Fst Corp. (KBSX)
NASDAQ:KBSX
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FST Corp
(NASDAQ:KBSX)
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Rating:42Neutral
Price Target:
$1.00
▼(-32.89% Downside)
Action:ReiteratedDate:04/23/26
The score is held down primarily by weak financial performance (persistent losses, sharply higher leverage, and negative operating/free cash flow). Technicals are mildly weak with negative MACD and sub-50 RSI, and valuation signals are constrained because the company is unprofitable and has no provided dividend yield.
Positive Factors
Revenue rebound
An 8.8% revenue rebound in 2025 signals underlying demand recovery and the company’s ability to regain top-line momentum. Sustained revenue growth provides room to leverage fixed costs, improves scale economics, and is a durable precursor to margin recovery if cost control continues.
Negative Factors
Persistent unprofitability
Three consecutive years of operating and net losses erode retained earnings and limit internally generated capital. Persistent unprofitability reduces strategic flexibility, increases reliance on external funding, and undermines the company’s capacity to invest for growth or withstand steel-cycle downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
An 8.8% revenue rebound in 2025 signals underlying demand recovery and the company’s ability to regain top-line momentum. Sustained revenue growth provides room to leverage fixed costs, improves scale economics, and is a durable precursor to margin recovery if cost control continues.
Read all positive factors
FST Corp (KBSX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$57.30M
Dividend YieldN/A
Average Volume (3M)6.01K
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue GrowthN/A
EPS GrowthN/A
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 Cap1.49
Enterprise Value/Revenue1.78
Enterprise Value/Gross Profit4.15
Enterprise Value/Ebitda-43.91
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 | Mar 2026 | 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
Negative
1.49
Price Trends
1.28
Positive
1.32
Negative
1.46
Negative
Market Momentum
>-0.01
Positive
46.38
Neutral
29.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KBSX, the sentiment is Negative. The current price of 1.49 is above the 20-day moving average (MA) of 1.34, above the 50-day MA of 1.28, and above the 200-day MA of 1.46, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.38 is Neutral, neither overbought nor oversold. The STOCH value of 29.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | $141.53M | 11.73 | 11.34% | 0.75% | 30.55% | 174.70% | |
48 Neutral | $134.04M | -5.07 | -6.29% | ― | -53.99% | ― | |
48 Neutral | $16.59M | -13.91 | -1.85% | ― | -15.32% | -1106.19% | |
42 Neutral | $57.30M | -8.81 | -62.42% | ― | ― | ― |
* Basic Materials Sector Average
KBSX
FST Corp
1.28
-0.22
-14.67%
FRD
Friedman Industries
19.90
2.81
16.43%
ACNT
Ascent Industries
14.50
1.39
10.60%
HUDI
Huadi International Group
1.16
-0.14
-10.77%
HLP
Hongli Group, Inc.
0.80
-0.22
-21.47%
FST Corp Corporate Events
FST Corp. Reshapes Board With New Independent Director and Committee Changes
Apr 23, 2026
On April 16, 2026, FST Corp. announced that independent director Richard Qi Li resigned from its board with immediate effect, stating no disagreements regarding the company’s operations or policies. This mitigates concerns of underlying gove...
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...
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.