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Skytech Inc. (6937) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Skytech Inc. TWD 39.94, price TWD 301, upside -86.7%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · TW

SI Thin data Sep 24, 2026

Skytech Inc.

6937 · TW

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Weakest SetupStrongly overvalued and low quality.

!Fair value 39.94 TWD · Strongly overvalued (−87%)
!Quality 35/100
!Expensive Growth (revenue 5y +17.6 %/yr)
!Thin margins · 9.2% net margin (TTM)
!Low debt · negative free cash flow
·0.47% dividend yield
!Mixed vs. peers (6/13)
!Narrow moat 42/100
!Evidence only low, so the estimate is less certain
!Weak on past: 25 out of 100
!Weak on dividend: 9 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

400.75 TWD 105.67 TWD Fair Value 39.94 TWD Jan 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

45‑month range 105.67 TWD – 400.75 TWD · fair‑value band 38.97 TWD – 39.94 TWD · the 300.50 TWD price screens above the 39.94 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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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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. 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 300.50 TWD, while our model-based Fair Value estimate is 39.94 TWD, implying the stock looks roughly 652.4% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 62.03 TWD per share, and 0 of the 17 models we run sit above the 300.50 TWD price.

Bear case: the Economic Profit group reads lowest at 26.77 TWD, and 17 of the 17 models stay below the price. Evidence for this calculation is low.

Scenario range: 38.97 TWD (bear) to 39.94 TWD (bull), the price of 300.50 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 35/100 (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 20.3B TWD (≈ $636M) · P/E ratio 92.5 · P/S ratio 8.35 · EPS (TTM) 3.25 TWD · Dividend yield 0.5% · Net margin 9.0% · Return on equity 6.2% · Return on assets (EBIT) 9.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 14% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −87%, 6937 screens richer than that median.

Fair Value models

Bear 38.97 TWD Fair Value 39.94 TWD Bull 39.94 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.35 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. Evidence ⓘEvidence = 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.
Highest evidence
Owner Earnings 33.99 TWD 50.09 TWD 73.56 TWD 76
Residual Income 38.18 TWD 38.89 TWD 36.95 TWD 76
EPV 24.33 TWD 26.77 TWD 28.80 TWD 74
All 17 models by family
DCF Models
Owner Earnings 33.99 TWD 50.09 TWD 73.56 TWD 76
Earnings-Based
Graham-Dodd 20.44 TWD 83.75 TWD 114.05 TWD 64
Lynch FV 21.04 TWD 30.05 TWD 39.07 TWD 61
PEG = 1.0 21.04 TWD 30.05 TWD 39.07 TWD 57
EPV 24.33 TWD 26.77 TWD 28.80 TWD 74
Dividend Discount
Gordon GGM 16.32 TWD 29.40 TWD 40.47 TWD 68
DDM Multi-Stage 16.32 TWD 26.86 TWD 31.41 TWD 67
Multiples
P/E Multiple 63.11 TWD 84.15 TWD 105.19 TWD 63
P/S Multiple 38.32 TWD 51.09 TWD 63.86 TWD 58
P/B Multiple 38.32 TWD 51.09 TWD 63.86 TWD 55
EV/EBIT 58.22 TWD 75.47 TWD 92.73 TWD 66
EV/EBITDA 60.38 TWD 78.36 TWD 96.33 TWD 67
EV/Revenue 32.62 TWD 43.84 TWD 55.06 TWD 54
Asset-Based
NCAV (Graham) 25.56 TWD 34.24 TWD 51.11 TWD 54
Economic Profit
Residual Income 38.18 TWD 38.89 TWD 36.95 TWD 76
ROIC Compounder 24.33 TWD 26.77 TWD 28.80 TWD 72
Growth Earnings
Growth-Adj P/E 43.42 TWD 62.03 TWD 80.64 TWD 67

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Quality Score breakdown

Overall quality 35/100

Of which business quality 38 · Market factors (momentum, volatility) 55

Profitability 36
Margins and returns on capital today
Quality Growth 2
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 48
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 52/100
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)
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.
+9.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.8%
Dividend (yield on the price)0.5%
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%

