FST Corp. Ordinary Shares (KBSX) - Net Assets
Based on the latest financial reports, FST Corp. Ordinary Shares (KBSX) has net assets worth $10.74 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($61.01 Million) and total liabilities ($50.27 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of FST Corp. Ordinary Shares to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.74 Million |
| % of Total Assets | 17.61% |
| Annual Growth Rate | 0.14% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 19.01 |
FST Corp. Ordinary Shares - Net Assets Trend (2020–2024)
This chart illustrates how FST Corp. Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Also explore total assets of FST Corp. Ordinary Shares for the complete picture of this company's asset base.
Annual Net Assets for FST Corp. Ordinary Shares (2020–2024)
The table below shows the annual net assets of FST Corp. Ordinary Shares from 2020 to 2024. For live valuation and market cap data, see FST Corp. Ordinary Shares stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $23.00 Million | -16.14% |
| 2023-12-31 | $27.42 Million | -15.41% |
| 2022-12-31 | $32.42 Million | +29.53% |
| 2021-12-31 | $25.03 Million | +9.44% |
| 2020-12-31 | $22.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FST Corp. Ordinary Shares's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 21.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.05 Million | 13.38% |
| Common Stock | $3.77K | 0.02% |
| Other Comprehensive Income | $-2.47 Million | -10.82% |
| Other Components | $22.25 Million | 97.43% |
| Total Equity | $22.83 Million | 100.00% |
FST Corp. Ordinary Shares Competitors by Market Cap
The table below lists competitors of FST Corp. Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Namyang Dairy Products Co Ltd Peffered Series 1
KO:003925
|
$51.71 Million |
|
Joinsoon Electronics MFG Co Ltd
TWO:3322
|
$51.71 Million |
|
Hyweb Technology Co Ltd
TWO:5212
|
$51.72 Million |
|
Stars Microelectronics (Thailand) PCL
BK:SMT
|
$51.72 Million |
|
LEMON Co. Ltd
KQ:294140
|
$51.70 Million |
|
Bewhere Holdings Inc
V:BEW
|
$51.67 Million |
|
Amplitech Group Inc
NASDAQ:AMPG
|
$51.62 Million |
|
Estrella Resources Ltd
AU:ESR
|
$51.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FST Corp. Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,424,065 to 22,833,957, a change of -4,590,108 (-16.7%).
- Net loss of 3,235,175 reduced equity.
- Share repurchases of 4,749,665 reduced equity.
- Other comprehensive income decreased equity by 4,412,743.
- Other factors increased equity by 7,807,475.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.24 Million | -14.17% |
| Share Repurchases | $4.75 Million | -20.8% |
| Other Comprehensive Income | $-4.41 Million | -19.33% |
| Other Changes | $7.81 Million | +34.19% |
| Total Change | $- | -16.74% |
Book Value vs Market Value Analysis
This analysis compares FST Corp. Ordinary Shares's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.40x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.05x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.42 | $1.28 | x |
| 2021-12-31 | $0.46 | $1.28 | x |
| 2022-12-31 | $0.72 | $1.28 | x |
| 2023-12-31 | $0.59 | $1.28 | x |
| 2024-12-31 | $3.21 | $1.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FST Corp. Ordinary Shares utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.86%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.57x
- Recent ROE (-14.17%) is below the historical average (2.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 3.68% | 3.05% | 0.69x | 1.75x | $-1.45 Million |
| 2021 | -0.36% | -0.23% | 0.84x | 1.86x | $-2.59 Million |
| 2022 | 28.92% | 18.84% | 0.83x | 1.85x | $6.13 Million |
| 2023 | -7.91% | -7.55% | 0.45x | 2.31x | $-4.91 Million |
| 2024 | -14.17% | -8.86% | 0.62x | 2.57x | $-5.52 Million |
Industry Comparison
This section compares FST Corp. Ordinary Shares's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $467,102,905
- Average return on equity (ROE) among peers: 12.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FST Corp. Ordinary Shares (KBSX) | $10.74 Million | 3.68% | 4.68x | $51.70 Million |
| Cleveland-Cliffs Inc (CLF) | $407.40 Million | 13.48% | 0.70x | $5.92 Billion |
| Commercial Metals Company (CMC) | $1.40 Billion | 3.31% | 1.12x | $7.61 Billion |
| Friedman Industries Inc. Common Stock (FRD) | $63.05 Million | 4.38% | 0.18x | $137.98 Million |
| Friedman Industries Inc. Common Stock (FRD) | $62.96 Million | 9.75% | 0.22x | $138.83 Million |
| Gerdau SA ADR (GGB) | $2.18 Billion | 16.21% | 1.92x | $5.42 Billion |
| Hongli Group Inc. Ordinary Shares (HLP) | $53.49 Million | -3.52% | 0.22x | $61.39 Million |
| Huadi International Group Co Ltd (HUDI) | $12.00 Million | 76.97% | 5.60x | $17.02 Million |
| Inno Holdings Inc. Common Stock (INHD) | $15.17 Million | -46.68% | 0.06x | $9.59 Million |
| Luda Technology Group Limited (LUD) | $13.12 Million | 37.67% | 1.43x | $136.59 Million |
About FST Corp. Ordinary Shares
FST Corp. develops, produces, and sells golf shafts and other sports equipment under the KBS brand in Taiwan and internationally. 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 provides tight dispersion, trajectory, additional spin, and longer distance in a lightweight package; KBS TOUR-V Seri… Read more