FST Corp.

FST Corp.

KBSX
FST Corp.US flagNASDAQ Global Market
1.30
USD
- -
- -
58.20MMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.11
0.64
0.82
- -
0.86
Basic EPS, GAAP
0.21
-0.05
-0.07
- -
-0.04
Free Cash Flow per Basic Share
0.23
-0.51
-0.13
- -
0.08
Dividend per Share
0.01
0.06
- -
- -
- -
Book Value per Share
0.58
0.54
0.07
- -
0.08
Tangible Book Value per Share
0.6
0.5
0.4
- -
0.27
Basic Weighted Avg Shares
45
45
45
44
45
Sales/Revenue/Turnover
50
29
36
- -
39
Operating Margin (%)
20.7
-10.86
-9.99
- -
1.4
Depreciation Expense
4
4
4
- -
- -
Net Income, GAAP
9
-2
-3
- -
-2
Effective Tax Rate (%)
24.82
- -
- -
- -
21.27
Profit Margin (%)
18.83
-7.54
-8.86
- -
-4.8
Working Capital
17
9
5
- -
-1
LT Debt
7
14
13
- -
14
Total Equity
32
27
23
- -
17
Return on Invested Capital (%)
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
-7.95
Return on Common Equity (%)
- -
-8.62
-23.68
- -
-108.23

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
18
- -
21
LT Borrowings
14
- -
10
LT Finance Leases
3
- -
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45
- -
45
Market Capitalization
65
63
60

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
29
- -
30
Cash, Cash Equivalents & STI
8
- -
7
Accounts Receivable, Net
6
- -
8
Inventories
13
- -
13
Total Current Liabilities
33
- -
32
Payables & Accruals
12
- -
10
ST Debt
18
- -
21
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
9
10
- -
36
2025
11
11
13
- -
- -
2026
15
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
-0.04
- -
- -
-0.07
2025
-0.06
- -
-0.02
- -
- -
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
David Chuang
Full Time Employees
1
Sector
Basic Materials
Industry
Steel
Address
No. 3, Gongye 1st Rd. Chiayi Taiwan, Province of China 621018
IPO Date
Mar 1, 2022
Business
FST Corp. operates as a manufacturer and marketer specializing in steel and graphite golf shafts and golf equipment, serving the global golf industry. The company's core products include high-performance golf shafts made from advanced steel and graphite materials, along with associated golf equipment designed for professional and amateur golfers worldwide. FST Corp. markets its products primarily through various branded golf accessories and equipment lines developed to meet diverse customer needs within the golf sports segment, encompassing both the United States and international markets. Founded in the Cayman Islands, the company is headquartered in Boulder, Colorado. Recent significant developments include FST Corp.'s business combination with Chenghe Acquisition I Co., completed in late 2024, which transitioned FST into a publicly traded company listed on the Nasdaq Global Market under the ticker symbol KBSX as of January 16, 2025. This strategic merger enhances FST's market presence and growth prospects by leveraging Chenghe’s established platform and expanding its capacity to serve the global golf shaft and equipment market with improved craftsmanship and advanced technology. The transaction marked a pivotal milestone, accelerating FST’s expansion and positioning it for further innovation and competitive advancement within the industry. FST Corp. continues to focus on reinforcing its manufacturing capabilities and broadening its product portfolio to capture greater market share while maintaining high standards of quality and innovation. The company's strategic alliance through the business combination has also positioned it to explore new market opportunities globally, with a particular emphasis on technological development in golf equipment. These latest changes mark a shift towards increased operational scale and enhanced shareholder value creation. In summary, FST Corp. stands as a leading golf shaft and equipment manufacturer with a solid foundation in advanced materials engineering, benefiting from its recent public listing and merger, which collectively strengthen its competitive positioning and growth trajectory in the sports equipment industry.

Company News

APIChat
  • FST Corp to Attend and Present at the Planet MicroCap Las Vegas Powered by MicroCapClub, June 17-18, 2026

  • FST Corp. Expands European Presence With the Opening of a New UK Office

  • FST Corp. Reports 36 Percent Revenue Increase, $1.9 Million Net Income in Q1 2026

  • FST Corp. Announces 31% Revenue Increase, Bottom Line Improvement for Fiscal Year 2025; Conference Call/Webcast Wednesday, April 22nd at 8 am

  • FST Corp. to Report Audited Full Year 2025 Financial Results on Wednesday, April 22; Conference Call and Live Webcast at 8 am ET

  • Contrasting Currenc Group (NASDAQ:CURR) & FST (NASDAQ:KBSX)

  • FST (NASDAQ:KBSX) Shares Down 0.4% – Here’s What Happened

  • Analyzing Blaize (NASDAQ:BZAI) & FST (NASDAQ:KBSX)

  • FST Corp. to Attend the 38th Annual ROTH Conference and Host KBS Golf Putter Fitting Experience

  • FST Corp. Announces Unaudited Q4 and Full Year 2025 Results

  • FST Corp. To Present at Noble Capital Markets Emerging Growth Virtual Equity Conference on February 4-5, 2026

  • FST (NASDAQ:KBSX) Shares Down 1.5% – What’s Next?

  • FST Corp. 2025 Equity Incentive Plan Approved at the Annual General Meeting of Shareholders

  • FST (NASDAQ:KBSX) Stock Price Down 1.3% – Here’s Why

  • FST Corp. Announces First Annual KBS Open Competition in Taiwan, December 4-5, 2025

  • FST Corp. to Present at Noble Capital Markets 21st Annual Emerging Growth Conference on December 3, 2025

  • FST Corp. Revenue Up 47 Percent in Q3 2025; Improved Gross Margin and Bottom Line

  • FST Corp. to Present at The LD Micro Main Event XIX

  • FST Corp. to Present at the 27th Annual H.C. Wainwright Global Investment Conference

  • FST Corp. Announces 24 Percent Revenue Growth for First Half of 2025