Aehr Test Systems
Market Cap
US$42.3m
Last Updated
2019/10/15 23:31 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 State, Asia, Europe, and internationally.
Snowflake
Fundamentals
Adequate balance sheet with limited growth.
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
Market Performance
7 Day Return
6.9%
AEHR
6.7%
US Semiconductor
3.4%
US Market
1 Year Return
-15.5%
AEHR
18.4%
US Semiconductor
5.4%
US Market
Return vs Industry: AEHR underperformed the US Semiconductor industry which returned 18.4% over the past year.
Return vs Market: AEHR underperformed the US Market which returned 5.4% over the past year.
Shareholder returns
| AEHR | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.9% | 6.7% | 3.4% |
| 30 Day | 31.9% | 0.6% | -1.0% |
| 90 Day | 10.7% | 6.6% | -0.4% |
| 1 Year | -15.5%-15.5% | 20.8%18.4% | 7.7%5.4% |
| 3 Year | -33.8%-33.8% | 82.3%71.5% | 46.2%36.8% |
| 5 Year | -9.8%-9.8% | 140.3%115.5% | 65.6%47.5% |
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
4 days ago | Simply Wall St
Do Insiders Own Lots Of Shares In Aehr Test Systems (NASDAQ:AEHR)?1 month ago | Simply Wall St
We're Keeping An Eye On Aehr Test Systems's (NASDAQ:AEHR) Cash Burn Rate2 months ago | Simply Wall St
Does Aehr Test Systems's (NASDAQ:AEHR) CEO Salary Reflect Performance?Valuation
Is Aehr Test Systems undervalued compared to its fair value and its price relative to the market?
2.76x
Price to Book (PB) ratio
Share Price vs. Fair Value
Undervalued: Insufficient data to calculate AEHR's fair value to establish if it is undervalued.
Significantly Undervalued: 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 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
Low 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 overvalued based on its PB Ratio (2.8x) compared to the US Semiconductor industry average (2.8x).
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?
141.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AEHR is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AEHR is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AEHR is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AEHR's revenue (27.9% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: AEHR's revenue (27.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if AEHR's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Aehr Test Systems performed over the past 5 years?
6.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AEHR is unprofitable, but has reduced losses over the past 5 years at a rate of 6.9% 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 (-6.2%).
Return on Equity
High ROE: AEHR has a negative Return on Equity (-27.04%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: AEHR is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: AEHR is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Aehr Test Systems's financial position?
Financial Position Analysis
Short Term Liabilities: AEHR's short term assets ($18.3M) exceeds its short term liabilities ($4.5M)
Long Term Liabilities: AEHR's short term assets (18.3M) exceeds its long term liabilities (2.2M)
Debt to Equity History and Analysis
Debt Level: AEHR is debt free.
Reducing Debt: AEHR has no debt compared to 5 years ago when its debt to equity ratio was 15%.
Balance Sheet
Inventory Level: AEHR has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if AEHR's debt is covered by short term assets.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AEHR has less than a year of cash runway if free cash flow continues to grow at historical rates of 23.1% each year.
Next Steps
Dividend
What is Aehr Test Systems's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate AEHR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AEHR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Aehr Test Systems's salary, the management and board of directors tenure and is there insider trading?
4.7yrs
Average management tenure
CEO
Gayn Erickson (55yo)
7.8yrs
Tenure
US$480,929
Compensation
Mr. Gayn Erickson has been the Chief Executive Officer and President of Aehr Test Systems since January 3, 2012. Mr. Erickson a 23-year veteran of the semiconductor test industry. He serves as Senior Vice  ...
CEO Compensation Analysis
Compensation vs. Market: Gayn's total compensation ($USD480.93K) is about average for companies of similar size in the US market ($USD493.02K).
Compensation vs Earnings: Gayn's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
4.7yrs
Average Tenure
62.5yo
Average Age
Experienced Management: AEHR's management team is considered experienced (4.7 years average tenure).
Board Age and Tenure
9.2yrs
Average Tenure
64yo
Average Age
Experienced Board: AEHR's board of directors are considered experienced (9.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Operating Officer Vice President of Operations |
| Shares | 547 |
| Max Price | US$2.01 |
| Entity | Individual |
| Role | Chief Operating Officer Vice President of Operations |
| Shares | 546 |
| Max Price | US$2.01 |
Ownership Breakdown
Management Team
Rhea Posedel (77yo)
Founder & Chairman
- Tenure: 42.8yrs
- Compensation: US$146.12k
David Hendrickson (62yo)
Chief Technology Officer
- Tenure: 1.5yrs
- Compensation: US$316.43k
Kunio Sano (63yo)
President of Aehr Test Systems Japan K.K
- Tenure: 18.8yrs
- Compensation: US$203.40k
Gayn Erickson (55yo)
President
- Tenure: 7.8yrs
- Compensation: US$480.93k
Dave Fucci (70yo)
Vice President of Operations
- Tenure: 5.3yrs
- Compensation: US$230.49k
Ken Spink (58yo)
VP of Finance & CFO
- Tenure: 4.1yrs
- Compensation: US$301.24k
Donald Richmond (63yo)
Vice President of Engineering
- Tenure: 1.8yrs
- Compensation: US$270.50k
Vernon Rogers (52yo)
Executive Vice President of Sales & Marketing
- Tenure: 1yrs
- Compensation: US$662.27k
Board Members
Rhea Posedel (77yo)
Founder & Chairman
- Tenure: 42.8yrs
- Compensation: US$146.12k
Mario Rosati (73yo)
Director
- Tenure: 10.7yrs
- Compensation: US$60.87k
Howard Slayen (72yo)
Director
- Tenure: 11.8yrs
- Compensation: US$72.62k
John Schneider (52yo)
Director
- Tenure: 4.8yrs
- Compensation: US$65.37k
Gayn Erickson (55yo)
President
- Tenure: 7.8yrs
- Compensation: US$480.93k
Laura Oliphant (56yo)
Director
- Tenure: 0.3yrs
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$42.261m
- Shares outstanding: 22.72m
- 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 State, Asia, Europe, and internationally. It provides  ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/15 23:31 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/08/31 |
| Annual Earnings | 2019/05/31 |
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.