Aehr Test Systems (AEHR) vs Ambarella, Inc. (AMBA)

Aehr Test Systems and Ambarella, Inc. are both Semiconductor Equipment & Materials companies. Ambarella, Inc. is the larger, with a market value of $2.4B against $1.6B — 1.5× the size. Ambarella, Inc. grew revenue faster over the last twelve months: 20.0% against −15.2%. Ambarella, Inc. has the higher net margin (−13.5% vs −14.3%) and the lower return on invested capital (−11.2% vs −8.57%). Across the 17 metrics below, Ambarella, Inc. leads on 11 and Aehr Test Systems on 6.

Valuation

Metric AEHR AMBA Semiconductor Equipment & Materials median
P/E n/m n/m 33.70
P/S 30.47 5.85 4.22
P/B 6.94 3.94 2.94
Price to free cash flow n/m n/m 31.49
EV/EBITDA n/m n/m 22.64
EV/Sales 28.18 5.20 4.97
Earnings yield (0.48%) (2.32%) 2.02%
Free cash flow yield (0.35%) (0.23%) 2.27%

Profitability

Metric AEHR AMBA Semiconductor Equipment & Materials median
Gross margin 35.30% 58.52% 46.86%
Operating margin (28.30%) (14.90%) 12.02%
Net margin (14.25%) (13.48%) 10.16%
Free cash flow margin (10.75%) 2.33% 6.73%
Return on equity (4.16%) (9.41%) 5.31%
Return on assets (3.61%) (7.58%) 4.10%
Return on invested capital (8.57%) (11.19%) 6.36%

Growth

Metric AEHR AMBA Semiconductor Equipment & Materials median
Revenue growth (TTM) (15.21%) 20.04% 15.82%
EPS growth (last fiscal year) (76.92%) 37.32% (4.56%)
Revenue growth, 5-year CAGR 24.67% 11.87% 10.11%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AEHR AMBA Semiconductor Equipment & Materials median
Debt to equity 0.00 0.00 0.09
Current ratio 10.33 2.85 3.56
Net debt to EBITDA 10.96 5.48 (0.49)

Dividend

Metric AEHR AMBA Semiconductor Equipment & Materials median
Dividend yield — — 0.59%
Payout ratio — — 0.16

Size

Metric AEHR AMBA Semiconductor Equipment & Materials median
Market cap 1.61b 2.44b 3.04b

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