KBSX
FST Corp.
Price Chart
Latest Quote
$0.85
| Previous Close | $1.03 |
| Open | $1.03 |
| Day High | $1.03 |
| Day Low | $0.81 |
| Volume | 33,481 |
Stock Information
| Shares Outstanding | 44.77M |
| Total Debt | $35.25M |
| Cash Equivalents | $7.37M |
| Revenue | $51.86M |
| Net Income | $3.14M |
| Sector | Consumer Cyclical |
| Industry | Leisure |
| Market Cap | $38.18M |
| P/E Ratio | 12.18 |
| EPS (TTM) | $0.07 |
| Exchange | NGM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $66.18M |
| Sales | $51.86M |
| Income | $3.14M |
| Book/sh | $0.38 |
| Cash/sh | $0.16 |
| Employees | 382 |
Financial Ratios
| Quick Ratio | 0.50 |
| Current Ratio | 0.96 |
| Debt/Eq | 206.98 |
Returns & Margins
| ROA | 0.68% |
| ROE | 15.85% |
| Gross Margin | 44.80% |
| Operating Margin | 14.87% |
| Profit Margin | 6.06% |
Ownership
| Insider Ownership | 39.32% |
| Institutional Ownership | 4.51% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 7.75 |
| P/S | 0.74 |
| P/B | 2.26 |
Analyst Data
| Recommendation | none |
| Target Price | $3.50 |
Technical Indicators
| SMA20 | $1.24 |
| SMA50 | $1.29 |
| SMA200 | $1.37 |
| RSI | 20.58 |
| ATR | 0.1119 |
| Shares Float | 18.74M |
| Short Float | 0.96% |
| Short Ratio | 13.69 |
| Volatility | 0.30 |
| Rel Volume | 1.80 |
Performance History
| Week | -28.32% |
| Month | -38.19% |
| Quarter | -42.36% |
| 6 Months | -38.19% |
| YTD | -38.63% |
| Year | -52.35% |
| 3 Years | -91.98% |
| 10 Years | -91.43% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-25 | $0.85 | 33,400 |
| 2026-06-24 | $1.03 | 3,900 |
| 2026-06-23 | $1.10 | 104,100 |
| 2026-06-22 | $1.14 | 108,400 |
| 2026-06-18 | $1.20 | 23,600 |
| 2026-06-17 | $1.19 | 12,300 |
| 2026-06-16 | $1.29 | 12,000 |
| 2026-06-15 | $1.28 | 8,300 |
| 2026-06-12 | $1.31 | 14,100 |
| 2026-06-11 | $1.30 | 2,400 |
| 2026-06-10 | $1.37 | 9,300 |
| 2026-06-09 | $1.35 | 1,000 |
| 2026-06-08 | $1.33 | 3,900 |
| 2026-06-05 | $1.26 | 0 |
| 2026-06-04 | $1.26 | 1,800 |
| 2026-06-03 | $1.28 | 11,000 |
| 2026-06-02 | $1.30 | 1,800 |
| 2026-06-01 | $1.30 | 8,000 |
| 2026-05-29 | $1.34 | 11,400 |
| 2026-05-28 | $1.31 | 800 |
| 2026-05-27 | $1.35 | 2,200 |
| 2026-05-26 | $1.38 | 8,100 |
About FST Corp.
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.
