Skytech, Inc. AI Stock Analysis
Skytech, Inc. (6937) AI Stock Analysis
Skytech, Inc.
(TWSE:6937)
Skytech scores below average, weighed down by deteriorating earnings and cash flow: revenue fell about 12%, net profit halved, margins compressed sharply, and free cash flow turned negative as only a fraction of reported profit converted to cash. The main offset is an exceptionally conservative balance sheet — debt-to-equity of 0.09 and a NT$3.45 billion equity base — which gives the company staying power to invest through the semiconductor downcycle. Technicals compound the caution, with the price well below all major moving averages and momentum indicators at severely depressed levels, while a P/E of 44 and a sub-1% dividend yield leave the valuation looking rich against currently shrinking earnings. A recovery in demand that restores margins and working-capital discipline is needed before the investment case improves.
Skytech, Inc. (6937) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 14.68B
- Dividend Yield
- 0.64%
- Average Volume (3M)
- 436.19K
- Price to Earnings (P/E)
- 41.0
- Beta (1Y)
- 1.36
- Revenue Growth
- 13.53%
- EPS Growth
- 33.03%
- Country
- TW
- Employees
- 1,328
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Skytech, Inc. Business Overview & Revenue Model
Company Description
Skytech, Inc. engages in the provision of professional services in the semiconductor and related technology industries. It offers physical vapor deposition (PVD) equipment, Atomic layer deposition (ALD) equipment, bonder and debonder equipment, as we...
Skytech, Inc. Financial Statement Overview
Summary
A mixed picture dominated by a very strong balance sheet (score 83) offset by weakening earnings (54) and poor cash generation (33). Revenue fell about 12% to NT$2.24 billion and net income halved to NT$202.8 million, with operating margin dropping from 19.4% to 8.6% as costs failed to fall with sales. Debt-to-equity of just 0.09 against NT$3.45 billion of equity provides strong resilience, but return on equity slipped to 5.9%. The key concern is cash conversion: operating cash flow of NT$37.6 million captured less than a fifth of reported profit, and free cash flow turned negative at NT$61.2 million after capital spending.
Income Statement
54NeutralBalance Sheet
83Very PositiveCash Flow
33Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.57B | 2.24B | 2.59B | 1.99B | 1.82B | 1.66B |
| Gross Profit | 1.05B | 899.94M | 1.14B | 877.14M | 845.97M | 662.53M |
| EBITDA | 455.76M | 269.54M | 573.33M | 394.85M | 446.21M | 327.46M |
| Net Income | 300.72M | 202.79M | 406.80M | 306.66M | 316.86M | 177.38M |
Balance Sheet | ||||||
| Total Assets | 5.21B | 4.58B | 4.22B | 4.14B | 2.97B | 2.19B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 670.95M | 900.66M | 1.21B | 554.15M | 300.45M |
| Total Debt | 755.43M | 325.13M | 229.66M | 525.02M | 371.03M | 800.85M |
| Total Liabilities | 1.62B | 1.08B | 805.81M | 1.02B | 1.12B | 1.13B |
| Stockholders Equity | 3.55B | 3.45B | 3.41B | 3.13B | 1.85B | 1.06B |
Cash Flow | ||||||
| Free Cash Flow | 14.00M | -61.18M | 140.56M | -454.53M | 212.20M | 202.96M |
| Operating Cash Flow | 57.47M | 37.64M | 225.44M | 45.49M | 273.06M | 237.74M |
| Investing Cash Flow | 72.88M | 245.60M | -341.83M | -706.43M | -64.13M | 188.89M |
| Financing Cash Flow | 379.70M | -106.04M | -452.46M | 1.11B | 42.82M | -335.10M |
Skytech, Inc. Peers Comparison
Overall Rating
TW:544360Neutral
TW:358759Neutral
TW:452652Neutral- TW:693750Neutral
TW:802741Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5443 | 60Neutral | TWD 14.48B | 28.25 | ― | 2.48% | 12.27% | 46.93% |
| TW:3587 | 59Neutral | TWD 13.84B | 23.00 | ― | 2.15% | -15.79% | 34.88% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4526 | 52Neutral | TWD 15.19B | -32.37 | ― | 1.74% | -11.59% | -6075.78% |
| TW:6937 | 50Neutral | TWD 14.41B | 40.98 | ― | 0.64% | 13.53% | 33.03% |
| TW:8027 | 41Neutral | TWD 15.56B | 468.75 | ― | ― | 38.03% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6937 | Skytech, Inc. | 219.00 | -3.81 | -1.71% | |
| TW:3587 | Materials Analysis Technology Inc. | 195.50 | 8.70 | 4.66% | |
| TW:4526 | Tongtai Machine & Tool Co., Ltd | 57.40 | 25.50 | 79.95% | |
| TW:5443 | Gallant Precision Machining Co., Ltd. | 88.60 | 3.44 | 4.04% | |
| TW:6920 | Phoenix Pioneer Technology Co., Ltd. | 78.30 | 45.90 | 141.67% | |
| TW:8027 | E&R Engineering Corp. | 149.00 | 57.10 | 62.13% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026