Fst Corp. (KBSX)
NASDAQ:KBSX
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FST Corp
(NASDAQ:KBSX)
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Rating:48Neutral
Price Target:
$1.50
▲(0.67% Upside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance—persistent losses, worsening leverage, and ongoing cash burn. Technical indicators are supportive with strong recent momentum, but valuation remains constrained by negative earnings.
Positive Factors
Revenue rebound & healthy gross margin
A clear revenue rebound coupled with a ~43% gross margin indicates the company retains product demand and decent production economics. Over 2–6 months this supports recovery potential: top-line growth plus margin cushions operational shocks and gives management time to address SG&A and financing drains.
Negative Factors
Persistent operating and net losses
Three years of operating and net losses erode retained earnings and limit the firm's ability to self-fund growth or weather steel-cycle volatility. Persisting losses increase reliance on external capital, pressure credit metrics, and make sustainable profitability dependent on structural cost or pricing improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & healthy gross margin
A clear revenue rebound coupled with a ~43% gross margin indicates the company retains product demand and decent production economics. Over 2–6 months this supports recovery potential: top-line growth plus margin cushions operational shocks and gives management time to address SG&A and financing drains.
Read all positive factors
FST Corp (KBSX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$60.88M
Dividend YieldN/A
Average Volume (3M)6.01K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue GrowthN/A
EPS Growth-267.14%
CountryUS
Employees1
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)N/A
Shares Outstanding44,766,003
10 Day Avg. Volume3,328
30 Day Avg. Volume6,006
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)6.69
Price to Sales (P/S)1.31
P/FCF Ratio-44.10
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue1.86
Enterprise Value/Gross Profit4.32
Enterprise Value/Ebitda-45.75
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FST Corp Business Overview & Revenue Model
Company Description
FST Corp. designs, manufactures, markets, and distributes steel golf shafts to golf club original equipment manufacturers and distributors worldwide. The company offers steel shafts under the KBS brand name. FST Corp.is based in Chiayi, Taiwan....
FST Corp Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 47.97M | 36.50M | 28.73M | 49.78M | 38.94M |
| Gross Profit | 20.63M | 15.71M | 13.44M | 26.57M | 16.80M |
| EBITDA | -1.47M | -3.32M | -1.30M | 16.07M | 4.26M |
| Net Income | -7.12M | -3.24M | -2.17M | 9.38M | -90.53K |
Balance Sheet | |||||
| Total Assets | 59.82M | 58.58M | 63.31M | 59.98M | 46.59M |
| Cash, Cash Equivalents and Short-Term Investments | 7.18M | 5.16M | 8.90M | 20.74M | 10.55M |
| Total Debt | 35.47M | 15.42M | 16.03M | 9.36M | 15.48M |
| Total Liabilities | 50.31M | 35.58M | 35.88M | 27.56M | 21.56M |
| Stockholders Equity | 9.37M | 22.83M | 27.42M | 32.42M | 25.03M |
Cash Flow | |||||
| Free Cash Flow | -1.42M | -1.31M | -22.80M | 10.24M | 3.07M |
| Operating Cash Flow | -369.45K | -1.31M | -11.21M | 12.72M | 7.20M |
| Investing Cash Flow | -1.26M | 3.64M | -11.59M | -2.46M | -6.41M |
| Financing Cash Flow | 3.32M | -2.33M | 11.30M | 2.30M | 826.01K |
FST Corp Technical Analysis
Positive
1.49
Price Trends
1.26
Positive
1.33
Positive
1.48
Negative
Market Momentum
0.02
Positive
52.11
Neutral
54.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KBSX, the sentiment is Positive. The current price of 1.49 is above the 20-day moving average (MA) of 1.36, above the 50-day MA of 1.26, and above the 200-day MA of 1.48, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 52.11 is Neutral, neither overbought nor oversold. The STOCH value of 54.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KBSX.
FST Corp Risk Analysis
FST Corp disclosed 102 risk factors in its most recent earnings report. FST Corp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
FST Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $128.73M | 11.73 | 11.34% | 0.75% | 8.72% | 43.14% | |
48 Neutral | $60.88M | -8.81 | -62.42% | ― | ― | -267.14% | |
48 Neutral | $125.57M | -27.96 | -6.29% | ― | -29.03% | ― | |
48 Neutral | $17.29M | -13.91 | -1.85% | ― | -20.24% | -119.83% |
* Basic Materials Sector Average
KBSX
FST Corp
1.36
-0.70
-33.95%
FRD
Friedman Industries
18.10
3.10
20.63%
ACNT
Ascent Industries
13.26
0.66
5.24%
HUDI
Huadi International Group
1.21
-0.26
-17.76%
HLP
Hongli Group, Inc.
0.89
-0.10
-10.61%
FST Corp Corporate Events
FST Corp. Reveals Higher Leverage and Shrinking Equity in Unaudited 2025 Results
Feb 12, 2026
On February 11, 2026, FST Corp. filed a Form 6‑K announcing the release of its unaudited condensed consolidated financial statements and management discussion and analysis for the year ended December 31, 2025. The filing shows total assets o...
FST Corp. Extends Maturity of SPAC-Era Share Forward Deal to Two Years
Jan 13, 2026
FST Corp., the post-SPAC parent of Femco Steel Technology Co., has disclosed further details of its financing arrangements surrounding its merger with Chenghe Acquisition I Co., under which Chenghe merged into a wholly owned FST Corp. subsidiary a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.