $1.45T | 0.00% | 4.10% | 4.67% | 52.40% | 39.39% |
| 4 | HD The Home Depot, Inc. SPXR3K | 313.70 | 21.97 | $312.98B | 3.08% | 28.75% | 104.30% | 4.06% | 6.35% |
| 5 | BABA Alibaba Group Holding Limited AITECH | 112.66 | 25.43 | $280.03B | 0.93% | 4.16% | 6.36% | 5.62% | 12.49% |
| 6 | TM Toyota Motor Corporation | 191.45 | 8.46 | $226.71B | 3.23% | 5.24% | 12.40% | 10.91% | 16.22% |
| 7 | MCD McDonald's Corporation SPXR3K | 255.81 | 20.80 | $181.02B | 2.99% | 22.47% | - | 0.92% | 7.33% |
| 8 | TJX The TJX Companies, Inc. SPXR3K | 128.92 | 23.87 | $142.42B | 1.52% | 21.26% | 62.17% | 6.84% | 8.48% |
| 9 | BKNG Booking Holdings Inc. NDXSPXR3K | 180.30 | 20.03 | $139.71B | 0.87% | 70.23% | -96.88% | 16.93% | 22.07% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 10.76M | 11.44M | 12.55M | - | 14.65M | 12.55M |
| Cost of Revenue | 5.80M | 6.18M | 7.63M | - | 7.09M | 6.54M |
| Gross Profit | 4.96M | 5.26M | 4.92M | - | 7.56M | 6.01M |
| Operating Expenses | 5.80M | 5.95M | 5.87M | - | 5.38M | 5.75M |
| Operating Income | -839.76K | -689.49K | -946.71K | - | 2.18M | 259.90K |
| EBITDA | -2.40M | -689.49K | -946.71K | - | 2.61M | 259.90K |
| Interest Expense | 193.88K | - | - | - | 226.42K | - |
| Pretax Income | -2.59M | -3.16M | -493.02K | - | 2.38M | -763.80K |
| Tax Provision | 205.98K | -128.75K | 222.93K | - | 507.39K | 282.58K |
| Net Income | -2.78M | -3.01M | -672.77K | - | 1.87M | -1.05M |
| Diluted EPS | - | -0.07 | -0.02 | -0.01 | 0.04 | -0.02 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 49.78M | 28.73M | 36.50M | - |
| Cost of Revenue | 23.21M | 15.29M | 20.79M | - |
| Gross Profit | 26.57M | 13.44M | 15.71M | - |
| Operating Expenses | 16.27M | 16.56M | 19.36M | - |
| Operating Income | 10.31M | -3.12M | -3.64M | - |
| EBITDA | 16.07M | 1.19M | 1.87M | - |
| Interest Expense | 52.70K | 14.70K | 543.33K | - |
| Pretax Income | 12.47M | -2.92M | -2.78M | - |
| Tax Provision | 3.09M | -751.07K | 456.25K | - |
| Net Income | 9.38M | -2.17M | -3.24M | - |
| Diluted EPS | 0.21 | -0.05 | -0.07 | -0.03 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Total Assets | 59.98M | 63.38M | 58.47M | - |
| Current Assets | 36.70M | 30.48M | 26.66M | - |
| Cash & Equivalents | 20.74M | 8.90M | 5.10M | - |
| Inventory | 8.65M | 15.21M | 14.53M | - |
| Receivables | 6.70M | 4.96M | 5.56M | - |
| Total Liabilities | 27.56M | 35.88M | 35.47M | - |
| Current Liabilities | 19.80M | 21.36M | 22.11M | - |
| Long Term Debt | 1.36M | 8.60M | 9.45M | - |
| Total Debt | 16.81M | 30.26M | 30.68M | - |
| Total Equity | 32.42M | 27.49M | 22.83M | - |
| Shares Outstanding | 44.77M | 44.77M | 44.77M | - |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|
| Operating Cash Flow | 12.72M | -11.21M | -1.58M |
| Investing Cash Flow | -2.46M | -11.59M | -4.45M |
| Financing Cash Flow | 2.30M | 11.30M | 3.71M |
| Capital Expenditure | -2.49M | -11.59M | -4.32M |
| Free Cash Flow | 10.24M | -22.79M | -5.89M |
| Net Change in Cash | 12.56M | -11.50M | -2.32M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Gross Margin % | 53.4% | 46.8% | 43.1% | - |
| Operating Margin % | 20.7% | -10.9% | -10.0% | - |
| Net Margin % | 18.8% | -7.5% | -8.9% | - |
| ROE % | 28.9% | -7.9% | -14.2% | - |
| ROCE % | 25.6% | -7.4% | -10.0% | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Harraden Circle Investments, LLC | 3.67% | 1.64M | $1.79M |
| 2 | UBS Group AG | 0.36% | 160.63K | $175.09K |
| 3 | Geode Capital Management, LLC | 0.09% | 41.12K | $44.82K |
| 4 | Citadel Advisors Llc | 0.05% | 24.17K | $26.34K |
| 5 | Caitong International Asset Management Co., Ltd | - | 2 | $2 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for KBSX
FST Corp.'s KBS Hi-Rev 2.0 Selected as Stock Steel Shaft for TaylorMade Golf's New Hi-Toe 5 Wedge Family
Boulder, Colorado--(Newsfile Corp. - August 25, 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 services, today announced…
KBSX: FST Corp’s Strong Growth Profile Supports Price Target of $3.00
By Tom Kerr, CFA NASDAQ: KBSX READ THE FULL KBSX RESEARCH REPORT 1st Quarter 2026 Unaudited Financial Results On May 6, 2026, FST Corp. (NASDAQ: KBSX) reported unaudited financial results for the quarter ending March 31, 2026, which showed …
KBSX: Initiation of Fast Growing Global Manufacturer and Distributor of Steel and Graphite Golf Shafts
By Thomas Kerr, CFA NASDAQ: KBSX READ THE FULL KBSX RESEARCH REPORT Overview Founded in 1989, FST Corp. (NASDAQ: KBSX) manufactures and sells a full range of golf club shafts, along with other golf-related items. Customers include golf equi…
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 SeriesTMBoulder, Colorado--(Newsfile Corp. - August 5, 2026) - FST Cor…
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 services, today announced it…
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 will be presenting a…
KBSX — Frequently Asked Questions
What is the current share price of FST Corp. (KBSX)?
As of 2026-09-19 21:16 PDT, FST Corp. (KBSX) trades at $0.95 on NasdaqGM. Its 52-week range is $0.84 to $1.72.
What is the market capitalisation of KBSX?
FST Corp. (KBSX) has a market capitalisation of $42.53M on NasdaqGM.
What is the P/E ratio of KBSX?
KBSX trades at a trailing price-to-earnings (P/E) ratio of 7.92. The industry average P/E is 18.98. Its price-to-book (P/B) ratio is 3.09.
What is the return on equity (ROE) of KBSX?
KBSX has a return on equity (ROE) of 35.64%. Its return on capital employed (ROCE) is -10.02%.
Is KBSX a good stock to buy?
This page provides a data-driven analysis of FST Corp. (KBSX), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.