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Aehr Test Systems

Nasdaq:AEHR
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AEHR
Nasdaq
$31M
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry worldwide. The last earnings update was 38 days ago. More info.


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  • Aehr Test Systems has significant price volatility in the past 3 months.
AEHR Share Price and Events
7 Day Returns
4.5%
NasdaqCM:AEHR
1.1%
US Semiconductor
1.4%
US Market
1 Year Returns
-36.5%
NasdaqCM:AEHR
-2.4%
US Semiconductor
2.3%
US Market
AEHR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aehr Test Systems (AEHR) 4.5% 24.1% -30.2% -36.5% 11.2% -42.8%
US Semiconductor 1.1% 11.6% 13.9% -2.4% 94.3% 105.7%
US Market 1.4% 5.6% 5.7% 2.3% 44.2% 40.9%
1 Year Return vs Industry and Market
  • AEHR underperformed the Semiconductor industry which returned -2.4% over the past year.
  • AEHR underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
AEHR
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Aehr Test Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Aehr Test Systems. This is due to cash flow or dividend data being unavailable. The share price is $1.39.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aehr Test Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aehr Test Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:AEHR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $-0.08
NasdaqCM:AEHR Share Price ** NasdaqCM (2019-02-21) in USD $1.39
United States of America Semiconductor Industry PE Ratio Median Figure of 68 Publicly-Listed Semiconductor Companies 17.83x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 17.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aehr Test Systems.

NasdaqCM:AEHR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:AEHR Share Price ÷ EPS (both in USD)

= 1.39 ÷ -0.08

-18.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aehr Test Systems is loss making, we can't compare its value to the US Semiconductor industry average.
  • Aehr Test Systems is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Aehr Test Systems's expected growth come at a high price?
Raw Data
NasdaqCM:AEHR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -18.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
75.3%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 65 Publicly-Listed Semiconductor Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Aehr Test Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aehr Test Systems's assets?
Raw Data
NasdaqCM:AEHR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $0.80
NasdaqCM:AEHR Share Price * NasdaqCM (2019-02-21) in USD $1.39
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.57x
United States of America Market PB Ratio Median Figure of 5,129 Publicly-Listed Companies 1.87x
NasdaqCM:AEHR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:AEHR Share Price ÷ Book Value per Share (both in USD)

= 1.39 ÷ 0.80

1.74x

* Primary Listing of Aehr Test Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aehr Test Systems is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Aehr Test Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Aehr Test Systems has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Aehr Test Systems expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
75.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aehr Test Systems expected to grow at an attractive rate?
  • Aehr Test Systems's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Aehr Test Systems's earnings growth is expected to exceed the United States of America market average.
  • Aehr Test Systems's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:AEHR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:AEHR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 75.3%
NasdaqCM:AEHR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 19%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:AEHR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:AEHR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-05-31 36 2 1
2020-05-31 28 -2 1
2019-05-31 20 -5 1
NasdaqCM:AEHR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 25 -2 -2
2018-08-31 27 2 -1
2018-05-31 30 -1 1
2018-02-28 29 -3 -0
2017-11-30 24 -5 -3
2017-08-31 21 -10 -5
2017-05-31 19 -4 -6
2017-02-28 14 -6 -8
2016-11-30 13 -4 -8
2016-08-31 13 -3 -8
2016-05-31 15 -6 -7
2016-02-29 15 -5 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aehr Test Systems's earnings are expected to grow significantly at over 20% yearly.
  • Aehr Test Systems's revenue is expected to grow by 19% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:AEHR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Aehr Test Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:AEHR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-05-31
2020-05-31
2019-05-31
NasdaqCM:AEHR Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 -0.08
2018-08-31 -0.05
2018-05-31 0.02
2018-02-28 -0.02
2017-11-30 -0.17
2017-08-31 -0.27
2017-05-31 -0.35
2017-02-28 -0.53
2016-11-30 -0.59
2016-08-31 -0.59
2016-05-31 -0.52
2016-02-29 -0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Aehr Test Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Aehr Test Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aehr Test Systems has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Aehr Test Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aehr Test Systems's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aehr Test Systems does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Aehr Test Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Aehr Test Systems's 1-year growth to the US Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
Aehr Test Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aehr Test Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:AEHR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 25.31 -1.69 7.50 4.24
2018-08-31 27.33 -1.00 7.38 4.34
2018-05-31 29.56 0.53 7.29 4.18
2018-02-28 28.97 -0.46 7.38 4.39
2017-11-30 24.26 -3.38 7.27 4.60
2017-08-31 20.55 -4.89 7.13 4.55
2017-05-31 18.90 -5.65 7.05 4.66
2017-02-28 13.79 -7.91 6.87 4.39
2016-11-30 12.78 -8.24 6.84 4.44
2016-08-31 13.19 -7.83 6.85 4.32
2016-05-31 14.50 -6.79 6.98 4.32
2016-02-29 14.75 -5.63 6.78 4.25
2015-11-30 15.10 -4.38 6.67 3.98
2015-08-31 13.09 -5.45 6.69 4.17
2015-05-31 10.02 -6.65 6.47 4.06
2015-02-28 13.57 -4.51 6.63 4.11
2014-11-30 17.16 -2.57 6.75 3.99
2014-08-31 19.49 -0.32 6.53 3.68
2014-05-31 19.68 0.42 6.32 3.40
2014-02-28 17.58 -0.67 6.14 3.02
2013-11-30 15.30 -2.34 5.95 2.80
2013-08-31 15.41 -3.29 6.50 2.96
2013-05-31 16.49 -3.42 6.87 3.21
2013-02-28 17.90 -3.34 7.24 3.71
2012-11-30 17.42 -3.25 7.25 3.96
2012-08-31 16.22 -3.81 6.71 4.04
2012-05-31 15.52 -3.39 6.53 4.19
2012-02-29 14.59 -2.76 6.12 4.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Aehr Test Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Aehr Test Systems has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Aehr Test Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Aehr Test Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aehr Test Systems has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Aehr Test Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aehr Test Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aehr Test Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aehr Test Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aehr Test Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aehr Test Systems Company Filings, last reported 2 months ago.

