KBSX Chart
About

FST Corp. develops, produces, and sells golf shafts and other sports equipment under the KBS brand in Taiwan and internationally. It provides Shafts for Irons that include 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. The company also offers the Shafts for Wedges includes 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 for wedges to produce shots with a lower-mid trajectory and mid ball spin; KBS HI-REV 2.0 wedge shaft series for higher ball launch and 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 based off of the company's “constant taper” Technology; and KBS GPS Graphite putter shaft designed as a balance performance shafts. In addition, the company provides 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.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Steel Market Cap 53.50M
Enterprise Value 81.93M Income -7.12M Sales 47.97M
Book/sh 0.21 Cash/sh 0.16 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E — PEG —
P/S 1.12 P/B 5.72 P/C —
EV/EBITDA -55.88 EV/Sales 1.71 Quick Ratio 0.41
Current Ratio 0.79 Debt/Eq 372.88 LT Debt/Eq —
EPS (ttm) -0.16 EPS next Y — EPS Growth —
Revenue Growth 30.40% Earnings — ROA -3.59%
ROE -44.07% ROIC — Gross Margin 43.02%
Oper. Margin -6.98% Profit Margin -14.84% Shs Outstand 44.77M
Shs Float 18.74M Short Float — Short Ratio 34.80
Short Interest — 52W High 7.81 52W Low 1.04
Beta 0.42 Avg Volume 9.14K Volume 6.25K
Target Price — Recom None Prev Close $1.14
Price $1.20 Change 4.82%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$1.20
Latest analyst target
3. DCF / Fair value
$2.73
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.20
Low
—
High
—
Mean
—
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems59.78K-108.43K402.30K
TaxRateForCalcs0.210.260.25
NormalizedEBITDA1.58M1.61M14.45M
TotalUnusualItems284.65K-421.90K1.62M
TotalUnusualItemsExcludingGoodwill284.65K-421.90K1.62M
NetIncomeFromContinuingOperationNetMinorityInterest-3.24M-2.17M9.38M
ReconciledDepreciation4.10M4.10M3.54M
ReconciledCostOfRevenue20.79M15.29M23.21M
EBITDA1.87M1.19M16.07M
EBIT-2.24M-2.90M12.52M
NetInterestIncome-543.33K-14.70K-52.70K
InterestExpense543.33K14.70K52.70K
NormalizedIncome-3.46M-1.85M8.16M
NetIncomeFromContinuingAndDiscontinuedOperation-3.24M-2.17M9.38M
TotalExpenses40.14M31.85M39.47M
TotalOperatingIncomeAsReported-3.64M-3.12M10.30M
DilutedAverageShares44.77M44.77M44.77M
BasicAverageShares44.77M44.77M44.77M
DilutedEPS-0.07-0.050.21
BasicEPS-0.07-0.050.21
DilutedNIAvailtoComStockholders-3.24M-2.17M9.38M
NetIncomeCommonStockholders-3.24M-2.17M9.38M
NetIncome-3.24M-2.17M9.38M
MinorityInterests0.000.00
NetIncomeIncludingNoncontrollingInterests-3.24M-2.17M9.38M
NetIncomeContinuousOperations-3.24M-2.17M9.38M
TaxProvision456.25K-751.07K3.09M
PretaxIncome-2.78M-2.92M12.47M
OtherIncomeExpense1.41M215.93K2.22M
OtherNonOperatingIncomeExpenses1.12M637.83K594.55K
SpecialIncomeCharges-466.26K0.00
WriteOff466.26K0.00
GainOnSaleOfSecurity284.65K-421.90K1.62M
NetNonOperatingInterestIncomeExpense-543.33K-14.70K-52.70K
InterestExpenseNonOperating543.33K14.70K52.70K
OperatingIncome-3.64M-3.12M10.31M
