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.
Flawless balance sheet with high growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AEHR exceeded the US Semiconductor industry which returned 25.8% over the past year.
Return vs Market: AEHR exceeded the US Market which returned 10.5% over the past year.
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
3 months ago | Simply Wall StThe Aehr Test Systems (NASDAQ:AEHR) Share Price Is Down 46% So Some Shareholders Are Getting Worried
4 months ago | Simply Wall StDo Insiders Own Lots Of Shares In Aehr Test Systems (NASDAQ:AEHR)?
5 months ago | Simply Wall StWe're Keeping An Eye On Aehr Test Systems's (NASDAQ:AEHR) Cash Burn Rate
Is Aehr Test Systems undervalued compared to its fair value and its price relative to the market?
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 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 overvalued based on its PB Ratio (3x) compared to the US Semiconductor industry average (2.8x).
How is Aehr Test Systems forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AEHR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: AEHR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AEHR's is expected to become profitable in the next 3 years.
Revenue vs Market: AEHR's revenue (29.4% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: AEHR's revenue (29.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AEHR's Return on Equity is forecast to be high in 3 years time
How has Aehr Test Systems performed over the past 5 years?
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 13% 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 (-28.7%).
Return on Equity
High ROE: AEHR has a negative Return on Equity (-20.37%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Aehr Test Systems's financial position?
Financial Position Analysis
Short Term Liabilities: AEHR's short term assets ($20.9M) exceed its short term liabilities ($6.3M).
Long Term Liabilities: AEHR's short term assets ($20.9M) exceed its long term liabilities ($2.0M).
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 8.5%.
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 sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AEHR has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of -12.3% each year.
What is Aehr Test Systems's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gayn Erickson (55yo)
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 ($USD524.26K).
Compensation vs Earnings: Gayn's compensation has increased whilst the company is unprofitable.
|Founder & Chairman||43.1yrs||US$146.12k||4.15% $2.0m|
|VP of Finance & CFO||4.4yrs||US$301.24k||0.16% $78.1k|
|Executive Vice President of Sales & Marketing||1.3yrs||US$662.27k||no data|
|Vice President of Operations||5.7yrs||US$230.49k||0.0089% $4.3k|
|Chief Technology Officer||1.8yrs||US$316.43k||0.065% $31.3k|
|President of Aehr Test Systems Japan K.K||19.1yrs||US$203.40k||no data|
|Vice President of Engineering||2.1yrs||US$270.50k||0.29% $141.1k|
Experienced Management: AEHR's management team is seasoned and experienced (5 years average tenure).
|Founder & Chairman||43.1yrs||US$146.12k||4.15% $2.0m|
|Independent Director||11yrs||US$60.87k||0.90% $428.8k|
|Independent Director||12.1yrs||US$72.62k||0.98% $467.1k|
|Independent Director||5.2yrs||US$65.37k||1.46% $699.6k|
|Independent Director||0.6yrs||no data||no data|
Experienced Board: AEHR's board of directors are considered experienced (9.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AEHR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
Aehr Test Systems's company bio, employee growth, exchange listings and data sources
- Name: Aehr Test Systems
- Ticker: AEHR
- Exchange: NasdaqCM
- Founded: 1977
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$47.894m
- Shares outstanding: 22.92m
- Website: https://www.aehr.com
Number of Employees
- Aehr Test Systems
- 400 Kato Terrace
- United States
|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|
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 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 contactor 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 contactor; 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 00:42|
|End of Day Share Price||2020/02/26 00:00|
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.