đ° Latest News
Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | - | $20,786,255 | $15,287,532 | $23,207,116 |
| Cost Of Revenue | - | $20,786,255 | $15,287,532 | $23,207,116 |
| Total Revenue | - | $36,499,644 | $28,730,549 | $49,779,465 |
| Operating Revenue | - | $36,499,644 | $28,730,549 | $49,779,465 |
| Expenses | ||||
| Interest Expense | - | $543,328 | $14,703 | $52,695 |
| Total Expenses | - | $40,144,215 | $31,850,458 | $39,473,050 |
| Other Income Expense | - | $1,408,970 | $215,930 | $2,216,716 |
| Other Non Operating Income Expenses | - | $1,124,323 | $637,830 | $594,549 |
| Net Non Operating Interest Income Expense | - | $-543,328 | $-14,703 | $-52,695 |
| Interest Expense Non Operating | - | $543,328 | $14,703 | $52,695 |
| Operating Expense | - | $19,357,960 | $16,562,926 | $16,265,934 |
| Selling And Marketing Expense | - | $10,533,039 | $9,194,267 | $8,548,084 |
| General And Administrative Expense | - | $7,527,952 | $5,838,969 | $6,214,238 |
| Other Operating Expenses | - | - | - | $-4,315 |
| Income & Earnings | ||||
| Normalized Income | $-1,899,201 | $-3,460,046 | $-1,854,279 | $8,155,807 |
| Net Income From Continuing Operation Net Minority Interest | - | $-3,235,175 | $-2,167,611 | $9,375,677 |
| Net Interest Income | - | $-543,328 | $-14,703 | $-52,695 |
| Net Income From Continuing And Discontinued Operation | - | $-3,235,175 | $-2,167,611 | $9,375,677 |
| Total Operating Income As Reported | - | $-3,644,571 | $-3,119,909 | $10,302,100 |
| Net Income Common Stockholders | - | $-3,235,175 | $-2,167,611 | $9,375,677 |
| Net Income | - | $-3,235,175 | $-2,167,611 | $9,375,677 |
| Net Income Including Noncontrolling Interests | - | $-3,235,175 | $-2,167,611 | $9,375,677 |
| Net Income Continuous Operations | - | $-3,235,175 | $-2,167,611 | $9,375,677 |
| Pretax Income | - | $-2,778,929 | $-2,918,682 | $12,470,436 |
| Operating Income | - | $-3,644,571 | $-3,119,909 | $10,306,415 |
| Gross Profit | - | $15,713,389 | $13,443,017 | $26,572,349 |
| Special Income Charges | - | - | $-466,262 | $0 |
| Per Share | ||||
| Diluted EPS | $-0.16 | $-0.07 | $-0.05 | $0.21 |
| Basic EPS | $-0.16 | $-0.07 | $-0.05 | $0.21 |
| Other | ||||
| Tax Effect Of Unusual Items | $193,873 | $59,776 | $-108,568 | $402,297 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Diluted Average Shares | $44,766,003 | $44,766,003 | $44,766,003 | $44,766,003 |
| Basic Average Shares | $44,766,003 | $44,766,003 | $44,766,003 | $44,766,003 |
| Normalized EBITDA (Bullshit earnings) | - | $1,582,951 | $1,612,999 | $14,445,301 |
| Total Unusual Items | - | $284,647 | $-421,900 | $1,622,167 |
| Total Unusual Items Excluding Goodwill | - | $284,647 | $-421,900 | $1,622,167 |
| Reconciled Depreciation | - | $4,103,199 | $4,095,078 | $3,544,337 |
| EBITDA (Bullshit earnings) | - | $1,867,598 | $1,191,099 | $16,067,468 |
| EBIT | - | $-2,235,601 | $-2,903,979 | $12,523,131 |
| Diluted NI Availto Com Stockholders | - | $-3,235,175 | $-2,167,611 | $9,375,677 |
| Minority Interests | - | $0 | $0 | - |
| Tax Provision | - | $456,246 | $-751,071 | $3,094,759 |
| Gain On Sale Of Security | - | $284,647 | $-421,900 | $1,622,167 |
| Research And Development | - | $1,296,969 | $1,529,690 | $1,507,927 |
| Selling General And Administration | - | $18,060,991 | $15,033,236 | $14,762,322 |
