NasdaqCM:AEHR

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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


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

3.0%

US Semiconductor

2.8%

US Market


1 Year Return

-9.8%

AEHR

48.4%

US Semiconductor

20.9%

US Market

Return vs Industry: AEHR underperformed the US Semiconductor industry which returned 48.4% over the past year.

Return vs Market: AEHR underperformed the US Market which returned 20.9% over the past year.


Shareholder returns

AEHRIndustryMarket
7 Day10.7%3.0%2.8%
30 Day39.8%12.7%11.1%
90 Day-4.2%12.9%6.5%
1 Year-9.8%-9.8%51.2%48.4%23.6%20.9%
3 Year-32.6%-32.6%93.8%83.6%47.3%37.6%
5 Year-13.9%-13.9%251.4%217.9%94.3%72.9%

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

Valuation

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?

20.2%

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

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 ($USD533.25K) is about average for companies of similar size in the US market ($USD561.84K).

Compensation vs Earnings: Gayn's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Rhea Posedel
Founder & Chairman43.83yrsUS$111.98k4.18%
$ 1.7m
Gayn Erickson
President8.83yrsUS$533.25k2.24%
$ 888.9k
Kenneth Spink
VP of Finance & CFO5.17yrsUS$292.77k0.21%
$ 84.4k
Vernon Rogers
Executive Vice President of Sales & Marketing2.08yrsUS$433.30k0%
$ 0
Michael Brannan
Vice President of Operations0.67yrno datano data
David Hendrickson
Chief Technology Officer2.67yrsUS$316.43k0.081%
$ 32.3k
Donald Richmond
Vice President of Engineering2.83yrsUS$270.50k0.32%
$ 125.3k

2.8yrs

Average Tenure

59yo

Average Age

Experienced Management: AEHR's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rhea Posedel
Founder & Chairman43.83yrsUS$111.98k4.18%
$ 1.7m
Gayn Erickson
President8.83yrsUS$533.25k2.24%
$ 888.9k
Mario Rosati
Independent Director11.67yrsUS$64.26k0.96%
$ 381.1k
Howard Slayen
Independent Director12.83yrsUS$73.51k1.01%
$ 401.1k
Laura Oliphant
Independent Director1.33yrsUS$71.68k0.13%
$ 50.9k
Geoffrey Scott
Independent Director0.17yrno data2.87%
$ 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$39.744m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AEHRNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 1997
AYBDB (Deutsche Boerse AG)YesCommon StockDEEURAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/30 00:08
End of Day Share Price2020/11/27 00:00
Earnings2020/08/31
Annual Earnings2020/05/31


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.