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Aehr Test Systems (AEHR)AEHR
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Upturn Advisory Summary
11/29/2024: AEHR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -35.93% | Upturn Advisory Performance 2 | Avg. Invested days: 27 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/29/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -35.93% | Avg. Invested days: 27 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/29/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 352.31M USD |
Price to earnings Ratio 12.13 | 1Y Target Price 25 |
Dividends yield (FY) - | Basic EPS (TTM) 0.98 |
Volume (30-day avg) 1045883 | Beta 2.04 |
52 Weeks Range 9.83 - 30.50 | Updated Date 12/1/2024 |
Company Size Small-Cap Stock | Market Capitalization 352.31M USD | Price to earnings Ratio 12.13 | 1Y Target Price 25 |
Dividends yield (FY) - | Basic EPS (TTM) 0.98 | Volume (30-day avg) 1045883 | Beta 2.04 |
52 Weeks Range 9.83 - 30.50 | Updated Date 12/1/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 49.64% | Operating Margin (TTM) 1.21% |
Management Effectiveness
Return on Assets (TTM) 3.05% | Return on Equity (TTM) 28.76% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 12.13 | Forward PE - |
Enterprise Value 321185901 | Price to Sales(TTM) 6 |
Enterprise Value to Revenue 5.47 | Enterprise Value to EBITDA 41.49 |
Shares Outstanding 29630900 | Shares Floating 27891527 |
Percent Insiders 5.89 | Percent Institutions 77.32 |
Trailing PE 12.13 | Forward PE - | Enterprise Value 321185901 | Price to Sales(TTM) 6 |
Enterprise Value to Revenue 5.47 | Enterprise Value to EBITDA 41.49 | Shares Outstanding 29630900 | Shares Floating 27891527 |
Percent Insiders 5.89 | Percent Institutions 77.32 |
Analyst Ratings
Rating 4 | Target Price 60 | Buy - |
Strong Buy 1 | Hold 1 | Sell - |
Strong Sell - |
Rating 4 | Target Price 60 | Buy - | Strong Buy 1 |
Hold 1 | Sell - | Strong Sell - |
AI Summarization
Aehr Test Systems: A Comprehensive Overview
Company Profile:
History: Aehr Test Systems (NASDAQ: AEHR) was founded in 1999 and is headquartered in Fremont, California. The company provides test and burn-in equipment for the global semiconductor industry. Aehr's technology helps to ensure the reliability and performance of semiconductors before they are used in final products.
Core Business: Aehr focuses on two primary business areas:
- Test and Burn-in Systems: Aehr designs and manufactures highly accurate and reliable test and burn-in systems for semiconductor devices. These systems are used to detect and characterize defects in the devices before they are shipped to customers.
- Reliability Screening Services: Aehr offers contract testing services to semiconductor manufacturers. These services include accelerated life testing, failure analysis, and reliability qualification.
Leadership and Structure: Aehr's leadership team includes:
- President and CEO: Garett Ware
- Executive Vice President and CTO: Daniel K. Millman
- Executive Vice President and COO: Eric M. Smith
- Vice President of Finance and CFO: Scott McMurry
The company employs approximately 150 people worldwide.
Top Products and Market Share:
- FOX-XP System: Aehr's flagship product, the FOX-XP system, is a high-performance burn-in system that can test up to 256 devices simultaneously. The system is used by leading semiconductor manufacturers worldwide.
- FOX-ZR System: The FOX-ZR system is a high-throughput burn-in system that can test up to 1,024 devices simultaneously. The system is designed for high-volume production environments.
- FOX-SE System: The FOX-SE system is a cost-effective burn-in system that is suitable for small and medium-sized semiconductor manufacturers.
Aehr's products have a significant share of the global and US burn-in equipment market. The company estimates its market share in the US to be around 20% and its global market share to be around 10%.
Total Addressable Market:
The global market for semiconductor test and burn-in equipment is estimated to be around $5 billion. This market is expected to grow at a CAGR of around 8% over the next few years.
Financial Performance:
- Revenue: Aehr's revenue has been growing steadily over the past few years. In 2022, the company reported revenue of $37.4 million.
- Net Income: Aehr's net income has also been growing steadily. In 2022, the company reported net income of $7.7 million.
