NASDAQ : KBSX
FST Corp. — Financial statements
Materials · Steel · Taiwan
Last price 1.31 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 58.64M
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Financial statements
FST Corp. (KBSX) reported revenue of 53.22M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 53.22M | 47.97M | 36.50M | 28.73M | 49.78M | 38.97M |
| Cost of Revenue | 27.92M | 27.34M | 20.79M | 15.29M | 23.21M | 22.16M |
| Gross Profit | 25.31M | 20.63M | 15.71M | 13.44M | 26.57M | 16.82M |
| Selling, General & Admin | 20.96M | 21.48M | 18.06M | 15.03M | 14.76M | 12.14M |
| Research & Development | 1.73M | 1.49M | 1.30M | 1.53M | 1.51M | 1.52M |
| Operating Expenses | 22.69M | 22.97M | 19.36M | 16.56M | 16.27M | 13.67M |
| Operating Income | 2.61M | -2.33M | -3.64M | -3.12M | 10.30M | 3.15M |
| Interest Expense | -904.59K | -845.03K | -543.33K | -14.70K | -52.70K | -359.36K |
| Interest & Investment Income | 15.52K | |||||
| Currency Exchange Gain (Loss) | 971.24K | -852.18K | 197.16K | 44.36K | 1.62M | -335.37K |
| Other Non Operating Income (Expenses) | 1.69M | 1.86M | 1.12M | 637.83K | 598.86K | 1.13M |
| EBT Excluding Unusual Items | 4.37M | -2.17M | -2.87M | -2.45M | 12.47M | 3.60M |
| Gain (Loss) on Sale of Investments | 1.82M | -63.64K | 87.48K | -466.26K | ||
| Asset Writedown | -215.24K | |||||
| Other Unusual Items | 2.09K | |||||
| Pretax Income | 6.19M | -2.23M | -2.78M | -2.92M | 12.47M | 3.39M |
| Income Tax Expense | 31.08K | -729.91K | 456.25K | -751.07K | 3.09M | 1.06M |
| Earnings From Continuing Operations | 6.16M | -1.50M | -3.24M | -2.17M | 9.38M | 2.32M |
| Minority Interest in Earnings | -55.60K | 3.73K | ||||
| Net Income | 6.11M | -1.50M | -3.24M | -2.17M | 9.38M | 2.32M |
| Net Income to Common | 6.11M | -1.50M | -3.24M | -2.17M | 9.38M | 2.32M |
| Shares Outstanding (Basic) | 44.65M | 44.48M | 37.75M | 46.21M | 54.55M | 54.52M |
| Shares Outstanding (Diluted) | 44.65M | 44.48M | 37.75M | 46.21M | 54.55M | 54.58M |
| EPS (Basic) | 0.14 | -0.03 | -0.09 | -0.05 | 0.17 | 0.04 |
| EPS (Diluted) | 0.14 | -0.03 | -0.09 | -0.05 | 0.17 | 0.04 |
| Free Cash Flow | -935.28K | -1.60M | -5.72M | -22.79M | 10.27M | 3.07M |
| Free Cash Flow Per Share | -0.02 | -0.04 | -0.15 | -0.49 | 0.19 | 0.06 |
| Dividend Per Share | 0.01 | |||||
| Gross Margin | 47.55% | 43.01% | 43.05% | 46.79% | 53.38% | 43.16% |
| Operating Margin | 4.91% | -4.87% | -9.98% | -10.86% | 20.70% | 8.09% |
| Profit Margin | 11.47% | -3.13% | -8.86% | -7.54% | 18.83% | 5.95% |
| Free Cash Flow Margin | -1.76% | -3.34% | -15.66% | -79.33% | 20.63% | 7.88% |
| EBITDA | 5.02M | -127.52K | -1.71M | -1.30M | 11.85M | 4.27M |
| EBITDA Margin | 9.44% | -0.27% | -4.69% | -4.54% | 23.80% | 10.95% |
| D&A For EBITDA | 2.41M | 2.21M | 1.93M | 1.82M | 1.54M | 1.12M |
| EBIT | 2.61M | -2.33M | -3.64M | -3.12M | 10.30M | 3.15M |
| EBIT Margin | 4.91% | -4.87% | -9.98% | -10.86% | 20.70% | 8.09% |
| Effective Tax Rate | 0.50% | 24.82% | 31.45% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.13M | 7.18M | 5.10M | 8.90M | 20.74M | 5.61M |
