Subscribe

FST Corp. (KBSX)

USD0.86 +0.02 (+2.63%)
TW NASDAQ Basic Materials Steel
Address No. 3, Gongye 1st Rd. 621018
Chiayi, TW
CEO David Chuang
IPO 2022-03-01
CIK 2014254 ISIN KYG3R23E1004

Explore sections of this company profile

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 club original equipment manufacturers and various distributors across the world. Their line of steel shafts is prominently featured under the KBS brand name.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
USD0.86 +0.02 (+2.63%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
194.7K
Beta
0.36
Float Shares
34.45M
Free Float %
77.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.29% -4.28% +4.70% +8.95% -4.96% -4.28% -16.24% -88.66% -88.66% -88.66% -88.66%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.86
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 +1
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.63
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Steel: +1.2%
    +31.4% Q1'26: +32.0% (vs Q1'25)
  • EPS growth Steel: +17.4%
    +66.0% Q1'26: +164.1% (vs Q1'25)
  • FCF margin FCF growth · Steel: +44.2%
    -8.2% Q1'26: -4.3% (vs Q1'25)
  • EBIT margin Steel: +5.8%
    -7.1% Q1'26: +14.9% (vs Q1'25)
  • ROIC Steel: +4.3%
    -9.0% Q1'26: +15.3% (vs Q1'25)
  • Share dilution Steel: +0.0%
    +528.6% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Steel: 0.57×
    -24.19× Q1'26: 4.05× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.28) × ERP
WACC = 63% × Ke + 37% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 0.86
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2025
actual
Dec 2026
1 Rev. Ana.
2 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Revenue
47.97M
est: 47.97M (+0.0%)
56.50M
55.80M – 57.19M
+17.8% YoY
64.27M
64.05M – 64.48M
+13.8% YoY
EBITDA
-1.47M
est: 2.55M (-157.6%)
3.00M
2.96M – 3.04M
+17.8% YoY
3.41M
3.40M – 3.42M
+13.8% YoY
EBIT
-3.40M
est: 88.0K (-3,961.4%)
103.7K
102.4K – 104.9K
+17.8% YoY
117.9K
117.5K – 118.3K
+13.8% YoY
Net Income
-7.12M
est: -7.16M (+0.6%)
2.24M
2.22M – 2.25M
+131.3% YoY
3.36M
2.94M – 3.38M
+50.0% YoY
SGA
22.59M
est: 17.15M (+31.7%)
20.20M
19.95M – 20.45M
+17.8% YoY
22.98M
22.90M – 23.06M
+13.8% YoY
EPS
-0.16
est: -0.16 (+0.0%)
0.05
0.05 – 0.05
+131.3% YoY
0.08
0.07 – 0.08
+50.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-27 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-26 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-22 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-21 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-20 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-19 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-18 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-15 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-14 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-13 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-12 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-07 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-01 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
4.48M
OE per share TTM
0.10
Owner's Yield
7.46%
Maintenance CapEx ratio
75.24%
Maint CapEx / Avg PPE
46.1%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
4
Total invested
2.47M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
4
+1 vs prev Q
New positions
1
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 HARRADEN CIRCLE INVESTMENTS, LLC 1.64M +— (+0.0%) 2.18M -115.0K (-5.0%) 3.67% +0.000 pp 0.44% +0.016 pp USD2.07 -35.7% 5 qtrs
2 UBS GROUP AG 160.0K +— (+0.0%) 212.8K -11.2K (-5.0%) 0.36% +0.000 pp 0.00% +0.000 pp USD1.77 -24.9% 5 qtrs
3 GEODE CAPITAL MANAGEMENT, LLC 41.1K +— (+0.0%) 55.1K -2.1K (-3.6%) 0.09% +0.000 pp 0.00% +0.000 pp USD1.77 -24.9% 4 qtrs
4 CITADEL ADVISORS LLC 11.7K +11.7K (+100.0%) 15.7K +15.7K (+100.0%) 0.03% +0.026 pp 0.00% +0.000 pp USD1.33 +0.0% 1 qtrs NEW
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Matthews Emerging Markets Discovery Active ETF MEMS MEMS 0.45% 100.0K 0.99%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-16 Li Houston Jesse Director 0 0.00 0

Executive team

Top executives
EBIT / Employee
-3.40M
Shares Outstanding
44.77M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-29 F-3
2026-05-05 6-K
2026-05-04 3
2026-04-24 S-8
2026-04-23 6-K
2026-04-20 20-F
2026-02-12 6-K
2026-01-13 6-K
2025-12-10 6-K
2025-11-18 6-K

Executive team

NameTitleCompensationGender
David Chuang Chief Executive Officer & Chairman 454.3K male
Rob Cheng President & Head of FST Golf 300.0K male
Sebastian Tadla Chief Financial Officer 174.3K male
Cheng-Teng Huang Chief Operating Officer, President and Head of Production & Supply Chains 143.0K male
Wen-Chi Chao Executive Vice President of General Administration & Compliance 110.8K female
Hui-Ting Hsu Accounting Manager 63.0K female
ESG Rating
B
STEEL
Rank: 12 out of 24
2026
E (Environmental)
50.0 / 68.9
Company / Sector avg.
S (Social)
72.0 / 78.0
Company / Sector avg.
G (Governance)
97.3 / 72.3
Company / Sector avg.
ESG Total
73.1 / 73.1
Company / Sector avg.
ESG Score History STEEL
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits