Professional
Added to YB: 2025-10-02
Pitch date: 2025-09-30
KBSX [neutral]
FST Corp.
-2.26%
current return
Author Info
The Lion's Roar is searching for the next long/short idea. Primarily US, SMID cap focused, but looking for value everywhere. Sign up for the newsletter.
Company Info
FST Corp. develops, produces, and sells golf shafts and other sports equipment under the KBS brand in Taiwan and internationally.
Market Cap
$66.7M
Pitch Price
$1.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.2K
P/E
-5.36
EV/Sales
2.36
Sector
Leisure Products
Category
growth
Opportunity at FST Corp (KBSX)?
KBSX (overview): Golf shaft manufacturer w/ 8% global market share, 13% steel segment. Capacity expanded to 1.2M shafts/month (65% utilized), targeting market share gains from Callaway, Cobra, Mizuno. Premium tier drives 60%+ margins, 53% revenue. SPAC costs rolling off 2H25, enabling profitability. 12x 2028 EPS est.
Read full article (6 min)