| Short-Term Investments | 7.29K | 68.57K | 74.43K | 22.78K | 4.94M | |
| Cash & Short-Term Investments | 6.13M | 7.19M | 5.17M | 8.98M | 20.76M | 10.56M |
| Accounts Receivable | 7.96M | 6.98M | 5.29M | 4.73M | 6.31M | 5.38M |
| Other Receivables | 77.27K | 146.41K | 372.55K | 346.02K | 307.65K | 271.79K |
| Receivables | 8.04M | 7.13M | 5.67M | 5.08M | 6.61M | 5.66M |
| Inventory | 12.89M | 12.25M | 14.59M | 15.29M | 8.67M | 6.51M |
| Prepaid Expenses | 2.07M | 673.82K | 921.39K | 627.64K | 521.79K | 527.80K |
| Restricted Cash | 517.34K | 158.87K | 203.78K | 401.11K | 81.54K | |
| Other Current Assets | 89.32K | 103.19K | 109.53K | 55.48K | 109.19K | |
| Total Current Assets | 29.64M | 27.49M | 26.66M | 30.48M | 36.70M | 23.36M |
| Property, Plant & Equipment | 25.49M | 24.81M | 24.94M | 25.13M | 14.87M | 14.32M |
| Long-Term Investments | 739.28K | 551.63K | 344.88K | 195.56K | 667.53K | 805.33K |
| Other Intangible Assets | 4.59M | 4.83M | 5.14M | 5.33M | 5.64M | 5.72M |
| Long-Term Deferred Tax Assets | 1.68M | 1.69M | 380.89K | 1.15M | 883.75K | 625.30K |
| Other Long-Term Assets | 1.17M | 1.55M | 1.01M | 1.08M | 1.22M | 1.80M |
| Total Assets | 63.30M | 60.92M | 58.47M | 63.38M | 59.98M | 46.63M |
| Accounts Payable | 3.35M | 3.03M | 1.50M | 1.22M | 1.68M | 1.35M |
| Accrued Expenses | 5.83M | 6.03M | 2.65M | 2.78M | 4.92M | 179.88K |
| Short-Term Debt | 20.52M | 15.63M | 13.88M | 13.19M | 5.64M | 7.00M |
| Current Portion of Long-Term Debt | 2.57M | 1.39M | 1.05M | 1.81M | ||
| Current Portion of Leases | 1.57M | 2.33M | 2.06M | 2.17M | 2.17M | 1.91M |
| Current Income Taxes Payable | 708.39K | 367.90K | 126.33K | 301.60K | 2.89M | 435.28K |
| Current Unearned Revenue | 180.61K | 166.58K | 35.08K | 98.71K | 34.82K | |
| Other Current Liabilities | 203.38K | 286.32K | 343.58K | 618.54K | 577.64K | 3.57M |
| Total Current Liabilities | 32.17M | 30.42M | 22.11M | 21.36M | 19.80M | 14.48M |
| Long-Term Debt | 9.37M | 10.96M | 9.45M | 8.60M | 1.36M | |
| Long-Term Leases | 5.28M | 3.97M | 3.91M | 5.26M | 5.82M | 6.58M |
| Pension & Post-Retirement Benefits | 4.82K | 39.37K | ||||
| Long-Term Deferred Tax Liabilities | 663.41K | 580.69K | 478.22K | |||
| Other Long-Term Liabilities | 7.38K | 9.62K | ||||
| Total Liabilities | 46.83M | 45.37M | 35.47M | 35.88M | 27.56M | 21.58M |
| Common Stock | 4.50K | 4.48K | 3.77K | 17.95M | 13.99M | 15.14M |
| Additional Paid-In Capital | 15.80M | 15.40M | 22.25M | 4.44M | 4.44M | 4.81M |
| Retained Earnings | 2.67M | 1.57M | 3.05M | 6.31M | 15.17M | 6.31M |
| Comprehensive Income & Other | -1.93M | -1.54M | -2.47M | -1.21M | -1.19M | -1.20M |
| Total Common Equity | 16.47M | 15.43M | 22.83M | 27.49M | 32.42M | 25.05M |
| Minority Interest | 121.83K | 164.32K | ||||
| Shareholders' Equity | 16.47M | 15.55M | 23.00M | 27.49M | 32.42M | 25.05M |
| Total Liabilities & Equity | 63.30M | 60.92M | 58.47M | 63.38M | 59.98M | 46.63M |
| Total Debt | 36.73M | 35.47M | 30.68M | 30.26M | 16.81M | 15.49M |
