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Skygate Solutions Berhad, an investment holding company, (7249) Fair Value & Analysis

Real Estate · MY · Market cap 265M MYR

SS Skygate Solutions Berhad, an investment holding company, 7249 · KLSE
Price0.7400 MYR
Fair Value0.1700 MYR
Upside-77.0%
Quality35/100
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Weak Growth
Thin margins · 1.6% net margin
Moderate debt · generates free cash flow
Trails peers (3/13)
Narrow moat 19/100
Evidence: High Range 0.1200 MYR – 0.3000 MYR Share as image

Fair value as of: Jul 18, 2026

From 16 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from 0.1800 MYR to 0.1700 MYR (−5.6%) since Jun 26, 2026. Share price +5.0% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.3000 MYR). 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.
  • A fairly wide model range (0.1200 MYR to 0.3000 MYR) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

1.57 MYR 0.2510 MYR Fair Value 0.1700 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 0.2510 MYR – 1.57 MYR · fair‑value band 0.1200 MYR – 0.3000 MYR · the 0.7400 MYR price screens above the 0.1700 MYR fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Skygate Solutions Berhad, an investment holding company, (7249) currently trades at 0.7400 MYR, while our model-based Fair Value estimate is 0.1700 MYR, implying the stock looks roughly 77.0% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Real Estate 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, Skygate Solutions Berhad, an investment holding company, generated revenue of 102M MYR at a net margin of 1.6%. Revenue grew 86.9% year over year. It earns a return on equity of -1.0%. Net debt stands at 134M MYR. Fundamentals as of Jul 18, 2026

Our scenario range runs from 0.1200 MYR (bear case) to 0.3000 MYR (bull case); at 0.7400 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 17% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -77%, 7249 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.0300 MYR to 0.5200 MYR). Read the values as a conservative anchor, not as a price target.
Model 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
Highest evidence
Growth DCF 0.0300 MYR 0.1200 MYR 0.2400 MYR 80
Residual Income 0.4800 MYR 0.4300 MYR 0.2700 MYR 76
Rev-Margin DCF 0.0800 MYR 0.2200 MYR 74
All 16 models by family
DCF Models
FCF DCF 0.0200 MYR 0.1100 MYR 0.2600 MYR 38
5Y Revenue Exit 0.0700 MYR 0.2100 MYR 39
5Y EBITDA Exit 0.0900 MYR 0.2800 MYR 0.5300 MYR 41
10Y Revenue Exit 0.0600 MYR 0.1300 MYR 36
10Y EBITDA Exit 0.0600 MYR 0.1700 MYR 0.2900 MYR 37
Dividend Discount
Gordon GGM 0.0300 MYR 0.0300 MYR 0.0300 MYR 70
DDM Multi-Stage 0.0300 MYR 0.0300 MYR 0.0400 MYR 61
Multiples
P/S Multiple 0.1200 MYR 0.1600 MYR 0.1900 MYR 58
P/B Multiple 0.1200 MYR 0.1600 MYR 0.1900 MYR 55
EV/EBIT 0.1400 MYR 0.3000 MYR 0.4500 MYR 53
EV/EBITDA 0.2300 MYR 0.4100 MYR 0.5900 MYR 54
EV/Revenue 0.0400 MYR 0.1500 MYR 43
Asset-Based
NCAV (Graham) 0.3900 MYR 0.5200 MYR 0.7800 MYR 50
Growth DCF
Growth DCF 0.0300 MYR 0.1200 MYR 0.2400 MYR 80
Rev-Margin DCF 0.0800 MYR 0.2200 MYR 74
Economic Profit
Residual Income 0.4800 MYR 0.4300 MYR 0.2700 MYR 76

Widest divergence: Asset-Based (0.5200 MYR) versus Dividend Discount (0.0300 MYR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 102M MYR
Revenue growth (YoY) +86.9%
Net margin 1.6%
Return on equity -1.0%
Free cash flow 17.7M MYR FY2025
P/E ratio 56.5
More key figures
Operating margin -5.2%
EPS (TTM) 0.0100 MYR
EPS growth (YoY) -21.9%
Net debt 134M MYR FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 41 · Market factors (momentum, volatility) 56

Profitability 15
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 42
Buybacks instead of dilution

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

Skygate Solutions Berhad, an investment holding company, engages in the manufacturing, property development and construction, and property management businesses. The company manufactures precision sheet metal fabricated parts, and designs and fabricates moulds, tools, and dies; and electronic components and medical equipment components.

