Aehr Test Systems, Inc.

DB:AYB Stock Report

Market Cap: €313.7m

Aehr Test Systems Valuation

Is AYB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AYB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate AYB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AYB's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AYB?

Key metric: As AYB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AYB. This is calculated by dividing AYB's market cap by their current earnings.
What is AYB's PE Ratio?
PE Ratio11.5x
EarningsUS$29.14m
Market CapUS$330.68m

Price to Earnings Ratio vs Peers

How does AYB's PE Ratio compare to its peers?

The above table shows the PE ratio for AYB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.5x
S92 SMA Solar Technology
2.4x-0.9%€418.1m
TPE PVA TePla
9.4x1.5%€239.2m
SMHN SÜSS MicroTec
21.9x-3.4%€919.5m
AIXA AIXTRON
12.5x6.2%€1.5b
AYB Aehr Test Systems
11.5xn/a€330.7m

Price-To-Earnings vs Peers: AYB is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (11.6x).

Price to Earnings Ratio vs Industry

How does AYB's PE Ratio compare vs other companies in the European Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AYB 11.5xIndustry Avg. 13.7xNo. of Companies7PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AYB is good value based on its Price-To-Earnings Ratio (11.5x) compared to the European Semiconductor industry average (14x).

Price to Earnings Ratio vs Fair Ratio

What is AYB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AYB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AYB's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Soitec

€2.3b

Designs and manufactures semiconductor materials worldwide.

SOH

€29.00

7D

-8.8%

1Y

-63.3%

PVA TePla

€239.2m

Develops and produces process in areas of semiconductor, metal, electrical/electronics, and optical sectors worldwide.

TPE

€11.07

7D

-7.5%

1Y

-40.0%

Renesas Electronics

JP¥3.6t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

NEN0

JP¥6.10

7D

-2.4%

1Y

n/a