NasdaqCM:AEHR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 17.88 6.11 14.00
2018-08-31 18.12 6.11 15.86
2018-05-31 19.29 6.11 16.85
2018-02-28 18.77 6.11 15.06
2017-11-30 18.10 6.11 15.93
2017-08-31 17.31 6.11 13.99
2017-05-31 16.79 6.11 17.80
2017-02-28 1.30 6.10 2.04
2016-11-30 3.64 6.05 5.15
2016-08-31 -0.74 6.01 2.34
2016-05-31 -0.72 5.96 0.94
2016-02-29 2.03 5.92 2.47
2015-11-30 4.77 3.87 1.96
2015-08-31 5.38 3.83 3.65
2015-05-31 4.55 3.79 5.53
2015-02-28 5.91 0.12 2.27
2014-11-30 7.49 0.64 3.60
2014-08-31 6.63 1.00 2.08
2014-05-31 7.03 0.78 1.81
2014-02-28 6.36 0.41 1.85
2013-11-30 5.82 0.48 2.49
2013-08-31 5.05 0.95 2.44
2013-05-31 4.99 1.10 2.32
2013-02-28 4.53 1.22 1.38
2012-11-30 5.85 1.69 1.19
2012-08-31 6.41 1.45 1.90
2012-05-31 6.45 1.41 2.07
2012-02-29 7.05 0.72 2.98
  • Aehr Test Systems's level of debt (34.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.2% vs 34.2% today).
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.

  • Aehr Test Systems has sufficient cash runway for more than 3 years based on current free cash flow.
  • Aehr Test Systems has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -30.6% each year.
X
Financial health checks
We assess Aehr Test Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aehr Test Systems has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Aehr Test Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Aehr Test Systems dividends.
If you bought $2,000 of Aehr Test Systems shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Aehr Test Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aehr Test Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:AEHR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:AEHR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-05-31
2020-05-31
2019-05-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Aehr Test Systems has not reported any payouts.
  • Unable to verify if Aehr Test Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aehr Test Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aehr Test Systems has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Aehr Test Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aehr Test Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aehr Test Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Aehr Test Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gayn Erickson
COMPENSATION $451,973
AGE 54
TENURE AS CEO 7.1 years
CEO Bio

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 President of Memory Test at Verigy, Ltd. He served as the Vice President of Memory Test at Verigy, Ltd., since February 2006. He served as Vice President of the Memory Test business within the Automated Test Group of Agilent since May 2005. He served as Vice President of Sales and Marketing of the Memory Test business from August 2004 to May 2005. He served as Senior Marketing Manager of the Memory Test business from 2000 to 2004. He has been a Director of Aehr Test Systems since January 2012. Mr. Erickson holds a BS degree in Electrical Engineering from Arizona State University.