OperatingExpense19.36M16.56M16.27M
OtherOperatingExpenses-4.32K
ResearchAndDevelopment1.30M1.53M1.51M
SellingGeneralAndAdministration18.06M15.03M14.76M
SellingAndMarketingExpense10.53M9.19M8.55M
GeneralAndAdministrativeExpense7.53M5.84M6.21M
OtherGandA7.53M5.84M6.21M
GrossProfit15.71M13.44M26.57M
CostOfRevenue20.79M15.29M23.21M
TotalRevenue36.50M28.73M49.78M
OperatingRevenue36.50M28.73M49.78M
Line Item2024-12-312023-12-312022-12-31
OrdinarySharesNumber44.77M44.77M44.77M
ShareIssued44.77M44.77M44.77M
NetDebt4.35M
TotalDebt30.68M30.26M16.81M
TangibleBookValue17.70M22.16M26.78M
InvestedCapital32.28M36.09M33.79M
WorkingCapital4.54M9.12M16.91M
NetTangibleAssets17.70M22.16M26.78M
CapitalLeaseObligations5.97M7.43M7.99M
CommonStockEquity22.83M27.49M32.42M
TotalCapitalization32.28M36.09M33.79M
TotalEquityGrossMinorityInterest23.00M27.49M32.42M
MinorityInterest164.32K0.00
StockholdersEquity22.83M27.49M32.42M
GainsLossesNotAffectingRetainedEarnings-2.47M-1.21M1.93M
OtherEquityAdjustments-2.47M-1.21M1.93M
RetainedEarnings3.05M6.31M12.06M
AdditionalPaidInCapital22.25M4.44M4.44M
CapitalStock3.77K17.95M13.99M
CommonStock3.77K17.95M13.99M
TotalLiabilitiesNetMinorityInterest35.58M35.88M27.56M
TotalNonCurrentLiabilitiesNetMinorityInterest13.47M14.52M7.76M
EmployeeBenefits0.004.82K0.00
NonCurrentPensionAndOtherPostretirementBenefitPlans0.004.82K0.00
NonCurrentDeferredLiabilities111.33K663.41K580.69K
NonCurrentDeferredTaxesLiabilities111.33K663.41K580.69K
LongTermDebtAndCapitalLeaseObligation13.36M13.85M7.18M
LongTermCapitalLeaseObligation3.91M5.26M5.82M
LongTermDebt9.45M8.60M1.36M
CurrentLiabilities22.11M21.36M19.80M
OtherCurrentLiabilities330.29K383.26K366.76K
CurrentDeferredLiabilities166.58K35.08K98.71K
CurrentDeferredRevenue166.58K35.08K98.71K
CurrentDebtAndCapitalLeaseObligation17.33M16.41M9.63M
CurrentCapitalLeaseObligation2.06M2.17M2.17M
PayablesAndAccruedExpenses4.29M4.54M9.71M
CurrentAccruedExpenses2.53M2.51M4.68M
Payables1.76M2.03M5.03M
OtherPayable13.10K233.63K209.30K
DuetoRelatedPartiesCurrent119.76K275.47K244.24K
TotalTaxPayable126.33K301.60K2.89M
IncomeTaxPayable126.33K301.60K2.89M
AccountsPayable1.50M1.22M1.68M
TotalAssets58.58M63.38M59.98M
TotalNonCurrentAssets31.93M32.90M23.28M
OtherNonCurrentAssets30.28K31.68K
NonCurrentPrepaidAssets1.01M1.08M567.54K
NonCurrentDeferredAssets492.22K1.15M883.75K
NonCurrentDeferredTaxesAssets492.22K1.15M883.75K
InvestmentsAndAdvances344.88K195.56K667.53K
InvestmentinFinancialAssets76.61K0.00
HeldToMaturitySecurities76.61K0.00
LongTermEquityInvestment268.27K195.56K
InvestmentsInOtherVenturesUnderEquityMethod268.27K195.56K
GoodwillAndOtherIntangibleAssets5.14M5.33M5.64M
OtherIntangibleAssets5.14M5.33M5.64M
NetPPE24.94M25.13M15.49M
AccumulatedDepreciation-17.07M-16.32M-14.46M
GrossPPE42.01M41.46M29.95M
Leases4.63M2.84M2.52M
ConstructionInProgress971.27K1.59M1.79M
OtherProperties11.06M11.86M12.01M
MachineryFurnitureEquipment14.73M15.48M13.62M
BuildingsAndImprovements675.35K285.26K0.00
LandAndImprovements9.95M9.40M0.00
CurrentAssets26.66M30.48M36.70M
OtherCurrentAssets103.19K109.53K51.39K
RestrictedCash203.78K401.11K81.54K
