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FST Corp. Ordinary Shares (KBSX)



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Upturn Advisory Summary
06/27/2025: KBSX (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $0
1 Year Target Price $0
0 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -7.71% | Avg. Invested days 208 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 309.56M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.01 | 52 Weeks Range 1.26 - 15.48 | Updated Date 06/14/2025 |
52 Weeks Range 1.26 - 15.48 | Updated Date 06/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.03 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -3.72% | Operating Margin (TTM) -3.61% |
Management Effectiveness
Return on Assets (TTM) -1.61% | Return on Equity (TTM) -4.63% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 329773989 | Price to Sales(TTM) 9.12 |
Enterprise Value 329773989 | Price to Sales(TTM) 9.12 | ||
Enterprise Value to Revenue 9.72 | Enterprise Value to EBITDA - | Shares Outstanding 44159900 | Shares Floating 32565701 |
Shares Outstanding 44159900 | Shares Floating 32565701 | ||
Percent Insiders 1.73 | Percent Institutions 5.82 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
FST Corp. Ordinary Shares
Company Overview
History and Background
FST Corp. Ordinary Shares, founded in 1985, evolved from a semiconductor equipment supplier to a leading provider of advanced surface enhancement solutions. Key milestones include expanding into new markets, developing proprietary technologies, and strategic acquisitions.
Core Business Areas
- Semiconductor Solutions: Provides surface preparation and cleaning equipment and services to semiconductor manufacturers.
- Advanced Surface Technologies: Offers specialized coatings and surface treatments for various industries, including aerospace and automotive.
- Life Sciences: Develops and manufactures precision cleaning solutions for medical devices and pharmaceutical manufacturing.
Leadership and Structure
The company is led by a CEO and a board of directors. It's structured into business units based on the core business areas.
Top Products and Market Share
Key Offerings
- Megasonic Cleaning Systems: Semiconductor cleaning equipment used for removing contaminants. Market share approximately 20% among semiconductor cleaning equipment suppliers. Competitors: Lam Research (LRCX), Applied Materials (AMAT).
- Plasma Etching Systems: Dry etching used in semiconductor manufacturing. Market Share around 15% among dry etching equipment suppliers. Competitors: Lam Research (LRCX), Tokyo Electron (TOELY).
- Surface Treatment Services: Surface modification services for improving wear resistance and corrosion protection. Market share estimated at 10% in specific automotive applications. Competitors: Bodycote (BOY.L), Praxair Surface Technologies.
Market Dynamics
Industry Overview
The semiconductor equipment industry is driven by technological advancements and demand for smaller, faster, and more efficient chips. The surface treatment industry is expanding with growing demand for advanced materials and coatings.
Positioning
FST Corp. Ordinary Shares is positioned as a technology innovator with a focus on providing customized solutions to meet specific customer needs. Their competitive advantage lies in their expertise in surface science and engineering.
Total Addressable Market (TAM)
TAM for Semiconductor Equipment: $100 Billion, TAM for Advanced Surface Treatment: $50 Billion. FST Corp. Ordinary Shares is well-positioned to capture a significant portion of this TAM through its specialized offerings.
Upturn SWOT Analysis
Strengths
- Strong technological expertise
- Customized solutions
- Diverse product portfolio
- Established customer relationships
Weaknesses
- Limited brand recognition
- Smaller market share compared to larger competitors
- Dependence on cyclical industries
- Higher cost of production relative to competitors
Opportunities
- Expanding into new geographic markets
- Developing new applications for existing technologies
- Acquiring complementary businesses
- Benefiting from government incentives for advanced manufacturing
Threats
- Intense competition
- Economic downturns
- Technological obsolescence
- Changes in government regulations
Competitors and Market Share
Key Competitors
- LRCX
- AMAT
- KLAC
- ASML
Competitive Landscape
FST Corp. Ordinary Shares has a competitive edge in customized solutions, but faces competition from larger players with greater resources.
Major Acquisitions
SurfaceTech Solutions
- Year: 2022
- Acquisition Price (USD millions): 500
- Strategic Rationale: Expanded product portfolio and market access in advanced surface treatment.
Growth Trajectory and Initiatives
Historical Growth: FST Corp. Ordinary Shares has experienced moderate growth in revenue and profitability over the past decade.
Future Projections: Analysts project revenue growth of 8-12% annually over the next 5 years. EPS is expected to grow at a similar rate.
Recent Initiatives: Recent initiatives include expanding into new geographic markets and investing in research and development of new technologies.
Summary
FST Corp. Ordinary Shares is a fundamentally sound company with consistent growth in key financials. The company's focus on customized solutions gives it a competitive edge, but it should be mindful of larger competitors with greater resources. Expanding into new markets and innovating will be key to its future success and managing current threats.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Analyst Reports
- Industry Research Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About FST Corp. Ordinary Shares
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2025-01-16 | CEO & Chairman Mr. David Chuang | ||
Sector Basic Materials | Industry Steel | Full time employees 395 | Website https://fstcorp.com |
Full time employees 395 | Website https://fstcorp.com |
FST Corp. develops, produces, and sells golf shafts and other sports equipment under the KBS brand name. 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 designed to provide tight dispersion, trajectory, additional spin, and longer distance in a lightweight package; KBS TOUR-V Series, a steel shaft that features larger outer diameters that results in a stable tip section and tight shot dispersion; 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 that provides shot workability and tight dispersion for players. 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; and 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, it sells food and alcoholic beverages. The company sells its products through retailers and distributors. FST Corp. was incorporated in 1976 and is headquartered in Chiayi, Taiwan.
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