SkyeChip Bhd (XKLS:5357) Piotroski F-Score: 6 (As of Aug. 10, 2026) — Near Median

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XKLS:5357 SkyeChip Bhd XKLS:5357
22 GF Score
Price RM3.25
! 2 Warning Signs
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What is SkyeChip Bhd Piotroski F-Score?

SkyeChip Bhd XKLS:5357 +7.62% 22 Piotroski F-Score is 6 as of Aug. 10, 2026, which is at its 10-year median of 6.00. GuruFocus rates XKLS:5357 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 977 Semiconductors companies, SkyeChip Bhd ranks better than 79.84% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SkyeChip Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for SkyeChip Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:5357' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 6
Current: 6

During the past 3 years, the highest Piotroski F-Score of SkyeChip Bhd was 6. The lowest was 6. And the median was 6.

SkyeChip Bhd  (XKLS:5357) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


SkyeChip Bhd Piotroski F-Score Related Terms


SkyeChip Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SkyeChip Bhd's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SkyeChip Bhd Piotroski F-Score Chart

SkyeChip Bhd Annual Data
Trend Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 6.00

SkyeChip Bhd Semi-Annual Data
Mar23 Mar24 Mar25
Piotroski F-Score N/A N/A 6.00

XKLS:5357 vs NVDA, AVGO, MU: Piotroski F-Score Comparison

For the Semiconductors subindustry, SkyeChip Bhd's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SkyeChip Bhd Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, SkyeChip Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SkyeChip Bhd's Piotroski F-Score falls into.


XKLS:5357
22GF Score
SkyeChip Bhd XKLS:5357
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was RM35.9 Mil.
Cash Flow from Operations was RM23.7 Mil.
Revenue was RM119.5 Mil.
Gross Profit was RM50.4 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (83.914 + 133.945) / 2 = RM108.9295 Mil.
Total Assets at the begining of this year (Mar24) was RM83.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.0 Mil.
Total Current Assets was RM85.5 Mil.
Total Current Liabilities was RM4.0 Mil.
Net Income was RM33.7 Mil.

Revenue was RM77.1 Mil.
Gross Profit was RM36.0 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (68.396 + 83.914) / 2 = RM76.155 Mil.
Total Assets at the begining of last year (Mar23) was RM68.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM3.2 Mil.
Total Current Assets was RM65.3 Mil.
Total Current Liabilities was RM18.6 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SkyeChip Bhd's current Net Income (TTM) was 35.9. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

SkyeChip Bhd's current Cash Flow from Operations (TTM) was 23.7. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=35.943/83.914
=0.42833139

ROA (Last Year)=Net Income/Total Assets (Mar23)
=33.708/68.396
=0.49283584

SkyeChip Bhd's return on assets of this year was 0.42833139. SkyeChip Bhd's return on assets of last year was 0.49283584. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

SkyeChip Bhd's current Net Income (TTM) was 35.9. SkyeChip Bhd's current Cash Flow from Operations (TTM) was 23.7. ==> 23.7 <= 35.9 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.993/108.9295
=0.01829624

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=3.177/76.155
=0.04171755

SkyeChip Bhd's gearing of this year was 0.01829624. SkyeChip Bhd's gearing of last year was 0.04171755. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=85.547/4.014
=21.31215745

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=65.293/18.625
=3.50566443

SkyeChip Bhd's current ratio of this year was 21.31215745. SkyeChip Bhd's current ratio of last year was 3.50566443. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

SkyeChip Bhd's number of shares in issue this year was 1796. SkyeChip Bhd's number of shares in issue last year was 1796. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=50.445/119.503
=0.42212329

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=36.029/77.063
=0.46752657

SkyeChip Bhd's gross margin of this year was 0.42212329. SkyeChip Bhd's gross margin of last year was 0.46752657. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=119.503/83.914
=1.42411278

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=77.063/68.396
=1.12671794

SkyeChip Bhd's asset turnover of this year was 1.42411278. SkyeChip Bhd's asset turnover of last year was 1.12671794. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+1+1+1+0+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

SkyeChip Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
SkyeChip Bhd (XKLS:5357) has a Piotroski F-Score of 6 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SkyeChip Bhd and its competitors. This is near median its historical median of 6.00. Over the past decade, SkyeChip Bhd's Piotroski F-Score has ranged from 6.00 to 6.00. According to the industry distribution chart, SkyeChip Bhd ranks #197 out of 977 companies in the Semiconductors industry, placing it in the top 20.2%.
Is SkyeChip Bhd's Piotroski F-Score too high?
SkyeChip Bhd's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 6.00. The Semiconductors industry median Piotroski F-Score is 5.00. SkyeChip Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, SkyeChip Bhd ranks #197 out of 977 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, SkyeChip Bhd has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does SkyeChip Bhd's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, SkyeChip Bhd ranks #197 out of 977 companies for Piotroski F-Score. This places SkyeChip Bhd in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. SkyeChip Bhd's value of 6 is 20% above this benchmark. Historically, SkyeChip Bhd's own Piotroski F-Score has ranged from 6.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, SkyeChip Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SkyeChip Bhd's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SkyeChip Bhd and its competitors. For the Semiconductors industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SkyeChip Bhd's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SkyeChip Bhd stock overvalued right now?
SkyeChip Bhd (XKLS:5357) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Semiconductors industry median of 5.00. SkyeChip Bhd's overall GF Score™ is 22/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For SkyeChip Bhd (XKLS:5357), the current Piotroski F-Score is 6 as of Aug. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SkyeChip Bhd Business Description

Address 1-18-12 Suntech, Penang Cybercity, Lintang Mayang Pasir 3, Bayan Baru, PNG, MYS, 11950
SkyeChip Bhd is principally involved in IC design specialising in silicon IPs and silicon products including custom ASIC. It provides licensable silicon IPs to the customers to integrate into their IC products. The company also designs and develops custom ASIC products tailored to meet specific customer requirements, delivering semiconductor chips that are optimised for a specific application rather than for general-purpose use. The company has only one reportable business segment which relates principally to the provision of semiconductor intellectual property, integrated circuit manufacturing, software design and development and engineering consultation. Its geographical segments include Malaysia and Singapore, with the majority of revenue generated from Malaysia.
22GF Score

Get the complete analysis for XKLS:5357

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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