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FST Corp is a renowned manufacturer and innovator in the golf industry with a growing portfolio of creative golf products, including acclaimed golf club shafts and other equipment. The Company has engaged in the research, development, manufacturing, and sales of golf club shafts. The Company currently produces and sells golf club shafts under the Company’s own high performance KBS golf club shaft brand, and serves as an original equipment manufacturer (OEM) and original design manufacturer (ODM) for other world-renowned golf equipment brands, golf equipment OEMs, and golf equipment distributors that provide consumers with customized golf club services.
2023
395
Last FY Revenue $36.5M
Last FY EBITDA $1.9M
$104M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
In the most recent fiscal year, FST achieved revenue of $36.5M and an EBITDA of $1.9M.
FST expects next 12-month revenue of XXX and NTM EBITDA of XXX
See FST valuation multiples based on analyst estimates| NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|
| Revenue | XXX | $36.5M | XXX | XXX | XXX |
| Gross Profit | XXX | $15.7M | XXX | XXX | XXX |
| Gross Margin | XXX | 43% | XXX | XXX | XXX |
| EBITDA | XXX | $1.9M | XXX | XXX | XXX |
| EBITDA Margin | XXX | 5% | XXX | XXX | XXX |
| EBIT | XXX | -$3.6M | XXX | XXX | XXX |
| EBIT Margin | XXX | -10% | XXX | XXX | XXX |
| Net Profit | XXX | -$3.2M | XXX | XXX | XXX |
| Net Margin | XXX | -9% | XXX | XXX | XXX |
| Net Debt | XXX | $4.3M | XXX | XXX | XXX |
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As of July 31, 2025, FST's stock price is $2.
FST has current market cap of $78.8M, and EV of $104M.
See FST trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $104M | $78.8M | XXX | XXX | XXX | XXX | n/a |
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Start Free TrialAs of July 31, 2025, FST has market cap of $78.8M and EV of $104M.
FST's trades at 2.9x EV/Revenue multiple, and 55.9x EV/EBITDA.
Equity research analysts estimate FST's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FST's P/E ratio is not available.
See valuation multiples for FST and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $78.8M | XXX | $78.8M | XXX | XXX | XXX |
| EV (current) | $104M | XXX | $104M | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | 55.9x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | -28.6x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | -24.4x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -17.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFST's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $49K for the same period.
FST's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
FST's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for FST and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $49K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 29% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 53% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| AMG Critical Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| ArcelorMittal | XXX | XXX | XXX | XXX | XXX | XXX |
| BHP Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Coronado Global Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Fortescue | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
FST acquired XXX companies to date.
Last acquisition by FST was XXXXXXXX, XXXXX XXXXX XXXXXX . FST acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was FST founded? | FST was founded in 2023. |
| Where is FST headquartered? | FST is headquartered in United States of America. |
| How many employees does FST have? | As of today, FST has 395 employees. |
| Who is the CEO of FST? | FST's CEO is Mr. David Chuang. |
| Is FST publicy listed? | Yes, FST is a public company listed on NAS. |
| What is the stock symbol of FST? | FST trades under KBSX ticker. |
| When did FST go public? | FST went public in 2025. |
| Who are competitors of FST? | Similar companies to FST include e.g. AMG Critical Materials, ArcelorMittal, BHP Group, Coronado Global Resources. |
| What is the current market cap of FST? | FST's current market cap is $78.8M |
| Is FST profitable? | Yes, FST is EBITDA-positive (as of the last 12 months). |
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