FST Corp.

NasdaqGM:KBSX Stock Report

Market Cap: US$53.7m

FST Management

Management criteria checks 2/4

FST's CEO is David Chuang, appointed in Jan 2025, has a tenure of 1.42 years. total yearly compensation is $454.26K, comprised of 74.9% salary and 25.1% bonuses, including company stock and options. directly owns 6.87% of the company’s shares, worth $3.69M. The average tenure of the management team and the board of directors is 1.2 years and 1.4 years respectively.

Key information

David Chuang

Chief executive officer

US$454.3k

Total compensation

CEO salary percentage74.88%
CEO tenure1.4yrs
CEO ownership6.9%
Management average tenure1.2yrs
Board average tenure1.4yrs

Recent management updates

Recent updates

Analysis Article • Jan 29

Market Participants Recognise FST Corp.'s (NASDAQ:KBSX) Revenues

It's not a stretch to say that FST Corp.'s ( NASDAQ:KBSX ) price-to-sales (or "P/S") ratio of 1.2x right now seems...
Analysis Article • Oct 17

There's Reason For Concern Over FST Corp.'s (NASDAQ:KBSX) Price

When close to half the companies in the Leisure industry in the United States have price-to-sales ratios (or "P/S...
Seeking Alpha • Jun 20

The Drive For Profits Is Missing The Green At FST Corp.

Summary FST Corp.'s SPAC merger and niche golf focus make it a unique but high-risk investment, with shares down nearly 80% since IPO. Sales spike when golfers using FST equipment win major tournaments, but rising expenses outpace revenue growth, pressuring profitability. The company's financial trajectory is concerning, with losses accelerating and a need to raise cash in the next 12 months. I rate FST as a hold for only the most risk-tolerant investors, given its uncertain outlook and speculative turnaround potential. Read the full article on Seeking Alpha
Analysis Article • Mar 07

Some FST Corp. (NASDAQ:KBSX) Shareholders Look For Exit As Shares Take 28% Pounding

To the annoyance of some shareholders, FST Corp. ( NASDAQ:KBSX ) shares are down a considerable 28% in the last month...
Analysis Article • Jan 20

Some FST Corp. (NASDAQ:KBSX) Shareholders Look For Exit As Shares Take 45% Pounding

FST Corp. ( NASDAQ:KBSX ) shareholders that were waiting for something to happen have been dealt a blow with a 45...

CEO Compensation Analysis

How has David Chuang's remuneration changed compared to FST's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

US$3m

Dec 31 2025US$454kUS$340k

-US$2m

Sep 30 2025n/an/a

-US$8m

Jun 30 2025n/an/a

-US$9m

Mar 31 2025n/an/a

-US$6m

Dec 31 2024US$137kn/a

-US$3m

Sep 30 2024n/an/a

-US$2m

Jun 30 2024n/an/a

-US$1m

Mar 31 2024n/an/a

-US$2m

Dec 31 2023US$405kn/a

-US$2m

Compensation vs Market: David's total compensation ($USD454.26K) is about average for companies of similar size in the US market ($USD645.37K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Chuang (48 yo)

1.4yrs
Tenure
US$454,259
Compensation

Mr. David Chuang is Chairman and Chief Executive Officer of FST Corp. during this period, he has been instrumental in leading FST from a small steel shaft manufacturer in Taiwan into one of the largest gol...

Leadership Team

NamePositionTenureCompensationOwnership
David Chuang
CEO & Chairman1.4yrsUS$454.26k6.87%
$ 3.7m
Cheng-Teng Huang
COO, President and Head of Production & Supply Chains1.2yrsUS$143.04k0.16%
$ 86.9k
Sebastian Tadla
Chief Financial Officer1.2yrsUS$174.25k0.0012%
$ 639.3
Hui-Ting Hsu
Accounting Manager4.6yrsUS$62.99k0.032%
$ 17.4k
Wen-Chi Chao
Executive Vice President of General Administration & Compliance1.2yrsUS$110.82k0.077%
$ 41.3k
Rob Cheng
President & Head of FST Golf1.2yrsUS$300.00kno data
1.2yrs
Average Tenure
47.5yo
Average Age

Experienced Management: KBSX's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
David Chuang
CEO & Chairman1.4yrsUS$454.26k6.87%
$ 3.7m
Huoy-Ming Yeh
Independent Director1.4yrsUS$20.00kno data
Shintaro Tanahara
Directorno dataUS$20.00k14.06%
$ 7.6m
Ping-Chia Chen
Independent Director1.4yrsUS$20.00kno data
Yu-Cheng Li
Independent Director1.4yrsUS$20.00kno data
Lin Liu
Director1.4yrsUS$20.00kno data
Houston Li
Independent Directorless than a yearno datano data
1.4yrs
Average Tenure
54yo
Average Age

Experienced Board: KBSX's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/20 16:44
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FST Corp. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Barry SineLitchfield Hills Research, LLC
Thomas KerrZacks Small-Cap Research