Aehr Test Systems (AEHR) vs Kulicke and Soffa Industries, Inc. (KLIC)

Aehr Test Systems and Kulicke and Soffa Industries, Inc. are both Semiconductor Equipment & Materials companies. Kulicke and Soffa Industries, Inc. is the larger, with a market value of $4.6B against $3.3B — 1.4× the size. Aehr Test Systems has negative trailing earnings, so its P/E is not meaningful; Kulicke and Soffa Industries, Inc. trades at 41.3×. Kulicke and Soffa Industries, Inc. grew revenue faster over the last twelve months: 44.4% against −15.2%. Kulicke and Soffa Industries, Inc. has the higher net margin (12.2% vs −14.3%) and the higher return on invested capital (19.8% vs −8.57%). Across the 18 metrics below, Kulicke and Soffa Industries, Inc. leads on 15 and Aehr Test Systems on 3.

Valuation

Metric AEHR KLIC Semiconductor Equipment & Materials median
P/E n/m 41.26 54.39
P/S 64.03 5.02 6.08
P/B 14.58 5.23 4.89
Price to free cash flow n/m 115.76 60.92
EV/EBITDA n/m 23.70 39.95
EV/Sales 61.83 4.52 6.36
Earnings yield (0.23%) 2.42% 1.14%
Free cash flow yield (0.17%) 0.86% 1.28%

Profitability

Metric AEHR KLIC Semiconductor Equipment & Materials median
Gross margin 35.30% 48.18% 43.95%
Operating margin (28.30%) 13.21% 10.32%
Net margin (14.25%) 12.18% 7.45%
Free cash flow margin (10.75%) 4.34% 6.77%
Return on equity (4.16%) 13.23% 4.78%
Return on assets (3.61%) 9.47% 3.62%
Return on invested capital (8.57%) 19.84% 6.10%

Growth

Metric AEHR KLIC Semiconductor Equipment & Materials median
Revenue growth (TTM) (15.21%) 44.44% 14.60%
EPS growth (last fiscal year) (76.92%) 100.32% —
Revenue growth, 5-year CAGR 24.67% 0.97% 8.85%
Net income growth, 5-year CAGR 0.00% (66.74%) 0.00%

Health

Metric AEHR KLIC Semiconductor Equipment & Materials median
Debt to equity 0.00 0.00 0.09
Current ratio 10.33 3.44 3.66
Net debt to EBITDA 10.96 (9.36) (0.49)

Dividend

Metric AEHR KLIC Semiconductor Equipment & Materials median
Dividend yield — 1.62% 0.85%
Payout ratio 0.00 0.43 0.00

Size

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

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