Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price32.46 USD
Fair value35.00Our model only; only one analyst covers it, too few to cross-check it.
Ethical score70.0/100
Value readFairas of 4 Nov 2026
Our investment reviews on this name
2026-08-13Read Markdown32.46+0.0% to today Accumulation gives way to Markdown after an 11% slide in 6 weeks
2026-07-02Read Accumulation36.61-11.3% to today First review on file: Accumulation
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
SkyWater Technology, Inc. holds its Markdown at $32.46. The statistical read favours the sellers, held for 13 days.
As held on the ledger · 2026-11-04
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 13 days
Price at the screen
$32.46
Valuation
13.87 trailing · -249.69 forward price to earnings
Values screen
FAIL· score 70.0
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
34.11%
Below 33%
Interest-bearing debt is 34.1% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
16.80%
Below 49%
Money owed to the company is 16.8% of assets, under the 49% limit.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
SkyWater Technology,'s business is in a permissible area, but its interest-bearing debt is about 34% of the company, just over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-07. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when SKYT's ethical verdict changes
Today SKYT does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our model only; only one analyst covers it, too few to cross-check it.
Our analysis reads Fair vs our fair value, as of 4 Nov 2026: it trades at roughly a 7% discount to our $35.00 fair value, 164.80% revenue growth.
Fair value range in USD, drawn from the 2026-11-04 screen. The gold marker is the market price at the same screen. A 7.3% discount to the base estimate.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Where our models see it going: fair-value estimate $35.00, range not available, dated to the 2026-11-04 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Chip foundry racing on explosive revenue growth
Picture a small US outfit suddenly doubling its order book as factories scramble for custom chips. SkyWater reports revenue growth of 162 percent, a 21 percent profit margin and 96 percent return on equity, all while clearing the ethical screen with room to spare. The shares sit at 31.36 dollars against a 35 dollar consensus target, offering only modest upside on paper.
Those headline numbers flatter the business. Forward earnings sit at a negative 154 times multiple, which in a cyclical sector often signals that peak demand has already passed and margins will compress. With no clear moat and an opportunity rating of none, the low multiple looks less like a bargain and more like a warning of earnings mean reversion.
The semiconductor cycle rewards timing more than valuation multiples. Strong recent results can vanish quickly when orders slow, leaving investors holding elevated capacity costs. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
SKYT trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-03Markdown$32.46+0.0%Entry 8
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 29% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 283%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (4 analysts) rates it none, with a mean price target of $35.
2026-10-22Markdown$32.46+0.0%Entry 7
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 29% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 283%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (4 analysts) rates it none, with a mean price target of $35.
2026-10-02Markdown$32.46+0.0%Entry 6
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 67% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 283%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (4 analysts) rates it none, with a mean price target of $35.
2026-09-13Markdown$32.46+0.0%Entry 5
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 67% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 283%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (4 analysts) rates it none, with a mean price target of $35.
2026-08-13Markdown · changed$32.46-11.3%Entry 4
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 11.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 67% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 283%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (4 analysts) rates it none, with a mean price target of $35.
2026-07-18Accumulation$36.61+0.0%Entry 3
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 67% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 283%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (4 analysts) rates it none, with a mean price target of $35.
2026-07-03Accumulation$36.61+0.0%Entry 2
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Accumulation$36.61Entry 1
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
