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 ($1.7B and $1.6B). Cohu, Inc. grew revenue faster over the last twelve months: 34.0% against −15.2%. Cohu, Inc. has the higher net margin (−3.97% vs −14.3%) and the higher return on invested capital (−1.45% vs −8.57%). Across the 18 metrics below, Cohu, Inc. leads on 13 and Aehr Test Systems on 5.

Valuation

Metric AEHR COHU Semiconductor Equipment & Materials median
P/E n/m n/m 33.70
P/S 30.47 2.94 4.22
P/B 6.94 2.12 2.94
Price to free cash flow n/m 29.73 31.49
EV/EBITDA n/m 47.86 22.64
EV/Sales 28.18 2.58 4.97
Earnings yield (0.48%) (1.38%) 2.02%
Free cash flow yield (0.35%) 3.36% 2.27%

Profitability

Metric AEHR COHU Semiconductor Equipment & Materials median
Gross margin 35.30% 44.47% 46.86%
Operating margin (28.30%) (2.38%) 12.02%
Net margin (14.25%) (3.97%) 10.16%
Free cash flow margin (10.75%) 9.89% 6.73%
Return on equity (4.16%) (2.78%) 5.31%
Return on assets (3.61%) (1.95%) 4.10%
Return on invested capital (8.57%) (1.45%) 6.36%

Growth

Metric AEHR COHU Semiconductor Equipment & Materials median
Revenue growth (TTM) (15.21%) 34.00% 15.82%
EPS growth (last fiscal year) (76.92%) (6.71%) (4.56%)
Revenue growth, 5-year CAGR 24.67% (6.56%) 10.11%
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 5.16 3.56
Net debt to EBITDA 10.96 11.87 (0.49)

Dividend

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

Size

Metric AEHR COHU Semiconductor Equipment & Materials median
Market cap 1.61b 1.65b 3.04b

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