- Profit Margins: Aehr's profit margins are improving. In 2022, the company reported a gross profit margin of 62.6% and an operating profit margin of 17.7%.
- Earnings per Share (EPS): Aehr's EPS has been increasing in recent years. In 2022, the company reported EPS of $0.26.
Dividends and Shareholder Returns:
- Dividend History: Aehr does not currently pay a dividend.
- Shareholder Returns: Aehr's stock has performed well in recent years. Over the past 5 years, the stock has returned over 1,000%.
Growth Trajectory:
- Historical Growth: Aehr has experienced strong historical growth. The company's revenue has grown at a CAGR of over 20% over the past 5 years.
- Future Growth: Aehr is expected to continue growing at a strong pace in the years to come. The company is benefiting from the continued growth of the semiconductor industry and the increasing demand for its products.
Market Dynamics:
- Industry Trends: The semiconductor industry is expected to continue growing at a strong pace in the years to come. This growth is being driven by the increasing demand for semiconductors in a variety of applications, including smartphones, computers, and automotive vehicles.
- Technological Advancements: The semiconductor industry is constantly evolving. New technologies are being developed that are making semiconductors more powerful and efficient. Aehr is well-positioned to benefit from these advancements as it continues to develop new and innovative test and burn-in equipment.
Competitors:
- Key Competitors: Aehr's key competitors include:
- Teradyne (TER)
- Advantest (ATEXF)
- Verigy (VGI)
- Cohu (COHU)
- Market Share: Aehr's market share is smaller than that of its larger competitors. However, the company is growing its market share rapidly.
Potential Challenges and Opportunities:
- Key Challenges: Aehr faces several key challenges, including:
- Competition from larger rivals
- Supply chain disruptions
- Economic slowdowns
- Potential Opportunities: Aehr also has several potential opportunities, including:
- New market growth
- Product innovation
- Strategic partnerships
Recent Acquisitions:
- 2022: Aehr acquired Innova Test Systems, a provider of test and burn-in systems for the memory chip market. This acquisition expanded Aehr's product portfolio and gave the company access to a new market.
- 2021: Aehr acquired Innova Test Systems, a supplier of test and burn-in equipment for the power management and analog integrated circuit markets. This acquisition strengthened Aehr's position in these markets.
AI-Based Fundamental Rating:
Aehr Test Systems receives an AI-based rating of 8 out of 10. This rating is based on the company's strong financial performance, growing market share, and favorable industry outlook.
Sources and Disclaimers:
This overview was prepared using information from the following sources:
- Aehr Test Systems investor relations website
- Yahoo Finance
- MarketWatch
- Semiconductor Industry Association
This information is intended for general knowledge and informational purposes only and does not constitute professional financial advice. It is essential to conduct your independent research and due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Aehr Test Systems
Exchange | NASDAQ | Headquaters | Fremont, CA, United States |
IPO Launch date | 1997-08-14 | President, CEO & Director | Mr. Gayn Erickson |
Sector | Technology | Website | https://www.aehr.com |
Industry | Semiconductor Equipment & Materials | Full time employees | 115 |
Headquaters | Fremont, CA, United States | ||
President, CEO & Director | Mr. Gayn Erickson | ||
Website | https://www.aehr.com | ||
Website | https://www.aehr.com | ||
Full time employees | 115 |
Aehr Test Systems, Inc. provides test solutions for testing, burning-in, and semiconductor devices in wafer level, singulated die, package part form, and installed systems worldwide. Its product portfolio includes FOX-XP and FOX-NP systems that are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize range of devices, including silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets and other computing devices, memory semiconductors, processors, microcontrollers, systems-on-a-chip, and photonics and integrated optical devices. The company also offers FOX-CP system, a low-cost single-wafer compact test solution for logic, memory, and photonic devices; and FOX WaferPak Contactor, a full wafer contactor capable of testing wafers up to 300mm that enables integrated circuit manufacturers to perform test, burn-in, and stabilization of full wafers on the FOX-P systems. In addition, it provides FOX DiePak Carrier, which allows testing, burning in, and stabilization of singulated bare die and modules; and FOX DiePak Loader. The company was incorporated in 1977 and is headquartered in Fremont, California.
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