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FST Corp
(NASDAQ:KBSX)
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Rating:54Neutral
Price Target:
$1.50
▲(47.06% Upside)
Action:Reiterated
Date:10/06/26
The score is held back primarily by weak financial quality—ongoing net losses and high leverage—despite improving revenue/cash flow trends. Technicals are a key positive with strong momentum and price above major moving averages, while valuation appears reasonable but lacks dividend support.
Positive Factors
Revenue and gross-margin rebound
The sharp revenue rebound and improving gross margin indicate stronger business activity and better economics than in the prior period. If maintained, this combination can improve operating leverage, support reinvestment, and strengthen the foundation for a more durable recovery over the next several quarters.
Negative Factors
Persistent net losses
The company remains loss-making after all costs, and its modest EBITDA margin leaves little protection if operating conditions weaken. Continued negative net income limits internally funded growth, reduces resilience, and makes the recent revenue recovery less proven as a sustainable earnings improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and gross-margin rebound
The sharp revenue rebound and improving gross margin indicate stronger business activity and better economics than in the prior period. If maintained, this combination can improve operating leverage, support reinvestment, and strengthen the foundation for a more durable recovery over the next several quarters.
Read all positive factors
FST Corp (KBSX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$65.36M
Dividend YieldN/A
Average Volume (3M)30.45K
Price to Earnings (P/E)12.9
Beta (1Y)1.43
Revenue Growth138.69%
EPS Growth97.92%
CountryUS
Employees382
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.11
Shares Outstanding44,766,003
10 Day Avg. Volume56,424
30 Day Avg. Volume30,455
Financial Highlights & Ratios
PEG Ratio0.68
Price to Book (P/B)6.65
Price to Sales (P/S)1.30
P/FCF Ratio-38.85
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue1.34
Enterprise Value/Gross Profit2.96
Enterprise Value/Ebitda18.82
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.07
Revenue Forecast (FY)$56.35M
FST Corp Business Overview & Revenue Model
Company Description
Based in Chiayi, Taiwan, FST Corp. specializes in the full scope of activities for steel golf shafts. This includes their conceptualization, production, global marketing, and distribution. The company provides these essential components to golf cl...
FST Corp Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
38
Negative
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.97M | 47.97M | 36.50M | 28.73M | 49.78M | 38.94M |
| Gross Profit | 23.99M | 20.63M | 15.71M | 13.44M | 26.57M | 16.80M |
| EBITDA | 3.77M | 2.15M | 458.63K | 975.17K | 13.85M | 4.26M |
| Net Income | 5.14M | -1.50M | -3.24M | -2.17M | 9.38M | -90.53K |
Balance Sheet | ||||||
| Total Assets | 62.89M | 59.82M | 58.47M | 63.31M | 59.98M | 46.59M |
| Cash, Cash Equivalents and Short-Term Investments | 8.22M | 7.18M | 5.16M | 8.90M | 20.74M | 10.55M |
| Total Debt | 37.02M | 35.47M | 15.42M | 16.03M | 9.36M | 15.48M |
| Total Liabilities | 46.94M | 50.31M | 35.47M | 35.88M | 27.56M | 21.56M |
| Stockholders Equity | 15.81M | 9.37M | 22.83M | 27.42M | 32.42M | 25.03M |
Cash Flow | ||||||
| Free Cash Flow | -72.65K | -1.60M | -5.72M | -747.38K | -1.15M | 3.07M |
| Operating Cash Flow | 1.24M | -1.00M | -1.58M | -747.38K | -1.15M | 7.20M |
| Investing Cash Flow | -1.65M | -837.95K | -4.45M | 94.56M | -132.60M | -6.41M |
| Financing Cash Flow | 4.88M | 3.35M | 3.71M | -94.91M | 134.85M | 826.01K |
FST Corp Technical Analysis
Positive
1.02
Price Trends
1.17
Positive
1.13
Positive
1.21
Positive
Market Momentum
0.14
Positive
53.36
Neutral
44.19
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 1.02 is below the 20-day moving average (MA) of 1.42, below the 50-day MA of 1.17, and below the 200-day MA of 1.21, indicating a bullish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 53.36 is Neutral, neither overbought nor oversold. The STOCH value of 44.19 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 54 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $7.07B | 11.94 | 13.65% | 1.19% | 15.23% | 1535.96% | |
65 Neutral | $34.17B | 21.53 | 17.60% | 0.88% | 19.77% | 60.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $302.79M | 10.93 | 18.07% | 0.38% | 61.80% | 214.07% | |
56 Neutral | $7.41B | -7.77 | -15.23% | 6.42% | 4.14% | 52.63% | |
54 Neutral | $65.36M | 12.90 | 39.04% | ― | 138.69% | 97.92% | |
52 Neutral | $1.81B | -62.16 | -2.72% | 1.74% | 69.13% | -132.01% |
* Consumer Cyclical Sector Average
KBSX
FST Corp
1.46
-0.17
-10.43%
CLF
Cleveland-Cliffs
12.98
-0.85
-6.15%
CMC
Commercial Metals Company
63.89
5.48
9.39%
FRD
Friedman Industries
41.98
21.89
109.01%
STLD
Steel Dynamics
238.38
94.39
65.55%
WS
Worthington Steel, Inc.
36.05
6.49
21.94%
FST Corp Corporate Events
FST Corp. Posts Stronger Q2 2026 Results and Launches $3 Million Share Buyback
Jul 28, 2026
On July 28, 2026, FST Corp. released unaudited condensed consolidated financial statements for the three and six months ended June 30, 2026, showing revenue growth with stronger gross profit and a modest operating profit compared with the prior ye...
FST Corp. Launches New Restricted Stock Award Program Under 2025 Equity Plan
Jul 28, 2026
On July 25, 2026, FST Corp.’s board approved a restricted stock award program under its 2025 Equity Incentive Plan, reserving 1,340,000 ordinary shares for issuance. This pool represents about 3% of the company’s outstanding shares and...
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.