FST Corp. Ordinary Shares

FST Corp. Ordinary Shares

KBSX · NASDAQ · Consumer Cyclical / Leisure

1.31USD+0.07 (+5.65%)

Price History

Full chart

Market Stats

Previous Close1.24
Open1.24
Day Range1.24 – 1.31
52-Week Range0.81 – 1.77
Volume3.08K
Market Cap70.73M
P/E (TTM)13.17
Forward P/E12.50
EPS0.12
Dividend Yield0.00%
Beta0.39
50-Day Avg1.04
200-Day Avg1.21

About

FST Corp. develops, produces, and sells golf shafts and other sports equipment under the KBS brand in Taiwan and internationally. The company provides shafts for irons, such as KBS TOUR series that can be fitted into iron golf clubs, pitching wedge, and sand wedge; KBS TOUR LITE series provides tight dispersion, trajectory, additional spin, and longer distance in a lightweight package; KBS TOUR-V series, a steel shaft that features larger outer diameters; KBS 560 and 580 series developed for junior developing players; KBS MAX 80 Series, a lightweight shaft designed for mid-high handicap players; KBS Tour $-Taper series provides shot workability and tight dispersion; and KBS Tour $-Taper Light series, a lightweight tour performance golf club shaft. It offers shafts for wedges including KBS Wedge series for players seeking a similar feel to the KBS TOUR; KBS Tour 610 Wedge series shaft that delivers penetrating ball flight with controlled spin; KBS TOUR-V Wedge shaft to produce shots with a lower-mid trajectory and mid ball spin; and KBS HI-REV 2.0 wedge shaft series for higher ball launch. In addition, the company provides shafts for putters, which include KBS Tour One Step Putter shaft for amplified feel along with reduction in vibrations; KBS CT Tour Putter shaft series designed for company's constant taper technology; and KBS GPS Graphite putter shaft designed as a balance performance shafts. Further, it offers KBS Tour Graphite Hybrid Prototype, KBS Tour Graphite Iron, KBS MAX Graphite, KBS TD Driver/Wood, KBS PGI Players Graphite Iron, and KBS Players Graphite Hybrid PGH; C-TAPER Black Limited Edition, C-TAPER LITE Black Limited Edition steel shafts, TD Driver/Wood Limited Edition graphite shafts, HI-REV 2.0 Wedge Major Green Limited Edition series wedges, and HI-REV 2.0 Wedge Liberty Limited Edition wedges; golf accessories; and operates restaurant and bar. FST Corp. was incorporated in 1976 and is headquartered in Chiayi, Taiwan.

Company Details

  • SectorConsumer Cyclical
  • IndustryLeisure
  • CEOMr. David Chuang
  • Employees382
  • HeadquartersNo. 3, Gongye 1 Rd, Chiayi, Taiwan, 621018, USA
  • Websitehttps://fstcorp.com

Leadership

  • Mr. David ChuangCEO & Chairman · b. 1978
  • Mr. Cheng-Teng HuangCOO, President and Head of Production & Supply Chains · b. 1970
  • Mr. Sebastian TadlaChief Financial Officer · b. 1988
  • Ms. Hui-Ting HsuAccounting Manager · b. 1981
  • Ms. Wen-Chi ChaoExecutive Vice President of General Administration & Compliance · b. 1979
  • Mr. Rob ChengPresident & Head of FST Golf · b. 1976

