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FST Valuation Multiples
Discover revenue and EBITDA valuation multiples for FST and similar public comparables like Osmond Resources, Tubos Reunidos, Lion Rock Minerals, Terramin Australia and more.
FST Overview
About FST
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.
Founded
2023
HQ
Employees
395
Website
Sectors
Financials (FY)
EV
$83M
FST Financials
FST reported last fiscal year revenue of $36M and EBITDA of $2M.
In the same fiscal year, FST generated $16M in gross profit, $2M in EBITDA, and had net loss of ($3M).
FST P&L
In the most recent fiscal year, FST reported revenue of $36M and EBITDA of $2M.
FST expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $36M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $16M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 43% | XXX | XXX | XXX |
| EBITDA | — | XXX | $2M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (10%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($3M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (9%) | XXX | XXX | XXX |
| Net Debt | — | — | $4M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
FST Stock Performance
FST has current market cap of $55M, and enterprise value of $83M.
Market Cap Evolution
FST's stock price is $1.23.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $83M | $55M | 0.0% | XXX | XXX | XXX | $-0.07 |
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Start Free TrialFST Valuation Multiples
FST trades at 2.3x EV/Revenue multiple, and 44.6x EV/EBITDA.
FST Financial Valuation Multiples
As of March 24, 2026, FST has market cap of $55M and EV of $83M.
Equity research analysts estimate FST's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FST has a P/E ratio of (17.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $55M | XXX | $55M | XXX | XXX | XXX |
| EV (current) | $83M | XXX | $83M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 44.6x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (22.9x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.3x | XXX | XXX | XXX |
| P/E | — | XXX | (17.0x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (14.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified FST Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
FST Margins & Growth Rates
FST's revenue in the last fiscal year grew by 27%.
FST Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 27% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 7% | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 29% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 21% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 53% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
FST Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Osmond Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Tubos Reunidos | XXX | XXX | XXX | XXX | XXX | XXX |
| Lion Rock Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| Terramin Australia | XXX | XXX | XXX | XXX | XXX | XXX |
| Blackstone Minerals | 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 M&A Activity
FST acquired XXX companies to date.
Last acquisition by FST was on XXXXXXXX, XXXXX. FST acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by FST
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFST Investment Activity
FST invested in XXX companies to date.
FST made its latest investment on XXXXXXXX, XXXXX. FST invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by FST
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout FST
| When was FST founded? | FST was founded in 2023. |
| Where is FST headquartered? | FST is headquartered in United States. |
| How many employees does FST have? | As of today, FST has over 395 employees. |
| Who is the CEO of FST? | FST's CEO is David Chuang. |
| Is FST publicly listed? | Yes, FST is a public company listed on Nasdaq. |
| 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? | FST main competitors are Osmond Resources, Tubos Reunidos, Lion Rock Minerals, Terramin Australia. |
| What is the current market cap of FST? | FST's current market cap is $55M. |
| What is the current revenue of FST? | FST's last fiscal year revenue is $36M. |
| What is the current EV/Revenue multiple of FST? | Current revenue multiple of FST is 2.3x. |
| Is FST profitable? | No, FST is not profitable. |
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