| Other Gand A | - | $7,527,952 | $5,838,969 | $6,214,238 |
| Write Off | - | - | $466,262 | $0 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Prepaid Assets | $1,120,130 | $991,145 | $783,377 | $564,228 |
| Receivables | $7,126,132 | $5,666,635 | $5,077,675 | $6,613,011 |
| Taxes Receivable | $72,587 | $311,177 | $331,885 | $200,001 |
| Net Tangible Assets | - | $17,695,520 | $22,161,070 | $26,778,756 |
| Total Assets | - | $58,469,702 | $63,377,020 | $59,983,533 |
| Total Non Current Assets | - | $31,814,699 | $32,895,087 | $23,281,175 |
| Non Current Prepaid Assets | - | $1,007,586 | $1,084,924 | $567,544 |
| Non Current Deferred Assets | - | $380,892 | $1,149,249 | $883,750 |
| Non Current Deferred Taxes Assets | - | $380,892 | $1,149,249 | $883,750 |
| Investmentin Financial Assets | - | $76,605 | $0 | - |
| Goodwill And Other Intangible Assets | - | $5,138,437 | $5,331,343 | $5,642,742 |
| Other Intangible Assets | - | $5,138,437 | $5,331,343 | $5,642,742 |
| Current Assets | - | $26,655,003 | $30,481,933 | $36,702,358 |
| Other Current Assets | - | $103,189 | $109,529 | $51,392 |
| Restricted Cash | - | $203,779 | $401,110 | $81,537 |
| Inventory | - | $14,530,841 | $15,205,624 | $8,651,815 |
| Receivables Adjustments Allowances | - | $-277,798 | $-245,888 | $-400,797 |
| Notes Receivable | - | $13,864 | $22,463 | $10,615 |
| Accounts Receivable | - | $5,558,022 | $4,955,083 | $6,695,545 |
| Gross Accounts Receivable | - | $5,558,022 | $4,955,083 | $6,695,545 |
| Cash Cash Equivalents And Short Term Investments | - | $5,159,414 | $8,904,618 | $20,740,375 |
| Cash And Cash Equivalents | - | $5,098,420 | $8,904,618 | $20,740,375 |
| Other Non Current Assets | - | - | $30,277 | $31,677 |
| Debt | ||||
| Net Debt | - | $4,348,047 | - | - |
| Total Debt | - | $30,683,694 | $30,261,767 | $16,809,612 |
| Long Term Debt And Capital Lease Obligation | - | $13,357,933 | $13,853,129 | $7,184,122 |
| Long Term Debt | - | $9,446,467 | $8,597,848 | $1,363,760 |
| Current Debt And Capital Lease Obligation | - | $17,325,761 | $16,408,638 | $9,625,490 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | - | $35,471,428 | $35,884,607 | $27,562,035 |
| Total Non Current Liabilities Net Minority Interest | - | $13,357,933 | $14,521,362 | $7,764,814 |
| Non Current Deferred Liabilities | - | $111,329 | $663,411 | $580,692 |
| Non Current Deferred Taxes Liabilities | - | $111,329 | $663,411 | $580,692 |
| Current Liabilities | - | $22,113,495 | $21,363,245 | $19,797,221 |
| Other Current Liabilities | - | $330,294 | $383,260 | $366,762 |
| Current Deferred Liabilities | - | $166,582 | $35,080 | $98,708 |
| Payables And Accrued Expenses | - | $4,290,858 | $4,536,267 | $9,706,261 |
| Payables | - | $1,760,119 | $2,026,984 | $5,026,887 |
| Other Payable | - | $13,101 | $233,635 | $209,296 |
| Total Tax Payable | - | $126,332 | $301,595 | $2,890,525 |
| Income Tax Payable | - | $126,332 | $301,595 | $2,890,525 |
| Accounts Payable | - | $1,500,927 | $1,216,287 | $1,682,828 |
| Equity | ||||
| Common Stock Equity | - | $22,833,957 | $27,492,413 | $32,421,498 |
| Total Equity Gross Minority Interest | - | $22,998,274 | $27,492,413 | $32,421,498 |
| Stockholders Equity | - | $22,833,957 | $27,492,413 | $32,421,498 |
| Gains Losses Not Affecting Retained Earnings | - | $-2,471,137 | $-1,212,173 | $1,927,367 |
