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SkyeChip Berhad (5357) Fair Value & Analysis

Technology · MY · Market cap 5.4B MYR

SB SkyeChip Berhad 5357 · KLSE
Price3.02 MYR
Fair Value0.4600 MYR
Upside-84.8%
Quality66/100
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Expensive Growth
Highly profitable · 31.3% net margin
negative free cash flow
Mixed vs. peers (6/11)
Wide moat 91/100
Evidence: High Range 0.3500 MYR – 1.16 MYR Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 25 days ago

Share price +3.4% over the past month.

A solid business, but screening 85% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.16 MYR). The favourable scenario is already priced in.
  • The model range is unusually wide (0.3500 MYR to 1.16 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 months)

3.36 MYR 2.21 MYR Fair Value 0.4600 MYR May 2026 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 16, 2026.

How to read this chart

3‑month range 2.21 MYR – 3.36 MYR · fair‑value band 0.3500 MYR – 1.16 MYR · the 3.02 MYR price screens above the 0.4600 MYR fair value. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

SkyeChip Berhad (5357) currently trades at 3.02 MYR, while our model-based Fair Value estimate is 0.4600 MYR, implying the stock looks roughly 84.8% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, SkyeChip Berhad generated revenue of 155M MYR at a net margin of 31.3%. It earns a return on equity of 30.1%. The stock trades on a trailing P/E of 92.3. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.3500 MYR (bear case) to 1.16 MYR (bull case); at 3.02 MYR, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -85%, 5357 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 0.1300 MYR 0.1800 MYR 1.16 MYR 76
Gordon GGM 0.0600 MYR 0.1200 MYR 0.1800 MYR 70
Growth-Adj P/E 0.6600 MYR 0.9400 MYR 1.22 MYR 68
All 17 models by family
DCF Models
Owner Earnings 0.0700 MYR 0.1400 MYR 0.2600 MYR 31
Earnings-Based
Graham-Dodd 0.1400 MYR 0.9500 MYR 1.33 MYR 54
Lynch FV 0.4500 MYR 0.6400 MYR 0.8300 MYR 50
PEG = 1.0 0.4500 MYR 0.6400 MYR 0.8300 MYR 46
EPV 0.1700 MYR 0.1900 MYR 0.2100 MYR 59
Dividend Discount
Gordon GGM 0.0600 MYR 0.1200 MYR 0.1800 MYR 70
DDM Multi-Stage 0.0600 MYR 0.1000 MYR 0.1300 MYR 61
Multiples
P/E Multiple 0.4200 MYR 0.5600 MYR 0.7000 MYR 63
P/S Multiple 0.2600 MYR 0.3400 MYR 0.4300 MYR 58
P/B Multiple 0.2600 MYR 0.3400 MYR 0.4300 MYR 55
EV/EBIT 0.3900 MYR 0.5100 MYR 0.6300 MYR 53
EV/EBITDA 0.3500 MYR 0.4600 MYR 0.5600 MYR 54
EV/Revenue 0.2100 MYR 0.2900 MYR 0.3600 MYR 43
Asset-Based
NCAV (Graham) 0.0400 MYR 0.0500 MYR 0.0700 MYR 50
Economic Profit
Residual Income 0.1300 MYR 0.1800 MYR 1.16 MYR 76
ROIC Compounder 0.2100 MYR 0.3100 MYR 0.4400 MYR 67
Growth Earnings
Growth-Adj P/E 0.6600 MYR 0.9400 MYR 1.22 MYR 68

Widest divergence: Growth Earnings (0.9400 MYR) versus Asset-Based (0.0500 MYR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 155M MYR
Net margin 31.3%
Return on equity 30.1%
Free cash flow −13.0M MYR FY2025
P/E ratio 92.3
Operating margin 54.1%
More key figures
EPS (TTM) 0.0300 MYR

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 63 · Market factors (momentum, volatility) 65

Profitability 86
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
52W Momentum 65
Distance to the 52-week high (market factor)

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SkyeChip Berhad designs and manufactures integrated circuits in silicon intellectual property (IP) products in Malaysia, Singapore, China, Taiwan, Hong Kong, and Vietnam.

Full company description

SkyeChip Berhad designs and manufactures integrated circuits in silicon intellectual property (IP) products in Malaysia, Singapore, China, Taiwan, Hong Kong, and Vietnam. Its silicon IP products include standard silicon IP, such as memory interface IP to manage data communications between the computing core and memory; network-on-chip IP that serves as the communication pathway connecting multiple components within a SoC; and D2D interface IP to facilitate high-speed communication between different functional blocks. The company also offers custom silicon IPs, including multi-interface protocol IPs that support different standards and communication protocols, such as DDR, LPDDR, MIPI, LVDS and multi-standard I/O interfaces. In addition, it engages in the design and development of silicon products, such as custom application-specific integrated circuit products that provide IP protection; other silicon products, including RISC-V SoC processor cores integrated with various silicon IPs, as well as design of memory test systems. The company serves fabless IC companies and IC design service providers. SkyeChip Berhad was incorporated in 2019 and is based in Bayan Baru, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

SkyeChip Berhad reported revenue of 120M MYR in FY2025 versus 89.4M MYR in FY2022, a compound +10.2%/yr. Reported net income was 35.9M MYR in FY2025, compounding +5.0%/yr from FY2022.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
120M MYR
Latest YoY
+55.1%
Avg. growth/yr (3Y)
+10.2%
Revenue +10.2%/yr
FY22 89.4M MYR
FY23 57.2M MYR
FY24 77.1M MYR
FY25 120M MYR
Net income +5.0%/yr
FY22 31.0M MYR
FY23 28.6M MYR
FY24 33.7M MYR
FY25 35.9M MYR

5357 screens 85% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "SkyeChip Berhad Fair Value". https://www.fairvalue-calculator.com/stock/5357

Peer Group

Semiconductors · 319 stocks

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.

Quality Score 66 · Above median
Fair Value upside −85% · Bottom 25%
Return on equity (TTM) 30% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 31% · Top 25%
Operating margin (TTM) 54% · Top 25%
Revenue growth 0% · Below median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 99.7× · Pricier than 75% of peers
P/B 10.40× · Pricier than 75% of peers
P/S (TTM) 8.48× · Pricier than median
EV/EBITDA 21.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 60
PAST 100 · sector 24
HEALTH 0 · sector 97
DIVIDEND 0 · sector 22

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc 1MU €784.90 €185.67 -76%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is SkyeChip Berhad (5357) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.4600 MYR versus a price of 3.02 MYR, about −85% (overvalued).
What is the fair value of 5357?
Our model-based fair value for SkyeChip Berhad is 0.4600 MYR (as of Jul 16, 2026), built from audited fundamentals. The current price is 3.02 MYR.
What is the quality score of 5357?
SkyeChip Berhad has a Quality Score of 66/100. 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 revenue of SkyeChip Berhad (5357)?
SkyeChip Berhad reported trailing-twelve-month revenue of about 155M MYR (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 5357?
The net profit margin of SkyeChip Berhad is about 31.3%, meaning it keeps roughly 31.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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