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FST Corp. (KBSX)

Basic Materials | Steel | Chiayi, Taiwan | NasdaqGM
1.22 USD -0.02 (-1.929%) ⇩ (April 21, 2026, 4 p.m. EDT)

Short-term:☆☆☆☆☆Long-term:☆☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | April 18, 2026, 10:10 p.m. EDT

Despite a speculative short-squeeze frenzy (20.9x short ratio) driving occasional price spikes, FST Corp. (KBSX) exhibits severe fundamental distress with negative 57% year-over-year earnings growth, negative operating cash flow, and a book value far below market cap. The quantitative model predicts a -1.15% price move over the next 45 days, signaling further downside rather than a bounce, making this a high-risk trap for momentum traders and a clear sell/avoid for fundamentals-based investors.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.064309
AutoETS0.064624
AutoARIMA0.064624
AutoTheta0.091687

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 68%
H-stat 1.40
Ljung-Box p 0.000
Jarque-Bera p 0.579
Excess Kurtosis -0.35
Attribute Value
Sector Basic Materials
Debt to Equity Ratio 372.88
Revenue per Share 1.072
Market Cap 54,614,528
Forward P/E 15.25
Beta 0.32
Profit Margins -14.84%
Website https://fstcorp.com

Info Dump

Attribute Value
52 Week Change -0.38383836
Address1 No. 3, Gongye 1 Rd
Address2 Minxiong Township
All Time High 15.48
All Time Low 1.04
Ask 1.25
Ask Size 1
Average Daily Volume10 Day 320,030
Average Daily Volume3 Month 61,639
Average Volume 61,639
Average Volume10Days 320,030
Beta 0.315
Bid 1.23
Bid Size 1
Book Value 0.209
City Chiayi
Country Taiwan
Crypto Tradeable 0
Currency USD
Current Price 1.22
Current Ratio 0.793
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 1.345
Day Low 1.19
Debt To Equity 372.88
Display Name FST
Earnings Timestamp End 1,747,339,200
Earnings Timestamp Start 1,747,339,200
Ebitda -1,466,116
Ebitda Margins -0.03056
Enterprise To Ebitda -56.644
Enterprise To Revenue 1.731
Enterprise Value 83,046,144
Eps Current Year 0.05
Eps Forward 0.08
Eps Trailing Twelve Months -0.03
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 1.2814
Fifty Day Average Change -0.061399937
Fifty Day Average Change Percent -0.047916293
Fifty Two Week Change Percent -38.383835
Fifty Two Week High 2.95
Fifty Two Week High Change -1.73
Fifty Two Week High Change Percent -0.5864407
Fifty Two Week Low 1.04
Fifty Two Week Low Change 0.18000007
Fifty Two Week Low Change Percent 0.17307699
Fifty Two Week Range 1.04 - 2.95
Financial Currency USD
First Trade Date Milliseconds 1,647,869,400,000
Float Shares 18,744,421
Forward Eps 0.08
Forward P E 15.250001
Free Cashflow 6,801,301
Full Exchange Name NasdaqGM
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.43015
Gross Profits 20,633,860
Has Pre Post Market Data 1
Held Percent Insiders 0.46433997
Held Percent Institutions 0.04488
Implied Shares Outstanding 44,766,003
Industry Steel
Industry Disp Steel
Industry Key steel
Ipo Expected Date 2,025-01-16
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name FST Corp.
Market us_market
Market Cap 54,614,528
Market State PRE
Max Age 86,400
Message Board Id finmb_598606618
Most Recent Quarter 1,767,139,200
Net Income To Common -7,116,275
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 54,614,523
Number Of Analyst Opinions 1
Open 1.2661
Operating Cashflow -369,452
Operating Margins -0.069759995
Payout Ratio 0.0
Phone 886 5 221 2555
Pre Market Change 0.39
Pre Market Change Percent 31.967213
Pre Market Price 1.61
Pre Market Time 1,776,849,791
Previous Close 1.244
Price Eps Current Year 24.4
Price Hint 4
Price To Book 5.8373203
Price To Sales Trailing12 Months 1.1385441
Profit Margins -0.14835
Quick Ratio 0.414
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.02399993
Regular Market Change Percent -1.9292548
Regular Market Day High 1.345
Regular Market Day Low 1.19
Regular Market Day Range 1.19 - 1.345
Regular Market Open 1.2661
Regular Market Previous Close 1.244
Regular Market Price 1.22
Regular Market Time 1,776,801,600
Regular Market Volume 946,214
Return On Assets -0.03588
Return On Equity -0.4407
Revenue Growth 0.304
Revenue Per Share 1.072
Sand P52 Week Change 0.3140242
Sector Basic Materials
Sector Disp Basic Materials
Sector Key basic-materials
Shares Outstanding 44,766,003
Shares Percent Shares Out 0.0049
Shares Short 213,202
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 209,920
Short Name FST Corp.
Short Ratio 20.98
Source Interval 15
Symbol KBSX
Target High Price 3.0
Target Low Price 3.0
Target Mean Price 3.0
Target Median Price 3.0
Total Cash 7,179,800
Total Cash Per Share 0.16
Total Debt 35,466,472
Total Revenue 47,968,744
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.03
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1.45921
Two Hundred Day Average Change -0.23921001
Two Hundred Day Average Change Percent -0.16393118
Type Disp Equity
Volume 946,214
Website https://fstcorp.com
Zip 621,018