Full company description

Skygate Solutions Berhad, an investment holding company, engages in the manufacturing, property development and construction, and property management businesses. The company manufactures precision sheet metal fabricated parts, and designs and fabricates moulds, tools, and dies; and electronic components and medical equipment components. It also develops residential properties; trades in construction, furnishing materials, and completed properties; and engages in the letting and management of office buildings, factory buildings, heritage/cultural properties, and car parking facilities. In addition, it manufactures precision sheet metal fabricated parts for use in audio, video and acoustic equipment, satellite antennas, electrical and electronics equipment, KVM switches, computer monitors, and keyboards; racking systems; and plastics related products. Further, the company provides subcontractor services; manufacturing solutions; and precision engineering support and marketing services. It operates in Malaysia, the People's Republic of China, the United States, Canada, Japan, Europe, Singapore, and internationally. The company was formerly known as Ewein Berhad and changed its name to Skygate Solutions Berhad in July 2024. Skygate Solutions Berhad was incorporated in 2006 and is headquartered in Gelugor, Malaysia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Skygate Solutions Berhad, an investment holding company, reported revenue of 89.7M MYR in FY2025 versus 97.8M MYR in FY2021, a compound −2.1%/yr. Reported net income was 3.4M MYR in FY2025, compounding −15.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
89.7M MYR
Latest YoY
+35.5%
Avg. growth/yr (3Y) 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.
+24.0%
Avg. growth/yr (5Y) 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.
−14.3%
Avg. growth/yr (18Y) 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.
−0.9%
Revenue −2.1%/yr
FY21 97.8M MYR
FY22 47.1M MYR
FY23 38.4M MYR
FY24 66.2M MYR
FY25 89.7M MYR
Net income −15.5%/yr
FY21 6.6M MYR
FY22 −547K MYR
FY23 1.1M MYR
FY24 5.6M MYR
FY25 3.4M MYR
Character of growth · EPS growth decomposed (2014-2025) −12.6 % p.a.
Revenue per share −3.4 pp

of which total revenue −0.5 pp · buybacks/dilution −2.9 pp

EBIT margin −6.3 pp
Tax rate −4.7 pp
Residual (interest, one-offs) +1.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

7249 screens 77% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Skygate Solutions Berhad, an investment holding company, Fair Value". https://www.fairvalue-calculator.com/stock/7249

Peer Group

Real Estate - Development · 588 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 36 · Bottom 25%
Fair Value upside −77% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -5% · Bottom 25%
Revenue growth 87% · Top 25%
Debt / equity 0.55× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 72.0× · Pricier than 75% of peers
P/B 0.23× · Cheaper than median
P/S (TTM) 0.64× · Cheaper than median
P/FCF 3.7× · Pricier than 75% of peers
EV/EBITDA 13.2× · Pricier 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 48
FUTURE 100 · sector 0
PAST 0 · sector 10
HEALTH 72 · sector 84
DIVIDEND 0 · sector 38

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

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Skygate Solutions Berhad, an investment holding company, (7249) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 0.1700 MYR versus a price of 0.7400 MYR, about −77% (overvalued).
What is the fair value of 7249?
Our model-based fair value for Skygate Solutions Berhad, an investment holding company, is 0.1700 MYR (as of Jul 18, 2026), built from audited fundamentals. The current price is 0.7400 MYR.
What is the quality score of 7249?
Skygate Solutions Berhad, an investment holding company, 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 revenue of Skygate Solutions Berhad, an investment holding company, (7249)?
Skygate Solutions Berhad, an investment holding company, reported trailing-twelve-month revenue of about 102M MYR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of 7249?
The net profit margin of Skygate Solutions Berhad, an investment holding company, is about 1.6%, meaning it keeps roughly 1.6% 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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