FST Corp (KBSX) AI Stock Analysis

• Market Cap: $66.03M
• Dividend Yield: N/A
• Average Volume (3M): 20.39K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: N/A
• EPS Growth: -267.14%
• Country: US
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): -0.55
• Shares Outstanding: 44,766,003
• 10 Day Avg. Volume: 33,416
• 30 Day Avg. Volume: 20,385
• PEG Ratio: -0.02
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 1.88
• P/FCF Ratio: -52.25
• Enterprise Value/Market Cap: 1.65
• Enterprise Value/Revenue: 2.66
• Enterprise Value/Gross Profit: 5.99
• Enterprise Value/Ebitda: -33.52
• 1Y Price Target: $1.50
• Price Target Upside: 1.35% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: $1.50 ▲(1.35% Upside)

KBSX's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company's inability to generate profits and cash flow, coupled with negative valuation metrics, presents significant risks. The lack of earnings call data and corporate events further limits positive influences on the score.

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.

How the Company Makes Money

FST Corp generates revenue through the sale of its biometric identification products and software solutions, which are typically offered on a license or subscription basis. Key revenue streams include direct sales of hardware components, such as cameras and sensors, as well as software licensing fees for its identity management platforms. The company may also earn income through installation services, ongoing maintenance contracts, and training programs for clients. Significant partnerships with security firms and technology integrators further enhance its market reach and revenue potential, allowing FST Corp to tap into larger projects and governmental contracts.

FST Corp Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.86M	36.50M	28.73M	49.78M	38.94M
Gross Profit	18.19M	15.71M	13.44M	26.57M	16.80M
EBITDA	-3.25M	-3.32M	-1.30M	16.07M	4.26M
Net Income	-8.51M	-3.24M	-2.17M	9.38M	-90.53K
Balance Sheet
Total Assets	63.12M	58.58M	63.31M	59.98M	46.59M
Cash, Cash Equivalents and Short-Term Investments	6.87M	5.16M	8.90M	20.74M	10.55M
Total Debt	17.02M	15.42M	16.03M	9.36M	15.48M
Total Liabilities	50.14M	35.58M	35.88M	27.56M	21.56M
Stockholders Equity	12.82M	22.83M	27.42M	32.42M	25.03M
Cash Flow
Free Cash Flow	-1.80M	-1.31M	-22.80M	10.24M	3.07M
Operating Cash Flow	-1.68M	-1.31M	-11.21M	12.72M	7.20M
Investing Cash Flow	3.88M	3.64M	-11.59M	-2.46M	-6.41M
Financing Cash Flow	-3.31M	-2.33M	11.30M	2.30M	826.01K

FST Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1.48 is below the 20-day moving average (MA) of 1.55, below the 50-day MA of 1.64, and below the 200-day MA of 3.64, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 39.42 is Neutral, neither overbought nor oversold. The STOCH value of 50.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KBSX.

FST Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZEUS	66 Neutral	$339.29M	25.00	2.49%	2.08%	-9.21%	-60.42%
FRD	64 Neutral	$156.23M	18.24	6.23%	0.77%	-5.81%	-29.10%
HUDI	51 Neutral	$19.85M	-39.18	0.18%	―	-20.24%	-119.83%
ACNT	49 Neutral	$118.13M	-43.04	-3.55%	―	-20.35%	77.51%
KBSX	43 Neutral	$66.03M	―	-8.89%	―	―	-267.14%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

FST Corp Corporate Events

FST Corp. Reports Increased Revenue but Operational Loss for H1 2025

On August 20, 2025, FST Corp. released its unaudited condensed consolidated financial statements for the six months ending June 30, 2025. The financial results reveal an increase in revenue to $22.2 million from $17.8 million in the same period last year, while the company also reported a loss from operations of $1.5 million, compared to a loss of $644,225 in the previous year. This financial update highlights the company’s growth in revenue but also underscores the challenges it faces in managing operational costs, which could impact its market positioning and stakeholder interests.