CEO Compensation
  • Gayn's compensation has increased whilst company is loss making.
  • Gayn's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Aehr Test Systems management team in years:

4
Average Tenure
62
Average Age
  • The tenure for the Aehr Test Systems management team is about average.
Management Team

Rhea Posedel

TITLE
Founder & Chairman
COMPENSATION
$161K
AGE
76
TENURE
42.1 yrs

Gayn Erickson

TITLE
President
COMPENSATION
$452K
AGE
54
TENURE
7.1 yrs

Ken Spink

TITLE
VP of Finance & CFO
COMPENSATION
$316K
AGE
57
TENURE
3.4 yrs

David Hendrickson

TITLE
Chief Technology Officer
COMPENSATION
$316K
AGE
61
TENURE
0.8 yrs

Donald Richmond

TITLE
Vice President of Engineering
COMPENSATION
$270K
AGE
62
TENURE
1.1 yrs

Dave Fucci

TITLE
Vice President of Operations
COMPENSATION
$230K
AGE
69
TENURE
4.7 yrs

Vernon Rogers

TITLE
EVP of Sales and Marketing
TENURE
0.3 yrs

Kunio Sano

TITLE
President of Aehr Test Systems Japan K K
COMPENSATION
$203K
AGE
62
TENURE
18.1 yrs
Board of Directors Tenure

Average tenure and age of the Aehr Test Systems board of directors in years:

10.5
Average Tenure
71.5
Average Age
  • The average tenure for the Aehr Test Systems board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rhea Posedel

TITLE
Founder & Chairman
COMPENSATION
$161K
AGE
76
TENURE
42.1 yrs

Gayn Erickson

TITLE
President
COMPENSATION
$452K
AGE
54
TENURE
7.1 yrs

Mario Rosati

TITLE
Director
COMPENSATION
$54K
AGE
72
TENURE
10 yrs

Bill Elder

TITLE
Director
COMPENSATION
$60K
AGE
79
TENURE
30.1 yrs

Howard Slayen

TITLE
Director
COMPENSATION
$65K
AGE
71
TENURE
11.1 yrs

John Schneider

TITLE
Director
COMPENSATION
$63K
AGE
51
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Nov 18 Sell David S. Fucci Individual 08. Nov 18 08. Nov 18 -547 $2.01 $-1,099
06. Nov 18 Sell David S. Fucci Individual 02. Nov 18 05. Nov 18 -546 $2.01 $-1,093
20. Aug 18 Sell Carl Buck Individual 17. Aug 18 17. Aug 18 -4,900 $2.39 $-11,663
06. Aug 18 Sell Carl Buck Individual 03. Aug 18 06. Aug 18 -2,600 $2.44 $-6,219
03. Aug 18 Sell John Schneider Individual 02. Aug 18 02. Aug 18 -14,168 $2.40 $-34,012
02. Aug 18 Sell PWA Real Estate LLC Company 25. Jul 18 26. Jul 18 -50,000 $2.53 $-126,095
10. May 18 Sell David S. Fucci Individual 08. May 18 08. May 18 -2,890 $2.38 $-6,878
X
Management checks
We assess Aehr Test Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aehr Test Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Percentage Of Aehr Test Systems (NASDAQ:AEHR) Shares Do Insiders Own?

A look at the shareholders of Aehr Test Systems (NASDAQ:AEHR) can tell us which group is most powerful. … Aehr Test Systems is not a large company by global standards. … See our latest analysis for Aehr Test Systems

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Should You Worry About Aehr Test Systems's (NASDAQ:AEHR) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Gayn Erickson's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Aehr Test Systems has a market cap of US$38m, and is paying total annual CEO compensation of US$452k.

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What Investors Should Know About Aehr Test Systems's (NASDAQ:AEHR) Financial Strength

Aehr Test Systems (NASDAQ:AEHR) is a small-cap stock with a market capitalization of US$44m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

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Who Are The Largest Shareholders In Aehr Test Systems (NASDAQ:AEHR)?

