KBSX · NASDAQ · Leisure

FST (KBSX)

Golf-shaft designer and manufacturer behind KBS and OEM programs.

$1.26
After hours+0.03 (+2.44%)
At close$1.23(+14.95%)
Loading prices…

FST Corp.KBSX
Consumer Discretionary

Designs and manufactures golf club shafts under the premium KBS brand while producing standard and economy shafts for OEM programs. Revenue combines branded wholesale, contract manufacturing, and direct sales, with operations centered in Taiwan and graphite production outsourced to a single supplier.

Designs and manufactures golf club shafts, pairing the premium KBS brand with contract production for equipment makers. Its catalog spans steel and graphite shafts for irons, wedges, putters, hybrids, drivers, and woods; KBS Golf Experience locations add custom fitting and club building in the United States, Japan, and Taiwan.

Revenue comes primarily from sales to golf brands and OEMs, distributors, sports retailers, and consumers through branded wholesale, OEM/ODM, and direct channels. Steel-shaft development and manufacturing are performed internally around its Taiwan operation, while graphite shafts come from a single Taiwanese specialist. Operations and assets are centered in Taiwan, making supply continuity and trade conditions structural dependencies.

Company facts

CEODavid Chuang
ListedJan 16, 2025
ExchangeNASDAQ
HeadquartersMinxiong Township, Taiwan
CountryTaiwan
Employees382
CIK0002014254
ISINKYG3R23E1004

Market cap$47.9M
EPS (ttm)$0.1132
P/E (ttm)9.45
ROE39.0%
P/B3.03
P/S0.9042
Dividend yieldDiv yield
Beta0.27vs XLY −0.48

No analyst consensus on record.

Next report
Nov 17, 26
estimated · in 56 days
EPS estimate
$0.01
Revenue estimate
$13.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

May '25Sep '25Nov '25Feb '26May '26Jul '26Nov '26
Reported−$0.06−$0.07−$0.02−$0.01$0.04−$0.02Pending
Estimate−$0.01−$0.01$0.01$0.01
Surprise−100.0%0.0%−300.0%

RevenueReportedEstimate

May '25Sep '25Nov '25Feb '26May '26Jul '26Nov '26
Reported$10.8M$11.4M$12.6M$13.2M$14.6M$12.6MPending
Estimate$12.6M$12.1M$12.1M$12.3M$13.1M$13.9M
Surprise−8.9%+3.8%+9.3%+18.9%−4.3%
Estimate$0.01
ReportedDue Nov 17, 2026
Estimate$13.9M
ReportedDue Nov 17, 2026
View details

Debt to equity234.20%
Current ratio93.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$8.5M$10.1M$10.8M$11.4M$12.6M$13.2M$14.6M$12.6M
Net income−$1.8M−$1.6M−$2.8M−$3.0M−$672.8K$5.0M$1.9M−$1.0M
Net margin0.0%0.0%0.0%0.0%0.0%37.8%12.7%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.3M−$1.7M−$839.8K−$689.5K−$946.7K$141.7K$2.2M$259.9K
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedTurned profitTurned profitTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $8.2M · Total debt $37.0M · Total assets $62.9M · Shareholders' equity $15.8M

Revenue
$12.6M
Operating income
$259.9K
Net income
−$1.0M
View details

No dividends on record.

Institutions4.17%1.87M shares
5 holders · as of Jun 30, 2026
Other95.83%42.90M shares
remainder

44.77M company shares as of Sep 8, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Harraden Circle Investments, LLCInstitution
3.67%1.64Mas of Jun 30, 2026
UBS Group AGInstitution
0.36%160,635as of Jun 30, 2026
Geode Capital Management, LLCInstitution
0.09%41,123as of Jun 30, 2026
Citadel Advisors LLCInstitution
0.05%24,167as of Jun 30, 2026
Caitong International Asset Management Co., LtdInstitution
0.00%2as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Not reported.