| Net Cash (Debt) | -30.60M | -28.28M | -25.52M | -21.28M | 3.95M | -4.94M |
| Net Cash Per Share | -0.69 | -0.64 | -0.68 | -0.46 | 0.07 | -0.09 |
| Filing Date Shares Outstanding | 44.99M | 44.77M | 37.75M | 54.55M | 54.55M | 54.55M |
| Total Common Shares Outstanding | 44.99M | 44.77M | 37.75M | 54.55M | 54.55M | 54.55M |
| Working Capital | -2.54M | -2.94M | 4.54M | 9.12M | 16.91M | 8.88M |
| Book Value Per Share | 0.37 | 0.34 | 0.60 | 0.50 | 0.59 | 0.46 |
| Tangible Book Value | 11.89M | 10.60M | 17.70M | 22.16M | 26.78M | 19.33M |
| Tangible Book Value Per Share | 0.26 | 0.24 | 0.47 | 0.41 | 0.49 | 0.35 |
| Land | 10.35M | 9.95M | 9.40M | |||
| Machinery | 16.51M | 15.40M | 15.97M | 14.09M | 13.38M | |
| Construction In Progress | 1.01M | 971.27K | 1.59M | 1.18M | 1.80M | |
| Leasehold Improvements | 4.88M | 4.63M | 2.84M | 2.52M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.11M | -1.50M | -3.24M | -2.17M | 9.38M | 2.32M |
| Depreciation & Amortization | 4.48M | 4.48M | 4.10M | 4.10M | 3.54M | 2.69M |
| Other Amortization | 79.60K | |||||
| Loss (Gain) From Sale of Assets | 18.98K | 18.98K | -1.48K | -21.75K | ||
| Asset Writedown & Restructuring Costs | 215.24K | |||||
| Loss (Gain) From Sale of Investments | 63.64K | 63.64K | -87.48K | 466.26K | ||
| Provision & Write-off of Bad Debts | 227.76K | 227.76K | 34.73K | -153.28K | 363.25K | |
| Other Operating Activities | -7.85M | -2.13M | 642.20K | -490.01K | -12.92K | 62.39K |
| Change in Accounts Receivable | -1.78M | -1.78M | -782.83K | 1.73M | -1.51M | -13.03K |
| Change in Inventory | 2.53M | 2.53M | -445.30K | -6.75M | -2.13M | 1.17M |
| Change in Accounts Payable | 1.51M | 1.51M | 332.07K | -466.54K | 412.30K | 436.26K |
| Change in Income Taxes | 235.14K | 235.14K | -162.01K | -2.11M | 2.55M | |
| Change in Other Net Operating Assets | -4.66M | -4.66M | -1.97M | -5.36M | 153.54K | 243.10K |
| Operating Cash Flow | 881.49K | -1.00M | -1.58M | -11.21M | 12.72M | 7.20M |
| Capital Expenditures | -1.82M | -602.96K | -4.14M | -11.59M | -2.45M | -4.13M |
| Sale of Property, Plant & Equipment | 6.63K | 1.48K | 27.57K | |||
| Sale (Purchase) of Intangibles | -22.30K | -7.21K | -177.54K | -33.69K | -3.97K | |
| Investment in Securities | -342.91K | -195.66K | -138.90K | -7.06K | -2.01M | |
| Other Investing Activities | -262.76K | |||||
| Investing Cash Flow | -2.18M | -799.20K | -4.45M | -11.59M | -2.46M | -6.41M |
| Short-Term Debt Issued | 27.82M | |||||
| Long-Term Debt Issued | 52.60M | 41.61M | 38.75M | 31.98M | ||
| Total Debt Issued | 51.06M | 52.60M | 41.61M | 38.75M | 31.98M | 27.82M |
| Short-Term Debt Repaid | -25.57M | |||||
| Long-Term Debt Repaid | -49.24M | -37.90M | -24.73M | -29.40M | -1.46M | |
| Lease Payments | -1.46M | |||||
| Total Debt Repaid | -48.81M | -49.24M | -37.90M | -24.73M | -29.40M | -27.03M |
| Net Debt Issued (Repaid) | 2.25M | 3.35M | 3.71M | 14.02M | 2.58M | 788.69K |
| Issuance of Common Stock | 38.03K | |||||
| Common Dividends Paid | -2.72M | -281.68K | ||||
