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. In the quarter to June 2026, revenue grew 16.7%, EPS grew 68.2%, free cash flow grew 2,015.4% and total debt fell 12.6%, each against the same quarter a year earlier.

1.33 0.02 +1.53%
Market cap
$59.7M
P/E
11.4×
Fwd P/E
17.9×
Dividend yield
—
F-score
3/9
Altman Z
1.46
Beneish M
−2.27
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 39.33%

Capital & Financial Ratios $m

Market Cap 59.73
Revenue 52.97
Net Income (1.50)
Free Cash Flow (0.09)
Net Debt 21.74
Current Ratio 0.94 (below 1: weak)
Debt/Equity 1.91
P/E ratio 11.39
Fwd P/E 17.90
P/S ratio 1.12
P/B ratio 3.73
Past 5Y EPS Growth —
This Y EPS Growth 157.89% (at or above 15%: strong)
Next Y EPS Growth 100.00% (at or above 15%: strong)
Next Y revenue growth 18.93% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 23.92%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 9 5 7 9
Receivables 5 5 7 6
Inventory 15 15 12 12
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%

Revenue $m

Mar Jun Sep Dec Year
’26 15 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 — — —
’25 (1) 0 4 (4) (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 — — —
’25 (1) 0 4 (5) (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.

EPS $

Mar Jun Sep Dec Year
’26 0.04 (0.02) — — —
’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 (0.30) (0.05)
’22 0.58 0.50 (0.26) 0.11 0.64
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

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — 9.88 10.28 9.00 1.26

Analyst estimates 2026–2028

Powerpack
High — — — — — — 10.51 11.76 14.99 15.48
People
People Employees — — — — — 2 2 1 21 19
Revenue/emp, $m — — — — — 0.00 0.00 28.73 1.74 2.52
Income, $m
Income, $m Revenue — — — — — — — 29 36 48
Gross margin, % — — — — — — — 46.79 43.05 43.01
EBT — — — — — 0 10 (3) (3) (2)
EBT margin, % — — — — — 0.00 0.00 (10.16) (7.61) (4.66)
Net income — 0 — — — 0 10 (2) (3) (2)
Depreciation — — — — — — — 4 4 4
Per share, $
Per share, $ Revenue — — — — — 0.00 0.00 0.62 0.97 1.08
Earnings — — — — — (0.02) 0.64 (0.05) (0.09) (0.03)
Cash flow — — — — — 0.00 (0.35) (0.24) (0.04) (0.02)
Capex — — — — — 0.00 0.00 (0.25) (0.11) (0.01)
Free cash flow — — — — — 0.00 (0.35) (0.49) (0.16) (0.04)
Book value — — — — — (0.02) (1.69) 0.60 0.61 0.35
Shares, m — — — — — 3 3 46 38 44
Valuation, ×
Valuation, × P/E — — — — — — — 367.67 0.00 8.00
P/S — — — — — — — 0.00 0.00 0.97
P/B — — — — — — — 18.54 15.81 4.00
EV/Sales — — — — — — — 0.00 0.00 1.30
EV/FCF — — — — — — — (47.16) (22.13) (52.44)
Cash, $m
Cash, $m Operating cash flow — — — — — 0 (1) (11) (2) (1)
Capex — — — — — — — (12) (4) (1)
Free cash flow — — — — — 0 (1) (23) (6) (2)
Balance, $m
Balance, $m Working capital — — — — — (1) 1 9 5 (3)
Total debt — — — — — — 0 28 25 29
Net debt — — — — — — (1) 19 19 22
Shareholders’ equity — — — — — 0 (5) 27 23 16
Returns, %
Returns, % ROA — — — — — (41.28) 3.07 (2.18) (5.31) (2.51)
ROIC — — — — — 0.00 0.00 (4.21) (5.38) (3.90)
ROE — — — — — 0.00 (75.22) (19.70) (12.82) (7.78)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
AOUT American Outdoor Brands, Inc. $224.2M — (loss-making) — (loss-making) +25.43% (above 0%: growing) n/m +709.57% (above 0%: growing) 52.97% (5.68%) Compare
CLAR Clarus Corporation $134.0M — (loss-making) — (loss-making) +1.65% (above 0%: growing) n/m +105.66% (above 0%: growing) 48.92% 8.12% Compare
PLBY PLBY Group, Inc. $127.0M 171× — (loss-making) +10.91% (above 0%: growing) n/m +86.67% (above 0%: growing) 73.11% 9.53% Compare
GDHG Golden Heaven Group Holdings Ltd. $63.7M 2.1× — −2.94% (below 0%: shrinking) +7.14% (above 0%: growing) +504.92% (above 0%: growing) 72.08% 0.00% Compare
HERE Here Group Limited $61.6M 1.9× 21.9× −69.63% (below 0%: shrinking) n/m −33.02% (below 0%: shrinking) 34.51% (26.68%) Compare
PUSA Powerus Corporation $61.4M — (loss-making) — +17.65% (above 0%: growing) n/m +47.68% (above 0%: growing) 37.46% (107.76%) Compare
KBSX FST Corp. $59.7M 11.4× 17.9× +16.70% (above 0%: growing) n/m +2,015.42% (above 0%: growing) 47.90% 2.07%
KMRK K-Tech Solutions Company Limited $29.5M — — — — −84.42% (below 0%: shrinking) — — Compare
NOMA NOMADAR Corp. $28.5M — (loss-making) — +114.20% (above 0%: growing) n/m −8,978.46% (below 0%: shrinking) 89.47% (33.45%) Compare
Median of peers $62.6M 2.1× — +10.91% — +67.18% 52.97% (5.68%)

All 32 Leisure stocks →

FST Corp. (KBSX) key facts

  • Strength: FST Corp.’s revenue for fiscal 2025 (year ended December 2025) was $48.0 million, up 31.4% from fiscal 2024.
  • FST Corp. (KBSX) is a Leisure company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, KBSX traded at $1.33, a market capitalization of $59.7 million.
  • Return on equity was −7.78% and debt-to-equity 1.91.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.46 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

FST Corp. (KBSX) Latest News

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stockrow.com/KBSX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com