Today, I will be analyzing Aehr Test Systems’s (NASDAQ:AEHR) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … NasdaqCM:AEHR Ownership Summary August 22nd 18

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Should You Worry About Aehr Test Systems's (NASDAQ:AEHR) CEO Salary Level?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

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Aehr Test Systems (NASDAQ:AEHR): Time For A Financial Health Check

While small-cap stocks, such as Aehr Test Systems (NASDAQ:AEHR) with its market cap of US$54.66m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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Market Sentiment Around Loss-Making Aehr Test Systems (NASDAQ:AEHR)

Aehr Test Systems designs, engineers, manufactures, and sells test and burn-in equipment used in the semiconductor industry worldwide. … Check out our latest analysis for Aehr Test Systems … AEHR is bordering on breakeven, according to Semiconductor analysts.

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Should You Buy Aehr Test Systems (NASDAQ:AEHR)?

Let’s take a look at Aehr Test Systems’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … The stock’s ratio of 2.78x is currently trading slightly below its industry peers’ ratio of 3.48x, which means if you buy Aehr Test Systems today, you’d be paying a relatively reasonable price for it. … And if you believe Aehr Test Systems should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading.

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Are Aehr Test Systems's (NASDAQ:AEHR) Interest Costs Too High?

Over the past year, AEHR has maintained its debt levels at around US$6.11M – this includes both the current and long-term debt. … At this constant level of debt, the current cash and short-term investment levels stands at US$17.80M for investing into the business. … AEHR's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: AEHR’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Aehr Test Systems (NASDAQ:AEHR): Has Recent Earnings Growth Beaten Long-Term Trend?

Understanding Aehr Test Systems's (NASDAQ:AEHR) performance as a company requires examining more than earnings from one point in time. … For Aehr Test Systems, its most recent trailing-twelve-month earnings is -US$3.38M, which compared to the previous year's figure, has become less negative. … Each year, for the past half a decade Aehr Test Systems's revenue growth has been somewhat subdued, with an annual growth rate of 1.34%, on average.

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Company Info

Map
Description

Aehr Test Systems primarily designs, engineers, manufactures, and sells test and burn-in equipment for use in the semiconductor industry worldwide. It provides full wafer contact test systems, test during burn-in systems, test fixtures, and related accessories. The company offers Advanced Burn-in and Test System family of packaged part burn-in and test systems, which perform test during burn-in of complex devices, such as digital signal processors, microprocessors, microcontrollers, and systems-on-a-chip, as well as individual temperature control for high-power advanced logic devices. It also provides FOX systems, which are full wafer contact parallel test and burn-in systems designed to make contact with various pads of a wafer simultaneously; WaferPak cartridge that includes a full-wafer probe card for use in testing wafers in FOX systems; DiePak carrier, a reusable and temporary package that enables integrated circuit (IC) manufacturers to perform test and burn-in of singulated bare die or very small multi-IC modules; and test fixtures that hold the devices undergoing test or burn-in and electrically connect the devices under test to the system electronics. In addition, the company offers WaferPak Aligner, which performs automatic alignment of the customer’s wafer to the WaferPak cartridge; WaferPak contactors; and DiePak Loader that performs automatic loading of the customer’s modules to the DiePak carrier. Further, Aehr Test Systems provides customer service and support programs, including system installation, system repair, applications engineering support, spare parts inventory, customer training, and documentation services. It markets and sells its products to semiconductor manufacturers, semiconductor contract assemblers, electronics manufacturers, and burn-in and test service companies through a network of distributors and sales representatives. Aehr Test Systems was founded in 1977 and is headquartered in Fremont, California.

Details
Name: Aehr Test Systems
AEHR
Exchange: NasdaqCM
Founded: 1977
$30,851,046
22,355,831
Website: http://www.aehr.com
Address: Aehr Test Systems
400 Kato Terrace,
Fremont,
California, 94539,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM AEHR Common Stock Nasdaq Capital Market US USD 15. Aug 1997
DB AYB Common Stock Deutsche Boerse AG DE EUR 15. Aug 1997
Number of employees
Current staff
Staff numbers
86
Aehr Test Systems employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/21 23:32
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2019/01/11
Last earnings filing: 2019/01/14
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/05/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.