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KBKBSX

FST Corp.

$KBSX·$51M·Steel·Basic Materials
$0.96-9.4%YTD-19.3%1Y-33.1%
Mentions · last 7 days
2026-07-29: 0 posts2026-07-30: 0 posts2026-07-31: 0 posts2026-08-01: 0 posts2026-08-02: 2 posts2026-08-03: 5 posts2026-08-04: 5 posts12
Price updated 1m ago·X counts updated 2d ago
KBKBSX
$KBSXFST Corp.
$0.96-9.42%12 posts
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $KBSX, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Too early to tellWinding up for a moveAI verdict · as of 2026-08-06

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

FST Corp (KBSX) is a $51M Taiwan-based golf-shaft micro-cap — KBS Putter Shafts selected as stock offering across TaylorMade's new Spider Tour and Spider ZT Max putters.

FST Corp. is a Taiwan-based specialty manufacturer of steel golf shafts — its KBS brand is well-known in golf-club-fitting circles, particularly for iron shafts. Recent expansion into putter shafts represents an addressable-market extension.

The mechanics of the setup:

  • Q2 revenue was $12.6M, up 9.7% YoY — modest growth reflecting golf-industry stability and putter-shaft expansion.
  • Q2 EPS was -$0.024 versus $0.01 expected — a large miss on the bottom line, though on very small absolute numbers.
  • Q3 EPS estimate for November 17 is $0.01 — small profit expected.
  • Q2 gross margin at 47.9% reflects the specialty-shaft-manufacturing economics.
  • The August 4 news that KBS Putter Shafts were selected as stock offering across TaylorMade Golf's new Spider Tour and Spider ZT Max putters is a real named commercial win — being on tour-supply and stock-configuration means recurring high-volume orders.
  • The July 6 424B5 filing established a $10.4M at-the-market equity offering program — the capital raise is real, and could dilute existing shareholders as it's drawn down.
  • The August 11 Skyline Signature Series live presentation is an IR-engagement move signaling active outreach to investors.
  • At $51M market cap and 0.95x TTM P/S the multiple is compressed for a niche-brand golf-shaft manufacturer with a real product mix.
  • D/E 2.34 reflects the manufacturing capital structure.

The path from here is defined by the November 17 Q3 print + TaylorMade putter-shaft revenue trajectory. Continued volume growth + narrowing losses + at-the-market program timing management re-rate toward $2; further burn + full at-the-market draw resets to $0.60.

What to watch: November 17 Q3 print — TaylorMade revenue contribution, cash-runway, and at-the-market program pace. Volume growth + narrowing losses re-rates toward $2; further burn + full at-the-market draw resets to $0.60.

On the calendar: 2026-11-17 — Q3 2026 earnings

missing sentiment

Read the AI verdict + X sentiment for $KBSX

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Taiwan-based manufacturer of steel golf shafts sold under the KBS brand to OEM golf club makers and distributors worldwide.

Industry overviewAI analysisGenerated by AI from underlying data

Where Steel sits in its cycle right now — and what that implies for $KBSX.

Steel · Basic Materials

No material change from last week — domestic content requirements in US infrastructure spending favor NUE and STLD over imported steel.

Top industry ETF

$SLXVanEck Steel ETF
+26.6%YTD
+63.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-159.2How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-0.7%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
1.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-0.1%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
1.0Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-3.6%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
45.3%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
2.3Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 28, 2026$-0.02$0.01-300.0%
Q1 2026May 5, 2026$0.04——
Q4 2025Feb 13, 2026$-0.01$-0.010.0%
Q3 2025Nov 18, 2025$-0.02——
Next earningsTue, Nov 17·consensus EPS $0.01

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$12.6M+9.7%47.9%2.1%$-0.02$950K
Q1 FY26$14.6M+36.2%51.6%14.9%$0.04$-634K
Q4 FY25$13.2M+30.4%41.6%1.1%$0.11$-4.6M
Q3 FY25$12.6M+47.2%39.2%-7.5%$-0.01$4.2M

Forward consensus

2-year forecast · up to 2 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$57.6M$57.2M – $58.1M$0.07$0.05 – $0.092
FY27$65.6M$64.1M – $67.1M$0.11$0.07 – $0.152

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.4×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.26%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-0.4%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-17.2%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatLow float · 34.5M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.1% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

424B5Prospectus supplement (offering)Jul 6424B5
AI summary

KBSX filed a 424B5 prospectus supplement for an offering of common stock via an at-the-market program worth approximately $10,400,000. proceeds of any Ordinary Shares sold under the Sales Agreement. This prospectus finalises a specific drawdown under KBSX's existing shelf registration.

424B5Prospectus supplement (offering)Jul 2424B5
AI summary

KBSX filed a 424B5 prospectus supplement for an offering of common stock via an at-the-market program worth approximately $10,400,000. proceeds of any Ordinary Shares sold under the Sales Agreement. This prospectus finalises a specific drawdown under KBSX's existing shelf registration.

3New insider — initial holdingsMay 43
+ 11 other (6 6-Ks · 1 6-K/A · 1 EFFECT · 1 F-3) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

FST Corp. to Deliver a Live Presentation at the Skyline Signature SeriesTM on Tuesday, August 11 at 12 PM ETnewsfilecorp.com·2d agoFST Corp.'s KBS Putter Shafts Selected as Stock Offering Across TaylorMade Golf's New Spider Tour and Spider ZT Max Putter Familiesnewsfilecorp.com·3d agoFST Corp. Reports Second Quarter 2026 Financial Resultsnewsfilecorp.com·9d agoFST Corp. Establishes $10.4 Million At-the-Market Equity Offering Programnewsfilecorp.com·35d agoFST Corp to Attend and Present at the Planet MicroCap Las Vegas Powered by MicroCapClub, June 17-18, 2026newsfilecorp.com·65d ago

More in Steel

Peers in the same group — one click to compare setups, fundamentals, and chatter.

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Voices on X · last 7 days

No standout posts about $KBSX on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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