Aehr Test Systems
Market Cap
US$38.9m
Last Updated
2020/11/27 23:20 UTC
Data Sources
Company Financials +
Executive Summary
Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry in the United States, Asia, and Europe. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and overvalued.
Similar Companies
Share Price & News
How has Aehr Test Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AEHR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: AEHR's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
10.7%
AEHR
1.2%
US Semiconductor
2.1%
US Market
1 Year Return
-9.8%
AEHR
45.3%
US Semiconductor
19.8%
US Market
Return vs Industry: AEHR underperformed the US Semiconductor industry which returned 45.2% over the past year.
Return vs Market: AEHR underperformed the US Market which returned 19.7% over the past year.
Shareholder returns
| AEHR | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.7% | 1.2% | 2.1% |
| 30 Day | 44.5% | 10.4% | 8.1% |
| 90 Day | -5.3% | 11.7% | 6.0% |
| 1 Year | -9.8%-9.8% | 48.0%45.3% | 22.5%19.8% |
| 3 Year | -32.6%-32.6% | 89.8%79.8% | 46.5%36.8% |
| 5 Year | -13.9%-13.9% | 254.4%220.6% | 96.9%75.3% |
Long-Term Price Volatility Vs. Market
How volatile is Aehr Test Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
The Aehr Test Systems (NASDAQ:AEHR) Share Price Is Down 46% So Some Shareholders Are Getting Worried1 year ago | Simply Wall St
Do Insiders Own Lots Of Shares In Aehr Test Systems (NASDAQ:AEHR)?1 year ago | Simply Wall St
We're Keeping An Eye On Aehr Test Systems's (NASDAQ:AEHR) Cash Burn RateValuation
Is Aehr Test Systems undervalued compared to its fair value and its price relative to the market?
3.22x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AEHR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AEHR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AEHR is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.
PE vs Market: AEHR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AEHR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AEHR is good value based on its PB Ratio (3.2x) compared to the US Semiconductor industry average (3.4x).
Next Steps
Future Growth
How is Aehr Test Systems forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
20.1%
Forecasted Semiconductors industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Aehr Test Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Aehr Test Systems's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Semiconductors industry.
Past Performance
How has Aehr Test Systems performed over the past 5 years?
23.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AEHR is currently unprofitable.
Growing Profit Margin: AEHR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AEHR is unprofitable, but has reduced losses over the past 5 years at a rate of 23.7% per year.
Accelerating Growth: Unable to compare AEHR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AEHR is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (22.8%).
Return on Equity
High ROE: AEHR has a negative Return on Equity (-18.52%), as it is currently unprofitable.
Next Steps
Financial Health
How is Aehr Test Systems's financial position?
Financial Position Analysis
Short Term Liabilities: AEHR's short term assets ($16.0M) exceed its short term liabilities ($4.2M).
Long Term Liabilities: AEHR's short term assets ($16.0M) exceed its long term liabilities ($2.2M).
Debt to Equity History and Analysis
Debt Level: AEHR's debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: AEHR's debt to equity ratio has reduced from 71.3% to 13.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AEHR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: AEHR has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 5.1% each year.
Next Steps
Dividend
What is Aehr Test Systems's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AEHR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AEHR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AEHR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AEHR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AEHR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Gayn Erickson (56 yo)
8.83yrs
Tenure
US$533,253
Compensation
Mr. Gayn Erickson has been the Chief Executive Officer and President of Aehr Test Systems since January 3, 2012 and has been its Director since January 2012. Mr. Erickson a 23-year veteran of the semicondu...
CEO Compensation Analysis
Compensation vs Market: Gayn's total compensation ($USD533.25K) is about average for companies of similar size in the US market ($USD561.41K).
Compensation vs Earnings: Gayn's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman | 43.83yrs | US$111.98k | 4.18% $ 1.6m | |
| President | 8.83yrs | US$533.25k | 2.24% $ 870.6k | |
| VP of Finance & CFO | 5.17yrs | US$292.77k | 0.21% $ 82.7k | |
| Executive Vice President of Sales & Marketing | 2.08yrs | US$433.30k | 0% $ 0 | |
| Vice President of Operations | 0.67yr | no data | no data | |
| Chief Technology Officer | 2.67yrs | US$316.43k | 0% $ 0 | |
| Vice President of Engineering | 2.83yrs | US$270.50k | 0.32% $ 122.8k |
2.8yrs
Average Tenure
59yo
Average Age
Experienced Management: AEHR's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman | 43.83yrs | US$111.98k | 4.18% $ 1.6m | |
| President | 8.83yrs | US$533.25k | 2.24% $ 870.6k | |
| Independent Director | 11.75yrs | US$64.26k | 0.96% $ 373.3k | |
| Independent Director | 12.83yrs | US$73.51k | 1.01% $ 392.8k | |
| Independent Director | 1.33yrs | US$71.68k | 0.13% $ 49.8k | |
| Independent Director | 0.17yr | no data | 2.87% $ 1.1m |
10.3yrs
Average Tenure
72.5yo
Average Age
Experienced Board: AEHR's board of directors are seasoned and experienced ( 10.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
Top Shareholders
Company Information
Aehr Test Systems's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Aehr Test Systems
- Ticker: AEHR
- Exchange: NasdaqCM
- Founded: 1977
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$38.928m
- Shares outstanding: 23.31m
- Website: https://www.aehr.com
Number of Employees
Location
- Aehr Test Systems
- 400 Kato Terrace
- Fremont
- California
- 94539
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AEHR | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Aug 1997 |
| AYB | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 1997 |
Biography
Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry in the United States, Asia, and Europe. It provides full wafer conta...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 23:20 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/08/31 |
| Annual Earnings | 2020/05/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.