Financials

Income Statement

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue12.30M12.72M18.77M18.96M22.34M27.63M38.94M49.78M28.73M36.50M47.97M
Growth (%)-+3.44%+47.58%+1.02%+17.84%+23.66%+40.94%+27.83%-42.28%+27.04%+31.43%
Cost of Revenue7.69M8.00M9.79M10.28M11.40M14.90M22.14M23.21M15.29M20.79M27.34M
Gross Profit4.60M4.72M8.98M8.68M10.94M12.73M16.80M26.57M13.44M15.71M20.63M
Gross Margin37.42%37.12%47.82%45.79%48.98%46.09%43.15%53.38%46.79%43.05%43.01%
Operating Expense2.64M4.64M7.07M8.06M9.79M11.38M13.66M16.27M16.56M19.36M22.97M
Operating Income1.96M85.33K1.90M620.55K1.15M1.36M3.15M10.30M-3.12M-3.64M-2.33M
Operating Margin15.93%0.67%10.13%3.27%5.15%4.90%8.09%20.70%-10.86%-9.99%-4.87%
EBITDA2.52M697.01K2.62M1.55M2.11M2.38M4.26M11.85M-1.30M-1.71M-127.52K
EBITDA Margin20.46%5.48%13.97%8.20%9.45%8.63%10.95%23.80%-4.54%-4.69%-0.27%
Net Income1.92M-247.14K894.61K782.91K768.31K841.91K2.32M9.38M-2.17M-3.24M-1.50M
Net Income Margin15.62%-1.94%4.77%4.13%3.44%3.05%5.95%18.83%-7.54%-8.86%-3.13%
R&D121.82K409.39K851.80K1.09M1.09M1.31M1.52M1.51M1.53M1.30M1.49M
R&D as % of Total Revenue0.99%3.22%4.54%5.77%4.86%4.74%3.91%3.03%5.32%3.55%3.11%
Interest Expense-23.50K57.86K-45.46K236.00K-52.70K14.70K543.33K845.40K
Interest Expense % of Total Revenue-0.18%0.31%-0.20%0.85%-0.11%0.05%1.49%1.76%

Balance Sheet

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-----40.02M46.59M59.98M63.31M58.47M59.82M
Total Liabilities-----17.15M21.56M27.56M35.88M35.47M50.31M
Total Equity-----22.87M25.03M32.42M27.42M22.83M9.37M
Cash-----4.17M5.61M20.74M8.90M5.10M7.18M
Total Debt-----12.31M15.48M9.36M16.03M15.42M35.47M
Net Debt-----8.14M9.87M-11.38M7.12M10.32M28.29M

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow4.19M7.20M-1.15M-747.38K-1.58M-1.00M
Investing Cash Flow-3.47M-6.41M-132.60M94.56M-4.45M-837.95K
Financing Cash Flow-1.39M826.01K134.85M-94.91M3.71M3.35M
Capital Expenditure1.69M4.13M144.14M602.96K
Free Cash Flow2.50M3.07M-1.15M-747.38K-5.72M-1.60M
Dividends Paid--281.68K2.72M0-
FCF to OCF59.65%42.62%100.00%100.00%362.60%160.29%
Dividend Paid to FCF---24.55%-363.31%0.00%-

Earnings

Report DateJan 26, 2022Apr 13, 2022Aug 15, 2022Nov 14, 2022Dec 31, 2022Apr 19, 2023Jun 30, 2023Sep 30, 2023Dec 31, 2023Mar 31, 2024Sep 19, 2024Sep 30, 2024Dec 31, 2024May 15, 2025Aug 20, 2025Nov 18, 2025Dec 31, 2025May 5, 2026Jul 28, 2026Nov 17, 2026
EPS Estimate0.00------------0.000.00---0.010.00
EPS Actual-0.010.580.10-0.050.120.120.110.11-0.49-0.100.020.03-0.41-0.16-0.13-0.02-0.010.04-0.01-
Surprise-------------------175.00%-
Timing-----------------After-hoursAfter-hours-

Key Statistics & Ratios

Market Cap70.73M
Enterprise Value90.36M
Trailing P/E13.17
Forward P/E12.50
Price / Sales1.34
Price / Book3.89
EPS0.12
Book Value0.353
Revenue (TTM)52.97M
Gross Profit (TTM)23.99M
EBITDA3.98M
Profit Margin9.63%
Operating Margin2.07%
Return on Equity35.64%
Return on Assets1.62%
Shares Outstanding44.77M
Shares Float27.16M
Beta0.39
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
4.20%
Insiders
39.32%
Retail / Other
56.48%

Top Institutional Holders

  • Harraden Circle Investments LLC
    1.64M3.67%
  • UBS Group AG
    159.96K0.36%
  • Geode Capital Management, LLC
    41.12K0.09%
  • Citadel Advisors Llc
    24.17K0.05%

Top Fund Holders

  • Calamos Market Neutral Income A
    250.00K0.56%
  • Fidelity Nasdaq Composite Index
    41.12K0.09%