Aehr Test Systems (AEHR) vs Cohu, Inc. (COHU)

Aehr Test Systems and Cohu, Inc. are both Semiconductor Equipment & Materials companies. Aehr Test Systems and Cohu, Inc. are of similar size ($3.3B and $3.0B). Cohu, Inc. grew revenue faster over the last twelve months: 32.7% against −15.2%. Cohu, Inc. has the higher net margin (−7.43% vs −14.3%) and the higher return on invested capital (−3.94% vs −8.57%). Across the 18 metrics below, Cohu, Inc. leads on 12 and Aehr Test Systems on 6.

Valuation

Metric AEHR COHU Semiconductor Equipment & Materials median
P/E n/m n/m 54.39
P/S 64.03 6.08 6.08
P/B 14.58 4.10 4.89
Price to free cash flow n/m 89.83 60.92
EV/EBITDA n/m 255.65 39.95
EV/Sales 61.83 5.70 6.36
Earnings yield (0.23%) (1.24%) 1.14%
Free cash flow yield (0.17%) 1.11% 1.28%

Profitability

Metric AEHR COHU Semiconductor Equipment & Materials median
Gross margin 35.30% 43.95% 43.95%
Operating margin (28.30%) (6.90%) 10.32%
Net margin (14.25%) (7.43%) 7.45%
Free cash flow margin (10.75%) 6.77% 6.77%
Return on equity (4.16%) (4.84%) 4.78%
Return on assets (3.61%) (3.42%) 3.62%
Return on invested capital (8.57%) (3.94%) 6.10%

Growth

Metric AEHR COHU Semiconductor Equipment & Materials median
Revenue growth (TTM) (15.21%) 32.66% 14.60%
EPS growth (last fiscal year) (76.92%) (6.71%) —
Revenue growth, 5-year CAGR 24.67% (6.56%) 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AEHR COHU Semiconductor Equipment & Materials median
Debt to equity 0.00 0.38 0.09
Current ratio 10.33 5.74 3.66
Net debt to EBITDA 10.96 11.87 (0.49)

Dividend

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

Size

Metric AEHR COHU Semiconductor Equipment & Materials median
Market cap 3.26b 3.03b 4.63b

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