Skytech Inc. (6937) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Skytech Inc. stock TWD 39.94, price TWD 208, that is 80.8% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
46‑month range 105.67 TWD – 400.75 TWD · fair‑value band 38.97 TWD – 42.47 TWD · the 207.50 TWD price screens above the 39.94 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Skytech Inc. engages in the semiconductor and related technology industries. The company provides thin film process, etching process, diffusion process, grinding process, measurement process, yellow light process, and automation equipment.
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The company's products include PVD and ALD machines; bonder and de-bonder machines; powder ALD machines; descum/plasma polish machines; single wafer load lock machines; PVD carbon machines; and customized parts and design products.
It also offers semiconductor equipment parts repair services; and PVD, CVD, Etch, RTP, Wet, and metrology used equipment modification, refurbishment, installation, and relocation services. The company was founded in 2002 and is headquartered in Zhubei, Taiwan.
Stock analysis
Skytech Inc. (6937) currently trades at 207.50 TWD, while our model-based Fair Value estimate is 39.94 TWD, 81% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 74.80 TWD per share, and 1 of the 17 models we run sit above the 207.50 TWD price.
Bear case: the DCF Models group reads lowest at 17.91 TWD, and 16 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: 38.97 TWD (bear) to 42.47 TWD (bull), the price of 207.50 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Skytech Inc. reported revenue of 2.2B TWD in FY2025 versus 1.7B TWD in FY2021, a compound +7.9%/yr. Reported net income was 203M TWD in FY2025, compounding +3.4%/yr from FY2021.
Key figures
Market cap 17.6B TWD (≈ $535M) Small · P/E ratio 45.7 · P/S ratio 6.83 · EPS (TTM) 4.54 TWD · Dividend yield 0.7% · Net margin 11.9% · Return on equity 8.6% · Return on assets (EBIT) 9.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −81%, 6937 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (17.91 TWD to 302.33 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear38.97 TWDFair Value 39.94 TWDBull42.47 TWD
Price 207.50 TWD · Downside -80.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.69 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−13.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.6%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.8%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 9%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductor Equipment & Materials · 235 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Skytech Inc. Fair Value". https://www.fairvalue-calculator.com/stock/6937
Frequently asked questions
Is Skytech Inc. (6937) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 39.94 TWD versus a price of 207.50 TWD, about 81% lower (overvalued).
What is the fair value of 6937?
Our model-based fair value for Skytech Inc. is 39.94 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 207.50 TWD.
What is the quality score of 6937?
Skytech Inc. has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Skytech Inc. (6937)?
Our model-based price target is the fair value of 39.94 TWD (as of Nov 5, 2026) from 17 valuation models. Cautious scenario 38.97 TWD, optimistic scenario 42.47 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Skytech Inc. stock forecast for 2026?
Our models put fair value at 39.94 TWD, about 81% lower versus a price of 207.50 TWD (overvalued). Cautious scenario 38.97 TWD, optimistic scenario 42.47 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Skytech Inc. (6937)?
Skytech Inc. reported trailing-twelve-month revenue of about 2.6B TWD (latest available figure, as of Nov 5, 2026).
Does Skytech Inc. pay a dividend?
Skytech Inc. currently shows a dividend yield of 0.67% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Skytech Inc. (6937) and when is the ex-dividend date?
Skytech Inc. pays a dividend of 1.40 TWD per share a year, a dividend yield of 0.7%. The last ex-dividend date was Jul 8, 2026. The payout ratio is 30.8% of earnings. Our assessment: Token dividend. At a yield of 0.7% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.7% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Skytech Inc. (6937)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Skytech Inc. it is 39.94 TWD per share (as of Nov 5, 2026), against a price of 207.50 TWD. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Skytech Inc. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 6937 trades above its calculated fair value: price 207.50 TWD, fair value 39.94 TWD, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6937?
No. The price is what the market pays today (207.50 TWD); the fair value is what the company's own numbers justify (39.94 TWD). For Skytech Inc. the two are 167.56 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Skytech Inc. worth?
The market values Skytech Inc. at about 17.6B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 207.50 TWD; our models calculate a fair value of 39.94 TWD per share.
What do the bullish and bearish scenarios say about 6937?
Our models span a range for Skytech Inc.: cautious scenario 38.97 TWD, base 39.94 TWD, optimistic 42.47 TWD per share (as of Nov 5, 2026, price 207.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6937?
Skytech Inc. trades at a price-to-earnings ratio of 45.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 39.94 TWD is built from several models across several years. Other multiples: P/B 5.1, P/S 6.8, EV/EBITDA 43.9.
How solid is the balance sheet of Skytech Inc. (6937)?
Balance-sheet figures for Skytech Inc. (as of Nov 5, 2026): return on equity 8.6%, debt of 0.05 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 6937 from its 52-week high?
Skytech Inc. trades at 207.50 TWD, about 41% below its 52-week high of 349.64 TWD and 8% above the low of 193.00 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 39.94 TWD is for.
Which stocks are comparable to Skytech Inc.?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Skytech Inc. stock attractive at the current price?
The data as of Nov 5, 2026: price 207.50 TWD, calculated fair value 39.94 TWD (−81%), Quality Score 41/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6937 calculated?
We run Skytech Inc. through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 39.94 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Skytech Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Skytech Inc. (6937)?
The closing price on Nov 9, 2026 was 207.50 TWD. Our model-based fair value is 39.94 TWD, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Skytech Inc. right now?
The price sits above even our optimistic bull case (42.47 TWD). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (38.97 TWD to 42.47 TWD), unusually little disagreement for a valuation.
Key figures of Skytech Inc.
How large is the market capitalisation of Skytech Inc. (6937)?
The market capitalisation of Skytech Inc. is 17.6B TWD (≈ $535M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Skytech Inc. (6937)?
The price-to-sales ratio of Skytech Inc. is 6.83 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Skytech Inc. (6937)?
Earnings per share at Skytech Inc. are 4.54 TWD (price ÷ EPS = P/E 45.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Skytech Inc. (6937)?
The dividend yield of Skytech Inc. is 0.7% (payout 30.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Skytech Inc. (6937)?
The net margin of Skytech Inc. is 11.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Skytech Inc. (6937)?
The return on equity (ROE) of Skytech Inc. is 8.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Skytech Inc. (6937)?
On an EBIT basis the return on assets of Skytech Inc. is 9.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Skytech Inc. (6937)?
The operating margin of Skytech Inc. is 16.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Skytech Inc. (6937)?
Revenue at Skytech Inc. is growing +40.2% versus a year earlier (3y avg +7.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Skytech Inc. (6937)?
Earnings per share at Skytech Inc. are growing +463% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Skytech Inc. (6937) generate?
The free cash flow of Skytech Inc. is −61.2M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Skytech Inc. (6937) hold?
Skytech Inc. holds more cash than debt, 292M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026