Aehr Test Systems (AEHR) vs Amtech Systems, Inc. (ASYS)

Aehr Test Systems and Amtech Systems, Inc. are both Semiconductor Equipment & Materials companies. Aehr Test Systems is the larger, with a market value of $1.6B against $194.1M — 8.3× the size. Aehr Test Systems has negative trailing earnings, so its P/E is not meaningful; Amtech Systems, Inc. trades at 41.8×. Amtech Systems, Inc. grew revenue faster over the last twelve months: −2.35% against −15.2%. Amtech Systems, Inc. has the higher net margin (4.90% vs −14.3%) and the higher return on invested capital (12.7% vs −8.57%). Across the 18 metrics below, Amtech Systems, Inc. leads on 14 and Aehr Test Systems on 4.

Valuation

Metric AEHR ASYS Semiconductor Equipment & Materials median
P/E n/m 41.83 33.70
P/S 30.47 2.12 4.22
P/B 6.94 1.49 2.94
Price to free cash flow n/m 19.62 31.49
EV/EBITDA n/m 9.93 22.64
EV/Sales 28.18 1.10 4.97
Earnings yield (0.48%) 2.39% 2.02%
Free cash flow yield (0.35%) 5.10% 2.27%

Profitability

Metric AEHR ASYS Semiconductor Equipment & Materials median
Gross margin 35.30% 46.86% 46.86%
Operating margin (28.30%) 8.10% 12.02%
Net margin (14.25%) 4.90% 10.16%
Free cash flow margin (10.75%) 10.79% 6.73%
Return on equity (4.16%) 4.78% 5.31%
Return on assets (3.61%) 3.25% 4.10%
Return on invested capital (8.57%) 12.69% 6.36%

Growth

Metric AEHR ASYS Semiconductor Equipment & Materials median
Revenue growth (TTM) (15.21%) (2.35%) 15.82%
EPS growth (last fiscal year) (76.92%) (253.33%) (4.56%)
Revenue growth, 5-year CAGR 24.67% 3.93% 10.11%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AEHR ASYS Semiconductor Equipment & Materials median
Debt to equity 0.00 0.00 0.09
Current ratio 10.33 5.41 3.56
Net debt to EBITDA 10.96 3.27 (0.49)

Dividend

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

Size

Metric AEHR ASYS Semiconductor Equipment & Materials median
Market cap 1.61b 194.08m 3.04b

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