PrepaidAssets892.67K783.38K564.23K
Inventory14.53M15.21M8.65M
InventoriesAdjustmentsAllowances-1.35M-900.14K-704.80K
FinishedGoods14.78M14.53M7.88M
WorkInProcess187.75K224.91K289.38K
RawMaterials920.42K1.35M1.18M
Receivables5.77M5.08M6.61M
ReceivablesAdjustmentsAllowances-277.80K-245.89K-400.80K
DuefromRelatedPartiesCurrent61.37K14.13K107.65K
TaxesReceivable409.65K331.88K200.00K
NotesReceivable13.86K22.46K10.62K
AccountsReceivable5.56M4.96M6.70M
GrossAccountsReceivable5.56M4.96M6.70M
CashCashEquivalentsAndShortTermInvestments5.16M8.90M20.74M
OtherShortTermInvestments60.99K0.00
CashAndCashEquivalents5.10M8.90M20.74M
Line Item2024-12-312023-12-312022-12-31
FreeCashFlow-5.89M-22.79M10.24M
RepaymentOfDebt-37.90M-24.73M-29.40M
IssuanceOfDebt41.61M38.75M31.98M
CapitalExpenditure-4.32M-11.59M-2.49M
InterestPaidSupplementalData506.01K282.48K155.40K
IncomeTaxPaidSupplementalData466.13K2.56M790.30K
EndCashPosition5.30M9.31M20.82M
BeginningCashPosition9.31M20.82M10.60M
EffectOfExchangeRateChanges-1.68M-20.91K-2.34M
ChangesInCash-2.32M-11.50M12.56M
FinancingCashFlow3.71M11.30M2.30M
CashFlowFromContinuingFinancingActivities3.71M11.30M2.30M
CashDividendsPaid0.00-2.72M-281.68K
CommonStockDividendPaid0.00-2.72M-281.68K
NetIssuancePaymentsOfDebt3.71M14.02M2.58M
NetLongTermDebtIssuance3.71M14.02M2.58M
LongTermDebtPayments-37.90M-24.73M-29.40M
LongTermDebtIssuance41.61M38.75M31.98M
InvestingCashFlow-4.45M-11.59M-2.46M
CashFlowFromContinuingInvestingActivities-4.45M-11.59M-2.46M
NetInvestmentPurchaseAndSale-138.90K-7.06K
PurchaseOfInvestment-138.90K-7.06K
NetIntangiblesPurchaseAndSale-177.54K0.00-33.69K
PurchaseOfIntangibles-177.54K0.00-33.69K
NetPPEPurchaseAndSale-4.14M-11.59M-2.42M
SaleOfPPE1.48K0.0027.57K
PurchaseOfPPE-4.14M-11.59M-2.45M
OperatingCashFlow-1.58M-11.21M12.72M
CashFlowFromContinuingOperatingActivities-1.58M-11.21M12.72M
ChangeInWorkingCapital-3.03M-12.96M-527.44K
ChangeInOtherWorkingCapital-364.96K-1.98M143.91K
ChangeInOtherCurrentLiabilities-1.27M-565.60K-171.43K
ChangeInOtherCurrentAssets-840.91K-1.56M-1.58M
ChangeInPayablesAndAccruedExpense408.14K-2.66M5.05M
ChangeInAccruedExpense76.06K-2.19M2.09M
ChangeInPayable332.07K-466.54K2.96M
ChangeInAccountPayable332.07K-466.54K412.30K
ChangeInTaxPayable-2.59M2.55M
ChangeInIncomeTaxPayable-2.59M2.55M
ChangeInPrepaidAssets258.81K-1.17M-332.39K
ChangeInInventory-445.30K-6.75M-2.13M
ChangeInReceivables-782.83K1.73M-1.51M
OtherNonCashItems-1.001.00
ProvisionandWriteOffofAssets34.73K-153.28K363.25K
AssetImpairmentCharge494.20K192.77K213.32K
DeferredTax148.00K-663.23K-223.02K
DeferredIncomeTax148.00K-663.23K-223.02K
DepreciationAmortizationDepletion4.10M4.10M3.54M
DepreciationAndAmortization4.10M4.10M3.54M
AmortizationCashFlow356.25K347.04K351.86K
AmortizationOfIntangibles356.25K347.04K351.86K
Depreciation3.75M3.75M3.19M
OperatingGainsLosses-88.97K446.71K-24.97K
PensionAndEmployeeBenefitExpense0.00-19.55K-3.23K
GainLossOnInvestmentSecurities-87.48K466.26K
GainLossOnSaleOfPPE-1.48K0.00-21.75K
NetIncomeFromContinuingOperations-3.24M-2.17M9.38M
SEC Filings

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