SKS TECHNOLOGIES GROUP LIMITED (SKS)
Share Price Analysis and Chart

19/08/2026

2

Accumulate

$9.80

12.90%

Having recently pre-reported its FY26 metrics, Morgans points out the actual FY26 results were largely in line with expectations and showed PBT growth of 89% y/y.

FY27 guidance for PBT growth is around 53% which is well supported by the current work in hand, the analyst states. The tender pipeline has grown to $1.69bn.

The broker believes the company is well positioned to see further contract wins towards the end of 2026.

Earnings forecasts are largely unchanged but the target rises to $9.80 from $9.40. Accumulate rating retained.

FORECAST
Morgans forecasts a full year FY27 dividend of 11.50 cents and EPS of 36.00 cents.
Morgans forecasts a full year FY28 dividend of 13.60 cents and EPS of 43.00 cents.

24/08/2026

1

Buy

$10.31

18.78%

Canaccord Genuity maintains its Buy recommendation for SKS Technologies with its target price increased to $10.31 from $10.30, noting that adverse share price movement following the FY26 result fails to reflect the underlying business performance or early FY27 profit before tax guidance of $60m, representing a 50% increase over the prior corresponding period.

Revenue for FY26 reached $349m with 60% generated from data centre contracts, while profit before tax of $39.3m rose 89% year-on-year to reflect an 11.3% margin up 340 basis points.

The current tender pipeline stands at $1.7bn, of which $1.5bn is dedicated to data centres and is highly likely to convert to contracted work over the next 12 months, supported by major clients including Stack and Airtrunk.

The broker's estimates incorporate minor forecast adjustments, with the analyst highlighting upside risk to profit before tax margin forecasts as scale benefits and growing hyperscaler demand for labour materialise.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 17.00 cents and EPS of 36.90 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 25.00 cents and EPS of 49.80 cents.