| Other Financing Activities | -317.27K | -38.75K | ||||
| Financing Cash Flow | 1.93M | 3.32M | 3.71M | 11.30M | 2.30M | 826.72K |
| Foreign Exchange Rate Adjustments | -2.17M | 519.79K | -1.68M | -20.91K | -2.34M | -236.13K |
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | -1.54M | 2.04M | -4.00M | -11.52M | 10.22M | 1.38M |
| Free Cash Flow | -935.28K | -1.60M | -5.72M | -22.79M | 10.27M | 3.07M |
| Free Cash Flow Margin | -1.76% | -3.34% | -15.66% | -79.33% | 20.63% | 7.88% |
| Free Cash Flow Per Share | -0.02 | -0.04 | -0.15 | -0.49 | 0.19 | 0.06 |
| Levered Free Cash Flow | -2.61M | 8.18M | -2.98M | -20.23M | 8.22M | 2.18M |
| Unlevered Free Cash Flow | -2.05M | 8.71M | -2.64M | -20.22M | 8.25M | 2.41M |
| Free Cash Flow After Leases | -935.28K | -1.60M | -5.72M | -22.79M | 10.27M | 1.61M |
| Cash Interest Paid | 657.05K | 657.05K | 506.01K | 282.48K | 155.40K | 359.15K |
| Cash Income Tax Paid | 297.85K | 297.85K | 466.13K | 2.56M | 790.30K | 506.26K |
| Change in Working Capital | -2.16M | -2.16M | -3.03M | -12.96M | -527.44K | 1.83M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 61.33M | 62.67M | 525.36M | 601.73M | 560.82M | |
| Enterprise Value | 91.93M | 90.03M | 545.56M | 604.90M | 564.31M | |
| Last Close Price | 1.37 | 1.40 | 9.63 | 11.03 | 10.28 | |
| PE Ratio | 10.02 | 59.82 | ||||
| PS Ratio | 1.15 | 1.31 | 14.39 | 20.94 | 11.27 | |
| PB Ratio | 3.74 | 4.03 | 22.84 | 21.89 | 17.30 | |
| P/TBV Ratio | 5.16 | 5.91 | 29.69 | 27.15 | 20.94 | |
| P/FCF Ratio | 54.61 | |||||
| P/OCF Ratio | 69.57 | 44.09 | ||||
| EV/Sales Ratio | 1.73 | 1.88 | 14.95 | 21.05 | 11.34 | |
| EV/EBITDA Ratio | 18.30 | 47.64 | ||||
| EV/EBIT Ratio | 35.21 | 54.78 | ||||
| EV/FCF Ratio | 54.95 | |||||
| Debt / Equity Ratio | 2.23 | 2.28 | 1.33 | 1.10 | 0.52 | 0.62 |
| Debt / EBITDA Ratio | 4.58 | 12.73 | 28.18 | 22.86 | 1.19 | 2.65 |
| Debt / FCF Ratio | 1.64 | 5.05 | ||||
| Net Debt / Equity Ratio | 1.86 | 1.82 | 1.11 | 0.77 | -0.12 | 0.20 |
| Net Debt / EBITDA Ratio | 6.09 | -221.77 | -14.90 | -16.32 | -0.33 | 1.16 |
| Net Debt / FCF Ratio | -32.72 | -17.64 | -4.46 | -0.93 | -0.39 | 1.61 |
| Asset Turnover | 0.86 | 0.80 | 0.60 | 0.47 | 0.98 | 0.89 |
| Inventory Turnover | 2.14 | 2.04 | 1.39 | 1.28 | 3.19 | 3.12 |
| Quick Ratio | 0.44 | 0.47 | 0.49 | 0.66 | 1.38 | 1.12 |
| Current Ratio | 0.92 | 0.90 | 1.21 | 1.43 | 1.85 | 1.61 |
| Return on Equity (ROE) | 45.27% | -7.80% | -12.81% | -7.24% | 34.08% | 9.62% |
| Return on Assets (ROA) | 2.63% | -2.44% | -3.74% | -3.16% | 12.62% | 4.52% |
| Return on Invested Capital (ROIC) | 5.66% | -5.05% | -7.49% | -8.08% | 26.50% | 7.43% |
| Return on Capital Employed (ROCE) | 8.40% | -7.70% | -10.00% | -7.40% | 25.60% | 9.80% |
| Earnings Yield | 9.98% | -2.39% | -0.62% | -0.36% | 1.67% | |
| FCF Yield | -1.52% | -2.56% | -1.09% | -3.79% | 1.83% | |
| Payout Ratio | 3.00% | |||||
| Buyback Yield / Dilution | -46.82% | -17.82% | 18.30% | 15.30% | 0.04% | -0.12% |
| Total Shareholder Return | -46.82% | -17.82% | 18.30% | 15.30% | 0.04% | -0.12% |