Aehr Test Systems (AEHR) vs Ultra Clean Holdings, Inc. (UCTT)

Aehr Test Systems and Ultra Clean Holdings, Inc. are both Semiconductor Equipment & Materials companies. Ultra Clean Holdings, Inc. is the larger, with a market value of $2.5B against $2.3B — 1.1× the size. Ultra Clean Holdings, Inc. grew revenue faster over the last twelve months: 2.52% against −15.2%. Ultra Clean Holdings, Inc. has the higher net margin (−1.07% vs −14.3%) and the higher return on invested capital (3.68% vs −8.57%). Across the 18 metrics below, Ultra Clean Holdings, Inc. leads on 11 and Aehr Test Systems on 7.

Valuation

Metric AEHR UCTT Semiconductor Equipment & Materials median
P/E n/m n/m 45.03
P/S 37.17 1.05 4.64
P/B 8.47 3.21 3.22
Price to free cash flow n/m n/m 48.18
EV/EBITDA n/m 18.63 33.11
EV/Sales 34.88 1.21 5.52
Earnings yield (0.40%) (1.02%) 1.41%
Free cash flow yield (0.29%) (4.92%) 1.67%

Profitability

Metric AEHR UCTT Semiconductor Equipment & Materials median
Gross margin 35.30% 15.83% 43.95%
Operating margin (28.30%) 2.84% 10.32%
Net margin (14.25%) (1.07%) 7.45%
Free cash flow margin (10.75%) (5.15%) 6.77%
Return on equity (4.16%) (3.11%) 4.78%
Return on assets (3.61%) (1.28%) 3.62%
Return on invested capital (8.57%) 3.68% 6.10%

Growth

Metric AEHR UCTT Semiconductor Equipment & Materials median
Revenue growth (TTM) (15.21%) 2.52% 14.60%
EPS growth (last fiscal year) (76.92%) (869.23%) (4.56%)
Revenue growth, 5-year CAGR 24.67% 7.99% 10.11%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AEHR UCTT Semiconductor Equipment & Materials median
Debt to equity 0.00 0.84 0.09
Current ratio 10.33 2.73 3.66
Net debt to EBITDA 10.96 1.35 (0.49)

Dividend

Metric AEHR UCTT Semiconductor Equipment & Materials median
Dividend yield — — 0.42%
Payout ratio — — 0.19

Size

Metric AEHR UCTT Semiconductor Equipment & Materials median
Market cap 2.26b 2.53b 3.80b

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