Wow such an impressive Q4 2026 results released for Skyechip.

Revenue and net profit for FYE 2026 increased by 30% and 25% respectively to RM 155mil and RM 48.5 mil.

Most importantly, the company managed to maintain its effective tax rate of 1.8% this quarter, which is significantly below the 24% value in Malaysia, Vietnam and Spore.

For FYE2026, it maintained a healthy net cash position of RM 95 mil with minimum debts. The retained profits has increased to RM 142 mil from RM 94 mil. Net operating cash flow remained positive at RM 61 mil vs RM 23.7 mil previously.

Based on these values for FYE 2026, the EPS is 48.5/1796 = 2.7 sen
PE = 88/2.7 = 32.6X
Assuming that it managed to obtain another flat income tax rate of 3% from the Malaysian govt (highly likely), the FYE 2027 EPS is expected to grow to 3.51 Sen (A growth of 30%, similar to FYE 2026).


Applying PE of 40x, the fair value of a tech company is valued at RM 1.40
PE 50x = RM 1.76
PE 100X (similar to SUNMED listing) = RM 3.50