FST Corp.

KBSX Consumer Cyclical Leisure

FST Corp.’s revenue for fiscal 2025 (year ended December 2025) was $48.0 million, up 31.4% from fiscal 2024.

Revenue
+1.99%
EPS
+140.6%
Free cash flow
−281.8%
Total debt
−10.9%

Quarter to September 2026, against a year earlier

1.37 0.02 −1.44%
Market cap
$61.6M
P/E
9.8×
Fwd P/E
24.9×
Dividend yield
—
F-score
3/9
Altman Z
1.46
Beneish M
−2.27
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 39.39%

Capital & Financial Ratios $m

Size
Market Cap 61.58
Revenue ttm 53.22
Net income ttm (1.50)
Free cash flow ttm (0.95)
Net debt Q 23.24
Valuation
P/E 9.83
Forward P/E 24.90
Price / sales 1.16
Forward P/S Powerpack
Price / FCF 0.00
Price / book 3.74
Financial health
Current ratio Q 0.92 (below 1: weak)
Debt / equity Q 1.81
Interest coverage Q 0.13
Growth
Revenue growth Q +1.99% (above 0%: growing)
Operating income growth Q +103.32% (above 0%: growing)
EPS, this year +163.16% (at or above 15%: strong)
EPS, next year A +75.00% (at or above 15%: strong)
Revenue, next year A +18.93% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 14.03%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 9 5 7 7
Receivables 5 5 7 8
Inventory 15 15 12 13
Other — — — —
30 27 27 30
2023 2024 2025 Q'26
Payables 1 5 9 3
ST’ Debt 14 15 18 21
Other — — — —
21 22 30 32

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — 0.00%
Earnings — — 0.00%
Book Value — — 0.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.04 (0.02) 0.01 — —
’25 (0.06) — (0.02) 0.11 (0.03)
’24 (0.23) 0.02 (0.03) 0.14 (0.09)
’23 0.11 0.11 0.11 — (0.05)
’22 0.58 0.50 (0.26) 0.11 0.64
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 15 13 13 — —
’25 11 — 13 13 48
’24 — — 9 28 36
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 0 2 0 — —
’25 (1) 0 0 0 (1)
’24 0 0 1 (2) (2)
’23 0 0 0 (11) (11)
’22 (1) 0 0 0 (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) 1 (1) — —
’25 (1) 0 0 0 (2)
’24 0 0 (1) (4) (6)
’23 0 0 0 (22) (23)
’22 (1) 0 0 0 (1)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — 29 36 48 53 +29.2% 57 65 — +16.3%
Gross margin, % — — — — — — — 46.79 43.05 43.01 47.55 (3.8) pt
EBT — — — — — 0 10 (3) (3) (2) 6 +122.9%
EBT margin, % — — — — — 0.00 0.00 (10.16) (7.61) (4.66) 11.63 (4.7) pt
Net income — 0 — — — 0 10 (2) (3) (2) (2) n/m
Per share, $
Per share, $ Revenue — — — — — 0.00 0.00 0.62 0.97 1.08 1.18 n/m
Earnings — — — — — (0.02) 0.64 (0.05) (0.09) (0.03) 0.14 +8.7%
Cash flow — — — — — 0.00 (0.35) (0.24) (0.04) (0.02) 0.02 n/m
Capex — — — — — 0.00 0.00 (0.25) (0.11) (0.01) (0.04) n/m
Free cash flow — — — — — 0.00 (0.35) (0.49) (0.16) (0.04) (0.02) n/m
Book value — — — — — (0.02) (1.69) 0.60 0.61 0.35 0.37 n/m
Shares, m — — — — — 3 3 46 38 44 45 +92.3%
Valuation, ×
Valuation, × P/E — — — — — — — 367.67 0.00 8.00 9.83 125.2
P/S — — — — — — — 0.00 0.00 0.97 1.16 0.3
P/B — — — — — — — 1.30 15.81 4.00 3.74 7.0
EV/Sales — — — — — — — 0.00 0.00 1.30 1.59 0.4
EV/FCF — — — — — — — (4.88) (22.13) (52.44) (89.22) (26.5)
Cash, $m
Cash, $m Operating cash flow — — — — — 0 (1) (11) (2) (1) 1 n/m
Capex — — — — — — — (12) (4) (1) (2) (77.2%)
Free cash flow — — — — — 0 (1) (23) (6) (2) (1) n/m
Balance, $m
Balance, $m Working capital — — — — — (1) 1 9 5 (3) (3) +55.3%
Net debt — — — — — — (1) 19 19 22 23 n/m
Shareholders’ equity — — — — — 0 (5) 27 23 16 16 n/m
Returns, %
Returns, % ROA — — — — — (41.28) 3.07 (2.18) (5.31) (2.51) 9.76 +38.8 pt
ROIC — — — — — 0.00 0.00 (4.21) (5.38) (3.90) 4.11 (3.9) pt
ROE — — — — — 0.00 (75.22) (19.70) (12.82) (7.78) 44.58 (7.8) pt
People
People Employees — — — — — 2 2 1 21 19 — +75.6%
Revenue/emp, $m — — — — — 0.00 0.00 28.73 1.74 2.52 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

FST Corp. vs peers in Leisure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ESCA Escalade, Incorporated $280.5M 11.5× 12.4× −3.21% (below 0%: shrinking) +22.27% (above 0%: growing) +1,211.78% (above 0%: growing) 29.35% 13.21% Compare
AOUT American Outdoor Brands, Inc. $217.7M — (loss-making) 61.8× +25.43% (above 0%: growing) n/m +709.57% (above 0%: growing) 52.97% (5.68%) Compare
XPOF Xponential Fitness, Inc. $217.7M — (loss-making) 157× −13.44% (below 0%: shrinking) n/m −887.84% (below 0%: shrinking) 85.18% 14.42% Compare
CLAR Clarus Corporation $162.7M — (loss-making) — (loss-making) +2.70% (above 0%: growing) n/m +10.44% (above 0%: growing) 40.99% 4.68% Compare
GDHG Golden Heaven Group Holdings Ltd. $65.4M 2.1× — −2.94% (below 0%: shrinking) +7.14% (above 0%: growing) +504.92% (above 0%: growing) 72.08% 0.00% Compare
KBSX FST Corp. $61.6M 9.8× 24.9× +1.99% (above 0%: growing) n/m −281.80% (below 0%: shrinking) 48.75% 0.25%
HERE Here Group Limited $52.9M 13.3× 17.8× −75.96% (below 0%: shrinking) n/m −33.02% (below 0%: shrinking) 26.85% (131.59%) Compare
KMRK K-Tech Solutions Company Limited $31.7M — — — — −84.42% (below 0%: shrinking) — — Compare
NOMA NOMADAR Corp. $22.9M — (loss-making) — +114.20% (above 0%: growing) n/m −8,978.46% (below 0%: shrinking) 89.47% (33.45%) Compare
Median of peers $114.1M 11.5× 39.8× −2.94% — −11.29% 52.97% 0.00%

All 28 Leisure stocks →

FST Corp. (KBSX) Latest News

1 Jun

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16 May

stockrow.com/KBSX · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com