| Other Equity Adjustments | - | $-2,471,137 | $-1,212,173 | $1,927,367 |
| Retained Earnings | - | $3,054,350 | $6,310,293 | $12,056,304 |
| Long Term Equity Investment | - | $268,271 | $195,555 | - |
| Investments In Other Ventures Under Equity Method | - | $268,271 | $195,555 | - |
| Other | ||||
| Ordinary Shares Number | - | $44,766,003 | $44,766,003 | $44,766,003 |
| Share Issued | - | $44,766,003 | $44,766,003 | $44,766,003 |
| Tangible Book Value | - | $17,695,520 | $22,161,070 | $26,778,756 |
| Invested Capital | - | $32,280,424 | $36,090,261 | $33,785,258 |
| Working Capital | - | $4,541,508 | $9,118,688 | $16,905,137 |
| Capital Lease Obligations | - | $5,971,488 | $7,427,649 | $7,993,253 |
| Total Capitalization | - | $32,280,424 | $36,090,261 | $33,785,258 |
| Minority Interest | - | $164,317 | $0 | - |
| Additional Paid In Capital | - | $22,246,969 | $4,443,095 | $4,443,095 |
| Capital Stock | - | $3,775 | $17,951,198 | $13,994,732 |
| Common Stock | - | $3,775 | $17,951,198 | $13,994,732 |
| Employee Benefits | - | $0 | $4,822 | $0 |
| Non Current Pension And Other Postretirement Benefit Plans | - | $0 | $4,822 | $0 |
| Long Term Capital Lease Obligation | - | $3,911,466 | $5,255,281 | $5,820,362 |
| Current Deferred Revenue | - | $166,582 | $35,080 | $98,708 |
| Current Capital Lease Obligation | - | $2,060,022 | $2,172,368 | $2,172,891 |
| Current Accrued Expenses | - | $2,530,739 | $2,509,283 | $4,679,374 |
| Dueto Related Parties Current | - | $119,759 | $275,467 | $244,238 |
| Investments And Advances | - | $344,876 | $195,555 | $667,527 |
| Held To Maturity Securities | - | $76,605 | $0 | - |
| Net PPE | - | $24,942,908 | $25,134,016 | $15,487,935 |
| Accumulated Depreciation | - | $-17,070,256 | $-16,321,777 | $-14,462,683 |
| Gross PPE | - | $42,013,164 | $41,455,793 | $29,950,618 |
| Leases | - | $4,627,528 | $2,841,027 | $2,521,183 |
| Construction In Progress | - | $971,267 | $1,592,843 | $1,793,059 |
| Other Properties | - | $11,062,174 | $11,864,542 | $12,014,761 |
| Machinery Furniture Equipment | - | $14,730,516 | $15,477,083 | $13,621,615 |
| Buildings And Improvements | - | $675,349 | $285,260 | $0 |
| Land And Improvements | - | $9,946,330 | $9,395,038 | $0 |
| Inventories Adjustments Allowances | - | $-1,352,998 | $-900,142 | $-704,802 |
| Finished Goods | - | $14,775,666 | $14,531,636 | $7,883,576 |
| Work In Process | - | $187,755 | $224,913 | $289,376 |
| Raw Materials | - | $920,418 | $1,349,217 | $1,183,665 |
| Duefrom Related Parties Current | - | $61,370 | $14,132 | $107,647 |
| Other Short Term Investments | - | $60,994 | $0 | - |
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Free Cash Flow | |||
| Free Cash Flow | $-5,892,613 | $-22,790,669 | $10,235,027 |
| Operating Activities | |||
| Operating Cash Flow | $-1,576,129 | $-11,205,424 | $12,721,148 |
| Cash Flow From Continuing Operating Activities | $-1,576,128 | $-11,205,424 | $12,721,147 |
| Operating Gains Losses | $-88,965 | $446,710 | $-24,971 |
| Investing Activities | |||
| Capital Expenditure | $-4,316,484 | $-11,585,245 | $-2,486,121 |
| Investing Cash Flow | $-4,453,899 | $-11,592,307 | $-2,458,553 |
| Cash Flow From Continuing Investing Activities | $-4,453,899 | $-11,592,307 | $-2,458,553 |
