Aehr Test Systems Valuation

Is AEHR 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 AEHR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AEHR. This is calculated by dividing AEHR's market cap by their current earnings.
What is AEHR's PE Ratio?
PE Ratio	11.5x
Earnings	US$29.14m
Market Cap	US$330.68m

AEHR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	5.1x
Enterprise Value/EBITDA	42.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AEHR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	18.6x
ACMR ACM Research	13x	16.5%	US$1.2b
INTT inTEST	32.1x	35.7%	US$85.7m
PLAB Photronics	10.8x	-0.08%	US$1.5b
VECO Veeco Instruments	18.5x	-5.5%	US$1.5b
AEHR Aehr Test Systems	11.5x	n/a	US$330.7m

Price-To-Earnings vs Peers: AEHR is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (18.6x).

Price to Earnings Ratio vs Industry

How does AEHR's PE Ratio compare vs other companies in the US Semiconductor Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
TOYO TOYO	4.5x	n/a	US$148.87m
SQNS Sequans Communications	1.6x	-156.5%	US$67.23m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AEHR is good value based on its Price-To-Earnings Ratio (11.5x) compared to the US Semiconductor industry average (30.1x).

Price to Earnings Ratio vs Fair Ratio

What is AEHR'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.

AEHR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AEHR'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.

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