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

Aehr Test Systems and Ambarella, Inc. are both Semiconductor Equipment & Materials companies. Aehr Test Systems and Ambarella, Inc. are of similar size ($3.3B and $3.1B). 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 10 and Aehr Test Systems on 7.

Valuation

Metric AEHR AMBA Semiconductor Equipment & Materials median
P/E n/m n/m 54.39
P/S 64.03 7.68 6.08
P/B 14.58 5.17 4.89
Price to free cash flow n/m n/m 60.92
EV/EBITDA n/m n/m 39.95
EV/Sales 61.83 7.03 6.36
Earnings yield (0.23%) (1.77%) 1.14%
Free cash flow yield (0.17%) (0.18%) 1.28%

Profitability

Metric AEHR AMBA Semiconductor Equipment & Materials median
Gross margin 35.30% 58.52% 43.95%
Operating margin (28.30%) (14.90%) 10.32%
Net margin (14.25%) (13.48%) 7.45%
Free cash flow margin (10.75%) 2.33% 6.77%
Return on equity (4.16%) (9.41%) 4.78%
Return on assets (3.61%) (7.58%) 3.62%
Return on invested capital (8.57%) (11.19%) 6.10%

Growth

Metric AEHR AMBA Semiconductor Equipment & Materials median
Revenue growth (TTM) (15.21%) 20.04% 14.60%
EPS growth (last fiscal year) (76.92%) 37.32% —
Revenue growth, 5-year CAGR 24.67% 11.87% 8.85%
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 3.66
Net debt to EBITDA 10.96 5.48 (0.49)

Dividend

Metric AEHR AMBA Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric AEHR AMBA Semiconductor Equipment & Materials median
Market cap 3.26b 3.13b 4.63b

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