| Financing Activities | |||
| Financing Cash Flow | $3,711,358 | $11,302,462 | $2,297,238 |
| Cash Flow From Continuing Financing Activities | $3,711,358 | $11,302,462 | $2,297,238 |
| Cash Dividends Paid | $0 | $-2,715,297 | $-281,679 |
| Common Stock Dividend Paid | $0 | $-2,715,297 | $-281,679 |
| Other | |||
| Repayment Of Debt | $-37,898,778 | $-24,734,659 | $-29,404,105 |
| Issuance Of Debt | $41,610,136 | $38,752,418 | $31,983,022 |
| Interest Paid Supplemental Data | $506,009 | $282,484 | $155,402 |
| Income Tax Paid Supplemental Data | $466,127 | $2,564,373 | $790,301 |
| End Cash Position | $5,302,199 | $9,305,728 | $20,821,912 |
| Beginning Cash Position | $9,305,728 | $20,821,912 | $10,604,277 |
| Effect Of Exchange Rate Changes | $-1,684,859 | $-20,915 | $-2,342,197 |
| Changes In Cash | $-2,318,670 | $-11,495,269 | $12,559,832 |
| Net Issuance Payments Of Debt | $3,711,358 | $14,017,759 | $2,578,917 |
| Net Long Term Debt Issuance | $3,711,358 | $14,017,759 | $2,578,917 |
| Long Term Debt Payments | $-37,898,778 | $-24,734,659 | $-29,404,105 |
| Long Term Debt Issuance | $41,610,136 | $38,752,418 | $31,983,022 |
| Net Investment Purchase And Sale | $-138,898 | $-7,062 | - |
| Purchase Of Investment | $-138,898 | $-7,062 | - |
| Net Intangibles Purchase And Sale | $-177,539 | $0 | $-33,692 |
| Purchase Of Intangibles | $-177,539 | $0 | $-33,692 |
| Net PPE Purchase And Sale | $-4,137,462 | $-11,585,245 | $-2,424,861 |
| Sale Of PPE | $1,483 | $0 | $27,568 |
| Purchase Of PPE | $-4,138,945 | $-11,585,245 | $-2,452,429 |
| Change In Working Capital | $-3,032,119 | $-12,955,863 | $-527,444 |
| Change In Other Working Capital | $-364,956 | $-1,983,739 | $143,913 |
| Change In Other Current Liabilities | $-1,265,068 | $-565,604 | $-171,425 |
| Change In Other Current Assets | $-840,915 | $-1,560,254 | $-1,576,797 |
| Change In Payables And Accrued Expense | $408,138 | $-2,659,423 | $5,054,482 |
| Change In Accrued Expense | $76,063 | $-2,192,882 | $2,090,239 |
| Change In Payable | $332,075 | $-466,541 | $2,964,243 |
| Change In Account Payable | $332,075 | $-466,541 | $412,302 |
| Change In Prepaid Assets | $258,810 | $-1,167,250 | $-332,392 |
| Change In Inventory | $-445,302 | $-6,746,575 | $-2,134,299 |
| Change In Receivables | $-782,826 | $1,726,982 | $-1,510,926 |
| Other Non Cash Items | $-1 | - | $1 |
| Provisionand Write Offof Assets | $34,730 | $-153,277 | $363,248 |
| Asset Impairment Charge | $494,204 | $192,766 | $213,319 |
| Deferred Tax | $147,998 | $-663,227 | $-223,019 |
| Deferred Income Tax | $147,998 | $-663,227 | $-223,019 |
| Depreciation Amortization Depletion | $4,103,199 | $4,095,078 | $3,544,337 |
| Depreciation And Amortization | $4,103,199 | $4,095,078 | $3,544,337 |
| Amortization Cash Flow | $356,247 | $347,040 | $351,862 |
| Amortization Of Intangibles | $356,247 | $347,040 | $351,862 |
| Depreciation | $3,746,952 | $3,748,038 | $3,192,475 |
| Pension And Employee Benefit Expense | $0 | $-19,552 | $-3,225 |
| Gain Loss On Investment Securities | $-87,482 | $466,262 | - |
| Gain Loss On Sale Of PPE | $-1,483 | $0 | $-21,746 |
| Net Income From Continuing Operations | $-3,235,175 | $-2,167,611 | $9,375,677 |
| Change In Tax Payable | - | $-2,588,930 | $2,551,941 |
| Change In Income Tax Payable | - | $-2,588,930 | $2,551,941 |