6937 screens 652% overvalued. Compare with NVIDIA Corporation →

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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.Semiconductors · 340 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 35 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Profitability
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 13% · Above median
Growth and dividend
Revenue growth 26% · Above median
Dividend yield (TTM) 0.5% · Below median
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/E (TTM) 92.5× · Pricier than median
P/B 5.88× · Pricier than median
P/S (TTM) 8.56× · Pricier than median
EV/EBITDA 65.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 64
PAST (return on equity)25 · sector 22
HEALTH (low debt)97 · sector 95
DIVIDEND (yield)9 · sector 19

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

Context: sector, industry, market

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $228.87 $197.96 −14%
Taiwan Semiconductor Manufacturing Company TSM $452.00 $497.20 +10%
Broadcom Inc AVGO $364.54 $303.52 −17%
SK hynix Inc 000660 1,862,000 KRW 2,048,200 KRW +10%
Micron Technology, Inc MU $1,096 $151.51 −86%
Advanced Micro Devices, Inc AMD $623.77 $122.74 −80%
Intel Corporation INTC $123.86 $35.41 −71%
Texas Instruments Incorporated TXN $271.41 $82.09 −70%
Arm Holdings ARM $333.20 $44.44 −87%
QUALCOMM Incorporated QCOM $198.27 $218.10 +10%

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Skytech Inc. · Fair Value
39.94 TWD −652%Fair Value
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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 Sep 24, 2026, our model estimates a fair value of 39.94 TWD versus a price of 300.50 TWD, about −87% upside (overvalued).
What is the fair value of 6937?
Our model-based fair value for Skytech Inc. is 39.94 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 300.50 TWD.
What is the quality score of 6937?
Skytech Inc. has a Quality Score of 35/100. 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 Sep 24, 2026) from 17 valuation models. Cautious scenario 38.97 TWD, optimistic scenario 39.94 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 −87% upside versus a price of 300.50 TWD (overvalued). Cautious scenario 38.97 TWD, optimistic scenario 39.94 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 2.4B TWD (latest available figure, as of Sep 24, 2026).
Does Skytech Inc. pay a dividend?
Skytech Inc. currently shows a dividend yield of about 0.47% relative to its recent price (as of Sep 24, 2026).
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 Sep 24, 2026), against a price of 300.50 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Skytech Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6937 trades above its calculated fair value: price 300.50 TWD, fair value 39.94 TWD, a gap of about −87% (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 (300.50 TWD); the fair value is what the company's own numbers justify (39.94 TWD). For Skytech Inc. the two are 260.56 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 20.3B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 300.50 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 39.94 TWD per share (as of Sep 24, 2026, price 300.50 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 92.5 (as of Sep 24, 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 5.9, P/S 8.6, EV/EBITDA 65.6.
How solid is the balance sheet of Skytech Inc. (6937)?
Balance-sheet figures for Skytech Inc. (as of Sep 24, 2026): return on equity 6.2%, debt of 0.05 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is 6937 from its 52-week high?
Skytech Inc. trades at 300.50 TWD, about 14% below its 52-week high of 349.64 TWD and 48% above the low of 202.92 TWD (as of Sep 24, 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 NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, 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 Sep 24, 2026: price 300.50 TWD, calculated fair value 39.94 TWD (−87%), Quality Score 35/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 39.94 TWD, 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 14.1 % 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 Sep 24, 2026 was 300.50 TWD. Our model-based fair value is 39.94 TWD, about −87% upside (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 (39.94 TWD). The favourable scenario is already priced in. Weak quality (35/100) 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 39.94 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 20.3B TWD (≈ $636M). 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 8.35 (P/E × margin). 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 3.25 TWD (price ÷ EPS = P/E 92.5). 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 0.5% (payout 43.1%). 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 9.0% (fiscal year 2025). 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 6.2% (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 13.0% (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 +26.3% 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 +32.1% 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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