Aehr Test Systems (AEHR) vs Ichor Holdings, Ltd. (ICHR)

Aehr Test Systems and Ichor Holdings, Ltd. are both Semiconductor Equipment & Materials companies. Aehr Test Systems is the larger, with a market value of $3.3B against $2.1B — 1.5× the size. Ichor Holdings, Ltd. grew revenue faster over the last twelve months: 9.10% against −15.2%. Ichor Holdings, Ltd. has the higher net margin (−3.97% vs −14.3%) and the higher return on invested capital (−2.05% vs −8.57%). Across the 18 metrics below, Aehr Test Systems leads on 9 and Ichor Holdings, Ltd. on 9.

Valuation

Metric AEHR ICHR Semiconductor Equipment & Materials median
P/E n/m n/m 54.39
P/S 64.03 2.02 6.08
P/B 14.58 2.37 4.89
Price to free cash flow n/m n/m 60.92
EV/EBITDA n/m 220.78 39.95
EV/Sales 61.83 1.89 6.36
Earnings yield (0.23%) (2.02%) 1.14%
Free cash flow yield (0.17%) (1.65%) 1.28%

Profitability

Metric AEHR ICHR Semiconductor Equipment & Materials median
Gross margin 35.30% 10.39% 43.95%
Operating margin (28.30%) (2.37%) 10.32%
Net margin (14.25%) (3.97%) 7.45%
Free cash flow margin (10.75%) (2.53%) 6.77%
Return on equity (4.16%) (5.17%) 4.78%
Return on assets (3.61%) (3.71%) 3.62%
Return on invested capital (8.57%) (2.05%) 6.10%

Growth

Metric AEHR ICHR Semiconductor Equipment & Materials median
Revenue growth (TTM) (15.21%) 9.10% 14.60%
EPS growth (last fiscal year) (76.92%) (140.63%) —
Revenue growth, 5-year CAGR 24.67% 0.72% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AEHR ICHR Semiconductor Equipment & Materials median
Debt to equity 0.00 0.14 0.09
Current ratio 10.33 3.70 3.66
Net debt to EBITDA 10.96 (4.73) (0.49)

Dividend

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

Size

Metric AEHR ICHR Semiconductor Equipment & Materials median
Market cap 3.26b 2.14b 4.63b

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