Skytech, Inc. (6937) AI Stock Analysis

Skytech, Inc.

(TWSE:6937)

Select Model

Rating:42Neutral

Price Target:TWD 185.00▼(-13.55% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 42 reflects a high-risk profile. The most significant factor is the severe operational and cash flow deterioration, which is compounded by extremely weak technical momentum. While the company's balance sheet is a source of stability, it is insufficient to offset the immediate pressures from declining profitability, cash burn, and a high valuation multiple on depressed earnings.

Positive Factors

Low LeverageVery low leverage gives Skytech greater financial flexibility and limits solvency pressure when operating conditions weaken. A conservative capital structure can preserve borrowing capacity, support continued investment, and reduce the risk that interest obligations constrain strategic choices over the next several quarters.

Negative Factors

2025 Revenue ContractionThe 11.7% revenue decline in 2025 interrupts the company’s preceding growth record and reduces operating scale. If the contraction persists, it could weaken fixed-cost absorption, limit investment capacity, and make a durable recovery in earnings more dependent on renewed demand rather than internal execution alone.

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

Financial performance is deeply divided. The balance sheet is a fortress after aggressive deleveraging (debt-to-equity at 0.09), but this is overshadowed by a severe operational downturn. Revenue is shrinking, margins are compressing, and free cash flow has turned deeply negative, indicating poor cash conversion and limited financial flexibility.

Income Statement

35Negative

Balance Sheet

78Positive

Cash Flow

15Very Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6937 against its peers
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	42Neutral	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

TW:6937 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6937	Skytech, Inc.	214.00	-3.34	-1.54%
TW:3587	Materials Analysis Technology Inc.	188.00	6.59	3.63%
TW:4526	Tongtai Machine & Tool Co., Ltd	57.00	26.31	85.71%
TW:5443	Gallant Precision Machining Co., Ltd.	86.20	4.08	4.96%
TW:6920	Phoenix Pioneer Technology Co., Ltd.	77.60	45.80	144.03%
TW:8027	E&R Engineering Corp.	143.50	56.30	64.56%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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

Skytech, Inc. AI Stock Analysis