Fst Corp. (KBSX) intrinsic value & 10-year financials

Fst Corp. (KBSX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 29.2% a year to $48.0M, with an average return on invested capital of -5.3%.

Graham intrinsic value
—
Revenue (FY2025)
$48.0M
Revenue growth (4-yr CAGR)
29.2%
ROIC (10-yr avg)
-5.3%
Free cash flow (FY2025)
-$1.6M

KBSX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $48.0M -$1.5M -$0.03 -$1.6M -4.9% -2.6%
FY2024 $36.5M -$3.2M -$0.09 -$5.7M -10.0% -7.3%
FY2023 $28.7M -$2.2M -$0.05 -$22.8M -10.9% -6.1%
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

FST Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

FST Corp. has historically struggled to out-earn its cost of capital, averaging just -5.3% ROIC.

FST Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, FST Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.00 per share.

KBSX stock: frequently asked questions

What is the intrinsic value of Fst Corp. (KBSX) stock?

Graham's formula only works with positive earnings. Fst Corp. reported diluted EPS of -$0.03 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Fst Corp. generate free cash flow?

Fst Corp. generated -$1.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is KBSX's return on invested capital?

Average ROIC over the last 4 fiscal years was -5.3%, and average return on equity was -9.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KBSX data come from?

From Fst Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 20, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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